- #2,144
- Oct 7, 2007 12:02am Oct 7, 2007 12:02am
- | Commercial User | Joined Mar 2004 | 1,255 Posts
everyone knows how cold it gets in Canada...I bet it's very hard to play golf when the balls are frozen ( golfing balls ).
No frozen balls here yet: http://www.theweathernetwork.com/weather/CAON0441
and we have winter golfing: http://www.golf-ontario.com/camisle.htm
Some pictures: http://www.camislegolf.com/Winter.htm
- #2,145
- Oct 7, 2007 1:31am Oct 7, 2007 1:31am
There is a chance for you to move to Malaysia to keep the balls warm... LoL
No frozen balls here yet: http://www.theweathernetwork.com/weather/CAON0441
and we have winter golfing: http://www.golf-ontario.com/camisle.htm
Some pictures: http://www.camislegolf.com/Winter.htm
Speaking of golfing... last week I went to do some shopping with my g/f...the idea was - 10 minutes in the store and we are out... well, I got stuck in that place for more then 3 hours...while she was trying on every freaking dress,skirt, jacket and the rest i dont know what. so, to kill some time I decided to play golf on my cell phone.. the game is colorful and has this little sounds pari--pam-pam ,so I thought I'll have a fun..but boy I was wrong...u got to select right clubs, alter angle of a shot, select power of a shoot, there is a wind speed... the sand, tall grass and water all over the place and if u got ur ball there u are screwed big time..I even tried to swing like a Moe... Tiger Woods swings didn't help ether.....very frustrating experience...I almost broke that little thing..so people, if u think trading is hard - try to play golf on ur cell phone.
- #2,146
- Oct 7, 2007 11:12am Oct 7, 2007 11:12am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Hey Guys (and Girls),
You have another rainbow follower. Want to say hello
and thank LinuxTroll and everyone else for this thread. Have gone through it steadily the last 48 hours (-4 hours for some sleep), as well as checking out all related links and material scattered through the thread. Also did a lot of searching of the interweb for any other resources for this method. This is by far the greatest resource though!!
Read through the eBook this morning - some real gems in there.
Have a few question that I will ask in the next few posts. Thought I would at least show you that I have done some homework before asking any questions (especially with my virtually non-existent post count). Something rather irritating when a thread with some good flow is stunted with moronic questions from someone who is too lazy to read past post #1 [please excuse mini-rant]. I don't think any thread is immune from this though...
Some of the things I found particularly useful:
- 25 Points Mantra by Zalesky
- Screenshots of trades taken [especially when accompanied with reasons for taking the trade]
- Related thread: Rainbow Patterns/Observations by nhallmark (thank you nhallmark
)
Having seen the evolution of this thread I really hope it continues to grow. However, my thinking is that it will be somewhat limited - for one reason only - and that is scalpers (both active and aspiring) are in the minority. But hey, maybe LinuxTroll is about the change all that
Now, as a somewhat well known poster here says, charge on...
Magnus
You have another rainbow follower. Want to say hello
and thank LinuxTroll and everyone else for this thread. Have gone through it steadily the last 48 hours (-4 hours for some sleep), as well as checking out all related links and material scattered through the thread. Also did a lot of searching of the interweb for any other resources for this method. This is by far the greatest resource though!!Read through the eBook this morning - some real gems in there.
Have a few question that I will ask in the next few posts. Thought I would at least show you that I have done some homework before asking any questions (especially with my virtually non-existent post count). Something rather irritating when a thread with some good flow is stunted with moronic questions from someone who is too lazy to read past post #1 [please excuse mini-rant
]. I don't think any thread is immune from this though...Some of the things I found particularly useful:
- 25 Points Mantra by Zalesky
- Screenshots of trades taken [especially when accompanied with reasons for taking the trade]
- Related thread: Rainbow Patterns/Observations by nhallmark (thank you nhallmark
)Having seen the evolution of this thread I really hope it continues to grow. However, my thinking is that it will be somewhat limited - for one reason only - and that is scalpers (both active and aspiring) are in the minority. But hey, maybe LinuxTroll is about the change all that
Now, as a somewhat well known poster here says, charge on...
Magnus
- #2,147
- Oct 7, 2007 12:00pm Oct 7, 2007 12:00pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Hey Guys (and Girls),
You have another rainbow follower. Want to say hello
Read through the eBook this morning - some real gems in there.
Have a few question that I will ask in the next few posts. Thought I would at least show you that I have done some homework before asking any questions (especially with my virtually non-existent post count). Something rather irritating when a thread with some good flow is stunted with moronic questions from someone who is too lazy to read past post #1 [please excuse mini-rant
Some of the things I found particularly useful:
- 25 Points Mantra by Zalesky
- Screenshots of trades taken [especially when accompanied with reasons for taking the trade]
- Related thread: Rainbow Patterns/Observations by nhallmark (thank you nhallmark
Having seen the evolution of this thread I really hope it continues to grow. However, my thinking is that it will be somewhat limited - for one reason only - and that is scalpers (both active and aspiring) are in the minority. But hey, maybe LinuxTroll is about the change all that
Now, as a somewhat well known poster here says, charge on...
Magnus
- #2,148
- Oct 7, 2007 12:33pm Oct 7, 2007 12:33pm
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Now, having read the thread over a [relatively] short period of time, I have been able to see how thoughts and methods have changed and evolved.
The thread started with a number of people trading on 1-minute charts. I now observe that most people are on 30-second charts maximum, but mainly 5-second and tic.
Taking into account the eBook content, I would like to hear some of your thoughts on this; who has changed TFs? Why? etc. I ask this as I am curious about the shift that has occurred.
Why am I so curious? Well, people were posting some very nice trades with 30-40+ pip gains, giving excellent R:R. Just now there seems to be a consensus on far smaller gains <10 pips. This, I am assuming, has to do with the use of lower TFs. R:R appears to be not so good for individual trades, but over the long run, with high probability trades, the lower R:R on smaller TFs may prove to win out. Ikke sikkert? (threw that in for the Norwegians we have here - litteral translation: 'Not true?').
A small theory here:
Has LinuxTroll purposely started on slightly larger TFs on this thread so as not to scare anyone off initially? Maybe this was not the case and I am reading into this too much, but it appears that there may have been a gradual induction of the smaller TFs since the beginning of the thread, up until now. Maybe this is just the natural evolution of this thread, or maybe LinuxTroll is a little more devious than the initial impression conveys. Maybe he knew smaller TFs would win out once people tried them. Maybe smaller TFs haven't won out - will just have to see how people progress... (my apologies to you LinuxTroll if I have assumed anything about you that you find offensive -
)
Go on, give us your thoughts people...
Magnus
The thread started with a number of people trading on 1-minute charts. I now observe that most people are on 30-second charts maximum, but mainly 5-second and tic.
Taking into account the eBook content, I would like to hear some of your thoughts on this; who has changed TFs? Why? etc. I ask this as I am curious about the shift that has occurred.
Why am I so curious? Well, people were posting some very nice trades with 30-40+ pip gains, giving excellent R:R. Just now there seems to be a consensus on far smaller gains <10 pips. This, I am assuming, has to do with the use of lower TFs. R:R appears to be not so good for individual trades, but over the long run, with high probability trades, the lower R:R on smaller TFs may prove to win out. Ikke sikkert? (threw that in for the Norwegians we have here - litteral translation: 'Not true?').
A small theory here:
Has LinuxTroll purposely started on slightly larger TFs on this thread so as not to scare anyone off initially? Maybe this was not the case and I am reading into this too much, but it appears that there may have been a gradual induction of the smaller TFs since the beginning of the thread, up until now. Maybe this is just the natural evolution of this thread, or maybe LinuxTroll is a little more devious than the initial impression conveys. Maybe he knew smaller TFs would win out once people tried them. Maybe smaller TFs haven't won out - will just have to see how people progress... (my apologies to you LinuxTroll if I have assumed anything about you that you find offensive -
)Go on, give us your thoughts people...
Magnus
- #2,149
- Oct 7, 2007 1:03pm Oct 7, 2007 1:03pm
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Thanks for the good words... Scalpers are not minority... Most of them do not tell you... but they are all making money - more and more... Market Makers are scalpers too... More scalping tools are coming into the market everyday (for example a new generation tool with new thinking - buttontrader) LoL
Just checking out the link just now...
You said something earlier in the thread that really struck a chord with me and have been thinking about it a lot in the grander scheme of things...
I was going to try and paraphrase but managed to find it throught a search of the thread (VERY handy feature that!):
Post #1449
and in 2-3 years better tools; lower commission/spread; high liquidity providers etc available too... we are here in the right place at the right time... Once you know how to scalp with high probability - no one can take that skill away from you and no one can stop you from making money... I know several of my Rainbow scalpers started with 300 USD and doing extremely well...
Combine the timing of LinuxTroll on this forum, with his method, and another one of his posts:
Post #923
I posted CyroxMMA (Rainbow) many years ago and many smart people are using it now and some hit the millions scalping ForEx using Rainbow...
Magnus
Now, having read the thread over a [relatively] short period of time, I have been able to see how thoughts and methods have changed and evolved.
The thread started with a number of people trading on 1-minute charts. I now observe that most people are on 30-second charts maximum, but mainly 5-second and tic.
Taking into account the eBook content, I would like to hear some of your thoughts on this; who has changed TFs? Why? etc. I ask this as I am curious about the shift that has occurred.
Why am I so curious? Well, people were posting some very nice trades with 30-40+ pip gains, giving excellent R:R. Just now there seems to be a consensus on far smaller gains <10 pips. This, I am assuming, has to do with the use of lower TFs. R:R appears to be not so good for individual trades, but over the long run, with high probability trades, the lower R:R on smaller TFs may prove to win out. Ikke sikkert? (threw that in for the Norwegians we have here - litteral translation: 'Not true?').
A small theory here:
Has LinuxTroll purposely started on slightly larger TFs on this thread so as not to scare anyone off initially? Maybe this was not the case and I am reading into this too much, but it appears that there may have been a gradual induction of the smaller TFs since the beginning of the thread, up until now. Maybe this is just the natural evolution of this thread, or maybe LinuxTroll is a little more devious than the initial impression conveys. Maybe he knew smaller TFs would win out once people tried them. Maybe smaller TFs haven't won out - will just have to see how people progress... (my apologies to you LinuxTroll if I have assumed anything about you that you find offensive -
Go on, give us your thoughts people...
Magnus
(well besides the integration of 1-tick into the trading).You can take the 30-40 pip moves with 5 sec charts, but as far as most of my charts go, I just don't post the biggies. Dunno mostly they are just high probability setups and no fun to trade
WHenever I post the 2-10 pip trades the R:R is usually close to 1 and probability is sth like 80%+ obv, the smaller the pip gain the larger my position is most of the time.
- #2,151
- Oct 7, 2007 3:10pm Oct 7, 2007 3:10pm
Thanks for the good words... Scalpers are not minority... Most of them do not tell you... but they are all making money - more and more... Market Makers are scalpers too... More scalping tools are coming into the market everyday (for example a new generation tool with new thinking - buttontrader) LoL
- #2,152
- Oct 7, 2007 4:18pm Oct 7, 2007 4:18pm
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Oh well as linuxtroll started out he sugested 5 sec right away! That is what I traded from the beginning and it never changed
You can take the 30-40 pip moves with 5 sec charts, but as far as most of my charts go, I just don't post the biggies. Dunno mostly they are just high probability setups and no fun to trade
WHenever I post the 2-10 pip trades the R:R is usually close to 1 and probability is sth like 80%+ obv, the smaller the pip gain the larger my position is most of the time.
Good to know where the bar is set - that way you know where it is when it's time to raise it up another level...
Magnus
- #2,153
- Oct 7, 2007 6:40pm Oct 7, 2007 6:40pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
Thanks CYSM... Very interesting... Being the natural skeptic that I am it is good to get a consensus of what is being achieved by people who trade [especially live] a particular method. All well and good with LT telling (and showing) us what is achievable; he has demonstrated his experience. Finding out what others, new to a particular method, are finding is helpful in this respect.
Good to know where the bar is set - that way you know where it is when it's time to raise it up another level...
Magnus
- #2,154
- Oct 7, 2007 7:45pm Oct 7, 2007 7:45pm
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
I'm hearin' ya LT, I'm hearin' ya bro! Have been watching the ButtonTrader demonstrations. Nice. Very nice.
Going by the general consensus and posts here I get the impression most people are trading EUR/JPY - makes sense, recommended by LT. Anyone been using correlations for sniper-like entries/exits. Take a look at the picture...
...if you're long on GBP/JPY - EUR/JPY gives you an almost perfect exit point.
Still adhering to the mantra of specialization on the same setups on the same pair, the use of a highly correlated pair to give a heads-up on entries/exits/failed setups seems somewhat appealing.... Some more research on this...
Being my own devils' advocate here but perhaps this might actually be detrimental to the specialization of one pair (getting you out too soon, conflicting signals/etc etc.)?
LinuxTroll, how does your experience sit with this? I'm still checking it out so maybe it's 50/50 and not of much benefit... ...but maybe it gives us yet another small edge
Magnus
Going by the general consensus and posts here I get the impression most people are trading EUR/JPY - makes sense, recommended by LT. Anyone been using correlations for sniper-like entries/exits. Take a look at the picture...
...if you're long on GBP/JPY - EUR/JPY gives you an almost perfect exit point.
Still adhering to the mantra of specialization on the same setups on the same pair, the use of a highly correlated pair to give a heads-up on entries/exits/failed setups seems somewhat appealing.
... Some more research on this...Being my own devils' advocate here but perhaps this might actually be detrimental to the specialization of one pair (getting you out too soon, conflicting signals/etc etc.)?
LinuxTroll, how does your experience sit with this? I'm still checking it out so maybe it's 50/50 and not of much benefit... ...but maybe it gives us yet another small edge
Magnus
- #2,155
- Oct 7, 2007 8:20pm Oct 7, 2007 8:20pm
- | Commercial User | Joined Mar 2004 | 1,255 Posts
I'm hearin' ya LT, I'm hearin' ya bro! Have been watching the ButtonTrader demonstrations. Nice. Very nice.
Going by the general consensus and posts here I get the impression most people are trading EUR/JPY - makes sense, recommended by LT. Anyone been using correlations for sniper-like entries/exits. Take a look at the picture...
...if you're long on GBP/JPY - EUR/JPY gives you an almost perfect exit point.
Still adhering to the mantra of specialization on the same setups on the same pair, the use of a highly correlated pair to give a heads-up on entries/exits/failed setups seems somewhat appealing.
Being my own devils' advocate here but perhaps this might actually be detrimental to the specialization of one pair (getting you out too soon, conflicting signals/etc etc.)?
LinuxTroll, how does your experience sit with this? I'm still checking it out so maybe it's 50/50 and not of much benefit... ...but maybe it gives us yet another small edge
Magnus
Scalp what you see... Keep it simple and smart... Hope I answered your question... Ikke tvil om det...
- #2,156
- Oct 8, 2007 1:16am Oct 8, 2007 1:16am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
- #2,159
- Oct 8, 2007 3:42am Oct 8, 2007 3:42am
This means ignoring news, opinions, and personal biases etc...
one more... This one thing has helped me more than anything else. I used to browse around and read FF all the time and I was always trying to scalp based on "oh, well the subprime crisis, etc."
I remember last month's NFP...came out at -4K. The next week I was expecting the JPY pairs to drop because of that...all sunday night, they kept shooting up and I made 0.5 pips the whole night waiting for it to drop because "it should" LOL
Now, I "unbookmarked" bloomberg and I don't read anything on FF other than this thread or the joke threads and I'm doing a lot better.
Thanks LT
- #2,160
- Oct 8, 2007 8:36am Oct 8, 2007 8:36am
Indicators are to Price as Newspapers are to Bloomberg.