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Linuxtroll Simple Scalping

  • #981
  • Sep 5, 2007 1:40pm Sep 5, 2007 1:40pm
Linuxtroll,
Just tabulated my results.
A brief rundown of my results.
Without going into a trade by trade account here is all that matters.
In the past 2.5 weeks, I have increased my account 38.4%.
Could have been substansialy more, but am being very conservetive.
One brick at a time. Singles is all I am expecting, and once in a while I'll get a double or a triple. Not even concerned with a home run.
Thanks again.
I don't always post, but I do watch this thread and trade with as much discipline as I have learned. Still more to learn.
Stan
  • #982
  • Sep 5, 2007 1:42pm Sep 5, 2007 1:42pm
Quoting FXSurfer
I just got spanked a little by trying to grab some news pips
from the Beige. Once I got over the greed that made me jump in
I reminded myself that I don't trade news, and got out with a small
few pip "loss" before a big move against my position.
Anyway, it feels pretty good to come to your senses and act right
when things get hot instead of freaking out!
Maybe the MANTRA and everything else is starting to get inside
of my head.
Following the 25 points of the mantra WILL give you great results.
Small losses is the key.
Keep on keepin' on.
Stan
  • #983
  • Sep 5, 2007 1:51pm Sep 5, 2007 1:51pm
Quoting Stan
In the past 2.5 weeks, I have increased my account 38.4%.
Could have been substansialy more, but am being very conservetive.
A conservative 800% annually?
Way to go Stan!

Also: Thanks for your encouragement.
  • #984
  • Sep 5, 2007 1:55pm Sep 5, 2007 1:55pm
Quoting Stan
Linuxtroll,
Just tabulated my results.
A brief rundown of my results.
Without going into a trade by trade account here is all that matters.
In the past 2.5 weeks, I have increased my account 38.4%.
Could have been substansialy more, but am being very conservetive.
One brick at a time. Singles is all I am expecting, and once in a while I'll get a double or a triple. Not even concerned with a home run.
Thanks again.
I don't always post, but I do watch this thread and trade with as much discipline as I have learned. Still more to learn.
Stan
Way to go Stan!! Definitely had to drop the crazy Bessie avatar. LOL
  • #985
  • Sep 5, 2007 2:19pm Sep 5, 2007 2:19pm
Quoting MasterBlaster
Way to go Stan!! Definitely had to drop the crazy Bessie avatar. LOL
The Mad cow is gone!
I am part of the rainbow family. Which by the way, there is a group out there called the Rainbow Family/tribe, a group of residual hippies that I have had the opportunity to aquiant myself with in the 70's, (best as I can remember anyway )
I think we are part of The Rainbow Family of 4x!
Stan
Seek first...
  • #986
  • Sep 5, 2007 2:23pm Sep 5, 2007 2:23pm
Quoting Syafi
http://www.google.com.my/search?q=wi...ient=firefox-a
Syafi thanks, the link helped. Where is my head why didn't I think of that.
  • #987
  • Sep 5, 2007 3:53pm Sep 5, 2007 3:53pm
Quoting linuxtroll
but Rainbow-like... LoL
Trollman...now it's even more complicated...
... which penguin should we watch... the green one ?
  • #988
  • Sep 5, 2007 4:01pm Sep 5, 2007 4:01pm
Quoting Neznaika
... which penguin should we watch...
Watch for the penguins here:
http://video.google.com/videoplay?do...69854385043133

  • #989
  • Sep 5, 2007 4:03pm Sep 5, 2007 4:03pm
Hi everyone....

I've been following this thread and learning how to cyrox rainbow scalping.... here's my demo scalping...

http://img505.imageshack.us/img505/3...st8pluszy6.jpg

Linuxtroll or senior rainbow family members, pls critique or advise regarding my bad entries....how or what should I look for to avoid these mistakes?

I hope I don't clog up this thread by putting up my demo trading screenshot.
  • #990
  • Sep 5, 2007 4:38pm Sep 5, 2007 4:38pm
darknight,

I am not a senior member and there are others who are more qualified to answer, but let me take a stab at it.

There are three things you need to do:

1. Pay attention to the spine of the Rainbow in relation to horizontal/vertical lines on your chart.
2. Pay attention to the Rainbow crashing in on itself -- indicative of a ranging period.
3. Spend more time watching the Rainbow in action. Some things only come with experience. Write down your trade and why you entered/exited -- you will learn a lot.

Hope this helps.

Cheers
  • #991
  • Sep 5, 2007 5:47pm Sep 5, 2007 5:47pm
Quoting Bruno
Today my first day with NinjaTrader, I like this platform and combination with EFX account works fine. I am just thinking about v-lines I do not understand what do you mean Trollmann with time lines? Is there some parameters if price is going nowhere in xxx second just close the trade?

Cheers
Bruno
That is one application of v-line - time based exit... v-line also help to monitor the session start/end and pick the ideal active time for trading...
  • #992
  • Sep 5, 2007 5:51pm Sep 5, 2007 5:51pm
Quoting ycomp
Sometimes I am not at the computer but relatively close by and it would be nice to know when the market is moving. I assume other people are in the situation also...

I was wondering if anyone would be interested in sending SMS to a group of us who sign up in some list for it, so that we would be SMS notified when the market is moving.

I am not sure how this works, I know there are plenty of sites that will let you send SMS to just about any country for free. But I am not sure of what there is out there that is more advanced that will let you send SMS to a group of people in different countries. Either free or paid. I assume there is something like that, as signal services can send SMS messages to subscribers.

So the idea is this:

Market Watchers send SMS to Market Listeners when Market is moving.

e.g. Yen crosses are moving
GBP is moving
CAD is moving
Everything is moving!

If SMS isn't the best idea, then some kind of instant messaging software then is also good.

This isn't intended to be a replacement for watching the screen at all, just as and added tool to notify when something happens when you're not in front of the screen.

If anyone thinks this is a good idea, anyone want to volunteer to actually implement it?
Give everyone an alert BlackBerry Perl... LoL
  • #993
  • Sep 5, 2007 5:56pm Sep 5, 2007 5:56pm
Quoting cesande
Of course the trade went, just whip saw made me stop it.

Any suggestions on my method, or again is this just "on of those trades"?

Thanks in advance
You are very late to enter... Also watch spine direction... If spine is almost horizontal -- only thing you can do is: aggressive scalping (you need a lot of screen time and practice)... As a guidance just draw S/R line and show me where would you enter... Also show me where would you enter during aggressive scalping (Use the same screen capture)...
  • #994
  • Sep 5, 2007 6:01pm Sep 5, 2007 6:01pm
Quoting wheelsut
Casande, I was having the same problem trading the same kind of chart. This is what I changed to help me out, it might help you: I will not trade this rainbow pattern because the spine never really developes (choppy and whipsaw). I wait until there is a fully developed spine, look at post number 1022 by kharvell look at your chart compared to his. I have found that waiting and picking the right rainbow pattern is making me more money and allowing me to trade less. The bottom line is since I am new, sticking to and waiting for a clear flow of the rainbow is what I am doing and it is working.
Way to go... Charge on...
  • #995
  • Sep 5, 2007 6:06pm Sep 5, 2007 6:06pm
Quoting Stan
Linuxtroll,
Just tabulated my results.
A brief rundown of my results.
Without going into a trade by trade account here is all that matters.
In the past 2.5 weeks, I have increased my account 38.4%.
Could have been substansialy more, but am being very conservetive.
One brick at a time. Singles is all I am expecting, and once in a while I'll get a double or a triple. Not even concerned with a home run.
Thanks again.
I don't always post, but I do watch this thread and trade with as much discipline as I have learned. Still more to learn.
Stan
Way to go... Do not change what is working for you... There may be some bad market condition - but get out and come back next day... Very hard to loose money when you properly use Linuxtroll Simple Scalping... One brick at a time... Charge on...
  • #996
  • Sep 5, 2007 6:07pm Sep 5, 2007 6:07pm
Quoting Stan
Following the 25 points of the mantra WILL give you great results.
Small losses is the key.
Keep on keepin' on.
Stan
and charge on... LoL
  • #997
  • Sep 5, 2007 6:09pm Sep 5, 2007 6:09pm
Quoting FXSurfer
A conservative 800% annually?
Way to go Stan!

Also: Thanks for your encouragement.
That's why Linuxtroll Simple Scalping is high-probability; low frequency scalping (with max possible lots when you have mastered the 5 sec Rainbow)...
  • #998
  • Sep 5, 2007 6:16pm Sep 5, 2007 6:16pm
Quoting Neznaika
Trollman...now it's even more complicated...
... which penguin should we watch... the green one ?
Red one to follow the price action and Purple to identify the spine... spine is a good guidance for new traders and conservative traders... easy to master...
Aggressive scalpers must have a lot of screen time and practice taking trades in both direction; identify big moves from 5 sec and ride the waves etc... Like golf swing and golfing... Now you all know short game and putting very important (that's why 5 sec chart)... LoL
  • #999
  • Sep 5, 2007 7:42pm Sep 5, 2007 7:42pm
Quoting linuxtroll
Red one to follow the price action and Purple to identify the spine... spine is a good guidance for new traders and conservative traders... easy to master...
Aggressive scalpers must have a lot of screen time and practice taking trades in both direction; identify big moves from 5 sec and ride the waves etc... Like golf swing and golfing... Now you all know short game and putting very important (that's why 5 sec chart)... LoL
i might be doing something wrong..

Where is the spine in this picture?
Attached Image (click to enlarge)
Click to Enlarge Name: spine.JPG Size: 89 KB
"Hoe ur pips mate?" fxcarllos
  • #1,000
  • Sep 5, 2007 7:46pm Sep 5, 2007 7:46pm
Quoting linuxtroll
That's why Linuxtroll Simple Scalping is high-probability; low frequency scalping (with max possible lots when you have mastered the 5 sec Rainbow)...
LT can you describe what you see as high-probability, for me its when im trading with the larger trend (15min or 30min trend), it would be greatly appreciated if you post a pic, i really really wanna get to that 99% accuracy lol!

Thanks
Egyptian and proud of it!
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