another classic dbl botm setup...guess i'll have to wait for the next train.

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

yes...i am short from 4300, but mkt may squeeze up to shake shorts so be watchful.

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

ok, lol

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

looks like i missed all the fun!

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

wathc for it to take out swing los

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

lock in some profit on the way down. should be a good move

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

att

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

yes...wathc mkt acvtivity. rally thru end of NYSE close and futures SP500 close, then PB from Pivot right around 430.

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

mkt was just a bit choppy after the long signal

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

falling knives drop it like it's hot! Bruce's cousin is back...UG LEE lol

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

if u reshorted - u can 1. hold all 2. take som profit near prior swing lo and hold some 3. exit all i like #2, its up to u. after profit from A to B; re-short is a gift...

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

ys, running 211 ok

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

att. if you are gonna hold thru leg b to c, then be prepared for retracement. if u r not, u may find yourself exiting at point C, only to see the mkt trend resume.

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

this bounce is for RE-SHORTING. look at R level of the top BB. mkt takes 3 steps then 2 back, 4 steps 3 back, 2 steps, 1 back... it is normal activity. so...take profit at key levels and decide what to do/how much to risk at the RE-ENTRY AREA.

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

u entered 2 bars late. take profit at key levels. dont try to turn every trade into a grand slam. u must take/lock in some profit. dont wait around all day for an extra 10 pips while risking what you already have.

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

att

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

NYSE is about to open.

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

short side recalc the fibs based on new a,b,c for targets...

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

ok, good fortune to all and good nite.

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

default settings. just watc price action w/lags and look for divergence. u can use macd, rsi, whatever...cuz they will yield simialr results. price action is price action. ask yourself - with the mkt down like it has been what are the chances of it ...

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