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Linuxtroll Simple Scalping

  • #21
  • Jul 16, 2007 10:29pm Jul 16, 2007 10:29pm
I call it the "Purple Penetrator" If you get in the purple-you get paid.

My wife calls it something else-
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  • #22
  • Jul 16, 2007 10:30pm Jul 16, 2007 10:30pm
See what I'm saying...
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  • #23
  • Jul 17, 2007 12:18am Jul 17, 2007 12:18am
Since I look for waves of price rising and falling
on top of a nice clear trend, this isn't what I'm
looking for.
If I was looking to trade breakouts from a period
of inactivity going into an active time period
(like waiting for the pre-London open activity
that's about to happen), this would be the set-up
for me.

It always tells me what the market is currently doing
...always.
I just have to become a better listener!


FXS
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  • #24
  • Jul 17, 2007 12:54am Jul 17, 2007 12:54am
What are the ECN companies everyone's using here? I demoed EFX before, hard to use, ugly platform. Spread was around 1pip most of the time. Not much advantage from Oanda.
  • #25
  • Jul 17, 2007 1:00am Jul 17, 2007 1:00am
Can someone smarter then me make an indicator for MT4 that will do the lines for XPIP's amazingly simple system? Maybe an audible alarm if it hits the red or blue line?
Thanks!
  • #26
  • Jul 17, 2007 1:29am Jul 17, 2007 1:29am
Quoting nitman
What are the ECN companies everyone's using here? I demoed EFX before, hard to use, ugly platform. Spread was around 1pip most of the time. Not much advantage from Oanda.
Don't forget the commision that is added on top of the spread.......
Same Whore .... Different Dress
  • #27
  • Jul 17, 2007 1:34am Jul 17, 2007 1:34am
Quoting johnedoe
Don't forget the commision that is added on top of the spread.......
How's things in MTF Rainbow land?

Great to see you here!

FXS
  • #28
  • Jul 17, 2007 6:58am Jul 17, 2007 6:58am
Acapulco. would you mind posting your template file?
  • #29
  • Jul 17, 2007 8:49am Jul 17, 2007 8:49am
I don't trade this system...


Quoting dedhed
Acapulco. would you mind posting your template file?
Attached File(s)
File Type: tpl CryoxMMA.tpl   10 KB | 3,134 downloads
  • #30
  • Jul 17, 2007 9:03am Jul 17, 2007 9:03am
Quoting acapulco
I don't trade this system...
I don't plan on using for scalping, myself, but I have developed a similar MMA system recently, and am interested in seeing how this compares. Thanks very much.
  • #31
  • Jul 17, 2007 9:33am Jul 17, 2007 9:33am
It's fun to look at it after ingesting large quantities of wild mushrooms, DedHed
  • #32
  • Jul 17, 2007 2:19pm Jul 17, 2007 2:19pm
impressive charting packages we are seeing. I kinda like FXSurfer's setup more than anything right now.

FXSurfer do you have that indicator posted anywhere? It's great for seeing entry opps with trend.

Your posts are always appreciated.
It really is that easy.
  • #33
  • Jul 17, 2007 8:43pm Jul 17, 2007 8:43pm
We do not need candles to capture this... and it is from 1 min chart...

http://img374.imageshack.us/img374/5...sdscalpgm3.png
  • #34
  • Jul 17, 2007 9:02pm Jul 17, 2007 9:02pm
Quoting acapulco
It's fun to look at it after ingesting large quantities of wild mushrooms, DedHed
No doubt.
  • #35
  • Jul 17, 2007 9:56pm Jul 17, 2007 9:56pm
The main premises of scalping are:

* Lessened exposure limits risk - A brief exposure to the market diminishes the probability of running into an adverse event.
* Smaller moves are easier to obtain - A bigger imbalance of supply and demand is needed to warrant bigger price changes. It is easier for a currency pair to make a $1 move than it is to make a $10 move.
* Smaller moves are more frequent than larger ones - Even during relatively quiet markets there are many small movements that a scalper can exploit.

Scalping can be adopted as a primary or supplementary style of trading...
  • #36
  • Jul 17, 2007 10:14pm Jul 17, 2007 10:14pm
Well said Linux. I consider scalping my job and i invest the profits into other longer term trades. I spend about 15-20 hours per week in my office usually in my undies in the early morning (coffee) or late at night (toking). Not a bad gig if you can get it.

Quoting linuxtroll
The main premises of scalping are:

* Lessened exposure limits risk - A brief exposure to the market diminishes the probability of running into an adverse event.
* Smaller moves are easier to obtain - A bigger imbalance of supply and demand is needed to warrant bigger price changes. It is easier for a currency pair to make a $1 move than it is to make a $10 move.
* Smaller moves are more frequent than larger ones - Even during relatively quiet markets there are many small movements that a scalper can exploit.

Scalping can be adopted as a primary or supplementary style of trading...
  • #37
  • Jul 17, 2007 11:04pm Jul 17, 2007 11:04pm
After a couple of hours... Count the pips... LoL

http://img353.imageshack.us/img353/4...sdscalpqy2.png
  • #38
  • Jul 17, 2007 11:58pm Jul 17, 2007 11:58pm
For those new to LinuxTroll, get his Mantra.
It is well worth the reading and application
  • #39
  • Jul 18, 2007 12:01am Jul 18, 2007 12:01am
Quoting linuxtroll
After a couple of hours... Count the pips... LoL

http://img353.imageshack.us/img353/4...sdscalpqy2.png
Linuxtroll,
The part I am still trying to get down is the entry.
Looking at the charts after the fact, it appears all to obvious, but at the time, it is less obvious.
When I look at this chart, it is like, duh!
But to be able to trade it at the time is different.
  • #40
  • Jul 18, 2007 12:50am Jul 18, 2007 12:50am
Quoting Stan
Linuxtroll,
The part I am still trying to get down is the entry.
Looking at the charts after the fact, it appears all to obvious, but at the time, it is less obvious.
When I look at this chart, it is like, duh!
But to be able to trade it at the time is different.
That's why you need the screen time (and trade only one timeframe and stick to one system -- remember the Mantra?)...

Did you "Duh!" the first chart I posted too? So many entry and exit points based on your style... How long you want to hold the trade... risk tolerance... etc...
-aggressive entries
-conservative entries
-H/V line break entries
-S/R breakout entries
-Scalping entries (Bubble trading)

Practice for a month and you will get your entries... After a few months it is a cake walk (like driving the car or swinging the golf club)... Do you still have problem when to release the clutch or press the accelerator? Back swing and forward swing?... Duh! LoL
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