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Attachments: Linuxtroll Simple Scalping
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Linuxtroll Simple Scalping

But since we a greedy we dont just stop here! (Bad exit, o well can't do anything if the price rallies against you, happy 7.7 pips
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I really would appreciate bigger moves btw. You can see my loosing trade for the day on the EJ chart (plain blue rainbow).

Update: Grrr I miss way too much trades whenever I post here

@denaro, I use 6-150 WMAs interval 6, And I look for good setups to enter The key in such "bad trading conditions" e.g. slow ranging market is not the entry it is the exit. As you can see I (try to) exit as early as possible and only grab a few pips.

Always watch out for a new trend, my loosing trade for instance is as can see a lower probability setup since it is in the mid of a downtrend.
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the same loss as your.
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Click to Enlarge Name: Screenshot 2007-09-26_09-39-57.jpg Size: 151 KB
Scalp Scalp Scalp.

Note: The first exit is too late for the market condition in my view.
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Quoting denaro
the same loss as your.
Yeah don't take that trade.

It is as I said a lower probability trade, Always find the new trends. If you want to take such setups use a 1-tick chart.
GBP NEWS - I can't believe I stayed awake for this. LOL
If you can only grab 0.7 pips you know it is time to go play some squash!
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Quoting Canyouseeme
If you can only grab 0.7 pips you know it is time to go play some squash!
That is the truth, this has been a dead cat news session, 30 minutes and still sitting here.

Time to sleep till NY open I guess, but you know once we leave the computer it takes off. LOL
GBP/USD-Beautiful move few minutes before GDP Final released from UK, Shame i didnt trade it .
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Canyouseeme

Update: Grrr I miss way too much trades whenever I post here

You are right, i missed two good opportunities while i was writing here. Its better to post here after trading, and better to fully concentrate on trading .
Quoting denaro
Canyouseeme

Update: Grrr I miss way too much trades whenever I post here

You are right, i missed two good opportunities while i was writing here. Its better to post here after trading, and better to fully concentrate on trading .
Or get a few monitors so you can enjoy both worlds. LOL
Pic says it all
Attached File(s)
File Type: doc GBP USD open 26 Sept 2007.doc   353 KB | 435 downloads
Quoting monarch
I can't believe I stayed awake for this. LOL
to take back what you give earlier perhaps ?
Quoting monarch
Or get a few monitors so you can enjoy both worlds. LOL

Hmmm, 5 sec rainbow is so quick, that sometimes is better not blinking .
Reminiscences of a Stock Operator by Edwin Leferve
about the life story of Jesse Livermore

If you havent read it you're lucky because you have a great pleasure awaiting you

Kid in the early 1900's who started scalping stocks at the age of 14 by mastering the early signs of a move from ticker tape reading ... very in line with what rainbow scalpers are trying to do... and a really good read too - see wiki for more
Attached File(s)
File Type: pdf jesse_livermore.pdf   502 KB | 548 downloads
Quoting Syafi
to take back what you give earlier perhaps ?
Actually I have only made one trade here since London open, and that was for a +7 pip gain, and that was my only trade.

I only take a few trades in a 24 hour period, and they have to be better then a small speck mark above a rainbow spine in order for entry, they have to have momentum from the 5 seconds and 30 second trend direction, along with my other charts up to my hourly chart.

I have 10 charts on my desktop going at one time, the 5 second is a great tool to see entry and exit, but I will never trade against a 30 second trend, that keeps us in profits a lot more.

Also, I watch the GJ on every move, which sometimes gives a sneak peak on what may happen on EJ, it usually leads the way on most moves by at least 3 seconds or so, but this is only my observation, which I would recommend to no one. LOL
First stop - Pips central -

Well like the title says I am finally starting to get my head around this. My only change is that I trdae the 5 min chart as I can't sit in front of the screen all day long. Damn work !!

I am able to check the charts sporadically. So 5 min is the man...

Thanks LT for for this great information.

My first trade is on the NZD/USD and currently 7.7 pips in the green

Thanks
Quoting monarch
Actually I have only made one trade here since London open, and that was for a +7 pip gain, and that was my only trade.

I only take a few trades in a 24 hour period, and they have to be better then a small speck mark above a rainbow spine in order for entry, they have to have momentum from the 5 seconds and 30 second trend direction, along with my other charts up to my hourly chart.

I have 10 charts on my desktop going at one time, the 5 second is a great tool to see entry and exit, but I will never trade against a 30 second trend, that keeps us in profits a lot more.

Also, I watch the GJ on every move, which sometimes gives a sneak peak on what may happen on EJ, it usually leads the way on most moves by at least 3 seconds or so, but this is only my observation, which I would recommend to no one. LOL
thanks for your tips, always useful to listen to what 1kt says

same way, if you're trading off 1min chart then looking at 5min for direction is helpful
"Nothing is unexplainable, Everything is mystery" W. Liquorman
Hello, still looking for some chatfriends to trade in a group and learn togethere.

Main pair. USD/JPY EUR/USD

Main session. England

I am from Germany.


THx


Mesage me.
Dear Linuxtroll,
Where do you apply to the the mentoring plan for the hopeless trader?
Money for nothin' and pips for free!
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Sputnik100