Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 138 | Forex Factory

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

  • #2,741
  • Oct 22, 2007 10:42am Oct 22, 2007 10:42am
guys..here is the long term chart...i am targetting the 23.6 fib of the recent high and low. I hope that this target is achieved this week if stocks keep falling till friday
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 22 KB
  • #2,742
  • Oct 22, 2007 10:56am Oct 22, 2007 10:56am
Is it just me, or does it look like most pairs are setting up for long trades??? Might not be very big profits since it's countertrend...but who knows. Let me know what you think.
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  • #2,743
  • Oct 22, 2007 10:57am Oct 22, 2007 10:57am
guys and gals.are u so busy making money, no posts on the thread..no analysis..no charts....do post them
  • #2,744
  • Oct 22, 2007 10:57am Oct 22, 2007 10:57am
.
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  • #2,745
  • Oct 22, 2007 10:57am Oct 22, 2007 10:57am
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  • #2,746
  • Oct 22, 2007 10:58am Oct 22, 2007 10:58am
Quoting Tw0eleven
Is it just me, or does it look like most pairs are setting up for long trades??? Might not be very big profits since it's countertrend...but who knows. Let me know what you think.
wait for red lag to cross 0.15 , stochs to go into positive and then take the trade...check on 1min , 5min and 15min..
  • #2,747
  • Oct 22, 2007 11:01am Oct 22, 2007 11:01am
Thanks Imransait...patience is definitely needed. For me however, I have to go to work at my fulltime job, so I won't be trading anymore today. Just wanted to post these charts to possible help others on here look for trade setups.

To everyone looking at these charts, definitely becareful, make sound decisions, use good money management and remember it's countertrend...so don't expect big movements!

Happy Trading!

Quoting imransait
wait for red lag to cross 0.15 , stochs to go into positive and then take the trade...check on 1min , 5min and 15min..
  • #2,748
  • Oct 22, 2007 11:02am Oct 22, 2007 11:02am
Quoting Tw0eleven
Thanks Imransait...patience is definitely needed. For me however, I have to go to work at my fulltime job, so I won't be trading anymore today. Just wanted to post these charts to possible help others on here look for trade setups.

To everyone looking at these charts, definitely becareful, make sound decisions, use good money management and remember it's countertrend...so don't expect big movements!

Happy Trading!
thanks, a lot..good food for thought....
hope u made some nice pips...
  • #2,749
  • Oct 22, 2007 11:31am Oct 22, 2007 11:31am
imransait, are you still opening your short G/J position? looks like it wouldn't go down anymore?
  • #2,750
  • Oct 22, 2007 11:39am Oct 22, 2007 11:39am
Quoting philn
Hi,
Thank you for sharing your excellent strategy, your trades and for taking the time to help us to understand your strategy. I installed both the Laguerre Alert Indicator by Chandra and the LIPSA Indicator with the Laguerre.mq4 in the indicators folder but I’m not seeing any arrows.
Once again thanks for all your help and if there is anyway I can help you just ask
Philn
Hi Philn and tayata2005,

Just place the files in "MT4"\experts\indicators folder and restart MT4. Then you can attach (Insert->Indicators->Custom) and see the arrows...

chandra
  • #2,751
  • Oct 22, 2007 11:49am Oct 22, 2007 11:49am
Quoting achandrasekaran99
Hi Philn and tayata2005,

Just place the files in "MT4"\experts\indicators folder and restart MT4. Then you can attach (Insert->Indicators->Custom) and see the arrows...

chandra
Thanks
Chandra that worked
Philn
  • #2,752
  • Edited 12:46pm Oct 22, 2007 12:06pm | Edited 12:46pm
G/J 5 min chart
red and blue lag signaling, price at 231.50 now over 232.00 in 2 minutes lol Red and blue signaled for at least 2 minutes at 231.50 area.
  • #2,753
  • Oct 22, 2007 12:07pm Oct 22, 2007 12:07pm
att
Attached Image (click to enlarge)
Click to Enlarge Name: e j 007.jpg Size: 168 KB
  • #2,754
  • Oct 22, 2007 12:30pm Oct 22, 2007 12:30pm
The DOW looks like it wants to trade between 13400 and 13700 for the next few days. Market makers need to clean up their sloppy movements. Any thoughts?
  • #2,755
  • Oct 22, 2007 1:05pm Oct 22, 2007 1:05pm
guys..its been really mentally exhaustive...making pips from Asian Session to now..made enough to sustain this whole week without trading...so going off to bed early...see u guys tomm at mid asian session

This is a scalp entry on 1min...only for information
Attached Image (click to enlarge)
Click to Enlarge Name: 1min.gif Size: 30 KB
  • #2,756
  • Oct 22, 2007 1:16pm Oct 22, 2007 1:16pm
Imran,
I have made some notations on the chart. When lag#1 is crossing down and lag#2 is moving upwards are these trades we should avoid. This is the part where I am getting confused, watching these two lags move apart from each other. The conservative approach would be to wait for both lags to be either above the .85 or below the .15 and take our trades in that direction and also verifying the emas and stoch histogram agree.
Thank You
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 22 KB
  • #2,757
  • Oct 22, 2007 1:17pm Oct 22, 2007 1:17pm
Hi All,

I made the following two changes to the ASC alert indicator.
1. The Text Signal colors have been changed to match the default Arrow colors.
2. The default sound file name has been changed to use the common "alert" file.

If anybody had problem with any of these settings, please download again from the original post. The file has been updated.

http://www.forexfactory.com/showthread.php?t=51635

chandra
  • #2,758
  • Oct 22, 2007 1:22pm Oct 22, 2007 1:22pm
yes, bullseye.



Quoting bullseye
Imran,
I have made some notations on the chart. When lag#1 is crossing down and lag#2 is moving upwards are these trades we should avoid. This is the part where I am getting confused, watching these two lags move apart from each other. The conservative approach would be to wait for both lags to be either above the .85 or below the .15 and take our trades in that direction and also verifying the emas and stoch histogram agree.
Thank You
Attached Image (click to enlarge)
Click to Enlarge Name: e j 008 no trade.jpg Size: 147 KB
  • #2,759
  • Oct 22, 2007 1:41pm Oct 22, 2007 1:41pm
Hi everyone,
Is anybody using the 1min chart to trade. I have been using that and the 5min...seems to work pretty good.
Push yourself to your fullest potential!!
  • #2,760
  • Oct 22, 2007 1:58pm Oct 22, 2007 1:58pm
Hi guys

I want share with you two indicators that can very well plot highs and lows.
See attached picture. They can be very helpfull.

Regards,

Val
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy5.gif Size: 27 KB
Attached File(s)
File Type: mq4 cam_H2_H5_Historical.mq4   6 KB | 458 downloads
File Type: mq4 cam_L2_L5_Historical.mq4   6 KB | 483 downloads
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