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Linuxtroll Simple Scalping

  • #1,141
  • Sep 8, 2007 11:37am Sep 8, 2007 11:37am
Quoting FXSurfer
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!
Tioman, yes very nice place to visit. especially NOW. until February ...

Quoting nhallmark
MHO, 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
Ahh, so there is others dream about rainbow & linuxtroll as well ...
The time shall come when we start getting that amount in our trade soon enough.
  • #1,142
  • Sep 8, 2007 12:17pm Sep 8, 2007 12:17pm
Quoting backinblack
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.
Anybody can win. Losers can win, but what makes a winner is the person that learns how to lose.
  • #1,143
  • Sep 8, 2007 12:19pm Sep 8, 2007 12:19pm
Quoting Stan
Anybody can win. Losers can win, but what makes a winner is the person that learns how to lose.
Is there an echo in here? LOL
  • #1,144
  • Sep 8, 2007 1:00pm Sep 8, 2007 1:00pm
Quoting eyecelll
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
Depends on the market activity... You can always find minimum 1 high-probability scalp...
  • #1,145
  • Sep 8, 2007 1:05pm Sep 8, 2007 1:05pm
My new favorite rainbow color is all white on black.
The contrast is clear on charts...and maybe
also on tiny avatars.

How the weekend going, LT?
  • #1,146
  • Sep 8, 2007 1:40pm Sep 8, 2007 1:40pm
Quoting linuxtroll
Depends on the market activity... You can always find minimum 1 high-probability scalp...
Love the new avatar...very fitting lol
  • #1,147
  • Sep 8, 2007 4:52pm Sep 8, 2007 4:52pm
Linuxtroll, when you enter, is it always on a break of a round number, regardless of other things like spine crossing H/V lines, spine crosses, etc.?

For, example, if the price just crossed the spine and the new spine crosses, let's say the 156.20 line and price is at 156.12-13, do you wait until it breaks 156.10 to sell?

Or would you even enter based on that scenario?
  • #1,148
  • Sep 8, 2007 5:18pm Sep 8, 2007 5:18pm
What I have been reading here is fascinating, and apparently profitable. However, there are too many posts for me to read all of them. Can someone direct me to the "Rainbow Indicator Linuxtroll Simple Scalping Method for the Complete Idiot" page, post, or web site, so I can get in on the action? Looks like fun!!!!
  • #1,149
  • Sep 8, 2007 5:33pm Sep 8, 2007 5:33pm
Quoting sleepdoc
What I have been reading here is fascinating, and apparently profitable. However, there are too many posts for me to read all of them. Can someone direct me to the "Rainbow Indicator Linuxtroll Simple Scalping Method for the Complete Idiot" page, post, or web site, so I can get in on the action? Looks like fun!!!!
This is it..lol. Plot 10-240(interval 10) WMAs on an oanda 5sec chart and start watching it....find your own way to enter and exit. And you gotta be willing to read all the posts.

That's what this is all about...putting in screen time..lol
  • #1,150
  • Sep 8, 2007 5:38pm Sep 8, 2007 5:38pm
Quoting sleepdoc
What I have been reading here is fascinating, and apparently profitable. However, there are too many posts for me to read all of them. Can someone direct me to the "Rainbow Indicator Linuxtroll Simple Scalping Method for the Complete Idiot" page, post, or web site, so I can get in on the action? Looks like fun!!!!
Seriously........

Let me get the silver platter and I'll have that right up
  • #1,151
  • Sep 8, 2007 5:41pm Sep 8, 2007 5:41pm
Quoting kharvell
Seriously........

Let me get the silver platter and I'll have that right up


Edit: I saw someone's sig the other day that was something like "Most people miss the call of opportunity because it's dressed in overalls and looks like work". Anyone know who that was?

Seriously, though...not to be an ass, sleepdoc, but if it was that easy, we'd all be billionares by now...lol
  • #1,152
  • Sep 8, 2007 6:06pm Sep 8, 2007 6:06pm
Quoting nhallmark


Edit: I saw someone's sig the other day that was something like "Most people miss the call of opportunity because it's dressed in overalls and looks like work". Anyone know who that was?

Seriously, though...not to be an ass, sleepdoc, but if it was that easy, we'd all be billionares by now...lol
No offense taken. Because I actually wrote that with tongue in cheek, as I was thinking "there has got to be a catch". (I blew up an account a while back thinking I could scalp!!)

But, it doesn't hurt to ask, because sometimes the stoooooopid question gets the smart answer!!
  • #1,153
  • Sep 8, 2007 8:57pm Sep 8, 2007 8:57pm
Quoting nhallmark
Linuxtroll, when you enter, is it always on a break of a round number, regardless of other things like spine crossing H/V lines, spine crosses, etc.?

For, example, if the price just crossed the spine and the new spine crosses, let's say the 156.20 line and price is at 156.12-13, do you wait until it breaks 156.10 to sell?

Or would you even enter based on that scenario?
As I am trading Rainbow for several years - I enter based on patterns... Your scenario is a very conservative entry (nothing wrong with that)... Aggressive scalpers must follow the wave movement...
  • #1,154
  • Sep 8, 2007 9:03pm Sep 8, 2007 9:03pm
Quoting sleepdoc
No offense taken. Because I actually wrote that with tongue in cheek, as I was thinking "there has got to be a catch". (I blew up an account a while back thinking I could scalp!!)

But, it doesn't hurt to ask, because sometimes the stoooooopid question gets the smart answer!!
Yes... Think that you have deposited that blew up money in the ForEx bank... wait for my e-book and scalp carefully -- you will take that money out from the ForEx bank and much more in no time... There is a catch - mastering the Cyrox Rainbow - using Linuxtroll Simple Scalping methodology... LoL
  • #1,155
  • Sep 8, 2007 9:08pm Sep 8, 2007 9:08pm
Quoting nhallmark
Love the new avatar...very fitting lol
That's a real 240 pips move... LoL
  • #1,156
  • Sep 8, 2007 9:15pm Sep 8, 2007 9:15pm
Quoting linuxtroll
As I am trading Rainbow for several years - I enter based on patterns... Your scenario is a very conservative entry (nothing wrong with that)... Aggressive scalpers must follow the wave movement...
OK, thanks...I'll start looking for these patterns you speak of also...lol
  • #1,157
  • Sep 8, 2007 9:16pm Sep 8, 2007 9:16pm
Quoting linuxtroll
That's a real 240 pips move... LoL
Yeah, I remember the night it happened..I think. Isn't it the same picture on your website?
  • #1,158
  • Sep 8, 2007 9:39pm Sep 8, 2007 9:39pm
Hi Linuxtroll, I just love your new avatar.
Most effective.
  • #1,159
  • Sep 8, 2007 11:04pm Sep 8, 2007 11:04pm
I have been reading though this thread with interest but I am a little confused by the practice of waiting 'for the spread to be zero' on ECN style brokers. Correct me if I am wrong, but I was under the impression that one does not pay the transaction cost as an ask/bid spread with an ECN but as commissions, so isn't the spread irrelevant? is it not more a matter of getting filled at the price you want?
The breaking of a wave cannot explain the whole sea.
  • #1,160
  • Sep 8, 2007 11:13pm Sep 8, 2007 11:13pm
Quoting Craig
I have been reading though this thread with interest but I am a little confused by the practice of waiting 'for the spread to be zero' on ECN style brokers. Correct me if I am wrong, but I was under the impression that one does not pay the transaction cost as an ask/bid spread with an ECN but as commissions, so isn't the spread irrelevant? is it not more a matter of getting filled at the price you want?
No man...lol For example, lets say you are using MB/EFX and you buy AUD/JPY...the commission on that pair is roughly one pip(round turn).

So, say you buy at 94.21 with a zero pip spread, now it moves to 94.23. That means you're 1 pip in profit because the first pip covers the commission.

Then you close the trade at, let's say 94.25(also with a zero pip spread)...you got 3 pips profit.

If you did the same thing with a 2 pip spread, The price would be 94.20/22 when you got in, meaning you bought at 22, then when you close, the price is 94.24/26, meaning you sold at 24.

That gives you a one pip profit on the same trade(again, you got two, but one pip covers commission)

Hope that makes sense,
Nathan
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