what the rainbow started to show saying ?
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
DislikedApply @ closed/averaged/bid/ask ?? ?
1 min, because cant understand how to save chart on oanda.Ignored
Dislikedi think this method only can be traded using currency futures or ECN
with BIG Equity to hunt for 1pip 100 USDIgnored
DislikedDon't know about that hanz, I'm using it with a couple of other indicators with great success on the 1 minutes charts across 12 currency pairs.Ignored
DislikedHi Scorpion,
Do you mind sharing some of the indicators you mentioned. Personally, I am a great fans on Rainbow, I basically combine it with CCI (14 & 6).
RegardsIgnored
DislikedI know you don't need indicators, you suggested trying the %r as a helper, and it does.
For yyc, I use the rainbow on a 1 minute chart with 25,1,3 stoch thro 25/75 extremes for entry, confirmed with a 50 %r thro -20/-80 extremes in close proximity.
But concentrate on the rainbow, the indicators just help me pull the trigger as I am the worst at talking myself out of an entry which you do not have time to do with the rainbow, you need to just pull the trigger, the indicators just make me do it.Ignored
DislikedIn fact, I am almost sorry to see you let up to the relentless newbie onslaught expecting the easy path all the timeIgnored
DislikedMe too! Even though I'm one of them!
Great to have you here K! WELCOME!
ALSO: The thread's at 5 stars now. Where it should have
been from the beginning.Ignored
DislikedHey Linuxtroll,
Just finished reading everything you ever wrote(that I could find at least) for the past 8 hours(sad, I know), and I have to say thanks. It looks awesome, and I'm psyched to start my training tomorrow.
I must say I had enjoyed your cryptic responses. So many traders expect the silver platter and fail to use their brains, and I believe you have presented your ideas in a way that fosters ideas and experimentation. In fact, I am almost sorry to see you let up to the relentless newbie onslaught expecting the easy path all the time, but alas, that's another topic and my main point in posting is a big thank you to you.
Regards,
KevinIgnored
DislikedFive stars is right. I have always been a fan of scalping so the rainbow is just perfect for me. This method of trading is highly efficient.
Unfortunately I must ask one of those newbie type questions.
LT, I have noticed in some of your screenshots that the price sometimes goes against you somewhat before heading in the intended direction.
What keeps you in when this happens?
I guess what I am asking is when would decide that the market has turned and you need to exit?Ignored
DislikedMe too! Even though I'm one of them!
Great to have you here K! WELCOME!
ALSO: The thread's at 5 stars now. Where it should have
been from the beginning.Ignored
DislikedBeen playing around with an indicator for cyrox, RainbowArrowsV1. Right now it is basic but you have the options as follows,
FastMa= this is the fastest MA you want to use from a 1 period to a 10 period
Aggressiveness= 1 is the least aggressive and use the 200ma as the largest ma, 5 use the 120ma and steps in increments of 20
MAType is the standard type settings.
Things to do,
Create exit points,
Alerts,
Convert to objects instead of indicators so false signals will be deleted until a confirm at bar close,
IDEAS WANTED
Filters based on only the rainbow to eliminate false signals.
.ex4 only for now until finished.Ignored