this is what i mean by wait for the retracement before trying to go in the opposite direction of a strong move.

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

mkt should bounce a bit, retest the lo area and may make an attempt higher to 70 or DP before any potential movement to break the last swing low. Step by step as it develops...

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

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

nice job! when u see that dbl top, look at 1 min and watch for TL break***note: u want to see this particular type of dbl top - the shallow cup dbl top BEFORE u enter against the prior trend

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

traingle consolidation at work right now till end of lunch brk prolly bounce from S1

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

G/J will consolidate now till 2:00 / 2:15 EST then BO according to DOW price action. For those trading NY session, pls watch YM and DOW. look for dbl botms and dbltops in YM and DOW as well. NEw ppl, i suggest sticking with fra/london sessions. I ...

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

mkt has found hrly trendline support above the 377 ema. mkt is kind of in a sideways channel with support in the 9800 area. 9770 area is for extra room/additional support.

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

ppl, please use divergence to filter out getting caught with CT setups that give signals at wrong end of retracement areas PRIOR to the retest of the swing hi/lo. IF you are unable to identify whether the trade is CT or with the trend, you are not ...

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

***Until further notice, so long as HRLY close for u/c is above 9770, all shorting is NOW CT. also look at angle / position of the 60 , 200

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

please be aware that once the 60 crosses the 200, it is an sign for change in market bias. anytime mkt makes a good run in either direction and you get a signal to go the opposite direction, i suggest you look for a retest of the prior swing area ...

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

hmm, tuff break, just re read your post. seems like you must ahve gotten stopped out right near the test of the prior Hi. when mkt is up strong and u get SS signal, u can wait for the retracement. look at prior SS setup i posted.

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

there is a dbl top area above. if u r still short and not overleveraged, you may want to hold a bit. SS is not ruled out. it's up to you tho.

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

the weekly pivot is providing support. if you look back several hours ago, there were some better shorting opps when the price was below the WP. url there is support for the last long move since the test of 223.00

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

url it takes going thru the pdf a few times to let it all sink in. I tend to scale out profit a t key levels along the way, however, when the red lag stays pinned at the bottom then turns back up, for the TF of the given chart, SS is usually ...

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

and we were closer to the weekly pivot than the DP.

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

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

Trend Candle Settings Version 01 — guys, u can try this on the 5,15 min and HRLY candles in your chart. It helps to identify the trend. i ahve to make some pics later to help define candle types

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

North Finance

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

This is where price action comes into play. the trade was Kinda CT, but not really. even tho the larger overall trend is still down, the 5min was showing positive. Look at the angle direction and separation between the 60 and 200 emas. Even with ...

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

for the 1 min I have been playing with some alternate #s for the MACD traditional 5, 21, 8 and 9, 22, 14 for the 5 min still tesing them out

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