Attachments: Linuxtroll Simple Scalping

Linuxtroll Simple Scalping

#941
Sep 4, 2007 5:36pm Sep 4, 2007 5:36pm

Leonlorenzo
Joined Aug 2007 | Status: Always trying... | 1,918 Posts

Quoting linuxtroll

Disliked

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".

Ignored

Hey, it was you who i found the quote from!

Living the adventure in my head.

#942
Sep 4, 2007 8:30pm Sep 4, 2007 8:30pm

aussieguy
| Joined Apr 2007 | Status: Trader | 4 Posts

Hi Linuxtroll,
Thanks for the technique. I am heeding the warnings on the length of time needed to experience this technique to understand its visual complexity(or should I say simplicity !!)
Many Thanks for your insights. I have enjoyed this thread very much.

You can smack me with your 1 wood if you think this is not an appropriate question here !! Have you or anyone ever applied this to the Futures markets also ?
Just curious...

Thanks again !

John

#943
Sep 4, 2007 9:55pm Sep 4, 2007 9:55pm

Neznaika
| Joined Nov 2005 | Status: Trader | 158 Posts

Quoting Leonlorenzo

Disliked

Hey, it was you who i found the quote from!

Ignored

It's an omen....destiny, man.

#944
Sep 4, 2007 10:21pm Sep 4, 2007 10:21pm

linuxtroll
| Commercial User | Joined Mar 2004 | 1,255 Posts

Quoting aussieguy

Disliked

Hi Linuxtroll,
Thanks for the technique. I am heeding the warnings on the length of time needed to experience this technique to understand its visual complexity(or should I say simplicity !!)
Many Thanks for your insights. I have enjoyed this thread very much.

You can smack me with your 1 wood if you think this is not an appropriate question here !! Have you or anyone ever applied this to the Futures markets also ?
Just curious...

Thanks again !

John

Ignored

Let's use my 4.5 degree long drive driver... Yes... Many e-mailed me to thanks for the Rainbow... One futures trader hit the million mark Oct last year... and many success stories and invitations... LoL

It will work in any market... Charge on...

#945
Sep 4, 2007 10:34pm Sep 4, 2007 10:34pm

libertao
| Joined Dec 2006 | Status: Trader | 106 Posts

When you suggest that beginners can also use the CCI at first, do you mean by looking for patterns such as zlr's and ghosts or do you simply mean looking for it to hit a certain level i.e. showing very fast momentum. I've seen how a CCI, say, 14-period often looks similar to the separation between a 14-ema and price (1-ema). Thus I assume a CCI is similar to representing the spreading of the rainbow fan.

Thanks!

#946
Sep 4, 2007 10:45pm Sep 4, 2007 10:45pm

linuxtroll
| Commercial User | Joined Mar 2004 | 1,255 Posts

Quoting libertao

Disliked

When you suggest that beginners can also use the CCI at first, do you mean by looking for patterns such as zlr's and ghosts or do you simply mean looking for it to hit a certain level i.e. showing very fast momentum. I've seen how a CCI, say, 14-period often looks similar to the separation between a 14-ema and price (1-ema). Thus I assume a CCI is similar to representing the spreading of the rainbow fan.

Thanks!

Ignored

For those who are used to the other indicators; I suggested CCI or Williams %R... You do not need CCI... 5 sec Rainbow is way much faster and accurate than CCI...

#947
Sep 4, 2007 10:51pm Sep 4, 2007 10:51pm

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

Quoting linuxtroll

Disliked

For those who are used to the other indicators; I suggested CCI or Williams %R... You do not need CCI... 5 sec Rainbow is way much faster and accurate than CCI...

Ignored

The greatest indicator on the 5 second is 20/20 vision, once I can accomplish enough screen time, then the pips will come much easier.

Thanks for all the info you have posted, I am trying to put the rainbow in front of me over 6 hours a day just to watch and learn.

#948
Sep 4, 2007 10:53pm Sep 4, 2007 10:53pm

nhallmark
| Joined Jan 2007 | Status: Trader | 255 Posts

Quoting linuxtroll

Disliked

For those who are used to the other indicators; I suggested CCI or Williams %R... You do not need CCI... 5 sec Rainbow is way much faster and accurate than CCI...

Ignored

lol...those penguins aren't very troll-like

#949
Sep 4, 2007 10:55pm Sep 4, 2007 10:55pm

linuxtroll
| Commercial User | Joined Mar 2004 | 1,255 Posts

Quoting nhallmark

Disliked

lol...those penguins aren't very troll-like

Ignored

but Rainbow-like... LoL

#950
Sep 4, 2007 11:03pm Sep 4, 2007 11:03pm

nhallmark
| Joined Jan 2007 | Status: Trader | 255 Posts

Has anyone compared the rainbow on london and new york session?

Ive gone back and forth and it seems like, when I stay up for london the big moves happen as soon as I go to sleep and if I wake up for new york the moves happened during london..lol

Im in California, so it seems like the only solution is to stay up all night.

Just wondering if anyone with enough experience knows which time is more active on average(obviously every day is different)

#951
Sep 4, 2007 11:04pm Sep 4, 2007 11:04pm

nhallmark
| Joined Jan 2007 | Status: Trader | 255 Posts

Quoting linuxtroll

Disliked

but Rainbow like... LoL

Ignored

lol...I get it now.

#952
Sep 4, 2007 11:17pm Sep 4, 2007 11:17pm

linuxtroll
| Commercial User | Joined Mar 2004 | 1,255 Posts

Quoting nhallmark

Disliked

Has anyone compared the rainbow on london and new york session?

Ive gone back and forth and it seems like, when I stay up for london the big moves happen as soon as I go to sleep and if I wake up for new york the moves happened during london..lol

Im in California, so it seems like the only solution is to stay up all night.

Just wondering if anyone with enough experience knows which time is more active on average(obviously every day is different)

Ignored

Any session open and close... and after news...

#953
Sep 4, 2007 11:22pm Sep 4, 2007 11:22pm

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

Quoting nhallmark

Disliked

Has anyone compared the rainbow on london and new york session?

Ive gone back and forth and it seems like, when I stay up for london the big moves happen as soon as I go to sleep and if I wake up for new york the moves happened during london..lol

Im in California, so it seems like the only solution is to stay up all night.

Just wondering if anyone with enough experience knows which time is more active on average(obviously every day is different)

Ignored

I am in Cali also, I trade 8pm till 2am usually our time.

Lots of moves in this session with Asia, Frankfurt and London.

Should be enough pips for anyone watching the 5 second rainbow, just like the past hour, many opportunities, and you could be easily in bed about now with profits in the bank already.

NY is not my trading time, tried it a few times, but not real pleased with the American Sessions.

#954
Sep 4, 2007 11:35pm Sep 4, 2007 11:35pm

nhallmark
| Joined Jan 2007 | Status: Trader | 255 Posts

Quoting monarch

Disliked

I am in Cali also, I trade 8pm till 2am usually our time.

Lots of moves in this session with Asia, Frankfurt and London.

Should be enough pips for anyone watching the 5 second rainbow, just like the past hour, many opportunities, and you could be easily in bed about now with profits in the bank already.

NY is not my trading time, tried it a few times, but not real pleased with the American Sessions.

Ignored

OK, thanks...that confirms what I was thinking. Ive been trying to wake up at 4am for NY and it just doesnt seem worth it a lot of times.

2am isn't bad.

Also, thanks LT, I haven't even looked at the rainbow around news yet.

#955
Sep 4, 2007 11:48pm Sep 4, 2007 11:48pm

monarch
Joined Aug 2006 | Status: Trader | 3,126 Posts

So far Asia has produced a very nice move down on the Rainbow, and were sitting near the Median Range of Today's London and NY session at 157.63. (E/J)

I am waiting for a small rainbow retrace here before Frankfurt in 1 hour, then will see what holds for this new day.

Rainbow will reveal quickly what Frankfurt and London want to do.

NOTE: Now we had a small retrace from the Low, and now were seeing a nice consolidation here prior to Frankfurt and London Opens which makes for a nice setup on the 5-min. Rainbow - Breakout time coming. YEA!!!

#956
Sep 5, 2007 12:51am Sep 5, 2007 12:51am