Linuxtroll Simple Scalping

Quoting adam777

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first full day of screen time ... since 5:30am syd time

one question .... when i enter market orders into mbx/efx navigator, how do i enter the stop loss at the same time? ... still waiting for a response from mbt so i thought someone might know

thanks

adam

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Quoting JoshDance

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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...

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Quoting Bruno

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Yes - you are right. Sounds like you love james16 price action and pivots...
With Rainbow I move from longer TF to shorter and try to learn as much as I can. I made today really very bad trades, other days no problem 20+ pips, maybe I was still sleeping little bit.
In all cases many thanks for your time and comments.
Have a great trades

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Quoting amenlo9

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i draw all pivots and S R lines into the chart.when i see price reach those area and formed the spine,i will entry.most of the time,price respect those levels and mostly will retrace.

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Quoting Horsemouth

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Bruno,

Does the 10tick bar chart above equals a one minute chart on MT4 ?.......The price movement that I see resembles the 1 minute chart i posted earlier.....Do you have template for MT4?

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Quoting mmcoz

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2. Which trading platform at EFX do you use, Navigator, or Forex Client. My live account now is with interbank and I need to switch it. Again thanks in advance.

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Quoting jjrvat

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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

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Quoting DeeNY

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Hello all, and special thanks to Linuxtroll.

This thread is teaching me a lot of new trading styles. I am very happy that I have a place to come to get some mentorship.

I have been trading for going on 7 months now, and I tell you one thing, leaving a 12 month tour in Afghanistan and entering forex is absolutly the best thing ever. I am out of the army now and really focusing on trading forex. The dealing desk at forex. com sucked a lot of money out of me. I learned from my mistakes and seriously thinking about opening an acount with Oanda.

When it comes to Scalping, I feel that this will be the best type of trading for me because I have nothing but time on my hands. To be honest with you guys, all I want to do is trade.

I would like to know if there is any technical advice that experienced trader can give me, please send me a message or reply to this post.

Linuxtroll, I am watching your every move. You seem to know what you are doing. Please teach me everything that you know.

Thanks guys,

DeeNY

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Quoting pkchilly

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Hey all! Just wanted to get your advice on my entry/exit points. Please let me know if I did it correctly--I am just hoping I'm starting to get this system! And it rocks LT--had I traded with the following signals I would have come out ahead ~130pips today (of course, I wouldn't have traded the entire day, but it's nice to say anyway) I watched and saved charts all day long and it was only about 4pm EST that I started to figure out where I would place a trade--notice placed a trade on last chart. Please let me know if these trades are placed too soon or too late. I moved s/l's at right around 5pip gain and moved up or down with market while higher/highs, lower/lows. Stopped out most of the trades at reversal of higher/highs, lower/lows. Also, used to think the spine was the entire length of 240ma, but have decided it's where the blue lines intersect to form solid space with tail either up or down showing direction--I have circled each spine--and LT, please correct me if I'm wrong! Notice, trade placed directly under spine circle with pullback. Also, LT, please let me know if you would like me to post my charts elsewhere if they crowd this forum and I'd be happy to comply--I won't do this everyday--just today on my day off...Pips to all. pkchilly

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Quoting cesande

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DeeNY... Thanks for your service to the USA

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Quoting eyecelll

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and i'm glad you like forex more than war now

hey LT, i've been watching the rainbow during slow trading hours today and came to conclusion that conservative trading doesnt work at these times, you have to be more aggressive, like selling at tops, would you agree?

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