Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 315 | 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

  • #6,281
  • Feb 13, 2008 10:03am Feb 13, 2008 10:03am
Quoting achandrasekaran99
Since I wait until the price breaks from the signal bars range, these indicators do not seem to have any effect. Such break is what I consider more important and usually by that time all indicators agree as well and so I dont check them any more, even though I have them in some charts. Sometimes I enter after a pull back before such break and at that time I will check MT4-Stoch (not the stoch Histogram) and MT4-MACD (also mini-trendline break).

chandra
how about this iam very conf im not understand if lag like this
gj tf 1
http://i31.tinypic.com/24fd508.jpg

gj tf 15

http://i27.tinypic.com/10dxi87.jpg

gu 15
http://i30.tinypic.com/20v15pw.gif

gu 5

http://i31.tinypic.com/2cfwrns.gif

gu 1
http://i31.tinypic.com/9qh8wl.gif
  • #6,282
  • Feb 13, 2008 8:14pm Feb 13, 2008 8:14pm
Quick question....has anyone kept a journal of trades from this system? Where I can look for past results?
Vouch me and I vouch you back !
  • #6,283
  • Feb 13, 2008 8:55pm Feb 13, 2008 8:55pm
Lags look great, but StochHist hasn't [yet?] become negative. I might sell this pair if we see more of a pullback. On H1 trades I aim for at least 100 pips - that's my initial profit target. My stop would be around 212.60, above the high of the last four hours.
What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyshorth1.gif Size: 18 KB
  • #6,284
  • Feb 13, 2008 10:43pm Feb 13, 2008 10:43pm
hey matsf, how do you get lags on alpari, that is what i am using for my demo account?????
  • #6,285
  • Feb 13, 2008 11:42pm Feb 13, 2008 11:42pm
Quoting 6pack
Lags look great, but StochHist hasn't [yet?] become negative. I might sell this pair if we see more of a pullback. On H1 trades I aim for at least 100 pips - that's my initial profit target. My stop would be around 212.60, above the high of the last four hours.
What do you think?
Hi 6Pack,

I don't think this counter trend trade is good. It is highly risky. See what happened exactly 24 hours back. Blue lag came down with MACD and Stoch-Histo signals, but the big move was to upside. So, be careful on the counter trend moves.

Regards,
chandra
  • #6,286
  • Edited Feb 14, 2008 12:11am Feb 13, 2008 11:45pm | Edited Feb 14, 2008 12:11am
Quoting mtrmth
hey matsf, how do you get lags on alpari, that is what i am using for my demo account?????
You have to download any of the Laguerre indicators (.mq4 or .ex4; check the first post attachments) and place it in the MT4\Experts\indicators folder and restart MT4. Then you can attach from Custom Indicators (under Navigator menu). Hope this helps.

chandra
  • #6,287
  • Feb 14, 2008 12:35am Feb 14, 2008 12:35am
Too Bad the thread is dying slowly..............
  • #6,288
  • Feb 14, 2008 12:57am Feb 14, 2008 12:57am
hi guys

seems the thread has lost its sheen, not to worry, i will get back to posting from 1st mar 2008 with help of my core team, till then just practice watching the charts and do post any queries, i will personally answer them this weekend onwards

also i wil be announcing a new pooled a/c details by this weekend, the existing pooled a/c will get over by end of Feb

imran
  • #6,289
  • Feb 14, 2008 1:37am Feb 14, 2008 1:37am
it's dying cuz it never was what it is....don't buy the hype
Push yourself to your fullest potential!!
  • #6,290
  • Edited 3:41pm Feb 14, 2008 1:54am | Edited 3:41pm
Quoting viking1975
it's dying cuz it never was what it is....don't buy the hype
That's not a very nice thing to say. Perhaps it would be better if you assisted in developing and improving the system instead of criticising it in such a way.
  • #6,291
  • Feb 14, 2008 1:56am Feb 14, 2008 1:56am
well i need no relpy..i have been in this thread from the beginning of it
Push yourself to your fullest potential!!
  • #6,292
  • Feb 14, 2008 1:57am Feb 14, 2008 1:57am
my devotion to his thread needs not be questioned....me and the man of this thread will work things out between eachtoher
Push yourself to your fullest potential!!
  • #6,293
  • Feb 14, 2008 2:07am Feb 14, 2008 2:07am
Hi all
just do not worry much abt whats being said and counter said, concentrate on the bigger work and learn and teach people here, thats important, no one is , not even me, i have always welcome criticism as thats makes me to learn more and to trade better , already the system is good enough , if we are disciplined, it can reap wonders, even sometimes out of emotion, i also go against it and then get paid badly coz the market is always out to humble you. i will update the rules from what all i have learnt till now and from others experiences so to make this more safer to trade, expect it by this weekend
  • #6,294
  • Feb 14, 2008 2:11am Feb 14, 2008 2:11am
I want to thank imran for coming back and helping the cause. It's great your giving your wisdom back!!
Push yourself to your fullest potential!!
  • #6,295
  • Feb 14, 2008 2:26am Feb 14, 2008 2:26am
Hi everyone and to all in imran's group..u know who u are,

I want to apologize for my actions and my unkind words to Imran and Chandra..i would like to throw my reborn dedication to the group and to this thread...if imran is willing enough i would like to contribute more and i will ask imran in his gracious heart to let me contribute more...i ask this because i believe in the heart of imran and all traders devoted to his thread.

Chris
Push yourself to your fullest potential!!
  • #6,296
  • Edited 3:15am Feb 14, 2008 3:10am | Edited 3:15am
Quoting viking1975
Hi everyone and to all in imran's group..u know who u are,

I want to apologize for my actions and my unkind words to Imran and Chandra..i would like to throw my reborn dedication to the group and to this thread...if imran is willing enough i would like to contribute more and i will ask imran in his gracious heart to let me contribute more...i ask this because i believe in the heart of imran and all traders devoted to his thread.

Chris
I use part of what I learned from part of this thread But I know it took every thing I had to learn it. Thanks Imran and all. Anyway, I was lucky enough to find this indicator and would like to share it with you all. I thinks it works great with G/J on with it set to daily and with the current close one. Thanks every one.
-Pipimint

"Where feedback flows Intelligence grows"
Attached File(s)
File Type: mq4 Fibo_Series V1.2.mq4   15 KB | 618 downloads
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #6,297
  • Feb 14, 2008 4:27am Feb 14, 2008 4:27am
Quoting imransait
Hi all
just do not worry much abt whats being said and counter said, concentrate on the bigger work and learn and teach people here, thats important, no one is , not even me, i have always welcome criticism as thats makes me to learn more and to trade better , already the system is good enough , if we are disciplined, it can reap wonders, even sometimes out of emotion, i also go against it and then get paid badly coz the market is always out to humble you. i will update the rules from what all i have learnt till now and from others experiences so to make this more safer to trade, expect it by this weekend
Looks like you will have a busy weekend ... looking forward to your new summary and pool account details.

BTW, do you have past results of your first pool account that you could post?
Just my 2 pips worth
  • #6,298
  • Feb 14, 2008 5:34am Feb 14, 2008 5:34am
Quoting achandrasekaran99
Hi 6Pack,

I don't think this counter trend trade is good. It is highly risky. See what happened exactly 24 hours back. Blue lag came down with MACD and Stoch-Histo signals, but the big move was to upside. So, be careful on the counter trend moves.

Regards,
chandra
You're right, thanks for the advice.
Anyway, StochHist never closed < 0, so no signal was actually given.
Thanks again!
  • #6,299
  • Feb 14, 2008 5:53am Feb 14, 2008 5:53am
Hi

I dont usually post any info of the pooled a/c here as it amounts to advertising, just some snapshots of the a/c, we have 20 pooled a/c's with max of 500 USD. We started off with 10k from 1st of Jan and by end of jan a/c was upto 25k, this pooled a/c is closing by end of Feb, and hopefully my target of 38-40k should get hit.

For the details of the new pooled a/c, anyone interested should send me PM or Email me. The new pooled a/c will start from 1st April 2008 and end on 31st July 2008.

regards

Imran

Quoting saltcafe
Looks like you will have a busy weekend ... looking forward to your new summary and pool account details.

BTW, do you have past results of your first pool account that you could post?
Attached Images
  • #6,300
  • Feb 14, 2008 6:10am Feb 14, 2008 6:10am
Congratulation Imran......
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