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Linuxtroll Simple Scalping

  • #1,621
  • Sep 19, 2007 9:39am Sep 19, 2007 9:39am
http://img205.imageshack.us/img205/530/01wu2.png
  • #1,622
  • Sep 19, 2007 9:40am Sep 19, 2007 9:40am
Quoting hensch
Have you tried to trade out of a 1 tick chart?
yeah I did and besides, I always have a tickchart open to see every little move.

Dunno it's not that different from using a 5 sec chart for me.
  • #1,623
  • Sep 19, 2007 9:44am Sep 19, 2007 9:44am
A Mini-Enlightenment (?)
courtesy of few (more) crappy scalps and a cup of coffee

1) Each and every rainbow is unique.

2) Not every rainbow is reasonably tradeable.

3) Assessing this tradeability is a requirement to successful
rainbow scalping.

4) The reason my scalping currently stinks is due to my lack
of skill in spotting and trading good rainbows and just letting
the others fizzle out.


It's that easy
  • #1,624
  • Sep 19, 2007 9:59am Sep 19, 2007 9:59am
Quoting FXSurfer
A Mini-Enlightenment (?)
courtesy of few (more) crappy scalps and a cup of coffee

1) Each and every rainbow is unique.

2) Not every rainbow is reasonably tradeable.

3) Assessing this tradeability is a requirement to successful
rainbow scalping.

4) The reason my scalping currently stinks is due to my lack
of skill in spotting and trading good rainbows and just letting
the others fizzle out.


It's that easy
Just find your 2 high probability setups per day, make your 20 pips, change from demo to micro and repeat.

Besides it is a shame that you stopped your journal on rainbow scalping, analyzing always helps a great deal while you try to improve something, especially when other people can help and comment on your style!
  • #1,625
  • Sep 19, 2007 10:14am Sep 19, 2007 10:14am
A Mini-Enlightenment (?)
courtesy of few (more) crappy scalps and a cup of coffee

1) Each and every rainbow is unique.
--
Absolutely... and it shows the scalpers personality (I posted a gold one today - pot of gold)...
--
2) Not every rainbow is reasonably tradeable.
--
All of them will work, because it depends on the users eyes and brain (screentime)...

3) Assessing this tradeability is a requirement to successful
rainbow scalping.
--
successful scalping is based on the ideas presented in the e-book... Rainbow is one element - tool of the scalping trade...
--
4) The reason my scalping currently stinks is due to my lack
of skill in spotting and trading good rainbows and just letting
the others fizzle out.
--
Use one rainbow (single color or colorful); screen time will show you high probability patterns... jump in and out... follow the rules and tips...
--
It's that easy
--
Very easy... Keep it Simple and Smart (My version of the KISS)

Cheers,
--
Trollmann

PS! I will open a thread for Rainbow high probability patterns soon... This thread is for Linuxtroll Simple Scalping...
  • #1,626
  • Sep 19, 2007 10:23am Sep 19, 2007 10:23am
Quoting Canyouseeme
Just find your 2 high probability setups per day
Hello CYSM!
Thanks for your advise! I'm sure that you are right.
Right now the setups that you are mentioning are
alluding me. If, like they say, they would bite me if
they were snakes - then it would be nice if they did so!

Most likely this koan applies to my case:

It is too clear and so it is hard to see.
The dunce searched for fire with a lit
lantern. Had he known what fire was
he would have cooked his rice sooner.

Thanks for your support everyone!
I'll try to keep my posts "positive" but,
I have to be for real too! Might sound a
little "negative" but I don't look at it like
that!
  • #1,627
  • Sep 19, 2007 10:27am Sep 19, 2007 10:27am
today after posting both my trade chart, jjirvat gave me good feedback on my chart & my trade (i put on mind ok buy here, short here, exit here)

its is starting to work much much better ..

Linuxtroll, when you say high probability you mean take only 1 or 2 trade that look real good with more lot/trade and not 100's of trade per any session right ? ..
  • #1,628
  • Sep 19, 2007 10:30am Sep 19, 2007 10:30am
Quoting Syafi
today after posting both my trade chart, jjirvat gave me good feedback on my chart & my trade (i put on mind ok buy here, short here, exit here)

its is starting to work much much better ..

Linuxtroll, when you say high probability you mean take only 1 or 2 trade that look real good with more lot/trade and not 100's of trade per any session right ? ..
Absolutely...
  • #1,629
  • Sep 19, 2007 10:44am Sep 19, 2007 10:44am
Quoting linuxtroll
Very easy...
I'm trying (too?) hard, LT!
Thanks!
  • #1,630
  • Sep 19, 2007 11:02am Sep 19, 2007 11:02am
Quoting linuxtroll
http://img205.imageshack.us/img205/530/01wu2.png
LT, what are the WMAs in this rainbow, it looks different than the one I am using.
  • #1,631
  • Sep 19, 2007 11:09am Sep 19, 2007 11:09am
Quoting linuxtroll
Absolutely...
Is GBP/JPY ok for scalping ?

EUR/JPY cost = 1pip spread & 1.4 pip commission (2.4 pip total)
GBP JPY cost = 4 pip spread & 2.3 pip commission (6.3 pip total)

but GBP/JPY go up & down about 2-3 times more then EUR/JPY........
in much less time ...... isnt it better ? or bad idea ?

----------

I noticed in EFX/MBT the spread are very tight (0 for others & 1-2for GBP/JPY when its arrive on some good reversal point and there is much trade in that place ( by looking at the level 2)

so when you say only take the trade when spread is 0 isnt it more risky ? as the price would shoot to 1 direction once the profit taking in that price is over ? ... yes more reward too
  • #1,632
  • Sep 19, 2007 11:25am Sep 19, 2007 11:25am
Quoting FXSurfer
I'm trying (too?) hard, LT!
Thanks!
Try SMART not HARD...
  • #1,633
  • Sep 19, 2007 11:28am Sep 19, 2007 11:28am
Quoting FXSurfer
I'm trying (too?) hard, LT!
Thanks!
simple..... every good thing will come to a point......where you are tired of it and feel it wont work... then all the sudden, all the good trade using that system, become like a success because of the initial eagerness to use it. then it fade away along with the success...

so now its your crucial time, if you continue, you gain success, if you change to other system you will feel this same feeling again later on for that system. ...

go watch the secret again
  • #1,634
  • Sep 19, 2007 11:54am Sep 19, 2007 11:54am
Quoting FXSurfer
Hello CYSM!
Thanks for your advise! I'm sure that you are right.
Right now the setups that you are mentioning are
alluding me. If, like they say, they would bite me if
they were snakes - then it would be nice if they did so!

Most likely this koan applies to my case:

It is too clear and so it is hard to see.
The dunce searched for fire with a lit
lantern. Had he known what fire was
he would have cooked his rice sooner.

Thanks for your support everyone!
I'll try to keep my posts "positive" but,
I have to be for real too! Might sound a
little "negative" but I don't look at it like
that!
FxSurfer I dont think that you are negative at all.

Those good setups is "alluding me" too these days. But I know that its not that its alluding me but that I have not been there when it happened.

But I always think positive about my "failures". One thing is that I want to settle down the dicipline FIRST, not after alot of mistakes.

And since there has happened some stuff in my family, I dont have focus enough to get there at the right times. So I have done two things right. I will try to never trade when I am not concentrated, or when not feeling well. I spend the time I have to watch the rainbow and look over the history where the good setups was.

This issue will be solved with (screen) time, lol.

And it is after all only practice that makes you a Master. Talent alone is not enough.
Pas a pas, se va lučnh
  • #1,635
  • Sep 19, 2007 11:55am Sep 19, 2007 11:55am
Quoting linuxtroll

PS! I will open a thread for Rainbow high probability patterns soon... This thread is for Linuxtroll Simple Scalping...
Can't wait.!!!

Thanks for all the help LT.
  • #1,636
  • Sep 19, 2007 12:14pm Sep 19, 2007 12:14pm
Quoting mmcoz
LT, what are the WMAs in this rainbow, it looks different than the one I am using.
looks like wmas 10-240 interval of 10
  • #1,637
  • Sep 19, 2007 12:29pm Sep 19, 2007 12:29pm
Quoting Canyouseeme
looks like wmas 10-240 interval of 10
Thanks
  • #1,638
  • Sep 19, 2007 2:19pm Sep 19, 2007 2:19pm
Quoting linuxtroll
PS! I will open a thread for Rainbow high probability patterns soon... This thread is for Linuxtroll Simple Scalping...
Definitely looking forward to that...
Egyptian and proud of it!
  • #1,639
  • Sep 19, 2007 9:37pm Sep 19, 2007 9:37pm
Hey Bruno,
Can you tell me how to change the color of my wma's on ninja? I just can't seem to get them to be any other color than yellow...thanks early for your response pk
  • #1,640
  • Sep 19, 2007 10:59pm Sep 19, 2007 10:59pm
Quoting pkchilly
Hey Bruno,
Can you tell me how to change the color of my wma's on ninja? I just can't seem to get them to be any other color than yellow...thanks early for your response pk
Try this.
Attached Image (click to enlarge)
Click to Enlarge Name: changewma.png Size: 18 KB
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