OK all,
Can you please let me know if I am WAY off base here?
I see this as a buy, what do you think?
Can you please let me know if I am WAY off base here?
I see this as a buy, what do you think?
Attached Image
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DislikedMany thanks for the reply!
In regards to 1, I was just wondering what the acronym EAwas. I thought it meant Exponential Average.
And you cheated on #3! MM is an acronym... fortunately I think I know what it means... isn't it Market Makers, or some equivalant term?
I'm going to have to abuse my accounting skills here and print this entire post out at work.Ignored
DislikedOK all,
Can you please let me know if I am WAY off base here?
I see this as a buy, what do you think?Ignored
DislikedTruth that JazzMan! Hey thanks for the explanation! I've been spending almost every spare moment studying FOREX, looking for strategies and ideas that suit me, and let me tell you FOREXFACTORY WITHOUT A DOUBT is the premiere site for learning this stuff (at least for free).
I'm only a month or so into trading starting from absolutly zero, and I am trying my hardest to learn and become proficient so that I can apply this wealth of knowledge to demo's, and then to my own cash - and quit being an accountant (do I care about tracking OTHER people's cash?)
Finally, Is there a file or short explanation on the rainbow, or at least the spine? Or is the short explanation "SCREEN TIME!".Ignored
Dislikedi want to thank LT for his efforts in this thread, the rainbow is by far the best way of trading that i have learned over the past year. for the past three weeks i have been trading this and i am finally getting to 80-90% accuracy. i love this because its flexible, you can just sit there anytime pop up the 5 second chart and trade for a few minutes and your done. my advice for anyone who has got to more than 90% accuracy is to find a copy of "the ultimate chance" good luck to all!Ignored
DislikedLet me re-post my question so that it is more user friendly to you busy scalpers; You'll only need 3 words(no acronyms!)Ignored
DislikedNice trade. That isnt 5sec is it? If not then what is it?
Did you exit because of compression + bubble or resistence? or?Ignored
Dislikedhere is a bit more of an explanation from some of LT's earlier posts.Ignored
Dislikedif u want high probability trades.. there is one every (...) min .... grab a few pips.. in and out.. go eat, come back in (...) min... jump in and out...go read a book.. come back in (...) min.. in and out again... repeat as needed... looks like it can be traded naked but rainbow is a help.
trollmann. thanks man.Ignored
DislikedYou are right! This is not a system, it's a method.
This is not a mechanical trading system, it's discretionary trading, the rainbow just show us the strength of a trend and we must find our own way to enter and exit.
I'm makeing some contribution with my thoughts but it's my way to enter and exit. At the end of day I just need 5-10 pips and it's easy if you can enter in a good wave and can control your greed and can wait for a good entry.
I like Linuxtroll way of teaching because it force me to spend a lot of time in front of chart and find a way to profit by myself.
to K2KV if you read all the file I've posted about guppy you will start understanding. give time to time ;-)
PS. Sorry for my english I hope you all understand what I write :-)
Happy trading to all.Ignored