Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 180 | Forex Factory

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

  • #3,581
  • Oct 26, 2007 2:11pm Oct 26, 2007 2:11pm
Quoting freed14
I would just like to ask, for clarity, if all of the information in the very first post is the most recent indicators that should be being used. I am starting up this sytem and want to have the right settings, so I can read through the posts and see what everyone else was seeing. Anyway thanks again.
-Freed
yes, its updated, also recommend to take the weekend to go thru some nice setups posted by many people here so u can get used to the entry and exit rules
  • #3,582
  • Oct 26, 2007 2:12pm Oct 26, 2007 2:12pm
So just wondering....How is this Skype going to work?
  • #3,583
  • Oct 26, 2007 2:15pm Oct 26, 2007 2:15pm
Quoting imransait
here is a trade i have taken with a tight SL of 20 pips from my entry at 234.50 , looking to hold this entry till Monday as expecting some gap to happen or atleast looking to book 100 pips before todays close, will move Sl to BE +10 once i get 40+
p.s : already +25 moved SL to BE +5 ( i hate loosing pips , no matter 1 )
Imran, most of the times the Gaps are being recovered the same day. When you say you will keep it until Monday, what do you mean? If there is a Gap (bearish) then won't you close the position?

Last week, I had an open short and on Sunday I had +70 pips. So, knowing that it will recover the gap, I closed it and lost another 200pips. Your advise is much appreciated.

Thanks,
Evan
  • #3,584
  • Oct 26, 2007 2:17pm Oct 26, 2007 2:17pm
Quoting imransait
yes, its updated, also recommend to take the weekend to go thru some nice setups posted by many people here so u can get used to the entry and exit rules
Oh ok. Thanks so much. I just wanted to make sure all of the MA's Used and everything else is all stated so I am not confused. I heard something about a skype chat, Is this occuring?
  • #3,585
  • Oct 26, 2007 2:18pm Oct 26, 2007 2:18pm
Thanks Barracuda
AL
  • #3,586
  • Oct 26, 2007 2:18pm Oct 26, 2007 2:18pm
Quoting Barracuda
So just wondering....How is this Skype going to work?
There will be experienced people who will follow the rules of entry and exit nad will post analysis and possible trade entries, may have some live calls, but again, this has to be every individuals responsibility to use that at his discretion and to use proper Money Management and Risk Management, we will not be responsible for any loss. I will email the rules and regulations and this has to be emailed back to me acknowleding it so as to avoid any problems
  • #3,587
  • Oct 26, 2007 2:20pm Oct 26, 2007 2:20pm
Quoting poulis1
Imran, most of the times the Gaps are being recovered the same day. When you say you will keep it until Monday, what do you mean? If there is a Gap (bearish) then won't you close the position?

Last week, I had an open short and on Sunday I had +70 pips. So, knowing that it will recover the gap, I closed it and lost another 200pips. Your advise is much appreciated.

Thanks,
Evan
Evan, pips in the bank are worth none in hand..so dont worry abt the lost ones..u can earn the lost ones in a day
i would wait till i see the asian session and if i see it retracing to more then 50% of the gap, will close and wait for trade signal after london open
  • #3,588
  • Oct 26, 2007 2:22pm Oct 26, 2007 2:22pm
Quote
There will be experienced people who will follow the rules of entry and exit nad will post analysis and possible trade entries, may have some live calls, but again, this has to be every individuals responsibility to use that at his discretion and to use proper Money Management and Risk Management, we will not be responsible for any loss. I will email the rules and regulations and this has to be emailed back to me acknowleding it so as to avoid any problems

What a great idea, sometimes it is reassuring when You see a nice trade setup and your not alone in Your thought process in executing the trade. I can't wait for this to happen, The one thing I dislike about trading is "trading alone", will be nice to hear some voices.
  • #3,589
  • Oct 26, 2007 2:22pm Oct 26, 2007 2:22pm
see how DOW also responds to my method,
Attached Image (click to enlarge)
Click to Enlarge Name: dow4.gif Size: 27 KB
  • #3,590
  • Oct 26, 2007 2:24pm Oct 26, 2007 2:24pm
Quoting Barracuda
What a great idea, sometimes it is reassuring when You see a nice trade setup and your not alone in Your thought process in executing the trade. I can't wait for this to happen, The one thing I dislike about trading is "trading alone", will be nice to hear some voices.
we are all going to be like a small family which i hope one day to be in millions god willing trading this method
  • #3,591
  • Oct 26, 2007 2:26pm Oct 26, 2007 2:26pm
Well, from reading post after post, I know the people contributing to this thread are genuinely good people...Good things happen to good people
Let's make it happen!!
  • #3,592
  • Oct 26, 2007 2:27pm Oct 26, 2007 2:27pm
AMEN imransait!
Push yourself to your fullest potential!!
  • #3,593
  • Oct 26, 2007 2:36pm Oct 26, 2007 2:36pm
hello imran - you got many folower for these tread - can we all be skype at same time?
  • #3,594
  • Oct 26, 2007 2:40pm Oct 26, 2007 2:40pm
I made the same trade as you imran, but i was alil to late.

My question would be, if you "Forex Gurus"
Could make a summary of this Forum somewhere with all modifications.
Or is everything edited on your first post Imran? Because i entered the post now and i dont know which is the best way to trade with your system and what are the newest modifications. If they allready are in your first post, than everything is ok.

I started reading this thread today and now i'm on page 40 omg. A lot of work to do over weekend .

If there is no new summary of the best modifications and the best setup till know, it would be realy appriciated.

Thx to all.

Skypename: konarer ([email protected])
Would be happy if you could invite me to the skype chat.
  • #3,595
  • Oct 26, 2007 2:55pm Oct 26, 2007 2:55pm
Quoting imransait
we are all going to be like a small family which i hope one day to be in millions god willing trading this method
I sent you a pm requesting the info but thought I would also give u my email address as well so I can be apart of the skye aswell, [email protected] thanks.
PipHunter
  • #3,596
  • Oct 26, 2007 3:07pm Oct 26, 2007 3:07pm
Quoting imransait
we are all going to be like a small family which i hope one day to be in millions god willing trading this method

Yes....god willing....I want to make sure that I get in Skype too..I had sent you a pm...just want to make sure, my email is:

[email protected]
  • #3,597
  • Edited 3:54pm Oct 26, 2007 3:09pm | Edited 3:54pm
Anyone have this indicator;
2007.10.26 16:03:43 Cannot open file 'C:\Program Files\Interbank FX Trader 4 4\experts\indicators\ASCTrend1sig-imran.ex4' on the GBPJPYm,H1

Also, I don't think Chandra-Signal-Alert-System is working properly, is it because of the missing ind? and the arrows for LISPA1 seem wrong. What am I doing wrong?
Thanks

EDIT: Found the file (ASCTrend1sig-imran.ex4)
Attached Image (click to enlarge)
Click to Enlarge Name: pic.JPG Size: 203 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #3,598
  • Oct 26, 2007 3:13pm Oct 26, 2007 3:13pm
I actually took these trades on the 5min charts but changed this chart to 15min to fit everything on the page.


Hope everyone has been trading well. . .

Happy pipping,
Attached Image (click to enlarge)
Click to Enlarge Name: oct26.1.gif Size: 22 KB
Fx Diva
  • #3,599
  • Oct 26, 2007 3:16pm Oct 26, 2007 3:16pm
Quoting fxdiva
I actually took these trades on the 5min charts but changed this chart to 15min to fit everything on the page.


Hope everyone has been trading well. . .

Happy pipping,

I am very happy for your achievement. Could you show the 5min because the entries in the 15 do not give that much info.
Thanks and all success and health to you and every one.
Evan
  • #3,600
  • Oct 26, 2007 3:38pm Oct 26, 2007 3:38pm
Hi Imran
Love the system, please include me in Skype chat,
Many Thanks


[email protected]
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