Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 80 | Forex Factory

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

  • #1,581
  • Oct 11, 2007 5:02am Oct 11, 2007 5:02am
Quoting kjp678
Hi All
I tend to stick to the GBP/USd to trade, see redline on screenshot. All seemed to be going up
& then indicators seemed to reverse, had the same thing earlier on the 5min chart Sl blew out on 25 pips whereas if my SL was 27 would have lasted.

see what you think.

regards

kevinhttp://www.forexfactory.com/C:%5CPro...mt11.10.07.gif
chart is not loaded, attach it again
  • #1,582
  • Oct 11, 2007 5:11am Oct 11, 2007 5:11am
Don,t know where the chart went?

kevin
  • #1,583
  • Oct 11, 2007 5:15am Oct 11, 2007 5:15am
http://www.forexfactory.com/C:%5CPro...mt11.10.07.gifsorry...how do you attach a chart?

kevin
  • #1,584
  • Oct 11, 2007 5:19am Oct 11, 2007 5:19am
nice strategy you have. any clue if there is an EA to test?
Trading for a living!
  • #1,585
  • Oct 11, 2007 5:33am Oct 11, 2007 5:33am
I think its attached!

kevin

I started on the first red line going long...40mins later going the other way!

kevin
Attached Image (click to enlarge)
Click to Enlarge Name: 11.25gmt11.10.07.gif Size: 21 KB
  • #1,586
  • Oct 11, 2007 5:36am Oct 11, 2007 5:36am
hi
good system
plz give an EA for test
  • #1,587
  • Oct 11, 2007 6:02am Oct 11, 2007 6:02am
Quoting kjp678
I think its attached!

kevin

I started on the first red line going long...40mins later going the other way!

kevin
Kevin
you took the opposite trade, whereas as per the chart u had to take short, see my markings i made and the direction of the Laguerre and stochs
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 24 KB
  • #1,588
  • Oct 11, 2007 6:12am Oct 11, 2007 6:12am
I am short from 239.35 - Target is S1 at 238.48
1min to 15 min charts are bearish, price is below daily pivot
  • #1,589
  • Oct 11, 2007 6:38am Oct 11, 2007 6:38am
Quoting fss side
Hey Diva did you just take that trade when the red lag came above the .15
Yes, with a very small micro mini lot.
Fx Diva
  • #1,590
  • Oct 11, 2007 6:42am Oct 11, 2007 6:42am
Why are you short?
I did not see that any lag showed me short

I think your short already wiped out

Quoting imransait
I am short from 239.35 - Target is S1 at 238.48
1min to 15 min charts are bearish, price is below daily pivot
  • #1,591
  • Oct 11, 2007 6:46am Oct 11, 2007 6:46am
Quoting stace
Why are you short?
I did not see that any lag showed me short

I think your short already wiped out
yes, i forgot that news is due in 1 hr and votality is high, Sl was hit am out now till news time
  • #1,592
  • Oct 11, 2007 6:54am Oct 11, 2007 6:54am
Quoting imransait
yes, i forgot that news is due in 1 hr and votality is high, Sl was hit am out now till news time
imran,i thought that u mentioned before that no trades 30mins before and after news,but it seem that u had entered this trade way before that period,so why no entry? and i thought only key news like FOMC,NFP will affect the system,the rest should be alright,isnt it? otherwise ther are tons of news everyday,would it means that no trades at all!! pls clarify,thanks
  • #1,593
  • Oct 11, 2007 6:55am Oct 11, 2007 6:55am
signal ?
Attached Image (click to enlarge)
Click to Enlarge Name: signal_eur-usd.gif Size: 15 KB
  • #1,594
  • Oct 11, 2007 6:57am Oct 11, 2007 6:57am
Quoting imransait
yes, i forgot that news is due in 1 hr and votality is high, Sl was hit am out now till news time
Yes, but News goes on all day.
How do I know from the Calendar what news is going to affect trading ??
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,595
  • Oct 11, 2007 7:08am Oct 11, 2007 7:08am
Quoting felipeds
signal ?
I have different s&r levels to the above charts which are correct
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 32 KB
  • #1,596
  • Oct 11, 2007 7:08am Oct 11, 2007 7:08am
Quoting fxking
imran,i thought that u mentioned before that no trades 30mins before and after news,but it seem that u had entered this trade way before that period,so why no entry? and i thought only key news like FOMC,NFP will affect the system,the rest should be alright,isnt it? otherwise ther are tons of news everyday,would it means that no trades at all!! pls clarify,thanks
market is ranging and USD is being bashed across the board and its one of the important news coming out today...so i did not want to risk too much..thats all...30 mins before is still what i think is good time to stop trading
  • #1,597
  • Oct 11, 2007 7:10am Oct 11, 2007 7:10am
Quoting matrixebiz
Yes, but News goes on all day.
How do I know from the Calendar what news is going to affect trading ??
Thanks
check out forexfactory home page for news, the ones marked in red are the ones to avoid trading
  • #1,598
  • Oct 11, 2007 7:13am Oct 11, 2007 7:13am
Quoting imransait
check out forexfactory home page for news, the ones marked in red are the ones to avoid trading
Ok, are the times on there GMT times? Seems to be my current EST time
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,599
  • Oct 11, 2007 7:16am Oct 11, 2007 7:16am
Quoting imransait
check out forexfactory home page for news, the ones marked in red are the ones to avoid trading
i see your points imran,so that means its only the news that are marked red that we have to be wary of,the rest(yellow and orange) should be of no concern and we can trade as usual,right?:
  • #1,600
  • Oct 11, 2007 7:20am Oct 11, 2007 7:20am
Looks like another red at, I guess my time,;
5:45pm NZD Retail Sales m/m http://www.forexfactory.com/images/m...mpact_high.gif
0.4% 0.0%

I'm not trading NZD, should I still stay away from trading?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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