Dear newt.

I have given setup in post 1, it is simple 5min chart. and same setup works on 1Min Chart also..when market is moving fast you can check 1min chart. main thing is observing UP and down pattern. which i have posted in post 8 if you just observe that pattern. that is enough.
explanation of pattern is...when price goes above sma50 (5min chart) it suddenly drop and touch sma50 and then rebound from sma50(red color) and goes up..this gives indication as price want to move up. and warning for short pos. only trade clear pattern.. ensure next sma600 is sufficient away to give sufficient pips.. each sma is important in this setup..if you just observe this setup for some day..you can easly unserstand price dynamic how price moves in between these SMA. If all sma come togather within 20 to 30pips then there is strong breakout ahead.

I trade this setup with main currency..JPY EUR, GBP USD & CHF
for this currency i trade USD/JPY, EUR/JPY, GBP/JPY, EUR/USD USD/CHF,GBP/USD, I Observed this currency forms good pattern which i mention. if you find ay other pair which is good to trade with this pl share.
also if you obsere any other paterns the pl share.
main thing is.. understanding price sentiment which is reflected on chart as price action. there are times when price is news driven and price do not follow any setup ..but after that momuntum gets cool price follow setup.
what i observed on this setup is.. many times sma600 and sma2400 act as good support and resistance.


Best Regards
Ramdas