Honestly, to me it just seems best to use MT4 along side with your broker, if you're going to be following this thread. Is that option available to you?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- #6,249
- Feb 6, 2008 2:42am Feb 6, 2008 2:42am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
play nice now 
Don't chase the market, Let the market come to you
Hi me4x,
Here is one trade I took on Thursday. Friday I did not like the charts that much (after NFP) and I did only two scalps from 1M chart (10 pips each), which I am not going to show here.
Here two points are marked (#, *). The # is a good one I would have taken if I was watching (but I did not). The * one I took. It was after an up move, at M2 (Lime), triangle consolidation at prior trendline (red trendlines), at 60-EMA-Blue (above 25-EMA-Lime, my personal addition). The Blue lag came down for the correction and started to move back up, while the red lag stayed above. I was thinking there could be another up-leg with potential target of DP (aqua). I entered at the break of prior candle (also, trendline and 60-EMA) with SL below the bottom trendline and TP was DP (for 40 pips). It was one of the smoothest moves I got recently.
Chandrs, I see that with both entry points the lags are at almost extremes, eg # - both were below 0.15 and * - the red was above 0.85 and blue at about 60-65, wasn't that risky, they could have turned around. I thought trades were to be entered when lags were below 0.15 and above 0.85 and are TURNING to change direction and move below these levels.
Like you say descretion is very much in play also.
i think Imran has said if blue lag is below/above 0.45 and supported by red lag moving in same direction a trade can be entered, but you were way too close to the levels 0.15 and 0.85 (just my thought - nothing wrong with it)
Thank you for sharing this with us and keep posting some more regularly.
Your analysis on the chart has shown me i can still enter where I in the past i have been thinking its too late and also that you have to clear the path of all nuances before pulling the trigger.
The Signals are from LISPA2 with EMAFilters=1 (everything else is default). As you can see, both these chances came long after the signals and so still I have to watch the charts (I could have entered right after signal, but then SL would have been much higher).So, some of my charts are dark, to reduce staring at bright screen.
Some rules I might not have followed (so use with care). I do use 200-EMA sometimes, but only as a potential target. I am also looking at 1M and 15M charts for more chances.
chandra
Hi everyone
The undersea cable cut problem cut me off from the rest of you guys for some days, and i appreciate the concern many of you had , recieved tons of emails and PM's ( box is full ).
many of you know i am also managing a pooled a/c and thats the reason for me concentrating on it and also not posting much here, i will start to reply and post some charts here over the weekend
on the pooled a/c, its been doing gr8 so far, touchwood and its up 150% up last 30 days and it will end by Feb end . I am lauching another one by End of March, details of which i am working on, will update you guys here on that
Regards
Imran
P.s : Net connection is still on and off, so if you dont see me here, dont worry, once net connection stablizes, i will be here on regular basis
We would love to see the results of the pooled a/c and also if you could post some charts with actual trades taken for the pooled a/c. Hope to see your posts soon
Hi everyone
The undersea cable cut problem cut me off from the rest of you guys for some days, and i appreciate the concern many of you had , recieved tons of emails and PM's ( box is full ).
many of you know i am also managing a pooled a/c and thats the reason for me concentrating on it and also not posting much here, i will start to reply and post some charts here over the weekend
on the pooled a/c, its been doing gr8 so far, touchwood and its up 150% up last 30 days and it will end by Feb end . I am lauching another one by End of March, details of which i am working on, will update you guys here on that
Regards
Imran
P.s : Net connection is still on and off, so if you dont see me here, dont worry, once net connection stablizes, i will be here on regular basis
Nice to see you again!!