Hello underthehedge, The bigger trend on the Gbp/Jpy is down. The high yesterday was 226.86 and the low was 222.41 then it started to retrace. The 50% retracement of that move was 224.63. It retraced to 224.84 so it was reasonable to expect that was ...

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

Hey there Tony, Nothing wrong with your analysis for entry at 224.66 It's a matter of preference Tony, some people like to wait for the close of the bar to confirm their entry others will be aggressive and enter when the lag crosses down if the ...

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

Hi there, It's possible that Imrain switched to the 1M chart when he took his trade. The signal to go short would have been at 224.66, which is in the 224.70 area as he had stated. On the 5M chart your entry would have been at 224.45

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

Re Aleccohfx-Broker — Hi Yen2trade, Aleccohfx is not my broker, I just use their charts to see price of oil, gold,Dow Jones, S&P500, Nasdaq and other equities and commodities markets. Like my friend Viking said, it helps to see the price ...

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

Hi there Chris, Good question! I mostly monitor the markets on the US session where the most volatility is. This in turn seems to give a good direction to the action in the Asian and London sessions. It seems that the FX market has had time to ...

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

Attention Traders-Useful Information — Hello Traders, I'd like to pass on some information to you that can be very beneficial in your trading decisions. As many of you know, the indices or equity markets can have a direct influence on the ...

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

Re. Indicator — Hi FxDiva, I'm not using any special indicator for those charts, just the fibo tool and manually drawing the Tom Demark style trend lines[connecting most recent swing high or lows to the previous ones]. With the fibo tool, I've ...

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

Hi there Fx Ninja, I was just curious, are you using fractals as a price action reference? Thanks.....T-Wolf

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

Regarding Price Projections — Hi FxDiva, So nice to hear from you The 3000 pip drop is from the head straight down to the neck line. In the days or weeks to come, if the price breaks through the neck line, that would be the point at which we ...

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

Good Question! — Hi VagyokC4, How are you today? Doing well I hope. Thanks for your question! The price projection for a head and shoulders pattern is calculated by drawing a line from the top of the highest high candle[or bar] of the head ...

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

Gbp/Jpy Daily Chart — Hello Everyone, I'm posting a daily chart of the Gbp/Jpy to emphasize the importance of top down analysis that can help us with our trading decisions on the lower time frame charts. What we have here is a head & shoulders ...

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

Trend Analysis Tip — Hello Traders, I've noticed some people have a hard time with trend direction so I thought I'd pass on a little tip that helps me. When I start my trading session, I will bring up a 1HR chart of the pair I'm going to trade ...

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

Hi blondy101, The indicator signals were there to go short, however this was a counter trend trade against a very strong uptrend so you should only be looking to scalp just a few pips and get out of the trade and look for a long opportunity. Notice ...

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

Crown Broker — Hello Dr. Who, Good decision on checking out brokers. I think Crown FX has the bird flu, if you know what I mean......T-Wolf

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

Your Set Up — Hi Bernhard, I liked your set up on this trade for Euro/Jpy. It looks like you used Laguerre set to .70 a laguerre filter set to .50 and a 60 simple moving average and replaced bollinger bands with a 60 period envelope set to ...

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

Nice observation Rocwell, Either we break above daily pivot or we have a triple top and another tumble down.

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

Hi Argentrad, That was an excellent set up for a long scalp. Hope you got some nice green pips out of it

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

Another possible short coming up on 1M — Could be another short opportunity coming up if you missed the last one!

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

Nice 1M set up for short — This is a nice set up for a short on the Gbp/Jpy on a 1M chart. Both lags and stochastic lined up nicely. We had a double top formed as price could not break daily pivot. Will just keep locking profits as price ...

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

Round the clock posting on Imran's thread here now! To all newcomers to Imrans system, welcome. You are at the right place at the right time. Imransait is one of the most caring and unselfish traders you will ever come across and he truly wants to ...

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