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Linuxtroll Simple Scalping

Quoting underthehedge
LT, I need help here!
.............
I know you want us to teach ourselves but the tuition can be expensive!

....
Very cheap tuition fees

and I got 5 cent too for taking the LP trade...... it went down another 10 pip but i had fix TP at 6 pip ...... there ..

ahh yes MBT took 2 cent for commission
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Quoting underthehedge
LT, I need help here!

..............
And the Xs mostly seem to mark highs/lows. How can we know a high/low until AFTER it passes?
.........
high & Low, its quite easy to notice them.. They come down fast then Halt..for half sec. then they go back up... when they halt, exit.

They shoot high then halt, then they continue, up or down... you can exit there.

you can always stay a while longer if you believe it due for more movement.
Thanks for the upgrade LT!


Also: Yesterday was quite interesting. It was the first time that I
noticed a clear difference in trading in "good" and "bad" market
conditions. Needless to say good conditions produced good trades.
This seems to be the main trade filter needed to make the method
work really well. Filtering out, by recognizing and staying out of, relatively
inactive market periods is my task at hand.

Edit: I realize that scalping pips all day long, in just about any market condition,
is possible too using the rainbow. But, not for me quite yet!
V2 .........
Quoting monarch
On the blue rainbow, what is the LWMA's?

POST 1963

Thanks, Ken
most probably 10-240wma, it was not my chart originally
"Nothing is unexplainable, Everything is mystery" W. Liquorman
Hi All,

Is anyone using this method on a 15minute to 1hr chart?...LT did write at the start of this thread that it can be used on any timeframe, with a sample chart of the 3hr.......Would the entry be based on the H/V lines like the 5 sec chart?
I am based in the UK, using a market maker and the speed of the movt means I can be killed by slippages and requotes.....using the 5 seconds chart.

Thanks in advance
Quoting ltklev
my mom read it ... and she thinks it's absolutely crap...
and don't be mistaken, my mom is a very successful person.
plus the author looks a bit like a wacko.
as i already mentioned before - secret is hard work,correct choices,determination and so on. u dont need no book for that.
the only book that really enlightened me was "rich dad, poor dad". don't waste your time on bullshit.

now back to our topic - linuxtroll, do you enter trades when price pullback into the wma's? or do you just trade the reversal?

have a good day.
and remember - taxi driver must die!!! :surprised
it's all subjective
"rich dad, poor dad" sounds like crap to me, but it surely is a goldmine for its author
thanks lt for the update
"Nothing is unexplainable, Everything is mystery" W. Liquorman
Quoting Horsemouth
Hi All,

Is anyone using this method on a 15minute to 1hr chart?...LT did write at the start of this thread that it can be used on any timeframe, with a sample chart of the 3hr.......Would the entry be based on the H/V lines like the 5 sec chart?
I am based in the UK, using a market maker and the speed of the movt means I can be killed by slippages and requotes.....using the 5 seconds chart.

Thanks in advance
Use Oanda and you will have no problems with 5 sec.

If you still beleive you have to move up a time frame go with 1m! You can trade 1m rainbow with about any broker and spreads like 5 pips on ej.
Quoting Horsemouth
Hi All,

Is anyone using this method on a 15minute to 1hr chart?...LT did write at the start of this thread that it can be used on any timeframe, with a sample chart of the 3hr.......Would the entry be based on the H/V lines like the 5 sec chart?
I am based in the UK, using a market maker and the speed of the movt means I can be killed by slippages and requotes.....using the 5 seconds chart.

Thanks in advance
You can see some really good entry points on a 5 min chart. But , just giving my Oanda chart a quick look-through on the 5, it seems that you have to be patient, as you may get one or two an hour.

Hope this helps.
V2 .........

Thanks LT
Quoting eyecelll
most probably 10-240wma, it was not my chart originally
That was the original LWMA's I was using, I will try that, Thanks bro.

Ken
Quoting chaveznqoos
V2 .........

Thanks LT
Is it ready yet? LT, I'm waiting for this version to train my wife; but I still won't forget your offer to have your wife train mine when you visit Miami! LoL!
Quoting FXSurfer
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.
Hey FXSurfer, can you explain more of what you mean by liquidity registered by the spread meter? Thanks!
I came, I saw, I conquered [your pips]. -- Julius Caesar
Quoting dominicanosrus
Is it ready yet? LT, I'm waiting for this version to train my wife; but I still won't forget your offer to have your wife train mine when you visit Miami! LoL!
Did not you receive it yet? Check your inbox or spam box... LoL
Got mine today and it really is new and improved with more additives to built strong scalpers so they trade less and earn more.
Some reasons why I like this method :
1. It's damn simple.
2. It's working good (when taking high probability trades).
3. The creator doesn't surrender to demands like "you know, the xxi indicator will make it a 99.9% accurate" , "you must add trendlines, gann lines, momentum and etc.". The original system has never changed. Which makes it kinda easy to follow the thread without each page having a better suggestion how to refine the system,until you get lost with 100 indicators.
4. It is an eye candy (The rainbow is a beautiful thing to watch, especially when moving smoothly).
5. Suits scalpers like a glove!

This and more are the reasons why I like this method so much. Thank you LT.
Money for nothin' and pips for free!
Quoting ltklev
Some reasons why I like this method :
1. It's damn simple.
2. It's working good (when taking high probability trades).
3. The creator doesn't surrender to demands like "you know, the xxi indicator will make it a 99.9% accurate" , "you must add trendlines, gann lines, momentum and etc.". The original system has never changed. Which makes it kinda easy to follow the thread without each page having a better suggestion how to refine the system,until you get lost with 100 indicators.
4. It is an eye candy (The rainbow is a beautiful thing to watch, especially when moving smoothly).
5. Suits scalpers like a glove!

This and more are the reasons why I like this method so much. Thank you LT.
You got it... Charge on... Make millions... Multi...
The 2nd hour after Tokyo open. All winning trades were taken in the direction of the 30second chart.
http://img230.imageshack.us/img230/3/linux20fo4.th.png
Quoting Quick
Hey FXSurfer, can you explain more of what you mean by liquidity registered by the spread meter? Thanks!
Hi Quick and Welcome!

There are discussions on this around these parts of the thread:

Quoting linuxtroll
They do have spreads <= 0... during active market times... adjust your spread meter values...

Quoting linuxtroll
Adjust the spread meter to show green when spread is less than zero and watch how many times you get green...
Man, this thread is long now!
http://www.forexfactory.com/showthread.php?t=49879
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