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Linuxtroll Simple Scalping

  • #1,061
  • Sep 6, 2007 5:10pm Sep 6, 2007 5:10pm
Quoting linuxtroll
Keep it Simple... You are talking about high-frequency scalping or bracket trading... Trading Rainbow is high probability low-frequency scalping... Market order for entry and exit works very well for me... (even for high-frequency scalping - market would have moved even before you set your limit order - You need a SuperDOM ladder - where you can manage several trades with your rules - which is not available for ForEx yet - I do not know why NinjaTrader or TradeMaven is not available to trade ForEx using ECNs)
LT,
Bruno says he's using NinjaTrader and EFX (an ECN) to trade but above you say NJ isn't available to trade ForEx.
I've been looking to get NinjaTrader to trade with but have heard others say the same as you.

Bruno, is it still working fine?
  • #1,062
  • Sep 6, 2007 5:15pm Sep 6, 2007 5:15pm
Quoting RickJames300
so, any advantage in using some of the variable ma's available?
would these expose more opportunities during the times when
LWMAs are not in an explicit "rainbow"?

I wa checking out jurik's ma's recently:
http://www.jurikres.com/catalog/ms_ama.htm
didn't know if this would help or hinder the
spine/bubble/foldover analysis or not...
WMAs are fine... I tried everything... including Hull's Moving Average too...
I even tested Rainbow with RSX and Woodies CCI too... Rainbow beat all of them hands down... LoL
  • #1,063
  • Sep 6, 2007 5:23pm Sep 6, 2007 5:23pm
Quoting Poocher
LT,
Bruno says he's using NinjaTrader and EFX (an ECN) to trade but above you say NJ isn't available to trade ForEx.
I've been looking to get NinjaTrader to trade with but have heard others say the same as you.

Bruno, is it still working fine?
If NinjaTrader is available to trade through ECN; that would be ideal for Rainbow scalpers... We can use SuperDOM to manage our trades... More Money...

Hope X-trader, NijaTrader or TradeMaven will be available to Scalp ForEx in the future...
  • #1,064
  • Sep 6, 2007 5:47pm Sep 6, 2007 5:47pm
Quoting linuxtroll
If NinjaTrader is available to trade through ECN; that would be ideal for Rainbow scalpers... We can use SuperDOM to manage our trades... More Money...

Hope X-trader, NijaTrader or TradeMaven will be available to Scalp ForEx in the future...
It says on their site that it works with MB....

http://www.ninjatrader.com/webnew/tr...okers_data.htm

Am I understanding that right?
  • #1,065
  • Sep 6, 2007 5:54pm Sep 6, 2007 5:54pm
Watchn football drinking beer and making pips does it get any better then this!!!!!
creating wealth one pip at a time.....
  • #1,066
  • Sep 6, 2007 7:10pm Sep 6, 2007 7:10pm
Has anyone noticed this with the spine?(see charts)

It seems like every time it does this, there is a big move.

Linuxtroll, is this right or am I making things up?

Edit: Forgot to add - whats significant is the spine has started to turn down but the price has not yet taken off
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spine example 1(before).png Size: 46 KB
Click to Enlarge Name: spine example 1 (after).png Size: 46 KB
  • #1,067
  • Sep 6, 2007 7:37pm Sep 6, 2007 7:37pm
I've seen this several times too nhallmark...pk
  • #1,068
  • Sep 6, 2007 8:00pm Sep 6, 2007 8:00pm
Quoting pkchilly
I've seen this several times too nhallmark...pk
Do you think its a good setup? I can't seem to think of a time it hasn't worked, yet Im always hesitant to take a trade on this...lol

Hopefully, LT will tell us his experience with it.
  • #1,069
  • Sep 6, 2007 8:03pm Sep 6, 2007 8:03pm
Nhalmark,

I have Oanda. What are those three lights up in the left hand corner of your platform?
  • #1,070
  • Sep 6, 2007 8:08pm Sep 6, 2007 8:08pm
Quoting linuxtroll
WMAs are fine... I tried everything... including Hull's Moving Average too...
I even tested Rainbow with RSX and Woodies CCI too... Rainbow beat all of them hands down... LoL
its probably a bit tough to get a proprietary indicator
into Oanda anyhow...
thanks for the reply...i've been following the rainbow
since the kolachi posts...good stuff
  • #1,071
  • Sep 6, 2007 8:09pm Sep 6, 2007 8:09pm
Quoting fxstman
Nhalmark,

I have Oanda. What are those three lights up in the left hand corner of your platform?
lol...Im using a Mac...the red is "close window", yellow "minimize", etc.
  • #1,072
  • Sep 6, 2007 8:12pm Sep 6, 2007 8:12pm
wow, I feel duhhhhh! lol...
  • #1,073
  • Sep 6, 2007 8:25pm Sep 6, 2007 8:25pm
Quoting fxstman
wow, I feel duhhhhh! lol...
no worries...it took me forever to get used to it when I switched from pc a few years ago.

Edit: looks like kharvell is a mac user also
  • #1,074
  • Sep 6, 2007 9:45pm Sep 6, 2007 9:45pm
Quoting nhallmark
no worries...it took me forever to get used to it when I switched from pc a few years ago.

Edit: looks like kharvell is a mac user also
Indeed Macs suck for trading, but you gotta love 'em anyway
  • #1,075
  • Sep 6, 2007 9:49pm Sep 6, 2007 9:49pm
Quoting kharvell
Indeed Macs suck for trading, but you gotta love 'em anyway
yeah, I had to break down and get parallels...making money is more important, lol.
  • #1,076
  • Sep 6, 2007 10:53pm Sep 6, 2007 10:53pm
Quoting nhallmark
Do you think its a good setup? I can't seem to think of a time it hasn't worked, yet Im always hesitant to take a trade on this...lol

Hopefully, LT will tell us his experience with it.

nhallmarl, look more carefully into your chart.

What's also happenning at the 157.85 level?

Answer: Support is being broken (Look from 17:45 to 17:55). Target 157.75

Henry
  • #1,077
  • Sep 6, 2007 10:55pm Sep 6, 2007 10:55pm
Quoting Poocher
LT,
Bruno says he's using NinjaTrader and EFX (an ECN) to trade but above you say NJ isn't available to trade ForEx.
I've been looking to get NinjaTrader to trade with but have heard others say the same as you.

Bruno, is it still working fine?
Dan over at Amp Futures gives a Forex demo in Ninja Trader, and he is very patient with helping you getting it set up. I would personally prefer to get set up in currency futures, however.
  • #1,078
  • Sep 6, 2007 10:59pm Sep 6, 2007 10:59pm
Quoting Venca
Does anybody have some advice how to exit in right time and price please ???
Yep. I have my profit target defined before I even enter the trade. I set it up for anywhere from 2 -- 4 ticks.

How can anyone make money on only 2 -- 4 ticks? Enter a high probability setup, and trade multiple contracts. 10 contracts (or lots, as the spot guys trade) would mean 400 on a 4 pip trade. NB, especially if you are cherry-picking your trades and only go for one or two a session.
  • #1,079
  • Sep 6, 2007 11:00pm Sep 6, 2007 11:00pm
Quoting hensch
nhallmarl, look more carefully into your chart.

What's also happenning at the 157.85 level?

Answer: Support is being broken (Look from 17:45 to 17:55). Target 157.75

Henry
Are you talking about the area that was resistance on the way up?

Thanks for pointing that out...I actually didn't even notice it.
  • #1,080
  • Sep 6, 2007 11:06pm Sep 6, 2007 11:06pm
Quoting nhallmark
Are you talking about the area that was resistance on the way up?

Thanks for pointing that out...I actually didn't even notice it.
Exactly.
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