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  • #1,401
  • Sep 13, 2007 12:44pm Sep 13, 2007 12:44pm
Quoting italianfx
Nice words of wisdom

Bruno if you feel frustrated for a bad day, close you trading stration and watch the Secret movie again. Everytime I watch it I get more motivated

Is that the movie where they have like, re-inactments of like dudes in the 1800's and then it'll show like a glowing ball in front of people... basically where you keep your mind open and have persistance??? I think I have that movie (Oprah recommends it!) --- IF thats the one being refered to. Although I haven't sat through it yet...
"Please sir, may I have some more pips?"
  • #1,402
  • Sep 13, 2007 12:50pm Sep 13, 2007 12:50pm
Quoting PaleRainbow
It will be like a ping-pong game in the beginning. Back and forth, back and forth.

Like the way that I buy and sell at just the wrong times
in a trading range! An uncanny "ability".

Just dont give up!

I won't! And don't worry, I won't go live (or at least above micros)
until Mantra 9 is a reality!
Your reply applied to me too PR!
I thank you!
  • #1,403
  • Sep 13, 2007 1:16pm Sep 13, 2007 1:16pm
Quoting J2FcM
Is that the movie where they have like, re-inactments of like dudes in the 1800's and then it'll show like a glowing ball in front of people... basically where you keep your mind open and have persistance??? I think I have that movie (Oprah recommends it!) --- IF thats the one being refered to. Although I haven't sat through it yet...

Yes I think is that one, you can find it at thesecret.tv and if you go on youtube you will also find some scenes.
  • #1,404
  • Sep 13, 2007 1:37pm Sep 13, 2007 1:37pm
cool - thanks for confirming...

But like 3 months ago I already went to a torrent site and Dl'ed the whole thing... I just wasn't sure Forex and Oprah mixed - but seriously; I'll checkout the video soon.
The only reason I haven't watched it; is because I believe my GF was shown it in a DUI class and thinks its silly and moans and complains for me to watch something gory so we end up watching The Story of Ricki instead.
"Please sir, may I have some more pips?"
  • #1,405
  • Sep 13, 2007 2:14pm Sep 13, 2007 2:14pm
Quoting linuxtroll
Try 30 sec... More hit rate (if your goal is to take more pips per trade)... You can always sneak peak at 30 sec; but 5 sec is our major timeframe... If market is not moving in 5 sec, it is not going to move in any other higher time frames too...
I have been having pretty good success trading 5 sec at Oanda and peeking at 5 min chart with S/R and trend on MT4. It seems like the MT4 is about 1 second ahead of Oanda. It's almost like having a headstart! Anyone else experience this?
Q
The Only Constant Is Change!
  • #1,406
  • Sep 13, 2007 2:30pm Sep 13, 2007 2:30pm
Hello people. Here are my ideas about this method and this is how I see and use it. Thanks to all the people in the thread and Linuxtroll.

Bob.
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  • #1,407
  • Sep 13, 2007 2:48pm Sep 13, 2007 2:48pm
Quoting bobblong
Hello people. Here are my ideas about this method and this is how I see and use it. Thanks to all the people in the thread and Linuxtroll.

Bob.
Hi Bob,

Very interesting charts ... thanks very much. The time and pips info remarked in the charts are most useful.

What time zone are you in? Mine is JST = GMT +9.

RS
  • #1,408
  • Sep 13, 2007 2:49pm Sep 13, 2007 2:49pm
thanks for the ideas expired BobLong!!! copy-paste-printed.
"Please sir, may I have some more pips?"
  • #1,409
  • Sep 13, 2007 2:54pm Sep 13, 2007 2:54pm
Quoting RisingSun
Hi Bob,
What time zone are you in? Mine is JST = GMT +9.
RS
GMT+2. Glad you found it useful
  • #1,410
  • Sep 13, 2007 3:01pm Sep 13, 2007 3:01pm
Quoting bobblong
Hello people. Here are my ideas about this method and this is how I see and use it. Thanks to all the people in the thread and Linuxtroll.

Bob.
Yo B.
Your method looks great but:
You're trading MTF to avoid getting whipsawed in trading ranges
by crappy little rainbowettes. I can certainly understand since I'm
just about sick of getting my butt kicked by those little bast###s!
However, I think that LT wants us to stick with a single TF and
avoid mushy spineless rainbows by trading only at certain high
probability times of day for whatever pair we're trading.

Just a NB offering unsolicited help (and trying to keep LT from
getting mad and turning troll-rabid on us). LOL

Please correct any misunderstand that I may have here,LT. Please.

Me (I'm getting punch-drunk) => <= Trading Range
  • #1,411
  • Sep 13, 2007 3:02pm Sep 13, 2007 3:02pm
Quoting JazzmanQ2
I have been having pretty good success trading 5 sec at Oanda and peeking at 5 min chart with S/R and trend on MT4. It seems like the MT4 is about 1 second ahead of Oanda. It's almost like having a headstart! Anyone else experience this?
Q
yes, ... and EFX/MBT is about 5 seconds ahead of OANDA! can forecast where OANDA will be in 5 seconds...
  • #1,412
  • Sep 13, 2007 3:03pm Sep 13, 2007 3:03pm
Quoting bobblong
GMT+2. Glad you found it useful

very much so! pls continue posting ...
  • #1,413
  • Sep 13, 2007 3:08pm Sep 13, 2007 3:08pm
Quoting FXSurfer
Yo B.
Your method looks great but:
You're trading MTF to avoid getting whipsawed in trading ranges
by crappy little rainbowettes.
My entries are purely in the 5 sec TF. The 30 sec is important to determine some things.... and if the general momentum is weak or strong or dead. To me more information is always better I can trade it with just the 5 sec.. but I would have less information hehe.

Thanks for your concern.
  • #1,414
  • Sep 13, 2007 3:27pm Sep 13, 2007 3:27pm
I guess the trading range devils are only after me!

(If had more skill and very low costs I could trade the folds
inside of those hellish ranges. Or even fade the edges. Not
high probabilty for me right now though. )
  • #1,415
  • Sep 13, 2007 4:21pm Sep 13, 2007 4:21pm
Great charts Bobblong--I learned a lot from them! pk
  • #1,416
  • Sep 13, 2007 6:48pm Sep 13, 2007 6:48pm
Quoting FXSurfer
However, I think that LT wants us to stick with a single TF and
avoid mushy spineless rainbows by trading only at certain high
probability times of day for whatever pair we're trading.
Quoting linuxtroll
-look at the 5 sec Rainbow chart (sneak peak at 30 sec)
-identify the direction (no direction or movement; do not trade)
-Jump in and jump out...
:-)

I'm sure LT would agree that while the tool, the rainbow MMAs, is our common tool, it can certainly be used in different ways. Multiple TFs are a great way to give the overall trend direction, and if it helps someone to use it, then they probably should! (lol, I still feel weird using 30s as a "long term" trend direction--geez! hehe)
  • #1,417
  • Sep 13, 2007 7:12pm Sep 13, 2007 7:12pm
Quoting JoshDance
:-)
I'm sure LT would agree that while the tool, the rainbow MMAs, is our common tool, it can certainly be used in different ways. Multiple TFs are a great way to give the overall trend direction, and if it helps someone to use it, then they probably should! (lol, I still feel weird using 30s as a "long term" trend direction--geez! hehe)
LOL

You should have seen me when I started to use the 5 seconds chart. I did like the 30 second chart best of all of those but for some reason I had a feeling I was missing something. So I was reading the thread here and saw that they was talking about using the 5 sec chart.

I got so confused! I thought it was way too fast for me so I was having three charts up at same time with that winsplit program. One 5 secs and one 30 secs and one 1 minute, for several days.

But now I am only using 5 secs. It just happened. I got some ahas and suddenly I could use only the 5 secs.

Funny that....
Pas a pas, se va lučnh
  • #1,418
  • Sep 13, 2007 7:22pm Sep 13, 2007 7:22pm
Quoting JoshDance
:-)

I'm sure LT would agree that while the tool, the rainbow MMAs, is our common tool, it can certainly be used in different ways. Multiple TFs are a great way to give the overall trend direction, and if it helps someone to use it, then they probably should! (lol, I still feel weird using 30s as a "long term" trend direction--geez! hehe)
Yea...I get lost sometimes focusing on just 5 sec, using another TF with S/R levels just gives me more confidence that I'm not entering into a bad situation. I'm sure in time most all of us Rainbow Warriors will use 5 sec exclusively.
Q
The Only Constant Is Change!
  • #1,419
  • Sep 13, 2007 8:48pm Sep 13, 2007 8:48pm
Quoting FXSurfer
Ode to Joy! Page 97 is a wonder!

(I love it when LT can't stand our carrying on anymore
and comes in and kicks butt. HA! Thanks LT)
  • #1,420
  • Sep 13, 2007 9:13pm Sep 13, 2007 9:13pm
Hello Linuxtroll, thank again for the great help that you gives to help us with the rainbow.

I have a question for you about ticks charts. What tick chart (in number of ticks per bar) do you consider the best according to your scalping strategy?

Thank very much again and cannot wait to see your e-book.

Great trading to all

Sincerely

Update: Here is a 5 ticks chart of EUR/JPY from Ensign charting package with a 22 pips win

Most power to LT for this great thread

Shreem
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