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Linuxtroll Simple Scalping

  • #1,761
  • Sep 25, 2007 3:19am Sep 25, 2007 3:19am
First trade - My loss trade for today.
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  • #1,762
  • Sep 25, 2007 3:34am Sep 25, 2007 3:34am
This is great. This is setup anyone can only hope for. Now let me ask you a question. In the long run, if you use this setup are you going to end up positive, negative, or even?
And don't rush with the answer, just try it for a month and you will get your result.
Quoting Syafi
Watch rainbow since 10.00 - 15.00 ... not entering an trade..
then ........ saw this good setup. for a +30 pip less then 5 minute trade...
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,763
  • Sep 25, 2007 4:35am Sep 25, 2007 4:35am
-0.4 here after spread. Closed due to 6min rule, but continues to drift down.
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  • #1,764
  • Sep 25, 2007 4:42am Sep 25, 2007 4:42am
6 minute rule is only an fast market... today is slow market.. so could keep for more time..
  • #1,765
  • Sep 25, 2007 5:14am Sep 25, 2007 5:14am
Quoting Syafi
6 minute rule is only an fast market... today is slow market.. so could keep for more time..
Where does it say for a fast market? In a fast market if you picked the wrong direction or the market turned against you, you would probably bail much sooner than 6 minutes.
  • #1,766
  • Sep 25, 2007 5:20am Sep 25, 2007 5:20am
Could FXS or anyone explain in detail how to trade with the Rainbow moving averages?
  • #1,767
  • Sep 25, 2007 5:42am Sep 25, 2007 5:42am
Quoting creztor
Where does it say for a fast market? In a fast market if you picked the wrong direction or the market turned against you, you would probably bail much sooner than 6 minutes.
http://www.forexfactory.com/showpost...postcount=1765
  • #1,768
  • Sep 25, 2007 5:44am Sep 25, 2007 5:44am
Quoting creztor
Where does it say for a fast market? In a fast market if you picked the wrong direction or the market turned against you, you would probably bail much sooner than 6 minutes.
Its not about picking the wrong direction!
If you enter a trade and it doesnt move at all this means your setup sucks.
That is why you should get out after 6 mins.

Now the point is just that LT wants you to scalp in the active hours, in "not active" hours the price doesn't move at all for a long time but your setup can be pretty good anyways ( you picked a good setup btw.).
  • #1,769
  • Sep 25, 2007 5:45am Sep 25, 2007 5:45am
Quoting najeem
Could FXS or anyone explain in detail how to trade with the Rainbow moving averages?
Buy the E-Book or read the thread, or do both. All the information you want is here, just go for it.
  • #1,770
  • Sep 25, 2007 5:48am Sep 25, 2007 5:48am
Some more tickchart power
Attached Image
  • #1,771
  • Sep 25, 2007 6:12am Sep 25, 2007 6:12am
Berlin about 13.00 Uhr


Great setup. Very good breakout. still riding it. USD/JPY

http://img101.imageshack.us/img101/1462/todaypk9.th.jpg


The same swing in a range. EUR/USD possible long or short.

still waiting for the trend change. lookout for the breakout and ride it too.

http://img503.imageshack.us/img503/8...openzr0.th.jpg



Is there anybody, who wants to chat, and smalltalk, during the europe time. For good teaching each other?
  • #1,772
  • Sep 25, 2007 6:21am Sep 25, 2007 6:21am
Quoting kermut
Well,


In addition to the session open and closing times, the one thing that I have noticed is that eur/jpy is also prone to move well around opening of equities markets, which is 1 hour after fx market in the US opens. Keep an eye out on that.

Regards,
K.
right, and that concerns all carry trade related pairs: GBP/JPY, GBP/USD, USD/JPY, EUR/JPY, AUD/JPY, NZD/JPY - i mentioned only most active
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #1,773
  • Sep 25, 2007 6:48am Sep 25, 2007 6:48am
Quoting Canyouseeme
Some more tickchart power

Heh One of my favourite setups Keep showing your trades ......
  • #1,774
  • Sep 25, 2007 6:57am Sep 25, 2007 6:57am
Quoting Canyouseeme
Its not about picking the wrong direction!
If you enter a trade and it doesnt move at all this means your setup sucks.
That is why you should get out after 6 mins.

Now the point is just that LT wants you to scalp in the active hours, in "not active" hours the price doesn't move at all for a long time but your setup can be pretty good anyways ( you picked a good setup btw.).
Agree completely which is my view on the 6min or anytime rule you use. To me it means nothing is happening so I bail. Yes that setup did turn out to be a good run if you had hung in there.
  • #1,775
  • Sep 25, 2007 7:15am Sep 25, 2007 7:15am
Quoting creztor
Agree completely which is my view on the 6min or anytime rule you use. To me it means nothing is happening so I bail. Yes that setup did turn out to be a good run if you had hung in there.
I know, I think I took that setup ^^

update: Yep I knew I saw that setup today
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  • #1,776
  • Sep 25, 2007 7:42am Sep 25, 2007 7:42am
Pls review the chart below and notice my first entry. It seemed like a good entry, spine breaking V-line and price going past H-line. But I ended up closing the trade for a -3.5 pips, as I saw price go past the spine.

As you can see, the price sent down quite a few pips after I closed my trade, and it would have hit my tp if I was still in.

All feedback is appreciated.

Regards,
K.

P.S. There were good trading oppurtunities long before my trade, but I was not at the computer.
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  • #1,777
  • Sep 25, 2007 7:46am Sep 25, 2007 7:46am
Still waiting for better setup in US Session...... US Existing Home Sales could bring some more pips today.
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  • #1,778
  • Sep 25, 2007 7:49am Sep 25, 2007 7:49am
Quoting kermut
Pls review the chart below and notice my first entry. It seemed like a good entry, spine breaking V-line and price going past H-line. But I ended up closing the trade for a -3.5 pips, as I saw price go past the spine.

As you can see, the price sent down quite a few pips after I closed my trade, and it would have hit my tp if I was still in.

All feedback is appreciated.

Regards,
K.

P.S. There were good trading oppurtunities long before my trade, but I was not at the computer.

Hello Kermut. I used Time stop-6 minutes is OK ..........
  • #1,779
  • Sep 25, 2007 8:04am Sep 25, 2007 8:04am
Quoting kermut
Pls review the chart below and notice my first entry. It seemed like a good entry, spine breaking V-line and price going past H-line. But I ended up closing the trade for a -3.5 pips, as I saw price go past the spine.

As you can see, the price sent down quite a few pips after I closed my trade, and it would have hit my tp if I was still in.
you enter before it finish retrace & got spooked ... the trend was still downtrend. ( see the spine ) so its safe to wait.

base on my observation, whenever price spike, it will retrace a bit.. so entry at retrace will get better price most of the time.
  • #1,780
  • Sep 25, 2007 8:54am Sep 25, 2007 8:54am
Yo Yo finally something better for me today. I think it will go futher, but i will trade after US Existing Home Sales .
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