That will work for the starter imbuer, but when you get your skill up you need to imbue a 2nd then 3rd and finally a 4th property onto it to gain. I did all my clicking by hand, and it took a couple intense days to 120 this skill. I would say that from 90-120 took me about 15 hours. I tried a lot of different ways, but finally found this to be the easiest...but deffinatly not the cheapest (gold wise) I think I prolly spent about 12M to finally hit legendary. I found it much easier and faster to actually put a forge in my house instead of trying to work out of the bank, or off a beetle.
If the soulforge is to big for your house then you can use the goza mat trick to make the forge smaller..assuming you have enough space to at least fit it, this way you can trim it all the way down to 2 tiles if you want.
Get yourself 10-12 Imbue recycle bags ..they are only 2505 gold each.
WARNING..THIS IS NOT THE CHEAPEST WAY TO DO THIS, BUT I THINK THE FASTEST!!!!
As stated by Paulonius in the first post before I so rudely hijacked it with PvP talk (Sorry my friend) you want to keep your skills in the 50%-60% chance range. I personally found I got my best and fastest gains keeping between 54%-58% skill.
I started the skill at 50 (made new garg char) but if your just starting out buy the skill as high as you can.
Ok. Time to start.
First make 100 daggers for each of your bags, you can easily use the new client for this so you wont have to click more then a couple clicks per bag. These dagger should be just out of regular iron ingots with no runic tool used. Just plain ole daggers.
Next its time to start imbuing. Start with imbuing dispel on your daggers. A lot has been said about keeping your daggers to re-imbue again later. You can do this but I found it hard to keep track, and actually slower to gain AT LOWER LEVELS OF SKILL. Once your skill is up to 90 or so, then you will HAVE to keep your daggers to re-imbue...but not now. Find the intensity range that allows you to keep between 50-60% chance and go for it. I imbued each dagger the max times and kept at it adding higher and higher intensity until I finally could gain no more, or I hit 44% intensity. The reason to stop at 44 is that after that you must add a 3rd ingrediant to the mix. Watch your % chance, because as you get close to getting out of the 58% chance STOP !!!
Unravel ALL of those daggers and make new ones. You have hit them the max amount of times, so they are worthless now..unravel and make new.
Imbue all of these New daggers to 44 Intensity. Only Imbue each one once. By the time you get through your bags you should be at 60% chance to succeed (or close to it) ...note...you will still gain past 60% chance, just not as fast.
Now..Add in your second Mod. I used Hit Fire area. Again, I used each dagger all the way up. Keep adding intensity on the mod like before to keep yoursef in the 50-57% chance to hit range and imbue each dagger the maximum amount of times..just like before, keep a close eye on your skill and as you start to get 44 Intensity on the mod, and your skill makes it so your getting close to getting out of the 58% chance to succeed, slow down a bit. Chances are you will have to go through a second set of 10 bags doing this before you max out, but its not impossible you will have your skill high enough by now that you can no longer gain with 2 Mods, at 44% intensity. Again..unravel all your daggers and make new ones.
Once you have all your new daggers made its time to add in the third Mod. Its at this point that I dropped to 5 bags, just so I would have more control over not wasting as much resources if I were to gain faster then I thought.
Go through all your daggers hitting them first with 44% dispell, then 44% Hit Fire Area. By the time you get through them you will be getting out of the 60% chance to succeed range. Time to add the 3rd Mod. For this I used Cold Resist. Just like before, you want to keep it between 50-58% chance, and again, I imbued each dagger the max amount of times. The biggest difference here is to STOP when you are at the 60% chance to imbue range AND you are at 7% intensity (this WILL save Gold). By this time you will probably be around 114 skill, so now we add in the 4th and final Mod.
Unravel all the daggers you have hit the max times. Make new ones. At this point I dropped to using only 1 recycle bag. Its a tiny bit more time consuming but you wont waste resources should you power right through to 120 skill. Now you should be imbuing each dagger one at a time...again, this will let you have better control over what you are doing. Hit each dagger with 44% intensity Dispel, then 44% intensity Hit Fire Area, then 7% Cold resist, then for the 4th Mod use luck. You can hit luck from 1% intensity to 19% intensity using only 1MR and 1 Gem. This makes it VERY nice because you can use the different intensities from 1-19 to adjust your % chance to hit, to keep it in that 54-58 range for the fastest skill gain. I dont remember EVER having to go above 19% intensity to keep my % chance to hit between 54-58. You will most likely have to go through a dozen bags to hit 120 skill, but because at this point consuming reasources was getting VERY high, I went one bag at a time. I would have hatted to put my first 3 mods on 12 bags, and then hit 120 skill on bag #8...you would have wasted 4 bags worth of resources. You will get to 120 skill using just these 4 Mods, and adjusting the luck intensity to what you need to keeping it between 54-58% chance.
Also, I found it cheaper to do the quest from the guy standing at the N of the soulforge in Ter-Mur to get my 120 scroll. He only wants 50 Essance to give you a 115 scroll of imbue..so do the quest 10 times at a cost of 500 essance and you can then bind thos 10-115 scrolls into a 120 scroll.
Well, this is the way I did it. I am sure there are less expensive ways, and probably faster ways, but I just thought I would share how I did it. I figure it took me a total of 19 hours to go from 50-120 skill. I think I spent about 12M on gems, and used between 18-22K residue.
GOOD LUCK!!