Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 81 | Forex Factory

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

  • #1,601
  • Oct 11, 2007 7:35am Oct 11, 2007 7:35am
Is it easier for someone to make and Email alert EA until the actual Autotrade EA is created?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,602
  • Oct 11, 2007 7:41am Oct 11, 2007 7:41am
Diva I am beginning to think that I may wait for the red lag to come up above .15 or below .85 before trading. I am attaching a chart where all of these looked like good trades to me but none of them have turned out very well. What do you guys think. I didn't take these trades and I am not bashing the system. Just looking to clarify.

Either that or the 1 min chart is going to allow you to make better entries. I am going to get this figured out. LOL
Attached Image (click to enlarge)
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  • #1,603
  • Oct 11, 2007 7:46am Oct 11, 2007 7:46am
Same lines on the one minute chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euppy.gif Size: 18 KB
  • #1,604
  • Oct 11, 2007 7:48am Oct 11, 2007 7:48am
How did you get those vertical lines on the chart?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,605
  • Oct 11, 2007 7:51am Oct 11, 2007 7:51am
Quoting matrixebiz
How did you get those vertical lines on the chart?
I drew them in. On your toolbar there is a vertical line if you press it you can put a vertical line anywhere you want.
  • #1,606
  • Oct 11, 2007 7:57am Oct 11, 2007 7:57am
Quoting fss side
I drew them in. On your toolbar there is a vertical line if you press it you can put a vertical line anywhere you want.
How do you get the pivot points and daily S/R on your charts?

Thanks
  • #1,607
  • Oct 11, 2007 7:58am Oct 11, 2007 7:58am
Quoting RVD
How do you get the pivot points and daily S/R on your charts?

Thanks
In the very first post there is an auto pivot indicator
  • #1,608
  • Oct 11, 2007 7:59am Oct 11, 2007 7:59am
Quoting imransait
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
Hi Imran
No I did take the red laguerre still going up, obviously a bad move!

kevin
  • #1,609
  • Oct 11, 2007 8:04am Oct 11, 2007 8:04am
Quoting fss side
In the very first post there is an auto pivot indicator
Thanks
  • #1,610
  • Edited 8:06am Oct 11, 2007 8:05am | Edited 8:06am
RE: Fss Side post # 1602

this chart...market is in a STRONG move UP = just play long side. all short signals will be counter trend until the trend ends.

for those w/ lots of experience and GOOD profit from the uptrend - they MIGHT trade selected short side signals at KEY levels ONLY for short side scalping to PROTECT their long position. Otherwise, just hold the long.


Quoting fss side
Diva I am beginning to think that I may wait for the red lag to come up above .15 or below .85 before trading. I am attaching a chart where all of these looked like good trades to me but none of them have turned out very well. What do you guys think. I didn't take these trades and I am not bashing the system. Just looking to clarify.

Either that or the 1 min chart is going to allow you to make better entries. I am going to get this figured out. LOL
  • #1,611
  • Oct 11, 2007 8:09am Oct 11, 2007 8:09am
Quoting fss side
Diva I am beginning to think that I may wait for the red lag to come up above .15 or below .85 before trading. I am attaching a chart where all of these looked like good trades to me but none of them have turned out very well. What do you guys think. I didn't take these trades and I am not bashing the system. Just looking to clarify.

Either that or the 1 min chart is going to allow you to make better entries. I am going to get this figured out. LOL
The trend was up , thats why the red lag never came down below 0.85 , you should have also watched the 15m chart if u were doing trade on the 5min to see the trend and take trade with the trend.

if you are looking to short the market when it should be long, you will not get any trades worthwhile in the 5min, 1 min is better if u want to go counter trend
  • #1,612
  • Oct 11, 2007 8:12am Oct 11, 2007 8:12am
Quoting fx_ninja
RE: Fss Side post # 1602

this chart...market is in a STRONG move UP = just play long side. all short signals will be counter trend until the trend ends.

for those w/ lots of experience and GOOD profit from the uptrend - they MIGHT trade selected short side signals at KEY levels ONLY for short side scalping to PROTECT their long position. Otherwise, just hold the long.
Thanks for the reply ninja. A few of those shorts were right around the daily r2 so it was kind of difficult.
  • #1,613
  • Oct 11, 2007 8:13am Oct 11, 2007 8:13am
Quoting imransait
The trend was up , thats why the red lag never came down below 0.85 , you should have also watched the 15m chart if u were doing trade on the 5min to see the trend and take trade with the trend.

if you are looking to short the market when it should be long, you will not get any trades worthwhile in the 5min, 1 min is better if u want to go counter trend
Yeah I believe you are correct on this.
  • #1,614
  • Oct 11, 2007 8:14am Oct 11, 2007 8:14am
Damn, I have to watch three charts for every currency, 1, 5 and 15, wooh
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,615
  • Oct 11, 2007 8:15am Oct 11, 2007 8:15am
Quoting thunderwolf
Hi Diva,

Glad you caught that entry. I got in too at 239.10 and closed half my position at 239.34 for a 24 pip profit and the second half was closed by my trailing stop at 239.37 for a 27 pip profit so I'm happy with that result. Hope you're doing well with your trade too! ....T-Wolf
Yes, I got in a got out at around 20 pips, so I could get some sleep.

My job is really interferring with my trading :
Fx Diva
  • #1,616
  • Oct 11, 2007 8:18am Oct 11, 2007 8:18am
nice work!
  • #1,617
  • Oct 11, 2007 8:20am Oct 11, 2007 8:20am
Quoting fss side
Diva I am beginning to think that I may wait for the red lag to come up above .15 or below .85 before trading. I am attaching a chart where all of these looked like good trades to me but none of them have turned out very well. What do you guys think. I didn't take these trades and I am not bashing the system. Just looking to clarify.

Either that or the 1 min chart is going to allow you to make better entries. I am going to get this figured out. LOL
That's pretty much what I've been doing . . . and using the Lag-2 to exit.

Can't believe the market is still crawling this morning.
Fx Diva
  • #1,618
  • Oct 11, 2007 8:26am Oct 11, 2007 8:26am
Guys should we just wait after a strong uptrend for the red lag to break the .85 mark pretty convicingly?
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  • #1,619
  • Oct 11, 2007 8:28am Oct 11, 2007 8:28am
Quoting fxdiva
That's pretty much what I've been doing . . . and using the Lag-2 to exit.

Can't believe the market is still crawling this morning.
Are you using Lag-2 for entries and exits??
  • #1,620
  • Oct 11, 2007 8:29am Oct 11, 2007 8:29am
Quoting fxdiva
Yes, I got in a got out at around 20 pips, so I could get some sleep.

My job is really interferring with my trading :
Quit the job and become a forex trader full time, sis
you are really talented and can do wonders
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