I think getting back to the original question of scalping and the currency meters, then I think you can do fine if you combine a simple system with the meter. I have used the meter on 5min, 10min and 30min charts with success. Some trades last a ...

scalping/curency meter

9am Monday Morning... — Damn, that 5pm EST does become 9am Monday morning for me here in OZ. I gotta go to work so I will unfortunately miss the lesson on trading gaps. I hope you post everything with great detail so I can look at it once I ...

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It all depends how you take your profit I guess.

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5am? or 5pm? Oh now I am confused. I know I converted it wrong and should have writen 9pm Sunday here in Australia but that probably isn't right is it? I don't think the markets are open that time. Jim, can you add AM or PM to your time...

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Thanks — Well writen Jim. I don't understand why people are in a rush when this method on a 30min chart gives so many setups. If I've converted the time right and 5EST Sunday is 21:00 Monday night here in Australia then I'll be here.

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It's not a trade I would take, but, what you should do is tell why you think that you should take the trade then Jim or someone else could help you with your analysis of the trade.

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I had no IB on EJ so no trade for me. No real trend either at that time. And UJ was a short setup but it would break right into the pivot so I'd pass on that too. Is that how you saw them Jim?

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Although I agree with what you've writen and the trade is not going too well if you did enter, I still kind of like the look of this trade (usdcad). The MA is still pointing down and it just bounced off the MA and looks like it should bounce down to ...

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AUDUSD — IB on AudUsd. About a 45 pip s/l and Stock turning and ATR about 38. Just about bounced off MA so it kind of looks good for a short.

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Oblo, Either you or I have the wrong MA settting....and I don't think it is me.

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30min time frame is about the lowest time frame I want to trade. I have traded using 5min charts with 1min for entries and up and that is basically how I know this system is good for me. I look every half an hour between things and if there is a ...

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USDCAD — I just reazed usdcad had an IB for a short trade. It was not the greatest looking IB because it was almost an equal bottom but on my chart it is an IB. Could get a great late entry I guess for less risk.

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Half profit taken for 36pips and rest to BE. A very nice trade with basically no drawdown.

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USDCHF — IB on UsdChf. Short trade setup with ATR on 31 and stock coming down. About a 50pip stop but none the less it looks to be a good short trade.

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Fair enough.

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EJ had a nice IB but I wouldn't trade it short because it is against the trend. I also wouldn't trade long as it is into a Daily R1 Pivot.

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30min trend is down.

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Does it matter that it is against the trend on UsdChf?

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Even if you just mention the IB is there, that'd be good enough for now. Or just do as I'm doing sometimes, give your thoughts and see what others think, especially H1H1.

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EJ — There is some strength coming into it so I guess it could work out, but it's not for me...

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