Simple's Green Room

[simplegreen]

I know what you mean Richard...sometimes a strategy is hard to describe..with trading every trade is different or so it seems.Just like this morning on GBP/USD...the sucker fell through a lot of major support so the way I've been playing it involved some temporary losing positions because with that much pip movement I throw out watching the EMA(62) and Tunnel and work it strictly by multi time frame EMA(400).Will try to explain if I can...I was trading it at the 5 minute EMA(400) and as it bounced around there I scalped it for a quite a few pips but then it finally fell through...when it lost the 5 min 400 I moved to a 15 minute and started work again...if finally broke below that also so I moved to the 30 min EMA(400) and thats where I really cashed in...took 42 pips on the bounce involving the bullish reversal candle there on the 30 minute.
Am out of all now but having an excellent day scalping and best I can tell at this point it appears to be about 400 pips total trading Cable..been a wild ride but I think thats about right....this has been an exceptional day for me and thats roughly how I trade overbought/oversold conditions beginning with 5 min charts.