Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 98 | Forex Factory

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

  • #1,941
  • Oct 16, 2007 2:53am Oct 16, 2007 2:53am
I don't put GBP/JPY in relation with other pairs, I just assume it's alone.
  • #1,942
  • Oct 16, 2007 2:53am Oct 16, 2007 2:53am
Quoting lkthomas
fxking, this system using 5mins to project half day trend;

imransait is using 15mins to project 2-3days trend which is amazing
its amazing!!! care to share more abt your 15mins plan too imran? anyway u have done v.well too lkthomas 110pips ,me only 20pips....
  • #1,943
  • Oct 16, 2007 2:57am Oct 16, 2007 2:57am
just take a look couple of post before, I did post a chart and you did read it, that's how I win this round, but you don't believe it's going down, haha
  • #1,944
  • Oct 16, 2007 3:01am Oct 16, 2007 3:01am
Quoting lkthomas
I don't put GBP/JPY in relation with other pairs, I just assume it's alone.
so far have u tried on other pairs? do u look at usd/jpy when u trade gbp/jpy(not at all)? thanks:
  • #1,945
  • Oct 16, 2007 3:04am Oct 16, 2007 3:04am
Quoting lkthomas
just take a look couple of post before, I did post a chart and you did read it, that's how I win this round, but you don't believe it's going down, haha
well,its not that i dont believe that down trend will come but didnt expect to come so fast and so "BIG",its becos of that stupid gbp/usd that affects my judgement,arrrg....
  • #1,946
  • Oct 16, 2007 3:08am Oct 16, 2007 3:08am
Quoting lkthomas
just take a look couple of post before, I did post a chart and you did read it, that's how I win this round, but you don't believe it's going down, haha
i guess i am still v.inexperienced using imran's system,how long have u been using imran's system? hows the success rates? do u only trade gbp/jpy?
  • #1,947
  • Oct 16, 2007 3:16am Oct 16, 2007 3:16am
Quoting fxking
so far have u tried on other pairs? do u look at usd/jpy when u trade gbp/jpy(not at all)? thanks:

I only trade GBP/JPY as the movement are so fast and quick
  • #1,948
  • Oct 16, 2007 3:17am Oct 16, 2007 3:17am
Quoting fxking
i guess i am still v.inexperienced using imran's system,how long have u been using imran's system? hows the success rates? do u only trade gbp/jpy?


I have been using this system for around 1month, I did some lost before, and now I know when to enter the trade.
  • #1,949
  • Oct 16, 2007 3:20am Oct 16, 2007 3:20am
imransait, do you stop trading after gain 100pips+ ? according to my experience, if you got 100pips and continue to enter the market, you will end up losing as the market is on consolidation.
  • #1,950
  • Oct 16, 2007 3:23am Oct 16, 2007 3:23am
Quoting lkthomas
I have been using this system for around 1month, I did some lost before, and now I know when to enter the trade.
wow! impressive! do u trade only using imran's suggested indicators?
  • #1,951
  • Oct 16, 2007 3:25am Oct 16, 2007 3:25am
Quoting lkthomas
imransait, do you stop trading after gain 100pips+ ? according to my experience, if you got 100pips and continue to enter the market, you will end up losing as the market is on consolidation.
yeap,what makes u decide if u wanna keep your profits till 200++pips or enter another position and ride it down??
  • #1,952
  • Oct 16, 2007 3:26am Oct 16, 2007 3:26am
yes, of course, I do have some experience to draw trend line, that's what imran didn't teach us at all.
  • #1,953
  • Oct 16, 2007 3:32am Oct 16, 2007 3:32am
my style is that enter as early bird or don't take the trade, retracement could happen anytime if you enter middle of the trend. What I want to point out is that according to my experience, max only one trade per day or you will lost from other position even the first one is the winning trade.
  • #1,954
  • Oct 16, 2007 3:34am Oct 16, 2007 3:34am
oh well, didn't notice there have a news for GBP 3mins ago, hmmm, I think I am going to try GBP/USD after 30mins
  • #1,955
  • Oct 16, 2007 3:46am Oct 16, 2007 3:46am
GBP/USD seems going to be heavy down trend until it reach daily S2, but 4hours later USA got some critical news which might make GBP/USD reversal. Experience tells me that it might stall and doing sideway movement until USA news coming up, I wouldn't enter market like that.
  • #1,956
  • Oct 16, 2007 3:51am Oct 16, 2007 3:51am
Quoting lkthomas
fxking, this system using 5mins to project half day trend;

imransait is using 15mins to project 2-3days trend which is amazing
Hi Fxking

usually i use only 5min , but was tempted to take this long term trade as the red lag was showing good bearish signs and my risk was only 50 pips , so it worked out well...even if i had taken the 5min, i could have made atleast 100+ pips easy.
  • #1,957
  • Oct 16, 2007 3:53am Oct 16, 2007 3:53am
Quoting lkthomas
yes, of course, I do have some experience to draw trend line, that's what imran didn't teach us at all.
lol...i dont use trendlines but its seems a good way. i trust the laguerre and the pivots more
  • #1,958
  • Oct 16, 2007 3:54am Oct 16, 2007 3:54am
Quoting fxking
yeap,what makes u decide if u wanna keep your profits till 200++pips or enter another position and ride it down??
the red lag my dear friend..on the 15 m chart...once it starts to come down or go up..a 200 + profit is assured
  • #1,959
  • Oct 16, 2007 3:56am Oct 16, 2007 3:56am
Question..

Is this a possible trade scenario?

Lag 2 - Flat below 0.1..

Lag 1 - Was flat and has now retraced above .45 and below .90 and is pointing south again..

Is this a common retracement pattern? And a viable trade entry?

I guess the attached chart of th gbpjpy is as close as I am trying to illustrate right now? With confirmed red arrow, maybe I have answered my own questions, just would like your opinion?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy.gif Size: 17 KB
  • #1,960
  • Oct 16, 2007 3:59am Oct 16, 2007 3:59am
Quoting imransait
the red lag my dear friend..on the 15 m chart...once it starts to come down or go up..a 200 + profit is assured
a master indeed!! a class of its own,i need to practise more and maybe......i will reach your standard too(when,i wonder??)
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