Linuxtroll Simple Scalping | Page 86 | 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

  • #1,701
  • Sep 21, 2007 1:17pm Sep 21, 2007 1:17pm
thx.
In my opinion, LTīs informations are very useful and interesting. Screentime,Education,patience and Experience.


The trick is to hang up just a little bit longer then all the others. *joke*

1 hour later the range of the waves were not so big and i get 7 bad trades.

Together: - 14 PIPS

I donīt like that market. Iīve to learn 2 take more small profits. Thats not easy.
  • #1,702
  • Sep 21, 2007 4:23pm Sep 21, 2007 4:23pm
If the Stop Loss is too tight (2pip) in your case,
It will get hit much more often...

better to find higher probability trade to trade with,
  • #1,703
  • Sep 21, 2007 8:30pm Sep 21, 2007 8:30pm
Quoting mazzhats
Hi. super thread. Very interesting. Want 2 post one of ma trades.

Sorry for my english. The last english lesson was long long time ago.

first of all. Hello 2 all.


My strategy is easy.

- trade the 5 sec chart
- only the main direction of the 1 min. chart
- buy : hits the start of red zone from down/up (if main direction)
- sell : hits the start of red zone from up/down (if main direction)
- stop Posi, if - 2 Pips or the the red zone is broken
- Target :go out ,if small S/R Lines touched or u fell bad ;-)



sorry 4 my english


PS. The system works. But not with small Lots. The fee kills me.
My opinion. minimum 50000?


Answers pls. THX

Klick on the chart Link
5sec. Trading chart:
[img=http://img156.imageshack.us/img156/1035/trade5secsb7.th.jpg]

1min main chart: (the reason 4 long positions only)
http://img88.imageshack.us/img88/852...1mingh2.th.jpg
For better results, use 30 sec (not 1 min)...
  • #1,704
  • Sep 21, 2007 10:55pm Sep 21, 2007 10:55pm
Quoting FXSurfer
Careful Syafi !
We had better be trend followers.
IMHNBO
The Trend is to be followed, but from most New Trader experience, who jump in the trend at the end of it were actually being counter trend since when you jump in, the trend is actually starting to change its direction. and end up buying at top and selling at bottom of price movement.

"To follow the trend, we must identify the trend"
We must know who we want to follow, to arrive at our destination.

Cyrox Rainbow are designed to help us identify the trend at those turning points.
  • #1,705
  • Sep 22, 2007 12:16am Sep 22, 2007 12:16am
Train your self for rainbow surfing using MT4 any timeframe chart...

as usual plot the MA..... 1 6 12 .... 156
then save the template..
then press F12 in your keyboard...

it will move 1 timeframe each time.... so it just like watching the realtime chart... you can practice buy & sell there with your mind .. envision yourself buy & sell while watching the rainbow, after a few time, you will start to see the similarity in the wave pattern and you can make better judgment.

Just remember, the pip value in 5sec timeframe is much smaller then on the larger TF .. and the time is much shorter as well.. if you divide it, you get about the same value.....

So simply mean, if you day trade, rainbow can be useful too ..

Remember, for short & fast scalp when you trade ...... Use 5 sec chart, and if you need to view the larger trend...take a peak at the 30 sec chart... entering and exiting still in 5 sec chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: practice5mchart.PNG Size: 98 KB
Click to Enlarge Name: practice15mchart.PNG Size: 110 KB
Click to Enlarge Name: practice30mchart.PNG Size: 119 KB
Click to Enlarge Name: practice1hchart.PNG Size: 91 KB
Click to Enlarge Name: practice1mchart.PNG Size: 82 KB
  • #1,706
  • Sep 22, 2007 1:10am Sep 22, 2007 1:10am
good morning
Syafi, you are right. But take a look at the first Trade last time of my chart.

http://img156.imageshack.us/my.php?i...ade5secsb7.jpg


Buy 115.45. It goes up 115.48 and then down 115.44.
What about, if it goes down deeper? For example 115.40 and turns up ?
With a SL of 5 PIPS, i will have 5 PIPS in minus. So my second Trade (+ 3 PIPS) was fine, but my day is still 2 PIPS loss.
With a 2 PIPs SL i will have a bad depot,too. But i will have a second chance.
Why should i not try to get on the up Wave a second time? And if it again wrong, i am still - 4 PIPS and not - 5 .

2 try it 2 times. Thats very much in the forex market. 100% more possibilities.


THX


But because of the small SL it is much more difficult, 2 trade a not so big range. If the market goes sideways. Thats my problem 2 identify it.
  • #1,707
  • Sep 22, 2007 2:26am Sep 22, 2007 2:26am
no matter what, there is always a trade off.

you put higher SL, you will hit SL much less time,
You put smaller SL, you hit SL much more often.

1 trade with -5SL is 5 pip loss + commission ~1 pip ( total 6 pip)
2 trade with -4SL is 4 pip loss + commission ~2 pip ( total 6 pip)

no matter what there will always be a trade off.

trade can go ... 145.12 go up 145.16 then go down 145.05 before shoot up 100 pip also .....

SL & TP is really a personal preference. its up to you individually.

our aim with cyrox rainbow is to identify these changes as soon and as correct as possible..
  • #1,708
  • Sep 22, 2007 8:35am Sep 22, 2007 8:35am
Hello ,

Today I have finished the ebook for second time and the thread for first time.

Well done linuxtroll.
There are some jems in your ebook it worths more than the 12 pips.lol.

I can't locate where the desktop version of oanda is located.
Someone having the link?
Also there are two versions in EFX trader one with forex only(forex client) and the other with forex and stocks(navigator).

Which version do you use?

Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #1,709
  • Sep 22, 2007 8:39am Sep 22, 2007 8:39am
Quoting Blazer
Hello ,

Today I have finished the ebook for second time and the thread for first time.

Well done linuxtroll.
There are some jems in your ebook it worths more than the 12 pips.lol.

I can't locate where the desktop version of oanda is located.
Someone having the link?
Also there are two versions in EFX trader one with forex only(forex client) and the other with forex and stocks(navigator).

Which version do you use?

Thank you

B
you can download Oanda Desktop at
https://fx1.oanda.com/java/fxdesktop/index.shtml
  • #1,710
  • Sep 22, 2007 9:27am Sep 22, 2007 9:27am
Thank you very much for the desktop link.

I will try it on Monday.

Concerning the trading platform which one do you use?
The Navigator or the Forex client?
Are you waiting with the finger on the buy or sell button ,or it is just me? lol.


Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #1,711
  • Sep 22, 2007 11:06am Sep 22, 2007 11:06am
Hallo,

OANDA GAME BETA allows now saving of chart setups.

http://fxtrade.oanda.com/fxgame_beta/

Now we can different rainbow setups. If You look to the published chart you find interesting differences in colours, wma distances, number of wms.

OANDAS new functions, which hopefully arrive soon in the FXTRADE version are a good tool to find the most suitable setup.

....subsecond
  • #1,712
  • Sep 22, 2007 11:45am Sep 22, 2007 11:45am
Quoting Blazer
Concerning the trading platform which one do you use?
The Navigator or the Forex client?
Hey Blazer!
Use Navigator until Omega comes out. They say pretty soon.
It will include charting. Has anyone heard if it will have 5 sec. or ticks?

Brent
  • #1,713
  • Sep 22, 2007 4:39pm Sep 22, 2007 4:39pm
Thank you,

Is there anyway in this platform or with macros to have a global stop loss and one keystroke for standard amount buy or sell directive?

If we will be quick like ferrari pit stop there more pips for us.lol.

Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #1,714
  • Sep 23, 2007 11:29am Sep 23, 2007 11:29am
I'm seeing some variations in trading session hours
to use for the LTSS method.
Here's a site that another FF member suggested and that
I use for hours. It seems to be "correct":

http://www.worldmarkethours.com/Fore...a.htm?12,0,0,0

Any thoughts on the above link, variations on hours and also
on other "lesser" sessions (NZ,HK Etc.)

Just trying to qualify/verify this info to start using LTSS E-Book method.

I'm looking for this week to be another GREAT one for E/J (after today's
Japanese holiday), this thread and LT's method!
Have a good week everyone!
  • #1,715
  • Sep 23, 2007 2:19pm Sep 23, 2007 2:19pm
That site says NZ hasn't opened yet... I can assure you prices are moving right now

Oanda starting moving at 7am AEST (20 mins ago).
  • #1,716
  • Sep 23, 2007 3:03pm Sep 23, 2007 3:03pm
Hello ,

I notice this too.Strange. OANDA started to display prices in 19.20 ???

I am still trying to be certain what is the correct London open hour.

GMT 8.00 ?

or GMT 8+1 Which is the current London setting ?

Thank you

P.S.I have downloaded a very usefull free utility from forexmarkethours.com

B
Learn something difficult and earn real money for ever, a lot.
  • #1,717
  • Sep 23, 2007 3:36pm Sep 23, 2007 3:36pm
Quoting Blazer
Hello ,

I notice this too.Strange. OANDA started to display prices in 19.20 ???

I am still trying to be certain what is the correct London open hour.

GMT 8.00 ?

or GMT 8+1 Which is the current London setting ?

Thank you

P.S.I have downloaded a very usefull free utility from forexmarkethours.com

B
Thanks Blazer!
I think that London is UTC+1 in summer!
Since this link is the one LT mentioned I will use the utility also.
This seems like it should be a simple issue. LOL


Edit: I hate Daylight Saving Time.
  • #1,718
  • Sep 23, 2007 6:37pm Sep 23, 2007 6:37pm
High Probability...

http://img297.imageshack.us/img297/2749/01gf0.png
  • #1,719
  • Sep 23, 2007 8:59pm Sep 23, 2007 8:59pm
Please see if the entry is correct Rainbow entry..
Attached Image (click to enlarge)
Click to Enlarge Name: 200709241154.PNG Size: 84 KB
  • #1,720
  • Sep 23, 2007 9:08pm Sep 23, 2007 9:08pm
Quoting linuxtroll
High Probability...
This was a nice Long Entry with the head fake down at JPY Open, it moved down at 9pm EST for around 10 pips, then shot upward with the entry Long taken at 162.36 break of the resistance.

Then the 162.50 was set to be the break of support on the Short that came after this move up.

Overall a nice Long and a Short.

Rainbow revealed these two moves very nicely, for some very quick pips.

Click image to enlarge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 sec Sunday.jpg Size: 102 KB
Click to Enlarge Name: 30 sec sunday.jpg Size: 122 KB
0 traders viewing now