Nevermind......you must be taking about the gamma. Here is how the chart looks now:

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

You mean set the levels right, your not talking about the gamma....? Jared

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

Example — Here is an example. The Blue line represents the trigger signal according to the strategy, the green line represents using the RSI as a leading signal.

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

Forward testing — Hey all, I am forward testing this strategy and am having trouble knowing exactly when to pull the trigger. I noticed that the stoch and lags "lag" behind the MACD. By the time the stoch crosses over, sometimes the market is ...

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

Thanks a lot! That is what I don't like about learning new software, I always seem to get stuck on something simple. Seems like MT4 is the chart software of choice on this forum.

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

I did. But I am trying to get 2 lag indicators into one window, instead of 2 seperate windows. How do combine them in the same window (so they cross each other)? Here is what it looks like now:

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

Hey, this is my first post in this thread. Looks like a good strategy and I am going to test it out. I am new to MT4 (just downloaded it). I was able to import the template and indicators, but the 2 Laguerre indicators are in seperate windows. How ...

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

Scalping — I like day trading (scalping) GBP/JPY as well as AUD/JPY and am also thinking about branching into EUR/JPY. Reason: volatility. Always trade in the direction of the trend on these and you can scalp pips very quickly. They have ...

favourite currency (100 pips per day)

My thread — Don't know if this thread is active anymore, but anyhow I have a hedging strategy. I posted it here: url I elaborated on it on posts 37, 38 and 39.

Looking for hedging strategie/s

Current bad trade and hedge — Here is a trade I have hedged at the moment. For some reason I am long 4 mini lots at 98.14 (orange circles). Don't ask me why I don't remember the circumstances of how I got into this bad trade (I have made so ...

Day trading 1 min chart, hedging risk

Fibo levels on AUD/JPY — As an example of the fibo levels, here are the current ones for AUD/JPY. Notice 0.618 is acting as strong resistance. Notice before this there was a downtrend. If you had mistaken the bottom of the trend for a short ...

Day trading 1 min chart, hedging risk

Well, honestly it has been somewhat subjective, based on what the market is doing. Like I said, my strategy still needs tweaking. The purpose of it is to keep you in the market to ride out the volatility so that you don't have to take a loss ...

Day trading 1 min chart, hedging risk

Whoops — Sorry people, I didn't realize there was a seperate room for live trading journals. Here I've been posting live trades in my strategy thread. My apologies, I am new to this forum and this is my first thread.

Day trading 1 min chart, hedging risk

Results FOR THE DAY — Pips are calculated from individual positions, some trades are from more then one entry on the same market move. (Read my entry/exit strategy for details) Trades not including breakeven recovery from last Fri correction ...

Day trading 1 min chart, hedging risk

Set entry orders long around 50% (225.7) fibo to hedge so I can take a break. Set stops on long entries at 225.42, 32.8% fibo. Will keep computer on and monitor it as I do other things

Day trading 1 min chart, hedging risk

Just as I finished that last post volatility picked up a bit, closed 2 shorts, one 11 pips, the other 23 pips in the money. Still have open positions to ride out market action.

Day trading 1 min chart, hedging risk

Hopefully these posts of me trading live will help you understand how to use my method. You can look at the time on the posts and compare that with a 1 min chart of GBP/JPY. Here is my chart as of right now:

Day trading 1 min chart, hedging risk

I am going to place some protective hedges and stops away from the market action and take a break. Hopefully (and likely) the market will break out of this range and continue with the down trend. I currently have 5 open positions, 1 is in the money ...

Day trading 1 min chart, hedging risk

This tight range is annoying, this method works much better when market is on the move in a downtrend, as you can see from my previous post with my chart. I was booking 30-40 pip moves then. This 3-10 pip buisness is annoying, but since I have a ...

Day trading 1 min chart, hedging risk

tightened stop, hoping RSI would cross oversold, didn't quite, stopped out 3 pips profit.

Day trading 1 min chart, hedging risk