Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 4 | Forex Factory

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Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait

  • #61
  • Sep 28, 2007 12:10am Sep 28, 2007 12:10am
Quoting imransait
with the 1 min scalping method, u can expect to catch more then 300+ pips in a day if u trade only the london and us session or any 2 sessions
thanks for sharing your system imransait,i have a few questions.Do u take trades only along the main trend or both? besides 1min,do u use or see other time frames as well? do u trade other pairs as well and whats the result? when u mentioned trading any 2 sessions,do we have to avoid news realeasing time? thanks so much?
  • #62
  • Sep 28, 2007 12:22am Sep 28, 2007 12:22am
Quoting fxking
thanks for sharing your system imransait,i have a few questions.Do u take trades only along the main trend or both? besides 1min,do u use or see other time frames as well? do u trade other pairs as well and whats the result? when u mentioned trading any 2 sessions,do we have to avoid news realeasing time? thanks so much?
hi fxking, i appreciate you asking me questions, this is the only way we can learn and make this more solid
1. we take trades as per the indicator, offcourse more pips are there in the direction of the trend, but in a trend also there are ups and downs, so we get to catch all of them
2. the same setup can be used on other timeframes, i have tried it successfully from 1 min to 1 hr ( i am not so patient to wait for 4hrs or more)
3. 2 sessions means any 2 active ones like e.h london and us ( the bigger moves happen during this sessions )
4. reg news, i avoid during news as whipsaws will be bad for ur a/c, so 30 mins before and 30 mins after is recommeded
  • #63
  • Sep 28, 2007 12:42am Sep 28, 2007 12:42am
Quoting imransait
hi fxking, i appreciate you asking me questions, this is the only way we can learn and make this more solid
1. we take trades as per the indicator, offcourse more pips are there in the direction of the trend, but in a trend also there are ups and downs, so we get to catch all of them
2. the same setup can be used on other timeframes, i have tried it successfully from 1 min to 1 hr ( i am not so patient to wait for 4hrs or more)
3. 2 sessions means any 2 active ones like e.h london and us ( the bigger moves happen during this sessions )
4. reg news, i avoid during news as whipsaws will be bad for ur a/c, so 30 mins before and 30 mins after is recommeded
thanks for your reply.do u trade other pairs as well? what abt using this system on NFP? thanks
  • #64
  • Edited 12:49am Sep 28, 2007 12:42am | Edited 12:49am
40+ pip move down
Attached Image (click to enlarge)
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  • #65
  • Sep 28, 2007 12:43am Sep 28, 2007 12:43am
Quoting fxking
thanks for your reply.do u trade other pairs as well? what abt using this system on NFP? thanks
right now am testing this only on g/jpy but have demo tested this on all pairs and it works fine
NFP not done yet, this time will be first when i do it.
  • #66
  • Sep 28, 2007 12:47am Sep 28, 2007 12:47am
Quoting imransait
right now am testing this only on g/jpy but have demo tested this on all pairs and it works fine
NFP not done yet, this time will be first when i do it.
whats the worst drawdown u had experienced? it seem that u have a v.good high successful system.do u use any filters?
  • #67
  • Sep 28, 2007 12:51am Sep 28, 2007 12:51am
Quoting fxking
whats the worst drawdown u had experienced? it seem that u have a v.good high successful system.do u use any filters?
worst drawdown yet to happen , touchwood
max i have lost in a trade using this is 15 pips
  • #68
  • Sep 28, 2007 12:56am Sep 28, 2007 12:56am
Quoting imransait
worst drawdown yet to happen , touchwood
max i have lost in a trade using this is 15 pips
do u use other filters to filter off bad trades? do u see other time frames as well? your trendlines are drawn based on 4hrs chart??
  • #69
  • Sep 28, 2007 1:01am Sep 28, 2007 1:01am
Quoting fxking
do u use other filters to filter off bad trades? do u see other time frames as well? your trendlines are drawn based on 4hrs chart??
i used to use stochs, but then stuck to this only one..the EMA 200 and 60 are what i use to filter out bad trades, i do see 5min time frame when am using 1 min to trade
i dont have trendlines, those are daily pivot, support and resistance lines
  • #70
  • Sep 28, 2007 1:43am Sep 28, 2007 1:43am
Quoting imransait
worst drawdown yet to happen , touchwood
max i have lost in a trade using this is 15 pips
based on what decisions/factors before u decided to make a loss of 15pips for this trade? :
  • #71
  • Sep 28, 2007 1:48am Sep 28, 2007 1:48am
Quoting fxking
based on what decisions/factors before u decided to make a loss of 15pips for this trade? :
whenever i take a trade, i always keep my SL 15 pips , incase the tide turns against me, i dont loose much, where as if it moves 30 pips in my favour, i lock in 15 and ride the rest with a trailing stop pip by pip
  • #72
  • Sep 28, 2007 1:50am Sep 28, 2007 1:50am
Quoting imransait
whenever i take a trade, i always keep my SL 15 pips , incase the tide turns against me, i dont loose much, where as if it moves 30 pips in my favour, i lock in 15 and ride the rest with a trailing stop pip by pip
thanks
  • #73
  • Sep 28, 2007 2:05am Sep 28, 2007 2:05am
here it is for today
price will retrace to 233.40 before resuming its downtrend and first level of support is at 50% of fib at 232.16 ( which BTW is the montly Pivot) next at 231.59 which is also 38.2 of fib ( close to the weekly pivot)
one last piece of info, i see it going down to 229 area next week maybe by tuesday or monday
the indicator is showing a downtrend and its pretty accurate
Attached Image (click to enlarge)
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  • #74
  • Sep 28, 2007 2:14am Sep 28, 2007 2:14am
Hello,guys
WHere do I get Lagueree - Gamma 0.6 for TS?? plus our spread and RT commision can be tough scalping like Imran,,,whats yr thoughts on ones trading on TS or similar conditions?
  • #75
  • Sep 28, 2007 2:16am Sep 28, 2007 2:16am
Imran,
Very interested in your method.

What program is the .tpl file ?
And which broker do you use, or at least what are your typical spreads ?

Thanks
  • #76
  • Sep 28, 2007 2:25am Sep 28, 2007 2:25am
Quoting neilzep
Hello,guys
WHere do I get Lagueree - Gamma 0.6 for TS?? plus our spread and RT commision can be tough scalping like Imran,,,whats yr thoughts on ones trading on TS or similar conditions?
u can go to the indicator properties and change the input
u can always shift to 5min chart or 15 min chart, results are same
  • #77
  • Sep 28, 2007 2:27am Sep 28, 2007 2:27am
Quoting price
Imran,
Very interested in your method.

What program is the .tpl file ?
And which broker do you use, or at least what are your typical spreads ?

Thanks
the .tpl is in mt4 format , i use northfinance mt4 for charts and use MBT/Efxz for trading ( 1-3 pip spread on g/jpy) so helps in scalping fast
  • #78
  • Sep 28, 2007 2:57am Sep 28, 2007 2:57am
another good trade entry..once it went past 0.15 @ 233.00, took the long trade and tp at 233.25 , now reversed the trade for a short
Attached Image (click to enlarge)
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  • #79
  • Sep 28, 2007 3:07am Sep 28, 2007 3:07am
Quoting imransait
40+ pip move down
i just saw that u added another level[0.9] in the indicator.
wat is for? Wat higher TF do u check to determine the trend?
should i exit wen laguerre reaches the top or wen it wanna reverse fo a new signal.
thanks
  • #80
  • Sep 28, 2007 3:07am Sep 28, 2007 3:07am
guys
going to prayers now, see u all in 2 hrs..till then do study and give ur feedback on this method so we can make it more better
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