Dislikedwow..this was good..red Lag works like a charm in news time..specially this news..its like magic
will post some charts, have a lookIgnored
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DislikedHow is that magic? Didn't that just give a SELL indicator (lag pointing down past 0.85) 1 time frame before it went up over 50 pips?Ignored
DislikedI have attached 2 charts (5 min) from todays EURJPY trades that I took (on my demo account) using this system. I have noticed that some of the best trades with this system set up when the 85 and 55 Laguerre's are at the extreme and then the 55 moves out and crosses the center line, thus generating a trading signal in the direction of the 55. Note on the 2nd trade on my chart how the 85 had only just made it to the extreme at the bottom when the 55 took off long.
When the 85 is pinned against the extreme in a protracted trend up or down, you will find that sometimes this trade (above) fails and the 55 turns back toward the 85. If the 55 makes it past the center line and then crosses back over toward the 85, trade in the direction of the 55.
By the way the high and low boundaries on my charts are 9-period Donchian channels. I really like the way that they define the trend (or lack of trend) and I also use them as S/L levels.Ignored
DislikedHi Imran thank you for sharing you method it is good.
Please could you make this clear to me what we should do when this is happening= If the red lag2 is above the 0.90 pointing up or flat or below the 0.15 pointing down or flat and the blue lag1 is pointing up or down so that they match when it is above the 0.90 or below the 0.15 do we take the trade or do we wait for the blue lag1 to move some distance away from the 0.90 or the 0.15 and then take the trade.
I know that we should only take trade when both lags match that is clear to me but what do we do when it is in the above that i mentioned.
I hope this is clear to you.
With Thanks
David-TIgnored
DislikedHi imransait.
I have read your thread and I like it very much although I am new to the forex market. It is very obvious that you have traded for a very long time and that you know the way the market thinks and moves. These are the things that I am very poor at.
Your scalping system looks very good I have a couple of questions which I hope you could help me with
1 Could you tell me exactly what procedure you take before you take a trade for example do you look at the news first and or look at the trend etc.. or do you just look at the LaGuerre indicators. What I am trying to say is what is your check list before you take the trade. This would help me very much.
2 Is the candle sticks movements, what you take into consideration or do you look at news reports.
I am sorry if I am asking stupid questions, but if I know what you look for before you take a trade I would be very grateful.
I also have a semi ea which might be very helpful with this type of trading I will attach the files, i think this is the latest version. Tell me what you think. Here is the link also http://www.forexfactory.com/showthread.php?t=9553
Keep up the good workIgnored
DislikedI have attached 2 charts (5 min) from todays EURJPY trades that I took (on my demo account) using this system. I have noticed that some of the best trades with this system set up when the 85 and 55 Laguerre's are at the extreme and then the 55 moves out and crosses the center line, thus generating a trading signal in the direction of the 55. Note on the 2nd trade on my chart how the 85 had only just made it to the extreme at the bottom when the 55 took off long.
When the 85 is pinned against the extreme in a protracted trend up or down, you will find that sometimes this trade (above) fails and the 55 turns back toward the 85. If the 55 makes it past the center line and then crosses back over toward the 85, trade in the direction of the 55.
By the way the high and low boundaries on my charts are 9-period Donchian channels. I really like the way that they define the trend (or lack of trend) and I also use them as S/L levels.Ignored
DislikedLet 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 and crossing above or touching 0.15 and Lag 2 is either Below 0.00 or trying to cross up ( e.g at 0.15 )
Lag 1 is above 0.45 and climbing up and Lag 2 is either climbing up above 0.30
Both Lag-1 and Lag-2 are at 0.15 and climbing up ( Most Powerful Moves)
Short Trade
========
Lag 1 is above and crossing down or touching 0.85 and Lag 2 is at 0.85 and dropping down
Lag 1 is below or at 0.45 and dropping down and Lag 2 is either dropping below 0.85
Both Lag-1 and Lag-2 are at 0.45 and dropping down ( Most Powerful Moves)Ignored
DislikedHi imransait.
I have read your thread and I like it very much although I am new to the forex market. It is very obvious that you have traded for a very long time and that you know the way the market thinks and moves. These are the things that I am very poor at.
Your scalping system looks very good I have a couple of questions which I hope you could help me with
1 Could you tell me exactly what procedure you take before you take a trade for example do you look at the news first and or look at the trend etc.. or do you just look at the LaGuerre indicators. What I am trying to say is what is your check list before you take the trade. This would help me very much.
2 Is the candle sticks movements, what you take into consideration or do you look at news reports.
I am sorry if I am asking stupid questions, but if I know what you look for before you take a trade I would be very grateful.
I also have a semi ea which might be very helpful with this type of trading I will attach the files, i think this is the latest version. Tell me what you think. Here is the link also http://www.forexfactory.com/showthread.php?t=9553
Keep up the good workIgnored
Dislikedassalamualaikum imran,
hope u doing fine.
im new to your system and just manage to read few pages so far but i have two Q already, hope u ok with that;
is your 1st post represent the latest setup for 1M? would it be the same setup when we trade on 5M?
how about the setup i quote above? is that also for 1M?
thanks,
nasirIgnored
Dislikedsorry,imran,
i think i should have asked you what you think about this indicator.
dont u think it will be good to add it to your indicator[it might help newbies like me to place trades]Ignored
Dislikedimran...side note - watch for possible usd/cad long setup nxt week w/ bottom around 9770 areaIgnored
DislikedHi Welcome to the thread.
I have answered your first question at Post #886 http://www.forexfactory.com/showpost...&postcount=886
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 thou on same chart), Support and resistance levels, thats all
reg the EA, yes, i will have a look at it, and see if it helps
if you are new to forex, then pls stick to the 5min chart as the 1min is only for experienced and those who have low spreads, even thou i can work with 8 pip spread even in the 1minIgnored
DislikedLet 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 and crossing above or touching 0.15 and Lag 2 is either Below 0.00 or trying to cross up ( e.g at 0.15 )
Lag 1 is above 0.45 and climbing up and Lag 2 is either climbing up above 0.30
Both Lag-1 and Lag-2 are at 0.15 and climbing up ( Most Powerful Moves)
Short Trade
========
Lag 1 is above and crossing down or touching 0.85 and Lag 2 is at 0.85 and dropping down
Lag 1 is below or at 0.45 and dropping down and Lag 2 is either dropping below 0.85
Both Lag-1 and Lag-2 are at 0.45 and dropping down ( Most Powerful Moves)Ignored
DislikedSo what you are saying is that you only look at Lag 1 and Lag 2 indicators, Fib levels and Support and resistance levels to make your decision or are there other things aswell?Ignored