Auslanco - GBP/JPY and GBP/USD (newstrade)
well, my 5m scalping strategy is derived from my m30 strategy with 50ema, MACD, and CCI (period 30).
when i'm trading a normal m5 swing, i wait for cci30 to cross over the 100 line for a long, and below the -100 line for a short. price would be above/below gann before cci's confirmation anyway.
i also look for CCI trendline breakouts. cci sometimes forms lower highs or higher lows, if u draw a TL from the peaks/bottoms that's ur TL. and to confirm that breakout, i would wait for CCI to cross a level. so for example if CCI was over the 0 line, and a breakout occured downwards, i would wait for CCI to go below the 0 line before entering short.
i usually wait for a pullback at the start of each 5m candle, it would reach 5sma most of the time, and that's my entry.
i also trade divergence. i could get a divergence from either CCI or MACD, classic or hiddn: the case of classic divergence should be clear, if we get a bullish divergence for instance, i'd wait for 2 things: 1) close above gann, 2) CCI breaking either the -100, 0, or 100 line(s). when it does, i enter. i somtimes entry in the case of divergence at a very strong S/R level if available, price will most likely bounce from there.
in the case of hidden divergence, 70% of the time, price bounces from 50ema, or at least Price Action (PA) would suggest a reversal at around that area. if i have a bearish hidden divergence, i would wait for price to reach 50ema, and that's my short entry. (sometimes i look at 1m chart for confirmation, when u watch that TF for some time, u'll know when a reversal is coming).
there is however, an essential part for my own developed system. i always take partial profits when i see a potential reversal, and set the rest of my trade to b/e++, 30% of the time u'll regret it, but 70% of time u'll thank God u did it, lol. it's a safe and 1% risk way of trading. it does well for me.
hope that helps
How do you know Soros and Buffet are for bears
sorry lilmoe, papa Soros n Grandpa Buffet win the battle
Let's tank baby
I just looked at the chart and saw my short is +230 ... 
