Easy money wasn't it ? Got in on the dip down and just waited for the retracement and then rise. Nice

Fed Rate Cut Announcement

The problem with using demo accounts during news is that you always get filled at the price you see which bears little relation to what happens when you trade 'live'. Brokers, particularly the more unscrupulous (most of them that is), usually want ...

News trading help

I don't want to spoil the party or anything but I'd like to ask those who've been trading successfully for a long time a few questions. I've been impressed by this system like everyone else but if you look back at data 7 or 8 years ago it doesnt ...

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

Forexbastards were very helpful in deciding which broker to go with. I've decided on IKON which have a v.high rating, do mini accounts and use MT4. So, I'll give them a whirl and ditch my current broker, CMC which has a clunky interface and low ...

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

Thanks. I'll take a look at those bastards

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

With regard to accounts, I've looked at Crown FX. Their spreads seem impossibly low (couldn't be lower at just 1 pip) and they allow v.small accounts. Anyone know if they're OK or will they run away with my money ?

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

I'm keen on using MT4 with real money, albeit running a small account to start. Can anyone suggest the best broker for this. I'd want to run MT4 in auto-trade mode and I'm based in the UK. Thanks for any suggestions.

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

Burt, Another point to remember is that not every trade is going to be a winning one. As others have stated, money management is very important to keep your losses small and to allow the profits to run. However, there will inevitably be many losing ...

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

Wow, I've had a look at my pairs on the hourly charts and suddenly it looks a lot clearer. Nice one Paris

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

Tkx Sailing..I'll take a look at YouTube on my new Iphone......and I'll do my best to learn from others....It's difficult to know on these forums though, who is actually parting with hard cash and making consistent profits from those who happen to ...

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

What's the consensus about entering a trade when the conditions are correct on the current but incomplete bar ? By that I mean, do you need to wait for a bar to be complete before taking a trade ?

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

Ah, if life was only so simple. Changing your subconcious to work in another way is one of the secrets of life. That's why its so difficult.

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

roc, thanks for the encouragement. I'm going back on my GBPUSD chart and see if there are any patterns that are obvious. I'm keen to get things to work but don't trust my natural trading skills. That's why I prefer mechanical systems, or would do if ...

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

roc, yes I see that now. However, when you read the rule on the first page for Short Entry it doesn't make it that clear that the position of Lag 2 is of such importance. And as we've seen, there are clearly ways to interpret things using this ...

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

Yes, you're right. But personally I think I need a system that takes things away from the subconscious processes cos I think my subconscious isn't too good when it comes to trading. Anyway, I'll see how PipBoxer goes because that is purely ...

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

"In my opinion, that chart on EUR/USD is not a sell signal." "Looks good shocker, i'd let the histogram turn a hair more. its just a quick scalp trade" See, there ya go. Two differing opinions about the same chart and indicators. Surely a system ...

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

FXNorm. I didn't put the stoch up. I'm not a great fan of it and thought it was only an option. Perhaps I should read the damn stuff properly....

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

Entry for Short : when Laguerre 1 is below 0.85 and pointing down when laguerre 1 is below 0.45 and going down ( if entry was not possible above ) I thought that was the only rule ?

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

Thanks for the reassurances. Here is one of my losing trades on the GPBUSD at about 11:30 this morning. I sold on the Lageurre falling below 0.85 at which point it rebounded and stopped me out. Any comments if I was doing something incorrectly ? ...

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

I've been away from trading for a few years doing other things. About 5 years ago I probably read every tech analysis book around and tested every bit of software I could. I did my best to find a mechanical system that would work but after a couple ...

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