Well I'm already at -37 now...what's another 10 pips before I hit my modified stop loss... Sigh.

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

Do you think I should exit now with -25 pips? I was waiting to BE, but that might never happen.

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

Some wise words right there.

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

Yeah, it's just funny how your emotions can screw you. If I didn't feel like I had to get in (because you guys were already in) I would have never entered on say a normal day just looking at the charts. I so badly wanted the lags to agree that as ...

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

I waited for both the lags to agree, and STUPIDLY, got in at 238.98. It's finally coming back down now so I'm only at -13 pips. If I just went based off Lag 1 I'd be in 30 pips profit right now, but because I waited for lag 2, I entered on a ...

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

Do you think that would be better than waiting for it to turn around? It would just cost me what, the spread and comission? Not such a big deal... And I would never risk money I couldn't afford to lose. In fact, as soon as I put the money in this ...

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

Heh, makes me wish I never got in. Live and learn. I would have been perfectly happy to get in where you did and exit at 239.00. lol

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

Should I change my SL to 35 pips to be safe? It's a general rule that i NEVER change my SL, but I don't want to get stopped out if this continues much further. EDIT: Just saw your post. 239.50 would be 50 pips SL. Isn't that a bit high? Anyway, stop ...

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

I wish you had said something earlier, I was waiting and waiting to enter, now I'm -23 pips. Talk about a bad entry. I'm very close to my SL.

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

I see, well I got in at 238.98 and am hurting right now...should be OK soon though (I hope).

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

How did you get in at 239.30? The lags didn't agree. Isn't that breaking the rules of your own system? Wow, I'm already at -15 pips...let's start heading down again please...lol

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

Lag2 just went flat, then pointed down, I went in. Was this too early, or OK?

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

Did you get in yet? Or still waiting for lag2 like me?

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

Daily pivot is 238.33. Weekly is off the screen on the 5min chart, but 237.52.

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

Just broke 239.00. I wish lag2 would cooperate, I've already missed out on 30 pips.

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

You're not worried about a bounce off 15 min 200ema?

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

I believe he said EMA 200 on the 15 min is support, which is like 237.85 ish I think? Anyway, there was just a huge move and lag 2 still won't budge.

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

When would you say it's OK to enter? 1 time frame after lag 2 points back down?

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

Lag-2 is so confused right now...it really needs to make up its mind. It seems like by the time lag 2 points down we'll hit support already LOL.

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

Imrain, 200ema just broke again, but red lag is pointing up... I guess we'll wait.

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