We could create a separate thread where only images and possible setups during the day would be posted without all that blabla talking happening here. Adding some stats about how the setups ended could help us improving strategy here or there ..
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- #4,981
- Nov 28, 2007 7:37am Nov 28, 2007 7:37am
- | Joined Jul 2007 | Status: Trader | 1,399 Posts | Online Now
guys
short call about to trigger, keep ur Sl at the recent high + 10 pips and target 225.60
Wait for candle close, stoch to negative and lag 1 to below .85
News is coming out so better to just stay out and wait till all the news subsides,
your call on the short here - i see a couple of issues :
it will be a counter trent entry
the lg2 is pinned to the top - upward still valid
stochs still not crossed
60ma above 200 and good upward angle
prices above dp
are my observations valid and sorry to bother you but still waiting response to my previous questions.
- #4,992
- Nov 28, 2007 8:28am Nov 28, 2007 8:28am
- | Commercial User | Joined May 2007 | 1,464 Posts
Imran,
your call on the short here - i see a couple of issues :
it will be a counter trent entry
the lg2 is pinned to the top - upward still valid
stochs still not crossed
60ma above 200 and good upward angle
prices above dp
are my observations valid and sorry to bother you but still waiting response to my previous questions.
thats why i only come here when am already in a trade or out of it
I may have missed out on ur other question, can u pls resend it
Imran,
I have just finished reading through the thread, every page and would like to put my observations and suggestions forward here. This is in NO WAY to offend anybody.
Imrans idea is to have the simplest trading strategy with the min. of indicators - I think the problem is most of us are not trying to read and understand the Lags but try to keep adding more, incl me (less is good!) after all indicators say the same thing AFTER price. I hope i have conveyed this well.
1) need to have the rules updated with additional info on entry rules including BB, emas, trend etc. (i know you are working on this)
2) Please confirm the settings, they keep changing as I mentioned on my previous post like the macd and lg values are different on your chart than what we use as per post one pdf
3)Have a FAQ included at the end of the pdf file for rules (when some questions are asked, you know the pdf has not been read/understood), I have done that !!
4) Have a sequential checklist of what to see on the chart first, second etc.
At this time I do understand that this is asking for a lot and i am only asking this because I want us all to build this system to the max. and you have done a great job here, we want to help and make it easier so that you don't have to answer the same question 3 times a day, just refer that to the first post as is being done now.
Although i am not very experienced i would like to help and please do not hesitate to contact me at anytime, and this goes to all on this thread.
I have just finished reading through the thread, every page and would like to put my observations and suggestions forward here. This is in NO WAY to offend anybody.
Imrans idea is to have the simplest trading strategy with the min. of indicators - I think the problem is most of us are not trying to read and understand the Lags but try to keep adding more, incl me (less is good!) after all indicators say the same thing AFTER price. I hope i have conveyed this well.
1) need to have the rules updated with additional info on entry rules including BB, emas, trend etc. (i know you are working on this)
2) Please confirm the settings, they keep changing as I mentioned on my previous post like the macd and lg values are different on your chart than what we use as per post one pdf
3)Have a FAQ included at the end of the pdf file for rules (when some questions are asked, you know the pdf has not been read/understood), I have done that !!
4) Have a sequential checklist of what to see on the chart first, second etc.
At this time I do understand that this is asking for a lot and i am only asking this because I want us all to build this system to the max. and you have done a great job here, we want to help and make it easier so that you don't have to answer the same question 3 times a day, just refer that to the first post as is being done now.
Although i am not very experienced i would like to help and please do not hesitate to contact me at anytime, and this goes to all on this thread.
