Linuxtroll Simple Scalping | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Simple Scalping System 64 replies

xPip Simple Scalping 27 replies

Attachments: Linuxtroll Simple Scalping
Exit Attachments

Linuxtroll Simple Scalping

  • #1,181
  • Sep 10, 2007 12:54am Sep 10, 2007 12:54am
You still have time to go back to the post with your account info and delete it.

I would recommend that for sure.
  • #1,182
  • Sep 10, 2007 12:54am Sep 10, 2007 12:54am
Quoting adam777
hi FXSurfer

like this? thnks

and when you press the buy button, is there an option so that you don't have to reconfirm your order ... i've been through the preferences & help menu

.... thand thanks for all the input .... i've been learning a lot from everyone on this thread.

adam
There is a Confirm Order Placement option on the same Pref page.
I haven't tried it yet.

Happy Scalping!
  • #1,183
  • Sep 10, 2007 12:56am Sep 10, 2007 12:56am
Quoting nhallmark
Hey man, Im not sure about your question but next time when you post a chart, you might want to blur out your account details.

Its too small to see in your screenshot, but its a good idea for safety reasons..lol
thanks
WARNING: Don't follow me as I'm just learning
  • #1,184
  • Sep 10, 2007 12:59am Sep 10, 2007 12:59am
Quoting adam777
thanks
NP...good luck with the rainbow
  • #1,185
  • Sep 10, 2007 1:06am Sep 10, 2007 1:06am
seems good thanks
  • #1,186
  • Sep 10, 2007 2:47am Sep 10, 2007 2:47am
you can also learn to play golf from LT

http://cyrox.net/

LoL
  • #1,187
  • Sep 10, 2007 2:55am Sep 10, 2007 2:55am
9:00 AM 10 AM Europe

19 min / 35 pips/ €700 / Done !!!

jjrvat
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: Scalping DAX 3.gif Size: 40 KB
  • #1,188
  • Sep 10, 2007 3:04am Sep 10, 2007 3:04am
Quoting jjrvat
9:00 AM 10 AM Europe

19 min / 35 pips/ €700 / Done !!!

jjrvat
Attachment
Very nice setup - I tested Rainbow also with ER2 but not such results like yours. It is about waiting for the best setup.

Congratulation jjrvat

For me 3 bad entries today - stop trading, waiting for better opportunities next day.
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: today.png Size: 151 KB
  • #1,189
  • Sep 10, 2007 3:26am Sep 10, 2007 3:26am
Quoting Bruno
Very nice setup - I tested Rainbow also with ER2 but not such results like yours. It is about waiting for the best setup.

Congratulation jjrvat
Thanks Bruno,

My suggestion ... try ER2 in the US afternoon session as far away from the opening and news as possible, you will see 1 or 2 superb setups everyday ....

In my opinion, waiting for the best setup is the key but pulling the trigger (... and on time) is probably more difficult to learn.

jjrvat
  • #1,190
  • Sep 10, 2007 4:57am Sep 10, 2007 4:57am
Quoting Bruno
Very nice setup - I tested Rainbow also with ER2 but not such results like yours. It is about waiting for the best setup.

Congratulation jjrvat

For me 3 bad entries today - stop trading, waiting for better opportunities next day.
Attachment

Hi Bruno, I used your chart just to show you how I try to not get burned from channel movements, and an exercise for myself

Happy scalping
Attached Image (click to enlarge)
Click to Enlarge Name: today.png Size: 233 KB
  • #1,191
  • Sep 10, 2007 5:14am Sep 10, 2007 5:14am
Hi.
I've been reading through this excellent thread for a day or two, and I'm still only at page 46! That's how absorbing this rainbow thingy is. Anyway, I thought I'd have a go this morning with the demo account and see whether or not I've managed to grasp the fundamentals or not. I have to say that it took me the first 20 pages or so of this thread before light finally dawned and I could see what everybody was getting enthusiastic about! I can't get over how VISUAL it is, and how trading opportunities just seem to LEAP out of the chart! Linuxtroll, we have a saying here in the UK. When I tell you that this system is quite literally the "DOG'S BOLL**KS", I can assure you that I'm paying you the highest compliment! Any comments, good or bad, re the accompanying chart will be welcome. Just four trades, signified by the blue rectangles. Are they proper "rainbow" trades? I just need some confirmation or otherwise so that I can keep "chargin' on"!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy73.gif Size: 25 KB
  • #1,192
  • Sep 10, 2007 5:25am Sep 10, 2007 5:25am
Quoting Bruno
Very nice setup - I tested Rainbow also with ER2 but not such results like yours. It is about waiting for the best setup.

Congratulation jjrvat

For me 3 bad entries today - stop trading, waiting for better opportunities next day.
Attachment
Were you looking for sell on this setup? very bad tactics... always take the trade on the spine direction... simply that's a buy setup... you need more screen time Bruno... until you master the aggressive scalping - do not take counter scalps... hope this helps...
  • #1,193
  • Sep 10, 2007 5:28am Sep 10, 2007 5:28am
Quoting jjrvat
9:00 AM 10 AM Europe

19 min / 35 pips/ €700 / Done !!!

jjrvat
Attachment
Excellent, but be careful Jjrvat... You are entering late... learn to enter little bit earlier...
  • #1,194
  • Sep 10, 2007 5:32am Sep 10, 2007 5:32am
Quoting hanz
you can also learn to play golf from LT

http://cyrox.net/

LoL
Yes... check the videos... golf is simple like rainbow scalping, but people make it hard... keep it simple... create turbo power... harvest more pips... LoL
  • #1,195
  • Sep 10, 2007 5:36am Sep 10, 2007 5:36am
Quoting italianfx
Hi Bruno, I used your chart just to show you how I try to not get burned from channel movements, and an exercise for myself

Happy scalping
Italian is a true Rainbow pirate now... LoL
  • #1,196
  • Sep 10, 2007 5:39am Sep 10, 2007 5:39am
Quoting eyevoltage
Hi.
I've been reading through this excellent thread for a day or two, and I'm still only at page 46! That's how absorbing this rainbow thingy is. Anyway, I thought I'd have a go this morning with the demo account and see whether or not I've managed to grasp the fundamentals or not. I have to say that it took me the first 20 pages or so of this thread before light finally dawned and I could see what everybody was getting enthusiastic about! I can't get over how VISUAL it is, and how trading opportunities just seem to LEAP out of the chart! Linuxtroll, we have a saying here in the UK. When I tell you that this system is quite literally the "DOG'S BOLL**KS", I can assure you that I'm paying you the highest compliment! Any comments, good or bad, re the accompanying chart will be welcome. Just four trades, signified by the blue rectangles. Are they proper "rainbow" trades? I just need some confirmation or otherwise so that I can keep "chargin' on"!!!
Thanks and you are doing great... Charge on... LoL
  • #1,197
  • Sep 10, 2007 5:49am Sep 10, 2007 5:49am
Quoting linuxtroll
Excellent, but be careful Jjrvat... You are entering late... learn to enter little bit earlier...
Linuxtroll,

Thanks for the feedback... Most of the times I can clearly see the signal before my entry but I am still not 100% confident to take the trade until the first or second mini pullback....

Definitively, the longer you wait to pull the trigger the higher the risk… I still have to improve my entries ….

jjrvat
  • #1,198
  • Sep 10, 2007 6:21am Sep 10, 2007 6:21am
Quoting linuxtroll
Were you looking for sell on this setup? very bad tactics... always take the trade on the spine direction... simply that's a buy setup... you need more screen time Bruno... until you master the aggressive scalping - do not take counter scalps... hope this helps...
Many thanks Linux and Alessandro for your comments - this is best way how to learn from my own mistakes.

Yes it was all bad trades I took counter scalp ignoring major trend.
Regards Bruno
  • #1,199
  • Sep 10, 2007 6:24am Sep 10, 2007 6:24am
Quoting eyevoltage
we have a saying here in the UK. When I tell you that this system is quite literally the "DOG'S BOLL**KS", I can assure you that I'm paying you the highest compliment!
  • #1,200
  • Sep 10, 2007 9:06am Sep 10, 2007 9:06am
Quoting Bruno
Very nice setup - I tested Rainbow also with ER2 but not such results like yours. It is about waiting for the best setup.

Congratulation jjrvat

For me 3 bad entries today - stop trading, waiting for better opportunities next day.
Attachment
Bruno, check out my comments on your chart.... this could be very helpful for your trading (I hope!) !!

Also, note along with the comments on the chart that it seems you're using a tick-by-tick chart, which can be very difficult to determine the price action with. At the very least, you may want to try a 1-min chart, or a tick-bar chart (maybe 133 ticks?). That way you have some notion of a given time frame (or in the case of tick bars, a given amount of activity) by which to judge market sentiment--for example, at a s/r level, was the open higher or lower than the close?--things like that. Once you become very good at it, you should be able to mentally compose a tick chart into a higher TF, but if you're new all you're seeing is ... "tick... tick.. tickticktick..... tick" ... instead of "open-movement-close". See what I mean? Of course, the experienced folks on this thread can use a 10s or tick chart, and be good at it :-) But they've put in a LOT of screen time I have no doubt...
Attached Image (click to enlarge)
Click to Enlarge Name: badentries.png Size: 205 KB
18 traders viewing now