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Linuxtroll Simple Scalping

  • #221
  • Jul 26, 2007 9:53am Jul 26, 2007 9:53am
THANK YOU Linuxtroll for sharing your method with us!! I have been using it with great success trading the DAX.
  • #222
  • Jul 26, 2007 9:59am Jul 26, 2007 9:59am
Quoting Bruno
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
It is normal in trading... You can always capture another move...

Calvin Coolidge's words will work here too:
"Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan "press on" has solved and always will solve the problems of the human race".
  • #223
  • Jul 26, 2007 10:12am Jul 26, 2007 10:12am
thanks for your great contribution, Linuxtroll

could you pls. post some more pic of your trade?
  • #224
  • Jul 26, 2007 10:36am Jul 26, 2007 10:36am
Quoting bltoby
thanks for your great contribution, Linuxtroll

could you pls. post some more pic of your trade?
I 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.
  • #225
  • Jul 26, 2007 11:02am Jul 26, 2007 11:02am
Quoting TheOne
I 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.

Yes I know they are too small, try to copy and past them on a word file. they will be bigger.
  • #226
  • Jul 26, 2007 11:05am Jul 26, 2007 11:05am
Will try that, thanks.
  • #227
  • Jul 26, 2007 11:15am Jul 26, 2007 11:15am
Linuxtroll do you have a copy of "The Ultima Chance"? it's not available anymore online, it was nice to read sometime.
  • #228
  • Jul 26, 2007 11:45am Jul 26, 2007 11:45am
Here you go italianfx. Hope this helps.
Attached File(s)
File Type: zip The Ultimate Chance-Revision1.zip   185 KB | 1,861 downloads
  • #229
  • Jul 26, 2007 12:22pm Jul 26, 2007 12:22pm
Quoting TheOne
Here you go italianfx. Hope this helps.
I just noticed they deleted this from wikibooks. Bastards

I'm tired of people deleting things just because they think it is "dangerous". Who cares if it is dangerous? We are adults, it is our money. Last I heard casinos were dangerous too...

and the other thing too... one of the best things that can happen to a person is that he loses money at first (enough that it hurts)... first time I lost a lot of money (it wasn't FX), I decided that I had to get off my ass and make some real money... so guess what happened?
  • #230
  • Jul 26, 2007 12:41pm Jul 26, 2007 12:41pm
Quoting linuxtroll
-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...
Practicing just with the Post #1 instructions is great!
It's hard to NOT see what's happening! Real Time!

The only problem with my following the instructions is getting
a hard-hat for everyone on the course!

Many Thanks to LT and Everyone

FXS

P.S. Don't laugh at the pink - it's relaxing (and pretty )
Attached Image (click to enlarge)
Click to Enlarge Name: pink.jpg Size: 35 KB
  • #231
  • Jul 26, 2007 5:08pm Jul 26, 2007 5:08pm
Quoting TheOne
Here you go italianfx. Hope this helps.

You are my Hero, thanks a lot!



Alessandro
  • #232
  • Jul 26, 2007 5:16pm Jul 26, 2007 5:16pm
This is what I like most:

1) The current price is telling you the current truth
2) All price-movements before the current price are telling you the current truth of the moments in the past.
3) Pips are very well showing you if you have performed well or worse.
4) every day you lose time until you are dead.
5) New account balance= start account balance*Percent to add ^ (time frame) ; shows you how much time you need to get from poor to rich.

The first 3 thing I'm able to SEE. The 4th & 5th is something I really KNOW



Why did I mark fact 4?

-You may be the richest man or woman ever in the world, but if you are too old to enjoy your money, it's worthless,at least for yourself.
-So one can say: with every day your money looses its worth, simply because you lack the time to enjoy it.
  • #233
  • Jul 27, 2007 1:23am Jul 27, 2007 1:23am
Here are my trades for the day...

+ 50 pips total

THANK YOU LINUXTROLL THE RAINBOW KICKS A$$
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.jpg Size: 134 KB
  • #234
  • Jul 27, 2007 1:35am Jul 27, 2007 1:35am
Quoting nhallmark
Here are my trades for the day...

+ 50 pips total

THANK YOU LINUXTROLL THE RAINBOW KICKS A$$
Terrific! I didn't get that many pips, but I did pick up 15 pips.
I am still working on my exit. Seems I chicken out too many times and miss a bigger move. But at least I am not losing.
  • #235
  • Jul 27, 2007 1:43am Jul 27, 2007 1:43am
Quoting nhallmark
Here are my trades for the day...
+ 50 pips total
THANK YOU LINUXTROLL THE RAINBOW KICKS A$$
Well Done!
Continued Good Trading To You!

FXS
  • #236
  • Jul 27, 2007 1:53am Jul 27, 2007 1:53am
Quoting nhallmark
Here are my trades for the day...

+ 50 pips total

THANK YOU LINUXTROLL THE RAINBOW KICKS A$$


Very Impressive!!! Good Job!
  • #237
  • Jul 27, 2007 2:06am Jul 27, 2007 2:06am
nhallmark, great trades congrat. I have not very good day, market is very crazy... My result is -12pips, hope it will be better with NY session.
  • #238
  • Jul 27, 2007 2:32am Jul 27, 2007 2:32am
Thanks guys!
  • #239
  • Jul 27, 2007 5:23am Jul 27, 2007 5:23am
Thank you LinuxTroll
for your setup
It adds greatly to other systems I use.
Wish you many pips and maximum growth of your capital
it's o'k to win ...
  • #240
  • Jul 27, 2007 7:00am Jul 27, 2007 7:00am
Terrible spikes up and down today - is it common for EURJPY? I trade this pair only very short time?
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