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imransait replied Oct 7, 2007Hi The good thing about this indicator is no matter what the volumes, this shows exactly the market movement and has been pretty accurate to indicate when to take the trade and when to exit, specially after i have added the second Laguerre, the ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007This is same as the laguerre indicator, just name has been changed
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007congrats, its good to see that this has helped you in the trade apart from your indicators, do share ur feedback abt the system and help others here is that the Stop reverse indicator you are using - magenta color?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007usually its really a fix after the weekend, but with the pivot indicator, its been pretty accurate and if you notice, the price if more then the daily pivot has gradually drifted towards first resistance upwards .
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007Hi Ele it would be good if you can post your chart so we can see on what basis you took the trade and also please note, we have rules setup for the trades, SL has to be 15 pip for 1 min chart trade and 25 pip for 5min, and the only time my SL has ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007thanks for sharing, diva, maybe some of the programmers ought to check this out. I will also download it and see
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007Thanks, mate, do keep up the good work and do give ur feedback and comments, i look forward to all of them who are viewing this thread and the method to be successful in all the trades they take and not have a single loss
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007Hi Thanks for your comments, pls do keep us informed of your trades and if possible do post your charts
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007Exit for longs is when the short trade is to be initialised or vice versa or as per the TP set by the individual trader, this i have left it open , as each traders style of taking profit is different.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007some food for thought — "1. IN A DAY, WHEN YOU DON'T COME ACROSS ANY PROBLEMS - YOU CAN BE SURE THAT YOU ARE TRAVELLING IN A WRONG PATH - SWAMI VIVEKANANDA 2. 3 SENTENCES FOR GETTING SUCCESS a) KNOW MORE THAN OTHER B) WORK MORE THAN OTHER C) ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 7, 2007added Pivot indicator - More details in the week ahead — Hi Guys I have added the Pivot indicator as its very helpful to find the expected levels of support and resistance without too much of headache. As a thumb rule, you should look to Long ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007ok, make a template file and send me, there is not much of news next week, we can setup and keep it ready
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007yes, when there is a change of trend, the price does goes to the extreme end and then retraces back to the middle and then goes in that direction, usually i see that it retraces upto 50% and then goes its way. When i said to wait, it was to look at ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007Thanks for ur comments. I usually use the BB only to know the trend direction and use the Lag-1 for entry
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007Yes, apart from keeping tabs on what news is and avoid trading during high impact news. if we start to look at other things apart from the indicators, then we will not be able to trade , will we ?
keep it simple, its not so hard to make pips as ...Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007no probs, i will test this out and see if it is of any help
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007Walaikum Salaam yes, the post #1 setup is also good , apart from that the above one is also good, it works on all timeframes and for all currrencies except during high votality news like todays
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007Hi Welcome to the thread. I have answered your first question at Post #886 url reg second question, yes, candle stick formations do help, but are not the only criteria to take the trade, i look at Fib levels ( each person draws it differently even ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 5, 2007Let me share with you some setups which i trade on
there goes my trade secret Indicators ======== Lag 1 - Blue ( gamma 0.55) - to take Entry Lag-2 - Red (Gamma 0.85 ) - to take Exit levels : 0.15,0.85 and 0.45 Long Trade ======== Lag 1 is below ...Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait