Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 266 | Forex Factory

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

  • #5,301
  • Dec 1, 2007 8:49am Dec 1, 2007 8:49am
i have seen EA selling for 3 grand on ebay, amaizing.i call EA s monsters,you never know what they gonna do next.
  • #5,302
  • Dec 1, 2007 9:18am Dec 1, 2007 9:18am
I personally have see ea's ruin accounts.there too mechanical and trading is more art than robotic..just my thoughts though
Push yourself to your fullest potential!!
  • #5,303
  • Dec 1, 2007 9:44am Dec 1, 2007 9:44am
Quoting viking1975
Hi imran, You gave away my secret on the 1min charts...lol..just kidding ya bro...I have been trading the 1m with the 60/200 ema with the red laq and have been tearing up the pips. I have been trading the E/J and U/C with it and follow the financials at the sametime...i've had two huge weeks trading this way. 300 to 500 pips a day trading 10 hrs a day. I know we all want to make things 100 percent to system is but if you learn price action and keep things simple you will astounded with your pips. Also follow the volatility of the other markets and you will know if the trading day is going to choppy or trending. Just my two cents!

Cheers,
Chris
Hi chris
Long time no see, do drop in sometimes, i know ur really busy making those pips
You bet the 60/200 crossover is amazing, and i have been using it since i started out after being introduced by my mentor, those things are really amazing, but it needs experienced eyes to trade, not meant for the ones who are just starting out
take care and look forward to seeing more of you , you know where i mean
  • #5,304
  • Dec 1, 2007 10:02am Dec 1, 2007 10:02am
Hi imran,
Yes you need to be experienced to trade 1m charts..after alot of practice do you get the feel for it. I'll post some trade set-ups next week for everyone new to get a feel for how to trade this style of trading. I just want to throw in some observations i've noticed lately. I know everyone wants to question imran about why he didn't follow his rules in that instance and this and that. BUt the key to learning a system is to use it as your background but also learn the art of trading. I will tell you know that this is meant as a guide and what you learn from the guide will grant you many pips. Look forward to everyone's contributions and thank you imran for giving soo much of yourself on this thread.

Many pips to all!
Chris
Push yourself to your fullest potential!!
  • #5,305
  • Dec 1, 2007 11:25am Dec 1, 2007 11:25am
Quoting viking1975
Hi imran,
Yes you need to be experienced to trade 1m charts..after alot of practice do you get the feel for it. I'll post some trade set-ups next week for everyone new to get a feel for how to trade this style of trading. I just want to throw in some observations i've noticed lately. I know everyone wants to question imran about why he didn't follow his rules in that instance and this and that. BUt the key to learning a system is to use it as your background but also learn the art of trading. I will tell you know that this is meant as a guide and what you learn from the guide will grant you many pips. Look forward to everyone's contributions and thank you imran for giving soo much of yourself on this thread.

Many pips to all!
Chris

Hi Chris,

I too have been experimenting with a 60/200 cross system on E/J on 5 min timeframe. I find that i'm havin too many false signals and not worked out when to close a trade. How do you use the lags to gain confimation?
Would be grateful if you could give me a few tips.

Thanks

Amarjit

p.s. you can email me if you wish on [email protected] because i know this thread is not strictly about this system, thanks again
  • #5,306
  • Dec 1, 2007 12:01pm Dec 1, 2007 12:01pm
Hi Amarjt,

I use both laqs as confirmation to make trade and a qqe to help filter out trades. Imran's system is very flexibile and he would be the first to tell you it is. First off you need to use at least a 5m and 1m time frame. If both ema's on both time frames are looking to cross you can lesser your false signals right there. If laqs on both time frames are doing the same thing again you have confirmed a very safe and very potentially profitable trade. Now the essence lies in to protect your profits. If your trading the E/J i move my stop to 5 pips gain at 15 to 20 pips. Once you have 30 to 40 pips close out first lot and I place second lot at 15 pips profit and lock in step by step as it moves more and more..i exit on 60/200 crossover...red laq signaling down..or a combination of both. Also time of day is factor along with financial markets open at the time of day your trading. If you see the Dow make a big nose dive fast. Exit your long trade right away as the currecny market may make a move as well.

Hope this helps you!

Chris
Push yourself to your fullest potential!!
  • #5,307
  • Dec 2, 2007 3:03am Dec 2, 2007 3:03am
Quoting viking1975
Hi Amarjt,

I use both laqs as confirmation to make trade and a qqe to help filter out trades. Imran's system is very flexibile and he would be the first to tell you it is. First off you need to use at least a 5m and 1m time frame. If both ema's on both time frames are looking to cross you can lesser your false signals right there. If laqs on both time frames are doing the same thing again you have confirmed a very safe and very potentially profitable trade. Now the essence lies in to protect your profits. If your trading the E/J i move my stop to 5 pips gain at 15 to 20 pips. Once you have 30 to 40 pips close out first lot and I place second lot at 15 pips profit and lock in step by step as it moves more and more..i exit on 60/200 crossover...red laq signaling down..or a combination of both. Also time of day is factor along with financial markets open at the time of day your trading. If you see the Dow make a big nose dive fast. Exit your long trade right away as the currecny market may make a move as well.

Hope this helps you!

Chris

Hi Chris,

thank you for this information. I'm looking forward to the screenshots you'll be publishing!

bye
Ohka
  • #5,308
  • Dec 2, 2007 4:23am Dec 2, 2007 4:23am
Quoting steven
hello

a little edge whoever trading jpy pairs, watch and learn volatility index its leading indicator! in case you dont know how to use it just google it or pm me and i give you some rundown,hope it helps.
http://finance.yahoo.com/charts#char...urce=undefined
can you explain VIX-GY?
  • #5,309
  • Dec 2, 2007 9:20am Dec 2, 2007 9:20am
hi Imran

i just came across this method. i've downloaded the pdf file along with the indicators. i'll start from the beginning but do you feel its necessary to read all the posts? has the method evolved much since the beginning? i'll be more than happy to read what's necessary. thanks
  • #5,310
  • Dec 2, 2007 9:55am Dec 2, 2007 9:55am
Quoting pipette4x
hi Imran

i just came across this method. i've downloaded the pdf file along with the indicators. i'll start from the beginning but do you feel its necessary to read all the posts? has the method evolved much since the beginning? i'll be more than happy to read what's necessary. thanks
Hi
I know it will be very difficult, but u will learn lots of things when u see the trades taken , so this will give u a faster insight at how this programs works

The method has evolved but the basic indicators like laguerre and emas , pivots are same,
  • #5,311
  • Dec 2, 2007 10:42am Dec 2, 2007 10:42am
Guys

here is a long term chart and the immediate targets if setup for long or short comes on chart

For Long trade setup - First Target would be the 50% retrace at 231.31

For Short trade setup - First target would be the 23.6% retrace at 226.01

Good luck to all, this week is heavy with news so expect lots of votality
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.gif Size: 21 KB
  • #5,312
  • Dec 2, 2007 12:30pm Dec 2, 2007 12:30pm
good videos for bollinger, fibonnaci, trendline and pivots

http://www.youtube.com/profile?user=abstraxis

I dont endorse youtube or the author, just watch the education videos
  • #5,313
  • Dec 2, 2007 2:41pm Dec 2, 2007 2:41pm
looks like a signal is about to happen on gbp/jpy on 5m
  • #5,314
  • Edited 3:14pm Dec 2, 2007 2:50pm | Edited 3:14pm
My red lag is pointed straight down? are you talking about a long?\

its also at a 50% retrace from gap to bottom.


Quoting bmwboyee
looks like a signal is about to happen on gbp/jpy on 5m
  • #5,315
  • Dec 2, 2007 2:59pm Dec 2, 2007 2:59pm
maybe I am not trading this right, picture is attached.
Attached Image
  • #5,316
  • Dec 2, 2007 3:19pm Dec 2, 2007 3:19pm
I'm new too the strag. but its my understand that you would pass on this based on the red lag going down. you want to wait for it to hit bottom and hang there first or be part of the way up for a long.

also based on price action and fib lines i would not pull the trigger.

i would however look to go long now for small scalp off the pull back to the pivot. with a stop just below the pivot. but this is an agg setup.

i would ask that someone more experienced with Imran system answer bmwboyee also.

thanks,
doug



Quoting bmwboyee
maybe I am not trading this right, picture is attached.
  • #5,317
  • Dec 2, 2007 4:34pm Dec 2, 2007 4:34pm
Quoting bmwboyee
maybe I am not trading this right, picture is attached.
drkyle is right. This has to be considered as a counter-trend move and may be it is over. Now, it may go back down or go sideways. Risky to enter. Just pass. Even if it goes up, thats not according to what we are looking for.
Quote
its my understanding that you would pass on this based on the red lag going down. you want to wait for it to hit bottom and hang there first or be part of the way up for a long.
chandra
  • #5,318
  • Dec 2, 2007 5:29pm Dec 2, 2007 5:29pm
Dear Imran,
Allow me to use ur system.
I did notice that even blue lag and stoch histo/or macd had triggered a move it seems that chandra SAS/or lispa2 didn't triggered.Are this two signal used a different set level of fullfilment?
Thanks to all of U.

I'm super newbie,give me direction.
Happy Trading
  • #5,319
  • Dec 2, 2007 5:50pm Dec 2, 2007 5:50pm
Quoting Dat7447
Dear Imran,
Allow me to use ur system.
I did notice that even blue lag and stoch histo/or macd had triggered a move it seems that chandra SAS/or lispa2 didn't triggered.Are this two signal used a different set level of fullfilment?
Thanks to all of U.

I'm super newbie,give me direction.
Happy Trading
Hi Dat,

The chandra-SAS is totally different system.

LISPA2 is correct and mostly it should match the manually seen signal. Sometimes it may not, due to programming difficulties, but most of the time it should match. It also looks at red lag. If the red lag is moving against blue lag, there will not be any signal.

chandra
  • #5,320
  • Dec 2, 2007 5:54pm Dec 2, 2007 5:54pm
Thanks Chandra.Don't u sleep?
To Imran again.

You seems to favour an uptrend and not continuation of DT.Can u provide us the current sentiment of carry trades/DJI..(even we're doin scalping here, but may be TA give us an insight of major trend-and I'm not entering opinion of Karmosarji vs Markam-guys,sorry if I spell your name wrongly)
Thanks.
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