Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 119 | Forex Factory

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

  • #2,361
  • Oct 19, 2007 7:11am Oct 19, 2007 7:11am
just got here...wheres the action?
  • #2,362
  • Oct 19, 2007 7:13am Oct 19, 2007 7:13am
Quoting fx_ninja
just got here...wheres the action?
action in all pairs, the DOW sank and is sinking..watch the charts, bro
  • #2,363
  • Oct 19, 2007 7:21am Oct 19, 2007 7:21am
Quoting imransait
attached is the a/jpy chart, seems to work good on the method, i may have same SL and TP of atleast 60-70 pips for this pair on the 5min chart

Irman,

This probably won't be my last time, but I just want to thank you again, so much for introducing us all to this bottomless gold mine!

I had no idea price action could be this predictable.

Happy pipping forever!
Fx Diva
  • #2,364
  • Oct 19, 2007 7:23am Oct 19, 2007 7:23am
hello guys

i just wanted to say thanks to all of you for all this participation and special thanks to Miran.

I want to add something i found in this system. When all indicators giving signals for a trade sometime it goes against that. Here comes there is no one system can be 100%.

Well very important point i found and this is only i checked on GBP/USD when ever both lags stoch histogram indicate a signal if the candle crosses 60ema any direction you will have more then 95% successful trade. well this will be late entry but sure positive entry.

Please comments and correct me if i am wrong but any entry which will be beyond 60ema with all this setup more likely profit able.

regards to all
member
  • #2,365
  • Oct 19, 2007 7:28am Oct 19, 2007 7:28am
Quoting imransait
attached chart for ur reference
I verified in the graph, you is using which configurations for the MT4 Level Stop? He is not 9, 2.5 and 0?
  • #2,366
  • Oct 19, 2007 7:29am Oct 19, 2007 7:29am
This is interesting. Today, I got this crazy idea of plotting Fib levels to the stoch histogram. Using 23.6, 38.2, 50. Maybe this can be used as an entry or exit at one of these levels to confirm? Experiment with this crazy idea.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy#4.gif Size: 22 KB
  • #2,367
  • Oct 19, 2007 7:38am Oct 19, 2007 7:38am
Quoting fxdiva
Irman,

This probably won't be my last time, but I just want to thank you again, so much for introducing us all to this bottomless gold mine!

I had no idea price action could be this predictable.

Happy pipping forever!
well, neither did i know about this bottomless gold mine, till i interacted with you guys and learnt a lot from your queries and went further deep to make this method more powerful, i should thank you all instead. I am sure as a group , we can really do more then 1000 pips a day...thats my vision and goal to trade 8 currencies and make that much a day
  • #2,368
  • Oct 19, 2007 7:39am Oct 19, 2007 7:39am
Quoting PipCop
This is interesting. Today, I got this crazy idea of plotting Fib levels to the stoch histogram. Using 23.6, 38.2, 50. Maybe this can be used as an entry or exit at one of these levels to confirm? Experiment with this crazy idea.
ur one hell of a guy, love the ideas u bring in
will experiment and see
  • #2,369
  • Oct 19, 2007 7:42am Oct 19, 2007 7:42am
Quoting felipeds
I verified in the graph, you is using which configurations for the MT4 Level Stop? He is not 9, 2.5 and 0?
i keep trying many combinations to find one which is good..even if u use the default settings, it works good..so its ok
  • #2,370
  • Oct 19, 2007 7:44am Oct 19, 2007 7:44am
Quoting fxdiva
Irman,

This probably won't be my last time, but I just want to thank you again, so much for introducing us all to this bottomless gold mine!

I had no idea price action could be this predictable.

Happy pipping forever!
I just want this System work for a long period.

Exist some systems that work for just a few months..

This is a good one i hope! Thanks to Irman!

Letīs study hard to make 90%

Numeral
  • #2,371
  • Oct 19, 2007 7:47am Oct 19, 2007 7:47am
Quoting imransait
well, neither did i know about this bottomless gold mine, till i interacted with you guys and learnt a lot from your queries and went further deep to make this method more powerful, i should thank you all instead. I am sure as a group , we can really do more then 1000 pips a day...thats my vision and goal to trade 8 currencies and make that much a day
As I said before, I like the way you think!
Fx Diva
  • #2,372
  • Oct 19, 2007 7:48am Oct 19, 2007 7:48am
Quoting Numeral
I just want this System work for a long period.

Exist some systems that work for just a few months..

This is a good one i hope! Thanks to Irman!

Letīs study hard to make 90%

Numeral
if you follow rules and do not trade during news and when bollinger bands are narrow, then we can make this system 100% unless a 9/11 happens or tsunami
  • #2,373
  • Oct 19, 2007 7:50am Oct 19, 2007 7:50am
Quoting imransait
good chart setup, signals are very clear
if you take both the long and short, the total would have been +500

indeed, I just wanted to remain a bit modest....
  • #2,374
  • Oct 19, 2007 7:50am Oct 19, 2007 7:50am
here is when all 4 signals..all lags, the stoch, and the reverse level stop are in agreement, this trade cannot go against u
Attached Image (click to enlarge)
Click to Enlarge Name: histo.gif Size: 29 KB
  • #2,375
  • Oct 19, 2007 7:55am Oct 19, 2007 7:55am
nice system...
gain more than +30 pips today
  • #2,376
  • Oct 19, 2007 7:58am Oct 19, 2007 7:58am
Quoting felipeds
AUD/JPY is good cross to operate?
how it behaves with the system of Imran?
it's a good cross to operate, at 15 mins it behaves very well with Imran's system. Below that timeframe, due to the sometimes high and erratic volatility, I don't like to trade it.
Due to the high interest rate differences, I try to go long where possible, in order to cash in the interest rate as well. (I place my orders at Oanda, they calculate interest rate differentials to the minute/second as long as you keep a position, even if only intra-day)
This doesn't mean I don't short this cross, volatility is high enough to make it worthwile. The carry-trade considerations come into play when I'm not quite sure what's going to happen. In these situations I tend to go along with possible longs quicker than with possible shorts.

good trading
Ohka
  • #2,377
  • Oct 19, 2007 8:01am Oct 19, 2007 8:01am
but i still confuse when to exit???

i use lag gamma 0.85,0.15,0.45 and 0.85 level to exit

any body can help me???

i'm a new fx trader,thanx
  • #2,378
  • Edited 8:06am Oct 19, 2007 8:02am | Edited 8:06am
very nice! the stoch histogram - i should use the default settings right?

ok, i see...


Quoting imransait
here is when all 4 signals..all lags, the stoch, and the reverse level stop are in agreement, this trade cannot go against u
  • #2,379
  • Oct 19, 2007 8:04am Oct 19, 2007 8:04am
Quoting bogel
but i still confuse when to exit???

i use lag gamma 0.85,0.15,0.45 and 0.85 level to exit

any body can help me???

i'm a new fx trader,thanx
bogel

exit for short when the reg lag i.e gamma 0.85 , comes below 0.0 and then turns up to 0.15

exit for long when reg lag i.e gamma 0.85 goes to 1.0 and turn down to 0.85
  • #2,380
  • Oct 19, 2007 8:06am Oct 19, 2007 8:06am
Quoting fx_ninja
very nice! the stoch histogram - i should use the default settings right?
yes, default settings
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