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Linuxtroll Simple Scalping

  • #1,121
  • Sep 7, 2007 2:41pm Sep 7, 2007 2:41pm
bobblong, Im not trying to catch big moves...what I was saying is that I haven't found something that works consistently when we are not in a big move.

On each of those trades, I would be happy with 2 pips, or whatever...yeah, it dropped over 100 pips but if I can get 10, Im good for the day.

Edit: Thanks for your MM rules...that helps a lot.
  • #1,122
  • Sep 7, 2007 2:45pm Sep 7, 2007 2:45pm
Quoting nhallmark
bobblong, Im not trying to catch big moves...

My bad. You're welcome.
  • #1,123
  • Sep 7, 2007 4:30pm Sep 7, 2007 4:30pm
Quoting bobblong
My bad. You're welcome.
We're cool...just don't eat any swans lol.
  • #1,124
  • Sep 7, 2007 4:38pm Sep 7, 2007 4:38pm
Quoting Andy12
To understand how to be proftable in the long run, you have to trade very long time. By the way, I did not trade today (was busy with something else).
LT may be disagree with me on this one, but I belive market moves changes periodicaly and what works today is not nesseserely will work in the next month.
You charts, looks like is one of the best contributions to this thread so far, at least I think so.
I try to trade on demo like you and see what I will end up in the long run. The only trouble is you have to have really long time and many trades to understand if it works or not in the long run.
It will work in any market condition... that's why we are staying in the 5 sec and we will always know first when the price moves... remember the screen time you must put to identify the moves... Rainbow Scalping is not like other systems...
  • #1,125
  • Sep 7, 2007 4:41pm Sep 7, 2007 4:41pm
Quoting Syafi
I think LinuxTroll Cyrox Rainbow is several years old ... it still work.
Absolutely... 5 sec is the key...
  • #1,126
  • Sep 7, 2007 5:25pm Sep 7, 2007 5:25pm
Quoting jjrvat
NP.

I use Sierra only for Charts, I trade directly from the DOM in OEC so I cant see my trades on the chart. The blue lines were drawn "ex post"....

jjrvat

Attachment
do you know any broker that gives free sierra
  • #1,127
  • Sep 7, 2007 11:34pm Sep 7, 2007 11:34pm
I see on Kolachi that you play guitar too, LT.
It's my favorite pastime while on the screen and
things are slow. Also helps when I have a trade
on and need to keep my finger off of the kill switch! LOL
  • #1,128
  • Sep 7, 2007 11:42pm Sep 7, 2007 11:42pm
Quoting FXSurfer
I see on Kolachi that you play guitar too, LT.
It's my favorite pastime while on the screen and
things are slow. Also helps when I have a trade
on and need to keep my finger off of the kill switch! LOL
Wow...I've been doing the same thing lately. It helps to keep me calm.
  • #1,129
  • Sep 7, 2007 11:43pm Sep 7, 2007 11:43pm
Last night I had a dream ..... linuxTroll coaching on something that I dont remember what. but its against the majority that says that were hard thing to do.. but he do it in simple way....

mm maybe i think about rainbow too much..... . ...
  • #1,130
  • Sep 7, 2007 11:50pm Sep 7, 2007 11:50pm
Quoting Syafi
Last night I had a dream ..... linuxTroll coaching on something that I dont remember what. but its against the majority that says that were hard thing to do.. but he do it in simple way....

mm maybe i think about rainbow too much..... . ...
IMHO, thats a good sign...it's all about getting it at the subconscious level, I think.

I had a dream a few weeks ago that I was trading the rainbow and I took $2400 to $8900 in one session...needless to say, it didn't happen that way the next day
  • #1,131
  • Sep 7, 2007 11:56pm Sep 7, 2007 11:56pm
Quoting nhallmark
IMHO, thats a good sign...it's all about getting it at the subconscious level, I think.
Yes!

I had a dream a few weeks ago that I was trading the rainbow and I took $2400 to $8900 in one session...needless to say, it didn't happen that way the next day
Not YET. But soon, N.!
  • #1,132
  • Sep 8, 2007 12:01am Sep 8, 2007 12:01am
Quoting Venca
backinblack

Got it. Thanks. Can I ask when to "STOP DIGGING" if the trader is loosing? It is very difficult for me to stop trading. If I loose in any trade, I become greedy and want to make more money on the next trade. Which usually end up like disaster. Everybody says - no overtrading. What is your limit for the day? Number of trades - or limit of positive balance - or limit of negative balance? V.
Hi Venca,
Cutting losses is something I lack in discipline to do effectively. I make the tragic mistake of moving out my stops before they get hit. This works great sometimes, but it eventually catches up to me. To effectively exit, I just need experience, to be able to tell when a trade is irretrievable without the agony of watching it really crash for 15 ticks or so.

My limit for the day is 5 ticks. Then I'm done. If I can get 5 ticks a day consistently, then I know I can make piles of money.

On the other hand, 2 stop-outs means it's time to quit for the day. So, I trade until I either get 5 ticks positive, or 2 stop-outs. I'm not saying this is the best way or anything, it's just what I do, and I'm open to suggestions.
  • #1,133
  • Sep 8, 2007 12:05am Sep 8, 2007 12:05am
Quoting Venca
backinblack

If I loose in any trade, I become greedy and want to make more money on the next trade. Which usually end up like disaster.
Hey V,
There's a specific name for this. It's called: revenge trading. It's about the only bad habit I've been able to beat.
  • #1,134
  • Sep 8, 2007 12:05am Sep 8, 2007 12:05am
Quoting Syafi
Last night I had a dream
Sometimes I dream about a wonderful paradise that I visited
several years ago, Syafi.
Tioman Island!
Malaysia is wonderful. People, Food, Culture , Climate...ALL GREAT!
  • #1,135
  • Sep 8, 2007 12:05am Sep 8, 2007 12:05am
Quoting FXSurfer
Thanks man. btw, I set up a journal to document the different patterns Im noticing...

http://www.forexfactory.com/showthread.php?t=46026

Oh, and since I'm bored tonight, I was searching around and I found some old school linuxtroll...

http://www.forexfactory.com/showthread.php?t=11184

Gotta love it!
  • #1,136
  • Sep 8, 2007 12:19am Sep 8, 2007 12:19am
Quoting nhallmark
Thanks man. btw, I set up a journal to document the different patterns Im noticing...
Wow! Nice charts on the journal, N!
I'll definitely follow it.

BTW: Thanks for the plug. Really not worthy! Really.
  • #1,137
  • Sep 8, 2007 12:44am Sep 8, 2007 12:44am
Quoting FXSurfer
Wow! Nice charts on the journal, N!
I'll definitely follow it.

BTW: Thanks for the plug. Really not worthy! Really.
Lol....I posted it so we can get all the "resources" in one place
  • #1,138
  • Sep 8, 2007 1:40am Sep 8, 2007 1:40am
Quoting hanz
do you know any broker that gives free sierra
Hanz,

You can open a trial account in SierraCharts for free x a few weeks. The problem is you need a data feed in order to see live intraday charts....

I think if you open a Demo Account at InfinityBrokers (I dont trade with them, I use OEC) they will give u access to SierrraCharts but maybe any broker that works with Transact will do it for a limited period of time....

jjrvat
  • #1,139
  • Sep 8, 2007 7:09am Sep 8, 2007 7:09am
hey linuxtroll, thanks for answering all questions here

can you tell us how many high-probability low risk setups you usually see during 30 min of active trading?

thank you
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #1,140
  • Sep 8, 2007 7:43am Sep 8, 2007 7:43am
Thanks Linuxtroll for introducing me to a new way to trade.

I've just finished reading this thread and now I'll begin to demo it.

While you're all talking about software .... QuoteTrader (made by eSignal) connects into MB Trading's Navigator .... and it's free! I just need to find out which symbols eSignal uses for MBT's gj, ej, and gu.

Adam
WARNING: Don't follow me as I'm just learning
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