we will see 233.60 after news is out and if its bad..then 232.80 till news i am out of trades

Auslanco - GBP/JPY and GBP/USD (newstrade)

bye, aus see u on monday

Auslanco - GBP/JPY and GBP/USD (newstrade)

no problem, here is another chart..the area marked in blue circle is where it stopped at the middle bollinger and then shot up

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

for e.g if u see the last chart, we have taken long from the bottom..price goes up and comes down..and stops at middle of bollinger band, i usually wait, if candle closes lower, i close my trade and wait for next setup or reverse trade is rules are ...

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

notice how the middle band of bollinger acts as support or resistance and can become part of the reversal trade .

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

No, i dont take a opposite trade unless the rules i have set are met for long or short support and resistance levels are imp and i do take profit at those levels if they come during trade and wait for a break up or back down to take trades again. ...

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

Aus I am seeing that this is going till 234.54 and then falling to 232.90 momemntum is not strong for the rise to 235 today

Auslanco - GBP/JPY and GBP/USD (newstrade)

you will get ur retrace to 2.0265 , vishal...hold on tight

Auslanco - GBP/JPY and GBP/USD (newstrade)

Aus, we may get to see a bounce of 233.30 , i am expecting it to fall close to the 200 Ema on the 15m , have a look

Auslanco - GBP/JPY and GBP/USD (newstrade)

usd/jpy looks weak..so need to watch..it may restrict the rise of g/jpy and also the DOW has to be watched closely today

Auslanco - GBP/JPY and GBP/USD (newstrade)

those are used for confirming the entry and exit , as they act as support and resistance, thou with just this one indicator i.e laguerre, we dont need any other indicator. EMA's and Pivots are important so we can know where to exit and take note and ...

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

i have a entry for long at 233.40 setup, if it comes ok..if not will be doing 1min scalps till then

Auslanco - GBP/JPY and GBP/USD (newstrade)

15m chart for +160 pips — here is another example on a higher time frame to show that this works on all time frames and when majority were shorting this, i went long on a long term trade and the result is +160 pips... I will open another ...

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

retrace to 233.40 area — this will retrace to 233.40 area and then go up, good place to get into long trade

Auslanco - GBP/JPY and GBP/USD (newstrade)

yes and always have a 15pip SL

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

always put a 15 pip stop loss....better to get hit for small loss rather then be anxious if it will return down...this will come down as it hit a fib level and 200 ema ..so let the laguerre come down

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

a reversal from the 76.4 level where 200 ema was also present on the 5m chart

Auslanco - GBP/JPY and GBP/USD (newstrade)

bro, use laguerre to determine the uptrend and downtrend..its giving good results so far

Auslanco - GBP/JPY and GBP/USD (newstrade)

return to 234 — my 30 min and 1 hr indi shows return to 234 area

Auslanco - GBP/JPY and GBP/USD (newstrade)

was doing some testing , will update on main post once i am thru with the 0.9 seting, i check the 5 min time frame and 15 m to determine the trend i exit when laguerre reverses to 0.9

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