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Linuxtroll Simple Scalping

  • #121
  • Jul 21, 2007 9:08pm Jul 21, 2007 9:08pm
Quoting Fumafuma
This is USD/JPY daily chart. (We trade USD/JPY only)
My husband offers a compliment on your geometric, stereoscopic and beautiful system.
Thanks Fumafuma...
  • #122
  • Jul 21, 2007 9:12pm Jul 21, 2007 9:12pm
Quoting FXSurfer
Wow! I just did the Google search. So many people
on other forums doing Q&A with LT over the years.
It must be like a broken record for him!
Everyone here should spend some time on the Google
search results to answer lots of common, recurring
questions so that we can move forward in our understanding
much more quickly!
Hey, LT! Now I can see that you must be
a really patient and persevering person to share your method
and field the same questions over and over and over again!

Thanks for the post, nhallmark!

FXS
LoL
  • #123
  • Jul 21, 2007 9:17pm Jul 21, 2007 9:17pm
Quoting nhallmark
When you get done with that, go back to all the forums in the search results and click his user profile and read all his posts in other threads...I've been stalking LT since february without him knowing...err, until now...lol

The two most common things I have found in his posts are...

1. He is vague but if you do your homework, he actually says a lot.

2. He loves golf...lol

Anyway, I guess LT is out for the weekend...so what time of day do you guys usually attempt to scalp the rainbow?
Participating in The 3rd Annual Moe Norman Memorial Tournament - Sat and Sun...

http://www.swinglikemoe.com/index.ph...l_Tourney&=SID
  • #124
  • Jul 21, 2007 9:29pm Jul 21, 2007 9:29pm
Quoting linuxtroll
Participating in The 3rd Annual Moe Norman Memorial Tournament - Sat and Sun...

http://www.swinglikemoe.com/index.ph...l_Tourney&=SID
Cool, man. Good luck!
  • #125
  • Jul 21, 2007 9:30pm Jul 21, 2007 9:30pm
Quoting nhallmark
Cool, man. Good luck!
We do not need luck... It is fun... LoL
  • #126
  • Jul 21, 2007 9:48pm Jul 21, 2007 9:48pm
He apparently love some other things as well. did someone hack onto your site? It seems strange to find a link to a MILF site. I dunno!! Pretty funky man

Quoting nhallmark
When you get done with that, go back to all the forums in the search results and click his user profile and read all his posts in other threads...I've been stalking LT since february without him knowing...err, until now...lol

The two most common things I have found in his posts are...

1. He is vague but if you do your homework, he actually says a lot.

2. He loves golf...lol

Anyway, I guess LT is out for the weekend...so what time of day do you guys usually attempt to scalp the rainbow?
  • #127
  • Jul 21, 2007 10:22pm Jul 21, 2007 10:22pm
Hello all,

Firstly, a thank you to linux for bringing his method over to ff. I have followed his posts on oanda forum, and they certainly were helpful.

Someone posted what is the difference b/w ecn (eg mbt/efx) and oanda, since you have to pay $1 in and $1 out on each 10k traded with mbt/efx. I love oanda, it is by far the best broker for someone starting out. Mainly because you can trade any unit size. There is one thing that 99.99% of people using oanda do not think about. Interest. Works in ur favour when u r trading % positive, but as a scalper, you will invariably take % negative positions. Oanda calculates % sec by sec. So if you shorted gbp/jpy and made 5 pips, and you were in the trade a few mins, you will lose a small portion of ur profit to negative interest. Very small amount, but if you are going to compound ur profits, then you must also compund the profit u r losing each time to negative interest. Just something to think about.

On a last note. MM is what makes a good system, a brilliant system. Do not get greedy. Make an excel spreadsheet, and see what just 5 pips per day can do for you. When starting out, just aim for small pips, 2, 5, 10, what ever. I do not recommed more than 10. Once you have reached ur daily goal, stop trading. You will be amazed how relaxed, you will be, and how much more you will be able to concentrate the next day. Once you have grown your capital enough to be able to close half your trade(giving to good $$), let the second one trail. It is the second one that is going to give you the "brilliant" system.

If for any reason my post contradicts any rules, or linux feels it is not helping, feel free to delete it. I am not that sensitivehttp://www.forexfactory.com/images/icons/icon10.gif

Cheers,
K.
  • #128
  • Jul 21, 2007 11:18pm Jul 21, 2007 11:18pm
Quoting linuxtroll
We do not need luck... It is fun... LoL

Well, have fun...lol!
  • #129
  • Jul 22, 2007 12:26am Jul 22, 2007 12:26am
Quoting acapulco
He apparently love some other things as well. did someone hack onto your site? It seems strange to find a link to a MILF site. I dunno!! Pretty funky man
Linuxtroll.com is not my domain... Someone copied my old infosec website and added MILF stuff and hosting linuxtroll.com from spam registrar site... Too many spammers... I can not do anything... I complained it to above.net... No help from those idiots...
  • #130
  • Jul 22, 2007 12:30am Jul 22, 2007 12:30am
Quoting nhallmark
Well, have fun...lol!
Thanks man...
  • #131
  • Jul 22, 2007 4:03am Jul 22, 2007 4:03am
Quoting Bruno
Hello,

thanks to Linuxtroll and Italian pips pirate Alessandro I watch now EUR/USD 1 hour a day with these setup:

- Main trend 5sec just for direction,
- then I watch also 5 min Heikin Ashi candles with 5 min timer.

If last candle (10-15 sec before 5 min interval end) change colour from red to green and I have long trend on 5sec chart I jump quick in for 5-8 nett pips. Most trades(90%) I take between 8 - 9 AM(I am GMT plus 2)so before London session, using Level 2 for "almost" 0 spread and it works!

Bruno

Nice to see you in this thread Bruno, I hope you will have more and more success with Linuxtroll Rainbow method.

I'm still thanking God to have found Linuxtroll help
  • #132
  • Jul 22, 2007 4:54am Jul 22, 2007 4:54am
Quoting linuxtroll
Participating in The 3rd Annual Moe Norman Memorial Tournament - Sat and Sun...

http://www.swinglikemoe.com/index.ph...l_Tourney&=SID

Have a nice week end!!!

PS. this is the Jackpot you were talking about, but I missed it :-(

What a huge fall !!!
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  • #133
  • Jul 22, 2007 9:05am Jul 22, 2007 9:05am
is there any difference between the live feed and the demo?
  • #134
  • Jul 22, 2007 2:24pm Jul 22, 2007 2:24pm
right now I am scalping basically off price action, using candlesticks, bollinger, S/R, trendlines, fibs. However I really like this concept of using MMAs to show trend strength.

I would like to know, LT, do you plot any of these various S/R types on higher charts and use them to help trade off the 1min/5sec charts? or do you only rely on the rainbow MMA, grids, and a mental awareness of S/R levels?

thanks for starting this thread, and to everyone else for contributing and sharing charts, and especially italian for posting the pdfs.
  • #135
  • Jul 22, 2007 5:55pm Jul 22, 2007 5:55pm
Quoting ycomp
is there any difference between the live feed and the demo?

I have been using Oanda for over a year and I have seen no difference between the live and demo feeds.
  • #136
  • Jul 23, 2007 12:49am Jul 23, 2007 12:49am
Linuxtroll, what time zone are you in?
  • #137
  • Jul 23, 2007 5:33am Jul 23, 2007 5:33am
Quoting nhallmark
Linuxtroll, what time zone are you in?
EST
  • #138
  • Jul 23, 2007 5:44am Jul 23, 2007 5:44am
Quoting dottore
Zapraszam Cie Linux na lunch jak będziesz w Polsce. Ten kraj jest coraz piękniejszy.

It's good to live here, from time to time govt officials say that there will be no taxes from financial gains (stocks, forex). Hope so....

Linux in your first post you said that "Only use this scalping style with ECN and jump in when you get the spread <=zero..."

Do you use an ECN, I thought that you have an account with Oanda? As far as I know Oanda has a min rigid spread 1,6 pip on euro.

And what about yout take profit level? on average is it 4,5,7 pips?

even 4 pips with 2 lots it is a 80 bucks per trade, ten winners and two losers gives over 600 $ daily in an hour which is not bad...

and the last question - the backbone for 5 sec chart it is WMA 144? I'm starting tomorrow with Oanda.
Use ECN for scalping... and Oanda for charting... Read mantra and make your own money management rules according to your currency pair that you are trading...
  • #139
  • Jul 23, 2007 5:49am Jul 23, 2007 5:49am
I missed my favorite trading time for EUR/USD today, but still profitable.
As I mentioned in my last message. Looking at 5min TF , watch the first green candle, than expect 50%fib retracement - first trade to tight SL, second exit on 50fib retracement - nett 4 pips today. My biggest problem - OVERTRADING AFTER FIRST NETT 4-5 PIPS. Go read again MANTRA!
Have a nice day
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  • #140
  • Jul 23, 2007 6:00am Jul 23, 2007 6:00am
Look at it - nice opportunity between 7 - 9am EUR/USD. With more experience (another 2-3 years) I can take much more from this trade....good trade for FIBS
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