It would be great to throw on the headphones and meditate to before a trading session!
- #487
- Aug 20, 2007 9:55pm Aug 20, 2007 9:55pm
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
Hi, LT
I have been looking at this rainbow to incorporate into my system.
I currently use 1&5 minute chart in Metatrader. the data dont seem to match ( there is delay about 1 second on each, sometime the metatrader is active while MBT is static....)...
Where can i get tick chart that work with EFX (MBT).
==========================================
I looked at USD/JPY rainbow (5,10,15...290,295,300 with 5 colour) the whole day and cant seem to understand it much
. I think maybe because I THINK that the MA only shows the past.... so my inner self cant understand what is really being shown.
Can you please advice.
Thanks.
I have been looking at this rainbow to incorporate into my system.
I currently use 1&5 minute chart in Metatrader. the data dont seem to match ( there is delay about 1 second on each, sometime the metatrader is active while MBT is static....)...
Where can i get tick chart that work with EFX (MBT).
==========================================
I looked at USD/JPY rainbow (5,10,15...290,295,300 with 5 colour) the whole day and cant seem to understand it much
. I think maybe because I THINK that the MA only shows the past.... so my inner self cant understand what is really being shown. Can you please advice.
Thanks.
[quote=Syafi;1549520]Hi, LT
I have been looking at this rainbow to incorporate into my system.
I currently use 1&5 minute chart in Metatrader. the data dont seem to match ( there is delay about 1 second on each, sometime the metatrader is active while MBT is static....)...
Where can i get tick chart that work with EFX (MBT).
EFX does not offer tick data, you need to check some other broker, I use Tradestation also for charting and in past for backtesting(waste of time).
==========================================
I looked at USD/JPY rainbow (5,10,15...290,295,300 with 5 colour) the whole day and cant seem to understand it much . I think maybe because I THINK that the MA only shows the past.... so my inner self cant understand what is really being shown.
Watch Rainbow long enough(more weeks) you will see moments, where you can grab 3-6 pips with momentum moves, sometimes moves like 10-15 pips no problem. But with R. you are on right side of the move. I love to trade 1-2 hours before London session, this morning I made 5,1% of my account. Why I spend 12 months with backtesting???? Trading momentum is the key.
Watch again all pictures in this threat.
Enjoy pips and have a great trades
Bruno
I have been looking at this rainbow to incorporate into my system.
I currently use 1&5 minute chart in Metatrader. the data dont seem to match ( there is delay about 1 second on each, sometime the metatrader is active while MBT is static....)...
Where can i get tick chart that work with EFX (MBT).
EFX does not offer tick data, you need to check some other broker, I use Tradestation also for charting and in past for backtesting(waste of time).
==========================================
I looked at USD/JPY rainbow (5,10,15...290,295,300 with 5 colour) the whole day and cant seem to understand it much
. I think maybe because I THINK that the MA only shows the past.... so my inner self cant understand what is really being shown. Watch Rainbow long enough(more weeks) you will see moments, where you can grab 3-6 pips with momentum moves, sometimes moves like 10-15 pips no problem. But with R. you are on right side of the move. I love to trade 1-2 hours before London session, this morning I made 5,1% of my account. Why I spend 12 months with backtesting???? Trading momentum is the key.
Watch again all pictures in this threat.
Enjoy pips and have a great trades
Bruno
- #489
- Aug 21, 2007 12:37am Aug 21, 2007 12:37am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Hi, LT
I have been looking at this rainbow to incorporate into my system.
I currently use 1&5 minute chart in Metatrader. the data dont seem to match ( there is delay about 1 second on each, sometime the metatrader is active while MBT is static....)...
Where can i get tick chart that work with EFX (MBT).
==========================================
I looked at USD/JPY rainbow (5,10,15...290,295,300 with 5 colour) the whole day and cant seem to understand it much
Can you please advice.
Thanks.
Cheers,
Hi Linuxtroll, been looking on this thread for some time 
,
I noticed in Oanda forums a few months ago you said:
"If you guys are serious in scalping; you need proper interface - similar to SuperDOM price ladder.."
Does this mean you use DOM ladder to help make your scalping trades, i.e. seeing the speed of Price change and Volume?
or do you only use rainbow? I was under impression you only use Rainbow?
Also for DOM: since this is Forex market true volume is not represented? or do you just look at Price change and that is good enough representation?
thanks for sharing your trading style!
,I noticed in Oanda forums a few months ago you said:
"If you guys are serious in scalping; you need proper interface - similar to SuperDOM price ladder.."
Does this mean you use DOM ladder to help make your scalping trades, i.e. seeing the speed of Price change and Volume?
or do you only use rainbow? I was under impression you only use Rainbow?
Also for DOM: since this is Forex market true volume is not represented? or do you just look at Price change and that is good enough representation?
thanks for sharing your trading style!
Hello everybody. So how it is going these days? Ok i just gonna tell you where i consider good price to enter on rainbow. Watch the price, Rainbow just show you direction and strength of trend. Watch how the price is moving around round numberss, i mean 10,20,30,...... Is quickly breaking or subtract from them? I think entering with momentum is less riskier as going on retracement. atleast for me.
To Linuxtroll : How do you use vertical lines?
I have one problem too. I dont know if only to me but OANDA data feed is very delayed. sometimes 1 or 2 seconds from MB. Do you have the same problem? thanks to all. have a good day
Denaro
To Linuxtroll : How do you use vertical lines?
I have one problem too. I dont know if only to me but OANDA data feed is very delayed. sometimes 1 or 2 seconds from MB. Do you have the same problem? thanks to all. have a good day
Denaro
- #493
- Aug 21, 2007 11:51pm Aug 21, 2007 11:51pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Hi Linuxtroll, been looking on this thread for some time
I noticed in Oanda forums a few months ago you said:
"If you guys are serious in scalping; you need proper interface - similar to SuperDOM price ladder.."
Does this mean you use DOM ladder to help make your scalping trades, i.e. seeing the speed of Price change and Volume?
or do you only use rainbow? I was under impression you only use Rainbow?
Also for DOM: since this is Forex market true volume is not represented? or do you just look at Price change and that is good enough representation?
thanks for sharing your trading style!
- #495
- Aug 22, 2007 12:04am Aug 22, 2007 12:04am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Hello everybody. So how it is going these days? Ok i just gonna tell you where i consider good price to enter on rainbow. Watch the price, Rainbow just show you direction and strength of trend. Watch how the price is moving around round numberss, i mean 10,20,30,...... Is quickly breaking or subtract from them? I think entering with momentum is less riskier as going on retracement. atleast for me.
To Linuxtroll : How do you use vertical lines?
I have one problem too. I dont know if only to me but OANDA data feed is very delayed. sometimes 1 or 2 seconds from MB. Do you have the same problem? thanks to all. have a good day
Denaro
No problem with the Oanda feed... Check your connection speed and increase your computer memory... If no improvement - try their desktop version...
- #497
- Aug 22, 2007 1:05am Aug 22, 2007 1:05am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
This thread has been here for a little over a month now and I am curious how many people that started this are still using it either with live, demo or screen timing it.
Understandably, it is not for everyone in that you pretty much must develop your own rules, and that is against what most of us were taught upon entering forex. We were taught, "If you follow the rules, you will be rich"
I for one, am trading the rainbow exclusively and am still at or better than 90% winning trades. (still working on not allowing the few losing trades take my gains)
Thanks to Linuxtroll for his input and ecouragement to all that are truly interested in learning this method.
In the words of the master, "Cheers and charge on"
- #499
- Aug 22, 2007 6:28am Aug 22, 2007 6:28am
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
I am still watching the rainbow, my eyes are 
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how do i save the rainbow in MetaTrader4?
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how do i save the rainbow in MetaTrader4?