Scalping Techique for 1 min — Guys, i know this is wrong place to show this, but want to take senior guys opinions on this setup, attached is the chart setup on 1m g/jpy , my short and long trades SL is always 15 pips, indicators used : Stochs ...

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

wow...i just tried and it worked...lol..this is good

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

Great work, mate...its excellent, giving very deep insights thanks for it and for sharing...love it

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

Aus, i will PM you the 1 min scalping technique which i am developing, see how feasible it is, it has only 15 pip stop loss , let me know ur views, will go to office and send it to u with chart setup and indicators i use, can u pls give me ur ...

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

can we trade 0.05 lots on MBT/EFX, i am not able to do less then 0.1

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

Well, i would rather depend on my charts then on luck, luck has no place in trading, it may come once in a blue moon

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

since its going to be an experiment, i dont want to risk more then 500$, if i can achive the 10-15 pip return consistently for 3 months using the 1min scalping strategy for g/jpy , then i would feel that its worth to continue this, if not, the max i ...

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

I will surely keep updating it every day, AUS, will have it on my signature so all can follow it, i will be using the 1min strategy on g/jpy what i am developing, just fine tuning it, will shortly start a thread for this as well, will need all u ...

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

Aus, i know, it looks good on paper, but if we stick to ur system and pivots, i am sure we can make more then 10 pips a day, i guess g/jpy is not the pair to trade this method, unless we are having a capital of 5000 $ and risking 10% of it to make ...

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

Compounding Effect - Excel file — Guys, have a look, specially the Newbies ( me included ) the power of compounding, i am going to start a live a/c and open a thread there to start trading the G/jpy with only 500$ capital and note down all my ...

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

very true, Aus if only people understood the power of compounding, if u make consistent 10 pips a day on a small capital and do it every single day, then within a year a capital of 1000 USD will become 100,000 USD

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

never risk more then 5% of ur capital , as there is always a next trade, and if ur loosing more then 2-3 times, stop, do paper trade, anaylise ur mistakes and look at the charts, keep it simple, and it will fall in place. have a max of 2 indicators ...

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

I agree with Hakuna, the final call is ours, we have the same charts and we have to stick to our decision and based on what our MM is...

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

Well said, and truly, the trendline or EMA's loose relevance if it tries for 3-4 attempts, that indicates strength of the pair to even try this many times on the 4hr and mainly breaks of 200 ema on 4hr tend to bring bigger rallies of more then 300 ...

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

there is a MACD divergence in 30 min chart, price is making highs and the MACD is not , so we could see a retrace down to 232.80 levels before any push higher

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

This could also be a false break to take out the SL of Shorts, so wait till london opens and see if the break of 233.60 holds, till then have patience

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

Hold on to it unless u see a 30 min candle close above the 4 hr 200 ema trendline

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

what i meant was if it could have been taken at 233.60 level, it could have been more better, no harm bro

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

we could see it retrace to 233 level before going up as some more UK news is coming out

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

That short was taken too early,

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