Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 149 | Forex Factory

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

  • #2,961
  • Oct 23, 2007 2:20pm Oct 23, 2007 2:20pm
Quoting imransait
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
what do you think about the BB? are they curently very narrow to enter a trade?
  • #2,962
  • Oct 23, 2007 2:21pm Oct 23, 2007 2:21pm
Quoting argentrad
what do you think about the BB? are they curently very narrow to enter a trade?
it would be very helpful if you could post the charts of your trades in this day
  • #2,963
  • Oct 23, 2007 2:26pm Oct 23, 2007 2:26pm
Quoting argentrad
what do you think about the BB? are they curently very narrow to enter a trade?
breakout will happen to downside, it has no power to go up, it needs ammo to go up..this may go down till 233 area and then bounce back in asian session

i have been posting whatever charts i have saved, cant post all charts as i would be in trades..
  • #2,964
  • Oct 23, 2007 2:29pm Oct 23, 2007 2:29pm
Thanks Imran for the link, the correlation between both charts are amazing.
  • #2,965
  • Oct 23, 2007 2:31pm Oct 23, 2007 2:31pm
Quoting imransait
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


I think so many things are wrong with me and times to take trade. Imran, can you kindly post the times at which the trades are entered and the criteria used for trade entry.

You said you were currently on short but according to the Fibo it's going long and just touched the 50.0 and maybe it will retrace.

Kindly post as soon as possible.

Thank You.
Trading Just Got Easier...
  • #2,966
  • Oct 23, 2007 2:33pm Oct 23, 2007 2:33pm
235.60-80 has strong resistances, so going short with a SL above 236 will be a good trade for atleast 150 pips..take at ur discretion
  • #2,967
  • Oct 23, 2007 2:34pm Oct 23, 2007 2:34pm
Quoting Sailingalbob
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
Sorry Al, but I'm not using it personally. Maybe Imran can confirm these settings
Cheers
  • #2,968
  • Oct 23, 2007 2:35pm Oct 23, 2007 2:35pm
looks like the breakout is to the upside!
  • #2,969
  • Oct 23, 2007 2:36pm Oct 23, 2007 2:36pm
Quoting walesoje1
I think so many things are wrong with me and times to take trade. Imran, can you kindly post the times at which the trades are entered and the criteria used for trade entry.

You said you were currently on short but according to the Fibo it's going long and just touched the 50.0 and maybe it will retrace.

Kindly post as soon as possible.

Thank You.
my stop is currently at 235.85 as i feel that 235.60-75 area cant be overtaken, and has strong resistances, my TP is now at 234 as i feel the bounce down will be strong

i will try to post the timings of my trades from tomm, i may not post all trades as some are scalpings ones on 1 min
  • #2,970
  • Oct 23, 2007 2:37pm Oct 23, 2007 2:37pm
Quoting rocwell
looks like the breakout is to the upside!
thats a false break...it will start to retrace once DOW is closed
  • #2,971
  • Oct 23, 2007 2:38pm Oct 23, 2007 2:38pm
Hi Wales,

several trades have had the 2 lags in agreement and also the histogram. Just keep watching and it will become clear very quickly.when all 3 are in agreement the trades today have been 100% winners.
  • #2,972
  • Edited 2:56pm Oct 23, 2007 2:51pm | Edited 2:56pm
Quoting FXNorm
Hi Wales,

several trades have had the 2 lags in agreement and also the histogram. Just keep watching and it will become clear very quickly.when all 3 are in agreement the trades today have been 100% winners.


Hello FXNorm, can you just post the times when these LAGs agree?

Can you also post charts please? I need them for references.

I also want to know how the lags agree too.
Trading Just Got Easier...
  • #2,973
  • Oct 23, 2007 3:04pm Oct 23, 2007 3:04pm
Hi Wales, I wasn't writing the times down when the triggers were hit. I'm all new to the forums and haven't figured out marking charts and posting them yet. I'm sure there will be plenty of charts posted in the future and there have been many charts posted in the past, and they are quite clear. Just hang in there, someone will be posting new charts soon.
  • #2,974
  • Oct 23, 2007 3:09pm Oct 23, 2007 3:09pm
Quoting FXNorm
Hi Wales, I wasn't writing the times down when the triggers were hit. I'm all new to the forums and haven't figured out marking charts and posting them yet. I'm sure there will be plenty of charts posted in the future and there have been many charts posted in the past, and they are quite clear. Just hang in there, someone will be posting new charts soon.

How does both Lags agree before you enter trades? Must both Lags be coming down with the Stochastic Histogram before you enter a trade or how does both Lags agree? The entry rule set forth by Imran in post # 1 is not clear enough.
Trading Just Got Easier...
  • #2,975
  • Oct 23, 2007 3:17pm Oct 23, 2007 3:17pm
yes exactly...red lag must be on the top along with the blue lag and the blue lag must dip and cross the 0.85 line and the histogram must agree (go negative for shorting). same at the bottom to go long
  • #2,976
  • Oct 23, 2007 3:27pm Oct 23, 2007 3:27pm
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
And what about "Allow DLL imports", should we check it? Thanx
  • #2,977
  • Oct 23, 2007 3:27pm Oct 23, 2007 3:27pm
Quoting walesoje1
How does both Lags agree before you enter trades? Must both Lags be coming down with the Stochastic Histogram before you enter a trade or how does both Lags agree? The entry rule set forth by Imran in post # 1 is not clear enough.
Hi wales

just take some time off and read the posts of people who have posted here the trades since the start so u can get a idea of what a ideal trade setup is

imran
  • #2,978
  • Edited 3:33pm Oct 23, 2007 3:28pm | Edited 3:33pm
Quoting FXNorm
yes exactly...red lag must be on the top along with the blue lag and the blue lag must must dip and cross the 0.85 line and the histogram must agree (go negative for shorting). same at the bottom to go long

Thanks FXNorm. Do you consider higher TF before taking your trade like 15M TF?

Also, what settings do you use for your LAG 1 and 2? Is it the normal 0.5 gamma, 9500 count bar, 0.15, 0.45, and 0.85 levels and 0.85 gamma for LAG 2?


Also on average how many pips did you make today on these trades?

Thank you for your support.
Trading Just Got Easier...
  • #2,979
  • Oct 23, 2007 3:28pm Oct 23, 2007 3:28pm
Quoting izzybel
And what about "Allow DLL imports", should we check it? Thanx
thats not needed, does not make a difference, rest u can do as per the post
  • #2,980
  • Oct 23, 2007 3:32pm Oct 23, 2007 3:32pm
Quoting imransait
Hi wales

just take some time off and read the posts of people who have posted here the trades since the start so u can get a idea of what a ideal trade setup is

imran


Imran, I have read all the 199 pages on this Thread over twice and they seem confusing because there are different cases when trades are entered in contrary to the specified entries and exits you posted on post #1.

Can you just post 1 or 2 charts for me to get going?

I lost $500 on live trade already using this system.
Trading Just Got Easier...
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