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Linuxtroll Simple Scalping

  • #2,001
  • Oct 1, 2007 8:24pm Oct 1, 2007 8:24pm
Quoting denaro
Hello Canyouseeme , thank for your answer. I really would like have entries like you, but i still dont have a good filter for them.I compared all my loosers with winners, and i found the best setup for me today . So now iam going to trade only one setup. I think it get me better results. Thank you Linuxtroll, i will be really pleased to watch your E and X points

Here are my afternooons trades
You are back on track now... Keep doing it...
  • #2,002
  • Oct 1, 2007 8:48pm Oct 1, 2007 8:48pm
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  • #2,003
  • Oct 1, 2007 8:50pm Oct 1, 2007 8:50pm
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  • #2,004
  • Oct 1, 2007 9:03pm Oct 1, 2007 9:03pm
Quoting jon7athan
Just a question, is anyone else using a zig zag indicator in combination with the rainbow?
I used another indicator with rainbow once. They shaved my head and
paraded me around the thread on a donkey. I don't recommend it.
BTW: Welcome!
  • #2,005
  • Oct 1, 2007 9:09pm Oct 1, 2007 9:09pm
Quoting linuxtroll
...
Many thanks for the >'s & X's!


Also: I'm reciting the Mantra over and over.
  • #2,006
  • Oct 1, 2007 9:10pm Oct 1, 2007 9:10pm
Quoting FXSurfer
I used another indicator with rainbow once. They shaved my head and
paraded me around the thread on a donkey. I don't recommend it.
BTW: Welcome!
LoL... We do not need any other indicator...
  • #2,007
  • Oct 1, 2007 9:58pm Oct 1, 2007 9:58pm
LT, I need help here!

I bought the book and have read it several times, I have spent many many hours of screen time and my trades are improving.

BUT - I do not understand most of your markings on the charts you posted above.

I can see the logic of the HP entry but I can't see why you would have taken most of the LPs.

And the Xs mostly seem to mark highs/lows. How can we know a high/low until AFTER it passes?

I know you want us to teach ourselves but the tuition can be expensive!

Could you please throw us some crumbs of your wisdom by explaining the reasoning behind some of those marks?

I love the concept BTW but it frustrates me at times! I am not sure if I am gaining skill or luck!
  • #2,008
  • Oct 1, 2007 10:13pm Oct 1, 2007 10:13pm
Ditto... Thanks LT

Quoting FXSurfer
Many thanks for the >'s & X's!


Also: I'm reciting the Mantra over and over.
  • #2,009
  • Oct 1, 2007 11:09pm Oct 1, 2007 11:09pm
Quoting underthehedge
LT, I need help here!

I bought the book and have read it several times, I have spent many many hours of screen time and my trades are improving.

BUT - I do not understand most of your markings on the charts you posted above.

I can see the logic of the HP entry but I can't see why you would have taken most of the LPs.

And the Xs mostly seem to mark highs/lows. How can we know a high/low until AFTER it passes?

I know you want us to teach ourselves but the tuition can be expensive!

Could you please throw us some crumbs of your wisdom by explaining the reasoning behind some of those marks?

I love the concept BTW but it frustrates me at times! I am not sure if I am gaining skill or luck!
Those are possible trades... Take only HPs as explained in the ebook... exits are explained too... remember h-lines? and time based exits? Now look at the charts again... LPs are for aggressive scalpers... Screen time is not expensive... You will gain skill and you will receive the version two within a day or so...
  • #2,010
  • Oct 1, 2007 11:11pm Oct 1, 2007 11:11pm
Quoting FXSurfer
Many thanks for the >'s & X's!


Also: I'm reciting the Mantra over and over.
Louder... I can not hear you... LoL
  • #2,011
  • Oct 1, 2007 11:31pm Oct 1, 2007 11:31pm
Quoting linuxtroll
Those are possible trades... Take only HPs as explained in the ebook... exits are explained too... remember h-lines? and time based exits? Now look at the charts again... LPs are for aggressive scalpers... Screen time is not expensive... You will gain skill...
Yes I remember and that is my point.

On the second chart, 4 of the Xs don't seem to fit any exit rules, And some of the LPs don't seem to have rules either.

Hence the confusion and frustration.
  • #2,012
  • Oct 2, 2007 12:44am Oct 2, 2007 12:44am
Quoting linuxtroll
Mantra #2; #6; #10; #15; #20; #22; #23 and #25... Read again... LoL
I've been practicing Mantra 15 on every stinking trade tonight.
Something's really not right.
  • #2,013
  • Oct 2, 2007 1:18am Oct 2, 2007 1:18am
Quoting underthehedge
Yes I remember and that is my point.

On the second chart, 4 of the Xs don't seem to fit any exit rules, And some of the LPs don't seem to have rules either.

Hence the confusion and frustration.
X fits well with exit rules when you scalp... as I said time based... or h-line...

Do not use LP until you get enough screen time and experience... That way you can avoid confusion and frustration... Just follow what was explained in the ebook and aim for 6 pips first...

I have added a couple of examples in LTSS-v2.0...
  • #2,014
  • Oct 2, 2007 1:30am Oct 2, 2007 1:30am
Quoting FXSurfer
I've been practicing Mantra 15 on every stinking trade tonight.
Something's really not right.
Douglas has explained #15 clearly... but do not over trade... practice it with lowest lot size until you get 90% hit rate... and then increase the lots (#3; #9)... and if the market is not good - do not scalp...
  • #2,015
  • Oct 2, 2007 1:37am Oct 2, 2007 1:37am
Quoting linuxtroll
and if the market is not good - do not scalp...
Thanks LT!
I just got 5 wins in a row. The difference seemed to be the liquidity
jump as registered on my spread meter. No more trying to trade
low liquidity for the Surfer.
  • #2,016
  • Oct 2, 2007 1:45am Oct 2, 2007 1:45am
Just came back from morning workout and grabbed some pips
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  • #2,017
  • Oct 2, 2007 2:27am Oct 2, 2007 2:27am
meh market is pretty much not moving.
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  • #2,018
  • Oct 2, 2007 2:31am Oct 2, 2007 2:31am
Hi prob trade on bearish market, but I still need to optimize my exit better--got out for 10.5. pk
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  • #2,019
  • Oct 2, 2007 3:28am Oct 2, 2007 3:28am
Hello, so today wonderful day . I am still practicing on perfect entries.
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  • #2,020
  • Oct 2, 2007 6:31am Oct 2, 2007 6:31am
Quoting denaro
Hello, so today wonderful day . I am still practicing on perfect entries.
Looks way better than your last ones.
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