thanks for this method, i really like it. never traded on minute before so this week should be fun
jms
jms
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DislikedHello,
I am lurking here and just wanted to say hello and thank you for sharing your method .
Is it possible to run your indicators in 5 sec OANDA charts?
I am saying this cause I study linuxtroll simple scalping method and we may combine the two methods to make the super duper one.
Thank you
BasilIgnored
Dislikedguys
dont forget to check the updates on # 200 http://www.forexfactory.com/showpost.php?p=1619394&postcount=200Ignored
Dislikedimran,so u r using this modified new system of yours too? do u still use pivot poins on monday since the s/r level r so close to each other? how do u set your target profit level? thanksIgnored
Dislikedattached is the trade i took now 30 mins back based on the first laguere, closed it at +31 pips as i was going to sleep back..so did not want my first trade of the day to close in the red
i would have left it open till the second laguerre dropped to 0.90 which it has not dropped while i am typing this
if it was only the first laguerre. i would have exited this trade with just 20 pips profitIgnored
DislikedGuys, i am not able to edit post 1, so pls find the new rules for entry and exit, do let me know how it went. This filters out the noise in the 1 min entry and exits. Works good on other time frames as well.
Indicators used :
LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.10, 0.90, bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.80, levels 0.10, 0.90 bars to read 9500, color red
and Bollinger bands - 20, 0 and close ( default) ( This is very imp indicator as in uptrend the middle bollinger acts as support and in downtrend it acts
as resistance )
Highly recommended - EMA 200 ( Red ) and EMA 60 (Blue) to find support and resistance
Rules for Entry & Exit
=============
Entry Long : when Laguerre 1 is above 0.10 and pointing up
Exit for Long is when Laguerre 2 goes to top and turns down to 0.90
Entry for Short : when Laguerre 1 is below 0.90 and pointing down
Exit for Shorts is when laguerre 2 goes to 0.0 Level and then turns up above 0.10
TP is when you exit or 25 pips, whichever comes first
SL is 15 Pips from entry at all time
Pls rememeber, if you doing trades on 1min chart, try to always move ur stop loss once u have 5 pip profit, as market moves are very fast in gbp/jpy
so protect your profits at all time. Keep moving your stop loss every 5 pips or set trailing to 5 pips and sit back and relax.
Below are 2 examples , first is the 1 min chart where we have closed our trade and second is the 5 min chart where we would have exited the trade if only the first Laguerre was our only indicator, but by adding the second laguerre , we are enchancing our profits by almost 2 times...wow..this should really be tested by all on Demo or Live accounts and feedback is eagerly awaited.Ignored
DislikedHello,
I am lurking here and just wanted to say hello and thank you for sharing your method .
Is it possible to run your indicators in 5 sec OANDA charts?
I am saying this cause I study linuxtroll simple scalping method and we may combine the two methods to make the super duper one.
Thank you
BasilIgnored
Dislikedattached is the trade i took now 30 mins back based on the first laguere, closed it at +31 pips as i was going to sleep back..so did not want my first trade of the day to close in the red
i would have left it open till the second laguerre dropped to 0.90 which it has not dropped while i am typing this
if it was only the first laguerre. i would have exited this trade with just 20 pips profitIgnored
DislikedGood one, but i would take a trade which aligns with the second Laguerre as if i had taken the earlier Long entry on the first Laguerre, the second Laguerre was showing a downtrend, so to be safe, if both laguerre are in agreement, it will be advisable to take the trade in the direction of the trendIgnored
Dislikedyou did good trade . thank for this example
and some question
base chart you attached , at A point ,will you enter short? if not ,why . if you will , where you to exit.
thanks.Ignored