Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 275 | Forex Factory

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Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

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

  • #5,481
  • Dec 6, 2007 9:35pm Dec 6, 2007 9:35pm
EURJPY and EURUSD at the moment
  • #5,482
  • Dec 6, 2007 9:46pm Dec 6, 2007 9:46pm
Hey guys here is a trade I entered.
Did I enter correctly?

Please advise.

The MACD and Stoch had both turned from positive to negative.
Lags were turning down, but I see now that they were not below .85.

SO I guess based on that that it was not a valid entry, for later it turned positive again.

To tell the truth the 60 and 200 emas were kinda flat and this pair has been in consolidation on the 1 min chart for a while.

I just got anxious waiting on a trade so I preempted the system.

well I am just practicing so we will see.

the reason why I entered early was that the indicators seem to lag and it enters the move late losing some precious pips. I thought I could enter it early just based on the MACD and stoch but I guess not.

I'm still tweaking it.

T
Attached Image (click to enlarge)
Click to Enlarge Name: Dec 6,2007- 10-36pm ej.gif Size: 33 KB
  • #5,483
  • Dec 6, 2007 9:49pm Dec 6, 2007 9:49pm
USDCAD also help that fibo we mentioned last night; may be worth another short look on a rebound
  • #5,484
  • Edited 10:09pm Dec 6, 2007 9:52pm | Edited 10:09pm
Guru, Not sure if that's the curent chart, but I went long a few minutes back; out quickly for 10...can go either way if you have a plan. Trading the one-min purely is tough for me; can use it to trigger a 5 though - it gives a better entry.
  • #5,485
  • Dec 6, 2007 10:30pm Dec 6, 2007 10:30pm
There's your 10 the other way on EURJPY guru; stay quick and don't be greedy; it's either a scalp or a position. Can only be both if you're a little lucky.
  • #5,486
  • Dec 6, 2007 10:54pm Dec 6, 2007 10:54pm
Thanks alexandra.

I will try to use the 5 min charts from now on.

they seem easier, though take some more time.

Here are some trade setups that I missed and only caught in hindsight.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dec 6,2007- 11-20pm ej.gif Size: 45 KB
Click to Enlarge Name: Dec 6,2007- 11-41pm ej 1min.gif Size: 36 KB
Click to Enlarge Name: Dec 6,2007- 11-44pm ej 5min.gif Size: 42 KB
Click to Enlarge Name: Dec 6,2007- 11-47pm gbpjpy 5min.gif Size: 43 KB
  • #5,487
  • Dec 6, 2007 11:29pm Dec 6, 2007 11:29pm
I'm seeing tremendous setups witht hsi method across all the majors and the jpy crosses. this is tremendous, thank you so much Imran.

god bless you richly.

I am relatively new to this method, having only discoveerd it in the last two weeks.

I have read from pages 1-66 and pages 292- 366. I have not read all the posts yet, but what I have read is quite interesting.

I am now viewing thes setups and am taking a few demo trades.

I intend to do this live with mini lots starting next week.
Thanks everyone for your advice and support.

at first I thought the charts were confusing and I got false signals from the LISPA indicator, However once I strted to use the imran 1min sclap template and the pipskateer template things dramatically improved.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY Before template.gif Size: 68 KB
Click to Enlarge Name: EURJPY After template.gif Size: 42 KB
  • #5,488
  • Dec 7, 2007 3:51am Dec 7, 2007 3:51am
Quoting tradeguru
I'm seeing tremendous setups witht hsi method across all the majors and the jpy crosses. this is tremendous, thank you so much Imran.

god bless you richly.

I am relatively new to this method, having only discoveerd it in the last two weeks.

I have read from pages 1-66 and pages 292- 366. I have not read all the posts yet, but what I have read is quite interesting.

I am now viewing thes setups and am taking a few demo trades.

I intend to do this live with mini lots starting next week.
Thanks everyone for your advice and support.

at first I thought the charts were confusing and I got false signals from the LISPA indicator, However once I strted to use the imran 1min sclap template and the pipskateer template things dramatically improved.
Guru, you have some indicators on the top right hand side of your charts - What does that tell you and where did you get it from? seems like a quick market snap-shot thingy..
- Syd [dust is my bed...]
  • #5,489
  • Dec 7, 2007 6:10am Dec 7, 2007 6:10am
Quoting syedks
Guru, you have some indicators on the top right hand side of your charts - What does that tell you and where did you get it from? seems like a quick market snap-shot thingy..

I got it from this forum thread, it was in a post by pipskateer, its part of the pipskateer_imran Template.

It is supposed to tell me how the other time frames look like.
  • #5,490
  • Dec 7, 2007 6:24am Dec 7, 2007 6:24am
can you please post that specific indicator in your top right of the screen.

Thanks.
  • #5,491
  • Edited 7:57am Dec 7, 2007 6:32am | Edited 7:57am
Quoting jcblcs79
can you please post that specific indicator in your top right of the screen.

Thanks.

See post 5010 of this thread for the indicator you're talking about. Fx-Ninja posted it there. CJA gets the credit for making it I believe. It's on page 334, Also note cja's proceding link for updated version
  • #5,492
  • Dec 7, 2007 6:33am Dec 7, 2007 6:33am
thanks
  • #5,493
  • Edited 11:28pm Dec 7, 2007 7:10am | Edited 11:28pm
Quoting dbeach777
See post 5010 of this thread for the indicator you're talking about. Fx-Ninja posted it there, and I believe credit goes to him for making that... not sure though. It's on page 334

You will find the latest version on a new Thread and the Original Signal Bars Thread here at tsd

http://www.forex-tsd.com/tools-utili...on-helper.html

http://www.forex-tsd.com/tools-utili...l_bars_v7.html

Here is a zip file with the 2 ex files - Enjoy

Attached File(s)
File Type: zip #Signal_Bars_v7.zip   74 KB | 1,617 downloads


cja
Trade what you see not what you hope
  • #5,494
  • Dec 7, 2007 8:00am Dec 7, 2007 8:00am
Quoting cja
You will find the latest version on a new Thread and the Original Signal Bars Thread here at tsd

http://www.forex-tsd.com/tools-utili...on-helper.html

http://www.forex-tsd.com/tools-utili...l_bars_v7.html

cja
Sorry cja, I edited my post... Thanks!
  • #5,495
  • Dec 7, 2007 12:50pm Dec 7, 2007 12:50pm
HI ALL
I am very new to this thread and forex. I read first few pages of this thread and I was looking for LaGuerre Indicator in my trading platform and I didn't find it. I am using Meta-trader 4 FXDD is the broker. Does anyone know where can I find this Indicator?. Any help is appreciated. Thank you all.
  • #5,496
  • Dec 7, 2007 2:01pm Dec 7, 2007 2:01pm
Quoting leo9
HI ALL
I am very new to this thread and forex. I read first few pages of this thread and I was looking for LaGuerre Indicator in my trading platform and I didn't find it. I am using Meta-trader 4 FXDD is the broker. Does anyone know where can I find this Indicator?. Any help is appreciated. Thank you all.

Everything you need is in this tread. All the indics you need are at the very bottom of the first post page one on this tread plus the PDF with instructions.

Have a good week end
AL
  • #5,497
  • Dec 7, 2007 4:06pm Dec 7, 2007 4:06pm
Keep it up your system has helped me in scalping the GBP/JPY, considering its one of the best pairs for scalpers to use I have been looking for many ways to trade it effectively and this has helped me alot. With proper money management and risk assessment I was able to make 50-100 pips constantly.
"Diversification is an excuse for a lack of talent" ~FXC
  • #5,498
  • Dec 7, 2007 4:19pm Dec 7, 2007 4:19pm
Here is a custom alert indicator for MT4 platforms that I find very usefull, along with a short instructional video.
Rod

So this little video is put together to demonstrate this Visual Interface for MT4.

http://www.youtube.com/watch?v=5Ds1BZl78xQ
Attached File(s)
File Type: mq4 Chin Breakout Alert.mq4   17 KB | 887 downloads
Trade what you see, not what you think.
  • #5,499
  • Dec 7, 2007 5:14pm Dec 7, 2007 5:14pm
Quoting maestr2
Here is a custom alert indicator for MT4 platforms that I find very usefull, along with a short instructional video.
Rod

So this little video is put together to demonstrate this Visual Interface for MT4.

http://www.youtube.com/watch?v=5Ds1BZl78xQ

maestr2,
Thanks much. Things like this are what makes trading FX more relaxing than stressful. This EA follows the KISS principle to the tee.
Appreciate your input.
CE
I get exercise just pushing my luck
  • #5,500
  • Dec 8, 2007 9:05am Dec 8, 2007 9:05am
Hi

If this is your indicator which you have developed, its superb job and i congratulate you. This is really good one and i have added to my list of the best indicators to have.

if you more such gems, do let us know.

Imran

Quoting maestr2
Here is a custom alert indicator for MT4 platforms that I find very usefull, along with a short instructional video.
Rod

So this little video is put together to demonstrate this Visual Interface for MT4.

http://www.youtube.com/watch?v=5Ds1BZl78xQ
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