did guys use one pair or more? what is your trading style? mine is using candle stick, (patterns and what is happening right now) and support and resistance lines. what broker do you use?
DislikedScalpers,
I would like to start a home for other scalpers to come and share their insights, trader knowledge, progress, and encourage one another.
Looking for traders who simply fit the following:
1. Use no lagging indicators but trade Price Action Only. (Note: Price action only can be viewed by multiple tools. Many use the Rainbow, or Candlesticks, or Line tick charts, or Heiken Ashi bars, etc. none of these are lagging but are pure price action)
2. Entering on 5 min. time frame or less. (May use higher time frames to check trends, S&R,...Ignored
DislikedHi Mike,
I use 1 min. Nothing else. No Candles, S+R, Fibs, MA's etc. Produces brilliant results and is the only profitable strategy for me.
I can be in and out of a trade from 3 seconds to an hour. Most trades are around 5/10 mins.
I trade between 20-50 times per day, but not normally on a Friday.
My average profit is around 1000 pips per week.
My journal (live, so no cheating) is in my signature line at the bottom of this post with latest trades.
My favourite pair at the moment is EUR/JPY.
I have had a nightmare with a couple of brokers...Ignored
Dislikedhi Mike: Which scalping method are you using now? your original method or rainbow which showed on your screen ? Can you please give more information?Ignored
DislikedWho said Rainbow is no longer Cyrox? It is always part of the setup in the form of 3 oscillators CyroxOsc, CyrinusOsc and CamillaOsc... CyrinusMMA (RainbowTape) replaced the CyroxMMA (Rainbow) on the first panel... Get your facts correct before you write Rainbow is no longer Cyrox... LoL .[/b]Ignored
DislikedNot that I would suggest it now...
But visit post 48 on my thread and see what 'color' my personal rainbow was.
I was told that this is "not cyrox"
but now 2 posts down LT has posted a very 'similar' looking rainbow.
good thing im not on Cyrox cause id be booted for sure by now, lol.
Enjoy.
http://www.forexfactory.com/showpost...9&postcount=48Ignored
DislikedROFL... Are you claiming that it was your original work... Get the facts straight again...
http://www.forexfactory.com/showpost...1&postcount=37
and check Oanada, Kolachi and Cyrox forum too... So many variations and colors... Check the dates...Ignored
DislikedMike,
I don't use Ninja Trader so I can't use the template. What are the moving averages you are using?Ignored
DislikedTrading off the 30 sec chart and aiming for 15+ pips / trade. (Im currently trading off the 10 sec EJ because of the ridiculous spread offered by FXCM Micro, only 1.2. We will see how long this lasts. Only with this spread does the R/R makes sense on a 10sec chart)
Using Trends and H-Lines.
MikeIgnored
DislikedPurple rainbow as shown here is not the same and not recommended. Rainbow is only a portion to successful scalping, it does take a lot of screentime (I guesstimate I have about 700 hours), once you learn your currency pair with the rainbow it's a walk in the park, you can easily achieve 90% + hitrate, throw big lots at it with a form of Money Management that most on FF would think is insane you can easily make big $....Ignored