RE-Imran Sait Method 6 replies
DislikedJust open a trade... But I don't like it since the BB is too squezze so not much room... please comment...Ignored
DislikedI'd be hesitant about opening G/U positions until London had opened on a Monday. No liquidity.Ignored
I see divergences in MACD, Stoch, Lag. But the price has been in a trading range for neaely five hours and BB is still tightening. In such situation, you can enter in either of the two ways (IMHO):
1. You can enter when the price is near upper BB and keep a tight SL. That is highly aggressive/risky entry. Because we are not following the price, instead jumping in early with a prediction, which needs lot more knowledge and analysis.
2. You can wait for the price to make a move. Also, you can follow the red lag in such consolidation times and enter when the red Lag crosses the Level (0.85 here). The entry price will not be as good as the above method (and the SL have to be higher too). But overall that will make a better/safer strategy in the long run and simpler too.
PS: It looks to me that you entered even before any bar closed with Stoch-Histo in red. You have to wait for the bar to close.Ignored
DislikedMACD is very much a lagging indicator and, as such, I don't trust it on short tf's. It is useful for spotting divergence, however.Ignored
This is my first post in this forum and FXFactory.
I friend mentioned this thread and I immediately became very interested. I read the 400 pages which is by itself a way to test anybody’s motivation.
As of today, I am still paper trading and I must say I had mixed experience so far. I will continue my testing so more posts/questions are underway to refine my understanding of the system.
Many thanks to Imran, Chandra, FX_Ninja and all the other great contributors.
Honesty and humbleness from the member of this tread is simply amazing.
While reading this thread I “collected” the posts I considered important as I like to be able to easily find relevant information. I decided to post it here as it may be useful for new starter.
Comments are of course very welcome.
Good trading to all,
DislikedThat depends on how you use it!
There is more than one way to trade with it.
1. If you want it to signal entries faster you can adjust the settings.
2. Instead of trading zero line crosses, trade changes in direction, this is a very fast entry technique.
3. Add a very short term MA of the histogram and trade crosses of that.
4. You can do technical analysis on any indicator. Draw trend lines, look for DT/DB, head and shoulders, etc.
DislikedJust Now, I took Long position at the verical Red line.
Will it be a good trade or just a bad counter trade??Ignored
I have a wonderful time reading through this treads.As i am learning this new technique, i would like to share with everyone here. Feedback would be graeatly appreciate.
1)all signal was present
2)bb and daily become resistance from previous few candles
3)15min TF give a short signal below resistance 60ema
Still a gain now might close halfl profit once it reach today low and let the rest run with BE.
PS : I dont like this trade as BB is narrow and trading just start with low voliatly
DislikedI think it is still too early for a counter trade on such a sharp powerful move. Even though there is a failed down move, it is better to wait. There can be good up move; but that will not follow the method, will fail often in the long run and cost more.
In Imran's document version 1.2 two kinds of setups exist.
For Long : What you need to do is first look if the the LaGuerre 1 ( henceforth called as Lag1 ) is at or above 0.45 and
going upwards , StochHistogram ( Henceforth called as Stoch) is gone from negative to positive and climbing and
LaGuerre 2 ( Henceforth called as Lag2) is at 0.45 or above and trending up .
For Shorts : What you need to do is look if the LaGuerre 1 ( henceforth called as Lag1 ) is at or below 0.45 and going
downards , StochHistogram ( Henceforth called as Stoch) is gone from positive to negative and climbing down and
LaGuerre 2 ( Henceforth called as Lag2) is at 0.45 or below and trending down .
Should the lags' value for the later (short entry) not be .65 instead of .45?
I know TA is not an exact science and .45 and .65 are not such a big difference but I just wanted to check that with you.
Has anybody some % of winning trades using this second entry method ? What is the win/loss ratio and is it better than the first method?
DislikedChandra, thanks for comments.
After went through a channel, look like it was a counter trade. I got +44 pips while the 35 points trailing stop was hit. Could be better if I took my TP close to the strongest resistant 200 EMA to anticipate any PB for the counter trade (as Imran & many senior members often mention in this thread). Now, I took Short at 211.65 (the next vertical red line). Is it a good entry due to following the trend??? So far has +18 pips, but.....anything can happend in this market.