Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 172 | Forex Factory

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

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

  • #3,421
  • Oct 25, 2007 10:51am Oct 25, 2007 10:51am
Quoting Barracuda
I have it set up, Initial reaction is it seems "smoother" not as jerky with quick up and down moves. Thanks
I agree looks very promising to me also. Thanks Chandra.
  • #3,422
  • Oct 25, 2007 11:02am Oct 25, 2007 11:02am
Quoting Barracuda
I have it set up, Initial reaction is it seems "smoother" not as jerky with quick up and down moves. Thanks
Quoting zeno
I agree looks very promising to me also. Thanks Chandra.
Thank you Barracuda and zeno (and all who are going to check it).

I hope it will improve our signals. Please check bugs and also performance against regular Laguerre. Let us check for this week (only tomorrow is left). If it is better than regular, we will have new LISPA2 by next week.

chandra

Laguerre-ACS1:
http://www.forexfactory.com/showthread.php?t=53189
  • #3,423
  • Oct 25, 2007 11:07am Oct 25, 2007 11:07am
Hey chandra great work looks pretty good, hope thats avoid me from the many false signals in M1 Chart...

Quoting achandrasekaran99
Thank you Barracuda and zeno (and all who are going to check it).

I hope it will improve our signals. Please check bugs and also performance against regular Laguerre. Let us check for this week (only tomorrow is left). If it is better than regular, we will have new LISPA2 by next week.

chandra

Laguerre-ACS1:
http://www.forexfactory.com/showthread.php?t=53189
  • #3,424
  • Oct 25, 2007 11:08am Oct 25, 2007 11:08am
The time frames do not match up on the time?

The 15m is before the 5m? Can you confirm this?

Thanks!

Quoting behof
Hi Folks !

Attached you will find a multitimeframe snapshot of EUR/JPY.
As you can see price on the 1h chart repelled nicely from the
200 EMA

The Fib Projection on the 1h gives my target at about 163.10 which
is the 50% retracement !!

The 50% retracement is veeeeeeeeeeery important !

Look at Jacko's thread here; he made tons of money by only watching
and targeting the 50% retracement on the charts.

Greetings

Bernhard
  • #3,425
  • Oct 25, 2007 11:30am Oct 25, 2007 11:30am
With regard to accounts, I've looked at Crown FX. Their spreads seem impossibly low (couldn't be lower at just 1 pip) and they allow v.small accounts. Anyone know if they're OK or will they run away with my money ?
He was looking for the card so high and wild hed never need to deal another
  • #3,426
  • Edited 11:51am Oct 25, 2007 11:35am | Edited 11:51am
pls google forexbastards there gives some reviews

Have no experience with them, but i would take a broker which is under control from CFTC or NFA or UK based FSA registered...
Quoting dr_who
With regard to accounts, I've looked at Crown FX. Their spreads seem impossibly low (couldn't be lower at just 1 pip) and they allow v.small accounts. Anyone know if they're OK or will they run away with my money ?
  • #3,427
  • Oct 25, 2007 11:48am Oct 25, 2007 11:48am
Quoting dr_who
With regard to accounts, I've looked at Crown FX. Their spreads seem impossibly low (couldn't be lower at just 1 pip) and they allow v.small accounts. Anyone know if they're OK or will they run away with my money ?
There is a site called forexbastards period com, if I put the full link I probably will get a warning, you get the jist. They have reviews on brokers, software, education, signals, managed accts. etc. traders will write reviews, scam or not a scam.
  • #3,428
  • Oct 25, 2007 12:04pm Oct 25, 2007 12:04pm
Quoting Iqtrading
pls google forexbastards there gives some reviews

Have no experience with them, but i would take a broker which is under control from CFTC or NFA or UK based FSA registered...
I am glad you mentioned that about CFTC, NFA. I assume that most traders know this, On forexbastards, felix is trying to help this one trader recover over $100,000 that some brokerage firm swinddled. You need to do your research well before handing over your money.
  • #3,429
  • Oct 25, 2007 12:18pm Oct 25, 2007 12:18pm
Thanks. I'll take a look at those bastards
He was looking for the card so high and wild hed never need to deal another
  • #3,430
  • Oct 25, 2007 12:31pm Oct 25, 2007 12:31pm
What Are The Rules For Entirety On 15min Tf?

Thanks
Life is a game, play it well, their is no restart!
  • #3,431
  • Oct 25, 2007 12:47pm Oct 25, 2007 12:47pm
Quoting Shocker2
What Are The Rules For Entirety On 15min Tf?

Thanks
i think the same as on 5 minute, but u have to place a bigger S/L because on 15 minute u have to give more room to play around...
  • #3,432
  • Oct 25, 2007 12:48pm Oct 25, 2007 12:48pm
Imransait...you are to be congratulated BiG Time for your contribution...I have been in many forums and seen gobs of useless indicators and even bought some....you have created a great sense of community in here and the indicators and insights are absolutely awesome.....I made 80+ pips using your setups and I wasn't even on my computer....I set my sl and target and when I got home from work...VOILA....THANKS ALOT!!! For my 2 cents worth...I think what you have done is absolutely GREAT and many here will concur...keep up the good work!!!
  • #3,433
  • Oct 25, 2007 12:52pm Oct 25, 2007 12:52pm
Congrats to you... could u please place a pic from your trade in this thread, with entry / SL and TP, i would help us all to follow... thx a lot

Quoting 4xplosion
Imransait...you are to be congratulated BiG Time for your contribution...I have been in many forums and seen gobs of useless indicators and even bought some....you have created a great sense of community in here and the indicators and insights are absolutely awesome.....I made 80+ pips using your setups and I wasn't even on my computer....I set my sl and target and when I got home from work...VOILA....THANKS ALOT!!! For my 2 cents worth...I think what you have done is absolutely GREAT and many here will concur...keep up the good work!!!
  • #3,434
  • Oct 25, 2007 12:54pm Oct 25, 2007 12:54pm
Quoting Shocker2
What Are The Rules For Entirety On 15min Tf?

Thanks
If your asking about entry rules for the 15 min. they are the same no matter which TF you are looking at. The most important thing is trade with the trend, check 1,5,15 TF to make sure they agree, if you countertrend make it quick 10-15 pips and exit or whatever the S/R, pivots, emas , lags, stochs are telling you. Hope this clears this up for you.
  • #3,435
  • Oct 25, 2007 1:05pm Oct 25, 2007 1:05pm
Forexbastards were very helpful in deciding which broker to go with. I've decided on IKON which have a v.high rating, do mini accounts and use MT4. So, I'll give them a whirl and ditch my current broker, CMC which has a clunky interface and low FXBastards rating.

So thanks for the suggestion.
He was looking for the card so high and wild hed never need to deal another
  • #3,436
  • Oct 25, 2007 1:20pm Oct 25, 2007 1:20pm
Quoting dr_who
Forexbastards were very helpful in deciding which broker to go with. I've decided on IKON which have a v.high rating, do mini accounts and use MT4. So, I'll give them a whirl and ditch my current broker, CMC which has a clunky interface and low FXBastards rating.

So thanks for the suggestion.
Hello Dr. Who,

Good decision on checking out brokers. I think Crown FX has the bird flu, if you know what I mean......T-Wolf
  • #3,437
  • Oct 25, 2007 1:22pm Oct 25, 2007 1:22pm
Hi PipCop,

Can you show us an example of this?

Thanks,
Guess

Quoting PipCop
If your asking about entry rules for the 15 min. they are the same no matter which TF you are looking at. The most important thing is trade with the trend, check 1,5,15 TF to make sure they agree, if you countertrend make it quick 10-15 pips and exit or whatever the S/R, pivots, emas , lags, stochs are telling you. Hope this clears this up for you.
  • #3,438
  • Oct 25, 2007 2:08pm Oct 25, 2007 2:08pm
So guys i place my last trade for today here... i had marked some points about my entering suggestions.
Attached Image (click to enlarge)
Click to Enlarge Name: 123456789.jpg Size: 219 KB
  • #3,439
  • Oct 25, 2007 2:23pm Oct 25, 2007 2:23pm
Quoting zeno
I agree looks very promising to me also. Thanks Chandra.

I second that...

Ohka
  • #3,440
  • Oct 25, 2007 3:20pm Oct 25, 2007 3:20pm
Hi all!

Imransait Your method is very good. During these days I red from the begining and i tested on demo account with very good results. Only I have few pips, because i donīt wait so many time, because sometimes movemments are so quicky that we take profit os loss occur. Iīm going to read all pages and charts to learn everytyhing. I had accompained how you are patience to teach all people that asked you. Thanks for that, because thanks to you and to your explanations i had learned so much. Thanks again.
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