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imransait replied Nov 21, 2007ur on target mate, these small things can save u tons of wrong trades
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 21, 2007The trend was up, not down, it was moving up and u can see the EMA were curving up and Bollinger bands also were pointing up, so this was not a trade to take for short and with low volume, my suggested timings for this method are 7 am GMT to 20:00 ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 21, 2007yes, valid entry 1. 60 and 200 Ema trending downwards 2. price below Daily Pivot 3. Overall trend bearish it woiuld have been a good ride down for more then 200 pips
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 20, 2007dont worry frank, u can express urself here and we will try to help as much as we can there are many factors which work most of the time, sometimes they dont, thats why its 90% and not 100% , u will learn more as u use this u got to see that when ur ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 20, 2007i am using the Mt4 only for charts, am using efx, so no problem for me to unload some lots at key areas, but for MT4, need to ask someone here, maybe they have the solution
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 20, 2007i used the lag and macd to take a trade, stoch sometimes takes 2-3 candles late also, but even 227.33 was a good entry if u see, already +50 on that so as long as u are new and getting used to system , take entry on confirmation from stoch, later ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 20, 2007Frank on the 5 min, a sell signal was triggered at 227.81, i am riding this till the daily pivot where we should see a bounce, so my SL is 228.05 and TP is 225.94 note weekly pivot provided resistance so that also would have been a good place to ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 19, 2007I dont see much difference, however we have tested the 14,3,3 and it was the optimum with this method and since we use it only as a confirmation tool, not the tool to take trades, Lags are the vital part in this, next comes the MACD crossover . ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 19, 2007Hi For one minute , use Lag1 - .25 and Lag-2 .40 and rest same indis's and take a trade when both go down and go up, exit has to be fast. U can use the existing Stoch to remain in the trend, and change trades once stoch histogram changes Market ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007Hi The asctrend does work, i did not include it as it is not meant for use in my system, but u can try to use and see first on demo a/c if the signals are as per the rules of my system
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007Hi The chatroom was closed, so any posting will happen here on the thread
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007if you trade the setup as per rules, then this will be enough and as the price moves up, you need to move ur SL. I use the same on 1min to 15 min
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007Gulf States may remove Dollar Peg — Gulf states, including Saudi Arabia and the United Arab Emirates, may revalue their currencies while maintaining their pegs to the U.S. dollar, a person familiar with Saudi monetary policy said. The states ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007do trade on the 5min and u will see that will get more than what u get in 1 min, 1 min is very fast and needs quick reflexes and price changes very fast, however try the new changes and the MACD and u should see a improvement in ur pip gain
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007Nice work, good analysis, check post #1 with updated info and am sure you will beat the 300 pips u made last week BTW, what timeframe do you trade coz 300 pips in a week is too less for this method, you should have atleast had 600-800 pips minimum
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007The Laguerre-ACS1 is used, its same as Laguerre but optimised for this method, You need to download all the indicators on Post#1 for template to show correctly
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007Hi Thanks, the bars are sufficient for those who are trading the 5min and 15min intraday, but if u need to backtest it, then surely adding 3 or 4 more zeros does help. imran
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007i agree, occasions like this occur maybe 4 weeks out of a year, and its possible. However 1k to 10k in a 10 days is possible with 1:200 leverage and taking perfect setups on atleast 3 currencies i.e gbp/jpy, gbp/chf and GU. This is trading only on ...
How I Turned 1k To 100k In A Wk!!!
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imransait replied Nov 18, 2007If you notice, the trend was exhausted and a retrace was occurring and specially with the gbp/jpy, it can be more then 100 pips, so if the signals are safe and all the indicators are in agreement, you need to take a counter trade with caution and ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Nov 18, 2007The entry was shown so that who wants to take counter trend can take it with caution, and any counter trade taken should be protected with low SL and to move Sl to BE once its moves in the CT direction. In a trend, there is a retrace before ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait