Linuxtroll Simple Scalping | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Linuxtroll Simple Scalping
Exit Attachments

Linuxtroll Simple Scalping

  • #721
  • Aug 28, 2007 12:26pm Aug 28, 2007 12:26pm
I would like to add one more thing to what italianfx said.

Usually you shouldnt risk more than 2-3 % of your account is first of all just a thumbrule it depends totally on your mentality if you are willing to risk up to 5%. But you have to be able to deal with bigger drawdowns!

Now what is also a very important factor in this is simply the accuracy of the system and seriously when linuxtroll has a 99% accuracy i dont think he would mind risking 10% of his account on a trade.
  • #722
  • Aug 28, 2007 6:00pm Aug 28, 2007 6:00pm
Quoting FXSurfer
Hi Bruno,
Can you tell me which toothpaste and shampoo you
are using? Your appearance has really improved almost
overnight! :

It's a side effect of trading rainbow.
  • #723
  • Aug 28, 2007 8:02pm Aug 28, 2007 8:02pm
Quoting italianfx
Hi Kharvell, if you feel more confortable with 1 min it's ok but more pips doesn't mean more money. It depends on how much your pip worth.
if for example you use 15 pips stop and you make 30 pips gain is the same if you use 5 pips stop and make 10 pips gain.
this is why I prefer to scalp 5 sec, little stop and many more opportunity during the day, but I must be much faster in entering and exiting.
In this forum I see a lot of people speaking about pips, everyone try to make as many pips as possible and I used to do the same when I started trading, but now I prefer to think in term of % of total account and focus on consistency, it helps me to be not too greedy. when I started trading 10 pips it was not enough and I wanted always more, but if 10 pips is = 5% of my account it seems anough for the day :-)

anyway you are doing very well
Oh italianfx,

This is a speech I have heard many a time in my 2 years of trading. Hopefully some newbie will read it and take notice, but it is advice already enscribed in my trading bible.

When I say more pips, I mean this all pips being equal. I will still use the same risk(10 pips, same pip values), at a 1-minute chart. With this being said, more pips does equal more money. The moves on the 1-min charts are greater, and I earn more pips. I do like getting in and out using 5-second chart, and haven't discounted the idea by any standard; just experimenting. I believe Linuxtroll intended this method for all timeframes when he first started anyway.

The bottom line, THANK YOU LINUXTROLL FOR MY 20% ACCOUNT INCREASE IN THE LAST 3 DAYS(sunday-today) I will buy you a couch or something very soooooon.......
  • #724
  • Aug 28, 2007 8:36pm Aug 28, 2007 8:36pm
Nice and easy 30 pips
Attached Image
  • #725
  • Aug 28, 2007 8:46pm Aug 28, 2007 8:46pm
I see a good possible short set-up for EUR/CHF due to contracting MA's, a recent downward sloping spine. This is only true if the spine once again becomes resistance.


EDIT: BROKEN SPINE= NEVER MIND
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_41.png Size: 53 KB
  • #726
  • Aug 28, 2007 9:56pm Aug 28, 2007 9:56pm
Quoting kharvell
I see a good possible short set-up for EUR/CHF due to contracting MA's, a recent downward sloping spine. This is only true if the spine once again becomes resistance.


EDIT: BROKEN SPINE= NEVER MIND
Live Rainbow! Thanks K!
  • #727
  • Aug 28, 2007 10:58pm Aug 28, 2007 10:58pm
Quoting FXSurfer
Live Rainbow! Thanks K!
Haha, thanks.... I tried, but it turned into a no no...

This one however...... I've locked in 20 pips, and am now sitting on 40. I want to see if I can squeeze a little more
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_42.png Size: 46 KB
  • #728
  • Aug 28, 2007 11:20pm Aug 28, 2007 11:20pm
Exited for +58. Let some slip, but you have to take risks. My account enjoys the pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_43.png Size: 51 KB
  • #729
  • Aug 29, 2007 1:34am Aug 29, 2007 1:34am
nice chart Kharvell.hope to see more beautiful chart in your rainbow journal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 205 KB
Click to Enlarge Name: EJ.jpg Size: 211 KB
  • #730
  • Aug 29, 2007 2:12am Aug 29, 2007 2:12am
Wonderfull system.... thank's a lot for sharing this Rainbow system, it's very cool

some body can tell me how to attach chart here?
...just focus and wait for the right time...
  • #731
  • Aug 29, 2007 3:08am Aug 29, 2007 3:08am
Quoting pipssniper
Wonderfull system.... thank's a lot for sharing this Rainbow system, it's very cool

some body can tell me how to attach chart here?
Attach button is just beside the Emotion's button.click and select the file u want to attach.or else u can upload image on imageshack and paste the link in your post
  • #732
  • Aug 29, 2007 6:51am Aug 29, 2007 6:51am
mh sweet i just entered a shorty on EJ it moves 9 pips into the + and then suddendly it spikes to 89+ in one tick!
  • #733
  • Aug 29, 2007 6:52am Aug 29, 2007 6:52am
Did you close it in +89 ? It was fast.
  • #734
  • Aug 29, 2007 7:10am Aug 29, 2007 7:10am
Quoting Venca
Did you close it in +89 ? It was fast.
I think that's why his name is CanYouSeeMe...
  • #735
  • Aug 29, 2007 7:18am Aug 29, 2007 7:18am
did anyone saw that spike on any other platform/broker or it was because of oanda?
  • #736
  • Aug 29, 2007 7:18am Aug 29, 2007 7:18am
Quoting amenlo9
Attach button is just beside the Emotion's button.click and select the file u want to attach.or else u can upload image on imageshack and paste the link in your post
i still can't attach my chart, a pop-up window was blocked... do you know how to fix it?

thank's...
...just focus and wait for the right time...
  • #737
  • Aug 29, 2007 7:31am Aug 29, 2007 7:31am
yep i closed it instantly spiked back in 3 sec


btw @ pips just allow popups from this website (u can do that under options for the blocker)
  • #738
  • Aug 29, 2007 7:34am Aug 29, 2007 7:34am
Quoting bisar_x
did anyone saw that spike on any other platform/broker or it was because of oanda?

I looked on other demo platforms, and there's no spike. Did anyone see a spike on a real live platform e.g. EFX?

If that was real I'd be concerned (89 pips in 10 seconds!), getting caught on the wrong side of a move like that could wipe your account. There was no news announcements either.

But I think that was just oanda? which makes me wonder why did that happen?
  • #739
  • Aug 29, 2007 7:38am Aug 29, 2007 7:38am
25 pips

http://img408.imageshack.us/img408/5240/chart2ky3.png
...just focus and wait for the right time...
  • #740
  • Aug 29, 2007 7:38am Aug 29, 2007 7:38am
Not real on live accounts
1 trader viewing now