Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 332 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

RE-Imran Sait Method 6 replies

EA - "Simple Method of Scalping on 5 min chart , especially GBP/JPY - by Imran Sait" 36 replies

Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies

How to make my own "Imran Sait" Indicators? What do they mean? 4 replies

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

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

  • #6,621
  • Feb 27, 2008 12:16pm Feb 27, 2008 12:16pm
Quoting Yas1r
Hi Alby

Look at the higher time frame 15 min 1hr 4hr , the main trend is down, try trading with it rather than against it, if your against the main trend the move will be smaller, but yes good entry

Regards
yas
Ok thanks so much for info
  • #6,622
  • Feb 27, 2008 1:34pm Feb 27, 2008 1:34pm
....Looks like your observations were correct.
  • #6,623
  • Feb 28, 2008 12:18am Feb 28, 2008 12:18am
hye im sure there a lot of
fun trade using imrans method until there have somebody try to study about that very seriously..i found these blogs there and i found that these modification help a lot for me guys..check ur self about new modification at

www.12pips.blogspot.com by mis Ellison
  • #6,624
  • Feb 28, 2008 6:21am Feb 28, 2008 6:21am
Quoting amoreconspirito
hye im sure there a lot of
fun trade using imrans method until there have somebody try to study about that very seriously..i found these blogs there and i found that these modification help a lot for me guys..check ur self about new modification at

www.12pips.blogspot.com by mis Ellison

The "grid distance" seems to be a good filter for avoid ranging markets....
good findind!

Thanks
  • #6,625
  • Feb 28, 2008 7:59am Feb 28, 2008 7:59am
Quoting amoreconspirito
hye im sure there a lot of
fun trade using imrans method until there have somebody try to study about that very seriously..i found these blogs there and i found that these modification help a lot for me guys..check ur self about new modification at

www.12pips.blogspot.com by mis Ellison
I've looked at this. Unless I'm missing something, I can't figure out what the "grid" is. Anyone a little more wide awake or a little brighter than me this morning?

Steve
  • #6,626
  • Feb 28, 2008 8:18am Feb 28, 2008 8:18am
Quoting globalinvest
This is a great system !
I personally find it most effective - especially when sticking to the basics and not trying to change settings for this and that timeframe, changing indicators here and there.
I simply keep the original gamma settings at 0.60 and 0.80 for all timeframes, along with MACD and stochastic. Entry example: blue Lag moving up and even though red Lag is not at the bottom, I simply wait for MACD to turn positive and I enter long, and of course vice versa. Seems to work around 8 out of 10 times - so: simple is good. Confluence of indicators. Nobody should get frustated if their first 2 trades get stopped out - use proper money management and you win the long run !!
Thanks again to Imran - this really changed my trading from average to consistently good.
Just today there were several good set-ups for ex. Gbp/Usd, Eu/Yen, Gbp/Yen and even Eu/Usd with a 100+ pip move.
I also like to keep things simple and I use the original settings. However, I also believe you should plan your trade etc. That entails an exit strategy, which I seriously consider more important than entry. Where is your stop loss? How much do you want to take from each trade? What timeframes do you use?
Thanks in advance for your answers!
  • #6,627
  • Feb 28, 2008 9:04am Feb 28, 2008 9:04am
Quoting SteveW
I've looked at this. Unless I'm missing something, I can't figure out what the "grid" is. Anyone a little more wide awake or a little brighter than me this morning?

Steve
What the 'grid' refers to is the distance between that of when the Blue lag crosses an initial entry point of 0.15/0.85 compared to red lags crossing of 0.15/0.85.
If you can see as per the the chart included, the first long signal on the left side of the chart is a wider gap between that of when the blue lag crosses and the red lag finally follows. Compare this to the gap of the second long signal, the gap between blue lag and red lag is much closer together.



http://bp3.blogger.com/_UiVj6ODXiTA/...art+(long).GIF



What amoreconspirito has been able to provide is a guide as to the potential strength of the move.

Hope this helps........
  • #6,628
  • Feb 28, 2008 9:40am Feb 28, 2008 9:40am
Quoting MoneyMonkey
What the 'grid' refers to is the distance between that of when the Blue lag crosses an initial entry point of 0.15/0.85 compared to red lags crossing of 0.15/0.85.
If you can see as per the the chart included, the first long signal on the left side of the chart is a wider gap between that of when the blue lag crosses and the red lag finally follows. Compare this to the gap of the second long signal, the gap between blue lag and red lag is much closer together.

http://bp3.blogger.com/_UiVj6ODXiTA/...art+(long).GIF

What amoreconspirito has been able to provide is a guide as to the potential strength of the move.

Hope this helps........
Monkey, Monkey, thanks for your help with this. I understand what you are saying, but I was thinking that there was possibly a more definitive way to quantify the grid. I've used separation like that and also the position of the red lag to help make my decisions. I'm sure that it is very difficult to make it more quantifiable, but subjectiveness or zigging when we should have been zagging is what can get us in trouble. I always try to be as consistent as I can and rule out as much subjectiveness as possible.

Now, what I referenced in the past two sentences is what makes trading challenging. Correct?

Steve
  • #6,629
  • Feb 28, 2008 10:21am Feb 28, 2008 10:21am
Hi,

I can not upload chart using the Manage Attchments or is it just me?
  • #6,630
  • Edited 3:31pm Feb 28, 2008 2:00pm | Edited 3:31pm
ass wr wb imran

this from cenko to imran (do u know about RSITC)
  • #6,631
  • Feb 28, 2008 3:24pm Feb 28, 2008 3:24pm
[quote=MoneyMonkey;1875001]What the 'grid' refers to is the distance between that of when the Blue lag crosses an initial entry point of 0.15/0.85 compared to red lags crossing of 0.15/0.85.
If you can see as per the the chart included, the first long signal on the left side of the chart is a wider gap between that of when the blue lag crosses and the red lag finally follows. Compare this to the gap of the second long signal, the gap between blue lag and red lag is much closer togethe

http://bp3.blogger.com/_UiVj6ODXiTA/...art+(long).GIF

Where can we download these "grids"...I couldn't find them in the said blog...???
  • #6,632
  • Feb 28, 2008 3:35pm Feb 28, 2008 3:35pm
[quote=4xplosion;1875804]
Quoting MoneyMonkey
What the 'grid' refers to is the distance between that of when the Blue lag crosses an initial entry point of 0.15/0.85 compared to red lags crossing of 0.15/0.85.
If you can see as per the the chart included, the first long signal on the left side of the chart is a wider gap between that of when the blue lag crosses and the red lag finally follows. Compare this to the gap of the second long signal, the gap between blue lag and red lag is much closer togethe

http://bp3.blogger.com/_UiVj6ODXiTA/R8ZKXhaxTdI/AAAAAAAAAOI/OeHFb4bs2Ro/s1600-h/5min_chart+(long).GIF

Where can we download these "grids"...I couldn't find them in the said blog...???
Hi
Just go to "charts/properties/common" and check "show grid"
You will see the "grid"
That's all

  • #6,633
  • Feb 28, 2008 3:59pm Feb 28, 2008 3:59pm
Hi guys need your analysis,
according to the rulez the blue lag is clear but what baut the red sucker?
thx
Attached Image
  • #6,634
  • Feb 28, 2008 5:55pm Feb 28, 2008 5:55pm
Hi Imran,

Can you please let me know how to use the 15min and 30min chart to filter the 5min chart fail short trade?

I do not know nor understand how when you said the 15min and 30min chart is on the up trend.

For this trade is it because the ema has just cross over and is too close to each other or the 15min chart lag are pointing upward?

Your help is most appreciates.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: ForUpLoad.jpg Size: 114 KB
  • #6,635
  • Feb 28, 2008 10:20pm Feb 28, 2008 10:20pm
[quote=goldworkers;1875826]
Quoting 4xplosion

Hi
Just go to "charts/properties/common" and check "show grid"
You will see the "grid"
That's all

Thanks for the clarification. I guess all I can say now besides "THANKS", is "DUH....didn't even think about THAT grid!!!

Steve
  • #6,636
  • Feb 29, 2008 5:21am Feb 29, 2008 5:21am
[quote=SteveW;1876411]
Quoting goldworkers

Thanks for the clarification. I guess all I can say now besides "THANKS", is "DUH....didn't even think about THAT grid!!!

Steve

  • #6,637
  • Feb 29, 2008 6:27am Feb 29, 2008 6:27am
Enter long at 206.66 now put the stop at BE the main trend is short ..

must be break 207 area..
Attached Image (click to enlarge)
Click to Enlarge Name: Imran_setup.JPG Size: 75 KB
  • #6,638
  • Feb 29, 2008 6:38am Feb 29, 2008 6:38am
Quoting AlbyM
Enter long at 206.66 now put the stop at BE the main trend is short ..

must be break 207 area..

stopped me at BE ..
  • #6,639
  • Feb 29, 2008 9:58am Feb 29, 2008 9:58am
Quoting waroeng5454
ass wr wb imran

this from cenko to imran (do u know about RSITC)

I speak Emglish, but I completely missed this ;-)

JC
  • #6,640
  • Feb 29, 2008 10:00am Feb 29, 2008 10:00am
Quoting frito
Hi guys need your analysis,
according to the rulez the blue lag is clear but what baut the red sucker?
thx

The 80 Lag shows longer trend patterns. Your picture does not show enough to give a good answer to your question.

What pair, time, day?

Regards,

JC
2 traders viewing now