Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 231 | Forex Factory

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

  • #4,601
  • Nov 23, 2007 2:00am Nov 23, 2007 2:00am
can i enter long here ut the 15 min red lag is still up not moving
what is the interpretation
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 5min.gif Size: 18 KB
Click to Enlarge Name: gbp 15min.gif Size: 14 KB
  • #4,602
  • Nov 23, 2007 5:57am Nov 23, 2007 5:57am
can anybody please give me alert for this attached signal and how to load it or if it is in the thread somebody shhould pls tell me the number of the thread its located.
tanx
Attached File(s)
File Type: ex4 ASCTrend1sig-imran.ex4   5 KB | 359 downloads
  • #4,603
  • Edited 6:35am Nov 23, 2007 6:16am | Edited 6:35am
a vaild entry? target should be 222.70 stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: valid entry.gif Size: 45 KB
member
  • #4,604
  • Nov 23, 2007 6:41am Nov 23, 2007 6:41am
Quoting bigmanin
a vaild entry? target should be 222.70 stopped out
Entry was counter trend , and the sentiment is still very bearish and also volumes are very thin, so better to stay out today or take trades confirming to the trend

on other days, this entry is good to get u atleast 70-100 pips, not today
  • #4,605
  • Nov 23, 2007 6:48am Nov 23, 2007 6:48am
Quoting imransait
Entry was counter trend , and the sentiment is still very bearish and also volumes are very thin, so better to stay out today or take trades confirming to the trend

on other days, this entry is good to get u atleast 70-100 pips, not today

Respect
member
  • #4,606
  • Nov 23, 2007 7:07am Nov 23, 2007 7:07am
Quoting imransait
Entry was counter trend , and the sentiment is still very bearish and also volumes are very thin, so better to stay out today or take trades confirming to the trend

on other days, this entry is good to get u atleast 70-100 pips, not today
How do you know about the volumes (are very thin)?

WisBiz
  • #4,607
  • Edited Nov 24, 2007 4:36am Nov 23, 2007 7:32am | Edited Nov 24, 2007 4:36am
Hi Guys

I was wondering if people would be interested to pool in funds in a pooled a/c whose statement will be updated here once London Session gets over, just a thought , Minimum and maximum investment is 500$ with maximum of 15 accounts . For returns expected and other details, you can email me ( Not PM )

Expected date to start this account is Jan 1st 2008. Account will be on Northfinance/EFX. Account will be settled every 40 days ( 2 months ) among the pooled a/c holders.

To those who requested this info on email, this a/c will be traded only by me personally.
Imran

Latest Update : 24th Nov

Already 10 are signed up, 5 more remaining to confirm,i will inform here once the 15 batch is full. Thanks for the response and trust bestowed on the method and me. Assuring to do my best .

Please read this disclaimer also before you are interested, dont want to get into legal stuff later
Trading the Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. Trading Agent offers no guarantees on the growth or trading of your account. If Trading Agent has disclosed a history of past returns, that history does not represent a guarantee or goal for future returns. The potential of losing all your investment is there. Investor assumes all risk and Trading Agent is not responsible for losses that may occur and is not obligated to restore any loss to Investor.
Investor is aware of the speculative nature of trading foreign currencies. Investor has made an independent decision based on his own personal financial situation that the foreign exchange is a suitable investment for Investor.
  • #4,608
  • Nov 23, 2007 7:59am Nov 23, 2007 7:59am
am interested in pooled account have not got ur email but mine is [email protected]

thanks

kashif aziz
  • #4,609
  • Nov 23, 2007 8:01am Nov 23, 2007 8:01am
I'll be interested.
Kindly let me know!
Thanks!!
  • #4,610
  • Nov 23, 2007 8:05am Nov 23, 2007 8:05am
My eMail Address is:

[email protected]

ThanksAgain!!
  • #4,611
  • Nov 23, 2007 8:13am Nov 23, 2007 8:13am
please take my email address as [email protected]
member
  • #4,612
  • Nov 23, 2007 10:14am Nov 23, 2007 10:14am
Quoting imransait
Hi Guys

I was wondering if people would be interested to pool in funds in a pooled a/c whose statement will be updated here once Lond.

To those who requested this info on email, this a/c will be traded only by me personally.
Imran
Please Imrain send details to [email protected]
  • #4,613
  • Nov 23, 2007 10:30am Nov 23, 2007 10:30am
Hey all,

I am forward testing this strategy and am having trouble knowing exactly when to pull the trigger. I noticed that the stoch and lags "lag" behind the MACD. By the time the stoch crosses over, sometimes the market is halfway through it's move and if I wait for that I miss out on half the pips. According to this systmen though, I am supposed to wait for confirmation by the stoch.

Any suggestions on how to get into the market sooner and not miss out on half of the wave?

I am a big fan of the RSI and have been using it almost exclusively to trade GBP/JPY on the one minute GBP/JPY chart. It gives a signal much sooner and works excellent on small ocillating moves, only it has more false signals during big moves. One idea is to incoporate the RSI into it to give the leading signal to get into the market, and if the other signals line up that will confirm the strength of the move. Otherwise if those signals do not confirm then move stop to breakeven quickly to avoid the risk of a false RSI signal. That way I could ride the market move from beginning to end, not just half of it.

Any thoughts?
  • #4,614
  • Nov 23, 2007 10:37am Nov 23, 2007 10:37am
Quoting Jared
Hey all,

I am forward testing this strategy and am having trouble knowing exactly when to pull the trigger. I noticed that the stoch and lags "lag" behind the MACD. By the time the stoch crosses over, sometimes the market is halfway through it's move and if I wait for that I miss out on half the pips. According to this systmen though, I am supposed to wait for confirmation by the stoch.

Any suggestions on how to get into the market sooner and not miss out on half of the wave?

I am a big fan of the RSI and have been using it almost exclusively to trade GBP/JPY on the one minute GBP/JPY chart. It gives a signal much sooner and works excellent on small ocillating moves, only it has more false signals during big moves. One idea is to incoporate the RSI into it to give the leading signal to get into the market, and if the other signals line up that will confirm the strength of the move. Otherwise if those signals do not confirm then move stop to breakeven quickly to avoid the risk of a false RSI signal. That way I could ride the market move from beginning to end, not just half of it.

Any thoughts?
Hi Jared

laguerre is a advanced RSI, which keeps u in the trend longer than the normal rsi does, for 1 min, try out this blue lag - 25 and red lag - 40, take a trade when both are turning and macd is crossover
  • #4,615
  • Nov 23, 2007 10:42am Nov 23, 2007 10:42am
Quoting Jared
Hey all,

I am forward testing this strategy and am having trouble knowing exactly when to pull the trigger. I noticed that the stoch and lags "lag" behind the MACD. By the time the stoch crosses over, sometimes the market is halfway through it's move and if I wait for that I miss out on half the pips. According to this systmen though, I am supposed to wait for confirmation by the stoch.

Any suggestions on how to get into the market sooner and not miss out on half of the wave?

I am a big fan of the RSI and have been using it almost exclusively to trade GBP/JPY on the one minute GBP/JPY chart. It gives a signal much sooner and works excellent on small ocillating moves, only it has more false signals during big moves. One idea is to incoporate the RSI into it to give the leading signal to get into the market, and if the other signals line up that will confirm the strength of the move. Otherwise if those signals do not confirm then move stop to breakeven quickly to avoid the risk of a false RSI signal. That way I could ride the market move from beginning to end, not just half of it.

Any thoughts?
Here is an example. The Blue line represents the trigger signal according to the strategy, the green line represents using the RSI as a leading signal.
Attached Image (click to enlarge)
Click to Enlarge Name: RSI.jpg Size: 335 KB
  • #4,616
  • Nov 23, 2007 10:44am Nov 23, 2007 10:44am
G/J just bounced right off the low of August 16th....I wonder if this is the start of the road North.
It's All About Attitude ...
  • #4,617
  • Nov 23, 2007 10:51am Nov 23, 2007 10:51am
count me in on the pool but up the amount from $500 to at least a $1000 so the account can really compounded quickly. Any suggestions on my asctrend settings on the min. I have tried 2,3,4 not sure what is the best. Hope all is well...
Enter Signature
  • #4,618
  • Nov 23, 2007 10:54am Nov 23, 2007 10:54am
Quoting Jared
Here is an example. The Blue line represents the trigger signal according to the strategy, the green line represents using the RSI as a leading signal.
Hi Jared

good chart, if the indi works for you, then its good, but i have not found much difference in not using it, not that it does not work, but it clutters the chart more ,

do share ur charts here so others can have a look

imran
  • #4,619
  • Nov 23, 2007 10:58am Nov 23, 2007 10:58am
Quoting jamesr24
count me in on the pool but up the amount from $500 to at least a $1000 so the account can really compounded quickly. Any suggestions on my asctrend settings on the min. I have tried 2,3,4 not sure what is the best. Hope all is well...
Hi James

I know very well that it can be compounded very fast, i have seen your results good work mate, you really are utilising the method safetly and profitably

I limited the amount to 500$ coz anything lower or higher is not so lucrative , i am not advertising here but the returns i have calculated are less of risk and very consevative, details are in the email, check it

Apart from that, 1000$ is also too much for many who cant spare more then 500$, so decided to keep it low this time and let people be the judge after they see the results
  • #4,620
  • Nov 23, 2007 10:59am Nov 23, 2007 10:59am
Quoting imransait
Hi Jared

laguerre is a advanced RSI, which keeps u in the trend longer than the normal rsi does, for 1 min, try out this blue lag - 25 and red lag - 40, take a trade when both are turning and macd is crossover

You mean set the levels right, your not talking about the gamma....?

Jared
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