Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 101 | Forex Factory

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

  • #2,001
  • Oct 16, 2007 7:35am Oct 16, 2007 7:35am
Quoting mrpip05
Just wanted to make sure. That would be a trade I wouldn't take. I would wait till lag 1 rise higher and when it begins to fall take a short as long as lag 2 is flat on the bottom. Seems to be happening as we speak.
also news is coming out, so got to keep a watch and enter only after a breakout
  • #2,002
  • Oct 16, 2007 7:42am Oct 16, 2007 7:42am
Quoting imransait
yes, but be careful to lock in pips as u go high. as the overall trend is bearish and if the DOW goes down again today. it may be nasty
Ok Imran, same situation occurs with eur/jpy !!
  • #2,003
  • Oct 16, 2007 7:42am Oct 16, 2007 7:42am
Quoting imransait
also news is coming out, so got to keep a watch and enter only after a breakout
Look at the bottom left corner. Is this news that's coming out
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  • #2,004
  • Oct 16, 2007 8:02am Oct 16, 2007 8:02am
Quoting felipeds
if lag2 to cross up 0.15 is possible buy?

regards,
felipe
Imran, looks at now!
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  • #2,005
  • Oct 16, 2007 8:10am Oct 16, 2007 8:10am
Quoting felipeds
Imran, looks at now!
wait till news, bollinger bands are too congested, better to wait it out
  • #2,006
  • Oct 16, 2007 8:14am Oct 16, 2007 8:14am
Hello Imransait, I am just testing your method which looks very accurate.
nevertheless I have a question concerning entry : do you wait for entering the next bar after lag1 crosses line 0.15 or 0.85; or do you enter at the moment they cross (up or down depending)
Or do you check confirmation with another indicator?
  • #2,007
  • Oct 16, 2007 8:17am Oct 16, 2007 8:17am
Wall Street appeared headed for another tough session Tuesday, as stock futures retreated on comments from Federal Reserve Chairman Ben Bernanke that housing remains a drag on the economy.
  • #2,008
  • Oct 16, 2007 8:18am Oct 16, 2007 8:18am
Quoting frageor
Hello Imransait, I am just testing your method which looks very accurate.
nevertheless I have a question concerning entry : do you wait for entering the next bar after lag1 crosses line 0.15 or 0.85; or do you enter at the moment they cross (up or down depending)
Or do you check confirmation with another indicator?
entry on next bar after the laguerre confirmation
  • #2,009
  • Oct 16, 2007 8:24am Oct 16, 2007 8:24am
Quoting imransait
entry on next bar after the laguerre confirmation
on time frame 5 or 15 min, means at the start of next bar I guess ?
  • #2,010
  • Oct 16, 2007 8:39am Oct 16, 2007 8:39am
Hi Guys
US news and stock market news is not helping usd stablise , so we may see a meltdown happeing in the carry trades, so hold tight, its going to be roller coaster ride
  • #2,011
  • Edited 8:55am Oct 16, 2007 8:43am | Edited 8:55am
i am short from 237.60 , first Tp is 236.35 second TP is 235.70
Sl is 238.10 , if it goes above 238.10, may look at going long
  • #2,012
  • Oct 16, 2007 9:32am Oct 16, 2007 9:32am
Hi Imran,

thank you very much for your work here and god bless you and your family. Someone wrote it, but i can tell also that the world need people like you.

Thank you for your system here. I will post some charts of my trades based on your strategy when i end up with the reading here, now im at post 932, puh... i hope in 1 or 2 days im finished ;-) I really like your system but have to improve my success rate, 90 % would be AWESOME!!! I'm now at 50 %, but i made a lot of mistakes in the beginning. I think the biggest mistake is to trade near the news time or NFP, that are No-go trades.

Anyway i'd like to say all other people who are here a BIG THANK YOU (Fx_ninja, Crossover, Achandra,...)

Keep up the great work

Bye

Eugen
  • #2,013
  • Oct 16, 2007 9:39am Oct 16, 2007 9:39am
Quoting imransait
i am short from 237.60 , first Tp is 236.35 second TP is 235.70
Sl is 238.10 , if it goes above 238.10, may look at going long
hi Imran, tks for your post. I have one question about you SL in this trade (50 pips) since it differs from your method. Did you change the SL in your method or for this particular trade?
  • #2,014
  • Oct 16, 2007 9:42am Oct 16, 2007 9:42am
Quoting argentrad
hi Imran, tks for your post. I have one question about you SL in this trade (50 pips) since it differs from your method. Did you change the SL in your method or for this particular trade?
It was only for this trade based on the highs seen since past 4 hrs and since the trend is bearish, i kept it at 50 pips
  • #2,015
  • Oct 16, 2007 9:52am Oct 16, 2007 9:52am
it is possible to operate for 2-3 days with the system? in M15? targets in as 50-200 pips.

regards. felipe
  • #2,016
  • Oct 16, 2007 9:55am Oct 16, 2007 9:55am
Quoting felipeds
it is possible to operate for 2-3 days with the system? in M15? targets in as 50-200 pips.

regards. felipe
on 15m , u can expect 100-250 pips in 2-3 days time , and if trend is as strong a todays, u can expect 300 pips also
  • #2,017
  • Oct 16, 2007 9:58am Oct 16, 2007 9:58am
you are most welcome. I am happy to help.
Big Thanks to Imran!!

Quoting eugen3000
Hi Imran,

thank you very much for your work here and god bless you and your family. Someone wrote it, but i can tell also that the world need people like you.

Thank you for your system here. I will post some charts of my trades based on your strategy when i end up with the reading here, now im at post 932, puh... i hope in 1 or 2 days im finished ;-) I really like your system but have to improve my success rate, 90 % would be AWESOME!!! I'm now at 50 %, but i made a lot of mistakes in the beginning. I think the biggest mistake is to trade near the news time or NFP, that are No-go trades.

Anyway i'd like to say all other people who are here a BIG THANK YOU (Fx_ninja, Crossover, Achandra,...)

Keep up the great work

Bye

Eugen
  • #2,018
  • Oct 16, 2007 10:25am Oct 16, 2007 10:25am
Hi Imran. On the short trade you took, do your exit targets still hold true?
  • #2,019
  • Oct 16, 2007 10:30am Oct 16, 2007 10:30am
Quoting rocwell
Hi Imran. On the short trade you took, do your exit targets still hold true?
yes, expeciting the first target to be hit today before US close and the next by asian session
  • #2,020
  • Oct 16, 2007 10:45am Oct 16, 2007 10:45am
AM I MISSING ANYTHING ON MY SCREEN? Wanting to make sure I have the correct setup.

I added all the files expect for the tpl file into experts, One file went into templates. IS this correct?

Also I received a buy signal but the lag 2 was not pointing up, was this a false signal or very short scalp?

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