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Rainbow Patterns/Observations

  • #41
  • Edited 4:11am Sep 10, 2007 3:31am | Edited 4:11am
I only took one trade today. The price on MB jumped down when I clicked so I got filled at 155.92 and then it found support around 88, so I closed at 90.

So, after commission, its + 0.5 ...blah

I might take another trade tonight but Im about to go to sleep so I doubt it...lol
Attached Image (click to enlarge)
Click to Enlarge Name: scalp1 9-9-07.png Size: 46 KB
  • #42
  • Sep 10, 2007 3:33pm Sep 10, 2007 3:33pm
I didn't jump on this and I don't know why - I was playing it safe, I guess.

The momentum was there, the DOW was screaming up at the time(which correlates with JPY pairs - carry trades) and it had just got through testing a "resistance turned support".

Everything was screaming at me to click buy but it wasn't "lined up" perfectly on the 5sec so I stayed out...lol.

Anyway, Im posting it here so I can recognize these moves better in the future.

AUD/JPY this morning...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scalp1 example 1min 9-10-07.png Size: 44 KB
Click to Enlarge Name: scalp1 example 5sec 9-10-07.png Size: 45 KB
  • #43
  • Sep 10, 2007 3:59pm Sep 10, 2007 3:59pm
Another chart by Linuxtroll(already in the other thread)...

His comments about it....

"Big move starting... Jump in... (Spine hits 168.78 H-line)"

"Clue spine angle to the 04:30 V-line..."

"LoL "
Attached Image
  • #44
  • Sep 10, 2007 7:48pm Sep 10, 2007 7:48pm
I said last week I was watching this setup to see how it did...here's a chart on AUD/JPY of the same thing again...

Seems to be high probability so far...
Attached Image (click to enlarge)
Click to Enlarge Name: scalp2 example 9-10-07.png Size: 44 KB
  • #45
  • Sep 12, 2007 9:20am Sep 12, 2007 9:20am
So true, i find myself saying--stall, stall, stall--(pulling the ma's back together for another clear indication of direction) that makes the trade so much more probable and it gives me more psychological help to see the spine doing exactly what I like it to do. As far as taking trades you don't feel comfortable with--just don't! There are tons more opportunities--and ones you will feel comfortable with. I only trade when I feel right about the spine and that cuts out a whole lot of miss-trades--course with chart time I'm feeling comfortable about more types of trades and thus able to trade them when I see them. This being said, I often tend to get upset at myself for not taking a trade that I didn't feel comfortable with that actually did move in my direction--and I exclaim ah what could've been! But in the past I've taken far too many of those type of trades and gotten burned...pk
  • #46
  • Sep 19, 2007 2:28pm Sep 19, 2007 2:28pm
Very promising journal, I hope it will continue.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #47
  • Sep 19, 2007 3:03pm Sep 19, 2007 3:03pm
Quoting Andy12
Very promising journal, I hope it will continue.
Me too!
How about it N?
  • #48
  • Sep 20, 2007 6:42pm Sep 20, 2007 6:42pm
Thanks guys.

I had some other things come up but I should be back to posting here in the next week.

btw, my name is Nathan so call me that...it sounds weird saying "hey nhallmark" or "N"...lol
  • #49
  • Edited Sep 21, 2007 1:13am Sep 20, 2007 9:23pm | Edited Sep 21, 2007 1:13am
That is good to hear from you Nathan .
By the way, my name is Andrey. I am from Russia originaly now in Orlando, Florida.
Quoting nhallmark
Thanks guys.

I had some other things come up but I should be back to posting here in the next week.

btw, my name is Nathan so call me that...it sounds weird saying "hey nhallmark" or "N"...lol
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #50
  • Sep 21, 2007 12:34am Sep 21, 2007 12:34am
Quoting nhallmark
Thanks guys.

I had some other things come up but I should be back to posting here in the next week.

btw, my name is Nathan so call me that...it sounds weird saying "hey nhallmark" or "N"...lol
Nathan,
Good to see you back! I look forward to your posts too.

I'm Brent
(Also: I only surf FX. The Pacific ocean here in the Northwest is
way too damn cold! Brrrr! I lived in LA for many years - the surf's much
warmer in Malibu.)
  • #51
  • Sep 21, 2007 1:30pm Sep 21, 2007 1:30pm
Quoting FXSurfer
Nathan,
Good to see you back! I look forward to your posts too.

I'm Brent
(Also: I only surf FX. The Pacific ocean here in the Northwest is
way too damn cold! Brrrr! I lived in LA for many years - the surf's much
warmer in Malibu.)
I'm about 10 minutes from Malibu...the pic on my profile is zuma beach. It was taken on my phone so its not that great, but if you've been there, you get the idea...lol.

Where are you at now?

Andrey, how's florida? Which part do you live in?

btw, if you guys have any patterns you've noticed, feel free to post them here...so we can all learn...lol(hopefully LT will get his thread up soon)
  • #52
  • Sep 21, 2007 1:33pm Sep 21, 2007 1:33pm
I've got an idea for how to trade the ranging, "choppy" times...I will try it next week and post some charts.

Anyway, here's a chart from yesterday during New York...variations of setups I've already posted...
Attached Image (click to enlarge)
Click to Enlarge Name: scalp1 9-20-07.png Size: 55 KB
  • #53
  • Sep 22, 2007 7:40pm Sep 22, 2007 7:40pm
I am living in Orlando for the past 7.5 years. Florida is good but I might be moving to Las Vegas in a year or so.
About charts, honestly because I did use rainbow for some time, I still not yet to found anything reliable.
Quoting nhallmark

Andrey, how's florida? Which part do you live in?

btw, if you guys have any patterns you've noticed, feel free to post them here...so we can all learn...lol(hopefully LT will get his thread up soon)
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #54
  • Sep 23, 2007 2:24am Sep 23, 2007 2:24am
Quoting nhallmark
Thanks guys.

I had some other things come up but I should be back to posting here in the next week.

btw, my name is Nathan so call me that...it sounds weird saying "hey nhallmark" or "N"...lol
Bet you can't guess what my name is.
There is no way I am going to reveal my name on a forum. There is no telling what someone may do with that information.
  • #55
  • Sep 23, 2007 5:53am Sep 23, 2007 5:53am
Quoting Stan
Bet you can't guess what my name is.
There is no way I am going to reveal my name on a forum. There is no telling what someone may do with that information.
Stanley
  • #56
  • Sep 23, 2007 7:14am Sep 23, 2007 7:14am
Quoting Syafi
Stanley
Oh, man. You blew it for me!
I didn't think anyone would recognize me here!
Oh well. Let's trade!
  • #57
  • Sep 23, 2007 10:14pm Sep 23, 2007 10:14pm
Quoting Andy12
I am living in Orlando for the past 7.5 years. Florida is good but I might be moving to Las Vegas in a year or so.
About charts, honestly because I did use rainbow for some time, I still not yet to found anything reliable.
Oh, you said Orlando in your first post...guess I missed it

Do you not think the setups I am posting will be reliable long term?(Im seriously asking because I dont know..lol)

What about the chart where LT posted his entry/exit?
  • #58
  • Sep 23, 2007 10:17pm Sep 23, 2007 10:17pm
Quoting Stan
Oh, man. You blew it for me!
I didn't think anyone would recognize me here!
Oh well. Let's trade!
Yeah, you wouldn't that info getting into the wrong hands

Seriously though, I didn't mean to make a big deal out of the name thing. It's just weird to me when people call me by my username...lol

Guess I should have come up with a better username
  • #59
  • Sep 24, 2007 1:21am Sep 24, 2007 1:21am
First trade today + 9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: scalp1 9-23-07.png Size: 46 KB
  • #60
  • Sep 24, 2007 11:45pm Sep 24, 2007 11:45pm
Your setup is obiviously interesting, actually more interesting from all I've seen. Too bad now I am very busy with some other important things to check it for some good long time. So I can not tell you if it will be proftable in the long run or not. One thing is, LT is very positive person and he convinced that his rainbow really works and I truly belive him. So if he found the way to beat odds, then certanly someone can too.
About LT entries, I tried and may be I am doing something wrong but in the long run my results were negative. But it could be that I am just not as talented in rainbow using then LT.

Quoting nhallmark
Oh, you said Orlando in your first post...guess I missed it

Do you not think the setups I am posting will be reliable long term?(Im seriously asking because I dont know..lol)

What about the chart where LT posted his entry/exit?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
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