5min Forex Trade Strategy – Imran Sait
Version 1.2 – updated on 16th Nov 2007
( Works on All Time Frames and for all Pairs - Best used on 5Min/15min/ for short term Trades and
30min/1Hr/4hr/daily for Long term Trades )
I am trading in GBP/JPY and other currencies using this Simple method for quite sometime now and its proven to be
successful 90% of the times, the only times it has failed is when a spike up or down during news time, so I discourage
anyone to stop using this 30 mins prior and after the news to escape from the whipsaws.
This method should work good on all pairs, but due to the high votality and movement, I love to work on GBP/JPY pair,
gives very high Risk to Reward Ratio. For pairs apart from GBP/JPY, you may need to experiment with the TP and SL a
The most Important part in making this method a success is to stick to the rules at all times and get into the trade when u
have the indicators giving you the signal. Please study the rules properly and do not enter into trades just for the sake of
entering, even waiting for the correct signal itself and staying out itself is a trade in itself. If you stick to the rules of entry,
I assure you your winning rate will be as high as 90%
I personally feel this works best from 7:00 GMT to about 20:00 GMT.
I have added the Pivot indicator as its very helpful to find the expected levels of support and resistance without too much
of headache. As a thumb rule, you should look to Long the Currency if the price is above the Pivot Line and Short it if the
price is below the Pivot Line. I will be explaining it more as we take this forward.
I am not going to explain in details about what all the indicators are , what are pivots , what are support and resistance,
for that please visit www.babypips.com an excellent resource for learning about Forex.
NOT FOR SALE
This ebook is not currently for sale nor will/has it ever been for sale. This ebook is completely free for redistribution
Indicators in use ( Metatrader