Dislikedpardon me while I make the required 15 forum posts so that I can pm Imransait...Ignored
..happily that worked pm is sent and we'll see what the reply is.
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
Dislikedpardon me while I make the required 15 forum posts so that I can pm Imransait...Ignored
DislikedMACD and Stoch Histogram are both different things.
When you see the MACD, Stoch going to positive and if Bollinger band and EMA's are showing u downtrend, then you should look at what the price action is like whether price has been on a downtrend for long duration , what Pivot levels are close byIgnored
Dislikedonce am trading 5min can i take off my attention away frm 1min and concentrate on 5 and 15min only.
if yes,
it means once the trde is confirmed in both the higher tf
1 min cant go against themIgnored
Dislikedif you are getting confused by 2 lags..then use only one lag and stoch for entry...change the lag gamma to 0.70, use stochs and thats all...enter when lag goes down below 0.85 and stoch goes to negative, and when lag goes above 0.15 and stoch goes to positiveIgnored
DislikedImran, thank you - some further questions:
As per what you have said, if 3 conditions were me could the first trade be taken and then have the 60 and 200 as support levels and see if the price bounces or goes through? My feeling for this is because there was a gap of about 25 pips between possible entry and 60ma level.the set up among the 3 indicators was ideal and clear - just that it would give few pips.http://www.forexfactory.com/images/icons/icon7.gifIgnored
DislikedThe first trade would have not been taken , because of the ema as they were flat
The second trade was good setup, the 60 ema was curving downIgnored
Dislikedi like that one lagof 0.70 and histgramme as you suggestaed in your poste thread but pls what of the exit formulae.
tnxIgnored
Dislikedpls ans one of my own ques too
i kno what it takes to be trading and be keeping my foolish ques ans
but just plssssssss
i like that one lagof 0.70 and histgramme as you suggestaed in your poste thread but pls what of the exit formulae.
tnxIgnored
DislikedThese two judgments also bother me.
1st trade, I saw 60 EMA was climbing with angel not flat.
2nd trade, I saw 60 EMA was a little UP not curving down, we may measure it by reference the horizontal dotted grid line and looks like climbing away from the grid.
Would you please tell me how did you made difference view to mine?
That is my major problem. Although the rules are clear as its words, but my signal always difference from you guy. I am upset at this time because my forward testing is 90% losses. I am thinking about reverse all of my trades to win....
I believe this purely is my fault, but I don't know how to fix it. I try to follow PDF rules only (v1.2), and made sure that would fail (at least in this week). Then, I try to collect all filter/exception/skill from this thread, but found that if I apply all additional advices from A to Z, I will get no trade per day (I monitor 8 pairs).
I think the major problem is most expert has some basic common sense which I don't know yet. Since these are common sense, they may not mention it to others because they thought everybody should know it.
I did not argue anyone and very appreciate everyone who contributed their knowledge. I just like to find everything (which I did not know) to play this strategy and success.Ignored
Dislikedif this indicator is an integral part of the system then this has to be available in order to build the EA.Ignored
Dislikedpls ans one of my own ques too
i kno what it takes to be trading and be keeping my foolish ques ans
but just plssssssss
i like that one lagof 0.70 and histgramme as you suggestaed in your poste thread but pls what of the exit formulae.
tnxIgnored
Dislikedyou also go to higher TF even 4H and look it the market sentiment,fundamentals etc and pick only the best trades even if it only comes once or twice in a day,but those the once which makes your account grow!one more thing ,trading is not a science its an art,so be patient and practice a lot.Ignored
DislikedI agree with you about patient and art. I think the hardest part to me is market sentiment. I have looked higher TF as you say, but I made the swing/trending judgment too late in most time and even cannot identify correct S/R level/bounce/breakout by myself (I use MT4 to generate S/R for me). It looks like no mechanical method to improve my feeling.Ignored