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Linuxtroll Simple Scalping

  • #2,101
  • Oct 4, 2007 8:03am Oct 4, 2007 8:03am
Hello all,

Below is the photo of my demo trades today so far. All taken in the direction of the 30 sec chart. You might notice that all of them were limit orders. I basically waited for a spike down, and a halt or a retrace, then placed my order below H line with a tp of 3 pips. I figure that if I can take a few 3 pip trades, then I should be able to get consistent winners.

Canyouseme, LT and all others that are trading rainbow and getting good results, I would really be grateful for your feedback.

EDIT: Funny that I took another trade short for a tp of 3 pips after I took this photo, and the thing ran about 15 pips in my favour. Oh well, good sign, as it means I am getting the direction right eary on.

Regards,
K.
Attached Image (click to enlarge)
Click to Enlarge Name: 041007.JPG Size: 102 KB
  • #2,102
  • Oct 4, 2007 8:28am Oct 4, 2007 8:28am
Quoting Canyouseeme
7 more pips in a slower market
Canyouseeme, could you please post whole charts, so that we can see the price and spine formation how it looked like before you took the trade. It cannot be seen from the narrow strip you post. Thanks.
  • #2,103
  • Oct 4, 2007 9:25am Oct 4, 2007 9:25am
Hua,


After 100 hours of screen time I had my first AHA day today.
I have raid the rainbow as a pip taliban,LOL, saved my first demo account from distraction and I have my first profitable day.
I have made a bucket of monopoly mooney.LOL
Huraaaaaa !

Rainbow rocks!!!!!!!!!!

Basil
Learn something difficult and earn real money for ever, a lot.
  • #2,104
  • Oct 4, 2007 9:32am Oct 4, 2007 9:32am
Can anyone tell me the email address from which the e-book is sent after an order is placed? It's been over 24 hours since I ordered it for my wife and it's not even in my junk folder.
  • #2,105
  • Oct 4, 2007 9:43am Oct 4, 2007 9:43am
Looks like I'm still a bit trigger happy with my exits. The flame broke the resistance around 164.453, then I waited for it to retrace a couple pips (thanks for the suggestion, Syafi!) and I entered. There was no real reason for my exit other than the fact that I was 3.8 pips in profit and decided to lock it in. Comments and suggestions welcome as always.

Update: In case anyone is wondering, I'm trading with five minute time intervals on my chart. Here I just zoomed in afterwards in order to give a better screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.JPG Size: 78 KB
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #2,106
  • Oct 4, 2007 10:59am Oct 4, 2007 10:59am
today most of my scalp is bad.. so i keep quite .......

its bad because my mind has been poisoned with Sell at top buy at bottom mindset........
so its not rainbow scalping .... my bad....
  • #2,107
  • Oct 4, 2007 11:07am Oct 4, 2007 11:07am
Quoting Quick
Looks like I'm still a bit trigger happy with my exits. The flame broke the resistance around 164.453, then I waited for it to retrace a couple pips (thanks for the suggestion, Syafi!) and I entered. There was no real reason for my exit other than the fact that I was 3.8 pips in profit .....
wait for the flame to break H line to exit ... exit before it retrace .. 2-3 pip extra for free.
  • #2,108
  • Oct 4, 2007 12:04pm Oct 4, 2007 12:04pm
Quoting atomz
Canyouseeme, could you please post whole charts, so that we can see the price and spine formation how it looked like before you took the trade. It cannot be seen from the narrow strip you post. Thanks.
Well sure I could but to be honest you dont need that.( Since there is nothing you could see before my trades or at least the ones I post here -> spine is as flat almost always).

Still I will try to cut out some bigger parts for the next screenies (my laptop usually doesn't let me save the whole chart due to memory issues ) .
  • #2,109
  • Oct 4, 2007 12:35pm Oct 4, 2007 12:35pm
Quoting dominicanosrus
Can anyone tell me the email address from which the e-book is sent after an order is placed? It's been over 24 hours since I ordered it for my wife and it's not even in my junk folder.

Mine came from : [email protected]
  • #2,110
  • Oct 4, 2007 12:45pm Oct 4, 2007 12:45pm
Quoting FXFlash52
Mine came from : [email protected]
Now I found it. It was in my junk. Thanks.
  • #2,111
  • Oct 4, 2007 1:12pm Oct 4, 2007 1:12pm
Quoting dominicanosrus
Now I found it. It was in my junk. Thanks.
expensive junk you got there (expensive and valuable )
  • #2,112
  • Oct 4, 2007 3:30pm Oct 4, 2007 3:30pm
Quoting Canyouseeme
Good guess on the second one
and when the market is slow we can guess/scalp of 30 sec chart instead of 5 sec... and c/z there is more time we can guess/trade more pairs.... more positions...more pips..

open positions, will close them all before i'll go to eat.


EDIT: but I forgot...it's not what LT wants us to do... and he's right..we should concentrate on one pair and take HP trades only..
Attached Image
  • #2,113
  • Oct 4, 2007 4:29pm Oct 4, 2007 4:29pm
Quoting Neznaika
and when the market is slow we can guess/scalp of 30 sec chart instead of 5 sec... and c/z there is more time we can guess/trade more pairs.... more positions...more pips..

open positions, will close them all before i'll go to eat.


EDIT: but I forgot...it's not what LT wants us to do... and he's right..we should concentrate on one pair and take HP trades only..
Way to go... If 30 sec talks to you, do not change it... Use whatever works well for you... Make Millions... Multi-Millions...
  • #2,114
  • Oct 4, 2007 8:03pm Oct 4, 2007 8:03pm
Hi guys, I've been using the rainbow on 1 minute charts on MT4. Ive a demo a/c with Oanda. Is there a template for Oanda or do I plug the wma's in myself?
thanks.
FF journal: Peaks and Troffs
  • #2,115
  • Oct 4, 2007 8:19pm Oct 4, 2007 8:19pm
Quoting bogus
Hi guys, I've been using the rainbow on 1 minute charts on MT4. Ive a demo a/c with Oanda. Is there a template for Oanda or do I plug the wma's in myself?
thanks.

I just entered them myself. It takes about 5 minutes or so.
  • #2,116
  • Oct 4, 2007 8:37pm Oct 4, 2007 8:37pm
Cheers, just done it. What do you set the price to? OHLC?
Thanks
FF journal: Peaks and Troffs
  • #2,117
  • Oct 4, 2007 8:38pm Oct 4, 2007 8:38pm
after you enter them, save the template on oanda...
  • #2,118
  • Oct 4, 2007 8:43pm Oct 4, 2007 8:43pm
Thanks. How do you save the template? is it done automatically?
FF journal: Peaks and Troffs
  • #2,119
  • Oct 4, 2007 9:04pm Oct 4, 2007 9:04pm
Try this...
Attached Image
  • #2,120
  • Oct 4, 2007 9:20pm Oct 4, 2007 9:20pm
Thanks, I'd opened a separate window so I guess Ill have to do it again:
FF journal: Peaks and Troffs
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