Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 267 | Forex Factory

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

  • #5,321
  • Dec 2, 2007 8:20pm Dec 2, 2007 8:20pm
that type of setup - not always, but more likely is to be a retracement.

Quoting bmwboyee
maybe I am not trading this right, picture is attached.
  • #5,322
  • Dec 2, 2007 9:29pm Dec 2, 2007 9:29pm
thanks for the help!
  • #5,323
  • Dec 3, 2007 12:51am Dec 3, 2007 12:51am
AUDUSD sell brewing at the hourly resistance; LIPSA 2 likely waiting n StochHist and Upward BB. Longer term levels also at play though.
  • #5,324
  • Dec 3, 2007 12:55am Dec 3, 2007 12:55am
Salam Imran Sait, could you help me? How can I set the chart you are using? Thanks. Kusni

[email protected]
Theres' light at the end of the tunnel....
  • #5,325
  • Dec 3, 2007 1:49am Dec 3, 2007 1:49am
more hocus pocus
  • #5,326
  • Dec 3, 2007 2:19am Dec 3, 2007 2:19am
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

Thanks for this explanation, Chris.
I've been used to trading longer time frame.
This is exactly the info I needed to focus trading
on a faster shorter time frame.
Appreciate everybodies imput on this thread of
Iran's system.
CE
I get exercise just pushing my luck
  • #5,327
  • Dec 3, 2007 4:03am Dec 3, 2007 4:03am
i think am interested in this crossovers cos i have checked it a bit but hel me wiwth some thing, the tp and sl

Quoting imransait
just trade the 60/200 ema crossovers in 1 min timeframe, you will be amazed at the success u will get only with this, no need for any other indicator. This is true for any other pair, its left to you to take profits or let it crossover in reverse to exit a trade and renter in opposite direction.

I am going to have a new thread based only on these crossovers soon

imran
  • #5,328
  • Dec 3, 2007 6:10am Dec 3, 2007 6:10am
Actually just wanted to have a word with you, hope you are well.
Request you kindly contact me sometime,when its possible, or if you could drop me an email.

I am trying to send PM here but its not letting me. If you get some free moments,please get in touch.

Take Care bro!

God Bless You!

Regards
Saurabh
  • #5,329
  • Dec 3, 2007 8:25am Dec 3, 2007 8:25am
I dont know if I should ask this here but when I first loaded the template awhile ago I had a red or blue arrow indicating a short or long. But last week I had to reinstall MT4 and reload the template. Now I do not have the arrows. What do I have to add to the template to get the arrows again?
  • #5,330
  • Dec 3, 2007 8:49am Dec 3, 2007 8:49am
hello

some people were asking me about market correlation ,so i put a small explanation together,hope it helps some of you
Attached File(s)
File Type: pdf market correlation.pdf   11 KB | 965 downloads
  • #5,331
  • Dec 3, 2007 9:40am Dec 3, 2007 9:40am
[quote=wesvista;1741867]I dont know if I should ask this here but when I first loaded the template awhile ago I had a red or blue arrow indicating a short or long. But last week I had to reinstall MT4 and reload the template. Now I do not have the arrows. What do I have to add to the template to get the arrows again?[/quote

My best guess is you probably have to reinstall the indic corresponding to this alert in your indic folder. The template will not work properly if all the corresponding indics are not here.
AL
AL
  • #5,332
  • Dec 3, 2007 9:46am Dec 3, 2007 9:46am
Great PDF. I scalp (primarily the Eur/Yen Cross - Better spread the gbp/yen) and always make sure the 1hour charts for the S&P and Dow are moving the same way.

If you don't have charts for these go to Aleccohfx.com. They have charts for all the indexes, gold, silver, oil ect.....
  • #5,333
  • Dec 3, 2007 11:03am Dec 3, 2007 11:03am
2 charts att
Attached Image (click to enlarge)
Click to Enlarge Name: 8 key trading times of NY session.jpg Size: 55 KB
Attached Image
  • #5,334
  • Dec 3, 2007 11:11am Dec 3, 2007 11:11am
att
Attached File(s)
File Type: ex4 All_usd_pair.ex4   11 KB | 640 downloads
File Type: ex4 ADX MTF.ex4   16 KB | 644 downloads
File Type: tpl multi pair graph v1.tpl   19 KB | 661 downloads
  • #5,335
  • Dec 3, 2007 11:35am Dec 3, 2007 11:35am
chief i salute
how far
let me have your yahoomsg or your email so we can chart
with due respect sirrrrrrr


keep scalping
  • #5,336
  • Dec 3, 2007 11:37am Dec 3, 2007 11:37am
Dear Imran Sait

Congratulation on writig the 5min strategy. I am using FXCM TRADING Station. In FXCM we donot have LaGuerre 1&2 indicators. Kindly advise alternatively which indicator we can usetoreplace LaGuerre indicator

Thanks
TASEEN kHAN
[email protected]
  • #5,337
  • Dec 3, 2007 11:38am Dec 3, 2007 11:38am
Its 12.30 est - is it me or is the market dead today, anybody know whats going on, the news didn't do anything great either ?????

any idea fx ninja ??
  • #5,338
  • Dec 3, 2007 11:54am Dec 3, 2007 11:54am
Quoting mrjtdude
more hocus pocus

Care to ellaborate?
  • #5,339
  • Dec 3, 2007 12:00pm Dec 3, 2007 12:00pm
Recent EURGBP contra buy appears supported by longer term charts to my eye.
  • #5,340
  • Dec 3, 2007 12:01pm Dec 3, 2007 12:01pm
Hello everyone,

I've been reading this thread off/on for several days and since I've already been using Lag filters on another very similar system, I decided to give this system a try. However, I decided to use the M15 timeframe and set a demo trade on the first signal I got in the Asian session last nite going LONG. I set a 30 pip SL and a 40 pip TS and let it run while I slept. I woke up this morning with +22 pips, which means the move actually went about 70 pips to the good before the retrace that hit my TS. If I had been awake, I would probably have closed out for about 50. There were no other good signals on M15 last night.

However, I did some closer analysis this morning and I discovered that I would have had a much better situation on M5. The entry I took from M15 never materialized on M5, but the SHORT move that followed it would have netted around 100 pips. That move was soon followed by a LONG signal, also for around 90-100 pips.

M1 is just too fast for my broker spread and personal tastes...M15 is just too slow. Ahhh....but M5 looks juuuuust right.

Here's the two setups for M5...
http://creations4christ.com/forex/gj_100pips_x2.gif



Here's the same entries in M15 with my actual trade entry taken earlier.
http://www.creations4christ.com/forex/gj_m15_22pips.gif



And missed this 50pip setup this morning just after news at 10am.
http://www.creations4christ.com/fore...ps_aftnews.gif
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