If everything is in agreement yes, or you can wait for the stoch histogram to go from negative to positive and vice versa, if the candle is near S/R, pivot be cautious

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

No, you need to look at the big picture, this has been ranging from 8:00am est .to 12:00 market has ranged from 235.80 to 236.65, after 12:00pm market has ranged even tighter. R3 238.18 is strong support, emas are all together,Bollinger Bands tight

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

EMAS are used for support and resistance levels, can be used to take profit if price is retracing from the top or bottom of the BB down, up to the emas using other indicators to confirm, above th PP longs

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

You saved me the trouble, that was my next order of business to look for the link

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

I see your name on the list, I thought you were all set

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

You are correct, but price is at the R3 level strong support and your bollinger bands are narrow

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Hi Ann, Noticed that your from the windy city, I am only 1,000 miles east of you here in Rhode Island The doc on Con/Div should help many that need a complete understanding of how this works Feed that pig will you, poor thing

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Settings — Brown line is the Laguerre filter .4, blue lag set at .55, red lag set at .7 the black line is the Gann Hi/Low Activator

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Check lag settings — Looking at your chart I noticed your red lag is set at .85, try .7

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Convergance/Divergence — Try this word document, explains everything you will need to know

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Screenshot of Histogram — If you need more help let me know

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Stoch Indicator — Go ahead and delete the soch indicator, the only reason why I included this was to show the correlation between the two.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Looking ahead — Imran, Have you checked the higher TF. Day, Wk. ( indicators ) Interesting, we will see what happens

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

The next area is the swing low of 233.60, next area is S1 233.30 233.60 is .786 of the last big move, may retrace from there

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Once this breaks, next area would be 233.60 area

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

If your asking about entry rules for the 15 min. they are the same no matter which TF you are looking at. The most important thing is trade with the trend, check 1,5,15 TF to make sure they agree, if you countertrend make it quick 10-15 pips and ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

I am glad you mentioned that about CFTC, NFA. I assume that most traders know this, On forexbastards, felix is trying to help this one trader recover over $100,000 that some brokerage firm swinddled. You need to do your research well before handing ...

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

There is a site called forexbastards period com, if I put the full link I probably will get a warning, you get the jist. They have reviews on brokers, software, education, signals, managed accts. etc. traders will write reviews, scam or not a scam.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

Thanks Chandra, will test and report any bugs

Chandra's Indicators (with Alerts)

Looks like this indicator is the same as the ADX, will check it out.

Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait