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Linuxtroll Simple Scalping

  • #1,001
  • Sep 5, 2007 7:58pm Sep 5, 2007 7:58pm
haha, this thread is growing faster than i can read it, i'm still on the 33rd page it's my second day eyeballing the screen and i feel i'm improving hehe

linuxtroll, have you ever thought what's gonna happen when thousands of new scalpers start trading your rainbow with big lots, will it become more difficult to trade?
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #1,002
  • Sep 5, 2007 8:08pm Sep 5, 2007 8:08pm
Quoting Carllos
i might be doing something wrong..

Where is the spine in this picture?
S=Spine... Some places you can see double spines, especially at the end of this chart... I marked the possible entry/exit based on spine cutting the h-line in purple...
Attached Image (click to enlarge)
Click to Enlarge Name: spine.JPG Size: 94 KB
  • #1,003
  • Sep 5, 2007 8:22pm Sep 5, 2007 8:22pm
Quoting g-dogg
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
You do not need anything more than 1min... Never 15min or 30 min... LoL

Look for High probability Patterns... during Market active time... for example: 5 sec and 30 sec to show the move yesterday near midnight...
Attached Images
  • #1,004
  • Sep 5, 2007 8:26pm Sep 5, 2007 8:26pm
Quoting eyecelll
haha, this thread is growing faster than i can read it, i'm still on the 33rd page it's my second day eyeballing the screen and i feel i'm improving hehe

linuxtroll, have you ever thought what's gonna happen when thousands of new scalpers start trading your rainbow with big lots, will it become more difficult to trade?
I do not think so... Trillion dollars not enough for everyone? One day Rainbow scalpers will move the market... LoL
  • #1,005
  • Sep 5, 2007 8:50pm Sep 5, 2007 8:50pm
awesome system , started traiding on it Sunday, read the whole trheat onsat afternoon , just lovit , now , im using the 5 sec to trade and the 1 min to follow the trend ,and s/r lines , and i believe is working ,need more practice thoutgh, but still dont know about the h& v lines , how does it works ???btw how do i post a chart ?????thanxs again LT
  • #1,006
  • Sep 5, 2007 8:52pm Sep 5, 2007 8:52pm
Quoting MasterBlaster
darknight,

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.
MasterBlaster, cheers mate!
  • #1,007
  • Sep 5, 2007 9:12pm Sep 5, 2007 9:12pm
Quoting linuxtroll
S=Spine... Some places you can see double spines, especially at the end of this chart... I marked the possible entry/exit based on spine cutting the h-line in purple...
Thanks for my new wallpaper, LT.
May it sink into my brain!
  • #1,008
  • Sep 5, 2007 9:20pm Sep 5, 2007 9:20pm
Any feedback on this chart, linuxtroll?

Are entries like this high probability?(obviously I could have got more out of this but Im being conservative)
Attached Image (click to enlarge)
Click to Enlarge Name: scalp1 9-5-07.png Size: 50 KB
  • #1,009
  • Sep 5, 2007 10:26pm Sep 5, 2007 10:26pm
Quoting nhallmark
Any feedback on this chart, linuxtroll?

Are entries like this high probability?(obviously I could have got more out of this but Im being conservative)
Way to go... Charge on... With some practice and screen time stay until 157.40 and take another buy at 157.40 too... LoL
  • #1,010
  • Sep 5, 2007 11:00pm Sep 5, 2007 11:00pm
Are you referring to the grid lines or S/R lines?
  • #1,011
  • Sep 5, 2007 11:52pm Sep 5, 2007 11:52pm
Quoting linuxtroll
S=Spine... Some places you can see double spines, especially at the end of this chart... I marked the possible entry/exit based on spine cutting the h-line in purple...

Hi LT,

I greatly appreciate the pic you shown, I think it is very helpful to put up pic with entry and exit point.

Therefore, please please put up more example using chart. Thanks.
  • #1,012
  • Sep 6, 2007 12:55am Sep 6, 2007 12:55am
Kind of interesting. I usually think of breakout enties
being more aggressive than pullback entries. What seems
to be the case here, maybe just from my POV, is the
opposite. PB entries are turning out to be a bit less
certain and take longer to turn around, increasing exposure.
Any thoughts?
  • #1,013
  • Sep 6, 2007 1:12am Sep 6, 2007 1:12am
Anyone's With WMA 24 - 144?

looks like everyone is trading with 10 - 240 EMA
  • #1,014
  • Sep 6, 2007 1:18am Sep 6, 2007 1:18am
Quoting hanz
Anyone's With WMA 24 - 144?

looks like everyone is trading with 10 - 240 EMA
Im using the 10-240 WMA because that's what LT posted at the start of this thread. He also said that 240 is conservative and the 144 is aggressive and Im playing it safe until Im more experienced so Im sticking with the 240 WMA
  • #1,015
  • Sep 6, 2007 1:20am Sep 6, 2007 1:20am
Quoting FXSurfer
Kind of interesting. I usually think of breakout enties
being more aggressive than pullback entries. What seems
to be the case here, maybe just from my POV, is the
opposite. PB entries are turning out to be a bit less
certain and take longer to turn around, increasing exposure.
Any thoughts?
Really? I usually try everything EXCEPT pullback entries...don't know why. I just don't feel comfortable with them...what do I know though..
  • #1,016
  • Sep 6, 2007 1:25am Sep 6, 2007 1:25am
It has actually sunk into my pea-brain two things:

  1. Zooming out to maximum on chart (~10 hours) gets the full wave effect? -- this is what you recommend ?
  2. Another purpose of the spine is to observe trend direction?

(Sorry if these questions are too obvious, LT)

  • #1,017
  • Sep 6, 2007 1:41am Sep 6, 2007 1:41am
Quoting FXSurfer
Watch for the penguins here:
http://video.google.com/videoplay?do...69854385043133

Dude ... you are even sicker than I had hoped!
  • #1,018
  • Sep 6, 2007 1:47am Sep 6, 2007 1:47am
Quoting FXSurfer
I wonder what a good rainbow set-up and TF would be for
corn and soybean futures, KD? I lent those two some money
several years ago and I think that I might pay them a visit
later on. When I introduce them to rainbow I'll yell:
"Say hello to my little friend!"

Pretty funny. Give my regards to Tony Montana.

BTW--I don't have the courage for commodities just yet. Let me know how it works out for you.
  • #1,019
  • Sep 6, 2007 1:55am Sep 6, 2007 1:55am
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
Just don't let those penguins get near Bruno's colgate lol
  • #1,020
  • Sep 6, 2007 2:14am Sep 6, 2007 2:14am
Need more practice.
Attached Image (click to enlarge)
Click to Enlarge Name: 09_06_2007_2.JPG Size: 206 KB
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