To make 20% interest in a week seems like an incredible risk to take. What is your leverage? What would happen to your account if the price rallied 1%? What about 5%? 10%? 50%? It might seem unlikely, but then I saw a lot of people get burnt buying ...

trading to make interest

Shouldnt you turn weekend candles off to use MAs effectively?

Xaron's 1,000 to 10,000 live trading horror show

Went for the full 120 pips while I went out for dinner with friends. 6.8% reward off 0.3% risk. Certainly an encouraging sortie!

Central Banks & Big Players

Hey Tony, Ive been lurking for few days now, just started demo trading the GBP/USD today for kicks. Grabbed the same trend you did (about 15 seconds later though - not as quick off the draw yet). Anyhow, sitting at BE, nothing to lose, 120 pips to ...

Central Banks & Big Players

I'd be hesitant about opening G/U positions until London had opened on a Monday. No liquidity.

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

Two pieces of advice: Firstly, you should have set a stop somewhere around 893.50-894. You would have lost on the trade, but at least you wouldnt lose too much. Second, trading gold on a 5 minute chart sounds a bit risky to me. I would think that ...

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

I move down to 1 minute charts and and follow the petite trend/chart patterns. Doing this you would have avoided this trade:

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

I took it as well, set my SL behind the trendline, so Im still in (just barely - missed my SL by 2 pips). I guess in hindsight it wasnt too smart to be trading under the 200 EMA like that. Still, my trade is going and it seems to have bounced off ...

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

Here you are:

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

Great Entered GBP at 214.74, exited at 214.55. Probably going to go further, but I was going to lunch so took profit.

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

Havent got a signal with my charts. Blue lag bottom was 0.89. Im watching GBP/JPY, looks like a reversal is on the way there.

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

Just waiting for my broker's spreads to tighten . So far, so good as far as trading goes.

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

Thanks for that Bill. I dont think I quite got all of it, but I have a general idea of what its doing now. Ill read over it again later and see if some more of it sinks in.

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

Ive been playing around with this system for a few days now. Managed to bag about 20 pips so far today (would have been 100+ if the old lady didnt drag me off shopping). Im not sure if this has been asked or not (a lot to read), but what are the ...

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