Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 148 | Forex Factory

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

  • #2,941
  • Oct 23, 2007 12:22pm Oct 23, 2007 12:22pm
Quoting grkbear
Hi Imran,

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

Thanks
yes, looking short and waiting for signal from 5min chart, 15 means looks bearish and 1min also...so holding on..no trade unless signal is clear
  • #2,942
  • Oct 23, 2007 12:24pm Oct 23, 2007 12:24pm
Quoting argentrad
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
1. start 1 hr before london opens and 2hrs after it opens and 1 hr before London close...best for getting good pips

2. i usually take somewhere between 8-10 trades - and i start 1hr before London opens and till US Close
  • #2,943
  • Oct 23, 2007 12:28pm Oct 23, 2007 12:28pm
Quoting imransait
yes, looking short and waiting for signal from 5min chart, 15 means looks bearish and 1min also...so holding on..no trade unless signal is clear

Thanks
  • #2,944
  • Oct 23, 2007 12:32pm Oct 23, 2007 12:32pm
Hi imransait, awsome system

Can I ask, why you didnt short at the recent signal around 234.80?

See picture, thank you again buddy..

PC

Quoting imransait
yes, looking short and waiting for signal from 5min chart, 15 means looks bearish and 1min also...so holding on..no trade unless signal is clear
Attached Image (click to enlarge)
Click to Enlarge Name: pic.JPG Size: 156 KB
Less is more...
  • #2,945
  • Oct 23, 2007 12:32pm Oct 23, 2007 12:32pm
Quoting imransait
1. start 1 hr before london opens and 2hrs after it opens and 1 hr before London close...best for getting good pips

2. i usually take somewhere between 8-10 trades - and i start 1hr before London opens and till US Close
in which time frame are you trading when you say that you usually take betwenn 8-10 trades?are you talking abiout 5" basically?
tks for the previous responses.
  • #2,946
  • Oct 23, 2007 12:36pm Oct 23, 2007 12:36pm
Quoting pipcruiser
Hi imransait, awsome system

Can I ask, why you didnt short at the recent signal around 234.80?

See picture, thank you again buddy..

PC
very simple, the second lag was not in agreement with our entry, so this is a no trade
  • #2,947
  • Oct 23, 2007 12:38pm Oct 23, 2007 12:38pm
Quoting argentrad
in which time frame are you trading when you say that you usually take betwenn 8-10 trades?are you talking abiout 5" basically?
tks for the previous responses.
i take on the 1 min and 5 min...majority are on the 5min..1 min is basically when its ranging
  • #2,948
  • Oct 23, 2007 12:40pm Oct 23, 2007 12:40pm
Thank's

Quoting imransait
very simple, the second lag was not in agreement with our entry, so this is a no trade
Less is more...
  • #2,949
  • Oct 23, 2007 12:44pm Oct 23, 2007 12:44pm
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
How are you able to get a chart of the DOW on your Metatrader platform? Which one are you using? I also trade with EFX and have to use a secondary charting platform (FXDD), but can only get Forex quotes. Also, do your EFX prices match up with you're charting platform? Mine are always off. Thanks.
  • #2,950
  • Oct 23, 2007 12:45pm Oct 23, 2007 12:45pm
Quoting imransait
check ur email , sent how to get it..maybe ur broker may not have that feed..mine is northfinance
thank you, sir!
  • #2,951
  • Oct 23, 2007 12:49pm Oct 23, 2007 12:49pm
Buy signal on 15 min chart, just need histogram. OOps its a sell signal sorry
  • #2,952
  • Oct 23, 2007 12:58pm Oct 23, 2007 12:58pm
Quoting FXNorm
Buy signal on 15 min chart, just need histogram should switch around 235.00
Do you mean Sell signal
  • #2,953
  • Oct 23, 2007 12:58pm Oct 23, 2007 12:58pm
Quoting scottymoll
How are you able to get a chart of the DOW on your Metatrader platform? Which one are you using? I also trade with EFX and have to use a secondary charting platform (FXDD), but can only get Forex quotes. Also, do your EFX prices match up with you're charting platform? Mine are always off. Thanks.
i use northfinance..prices are not same as efx..but its ok..as long as charts are avail...
  • #2,954
  • Oct 23, 2007 1:04pm Oct 23, 2007 1:04pm
thnx Grkbear I corrected my post, soory bout that. putting my mouth in gear before my brain
  • #2,955
  • Oct 23, 2007 1:09pm Oct 23, 2007 1:09pm
Quoting FXNorm
thnx Grkbear I corrected my post, soory bout that. putting my mouth in gear before my brain
No problem. The candle has not closed yet, if you are still following it, the signal has been taken back. You need to wait for the candle to close otherwise it can go back on you.
  • #2,956
  • Oct 23, 2007 1:18pm Oct 23, 2007 1:18pm
Thanks Herbert,

I just dowloaded it and for sure will give you some feedback.

As far as I can see now I don't have anymore this long "string" of alerts when I change TF. Let's wait the first signal.

Do you advise to keep ATR Mode set as default or 9 1.9 0 as I can see on some of Imran charts?

AL
AL
  • #2,957
  • Oct 23, 2007 1:37pm Oct 23, 2007 1:37pm
Quoting imransait
1. start 1 hr before london opens and 2hrs after it opens and 1 hr before London close...best for getting good pips

2. i usually take somewhere between 8-10 trades - and i start 1hr before London opens and till US Close
Are you sure you took 10 trades today? I have actually made a gain today and got about 2 losses. All other entry signals are not clear/confirmed. I considered the Fibonacci and Pivots too.
Trading Just Got Easier...
  • #2,958
  • Oct 23, 2007 1:47pm Oct 23, 2007 1:47pm
Quoting walesoje1
Are you sure you took 10 trades today? I have actually made a gain today and got about 2 losses. All other entry signals are not clear/confirmed. I considered the Fibonacci and Pivots too.
yes, today actually 12 trades , most of them on 1 min..5 trades on the 5 min since asian session
one is active now...short taken from 235.25 targeting the daily S1 234.55
  • #2,959
  • Oct 23, 2007 1:49pm Oct 23, 2007 1:49pm
Looks like the red lag isn't convinced yet that this is a top on 5 min chart. histogram either
  • #2,960
  • Oct 23, 2007 2:09pm Oct 23, 2007 2:09pm
Quoting walesoje1
Are you sure you took 10 trades today? I have actually made a gain today and got about 2 losses. All other entry signals are not clear/confirmed. I considered the Fibonacci and Pivots too.
I have taken five trades today all in profit using 1m and 5m chart. I am also currently in a short position.
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