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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

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

Quoting hmcbean
Hi Guys and gals. I notice that the pivots change whenever i close my Metatrader platform and reopen. The PIVOTS don't seem to change or move as the market trends unless you reopen the platform. is this normal? Why don't the pivots adjust automatically?

In further research, i have found that the pivots change when you edit the pivots even without making any changes to the settings. They do not change simply by closing and reopening the platform. Is this normal and something i should do throughout the day?
I have some qs bout Pivots too.

Shouldnt a pivot based on its classical concept stay FIXED for a given period that is a daily piv for one day period (whatever that is for forex, from NY open to NY open?? would like to know that as well)...

I think if a daily piv or a weekly...changes during mt4 reset or whatever event, there is something wrong or is it me whos wrong?


thx
Quoting walewhat
hey hey,

ii'been searching for the best indecator to use all these while but this thread look nice but i like to know maybe i can be using it on 30min time frame, or is it only 5min time frame is the best? from walewhat
walewhat,
U can use 30m its up to ur preferences its good to have idea of whats happening on other TFs as well thou. Its not taht 5m is the best its up to the moves ur after urself.

I am preparing to buy GJ, as an H1 signal seems to be in the making. Also, a nice bullish engulfing pattern formed on the H4. I am still waiting for a pullback - you know GJ...
My stop is just below the recent 195.4 low, and my target will probably be at least 200pips from entry.
Any thoughts?

Thanks!
- 6pack[/quote]

Hello 6pack,

I like your anaology to trade with better probability in your favour and with confidence. Looking at that post, I would have entered right there and then and probably would have lost the trade with stoploss not to deep. From your next post "200 pips delivered" it seems that red lines indicating your entry and exits.
Let me ask you so that I also pay attentions to details as you do to be consistent

Did you wait for pull back?
Did you go back to 5 min chart and enter into trade
What was your stoploss?
If we are looking at 1 hour chart to enter or getting ready to enter into traee, should it be in accordance with previous low price on few candles back, on the 1 hour chart?

Please let me know so that I minimize my chances of getting into wrong side of the trade.

Thanks

Ak
Quoting walewhat
hey hey,

ii'been searching for the best indecator to use all these while but this thread look nice but i like to know maybe i can be using it on 30min time frame, or is it only 5min time frame is the best? from walewhat
I use this system on H1, with the original settings on all indicators. Works great - see some of my previous posts. Many traders here also use M15. I suggest, that if for some reason you want to use the M30 - test it. One quick and dirty way to do that is to open an offline chart, zoom out, and look at previous signals. See which ones you would have taken and how much you would have gained or lost. If that comes out favorably, demo trade it [IMHO for at least 10 trades]. Then just keep in mind that the market just keeps on surprising, even the most experienced traders. Anything can happen, specially with GJ.
Good luck,
6pack
Quoting Akalra
it seems that red lines indicating your entry and exits.
I wish! No, they just stressed the fact that price indeed climbed 200+ pips.
Quoting Akalra
Did you wait for pull back?
I mentioned the fact I'd be waiting for a pullback in the original post:
Quote
I am still waiting for a pullback - you know GJ...
Quoting Akalra
What was your stoploss?
I also mentioned my stop there:
Quoting 6pack
My stop is just below the recent 195.4 low, and my target will probably be at least 200pips from entry.
Quote
Did you go back to 5 min chart and enter into trade
I always look at several timeframes [see my screen layout below], but I do not wait for an M5 signal, if that's what you're asking.
Quote
If we are looking at 1 hour chart to enter or getting ready to enter into traee, should it be in accordance with previous low price on few candles back, on the 1 hour chart?
Yes, my stoploss is determined by previous s/r levels, usually in the same tf I happen to be trading. That's how I determined that 195.4 stop.

I hope this answers all of your questions.
Good luck!
6pack
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Quoting bigmanin
Todays four successful trades. fifth one is ready for sell
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What is that QQE indicator worth?
Anybody else using it - time frames - parameters??

Thank you.

Ch.
Quoting imransait
yes, bro..i am seeing it...maybe got to fine tune the settings on the lgee

imransait, you have done a lot of us that are new in the forex world a lot of Good thanks and may God bless you the more....
there have something confuse me when there had some modification with LAG level at 0.8 and 0.2 at mis ellison setup. now i know what its mean ! like real for news movement at GU 5min TF
is someone using this system on higher timeframes (e.g. 1 HR). I think it works better and theres not so much noise and false signals. Could this be possible?
Quoting Grobi
is someone using this system on higher timeframes (e.g. 1 HR). I think it works better and theres not so much noise and false signals. Could this be possible?
"Better" is subjective unless we agree on some objective measure... However, I personally also prefer the H1 signals with this system on GJ. Most H1 signals lead to 200+ pip moves (see my earlier posts here).

The volatility of this pair requires wide stop losses [which obviously hurt when they're hit...] So I wait for pullbacks/retracements after H1 signals [or if I think they're about to be formed] before entering. Additionally, I look for "supplemental supporting evidence" for a move in my direction: most often, various candlestick formations.

Finally, use discretion. I never get in automatically, meaning I often enter a position when a signal hasn't formed yet, and vice versa: I often stay out even when a very clear signal emerges on this system.

Enjoy success!
6pack
Quoting sogapeters
imransait, you have done a lot of us that are new in the forex world a lot of Good thanks and may God bless you the more....
I second that.
6pack
I like your CHARTS with many FEATURES,

What CHARTing Company did you used?

Is the CHART Service is FREE or (How Much per month)?

Thanks gor your HELP

Tony T.
hi imran

i've tested it on 5min 15min and it look somehow and i'vent test on 1hour chart so let me do it again
honeyboy
hi Imran Sait,

pls put me through, i place an order when one of the Lag. move with Stoch. Histogram and macd Tradition also follow the same way, while the second one still in other direction and it gives me some pips, i like to know if i made a good move there by following One of the two Lag. hope to hear so soon thanks
honeyboy
Quoting walewhat
hi Imran Sait,

pls put me through, i place an order when one of the Lag. move with Stoch. Histogram and macd Tradition also follow the same way, while the second one still in other direction and it gives me some pips, i like to know if i made a good move there by following One of the two Lag. hope to hear so soon thanks
could you please post a chart, so we could more easily understand?
hello Imran!!!Thanks a lot for this system! Works great! Can You, please, give the mql code of the laguerre indicator?
kindly help out with this question, i don't know how to add the chat to this reply thanks
honeyboy
Imran Sait,

Pls Check this chart.

Like the questoin i ask u yesterday, if one of our LAG. crosses with MACD TRADITIONAL and STOCH. HISTOGRAM but the second LAG. don't follow the direction, and i place my order SELL and i get some pips, is it a good move to follow, or i should always wait for Both LAG. to move before i follow the trend or i can follow either one, pls help out
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honeyboy
Imran Sait,

have a look at this


Walewhat
Trend is your friend, until it turn against u.
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honeyboy
Imran Sait,

have a look at this


Walewhat
Trend is your friend, until it turn against u.
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honeyboy
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