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Linuxtroll Simple Scalping

  • #61
  • Jul 19, 2007 3:01am Jul 19, 2007 3:01am
Quoting linuxtroll
Charge on... Contribute...

One major point... There are no such thing as mistakes... Nobody can predict continuation of the move... if you sense that the market is moving against you; just get out and wait for another move... Much safer that way... read the mantra again... LoL

Ok thanks teacher :-)
  • #62
  • Jul 19, 2007 3:12am Jul 19, 2007 3:12am
Quoting italianfx
Nice to see you Andy, I think we should post our charts to study our entry and exit strategy and to learn from our mistakes.
So please post your charts.

Anyone useing rainbow want contribute to this thread ?

I hope this thread will become like the Philip Neil 5 min thread.
In my opinion, this thread will be more profitable than Nell's thread, and here is the reason I say that.
Nell's thread is very good information and there is a lot one can learn from it.
Phill Nell, if I am not mistaken, is still perfecting the system to become a full time trader.
The originator of this thread, has already become the trader we are striving towards...FULL TIME!
Phill and Golfer are doing very good there, but take that knowledge they are sharing there, and apply it here, or the knowledge here combine it there...Well, you get my drift.
Learn mostly from those that have proven their selfs and their system.
There are certain concepts that transcend through all systems...We must ascertain what that is, and apply it to our trading.
My opinion only.
  • #63
  • Jul 19, 2007 4:37am Jul 19, 2007 4:37am
Linuxtroll,
What do you consider the best pairs to trade this system?
What do you think are the safest pairs if different from the best?
Or does it really matter?
Thanks
  • #64
  • Jul 19, 2007 5:12am Jul 19, 2007 5:12am
It pay to have patience.
Let's see if the last trade goes in profit...
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  • #65
  • Jul 19, 2007 5:12am Jul 19, 2007 5:12am
1 min naked
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  • #66
  • Jul 19, 2007 5:14am Jul 19, 2007 5:14am
1 min with Rainbow help.
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  • #67
  • Jul 19, 2007 5:54am Jul 19, 2007 5:54am
I think this was luck
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  • #68
  • Jul 19, 2007 6:09am Jul 19, 2007 6:09am
Quoting Stan
Linuxtroll,
What do you consider the best pairs to trade this system?
What do you think are the safest pairs if different from the best?
Or does it really matter?
Thanks
You can trade any pair...
eurjpy and gbpusd...
No... LoL
  • #69
  • Jul 19, 2007 6:17am Jul 19, 2007 6:17am
Quoting italianfx
I think this was luck
H/V lines are great to have full control (Money and Time)...

If you remove WMA5 and change "CandleStick" to "Average Price", you will get a better chart... Keep average price the same color... Follow that like you are following naked Candlestick chart...
  • #70
  • Jul 19, 2007 6:20am Jul 19, 2007 6:20am
Quoting italianfx
1 min naked
Remove the wma5 and you will have better view and control... and trade naked... LoL
  • #71
  • Jul 19, 2007 7:14am Jul 19, 2007 7:14am
Quoting linuxtroll
H/V lines are great to have full control (Money and Time)...

If you remove WMA5 and change "CandleStick" to "Average Price", you will get a better chart... Keep average price the same color... Follow that like you are following naked Candlestick chart...
What is a H/V line?
  • #72
  • Jul 19, 2007 10:40am Jul 19, 2007 10:40am
You've written a good post!

I'm a new demo trader so you probably don't
want to hear from me but, I'll just say a word.

If you've followed Linuxtroll's posts before, you know
he is of few words - really just his style. A little enigmatic?
Hey, everyone has their own way.
His method is about teaching you the art, not the system,
of trading. Anyone reading can correct me here but, this
is no system. So, is it a method? Yes. What is "the" method?
Your methodology will be developed by you with screen time.
We are all different traders with different perspectives and
moreover, changing all of the time! It allows for the growth.
Many people on the thread could, and I'm sure will, start
sharing their observations and experiences. But, it will be your
own that will develop into your methodology here.
Linuxtroll could write a big book on this I'm sure. He is showing
us how to do it like he did - on his own with support.
But, he will answer specific questions. Not so much general ones.

Here's what it really is, from what I see, naked trading with
some training wheels.

LT, and others, please correct my misunderstandings here!

Good trading (with Demo and Micro's first!) Jeff!

FXS


Way too many words!
  • #73
  • Jul 19, 2007 11:09am Jul 19, 2007 11:09am
Quoting FXSurfer
You've written a good post!

I'm a new demo trader so you probably don't
want to hear from me but, I'll just say a word.

If you've followed Linuxtroll's posts before, you know
he is of few words - really just his style. A little enigmatic?
Hey, everyone has their own way.
His method is about teaching you the art, not the system,
of trading. Anyone reading can correct me here but, this
is no system. So, is it a method? Yes. What is "the" method?
Your methodology will be developed by you with screen time.
We are all different traders with different perspectives and
moreover, changing all of the time! It allows for the growth.
Many people on the thread could, and I'm sure will, start
sharing their observations and experiences. But, it will be your
own that will develop into your methodology here.
Linuxtroll could write a big book on this I'm sure. He is showing
us how to do it like he did - on his own with support.
But, he will answer specific questions. Not so much general ones.

Here's what it really is, from what I see, naked trading with
some training wheels.

LT, and others, please correct my misunderstandings here!

Good trading (with Demo and Micro's first!) Jeff!

FXS


Way too many words!




You 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.
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  • #74
  • Jul 19, 2007 11:40am Jul 19, 2007 11:40am
Italian this is a great day of trading! I see your entry and exits and I read your rationale. You have done tremendously well. Congratulations. Keep up the good work.
I think there are a few people here still confused about how to trade the MMA scalp. For those that are confused perhaps it should be noted again like Surfer said, "It's an art."
You see price compressing the lines against a trend and you get in the direction of the trend.
Italian goes one step farther and enters on bubbles to fade the spike. That to me is the most impressive of his entries. I'm very impressed with what he has done and proved that he has done as you can see his entry and exit. If anyone can match that trading in one day I have much respect for them.
Great thread, Guys. Keep up the good work. I just downloaded the WMA template. Thank you, Metto!
It really is that easy.
  • #75
  • Jul 19, 2007 12:08pm Jul 19, 2007 12:08pm
I think this is the thread where there is more info on Troll's method. You can read that and then continue the discussion here.

http://www.kolachitrader.net/phpBB2/...er=asc&start=0
Pablo
  • #76
  • Jul 19, 2007 12:59pm Jul 19, 2007 12:59pm
Quoting Just1Pip
What is a H/V line?
Horizontal and vertical lines on the chart... Price and Time...
  • #77
  • Jul 19, 2007 1:34pm Jul 19, 2007 1:34pm
LT I followed up on the other forum already. Good stuff mainly the visuals are great for grasping the movements. Like you say screen time is key.
I'm looking at the charts and combining what I know about the markets. There are times of day that should be avoided and times that are conducive to scalping. When bonds begin trading at 10est would be a time to avoid and 3pm when they stop would also be a good time to ignore. Have you found this to be true? I know you said get 10 pips and go golf which I totally agree with. One must set an attainable goal and 10 pips is attainable with little stress which allows the trader to maintain sanity.
Someone posted Kevin Ho scalping PDF in this thread. I had read that a month ago and it's what I'm basing my times to avoid from. He has some great setups in that PDF.
It really is that easy.
  • #78
  • Jul 19, 2007 1:48pm Jul 19, 2007 1:48pm
Quoting THE FxORCE
LT I followed up on the other forum already. Good stuff mainly the visuals are great for grasping the movements. Like you say screen time is key.
I'm looking at the charts and combining what I know about the markets. There are times of day that should be avoided and times that are conducive to scalping. When bonds begin trading at 10est would be a time to avoid and 3pm when they stop would also be a good time to ignore. Have you found this to be true? I know you said get 10 pips and go golf which I totally agree with. One must set an attainable goal and 10 pips is attainable with little stress which allows the trader to maintain sanity.
Someone posted Kevin Ho scalping PDF in this thread. I had read that a month ago and it's what I'm basing my times to avoid from. He has some great setups in that PDF.
That's why the first bullet -- identify the time (time that you are going to scalp every day)... I posted Kevin Ho, Ultimate trader and Mantra several years ago to understand the philosophy...
  • #79
  • Jul 19, 2007 1:58pm Jul 19, 2007 1:58pm
here is a slightly updated version originally posted by Metta.
I have changed the color of the 240wma to be able to see much easier the spine.
and i've added timezone colors.
now the fun begins. to scroll through MT4 one bar at a time you can click F12. Scroll through a month of data and find your ideal timezones to scalp!
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It really is that easy.
  • #80
  • Jul 19, 2007 2:58pm Jul 19, 2007 2:58pm
Quoting THE FxORCE
now the fun begins. to scroll through MT4 one bar at a time you can click F12. Scroll through a month of data and find your ideal timezones to scalp!
I was looking for this information for months now !!! Thanks !!!
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