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Linuxtroll Simple Scalping

  • #301
  • Aug 2, 2007 12:20pm Aug 2, 2007 12:20pm
Quoting linuxtroll
You do not need to be perfect...
Very good news!
Grab the pips and run to the golf course... No over trading... LoL
The remedy for overtrading. Sounds good!
Thanks LT.
Great going everyone!

FXS

You know that after the book will be a movie deal, right?
  • #302
  • Aug 2, 2007 1:04pm Aug 2, 2007 1:04pm
Quoting springsnow
Print Screen button on the keyboard right? If it's so it doesn't look it's working for me .
Oh well nevermind i downloaded the "gadwin printscreen" freeware and it's working fine now^^.
  • #303
  • Aug 2, 2007 1:08pm Aug 2, 2007 1:08pm
Quoting springsnow
I've always been taking my screenshots with MT3or4 , how do you take
screenshots with Oanda?
Thanks.
Download and install GIMP: http://www.gimp.org/
  • #304
  • Aug 2, 2007 2:30pm Aug 2, 2007 2:30pm
my problem with rainbow still is the entry point. Is it the spine cross, is it the price below (above) spine? I dont have yet an answer for this. Could you help me please?

In the meanwile i thought of CCI indicator. I plotted a CCI 50 period on 5sec chart and i noticed that when indicator cross +100 (-100) line i have a solid price move to trade. I enter on the cross ( thick color on oanda) and i exit on cross back or 50 (-50) line cross bACK. It corresponds with the +-100 line cross of CCI 14 indicator on 1M chart wich i used with success in the past.

Your comments are welcome.
  • #305
  • Aug 2, 2007 3:23pm Aug 2, 2007 3:23pm
Quoting linuxtroll
Download and install GIMP: http://www.gimp.org/
Very nice to have.
Thanks LT!

FXS
Attached Image (click to enlarge)
Click to Enlarge Name: o.jpg Size: 114 KB
  • #306
  • Aug 2, 2007 3:59pm Aug 2, 2007 3:59pm
ikons8,
I think it is more subjective than you are allowing. LT talks about price and time lines and how they are being cut by the MA's. My take on entry is with trend when MA's are steep. I wait for pullback to get in then target the previous high or low to take half the position off.
It really is that easy.
  • #307
  • Aug 2, 2007 7:42pm Aug 2, 2007 7:42pm
Quoting linuxtroll
Download and install GIMP: http://www.gimp.org/
Thanks for the link LT
  • #308
  • Aug 3, 2007 1:55pm Aug 3, 2007 1:55pm
030807 --> +22 pips

Got 22 pips today, mostly trading the bubble on usdchf. It´s hard to play the bubble, but guess i´m haddling it.

Thanks LT

Carllos
Attached Image (click to enlarge)
Click to Enlarge Name: rainbow030807.jpg Size: 77 KB
"Hoe ur pips mate?" fxcarllos
  • #309
  • Aug 3, 2007 2:02pm Aug 3, 2007 2:02pm
Quoting THE FxORCE
ikons8,
I think it is more subjective than you are allowing. LT talks about price and time lines and how they are being cut by the MA's. My take on entry is with trend when MA's are steep. I wait for pullback to get in then target the previous high or low to take half the position off.
LT did a very intelligent thing not posting a trading rule or a set of setups. That made each one of us to find what really fit our trading stile instead of sticking to his own rules. I´m now studying 3 diferent approachs from the same concept:
-Rainbow
-Trend
-Retracement
And that is all we need. It´s like having keys, car and gas.. but "you" have to drive it.

Thanks LT

Carllos
"Hoe ur pips mate?" fxcarllos
  • #310
  • Aug 3, 2007 2:55pm Aug 3, 2007 2:55pm
Quoting Carllos
LT did a very intelligent thing not posting a trading rule or a set of setups. That made each one of us to find what really fit our trading stile instead of sticking to his own rules. I´m now studying 3 diferent approachs from the same concept:
-Rainbow
-Trend
-Retracement
And that is all we need. It´s like having keys, car and gas.. but "you" have to drive it.

Thanks LT

Carllos
Nice going on your trading, C!
It's coming together (slowly!) for me too. It's tempting to
pehaps try to come up with a consensus from the group
here on what is working "best". But, like you have pointed
out, it's most likely not a good idea. Probably would just
be confusing and ,even much worse, create doubt and lack
of confidence! That wouldn't be good. A little while ago there
was a post expressing concern about posting our charts.
But, IMO we should still post charts and trades (if we want!).
Just realize that our POV, TF, strategies WILL MOST LIKELY
differ from each other. We can still learn and share ideas!
Just remember the old story about the blind guys and
the elephant!

One area that I think we should share on though, is b roker
experience and thoughts. We need as much of an edge as we can get!
I'm a small fish (tiny minnow!) and the best combo that I've discovered,
for a small ECN account with Mini's and 5 sec. charting, is EFX for ECN
with OANDA for charts. I'm only demoing so, we'll see how it works for real!
I'll probably go live with OANDA first since they have Micro's.

Looking forward to any End of Week discussion from you guys (and gals?)

FXS
  • #311
  • Aug 3, 2007 6:44pm Aug 3, 2007 6:44pm
Quoting FXSurfer
Nice going on your trading, C!
It's coming together (slowly!) for me too. It's tempting to
pehaps try to come up with a consensus from the group
here on what is working "best". But, like you have pointed
out, it's most likely not a good idea. Probably would just
be confusing and ,even much worse, create doubt and lack
of confidence! That wouldn't be good. A little while ago there
was a post expressing concern about posting our charts.
But, IMO we should still post charts and trades (if we want!).
Just realize that our POV, TF, strategies WILL MOST LIKELY
differ from each other. We can still learn and share ideas!
Just remember the old story about the blind guys and
the elephant!

One area that I think we should share on though, is b roker
experience and thoughts. We need as much of an edge as we can get!
I'm a small fish (tiny minnow!) and the best combo that I've discovered,
for a small ECN account with Mini's and 5 sec. charting, is EFX for ECN
with OANDA for charts. I'm only demoing so, we'll see how it works for real!
I'll probably go live with OANDA first since they have Micro's.

Looking forward to any End of Week discussion from you guys (and gals?)

FXS
EFX has micros too Just put .1 or .2 or whatever. It is a micro lot.
I am now using Oanda charting and EFX as an ECN. I am hoping when EFX's Omega comes out, it will have a comparable chating package as does Oanda.
I do use the FXTrek (intellicharts) through EFX, but for the 5 second scalp, Oanda is the way to go for charting.
Stan
  • #312
  • Aug 3, 2007 7:30pm Aug 3, 2007 7:30pm
Quoting Carllos
LT did a very intelligent thing not posting a trading rule or a set of setups. That made each one of us to find what really fit our trading stile instead of sticking to his own rules. I´m now studying 3 diferent approachs from the same concept:
-Rainbow
-Trend
-Retracement
And that is all we need. It´s like having keys, car and gas.. but "you" have to drive it.

Thanks LT

Carllos
Absolutely... You got it... Charge on... Drive the car...
  • #313
  • Aug 3, 2007 10:41pm Aug 3, 2007 10:41pm
Quoting Stan
EFX has micros too Just put .1 or .2 or whatever. It is a micro lot.
Thanks Stan!

FXS

Also: Have you been able to get commision only (zero spread)
trades with EFX?
  • #314
  • Aug 3, 2007 11:00pm Aug 3, 2007 11:00pm
Quoting FXSurfer
Thanks Stan!

FXS

Also: Have you been able to get commision only (zero spread)
trades with EFX?
very rare to see zero spread,but easily to get 1 pip spread on cable.
  • #315
  • Aug 4, 2007 2:56am Aug 4, 2007 2:56am
Quoting FXSurfer
Thanks Stan!

FXS

Also: Have you been able to get commision only (zero spread)
trades with EFX?
Yes, on E/U and E/Y. Not sure what Linustroll meant when he said, "They do have spreads <= 0... during active market times... adjust your spread meter values..."
But I try to watch until it is either 0 or 1 pip.
  • #316
  • Aug 4, 2007 4:17am Aug 4, 2007 4:17am
Hi,

Compare EFX and Oanda which one offer the best spread? I refer to the commission rate posted by amenlo9, the rate offer by EFX seem to be more expensive than Oanda. Please correct me if Im wrong.

Of course, I have come across in the forum that Oanda might "switch off" their sever during news time for an hour or so. It sound really scarely to me if it is true. By the way, have they improved their system or do they continue switching off their sever during news time???

Which one you prefer??? Any comments please.

Thanks.
  • #317
  • Aug 4, 2007 4:22am Aug 4, 2007 4:22am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting yyc196
Of course, I have come across in the forum that Oanda might "switch off" their sever during news time for an hour or so. It sound really scarely to me if it is true. By the way, have they improved their system or do they continue switching off their sever during news time???
In my experiences, Oanda are more likely to increase spreads by sometimes as much as 30 points at news time rather then 'trip over the power cord for the server' if you know what I mean...
  • #318
  • Aug 4, 2007 4:31am Aug 4, 2007 4:31am
Quoting CHECKstar
In my experiences, Oanda are more likely to increase spreads by sometimes as much as 30 points at news time rather then 'trip over the power cord for the server' if you know what I mean...
Thanks for the advise, if that is the case it means that my position will easily get executed during news time!!!

May I said that if I don't trade near news time, it should be OKay???

I am also interested to know what other broker people in this thread use for scalping. But I know EFX is a popular one so far.

Regards
  • #319
  • Aug 4, 2007 10:19am Aug 4, 2007 10:19am
Have you seen the EXF Group - Introduction thread?
http://www.forexfactory.com/showthread.php?t=10002
Lots of good info!

FXS
  • #320
  • Aug 4, 2007 11:13am Aug 4, 2007 11:13am
EFX charges you $10 per standard lot round trip, while Interactive Brokers charges $4. Does this make sense?
Even $4 is a lot if you scalp. You end the day with more than $100 in comissions to pay very easy.

In addition, IB offer the BookTrader, a nice ladder with the prices, very good to enter orders and watch the price move.

Only problem with them, very complicated platform, But you get used to this and you enjoy it after the first month.
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