Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 147 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

RE-Imran Sait Method 6 replies

EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies

Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies

How to make my own "Imran Sait" Indicators? What do they mean? 4 replies

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

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

  • #2,921
  • Oct 23, 2007 10:18am Oct 23, 2007 10:18am
Quoting rocwell
Am also short from 233.15

Looking at price movement at the moment, what do you think the chances are of a return to the bear market moves?
i have moved SL to BE, once it goes +50 pips from my entry with move it to +20 BE and so on..so lock in profits...price can change in seconds
  • #2,922
  • Oct 23, 2007 10:25am Oct 23, 2007 10:25am
Mine was moved to break event at 30+. For some reason i dont have that much faith in this down move!
  • #2,923
  • Oct 23, 2007 10:25am Oct 23, 2007 10:25am
Quoting imransait
thanks, pipchick and welcome to the thread
your views and analysis are always welcome...gives us something to keep in front of us when we take the trades
Youre quite welcome
  • #2,924
  • Oct 23, 2007 10:33am Oct 23, 2007 10:33am
Quoting imransait
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
In both Lags the same fixed minimu and maximum ( 1.05 and 0.05) I asked this because my Red Lag has a different minimum and maximun. Tks again Imran
  • #2,925
  • Oct 23, 2007 10:35am Oct 23, 2007 10:35am
guys
DOW is sitting very close to 200 EMA support on the 4 hr chart
15m chart shows start of a downtrend as per my method, so sit tight..maybe in for a ride down on u/jpy and g/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 26 KB
  • #2,926
  • Oct 23, 2007 10:41am Oct 23, 2007 10:41am
Quoting argentrad
In both Lags the same fixed minimu and maximum ( 1.05 and 0.05) I asked this because my Red Lag has a different minimum and maximun. Tks again Imran
Imran, allow me to answer:

The max. and min. values are approximate, they will make a certain marge on the top and bottom
The Alert indicators have by default min. -0.1 and max. 1.1 programmed.
Experiment a bit, but -0.05 and 1.05 would be good alternate choices to use.
  • #2,927
  • Edited 10:50am Oct 23, 2007 10:48am | Edited 10:50am
Quoting imransait
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
Hi All,

If you want to avoid this problem, please download the laguerre.ex4 from my thread. Whoever downloaded this will not have problem, because it was made like this from the first time. It has the Maximum/Minimum (1 and 0, because that is the range the Laguerre oscillates) already coded. No need to remember to adjust each chart or everytime you attach it. Similary my Laguerre2 or Laguerre2A also will not have this problem (use the paper clip sign on the top near post pages to find these or any other attachments).

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

Thanks Herbert for clarifying a major confusion among users.

chandra
  • #2,928
  • Oct 23, 2007 10:50am Oct 23, 2007 10:50am
Quoting achandrasekaran99
Hi All,

If you want to avoid this problem, please download the laguerre.ex4 from my thread. Whoever downloaded this will not have problem, because it was made like this from the first time. It has the Maximum/Minimum (1 and 0, because that is the range the Laguerre oscillates) already coded. No need to remember to adjust each chart or everytime you attach it. Similary my Laguerre2 or Laguerre2A also will not have this problem (use the paper clip sign on the top near post pages to find these or any other attachments).

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

Thanks Herbert for clarifying a major confusion among users.

chandra
tks Herbert and Chandra
  • #2,929
  • Oct 23, 2007 10:51am Oct 23, 2007 10:51am
Imran, shouldn't we be going long? In the previous posts I see wait for the short but this means that we are ignoring the lags...am I right?
Please confirm the thinking of this actions.
Thank you.
  • #2,930
  • Oct 23, 2007 10:56am Oct 23, 2007 10:56am
Quoting poulis1
Imran, shouldn't we be going long? In the previous posts I see wait for the short but this means that we are ignoring the lags...am I right?
Please confirm the thinking of this actions.
Thank you.
i meant to wait for shorts if the lags are in agreement, we only follow the rules of the lags and pivots. When price has reached this much high without any retracement, it is always safe to go shorts as the power to go high is not there. Going long will be risking , thats why better to wait for lags to confirm a downmove , But if there is a long trade on the 5min, then it can be taken if all 2 lags and stoch confirm it
  • #2,931
  • Oct 23, 2007 10:59am Oct 23, 2007 10:59am
At least the 4h candle also screams reversal. Maybe price will go down in the next couple of hours.
  • #2,932
  • Oct 23, 2007 11:01am Oct 23, 2007 11:01am
Hello,

Question for Herbert I guess. I've attach the MT4 levelstopreverse alert indic and can't get the pop up alert display on my screen.
UseAlertPopup and sound are set to true but no display alerting me.
I have the arrows on the charts.
Also when I change my time frame I have a long "string" of sound alert (I guess all the previous one in a row) and only at that time the popup window appears on my screen.
Any idea what I did wrong and how to fix it ?
Thanks

AL
AL
  • #2,933
  • Oct 23, 2007 11:15am Oct 23, 2007 11:15am
Quoting imransait
guys
DOW is sitting very close to 200 EMA support on the 4 hr chart
15m chart shows start of a downtrend as per my method, so sit tight..maybe in for a ride down on u/jpy and g/jpy
hi imran,

how do you have a live quote on DJI on your mT4??? mine only shows the pairs.
  • #2,934
  • Oct 23, 2007 11:22am Oct 23, 2007 11:22am
Quoting Ann
hi imran,

how do you have a live quote on DJI on your mT4??? mine only shows the pairs.
check ur email , sent how to get it..maybe ur broker may not have that feed..mine is northfinance
  • #2,935
  • Oct 23, 2007 11:31am Oct 23, 2007 11:31am
Quoting Sailingalbob
Hello,

Question for Herbert I guess. I've attach the MT4 levelstopreverse alert indic and can't get the pop up alert display on my screen.
UseAlertPopup and sound are set to true but no display alerting me.
I have the arrows on the charts.
Also when I change my time frame I have a long "string" of sound alert (I guess all the previous one in a row) and only at that time the popup window appears on my screen.
Any idea what I did wrong and how to fix it ?
Thanks

AL
Please use the attached fixed version
Feedback is appreciated.
Attached File(s)
File Type: mq4 MT4-LevelStop-Reverse-vB0-4_Alert.mq4   12 KB | 515 downloads
  • #2,936
  • Oct 23, 2007 11:33am Oct 23, 2007 11:33am
Quoting imransait
check ur email , sent how to get it..maybe ur broker may not have that feed..mine is northfinance
Would you send me that email too, please?


Happy pipping,
Fx Diva
  • #2,937
  • Oct 23, 2007 11:43am Oct 23, 2007 11:43am
imransait, one thing I don't understand is that why are you switching time frame to read if the price is close to EMA? don't you just read one time frame only? Thanks.
  • #2,938
  • Oct 23, 2007 11:57am Oct 23, 2007 11:57am
Quoting lkthomas
imransait, one thing I don't understand is that why are you switching time frame to read if the price is close to EMA? don't you just read one time frame only? Thanks.
higher timeframes so i can know if its time to take profits as higher timeframe emas tend to be strong support/resistance..so to be on safer side...
  • #2,939
  • Oct 23, 2007 12:05pm Oct 23, 2007 12:05pm
Hi Imran,

Are we still looking short. Last candle on 1 hr tf closed below 100sma.

Thanks
  • #2,940
  • Oct 23, 2007 12:18pm Oct 23, 2007 12:18pm
Quoting imransait
higher timeframes so i can know if its time to take profits as higher timeframe emas tend to be strong support/resistance..so to be on safer side...
hi Imran,
1. according with your experience and if you have to choose only 4 hrs for trading, which hours do you prefer?
2. how many trades did you enter today ? at waht time did you start trading today?
tks
6 traders viewing now