THANK YOU Linuxtroll for sharing your method with us!! I have been using it with great success trading the DAX.
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
DislikedAs 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 STUDENTIgnored
Dislikedthanks for your great contribution, Linuxtroll
could you pls. post some more pic of your trade?Ignored
DislikedI too would like to see some charts by the man himself with explainations as to why the trade was or was not taken.
Thanks to Bruno I can see clearly now. I now need to focus my efforts on italianfx.
Tried rainbow for the first time and made two pips. I got out early because move made over 12 pips total. With enough practice I may be able to get all twelve.Ignored
Disliked-Identify the time (example: EST 3:00-3:30)
-Monitor the market using <=1min time frame (use the attached setup)
-Identify the direction of the move
-Jump in and out with higher lots
-You are done for the day within 30-60min
-Go out and golf
NB! Spend a few months screen time with this setup... If you detect that the price is moving against you -- jump out immediately -- you will always get better trades later... You can add Rainbow to support and capture big moves (here you can pick the time frame based on your risk capital -- example 3h)... Only use this scalping style with ECN and jump in when you get the spread <=zero... Keep it Simple... Make Money and Enjoy...Ignored
DislikedHere are my trades for the day...
+ 50 pips total
THANK YOU LINUXTROLL THE RAINBOW KICKS A$$Ignored