So even if it broke the 200ema and the lags were pointing down you wouldn't enter until it broke 239? I used to treat the "00s" as barriers, but I haven't been since you said to just follow the lags. Are you suggesting that I consider 00's barriers ...

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

Wow, look how bad the 60ema and 200ema are pinching now. It's like it's crying for a breakout... I'm not holding my breath though, if the last 2 hours have been any indication...lol

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

All 3 points on your chart look good, however, I would have waited a few more time frames on the first 1 so that both the lags agree. On the first line, lag 1 is going up but lag 2 is going down. 4 time frames or so later lag 2 is going up and ...

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

Yep, I stopped myself out at -24 pips thinking it was going to break the Daily R1 and sure enough, it came right back down to the 200ema and I could have walked away break-even. Pretty lame.

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

Testing the 200ema for a 5th time now...haha. I give up

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

Well that's why I suggested to do that IF the lags continue looking how they did. On both of the previous drops below 200ema the lags weren't giving a short entry signal. I figured if the lags say "go short" and the 200 ema is broken, why not? ...

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

Here we go...it's testing 200ema for a 4th time now. It just broke it by 2 pips and the lags are pointing down in agreement. If the lags continue to look like they do now and it drops 8 more pips I think I have to go in...unless anyone can suggest ...

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

Yes, fixed, sorry.

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

That's what happened to me, but I didn't choose to do it. My trailing stop from a previous order got triggered (because I forgot to cancel it) and it put me short once the 200ema broke. It was only 3 mini lots, but I still lost 70 bucks for no ...

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

Imrain, Let me know what you think of my "plans" for today. Resistance is Daily R1 @ 239.69. Support is 200 EMA currently @ 239.30 aprox. If the lags suggest a long position and it's broken 239.69 by 10 pips, enter long. If the lags suggest a sell ...

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

[quote=Pip Hunter;1637781] Yeah...I thought once the DOW closed this currency was in a major dead zone for hours until the Tokyo session started. Atleast a few days ago you told me not to trade once the US session (DOW) closed.

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

I just woke up an hour ago, so I can't go home and chill out . I'm -24 pips right now

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

200 ema was broken by almost 20 pips. The lags weren't right so I wouldn't have normally gone short, but I didn't immediately cancel the short trade that was accidentally triggered because it looked like the 200ema was broken and it would drop. Then ...

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

It was my fault for forgetting to cancel the trail, but yeah, I agree.

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

It just shot up and I had to close the position... -20 pips. That really sucked. I would have NEVER entered that trade if I had the decision. Anyway, do you guys have any ideas as to why it's chopping so badly right now?

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

Oh boy... When I cancelled my other trade for -4 pips, my trailing stop didn't get cancelled and it automatically entered me in a SELL position when it hit where my stop would have been. Now I'm at -15 pips. Holy crap...

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

I just got in long about 5 mins ago when the lag1 went up...I home it doesn't break the EMA 200 and go down LOL. EDIT: Just exited that trade at -4 pips becuase I got scared... Looked at the 1 min, and even the red lag just turned around. Here comes ...

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

I'm in Irvine, CA and got in to forex with 4xme, but recently left their software (and training program...oh god, yes I fell for 2 scams). I'm still in shock about how horrible that company is... Anyway, we should keep this on topic . You can send ...

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

It's part of the auto-pivot that is attached to post #1

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

Imrain, Do you recommend trading right now? There was news 25 mins ago and new news coming in 5 mins. Both are yellow, but I didn't know if you traded during yellow news and just not during orange and red. Thanks.

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