DislikedHi nhallmark,
Keep up the chart posts. I learn so much from them.
Out of curiosity, why have you chosen the 10,20,30 WMAs vs the more aggressive 6,12,18,24 WMAs?Ignored
The Fibonacci Rainbow 17 replies
Watch My Blue Rainbow 28 replies
Looking for a meta Rainbow indicator 3 replies
The Rainbow Room 69 replies
rainbow ema mma quick questions.. 3 replies
DislikedNathan, you are exactly right--I have found that I must wake up and read the charts to see how the currency is acting today before I trade (I trade at 2am and 8am EST for about 30 minutes each time). We have to be able to evolve with the price action--that's why I believe so many people lose on forex--they set up rigid rules and follow them to a T, but the market doesn't care about their rigid rules! Those like LT who most likely have been trading for years have the screen time in and can spot the evolution of the market way faster than the rest of us as there are only so many things a market that goes up and down in waves can do...What's really cool is that I am starting to sense how the market is acting and I've been able to stop myself from trading one of those no-brainer trades in a whipsaw market. Then I just change my mindset to trade whipsaws. While I don't know how this works on the rest of the times, I find that the market on the whole during my times of trading takes one of 2 different stances (jump in anyone who believes I am wrong. It either trades smoothly or choppy--smoothly breaks resistance, small pullback and then flies in my direction (sometimes no pullback--but I have to be careful on those as the move is only high prob. close to its start--gets less and less prob as it goes) Choppy price breaks resistance, bounces down 5-15 pips, then back up to break the level it just made only to bounce down again. When I'm into the psyche of the market I don't trade the resistance break, but if I do trade it and it acts like this, I change my strategy to whipsaw trading CYSM style--but only in the direction of the prevailing spine. Oh, another thing I have noticed while I am droning on...is that I have found it important to watch how fast the market moves and retraces especially in side trending markets--there is somewhat of a correlation as to the strength of the market in one direction by how fast it moves in that direction and how slow it retraces back in the opposite direction.
May you snag pips out of the hide of the great dragon...pkIgnored
DislikedI like what I see
Couple of things,
1) Could you tell me where you got the rainbow indicator?
2) I have seen the MA numbers on the side bar, also seen it as JEMA. What are they and how do you use them?
Thanks
RonIgnored
DislikedHi, Nathan!
I am curious about your results in scalping. You doing it for some time now and do you get positive results in the long run or not or not yet?
For example, for one month time your results are positive or negative?
As for me, I had spectacur 9 days in the row positive, many pips profit and now I am sliding into negative side. So no positive results in the long run for me. At least not yet, maybe.Ignored