will move sideways now...cya later!

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

was looking to cover first half at 64. mkt stalled; took profit on leg A to B; waiting for bounce, but may not re-short cuz momo is suspect.

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

yes i agree. simple is best. that way u can tell whats working . today was just a 'funny' kinda day. u get them every now and then...

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

i would suggest u start tomorrow cuz you are still biased on what went wrong = u need to break your mental state and reset.

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

ok...what i would like u to do is make 2 pictures in your mind as vivid as possible. 1. the exact things that you did on this trade viewing from an associated first person state. 2. the exact way that you would have played this trade in perfection, ...

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

maybe after 3pm market makers will decide which way the next move is if it doesnt happen before then

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

only stop i see is basically the same one Imran suggested; a break of 50. u have to decide on the risk. maybe decide whether u can downsize ur present postiion or not.

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

i hate to ahve to giv a non commital response, however, it is all i can offer. only you can determine your risk comfortability level. this leg is "beyond D" so u could go either way, choppy, reversal continuation. i dont know.

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

maybe. mkt is chopping around now. when it failed to take out swing low of that inital thrust i decided to exit. why? because i like to trade C to D legs that trend strong. no break at point B = loss of DS momentum FOR NOW... prolly will reset a bit ...

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

i am flat now. i will wait for another setup later.

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

well...i know this sounds strange, but some rules are made to be broken. just be comfortable with the possible outcome if u decide to break them.

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

any anxiety when u pull that trigger = internal conflict. whether you win or lose, trade with resolution and not internal conflict. why? because before u pull the trigger you should be perfectly comfortable with all possible outcomes.

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

it is ok... do not chastise yourself. it is part of trading. do not amplify those feelings. Only amplify those feelings of Joy when u win. mkt looks like it might chop.

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

watch for taking out of prior swing lo OR stalling

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

where did u enter? generally that first thrust of A to B - for me, its a good idea to take some profit when the mkt stalls cuz i am expecting a B to C bounce. i shorted again at the bounce to point C.

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

if u r worried, reduce some of your exposure now and decide what u want to do if it retraces.

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

this bounce...should be rretracement and not reversal

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

i didnt wait. i am short 2 lots from .20 reasoning: price broke range then bounced; i fibbed the first leg when mkt stalled and red avg was ~15 pips (.35 area) away so i used that as resistance

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

sorry. dont have those setup yet. can u post the #s when u can? thx

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