Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 242 | Forex Factory

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

  • #4,821
  • Nov 26, 2007 9:02pm Nov 26, 2007 9:02pm
Quoting Alexandra
A quick 10-20 pips; Eyes on long EURUSD and Euro-Cable now, though the latter is below the averages.
I just scalped a few pips long on the aud/usd. nice call there Alexandra
  • #4,822
  • Nov 26, 2007 9:15pm Nov 26, 2007 9:15pm
Does any one know why G/J jumped 171+ pips in less than 1/2 hour.... Amazing
It's All About Attitude ...
  • #4,823
  • Nov 26, 2007 9:22pm Nov 26, 2007 9:22pm
Quoting Billser
Does any one know why G/J jumped 171+ pips in less than 1/2 hour.... Amazing
Not only GJ......

All about JPY weakness, UJ, GJ, EJ up, UCad dive, but GU, EU, UChf only limited growth.

Looks like the CAD and JPY are main driver to other pairs in past tens minuts.

UJ retrace @daily R1, UCad also retrace @daily S1.
GJ, EJ, GChf all broken weekly pivot.
- Ray Tracy - Novice forex trader from GMT+8
  • #4,824
  • Nov 26, 2007 9:25pm Nov 26, 2007 9:25pm
Any thoughts on if there will be a retrace or this is the big move back up.......Yes this is a newbie question.... lol

Quoting raytracy
Not only GJ......

All about JPY weakness, UJ, GJ, EJ up, UCad dive, but GU, EU, UChf only limited growth.

Looks like the CAD and JPY are main driver to other pairs in past tens minuts.
It's All About Attitude ...
  • #4,825
  • Nov 26, 2007 9:27pm Nov 26, 2007 9:27pm
Could be something the Japanese said today.
Bank of Japan had a 00:00 GMT speech

Quoting raytracy
Not only GJ......

All about JPY weakness, UJ, GJ, EJ up, UCad dive, but GU, EU, UChf only limited growth.

Looks like the CAD and JPY are main driver to other pairs in past tens minuts.
  • #4,826
  • Nov 26, 2007 9:28pm Nov 26, 2007 9:28pm
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 London Session gets over, just a thought , Minimum and maximum investment is 500$ with maximum of 20 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 : 26th Nov - 1 pm GMT

Already 18 are signed up, 2 more remaining to confirm,i will inform here once the 20 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

Dear Imransait


For the above reason i interested to sign up. Plz give your email dear imran. my email [email protected]. I hope still get the change.


TQ
Keiga
  • #4,827
  • Nov 26, 2007 9:35pm Nov 26, 2007 9:35pm
The Nikkei has had a huge sell-off tonight...but I'm sure this move is news generated. Somebody posted the Bank of Japan had a meeting...was there some news of a possible rate cut??
Push yourself to your fullest potential!!
  • #4,828
  • Edited 9:39pm Nov 26, 2007 9:36pm | Edited 9:39pm
http://www.guardian.co.uk/feedarticle?id=7105882
http://www.bloomberg.com/apps/news?p...H0&refer=japan

Quoting rgitt05
Citigroup to Sell $7.5 Billion in Equity Units to Abu Dhabi

By James Temple
Nov. 26 (Bloomberg) -- Citigroup Inc., the largest U.S. bank, said it agreed to sell $7.5 billion of equity units to the Abu Dhabi Investment Authority.
The units will convert into common shares, the New York- based company said today in a press release distributed by Business Wire. ADIA, the sovereign wealth fund of the government of Abu Dhabi, has agreed not to own more than 4.9 percent of Citigroup's common shares, according to the statement.


http://www.bloomberg.com/apps/news?p....z0&refer=home


rgitt05
  • #4,829
  • Nov 26, 2007 9:36pm Nov 26, 2007 9:36pm
Citigroup to Sell $7.5 Billion in Equity Units to Abu Dhabi

By James Temple
Nov. 26 (Bloomberg) -- Citigroup Inc., the largest U.S. bank, said it agreed to sell $7.5 billion of equity units to the Abu Dhabi Investment Authority.
The units will convert into common shares, the New York- based company said today in a press release distributed by Business Wire. ADIA, the sovereign wealth fund of the government of Abu Dhabi, has agreed not to own more than 4.9 percent of Citigroup's common shares, according to the statement.


http://www.bloomberg.com/apps/news?p....z0&refer=home


rgitt05
[
  • #4,830
  • Nov 26, 2007 9:38pm Nov 26, 2007 9:38pm
asian stock markets are taking a beating right now...might have been this citigroup announcement just posted
Push yourself to your fullest potential!!
  • #4,831
  • Nov 26, 2007 10:03pm Nov 26, 2007 10:03pm
Quoting Billser
Any thoughts on if there will be a retrace or this is the big move back up.......Yes this is a newbie question.... lol
well...for what it's worth, I seldom see much significant price movement for the next two or three hours of the day. Some retracement is a safe assumption but this time of day I observe that it usually doesn't amount to much. I imagine things consolidating for the next two or three hours into something of a mini flag pattern on 15 min charts. After two or three hours of that or of a gradual rise or decline it may move significantly again but that's just how I see it work typically.

I like the previous two hours of the day for trading.
  • #4,832
  • Nov 26, 2007 10:10pm Nov 26, 2007 10:10pm
It's all a learning process.......Thank You

Quoting Aaragorn
well...for what it's worth, I seldom see much significant price movement for the next two or three hours of the day. Some retracement is a safe assumption but this time of day I observe that it usually doesn't amount to much. I imagine things consolidating for the next two or three hours into something of a mini flag pattern on 15 min charts. After two or three hours of that or of a gradual rise or decline it may move significantly again but that's just how I see it work typically.

I like the previous two hours of the day for trading.
It's All About Attitude ...
  • #4,833
  • Nov 26, 2007 10:31pm Nov 26, 2007 10:31pm
I need some better charts for tracking the nikkei..the big up move was on the citigroup announcement that cause a huge rally in the nikkei which up now by .8 percent
Push yourself to your fullest potential!!
  • #4,834
  • Nov 26, 2007 10:46pm Nov 26, 2007 10:46pm
It bounce off the 200 EMA on the 1 HR TF..

I'm glad to hedge this spike and waiting for a retracement...

I don't think this is enough to change the bearish weekly and daily chart.

Wait for the US news later..

rgitt05




Quoting rgitt05
I feel the pair will consolidate until wed base on the 60 min TF formation

Long TP to 224.00 range on the upper trendline



rgitt05
[
  • #4,835
  • Nov 26, 2007 10:47pm Nov 26, 2007 10:47pm
if u find something before i do, let me know...

Quoting viking1975
I need some better charts for tracking the nikkei..the big up move was on the citigroup announcement that cause a huge rally in the nikkei which up now by .8 percent
  • #4,836
  • Nov 26, 2007 10:55pm Nov 26, 2007 10:55pm
By Kosuke Goto and Ron Harui
http://www.bloomberg.com/apps/data?p...d=ifw_Bz5DsgE4
http://images.bloomberg.com/r06/news...ge_details.gif

Nov. 27 (Bloomberg) -- The yen declined against all of the world's 16 most-active currencies after Abu Dhabi Investment Authority agreed to invest in Citigroup Inc., prompting investors to buy higher-yielding assets with loans from Japan.
Japan's currency fell the most in two weeks against the dollar after Citigroup, the biggest U.S. bank, said in a statement it agreed to sell a stake for $7.5 billion. It dropped the most against the New Zealand and Australian dollars, favorites of so-called carry trades.
``News of the Abu Dhabi investment seems to be reviving investors' appetite for carry trades,'' said Nobuaki Tani, a client manager in Tokyo at Resona Bank Ltd., a unit of Japan's fourth-largest publicly traded lender. ``The yen is being sold.''
The Japanese currency declined to 108.53 versus the dollar at 1 p.m. in Tokyo from 107.41 late in New York yesterday, when it reached 107.23, the strongest since June 2005. It also fell to 161.46 per euro from 159.72. The yen may fall to 108.80 against the dollar and 162.00 per euro today, Tani said.
Japan's currency also snapped a two-day advance against the dollar as Japanese mutual funds with the equivalent of $6 billion plan to start investing in foreign assets from today, according to data compiled by Bloomberg.
Citigroup sold equity units that will convert into common shares, and Abu Dhabi Investment, the sovereign wealth fund of Abu Dhabi, one of the United Arab Emirates, has agreed not to own more than 4.9 percent of the bank's common shares, according to a press release distributed by Business Wire.
Carry-Trade Favorites
Against New Zealand's dollar, Japan's currency dropped to 82.53 from 80.63 late yesterday in New York. It also slid to 95.54 versus Australia's dollar from 93.44.
The biggest U.S. bank said Nov. 4 it may have to write down $11 billion in subprime mortgage-linked securities, following $5.9 billion of related credit and trading losses. HSBC Holdings Plc faces $12 billion in additional writedowns for subprime defaults, Goldman Sachs Group Inc. said yesterday.
The world's largest securities firms and banks have announced more than $45 billion of losses in the third and fourth quarters from writedowns of collateralized debt obligations and other instruments backed by subprime loans.
``The initial reaction is to sell the yen,'' said Takuma Kurosawa, global markets treasurer at HSBC Bank in Tokyo. ``This shows that banks troubled by subprime loans can still find sponsors. Global financial markets and risk appetite may stabilize.''
To contact the reporters on this story: Kosuke Goto in Tokyo at [color=#0000ff][email protected][/color] ; Ron Harui in Singapore at [color=#0000ff][email protected][/color] ;
Last Updated: November 26, 2007 23:18 EST

http://www.bloomberg.com/apps/news?p...TnA&refer=home
[
  • #4,837
  • Nov 27, 2007 1:05am Nov 27, 2007 1:05am
in a case like this which trend is this.
wait,
somebody said it is good to buy when 60 crosses 200 and vvice versa
and imran says when price is below the 200 and daily pivot its better to short .
tthen in a ase like this what do i do
which trend is this well and any other explanation.
thankx everybody
  • #4,838
  • Nov 27, 2007 1:05am Nov 27, 2007 1:05am
Quoting Aaragorn
A friend of mine suggested I check out this system and if possible program an EA for it.

I have looked back thru the preceding 5 or 6 pages and don't find an EA for the system itself but what appear to be indicators etc.

I would be happy to look at making an EA for this but want to ask if one exists before I start from scratch?

Assuming one does not exist already, do all the components exist and/or are they available or could they be available to me to use to program this?

I'm happy to work at debugging an EA if it exists already, or start from scratch. Any assistance getting the system all together so I can start on it is appreciated.
I don't believe there is an EA for this yet.... Just some indicators.. and we are all egarly awaiting the LISPA2 indicator...
  • #4,839
  • Edited 1:33am Nov 27, 2007 1:12am | Edited 1:33am
Would someone please help me to figure out: Why this LONG has failed?

All indicators are aligned to up (stat as pink vertical line), and there is no important S/R around, price above D.Pivot and bounced from EMA200 (the 3rd times from yesterday), broken both center of BB and EMA 60, all shown as long bias (to me at least).

but It failed immediately after enter long trade.

What am I missing?
Attached Image
- Ray Tracy - Novice forex trader from GMT+8
  • #4,840
  • Nov 27, 2007 1:15am Nov 27, 2007 1:15am
in a case like this which trend is this.
wait,
somebody said it is good to buy when 60 crosses 200 and vvice versa
and imran says when price is below the 200 and daily pivot its better to short .
tthen in a ase like this what do i do
which trend is this well and any other explanation.

or which other way can you educate me in getting what the trend is

thankx everybody
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