Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 108 | Forex Factory

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

  • #2,141
  • Oct 17, 2007 2:26pm Oct 17, 2007 2:26pm
mkt was just a bit choppy after the long signal
  • #2,142
  • Oct 17, 2007 2:29pm Oct 17, 2007 2:29pm
Quoting argentrad
hi Imrain, I am long 236.90 according with this chart, where Lag 1 crosses 0.45 up and Lag 2 remains lagging. What was wrong with my trade?
nothing was wrong, it was a good trade, did u bank the pips, its coming down, trend is bearish
  • #2,143
  • Oct 17, 2007 3:26pm Oct 17, 2007 3:26pm
Quoting imransait
nothing was wrong, it was a good trade, did u bank the pips, its coming down, trend is bearish
I closed the position may be too early. tks again
  • #2,144
  • Oct 17, 2007 3:30pm Oct 17, 2007 3:30pm
Quoting argentrad
I closed the position may be too early. tks again
no probs, hope u made enough, its imp to just stick to basics , if rules say trade is on, take it but keep a tight sl and keep moving it up as trades goes ur way
  • #2,145
  • Oct 17, 2007 3:32pm Oct 17, 2007 3:32pm
guys..keep a watch on g/jpy 1 min to 15 m chart, all are preparing to fall, expect a 150-200 pip fall by end of Asian Sessioon today
  • #2,146
  • Oct 17, 2007 4:08pm Oct 17, 2007 4:08pm
yes...wathc mkt acvtivity. rally thru end of NYSE close and futures SP500 close, then PB from Pivot right around 430.
  • #2,147
  • Oct 17, 2007 4:13pm Oct 17, 2007 4:13pm
att
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  • #2,148
  • Oct 17, 2007 6:07pm Oct 17, 2007 6:07pm
Quoting imransait
guys..keep a watch on g/jpy 1 min to 15 m chart, all are preparing to fall, expect a 150-200 pip fall by end of Asian Sessioon today
I am short now from 237.86, according with this chart. please any comments will be appreciated.
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  • #2,149
  • Oct 17, 2007 6:47pm Oct 17, 2007 6:47pm
lock in some profit on the way down.
should be a good move
  • #2,150
  • Oct 17, 2007 7:23pm Oct 17, 2007 7:23pm
wathc for it to take out swing los
  • #2,151
  • Oct 17, 2007 7:57pm Oct 17, 2007 7:57pm
Quoting fx_ninja
lock in some profit on the way down.
should be a good move
tks for your comments,
  • #2,152
  • Oct 17, 2007 8:41pm Oct 17, 2007 8:41pm
Watch out Asia session big move!
just wait Lag1 and Lag2 to point into same direction. expecting big move happen within 4hours!
  • #2,153
  • Oct 18, 2007 12:47am Oct 18, 2007 12:47am
G/J just go up a little bit, but due to wedge effect, it might be a false breakout
  • #2,154
  • Oct 18, 2007 1:19am Oct 18, 2007 1:19am
UK news at 4:30 am EST..so it will range between the 2 blue lines till then and we will see a breakout...
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  • #2,155
  • Oct 18, 2007 1:31am Oct 18, 2007 1:31am
imransait, I did a short on 273.80, do you think it is ok? looks like it's on swing now
  • #2,156
  • Oct 18, 2007 1:35am Oct 18, 2007 1:35am
Quoting lkthomas
imransait, I did a short on 273.80, do you think it is ok? looks like it's on swing now
if taken on 5 min, the red lag is still not at top and it may go to 238.20 also before reversing, so try to get BE and wait for red lag to reach top and turn
  • #2,157
  • Oct 18, 2007 1:37am Oct 18, 2007 1:37am
there was a time that 5Min lag turns down and I did a short, but realize it was a false signal
  • #2,158
  • Oct 18, 2007 1:43am Oct 18, 2007 1:43am
Quoting lkthomas
there was a time that 5Min lag turns down and I did a short, but realize it was a false signal
if you notice, always the red lag goes to the top and then reverses, not in the middle or near the top, specially in the 5min chart, so be careful of false breaks
  • #2,159
  • Oct 18, 2007 1:54am Oct 18, 2007 1:54am
the trend still against me, shit
  • #2,160
  • Oct 18, 2007 1:58am Oct 18, 2007 1:58am
Quoting lkthomas
the trend still against me, shit
relax and have patience..it is coming down...get out at BE and wait for good oppurtunity to get in
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