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imransait replied Oct 2, 2007beauty of a setup on 5 min — Guys,.,see this chart setup, makes me think of giving up the 1min scalping method to only trade the 5min setup
1min setup can be used when market is ranging Let me know your feedback if u wish to have the 1min ...Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007I was thinking earlier to have a trade call but then decided against it as it would the dilute the education we all are recieving from each others post. it would be better if we all have the same indicators and then see what difference it is between ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007if you can post the charts, i can tell you where the mistake was and why u loose the trades. Pls send me the price u took it, and if it was a buy or sell it will be helpful check the previous chart i posted how the charts were aligning..
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007better place to short the market — attached is a 1 min chart, where both the lags are in agreement, this is a place to short the market and take as much pips market gives
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007here is the setup for the laguerre Indicators used : LaGuerre 1 ( for entry ) - Gamma 0.55, levels 0.15, 0.85,0.45 bars to read 9500 color green LaGuerre 2 ( for exits ) - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color red when u go to ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007the lags are in opp direction - No trade — when the Lags are pointing in opposite direction, we wait for them to align and then take the trade for sure shot success, if not chances of SL being hit are high
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007graeme , can you pls post the chart so we can see if ur settings are same as ours, because right now the first lag and second lag are in opp directions and also 235.58 is the 60 ema on 5 min..so it may bounce from it...i would wait till the first ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007200 EMA as support now — another chart showing the earlier 200 EMA which was resistance is now Support as price is above it and see the bounce off it,
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Hi , thanks for the feedback. usually during pre-open of Markets there is increased votality and this sometimes causes traders to panic and close positions, well as long as the second indicator is not showing a reversal of your position you can ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007the importance of EMA 200 — attached is the chart of 1 min , which shows the 200 EMA in red acting as resistance, when the price was touching the EMA 200 on 1 min, it was touching the 60 EMA on the 5min, so its important to keep a watch where ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Apart from that entry, this was to explain the purpose of adding 0.45 levels so not to miss on trades which are half way thru, once it crosses 0.45 , trend is strong in that direction so we can hop in if we are late
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007NEW - Update to Laguerre Settings — Guys The New Laguerre settings are as below, they are giving much better signals and exit, so use this unless i send another new update Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,0.15, 0.45 Color ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007it was a typo , kisspips the red has to be 0.15 and gamma 0.85 is the laguerre-2
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007yes, typo from my side it has to be read as Pls use this Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,15, 0.45 Color Blue Laguerre -2 , Gamma - 0.85 , 9500 Bars, levels 0.85,15, 0.45 Color Red
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Pls use this Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,15, 0.45 Color Blue Laguerre -1 , Gamma - 0.85 , 9500 Bars, levels 0.85,15, 0.45 Color Red
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Pls use this Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,15, 0.45 Color Blue Laguerre -1 , Gamma - 0.85 , 9500 Bars, levels 0.85,15, 0.45 Color Red
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007[quote=SA_Node;1622335]Ditto. Although I'm using IBFX for charting, i downloaded the ODL MT4- just in case the different brokers thing.... Even on ODL MT4, the second Lag at the time of short trade opening was less than .45. Pls use this Laguerre -1 ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,15, 0.45 Color Blue Laguerre -1 , Gamma - 0.85 , 9500 Bars, levels 0.85,15, 0.45 Color Red
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007Laguerre -1 , Gamma - 0.55 , 9500 Bars, levels 0.85,15, 0.45 Color Blue Laguerre -1 , Gamma - 0.85 , 9500 Bars, levels 0.85,15, 0.45 Color Red
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
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imransait replied Oct 2, 2007i find this method the best, but will show u the method i was using earlier, will post a chart once i am in office
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait