Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait | Page 378 | Forex Factory

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

  • #7,541
  • Aug 20, 2008 5:15am Aug 20, 2008 5:15am
Quoting hefer
today 196 pips+1970 pips GOLD
Hefer could you please elaborate how you take your trades, what indicators you are using along with main indicators, and if you can start your own thread to share what you have learned if you have time. you are by far one of the most successful traders here in this thread.

Thanks!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,542
  • Aug 20, 2008 6:05am Aug 20, 2008 6:05am
Is hefer really making money or just posting positive pips...the proof is in his lack of sharing his method. Please learn your own don't be scammed!
  • #7,543
  • Aug 20, 2008 1:15pm Aug 20, 2008 1:15pm
Quoting earret
Is hefer really making money or just posting positive pips...the proof is in his lack of sharing his method. Please learn your own don't be scammed!
I think hefer is the one who should be banned from this forum. As he has not made a positive remark as of yet.
  • #7,544
  • Aug 20, 2008 2:02pm Aug 20, 2008 2:02pm
for the record, imran made an over leveraged trade that lost the account - there was no "scam" involved. he is now in the process of trying to get back everyone's initial investment by trading an account that he has funded himself for this purpose.

during a 4.5 month period, imran made multiple trades per day - up to 130 trades working 10 plus hours per day - and 99% were winners. the pool grew 300% during the 4.5 month period.

please do not listen to childish individuals that aggressively broadcast "scam" when they have not examined the underlying documents.

these are negative people motivated by small minds and a mean spirit. they neither understand trading nor risk and distort reality to match their distorted spirit.
realize the universe is one thing, and attach it to your body
  • #7,545
  • Aug 20, 2008 5:44pm Aug 20, 2008 5:44pm
bad day. 185 pips+750 GOLD.
September start trainingat this branch
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  • #7,546
  • Aug 20, 2008 10:40pm Aug 20, 2008 10:40pm
Quoting hefer
bad day. 185 pips+750 GOLD.
September start trainingat this branch

mmm bad day 0nly 900 pips you poor thing you must really suck at trading if you only made 900 pips - oh well - can I buy your` book now? $2000 is pretty cheap seeing as I'm gonna be making 900 pips on a bad day

You are getting pretty good on that photo shop too -

And why is it you feel the need to post screen shots of your closed trades- are you trying to prove something here?

Please stop posting unless you have something of value to contribute...
Time hides Nothing
  • #7,547
  • Aug 20, 2008 10:47pm Aug 20, 2008 10:47pm
Quoting dbeach777
For the record, There is no proof that Imran scammed anyone in this last pooled account. Yes, the account is blown, and people lost money. I was a part of the managed accounts and after all said and done, we got opportunity to examine his trading account records, and no scam was found, just a bad trade that blew the account.

I just hate to see people scream "SCAM" when there is no proof!

Imran is a good trader who made error in judgement.

Who hasn't done that?
This is what I figured- i Don't think scammers would go to as much trouble as imran did to teach a method - I think they are more lazy like hefer maybe!!! Anyway I hope everyone gets their money back.

Good luck Imran
Time hides Nothing
  • #7,548
  • Aug 21, 2008 12:09am Aug 21, 2008 12:09am
Quote

during a 4.5 month period, imran made multiple trades per day - up to 130 trades working 10 plus hours per day - and 99% were winners. the pool grew 300% during the 4.5 month period.


What's the point of a 300 % return and a 99 % win rate, if the account will eventually bust?
  • #7,549
  • Aug 21, 2008 2:49am Aug 21, 2008 2:49am
Quoting CindyXXXX
Just copy and paste the posts you want into the new one like the pdf etc.
That might actually be a good idea ... extract the essence of this method in a new thread and make it significantly easier then trolling through the thousands of posts here.

Anybody know which posts are really valuable? (apart from the first one)
Just my 2 pips worth
  • #7,550
  • Aug 21, 2008 9:26am Aug 21, 2008 9:26am
Quoting truthy

What's the point of a 300 % return and a 99 % win rate, if the account will eventually bust?
[/size]

i can think of about a hundred points. how many more can you think of?

here are a few:

-this system must have something going for it to produce 300%, regardless of the final outcome.
-why are so many people making good gains with this system?
-can this system be made bullet-proof?
-since the system mostly works, how can it be improved?
-the crash came from one (actually two) trades gone bad; would not hedging have saved the system?
-how does the risk/return compare to other systems?
-what if you took out half the account every month?
-how did the system get 99% winners?
-would lesser returns create a positive expectancy system?
-was the failure due to trader error or system error?
-how does this system compare to other systems that also blew up?
-what if only trend trades were taken?
-the two trades that went bad were the aussie and the yen - both difficult currencies - what if they were proscribed?
-does any system really have positive expectancy?
-can this winning system be made to go 6 months before crashing?
-can a winning system be redefined as x% over xtimeperiod before crashing?
-does good have to mean not ever crashing?
-would a catastrophic stop save this system from ever crashing?
realize the universe is one thing, and attach it to your body
  • #7,551
  • Aug 21, 2008 9:56am Aug 21, 2008 9:56am
Quoting buddhi
i can think of about a hundred points. how many more can you think of?

here are a few:

-this system must have something going for it to produce 300%, regardless of the final outcome.
-why are so many people making good gains with this system?
-can this system be made bullet-proof?
-since the system mostly works, how can it be improved?
-the crash came from one (actually two) trades gone bad; would not hedging have saved the system?
-how does the risk/return compare to other systems?
-what if you took out half the account every month?
-how did the system get 99% winners?
-would lesser returns create a positive expectancy system?
-was the failure due to trader error or system error?
-how does this system compare to other systems that also blew up?
-what if only trend trades were taken?
-the two trades that went bad were the aussie and the yen - both difficult currencies - what if they were proscribed?
-does any system really have positive expectancy?
-can this winning system be made to go 6 months before crashing?
-can a winning system be redefined as x% over xtimeperiod before crashing?
-does good have to mean not ever crashing?
-would a catastrophic stop save this system from ever crashing?

No offence I know Imrans on your buddy list and all but I think the original question remains - If the creator, guru and expert of this system can return 300% in a month and STILL lose then what chance do the rest of us really have...

Why try and turn a lemon into a porche when there are plenty of trading methods out there that work fine as they are.

Just my 2 cents

And why are we all hanging out in the recycle bin???
Time hides Nothing
  • #7,552
  • Aug 21, 2008 10:42am Aug 21, 2008 10:42am
Quoting CindyXXXX
mmm bad day 0nly 900 pips you poor thing you must really suck at trading if you only made 900 pips - oh well - can I buy your` book now? $2000 is pretty cheap seeing as I'm gonna be making 900 pips on a bad day

You are getting pretty good on that photo shop too -

And why is it you feel the need to post screen shots of your closed trades- are you trying to prove something here?

Please stop posting unless you have something of value to contribute...
Stop flaming hefer. He doesn't speak good english. Check out the trades yourself. Go to the chatroom and look for yourself. There are many people there that make consistent pips everyday betopips and MrT and Kristjan. Stop flaming people please. He has never wanted to sell anything just show what is possible with this system.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,553
  • Edited 11:07am Aug 21, 2008 10:42am | Edited 11:07am
Quoting CindyXXXX
If the creator, guru and expert of this system can return 300% in a month and STILL lose then what chance do the rest of us really have...
Hey Cindy... That was in 4.5 months, not 1 month...

Quoting CindyXXXX
Why try and turn a lemon into a porche when there are plenty of trading methods out there that work fine as they are.
Because, I have seen the light, and with some more work, I'll have my holy grail


Quoting CindyXXXX
And why are we all hanging out in the recycle bin???
Because dumpster diving is fun!
  • #7,554
  • Aug 21, 2008 10:46am Aug 21, 2008 10:46am
Quoting hefer
bad day. 185 pips+750 GOLD.
September start trainingat this branch
Hefer thank you for sharing.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,555
  • Aug 21, 2008 10:59am Aug 21, 2008 10:59am
Quoting hefer
bad day. 185 pips+750 GOLD.
September start trainingat this branch
Would you please provide your template and any other indicators you use. What are the numbers for example in your main charts. Thank you!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,556
  • Aug 21, 2008 1:07pm Aug 21, 2008 1:07pm
My question is why the ban so late? A managed account was mentioned in November 2007 and he gets banned now? come on! this is a good method and a good thread.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,557
  • Aug 21, 2008 6:42pm Aug 21, 2008 6:42pm
Yeah - this is a solid method. I trade it with a directional filter. 144 and 200 ema. Price must be above to long, below to short. Chuck a 21 and 50 ema on there as well for a minimum pullback zone for trade entry after a push through the longer MA's for good measure.

This works consistently
"If it bleeds ... we can kill it"
  • #7,558
  • Aug 21, 2008 10:32pm Aug 21, 2008 10:32pm
Ok Hefer lets hear it...


How are you producing these remarkable results?
Time hides Nothing
  • #7,559
  • Aug 21, 2008 10:48pm Aug 21, 2008 10:48pm
Hi everyone!

If nobody else wants to revive the system on the thread. I'll start one this weekend to get it back going. I have traded this system since it's beginning. So I'm quite aware of how it trades and works.
  • #7,560
  • Aug 21, 2008 10:57pm Aug 21, 2008 10:57pm
I dont think this system deserve to be in recycle bin.......

The system itself is great, and has produced reliable income since over a year.

The only mistake was the mistake on taking the trades with huge leverage..
any system that is traded beyond its limit will blast easily.

the huge leverage was against the system itself. and I believe it was just that,
a mistake that almost every trader made once a while.

FF dont need to punish a system because 1 wrong judgment on 2 trade by
the owner going against his own system....

P.S, I am not in ImranSait group. but i have tested the system
with live cash and i believe its a good system, for anyone who likes indicators
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