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Linuxtroll Simple Scalping

here's my thoughts after 12 hours of rainbow watching (6 days, 2 hours every day). rainbow is very different from daryl guppy or alan hull's methods. the only thing similar is using the mma's. it's more like tape reading and it actually is a kind of tape reading - rainbow reading. thank you mr troll for offering your method, i find it the most exciting way of trading. it's only now that i understand that there's no need to implement rainbow or parts of it in other strategies or on different time frames. everything is already here
"Nothing is unexplainable, Everything is mystery" W. Liquorman
Quoting eyecelll
here's my thoughts after 12 hours of rainbow watching (6 days, 2 hours every day). rainbow is very different from daryl guppy or alan hull's methods. the only thing similar is using the mma's. it's more like tape reading and it actually is a kind of tape reading - rainbow reading. thank you mr troll for offering your method, i find it the most exciting way of trading. it's only now that i understand that there's no need to implement rainbow or parts of it in other strategies or on different time frames. everything is already here
Absolutely... You got that right... MMAs also not EMAs... It is WMAs and no space between groups... and it is fine tuned to work on 5 sec chart... different colors make the difference...
ok..LT or anyone...I need ur help amigos..I am looking for a range table that represent the currency EUR/JPY daily and hourly volatility...I saw it somewhere before , but forgot where and cant find it now...

Thanks for your support and understanding.
Quoting Neznaika
ok..LT or anyone...I need ur help amigos..I am looking for a range table that represent the currency EUR/JPY daily and hourly volatility...I saw it somewhere before , but forgot where and cant find it now...

Thanks for your support and understanding.
Not sure if this is what you were looking for or not.
http://www.mataf.net/en/forex/trading/volatility/forex/
Quoting Stan
Not sure if this is what you were looking for or not.
http://www.mataf.net/en/forex/trading/volatility/forex/
Stan.. Thanks man..
but the table I'm looking for a little different...It has the average number of pips EUR/JPY makes on each day, for example : Monday (number of pips), Tuesday (...pips), Wednesday (..) Thursday(..).. and each hour ex: 12 oclock (number of pips ) , 13 (..pips) , 14 (..)....

again, thanks for help.
Quoting linuxtroll
I do not know who moved it... 5 stars are gone too... Hope Merlin the Magic Man will move it back to discussion... I like to keep this thread under discussion - not under Trading Systems... or create a new forum Scalping and move all the scalping methods there...
Thanks to Magic Man Merlin for moving this thread back to discussion section... Charge on... Discuss Linuxtroll Simple Scalping...
Quoting Neznaika
Stan.. Thanks man..
but the table I'm looking for a little different...It has the average number of pips EUR/JPY makes on each day, for example : Monday (number of pips), Tuesday (...pips), Wednesday (..) Thursday(..).. and each hour ex: 12 oclock (number of pips ) , 13 (..pips) , 14 (..)....

again, thanks for help.
This may help you to do some more research everyday...
http://www.mizuho-cb.co.uk/TresInter...X_-_Majors.htm
how would you call this, stupidity or bad luck?
Attached Image
Quoting bisar_x
how would you call this, stupidity or bad luck?
both... never tweak the Rainbow, unless you know what you are doing... why did you take the entry there? very late entry for an aggressive scalp... spine is almost flat... post the full screen so that I can see the v-line and h-line interval...
Just another day... You will have pips everyday...
Attached Image
Bisar, look at the angle of the spine - the longer MAs. That will give you the trend - and your entry is when the spine is close to horizontal.
Hope that helps!
BTW, I can't always put this into practice myself yet - amazing how difficult it is to sit on one's hands sometimes!
Quoting linuxtroll
both... never tweak the Rainbow, unless you know what you are doing... why did you take the entry there? very late entry for an aggressive scalp... spine is almost flat... post the full screen so that I can see the v-line and h-line interval...
This is where bisar_x entered. It could be called random spike in low momentum market rather than breakout. With hindsight
Attached Image (click to enlarge)
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We get enough pips everyday, trading one currency pair...
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Quoting atomz
This is where bisar_x entered. It could be called random spike in low momentum market rather than breakout. With hindsight
I know... I wanted to see his full chart to help him with zoom level, spine etc...
Possibly he must consider using original Rainbow with color, so that he can follow the spine (white line) easily... Make sense?
Quoting bisar_x
stupidity
Welcome Sir!

I am learning from experience a very important point:
never beat yourself up, call yourself names etc.
It creates negative feedback that influences your results - negatively!
We are mostly all on demo, micro and mini's. If we want to
think of trading 10+ lots we need confidence even after a
"bad" trade!

Nice to have you with us!

Brent
After 4 months of watching Rainbow I would like to share some statistical informations:

***************M1 M2 M3 M4 *LTW
Average trades/day 35 48 27 15 7
Largest loss in pips 79 96 29 21 18
Average success rate 66 58 68 75 82**
Screen time/day 6 10 10 10 10
Trading time/day 6 4 6 3 2

*LTW(LAST TWO WEEKS)
**last week over 90% success rate

Linux all you said is very true and now I understand your teaching method. I like very much your comments to all points we discuss, not only Rainbow.
Many thanks again
  •  Yuppie
  • | Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Observe the time and the price of when the trade was taken...

Time was 2 and 1/2 hours after London Open... E/J had slowed...

Price had already minced around significant ***.50 level for an hour after Session open...

And like others have said... No Spine...

[Easy for me to say after the fact I know, but I have been watching solidly since before Session open today... Saw this... Never even considered it...]


Magnus
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Quoting FXSurfer
Welcome Sir!

I am learning from experience a very important point:
never beat yourself up, call yourself names etc.
It creates negative feedback that influences your results - negatively!

Brent
You mean Law of Attraction... :
Quoting Bruno
After 4 months of watching Rainbow I would like to share some statistical informations:

***************M1 M2 M3 M4 *LTW
Average trades/day 35 48 27 15 7
Largest loss in pips 79 96 29 21 18
Average success rate 66 58 68 75 82**
Screen time/day 6 10 10 10 10
Trading time/day 6 4 6 3 2

*LTW(LAST TWO WEEKS)
**last week over 90% success rate

Linux all you said is very true and now I understand your teaching method. I like very much your comments to all points we discuss, not only Rainbow.
Many thanks again
Now... Charge on... Make Millions... Multi-Millions... Keep doing what works for you and do not change it... Always think: How your performance will improve in a month or an year from now...
Thank you all. I gotta be more confident. And more confidence you gain with more good trades. Bruno, I guess you are on the good road, you got it. omg 96 pips lost, what did u do? PC crashed during trade ? just joking
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