Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 177 | Forex Factory

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

  • #3,521
  • Oct 26, 2007 10:28am Oct 26, 2007 10:28am
Once this breaks, next area would be 233.60 area
  • #3,522
  • Oct 26, 2007 10:29am Oct 26, 2007 10:29am
Quoting IvoHR
Attachment



Ok, sry i went LONG with 234.30.
I made two investments.
One investment i took out at 234.70
and the other one is still going on.
No stopp los because sitting infron of my computer .
brother..close it soon..if not u will loose all ur gains...its going to go down big time
  • #3,523
  • Oct 26, 2007 10:31am Oct 26, 2007 10:31am
thx alot, i did.
  • #3,524
  • Oct 26, 2007 10:32am Oct 26, 2007 10:32am
Imran, Thinking of waiting for a retrace to the pivot before shorting. your thoughts?
  • #3,525
  • Oct 26, 2007 10:36am Oct 26, 2007 10:36am
Quoting rocwell
Imran, Thinking of waiting for a retrace to the pivot before shorting. your thoughts?
what are ur charts telling...coz mine just want to go down..may go tll the pivot and come down...
  • #3,526
  • Oct 26, 2007 10:37am Oct 26, 2007 10:37am
tks a lot
  • #3,527
  • Oct 26, 2007 10:40am Oct 26, 2007 10:40am
1,5, 15 and TF all show lags pretty much resting at the bottom. stck hist bulish in 1 mn and bearish in the 5 and 15 hence my feeling there could be a retrace
  • #3,528
  • Oct 26, 2007 10:41am Oct 26, 2007 10:41am
Quoting imransait
dont thnk of buying this...short it once it breaches 234, it will target 233 very soon once this is gone. BTW 234.11 is the daily Pivot
my 5min,15min and 30 min are all telling me..one thing...........SHORT
Ok, thanks. I didn't buy and price went down Can you explain how to read the pivot so I don't get fooled again or update the first post on how to read pivot to confirm a good trade or not.

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #3,529
  • Edited 10:47am Oct 26, 2007 10:42am | Edited 10:47am
Quoting ele
tks a lot
The next area is the swing low of 233.60, next area is S1 233.30
233.60 is .786 of the last big move, may retrace from there
  • #3,530
  • Oct 26, 2007 10:51am Oct 26, 2007 10:51am
short @234.05 following retrace to pivot point level 234.11
  • #3,531
  • Oct 26, 2007 10:53am Oct 26, 2007 10:53am
Do I have to change the Weekly and Daily pivot points manually?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #3,532
  • Oct 26, 2007 10:58am Oct 26, 2007 10:58am
Hallo Imran and all others,

thas an unbelievable system.
I made in 3 hours 120 bips on GBPYPN 5min Chart in the last 3 hours.

If you want me to tell you how, i can make a screenshot and send you what i did.

Thx alot, i never made with all other systems that much. I crashed today as you Imran now with -25bips but still in +120.

If you guys want to know how, i will explain. Just ask.

Thx alot again
  • #3,533
  • Oct 26, 2007 11:01am Oct 26, 2007 11:01am
Quoting matrixebiz
Do I have to change the Weekly and Daily pivot points manually?
use the indicator on post #1, it will do it automatically, just keep " sunday data " as false in the options
  • #3,534
  • Oct 26, 2007 11:02am Oct 26, 2007 11:02am
Quoting IvoHR
Hallo Imran and all others,

thas an unbelievable system.
I made in 3 hours 120 bips on GBPYPN 5min Chart in the last 3 hours.

If you want me to tell you how, i can make a screenshot and send you what i did.

Thx alot, i never made with all other systems that much. I crashed today as you Imran now with -25bips but still in +120.

If you guys want to know how, i will explain. Just ask.

Thx alot again
nice to know that, do post all ur charts and ur analysis..it will help us
  • #3,535
  • Oct 26, 2007 11:03am Oct 26, 2007 11:03am
Quoting rocwell
gamma: lag 1 o.55, lag 2 o.85. bar count 9500 in both. Its possible that you simply need to change the thickness under the colour tab to '2'

Hope this is what you meant
Thanks, Rockwell....those are the settings/thickness of lines I have...wonder why yours looks different?
  • #3,536
  • Oct 26, 2007 11:03am Oct 26, 2007 11:03am
Quoting rocwell
short @234.05 following retrace to pivot point level 234.11
keep locking in every 10 pips..it may retrace
  • #3,537
  • Oct 26, 2007 11:03am Oct 26, 2007 11:03am
Quoting IvoHR
Hallo Imran and all others,

thas an unbelievable system.
I made in 3 hours 120 bips on GBPYPN 5min Chart in the last 3 hours.

If you want me to tell you how, i can make a screenshot and send you what i did.

Thx alot, i never made with all other systems that much. I crashed today as you Imran now with -25bips but still in +120.

If you guys want to know how, i will explain. Just ask.

Thx alot again

Nice one! hope the pips keep on rolling in!!
  • #3,538
  • Oct 26, 2007 11:05am Oct 26, 2007 11:05am
Quoting Ann
Thanks, Rockwell....those are the settings/thickness of lines I have...wonder why yours looks different?

Ann, I think its just down to a gremlin in my pc!
  • #3,539
  • Oct 26, 2007 11:05am Oct 26, 2007 11:05am
Quoting imransait
keep locking in every 10 pips..it may retrace

cheers mate, will do
  • #3,540
  • Oct 26, 2007 11:07am Oct 26, 2007 11:07am
Is it me or does ther seem to be a lack of conviction in todays market movement?
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