I noticed you somehow managed to change the colors of the indicator.. How did you do that??? Or maybe I'm using an older version that doesnt allow that???
I am currently using your Chandra SAS-2 alert (which is AWESOME, by the way - a big thanks for that!). With Imran's latest update, do I have to make any changes to the alert system?
Thanks and kind regards
Ignored
Hi drmahathir,
Chandra-SAS2 is not part of the Imran's system. That is separate. If you like, you can use it as separate method or for additional confirmation. There were no changes to the indicators it is using (MT4-LSAR or ASCTrend).
The LISPA1 was the alert system I made for Imran's method. A new version LISPA2 will be out soon.
I just downloaded the updated indicators and noticed something about the MACD settings.
It is set to 12,20,9 in the Imran template, but I notice in an earlier chart by FXDiva the settings are 12,26,9. Any idea which is the better one to use?
I have been asked by many for a template of my charts. This is what I use and is not part of Imran"s method. This is my preference but I still follow the rules on the lags for entry and exits, MACD, and stochs histogram.
I use the Heiken-Ash.i candles, the only reason for this is when a candle turns from red to white or vice versa this will catch my attention to a possible change. I still have a chart with regular candles so I can visualize the placement of wicks. The settings are as follows, The lagurre filter is set at .4, the gann High/Low activator is set at 10, I would"nt deviate too much from these numbers. Support and resitance indicator can be very useful for a look back period for prior S/R. Keep it Simple
I just downloaded the updated indicators and noticed something about the MACD settings.
It is set to 12,20,9 in the Imran template, but I notice in an earlier chart by FXDiva the settings are 12,26,9. Any idea which is the better one to use?
As I am a very beginner in these strategies, just a simple question.
Is it possible to adjust these templates and charts and everything needed, on any platform?
|
Joined Nov 2007
|
Status: Everything depends on a mind!
|400 Posts
Pipcop how many % do you made with this forex system. I am new to this forum and i found so many systems and indicators i have to analyze all of them and find the most suitable for me.
imran do u take the trade immeditaely when the set up happens or do u wait for the next 5min bar to close above or below the bar which generates the signal , ie if u are using a 5 min
Pipcop how many % do you made with this forex system. I am new to this forum and i found so many systems and indicators i have to analyze all of them and find the most suitable for me.
Ignored
Forget the rest of the systems and indicators, follow Imran's system, stick to the rules, read the pdf file, and thread. You will find many of your questions answered throughout the thread. The system is very simple to follow.
See the charts I posted on the 15min and 1hr and the indicators that I posted for everyones use, that tells the story and this will be suitable for you. Learn as much as you can, demo trade the Gbp/Us or Eur/Us, these pairs will not be as volatile. Imran's system works well on all pairs.
Please bear in mind that this is an unofficial chat, not endorsed or sanctioned by Imran. Just a place where people can get together to discuss THEIR analysis of trades using Imran's excellent system.
I'm posting a daily chart of the Gbp/Jpy to emphasize the importance of top down analysis that can help us with our trading decisions on the lower time frame charts. What we have here is a head & shoulders pattern unfolding before us. On the chart, I've also drawn in a Tom Demark support trendline which shows price will encounter heavy support at the 224.00 - 20 area. This area has been tested twice already on the daily chart. We are going to be seeing a lot of selling pressure in the days ahead. If price breaks the neck line of this head and shoulders the projection would be a drop of over 3,000 pips from the point the neck line is broken. Translation...Watch Out Below. So be aware of the daily trend line and head and shoulders neck line area when you're trading the 5 and 15M charts.
I'm posting a daily chart of the Gbp/Jpy to emphasize the importance of top down analysis that can help us with our trading decisions on the lower time frame charts. What we have here is a head & shoulders pattern unfolding before us. On the chart, I've also drawn in a Tom Demark support trendline which shows price will encounter heavy support at the 224.00 - 20 area. This area has been tested twice already on the daily chart. We are going to be seeing a lot of selling pressure in the days ahead. If price breaks the neck line of this head and shoulders the projection would be a drop of over 3,000 pips from the point the neck line is broken. Translation...Watch Out Below. So be aware of the daily trend line and head and shoulders neck line area when you're trading the 5 and 15M charts.
It's going to be exciting!! Take Care......T-Wolf
Ignored
You analysis is very Intersting... and good to know... My question.. is why do you think it will drop over 3000 pips if it breaks below the "shoulder"???
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
