Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 144 | Forex Factory

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

  • #2,861
  • Oct 23, 2007 5:49am Oct 23, 2007 5:49am
Quoting lkthomas
let's wish it will be reach 200EMA again!
no wishes...check what the charts and indicators are telling..
  • #2,862
  • Oct 23, 2007 5:52am Oct 23, 2007 5:52am
Quoting imransait
no wishes...check what the charts and indicators are telling..

I know it will retest EMA200, but it seems wouldn't happen shortly
  • #2,863
  • Oct 23, 2007 5:58am Oct 23, 2007 5:58am
Imran, I seem to remember you mentioning that these indicators work on comodities and precious metals particularly gold, do any off the setings need to be adjusted for gold at all?
  • #2,864
  • Oct 23, 2007 6:00am Oct 23, 2007 6:00am
Quoting rocwell
Herbert H

One other thing. when using the alert version, i find that i have to keep coming in and out of the time frame i am using as after a time it stops updating itself. Any idea why that might be or could it be that the alert has been corrupted in my pc?
Indicators will not easily corrupt.
Personally, I have not noticed this behavior while using the Alert version.

Load the original Laguerre on the same screen for a while and observe if its behaving the same in time on your screen.

Cheers
Herbert
  • #2,865
  • Oct 23, 2007 6:03am Oct 23, 2007 6:03am
Quoting rocwell
Imran, I seem to remember you mentioning that these indicators work on comodities and precious metals particularly gold, do any off the setings need to be adjusted for gold at all?
no, the same settings work on gold also
  • #2,866
  • Oct 23, 2007 6:26am Oct 23, 2007 6:26am
I am at page 3 of this thread....however i took my first trade using the system and my tp of 40 pips is hitted. Wow....this is the first time that this happen to me.

Here is my chart of the trade:

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB


The redline is where i took my long.

Since I have not gone thru' the entire thread, would be glad if someone can comment on this trade. And whether my chart is set up correctly?

Thank You,
  • #2,867
  • Oct 23, 2007 6:32am Oct 23, 2007 6:32am
Quoting imransait
here it is
Imran, your Laguerre display settings are not correct either.
Automatic scaling makes the laguerre incorrectly show it's at the bottom, while your screenshot shows value 0.3xx as being the lowest current vallue.

Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator and see what I mean.

Cheers
Attached Image
  • #2,868
  • Oct 23, 2007 6:35am Oct 23, 2007 6:35am
Hi arhemsi

I dont think i would have taken the trade but it looks good that you did!

i would have been concerned by the uncertainty displayed by the lag 2 so this has been a good piece of education for me.

congrats!
  • #2,869
  • Oct 23, 2007 6:37am Oct 23, 2007 6:37am
Quoting HerbertH
Imran, your Laguerre display settings are not correct either.
Automatic scaling makes the laguerre incorrectly show it's at the bottom, while your screenshot shows value 0.3xx as being the lowest current vallue.

Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator and see what I mean.

Cheers
ok, will check it, but without enabling it i have used since past 5 months and have had no problems with trade,so will demo it and see
  • #2,870
  • Oct 23, 2007 6:39am Oct 23, 2007 6:39am
Quoting arhemsi
I am at page 3 of this thread....however i took my first trade using the system and my tp of 40 pips is hitted. Wow....this is the first time that this happen to me.

Here is my chart of the trade:

Attachment

The redline is where i took my long.

Since I have not gone thru' the entire thread, would be glad if someone can comment on this trade. And whether my chart is set up correctly?

Thank You,
it was a good scalp...if u were only using the blue for entry and exit, this time you were lucky..coz the price just zoomed once it went from 234, next time be careful
  • #2,871
  • Oct 23, 2007 6:40am Oct 23, 2007 6:40am
Has been some time before visiting the site here. i see the are some stoch indicators added and also other .
maby a good idea to put the different indicators on a special place with some
explanation for the users
  • #2,872
  • Oct 23, 2007 6:41am Oct 23, 2007 6:41am
Quoting HerbertH
Imran, your Laguerre display settings are not correct either.
Automatic scaling makes the laguerre incorrectly show it's at the bottom, while your screenshot shows value 0.3xx as being the lowest current vallue.

Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator and see what I mean.

Cheers
Now I understand why - when pulling both Lag's in a single window - the threshold levels for both Lag's didn't line up. Thanks a lot Herbert !

Ohka
  • #2,873
  • Oct 23, 2007 6:46am Oct 23, 2007 6:46am
Quoting crossover
Has been some time before visiting the site here. i see the are some stoch indicators added and also other .
maby a good idea to put the different indicators on a special place with some
explanation for the users
check my signature..indicators and charts are on those post
  • #2,874
  • Oct 23, 2007 6:50am Oct 23, 2007 6:50am
Guys
please make these changes to your lag settings , its very important and can help in being in trade longer and to enter soon

LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.15, 0.85,0.45 bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color red

For the Lags Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator
  • #2,875
  • Oct 23, 2007 6:51am Oct 23, 2007 6:51am
usd/chf a vaild entry?
Attached Image (click to enlarge)
Click to Enlarge Name: valid enttry usd chf.gif Size: 18 KB
member
  • #2,876
  • Oct 23, 2007 6:53am Oct 23, 2007 6:53am
Quoting bigmanin
usd/chf a vaild entry?
yes, price has touched the EMA and bouncing, lags are turning and stoch is down too
  • #2,877
  • Oct 23, 2007 6:55am Oct 23, 2007 6:55am
Quoting imransait
Guys
please make these changes to your lag settings , its very important and can help in being in trade longer and to enter soon

LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.15, 0.85,0.45 bars to read 9500 color green
LaGuerre 2 ( for exits ) - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color red

For the Lags Enable Fixed maximum (~1.05) and fixed minimum (~-0.05) on in the Common tab of the Laguerre indicator

Imran,

somewhere along the road, you changed the levels to 0.9 and 0.1 - which would be in keeping with your above statement about trading longer and entering sooner. Are you indeed reverting back to 0.85 and 0.15 now?

Best wishes
Ohka
  • #2,878
  • Oct 23, 2007 6:57am Oct 23, 2007 6:57am
Quoting imransait
ok, will check it, but without enabling it i have used since past 5 months and have had no problems with trade,so will demo it and see
Hmm, using it for a long period does not mean that it cannot be wrong or cannot be improved....

This automtic scaling will only interfere when there is no 0 Low and 1 High in the near vicinity which also needs being displayed.
If you would go back to the picture I showed you, and zoom out on that you will see that the inidicator will "lift" the bottom of the Laguerre.

For your convenience I have attached the example of zooming out.
Look what it does with the bottom of the line.

Hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Lag2-1.GIF Size: 61 KB
Click to Enlarge Name: Lag2-2.GIF Size: 63 KB
  • #2,879
  • Oct 23, 2007 7:06am Oct 23, 2007 7:06am
Hi Herbert H

I attach a screen shot using lag alert

could you compare with yous and adviser as to whether they are correct?

Thanks

Rocwell
Attached Image (click to enlarge)
Click to Enlarge Name: xy.jpg Size: 204 KB
  • #2,880
  • Oct 23, 2007 7:09am Oct 23, 2007 7:09am
usd/chf went short 1.1740 out now 1.1712 sweet28 on real account.
When all indicators in agreement and trend is in favour you got 95% sure.

i can not say on GBP/YEN but GBP/USD USD/CHF EUR/USD are good for me.
follow the rules and bundle pips every day.
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