Linuxtroll Simple Scalping | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Simple Scalping System 64 replies

xPip Simple Scalping 27 replies

Attachments: Linuxtroll Simple Scalping
Exit Attachments

Linuxtroll Simple Scalping

  • #201
  • Jul 25, 2007 11:42am Jul 25, 2007 11:42am
Quoting ycomp
why backtest when you can practice?

FXS

P.S. Just my opinion! Actually, it's great to see everyone's different
application of the rainbow. For myself, I'm trying to keep it close
to Post#1.
  • #202
  • Jul 25, 2007 12:11pm Jul 25, 2007 12:11pm
Quoting FXSurfer


Welcome 1!

FXS
Thank you FXSurfer.
  • #203
  • Jul 25, 2007 6:22pm Jul 25, 2007 6:22pm
Good question. How can you know what the average profit, stop loss and time a trade takes for completion. Only once you know these things can you practice.
Otherwise you are just like everyone else that finds a new strategy has a good run for a few months. Starts to crash and burn and you are onto the next system.
Backtesting can save you a lot of time and money. But hey keep practicing if you like. In 4 years time you will have the same knowledge I learnt in 2 weeks
  • #204
  • Jul 25, 2007 6:35pm Jul 25, 2007 6:35pm
Hi Rainbow friends,

am I right person for trading? Am I good enough to beat all other 98% of traders? Do I have enough discipline to be successful? Do I have right trading system? Do I have enough trading knowledge and experience that I can be consistent profitable?

YES, why not, I am great person, I am trying and I will do my best to make consistent money. It is long time process, I will do not achieve my goal without partial "problems". YES there is no other way, it is only question of time, I love this business.

Every system can make me 5 pips a day. Stay tuned with ONE system long enough. I know that 5 pips a day can make me rich.

Thank you Linuxtroll for neverending support.
Have a great trades
Bruno
  • #205
  • Jul 25, 2007 6:47pm Jul 25, 2007 6:47pm
Quoting FXSurfer

FXS

P.S. Just my opinion! Actually, it's great to see everyone's different
application of the rainbow. For myself, I'm trying to keep it close
to Post#1.
Way to go Surfer...
  • #206
  • Jul 25, 2007 6:48pm Jul 25, 2007 6:48pm
Quoting TheOne
Hi Linuxtroll, as you know I have been hunting you down for some time now.
This thread is like a dream come through for me so I just wanted to say thanks.
This in my opinion is by far the best thread I have seen in a while.
Please keep up the good work.
Ho Ho Ho...
  • #207
  • Jul 25, 2007 7:00pm Jul 25, 2007 7:00pm
Quoting Gazmanfx
Good question. How can you know what the average profit, stop loss and time a trade takes for completion. Only once you know these things can you practice.
Otherwise you are just like everyone else that finds a new strategy has a good run for a few months. Starts to crash and burn and you are onto the next system.
Backtesting can save you a lot of time and money. But hey keep practicing if you like. In 4 years time you will have the same knowledge I learnt in 2 weeks
With practice and screen time you will know how to scalp with Rainbow... This is not a strategy... A method to the madness... With practice you can identify what market is doing in real-time -- you jump in and out (What is the weather now?)...

Backtesting will have many unknown variables and results can not be trusted (like long term weather forecast)... If the market condition changed; then you will get burned... But, do not confuse this with Money Management and Compounding...
  • #208
  • Jul 25, 2007 7:01pm Jul 25, 2007 7:01pm
Quoting Bruno
Hi Rainbow friends,

am I right person for trading? Am I good enough to beat all other 98% of traders? Do I have enough discipline to be successful? Do I have right trading system? Do I have enough trading knowledge and experience that I can be consistent profitable?

YES, why not, I am great person, I am trying and I will do my best to make consistent money. It is long time process, I will do not achieve my goal without partial "problems". YES there is no other way, it is only question of time, I love this business.

Every system can make me 5 pips a day. Stay tuned with ONE system long enough. I know that 5 pips a day can make me rich.

Thank you Linuxtroll for neverending support.
Have a great trades
Bruno
Charge on...
  • #209
  • Jul 25, 2007 8:17pm Jul 25, 2007 8:17pm
Quoting Gazmanfx
That live trade just bagged me another 10 pips. Back to backtesting to make sure this continues
You just bagged your pips by trading, not backtesting, Gman!
You will continue to do so, with greater and greater consistency
as you get better - again, by trading not by backtesting.
You are improving by the only way anyone can - practicing.

Congrats and continued good trading to you!

FXS
  • #210
  • Jul 25, 2007 8:32pm Jul 25, 2007 8:32pm
Quoting FXSurfer
You just bagged your pips by trading, not backtesting, Gman!
You will continue to do so, with greater and greater consistency
as you get better - again, by trading not by backtesting.
You are improving by the only way anyone can - practicing.

Congrats and continued good trading to you!

FXS
He will study and back test Moe Norman's swing for years to come and he will never swing like Moe... LoL
  • #211
  • Jul 25, 2007 8:34pm Jul 25, 2007 8:34pm
Quoting FXSurfer

FXS

P.S. Just my opinion! Actually, it's great to see everyone's different
application of the rainbow. For myself, I'm trying to keep it close
to Post#1.
I agree. I understand one must use a method in a way they can trade off it, but I have seen so many methods start so simple and before long, someone discovers an indicator that "compliments" the new simple method, and shortly there is another "discovery", and another indicator is added, and before long it becomes a convoluted mess of lines, arrows, angles, triangles, boxes, historical highs and lows from 5 seconds ago to 25 years ago all to make a couple of pips. Wow, gimme a break! I just want a simple system to make a couple of pips so I can go home and make my wife happy, 'cause if she's happy, I'm happy, and I like to be happy.
  • #212
  • Jul 25, 2007 8:54pm Jul 25, 2007 8:54pm
Quoting Stan
I have seen so many methods start so simple and before long, someone discovers an indicator that "compliments" the new simple method, and shortly there is another "discovery", and another indicator is added, and before long it becomes a convoluted mess of lines, arrows, angles, triangles, boxes, historical highs and lows from 5 seconds ago to 25 years ago
Did I go overboard, Stan?
:surprised
FXS

P.S. If you look carefully on the chart you'll see me surfing back in time.
Yep, you guessed it - I'm backtesting this baby!
Attached Image (click to enlarge)
Click to Enlarge Name: filter.jpg Size: 69 KB
  • #213
  • Jul 25, 2007 9:02pm Jul 25, 2007 9:02pm
Quoting FXSurfer
Did I go overboard, Stan?
:surprised
FXS
This is the one that was popular on the other thread. I remeber it well. it was the one that started using no indicators at all, just by taking the average ambient temp dividing by the reletive humidity multiplied by pi.
It was oh so simple at first.
Look at my avitar, that's where it came from.
But back to the rainbow...
It is working for me, How about you?
I had to make some adjustments at my end, but thanks to LT for being patient, I can see what I was doing wrong!
I have made several trades since the other day and only one minor loss, in which I gained it back right away.
  • #214
  • Jul 26, 2007 9:00am Jul 26, 2007 9:00am
Today´s trades - first one TO GREEDY nice trade closed to late, and then nice movers. Last one quick scalper on round number 164. If every day will be like today...
Have agreat day
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: 2007-07-26_155453.jpg Size: 83 KB
  • #215
  • Jul 26, 2007 9:10am Jul 26, 2007 9:10am
Bruno, that there is really nice. May I request that you post slightly bigger charts as my poor eyes are having difficulty. Anyway please keep them coming.
  • #216
  • Jul 26, 2007 9:20am Jul 26, 2007 9:20am
Bigger size
Have a nice day
Attachment
Attached File(s)
File Type: pdf 2007-07-26_155453.pdf   226 KB | 1,061 downloads
  • #217
  • Jul 26, 2007 9:32am Jul 26, 2007 9:32am
As I discuss with Alessandro, I should learn from my own mistakes - so this is very poor trading from this morning - to much trades. Unfortunatelly not 5sec chart, I missed 5sec copy, on 1 minute it looks not very nice.... I was probably still drunk after yesterday´s tenis tournier.
STILL UNDISCIPLINED STUDENT
Attachment

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: 2007-07-26_162553.jpg Size: 94 KB
Attached File(s)
File Type: pdf 2007-07-26_162553.pdf   152 KB | 630 downloads
  • #218
  • Jul 26, 2007 9:49am Jul 26, 2007 9:49am
Yes Bruno this is why I always take a screenshot and analyze my trades, good and bad !
these are my trades, Linuxtroll I cannot say Thanks you enough :-)
I've spent so much money buying Courses and systems and only lost money.
You are a Gift from God! Scalpers helping Scalpers !
Attached Image (click to enlarge)
Click to Enlarge Name: 5 sec 10-11.jpg Size: 68 KB
  • #219
  • Jul 26, 2007 9:50am Jul 26, 2007 9:50am
New York session
Attached Image (click to enlarge)
Click to Enlarge Name: 5 sec 15-16.jpg Size: 80 KB
  • #220
  • Jul 26, 2007 9:52am Jul 26, 2007 9:52am
Quoting Bruno
Today´s trades - first one TO GREEDY nice trade closed to late, and then nice movers. Last one quick scalper on round number 164. If every day will be like today...
Have agreat day
Attachment
Most of the days are like today, when you monitor the market with 5 sec-1min Rainbow chart...

Charge on make money...
22 traders viewing now