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- fx_ninja replied Oct 30, 2007
its built into MT4. you can add levels, change color and line style. i add 72.5 and 78.6 as a range for retracement entry/re-entry zone. you can also add extension numbers - useful for taking some profit at key levels, in particular when they ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
KISS if u get blue lag, red lag and stoch lined up properly (3of 3), that is usually the best of setups. these 2 of 3 if you get blu and red, that is also a good setup. if you get blue and stoch cross, that is also a good setup. trade your DEMO at ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
try to start by sticking with ONLY the best setups. Exercise patience and wait for those trades to come to you. ONLY after much experience w/a particular pair in conjunction with price action, THEN u can exercise some additional judgment.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
range 50-71. dbl botm to dbl top guys - ranging mkt = for SCALPERS, scalp some profit at the middle and at the other extreme end. DONT ENTER IN THE MIDDLE often better to wait for breakout; wait for good signal/thrust/retrace/retest, etc...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
hmm. red lag was at the top, so a lower risk entry would have been at the botm BB for long side. and stoch, moving down. also- there was news release that cuased that spike up/down shortly after ur entry. today /tomorrow/maybe thurs = funny due to ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
saw the dbl botm @ 50 and divergence but didnt like the lag setup. after an error = time to take a break. chart error: point C should be right above the retracement test of 165.71 at the 78.6% level
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
thx. hindsight is 20/20. 78.6 was good for one more trip. its ok tho... u cant catch em all. still worked out well and 50 hasnt been broken yet.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
mkt retraced a bit from 78.6
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
i passed on this re-short. was looking for 65/66...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
moved SL to BE + 1 on remaining position. might bounce. its just hanging here @ 50...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
stalled at 50 again...took off the 25% re-short
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
re-shorted 25% of original at 58. holding now for BE or nxt profit target betwen 48-41 bid price
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 30, 2007
took 25% more off on the stall at bottom BB
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Oct 29, 2007
another thing u can do is fib the top to bottom of that leg and see if the retracement % coincides signficantly with the level of the red avg.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait