Hi Imransait, I want to thank you once again cuz ever seen I follow your 5MIN system so far I am very successful in my trade, can you include me in your skype list my email [email protected]
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- #3,442
- Oct 25, 2007 11:28pm Oct 25, 2007 11:28pm
Imran, (and other veteran traders on this thread) when taking a position with this system I sometimes get confused when price is above/below/between the EMA 60, EMA 200, middle Bollinger, or Daily Pivot or some combination there of.
I was wondering if you could tell us which of these indicators you would prioritize over the others... I’m guessing the Daily Pivot is the strongest of these. So that we always want to go Long above the Daily Pivot and short when price action is below this pivot. The picture on the first post just adds to my confusion as:
1. The first position (starting at the red vertical far left) shows price position below the DailyPivot and above the EMA 60/200 and is a long right into the Daily Pivot.
2. The second position shows price position above the DailyPivot, EMA60/200 and is shorting right into all 3 of them. (The Lags look great... But this seems like a nightmare trade to me
)
3. The Third position seems like the most ideal to me, as price position is below the DailyPivot, EMA 60/200, and I would probably place a 4 to 5% risk on this short.
As always, thank you all so much for your generosity and taking the time to teach all of us newbie’s this great system of trading...
4xMike...
I was wondering if you could tell us which of these indicators you would prioritize over the others... I’m guessing the Daily Pivot is the strongest of these. So that we always want to go Long above the Daily Pivot and short when price action is below this pivot. The picture on the first post just adds to my confusion as:
1. The first position (starting at the red vertical far left) shows price position below the DailyPivot and above the EMA 60/200 and is a long right into the Daily Pivot.
2. The second position shows price position above the DailyPivot, EMA60/200 and is shorting right into all 3 of them. (The Lags look great... But this seems like a nightmare trade to me
)3. The Third position seems like the most ideal to me, as price position is below the DailyPivot, EMA 60/200, and I would probably place a 4 to 5% risk on this short.
As always, thank you all so much for your generosity and taking the time to teach all of us newbie’s this great system of trading...
4xMike...
- #3,444
- Oct 25, 2007 11:38pm Oct 25, 2007 11:38pm
- | Commercial User | Joined May 2007 | 1,464 Posts
Imran, (and other veteran traders on this thread) when taking a position with this system I sometimes get confused when price is above/below/between the EMA 60, EMA 200, middle Bollinger, or Daily Pivot or some combination there of.
I was wondering if you could tell us which of these indicators you would prioritize over the others... I’m guessing the Daily Pivot is the strongest of these. So that we always want to go Long above the Daily Pivot and short when price action is below this pivot. The picture on the first post just adds to my confusion as:
1. The first position (starting at the red vertical far left) shows price position below the DailyPivot and above the EMA 60/200 and is a long right into the Daily Pivot.
2. The second position shows price position above the DailyPivot, EMA60/200 and is shorting right into all 3 of them. (The Lags look great... But this seems like a nightmare trade to me
3. The Third position seems like the most ideal to me, as price position is below the DailyPivot, EMA 60/200, and I would probably place a 4 to 5% risk on this short.
As always, thank you all so much for your generosity and taking the time to teach all of us newbie’s this great system of trading...
4xMike...
1. See the climb of the 60ema on the first position, classical case of long trade and the stoch also agreeing with it, target would be Daily Pivot and moving Tp as it approaches and watching the candle action at that point.
2. the lags dont lie if even stoch is agreeing, so it was a safe trade with a tight SL, infact when all 3 are in agreement the movement is more profitable and u can wait till the red lag comes complete down and then moves up.
3. Also a good position, but not the best one, also notice that u can take a trade even when the blue lag is close to 0.45 area and coming down, still give u enough place to book profits as red lag was down and flat
i would place a 5% risk on trade 2 , not on trade 3
my risk levels would be 2% for trade 1, 5% for trade 2 and 2% for trade 3
- #3,445
- Oct 25, 2007 11:40pm Oct 25, 2007 11:40pm
WOW, no posts and a slow night so far. GJ has been in a tight range last hour and half. Last forty five minutes it has been squeezed by middle bol and 60ma. Of course it was lunch time in Japan
:. Seems to be consolidating? Maybe for a move down. Looking at a 5m chart.
:. Seems to be consolidating? Maybe for a move down. Looking at a 5m chart.
- #3,446
- Oct 25, 2007 11:46pm Oct 25, 2007 11:46pm
- | Commercial User | Joined May 2007 | 1,464 Posts
WOW, no posts and a slow night so far. GJ has been in a tight range last hour and half. Last forty five minutes it has been squeezed by middle bol and 60ma. Of course it was lunch time in Japan
have a small short open at 234.45 tp is 233.70 SL is 234.75 , so lets see what happens
- #3,454
- Oct 26, 2007 2:04am Oct 26, 2007 2:04am
if u have noticed, japenese news cames out, core cpi these take medium impacts and was as expected then the industrial production -1.4% -0.1% more then expected... all around all, it was negative for the yen, so all traders in asian session was bearish for the yen... so i can see, u have the laguerre filter placed in your chart...
bullish(GBP) signs in the chart blue ema above red, both heading up to northeast, the price is moving from the left bottom corner to the right top corner
BB base line running flat laguerre filter also running flat, Red Lad on top, did u see, how slow the Stoch Histo came??? So as reaction of the action, u should see, that ur position don't run into profit, and that the signs are for eurosession are tending more bullish, so reversal then if price is above blue and red ema, longs are better....
please begin to see the whole picture, there are keypoints, price tumbling around a psychological number the 50, and when u had draw on 15 min chart from the last swing H/L from yesterday to today night you had seen that the price touches the 38.2%
bullish(GBP) signs in the chart blue ema above red, both heading up to northeast, the price is moving from the left bottom corner to the right top corner
BB base line running flat laguerre filter also running flat, Red Lad on top, did u see, how slow the Stoch Histo came??? So as reaction of the action, u should see, that ur position don't run into profit, and that the signs are for eurosession are tending more bullish, so reversal then if price is above blue and red ema, longs are better.... please begin to see the whole picture, there are keypoints, price tumbling around a psychological number the 50, and when u had draw on 15 min chart from the last swing H/L from yesterday to today night you had seen that the price touches the 38.2%
- #3,455
- Oct 26, 2007 2:10am Oct 26, 2007 2:10am
if u have noticed, japenese news cames out, core cpi these take medium impacts and was as expected then the industrial production -1.4% -0.1% more then expected... all around all, it was negative for the yen, so all traders in asian session was bearish for the yen... so i can see, u have the laguerre filter placed in your chart...
bullish(GBP) signs in the chart blue ema above red, both heading up to northeast, the price is moving from the left bottom corner to the right top corner
please begin to see the whole picture, there are keypoints, price tumbling around a psychological number the 50, and when u had draw on 15 min chart from the last swing H/L from yesterday to today night you had seen that the price touches the 38.2%
Hi there, not sure if the above was meant to respond to my question, if so, i didnt enter a trade in any event stoch histogram was nto in agreement anyway.
I'm simply trying to get to the bottom of whether or not one of my Lags is incorrect as there was no cross down on the chart i have running the lag alert 1 but there was on the one not runnung it
