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- fx_ninja replied Nov 30, 2007
per the system pdf, for stochastics - -the zero crossover + to - ; - to + for MACD the lines crossing we need to figure a better way to do this amongst the parties so we dont clutter this thread. Im sure there will be many things to figure out and ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 30, 2007
first make the EA recognize the more conservative setup, then build from there. 1. DP 2. lags pinned at top/bottom 3. stoch crossover 4. MACD crossover then, within X bars for #s 3 and 4, or slope value of 3 and 4 <> X then identify setups that ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 30, 2007
indicators give u alternate angles to examine price action. Pirce action is not always 'so simple' to anticipate. Most have a harder time trading from a naked chart. Ultimately Price is King cuz u can never argue with the current price. Early on we ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 30, 2007
no need to be sore. entry was late and u cant control those types of quick sell offs. U sitll managed to get profit and protect some of your gains. MM will help u win in the long run, so good job! rejoice in what u did do correctly.we all strive to ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 30, 2007
try this on your 1 HR with lags and some moving avgs that work for you. set linear Q to 13 8 8 3 u can add a BB on top of Lin Q to help define the OB/OS zone
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 30, 2007
you need to look at price action. when the mkt is moving up, u will get many early signals to go short. if u want to take the CT , WAIT for the retrace to increase your chances. there is a minor dbl top there. As u can see, the mkt retraced to that ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 29, 2007
.60 was a good fill, however, in times where the mkt goes into consolidation, u usually want to let it break out a bit to confirm the direction. if u trade NY session (which is typically more difficult) pay attention when consolidation occurs during ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 28, 2007
it also helps to show areas of 'snap back' S/R
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 28, 2007
i really just use it to see the price real big.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 28, 2007
Note: I am NOT looking to short here. I am just showing the setup and price action around this news event. mkt has made a good run UP and has not really PB much. The few retracement areas in the up move have been pretty shallow. The MAIN thing you ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 28, 2007
mkt is anticipating usd neg. news. as u can see, the topping area has been breached before the release. Also, as Imran ha s mentioned b4, today is Wed. - triple interest payout day, so it will usually be harder for any significant SS trades. If this ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 28, 2007
mkt is waiting on news. look at the topping formation on the 5 min and 1 min
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 27, 2007
watch for dbl botms/tops coupled w/ macd histo div. on the 5 min dbl botm @ 223.75 to bounce up then retrace back down to 223.67 was a sign of the prior downtrend exhaustion.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 26, 2007
if u find something before i do, let me know...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 26, 2007
guys, plz. it is a classic fakeout signal. just wait for the retrace test before entering. you will miss moves that "turn on a dime" but you will filter out early 'reversal type setups' mkt has tested 222.00 area 4 times. please study the last few ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 26, 2007
also, u usually dont wat to be a buyer when its butting up against that downsloping avg. if u want long for CT, you have to buy at market extrems and not near market equilibrium. if u view post: url and think of BB as "Rubber Bands under certain ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- fx_ninja replied Nov 26, 2007
the issue now is the slow/ non existent momo of the asian session. best chance for long was a BUY after the first signal near the prior test of NY session closing lo; after the attempteed dbl botm. see chart above in my prior post. from here out it ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait