The template is located along with ALL the indicators for you to download in Imran's first post in this thread. Please go to the first page of this thread and you will find it there.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- #4,966
- Nov 28, 2007 6:38am Nov 28, 2007 6:38am
Ohhh....I think you found my missing part. OK, this is a validation rule which I didn't really watch.
By the way, there are still many examples in PDF(or posted chart) did not validate by this rule, but still recognized as good trade. I am not sure should I wait to the green line cross zero? since this cross could be very late.
This is where the experience comes in along with other factors such as is it a ct, a reversal/correction, position of ma's, bollinger bands, etc... You don't always need this for confirmation, I just gave you an example of a good solid and strong trade. There are many good trades that do not have the macd lines crossing thru the zero line. It boils down to experience and confidence in your trading skill. Imran has provided the tools, we still need to use our judgement and experience when trading. This is why some people make money with it and others have a difficult time with it. Experience, patience, and practice will have you on the plus side
with this system. I wish you the best.Nick
- #4,975
- Nov 28, 2007 7:23am Nov 28, 2007 7:23am
Peter, of course it was a good long signal - 4 hours later we can see it was a successful trade! If it had been a losing trade? Well, we were below the Daily Pivot, the price was consolidating, blah blah, and the trade shouldn't have been taken!
This is a super system for all you Monday morning quarterbacks out there!
Why don't you trading superstars (90% winners!) take up the challenge that many have set you and you have all ignored, and start calling live trades as you see them? Maybe you could start your own journal with this method, like the real traders on FF have done? Just think....you will be able to call those perfect 200 pip set-ups as they happen, and not 8 hours after the event! You can even limit your calls to those "perfect" set-ups that occur 5-6 times a day, that no-one else is able to find!
Maybe then you will get the respect of the real traders out there...who are strangely absent from this thread....why is that I wonder?
I look forward to seeing your analysis of the NY session.....probably some time tomorrow morning!
No doubt Imran will get me banned again for this post. So, good luck, quarterbacks!
- #4,976
- Edited 7:41am Nov 28, 2007 7:28am | Edited 7:41am
- | Commercial User | Joined May 2007 | 1,464 Posts
- #4,977
- Nov 28, 2007 7:29am Nov 28, 2007 7:29am
Morning,
Would be nice to see live calls here on Imran's site...I follow other forums,4 hour MACD,james 16...guys/gals posting live calls...for good or bad...its a learning process or well as could be a winning process until one becomes a successful fisherman.
Sunil in sunny Arizona.
Would be nice to see live calls here on Imran's site...I follow other forums,4 hour MACD,james 16...guys/gals posting live calls...for good or bad...its a learning process or well as could be a winning process until one becomes a successful fisherman.
Sunil in sunny Arizona.
- #4,978
- Nov 28, 2007 7:33am Nov 28, 2007 7:33am
Morning,
Would be nice to see live calls here on Imran's site...I follow other forums,4 hour MACD,james 16...guys/gals posting live calls...for good or bad...its a learning process or well as could be a winning process until one becomes a successful fisherman.
Sunil in sunny Arizona.
Would you be so kind to post the links to these systems you mentioned that also post real live trades. It would help me a lot to filter out systems not worth learning. Thank you.
- #4,980
- Nov 28, 2007 7:36am Nov 28, 2007 7:36am
- | Commercial User | Joined May 2007 | 1,464 Posts
Morning,
Would be nice to see live calls here on Imran's site...I follow other forums,4 hour MACD,james 16...guys/gals posting live calls...for good or bad...its a learning process or well as could be a winning process until one becomes a successful fisherman.
Sunil in sunny Arizona.
if all start to post live calls, the system looses its relevance, this needs so many inputs and so many things to check before a trade is taken, any one who without understand the indicators just take the live calls, it will be disaster, there are lots of other things as risk management, money management ,
I can only give out trades when i am free, coz when ur trading, there has to be full concentration on trades
I am just one year old and dont consider myself so big to start giving live calls and then once people get used to it.,open a private site and start to charge
This system will be always free, never will i start charging people
we all got to learn together and go ahead