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  • #2,201
  • Oct 9, 2007 10:47am Oct 9, 2007 10:47am
Quoting Syafi
Bruno , how to make this into oanda like chart ? with 5 minute / Vertical line ?
Do not know if I understand what you exactly need, but click right mouse button = properties = horizontal axis setting(vertical is not possible to change).
Wish you good trades
  • #2,202
  • Oct 9, 2007 11:15am Oct 9, 2007 11:15am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quote
I knew nothing of basic knowledge in chart analysis for example. Like that pdf that was posted about the peaks and troughs....

Very annoying to see that this stuff is what I should have known first before starting to practice the rainbow.
Hi PaleRainbow,

I get the feeling, from the thread, the eBook and questions that have been answered, that technical analysis may be of some use, but may actually hinder you as well. I think some basic TA can be useful. Such as support/resistance. Basically, very simple TA (which is not TA at all really). [Not knocking your Peak/Trough contribution Ed, very interesting read, was actually trying to spot examples of it today. M.]

I am taking LTs preachings to heart as well as I can. By doing this I have to try and ignore a lot of stuff I have read before. I am finding scalping very different to general price action and longer TFs.

This is only my second day practicing with the rainbow and already I can see an improvement. The reason for this? LTs advice of concentrating on one pair and only the Rainbow.

As I mentioned in a previous post, I am also making one hell of a lot of trades. This forces me to concentrate [although, it's not been confirmed by anyone that doing this is actually a good thing ]. I am noting down the pips for reference but am not trying to make a consistent number of pips, yet.

If I may quote LT:

"If you can learn to follow the Flame or price action, you will be many steps ahead of the game because price is faster than anything available for us. You may have heard the saying, "The only truth is the current price"... Once you accept this, your job as a scalper will become many times easier... This means ignoring news, opinions, and personal biases etc..."

I don't watch TV either. So we are both off to a good start. Hey, I don't even know what the NFP report is (seriously!). I do know that I should be cautious of its release though. The reason I don't know what it is, is that I don't need to know. If I did. I would. It's all in the price already!

Following the Rainbow, PaleRainbow...


Har det bra,

Magnus
  • #2,203
  • Oct 9, 2007 11:54am Oct 9, 2007 11:54am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Judging from everyones' screenshots, OandA time is dependant on where you live. I live in GMT area and it is in GMT for me. Searched around but can't figure/find out to confirm this. Can anyone atest to this? It is helpful to know when people post screenshots.

Also, is it common for OandA to freeze (charts updating, not application crash) after running for a while. I've never used OandA for charting and so have not had it open for any length of time. I have to re-connect every couple of hours. End up losing my pretty charts (usually have four open at once). I don't believe it is my connection - all other applications running fine. I am thinking it is the memory buffer allocated to the Java platform - the Rainbow must put it under some strain - 27 MAs.

What are people experiencing? Do I have to live with this?


Cheers,

Magnus
  • #2,204
  • Oct 9, 2007 11:59am Oct 9, 2007 11:59am
LT system is the best.
I play it very simple - Reversal of the spine until I see the purple waves, and breaking of previous resistance levels. We get the zero spread - and hop we jump in!
It works ridiculously well and it is so simple.
Long live Linuxtroll!
Money for nothin' and pips for free!
  • #2,205
  • Oct 9, 2007 12:07pm Oct 9, 2007 12:07pm
Quoting Yuppie
Hi PaleRainbow,

I get the feeling, from the thread, the eBook and questions that have been answered, that technical analysis may be of some use, but may actually hinder you as well. I think some basic TA can be useful. Such as support/resistance. Basically, very simple TA (which is not TA at all really). [Not knocking your Peak/Trough contribution Ed, very interesting read, was actually trying to spot examples of it today. M.]

I am taking LTs preachings to heart as well as I can. By doing this I have to try and ignore a lot of stuff I have read before. I am finding scalping very different to general price action and longer TFs.

This is only my second day practicing with the rainbow and already I can see an improvement. The reason for this? LTs advice of concentrating on one pair and only the Rainbow.

As I mentioned in a previous post, I am also making one hell of a lot of trades. This forces me to concentrate [although, it's not been confirmed by anyone that doing this is actually a good thing ]. I am noting down the pips for reference but am not trying to make a consistent number of pips, yet.

If I may quote LT:

"If you can learn to follow the Flame or price action, you will be many steps ahead of the game because price is faster than anything available for us. You may have heard the saying, "The only truth is the current price"... Once you accept this, your job as a scalper will become many times easier... This means ignoring news, opinions, and personal biases etc..."

I don't watch TV either. So we are both off to a good start. Hey, I don't even know what the NFP report is (seriously!). I do know that I should be cautious of its release though. The reason I don't know what it is, is that I don't need to know. If I did. I would. It's all in the price already!

Following the Rainbow, PaleRainbow...


Har det bra,

Magnus
Hey Magnus

Yes, I am aware of that reading too much of other things would be a minus. But the knowledge I have/had is actually very little. I jumped into the rainbow only trying to look after similar patterns. Not even knowing what the support/resistance thing was. lol

So I needed to see that about peaks and troughs to understand that the price line is actually acting in a certain way.

I have also found that I understand more when knowing real old classic information, than the new info. I loved the biography of Jesse Livermore who talk about tape-reading and his success and mistakes with it. Because its so old and classic.

Ah well.

Ha en god kveld
Pas a pas, se va lučnh
  • #2,206
  • Oct 9, 2007 12:07pm Oct 9, 2007 12:07pm
Quoting ltklev
Long live Linuxtroll!
Hear, hear!
  • #2,207
  • Oct 9, 2007 12:10pm Oct 9, 2007 12:10pm
Quoting Yuppie
Judging from everyones' screenshots, OandA time is dependant on where you live. I live in GMT area and it is in GMT for me. Searched around but can't figure/find out to confirm this. Can anyone atest to this? It is helpful to know when people post screenshots.

Also, is it common for OandA to freeze (charts updating, not application crash) after running for a while. I've never used OandA for charting and so have not had it open for any length of time. I have to re-connect every couple of hours. End up losing my pretty charts (usually have four open at once). I don't believe it is my connection - all other applications running fine. I am thinking it is the memory buffer allocated to the Java platform - the Rainbow must put it under some strain - 27 MAs.

What are people experiencing? Do I have to live with this?


Cheers,

Magnus
Yeah, the time is local for everyone on Oanda if they chose local time in preferences.

As for the chart problems on Oanda, yes its typical java. Java programs is known to be lagging and so on.

I am crossing fingers hoping that the EFXgroup will create a fabulous fast chart program. Because they used something else than java.
Pas a pas, se va lučnh
  • #2,208
  • Oct 9, 2007 12:21pm Oct 9, 2007 12:21pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quote
I loved the biography of Jesse Livermore who talk about tape-reading and his success and mistakes with it. Because its so old and classic.

Yeah, Livermore was the shiznit!!
  • #2,209
  • Oct 9, 2007 1:38pm Oct 9, 2007 1:38pm
Quoting Quick
Son of a bitch......

That's not even slightly fair. :
I remember someone saying on a forum (maybe this one) that they could come up with the perfect strategy if they just rewrote the code of their trading platform so that it puts in a buy order if you click the "SELL" button, and a sell order if you click the "BUY" button.
  • #2,210
  • Oct 9, 2007 2:28pm Oct 9, 2007 2:28pm
Quoting Yuppie
Also, is it common for OandA to freeze (charts updating, not application crash) after running for a while. I've never used OandA for charting and so have not had it open for any length of time. I have to re-connect every couple of hours. End up losing my pretty charts (usually have four open at once). I don't believe it is my connection - all other applications running fine. I am thinking it is the memory buffer allocated to the Java platform - the Rainbow must put it under some strain - 27 MAs.

What are people experiencing? Do I have to live with this?
I have the same problem with Oanda. I have contacted Oanda's support. They first suggested to increase Java memory heap size which did not help. Then they suggested to decrease the resolution of my monitor. I won't do that. Officially, multiple charts are not supported by Oanda FXTrade.

I do not maximize the windows and it somehow works but still need to restart the platform from time to time.

I have tried Ninja which is also crashing. Besides, when I load chart, it does not come with history. I need to wait till the history builds so that the MA's can be calculated.

Is there any free and reliable alternative capable of 5/30 sec. charts?
  • #2,211
  • Oct 9, 2007 2:40pm Oct 9, 2007 2:40pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting atomz
I have the same problem with Oanda. I have contacted Oanda's support. They first suggested to increase Java memory heap size which did not help. Then they suggested to decrease the resolution of my monitor. I won't do that. Officially, multiple charts are not supported by Oanda FXTrade.

I do not maximize the windows and it somehow works but still need to restart the platform from time to time.

I have tried Ninja which is also crashing. Besides, when I load chart, it does not come with history. I need to wait till the history builds so that the MA's can be calculated.

Is there any free and reliable alternative capable of 5/30 sec. charts?
I believe OandA charts are the best that we have just now - judging from the thread discussion up to this point.

I use OandA Desktop which allows me to just disconnect then re-connect when it stalls. Very quick. Still a hastle but saves re-starting the whole application.


Cheers,

Magnus
  • #2,212
  • Oct 9, 2007 3:01pm Oct 9, 2007 3:01pm
Quoting atomz
I have the same problem with Oanda. I have contacted Oanda's support. They first suggested to increase Java memory heap size which did not help. Then they suggested to decrease the resolution of my monitor. I won't do that. Officially, multiple charts are not supported by Oanda FXTrade.

I do not maximize the windows and it somehow works but still need to restart the platform from time to time.

I have tried Ninja which is also crashing. Besides, when I load chart, it does not come with history. I need to wait till the history builds so that the MA's can be calculated.

Is there any free and reliable alternative capable of 5/30 sec. charts?

I just reconnect every hour which is like 10 secs of time and then i am ready to scalp again. Dont see a problem with that.

Besides why would you scalp for more than an hour anyways ?
  • #2,213
  • Oct 9, 2007 3:14pm Oct 9, 2007 3:14pm
Quoting Canyouseeme
Besides why would you scalp for more than an hour anyways ?
If the market is slow during European session why not to scalp it during US session?
  • #2,214
  • Oct 9, 2007 3:38pm Oct 9, 2007 3:38pm
I don't have any (real) problems with the Oanda chart(s). After 6 hours or so I have to restart to free resources.

Quoting Canyouseeme
Besides why would you scalp for more than an hour anyways ?
Why shouldn't you?
  • #2,215
  • Oct 9, 2007 3:52pm Oct 9, 2007 3:52pm
To everyone having problems with oanda charts, what are your specs?

Im running a 2.16ghz Core Duo with 2gb RAM and I haven't had any trouble using the browser version.(the desktop version is slower for me, actually)

Also, if you are using the browser version, maybe try Firefox instead of IE?
  • #2,216
  • Oct 9, 2007 3:55pm Oct 9, 2007 3:55pm
I never had a problem with Oanda's charts except when I leave them on overnight (I don't bother trading GB/EU sessions) and it locks up about half the time.

I'm running Firefox 2.0.0.7 on a 2.1Ghz Dual-Core AMD64 with 2 GB of RAM.
  • #2,217
  • Oct 9, 2007 4:19pm Oct 9, 2007 4:19pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Pentium 4 2.8 with 1Gb RAM. Not too slow - certainly not bad enough to warrant OandA to stall every couple of hours.

Will give the Web-based one a shot again.
  • #2,218
  • Oct 9, 2007 4:57pm Oct 9, 2007 4:57pm
Quoting Yuppie
Pentium 4 2.8 with 1Gb RAM. Not too slow - certainly not bad enough to warrant OandA to stall every couple of hours.

Will give the Web-based one a shot again.
Not too long ago, I was running a Dell with only 512mb RAM and oanda was always crashing. I upgraded it to 1gb and the platform started reacting a little faster but still crashed all the time.

Then, I got my Mac and I haven't had any problems....I don't know if it was the extra RAM or because its a Mac LOL

RAM is pretty cheap on ebay...you could probably get a 1gb stick for $50-60.

Maybe LT knows the solution.

Also, check your connection...sometimes my wifi will "flash" in and out and oanda will crash, but restart itself.

Just some suggestions,
Nathan
  • #2,219
  • Oct 9, 2007 5:04pm Oct 9, 2007 5:04pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Thanks Nathan.

I think I will invest in some RAM at least. The multiple windows, bits of software, etc used in trading make even a half-decent set-up struggle.

With windows crashiness and those eye-candy Mac screenshots you keep feeding us I believe there may be a Mac convertee in the midst...


Cheers,

Magnus
  • #2,220
  • Oct 9, 2007 5:25pm Oct 9, 2007 5:25pm
Quoting Yuppie
Thanks Nathan.

I think I will invest in some RAM at least. The multiple windows, bits of software, etc used in trading make even a half-decent set-up struggle.

With windows crashiness and those eye-candy Mac screenshots you keep feeding us I believe there may be a Mac convertee in the midst...


Cheers,

Magnus
LOL I'm not sure how long you have been trading but before you buy a Mac, make sure that LT's method is what you want to do or make sure that what you want to do will work with oanda's charts.

The only platforms that run on a Mac(that I am aware of) are oanda, currenex, and dukascopy....all browser based.

For charts, the only options are oanda or prorealtime.com(paid). Also, I think GFT has a browser based platform as well but who likes GFT LOL.

My point being that you don't want to go get a Mac and then realize that if you want to run the MB Navigator(Omega might change this), or MT4, etc. you will have to get Parallels or VMWare to run windows...which defeats the purpose of buying a Mac(if you're only getting it for trading...I also do photoshop work/music/film stuff which was my main reason to switch)

With my setup though, I'm able to run oanda with 3 charts open, taking up the whole screen and I also run MB in Parallels(windows) all at the same time without any issues.
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