Seems like everyone is enjoying IMRAN bro's system.
Good luck all.
Happy Earning!
Good luck all.
Happy Earning!
Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies
RE-Imran Sait Method 6 replies
EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies
Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies
How to make my own "Imran Sait" Indicators? What do they mean? 4 replies
DislikedOk, I wanted to make a proposal to the seasoned/successful traders of this method. I think most of us have a fairly good idea of how to use the indicators Imran has layed out (and then the ones added later by other traders), however, there are several other things to look for that's included in just about any method of trading, as pointed out several times before. Maybe some of you guys/gals could give us a quick rundown of what all you look for and how it applies to this method - right when you first glance at the chart (e.g. price in relation to certain indicators, candlesticks, etc). It seems some traders might have an understanding of certain fundamental techniques of technical trading, but get a little confused or lost sometimes when trying to apply them to different methods. It might help some us get on the right track and probably become less discouraged when something doesn't go the way we thought.
Just a thought anyway. I know I'm curious how some of you 'Simple Method' veterans or even general Forex veterans handle this system from start to finish beyond using just the core indicators. I know a lot of us would really appreciate it.Ignored
DislikedOk, I wanted to make a proposal to the seasoned/successful traders of this method. I think most of us have a fairly good idea of how to use the indicators Imran has layed out (and then the ones added later by other traders), however, there are several other things to look for that's included in just about any method of trading, as pointed out several times before. Maybe some of you guys/gals could give us a quick rundown of what all you look for and how it applies to this method - right when you first glance at the chart (e.g. price in relation to certain indicators, candlesticks, etc). It seems some traders might have an understanding of certain fundamental techniques of technical trading, but get a little confused or lost sometimes when trying to apply them to different methods. It might help some us get on the right track and probably become less discouraged when something doesn't go the way we thought.
Just a thought anyway. I know I'm curious how some of you 'Simple Method' veterans or even general Forex veterans handle this system from start to finish beyond using just the core indicators. I know a lot of us would really appreciate it.Ignored
DislikedImran / Chandra and everyone else.
On the attached chart:
A : for: all ind, lags are set up for a short
against: ct trade - 60 above 200 and both rising
about 80pip move from entry level
C : for: all ind, lags are set up for a short
against: ct trade - 60 above 200 and both rising, BB pointing up
about 60 pip move
B & D : for: all ind, lags are set up for a long, 60 above 200 and pointing up
against: BB maybe pointing down
My question here is I do not know how to deal with the trade B and D lags move, we have the blue crossing above 0.15 and moving up, at the same time we have the red lags coming down - yellow oval areas, so what do these conditions say, can we enter or wait for the to start turning and point upwards? Which of the two - red/blue is stronger to follow.
I remember Imran saying to follow blue for entry and red for exits. As seen from this scenario, the prices kept moving up and forced the red to follow.
Chandra you seem to have agood hold on this method and your input will be very much appreciated.Ignored
DislikedI'm having trouble downloading the Laguerre and MACD Tradional. Anyone having problems? In the MetaEditor it shows an "EX4". Thanks, BrandonIgnored
DislikedImran / Chandra and everyone else.
On the attached chart:
A : for: all ind, lags are set up for a short
against: ct trade - 60 above 200 and both rising
about 80pip move from entry level
C : for: all ind, lags are set up for a short
against: ct trade - 60 above 200 and both rising, BB pointing up
about 60 pip move
B & D : for: all ind, lags are set up for a long, 60 above 200 and pointing up
against: BB maybe pointing down
My question here is I do not know how to deal with the trade B and D lags move, we have the blue crossing above 0.15 and moving up, at the same time we have the red lags coming down - yellow oval areas, so what do these conditions say, can we enter or wait for the to start turning and point upwards? Which of the two - red/blue is stronger to follow.
I remember Imran saying to follow blue for entry and red for exits. As seen from this scenario, the prices kept moving up and forced the red to follow.
Chandra you seem to have agood hold on this method and your input will be very much appreciated.Ignored
DislikedHi me4x,
Trade A is a Sharp Reversal and generally better to keep away. Though one with knowledge of divergence and candle patterns, could have done very well, that is not part of this method. This is high risk point because the trend could have resumed and gone up fast. At this point it was not clear whether it is Trending or Ranging.
The rest of the market is Ranging. Though trade C is OK with red and blue agreeing on down move, it is within a choppy range. Trades B and D also come within this Ranging time. In Ranging market, you can scalp using only blue lag and tight/proper SL. But, there can be a major move anytime and it can be against us. So, it would be best to leave all these, unless you are experienced.
I think this chart does not have any Simple setup for trading.
Generally though, Red lag is good to follow in Trending market and Blue is good for Wide Ranging market. If the Ranging is small, we cannot make anything but loss. What is wide/small range depends on one's experience!
Regards,
chandraIgnored
Dislikedhello Chandra,
is it possible on your horizontal breakout alert,to get the alert when an ema crosses the horizontal line.
thank you and regards
kingcrabIgnored