I've just read PDF 1.2 and on the charts it shows Lag1 crossing Lag2 as a signal but there's nothing in the text about a Lag crossover being a signal. Could you explain this please? p.s. I've been using version 1.1 for the past couple of weeks and ...

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

If only that were so! In reality you'd move the market against yourself with your own trades, even with partial fills!

How I Turned 1k To 100k In A Wk!!!

The 666 number often acts as a pivot in the markets. Gold pivoted around 666 but when it cleared it there was a big up move. The same thing happens with Dow futures and currencies whenever you see the 666 number broken. I see EUR/USD is currently at ...

EURUSD - Are you read for the number of the beast?

If you'd followed the system strictly today you'd have shorted just below the pivot and been taking profit right about now for about 500 pips. Very nice. One thing I would add is that the 30 minute rule works fine for most economic releases but for ...

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

My bracket lines are drawn too close together (within a few pips) with that one. If you're using it on a 5 minute chart it should still use the day's high - daily ATR and day's low + daily ATR. I attach the original script if that helps. The ATR ...

ATR brackets

Thanks lucidlamp. Sorry for not being clear. It should be yesterday's ATR but today's high and low, so it would update when a new high or low of the day is made.

ATR brackets

IB currently 0.5 pips on cable, OANDA 5 pips! That's 10 times higher! This is almost an hour after the UK news came out.

Leaving Oanda for Interactive Brokers

The price in demo should be real, just delayed. I think you might have been looking at their weekend data which is just there for developers.

Leaving Oanda for Interactive Brokers

Leverage 50:1 Lots of different base currency options (GBP, EUR, JPY, HKD, AUD) Warning: IB is definitely not for newbies so if you visit their website and can't work out things like their commission structure, leverage and data feed then you're ...

Leaving Oanda for Interactive Brokers

You're wrong about that. I think that's standard practice with stock trading but not futures or forex where you can move stops and TPs around as much as you like for no charge.

Leaving Oanda for Interactive Brokers

Thanks. In that case the PDF is wrong. It says that for a short Lag2 should be at the top AND pointing down. I think it should say Lag2 should be at the top (for an extended period) OR pointing down. It's only one word but would make a big ...

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

After a slow start the system worked pretty well this week. Can I just check one thing. Is a short setup the exact opposite of a long setup? In the PDF for the long setup you say Lag2 is at the bottom or trending upwards but for a short setup you ...

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

I agree 100%. The day EFX gets GBP accounts I'm funding a live account with them. Justin, please make sure the powers that be understand the strength of feeling on this issue and move things forward ASAP. Who in their right mind would want to ...

MB Trading Futures - Introduction

Are you going to be speaking in this room or just text chatting? If you'll be speaking I need to buy some new speakers!

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

I sorted the autopivots by changing the settings to include S/R. I also changed it to ignore Sunday data. Is this right? I assume if you use Sunday data the Monday pivots would be screwed up because Sunday is a separate day in MT with North Finance. ...

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

On a 5 minute chart it looks like a 20 pip stop would get hit far too often. Has anyone backtested this strategy? If you place the stop above the previous high (or below the previous low) on the other hand you have a much higher % of wins, but you ...

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

I'm not sure what you mean. I'm talking about the thick red horizontal and vertical lines running through the chart. They don't indicate any entry point. Perhaps Imran left them in the template by accident?

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

Very interesting method here. I'll be trying it out next week. What do the red horizontal and vertical lines mean? They are not explained in the first post. Also I'm getting the daily pivot but not R1, S1 etc. I saved all the files and loaded the ...

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

I have a question about closing positions. Do you close as soon as one of the indicators goes against you? For example if you're long and all the indicators are lined up on the long side but then QQE gives a short signal, do you close straight away ...

Supernova GBP/JPY Mini Trend Catcher