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  • #2,241
  • Oct 10, 2007 8:22am Oct 10, 2007 8:22am
Quoting Yuppie
p.s. OandA has been running for 12, yes 12, hours on my computer without a single interruption - and still going. Two changes: 1) I only have two additional charts running; and 2) Have not touched the computer at all, using it for display purposes only.
Try to maximize and minimize the windows, open trade, modify, maximize, minimize...

Quoting Yuppie
p.p.s. I am finding OandA (live, not demo) is lagging a bit behind NT with MB feed when there is a small jump in price. Noticed there is conflicting views on this and thought I would add my experience with it.
Do you watch average price on NT?
  • #2,242
  • Oct 10, 2007 8:33am Oct 10, 2007 8:33am
Quoting Yuppie
p.p.s. I am finding OandA (live, not demo) is lagging a bit behind NT with MB feed when there is a small jump in price. Noticed there is conflicting views on this and thought I would add my experience with it.
Today when the price raise to 239.90....... oanda shows 239.68....... in its live chart......... no it didnt freeze.. it was moving around that price.

Ninja trader......... I use it for tick chart, and to get the real price i am tradig on EFX/MBT but cant use the Dom because it wont allow me to trade less then a lot as with MBT Navigator would.
  • #2,243
  • Oct 10, 2007 8:40am Oct 10, 2007 8:40am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quote
Try to maximize and minimize the windows, open trade, modify, maximize, minimize...
Maybe I am a bit slow here, but I was saying that OandA is working fine. I am not sure what you were implying these actions would do for me.

Quote
Do you watch average price on NT?
I'm watching the bid/ask.

For example, average price on OandA=***.05 and bid/ask on NT=04/06.

Price then jumps to 03/03 on NT (sometimes a greater price gap though).

Around 1-2 seconds later (sometimes) OandA comes down to 03 average.

This is only from a few hours of observing so not good evidence I know.


Thanks atomz,

Magnus

[I see Syafi has just given a nice example above...]
  • #2,244
  • Oct 10, 2007 9:24am Oct 10, 2007 9:24am
Quoting Yuppie
Maybe I am a bit slow here, but I was saying that OandA is working fine. I am not sure what you were implying these actions would do for me.
I was referring to your previous post.
Quoting Yuppie
2) Have not touched the computer at all, using it for display purposes only.
If you will give FXTrade (with more rainbow charts opened) some load it will crash. It has nothing to do with spyware or firewall settings...

I have been using FXTrade in single window mode for one year without any problem. FXTrade crash when opening more windows with multiple indicators (rainbow), mainly on large displays.

The multiple chart feature is not currently released on FXTrade. The problem could be a result of Java Virtual Machine running out of memory. (Oanda support)

Increasing the memory allocation does not help though.

Quoting Yuppie
I'm watching the bid/ask.

For example, average price on OandA=***.05 and bid/ask on NT=04/06.

Price then jumps to 03/03 on NT (sometimes a greater price gap though).

Around 1-2 seconds later (sometimes) OandA comes down to 03 average.

This is only from a few hours of observing so not good evidence I know.


Thanks atomz,

Magnus

[I see Syafi has just given a nice example above...]
I cannot really comment. I do not know what time is Syafi referring. In example, eSignal could show different price, IB too. Anyway, it is hard to say which price was correct at that time.
  • #2,245
  • Oct 10, 2007 9:49am Oct 10, 2007 9:49am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quote
I was referring to your previous post.
Ok, I am up to speed now.

Quote
I have been using FXTrade in single window mode for one year without any problem. FXTrade crash when opening more windows with multiple indicators (rainbow), mainly on large displays.
I believe this is the problem. I have had two charts running on 1.7Ghz Centrino laptop with 512Mb RAM for hours now and it has been fine. For me, I think the limit is two charts with OandA before it gets a bit too much for it.

Two is fine by me though. 5-sec, 30-sec, and any bigger and I can always open Metatrader.


Magnus
  • #2,246
  • Oct 10, 2007 10:26am Oct 10, 2007 10:26am
Atomz,

I wasnt trying to say that you can be a millionare trading 1 hour a day. My point was that in order to learn a system and develop discipline you should start slow and aim low.

Plus, there is a big difference between making a profitable trade and making a lot of money. And thats why fast timeframes are interesting because 1 hour gives a new trader in a system a lot of opportunities to learn it. So I strongly believe that its better (at the beginning) to trade live only 1 hour a day aiming for 2 or 3 pips in 1 or 2 high probability trades. If you cant consistently do that for a few weeks its foolish to think that you can get better results trading all day long.

When you are learning, its not a matter of how much money and how fast you can do it, its about, discipline, developing self-confidence and confidence in the system you are trading, and understanding by heart what you are doing and what you are trading.

In my opinion, thats one of the reasons why most traders fail when trying a new system (I have done that more than once before...) we want to learn to fly before we learn to crawl. You see a system that looks promising and before you mastered the fundamentals you are calculating how many millions you would make if you trade every possible formation ....

jjrvat




Quoting atomz
It depends on the system and time frame you are trading.

I know guys who are profitable by trading 1 hour a day only from forums, internet. But I know a guy who made millions trading forex and he sleeps 4-5 hours a day during trading week and if he is in loosing trade then he gets up each hour to check his charts. He is attached to his charts all day long.

You need to know when to enter and when to exit. Make profit. If you can do it in one particular hour a day, good for you. That's why 5 sec is interesting...
  • #2,247
  • Oct 10, 2007 11:48am Oct 10, 2007 11:48am
Quoting jjrvat
Atomz,

I wasnt trying to say that you can be a millionare trading 1 hour a day. My point was that in order to learn a system and develop discipline you should start slow and aim low.

Plus, there is a big difference between making a profitable trade and making a lot of money. And thats why fast timeframes are interesting because 1 hour gives a new trader in a system a lot of opportunities to learn it. So I strongly believe that its better (at the beginning) to trade live only 1 hour a day aiming for 2 or 3 pips in 1 or 2 high probability trades. If you cant consistently do that for a few weeks its foolish to think that you can get better results trading all day long.

When you are learning, its not a matter of how much money and how fast you can do it, its about, discipline, developing self-confidence and confidence in the system you are trading, and understanding by heart what you are doing and what you are trading.

In my opinion, thats one of the reasons why most traders fail when trying a new system (I have done that more than once before...) we want to learn to fly before we learn to crawl. You see a system that looks promising and before you mastered the fundamentals you are calculating how many millions you would make if you trade every possible formation ....

jjrvat
I have not said trading all day long will make you automatically millionair. I said nothing about calculating millions. I do not know how you get to this.

I said that I personally do not know anybody who makes money by trading 1 hour a day but I know a millionair who do nothing else than watching his monitors all day long. I find trading 1 hour a day very romantic idea. That does not mean you cannot make money by trading 1 hour a day, neither that trading all day long will make you richer.
  • #2,248
  • Oct 10, 2007 1:27pm Oct 10, 2007 1:27pm
Quoting Syafi
Believe..........

some people believe when they hear
some people believe when they see
some people believe when they experience

most people will never believe(accept) even when it is proven, shown ...
its basic human nature.
What have you taken?
Money for nothin' and pips for free!
  • #2,249
  • Oct 10, 2007 1:52pm Oct 10, 2007 1:52pm
my suggestion is post exact probs in Oanda forum. I had a prob with symbols showing up on my charts (I mean quotes) from unrelated pairs (i.e. not the pair on the chart). I posted the prob there and got detailed responses exactly about it. (apparently some kind of bleeding)
  • #2,250
  • Oct 10, 2007 2:00pm Oct 10, 2007 2:00pm
Quoting ycomp
my suggestion is post exact probs in Oanda forum. I had a prob with symbols showing up on my charts (I mean quotes) from unrelated pairs (i.e. not the pair on the chart). I posted the prob there and got detailed responses exactly about it. (apparently some kind of bleeding)
Welcome back sir!
  • #2,251
  • Oct 10, 2007 2:02pm Oct 10, 2007 2:02pm
Quoting ltklev
What have you taken?

Syafi's post actually includes a lot of intelligent thoughts. And was a awesome response to what was going on :-)
  • #2,252
  • Oct 10, 2007 2:09pm Oct 10, 2007 2:09pm
Quoting FXSurfer
Welcome back sir!
yeah, I know... genius that I am, I actually stumbled upon a way to keep up with current posts (i.e. click the "unread" link) so now I'm kind of reading the thread again. [thanks for the tip syafi]
  • #2,253
  • Oct 10, 2007 2:31pm Oct 10, 2007 2:31pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting ycomp
my suggestion is post exact probs in Oanda forum. I had a prob with symbols showing up on my charts (I mean quotes) from unrelated pairs (i.e. not the pair on the chart). I posted the prob there and got detailed responses exactly about it. (apparently some kind of bleeding)
Thanks ycomp.

This thread is usually the first port of call for problems as most people generally have a similar setup and therefor similar problems.

(Don't like the sound of the OandA problem you had )


Magnus
  • #2,254
  • Oct 10, 2007 2:53pm Oct 10, 2007 2:53pm
Quoting Blazer
Well I have cheated a litle bit.I have followed the IMRAN thread of sculping in ff too.It helped me to understand many things in SR etc.So I have an extra notebook running with mt4,with the two Lagguerre,the autopivot indicator and the 60,200 EMA.
It helps to view the E/J picture from another eye.
In addition the two LAGURRE indicators may confirm the high propability setups.
I thought that this might help someone.
Any comments about this system LT ?
I think the ideas with the versions of the book are very nice.
Every time you find something new add it to the book instead of a new news letter.It makes good to read your book many times.
Zig Ziglar says that we dont learn something if we dont read it at least 16 times.LOL.

Thank you

Basil

p.s. Linuxtroll book is super and costs only a handfull of pips.LOL.
Simple pure Rainbow is more than enough... No other indicators please...
  • #2,255
  • Oct 10, 2007 3:09pm Oct 10, 2007 3:09pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Thought I would post this again so it didn't get left behind, as I am still having some issues:

Quote
I have MB feed hooked up to NT. I can't see any volume for the T&S, and there is only volume on the SuperDOM at the Bid and Ask, no where else on the ladder.

There was a post by backinblack where he mentioned his use of T&S, but I got the vague impression that this was from a Gain feed - it was not explicit.

Does MB not offer volume on T&S? Have I not set-up NT correctly?
Also using EFX Navigator. (Assuming EFX ultimately uses same source as MB).

Have now gone through the thread twice and spent some time today with it - still no luck.

Also, Level II information on both NT and EFX Navigator have not updated in around 6 hours

I'm almost set-up, just these small hurdles to get over...


Thanks guys,

Magnus
  • #2,256
  • Oct 10, 2007 3:13pm Oct 10, 2007 3:13pm
Quoting ycomp
my suggestion is post exact probs in Oanda forum. I had a prob with symbols showing up on my charts (I mean quotes) from unrelated pairs (i.e. not the pair on the chart). I posted the prob there and got detailed responses exactly about it. (apparently some kind of bleeding)
Sure, I did posted it on Oanda forum before mentioning it in this forum. But I believed the crash is (was) caused by using multiple indicators on multiple charts, that's why I asked here if others are experiencing the same.

In the Oanda forum I got just pointless answer of switching back to XP.

I've been trying to solve it with Oanda support since then and it seems to be solved by latest FXDesktop released today.

Quote
We believe that the error you are seeing might be a result of Java Virtual Machine not accepting your -Xmx values. We are going to be updating our FXDesktop version which allows us to set default Xmx/Xms values. This might solve the issue for you. The link for accessing FXDesktop is found here:

hxxps://fx1.oanda.com/java/fxdesktop/index.shtml

FXDesktop is expected to be upgraded by Monday next week (Oct 15th). However, if you are not already using FXDesktop, please try it out as it might resolve the issue immediately.

--
We are pleased to confirm that the change to FXDesktop has been completed ahead of schedule.

In order for the new change to take effect, please uninstall the FXDesktop icon (from Add/Remove Programs in Control Panel) if you have installed it previously and reinstall it again. The link for accessing FXDesktop is found here:

hxxps://fx1.oanda.com/java/fxdesktop/index.shtml

Hopefully, other rainbowers will enjoy this FXDesktop update too.
  • #2,257
  • Oct 10, 2007 4:07pm Oct 10, 2007 4:07pm
I would like to ask a simple question, how far away are you all setting your stop loses?? When I first started trading with the rainbow I was setting them always at 10 pips. Now I am finding that sometimes i set them even less or more depending on how Iam feeling about the trade. I know Linuxtoll has said a max of 18 and I have not once wanted to go even that far. Any thoughts on this, or what is working please let me know.
creating wealth one pip at a time.....
  • #2,258
  • Oct 10, 2007 4:28pm Oct 10, 2007 4:28pm
Quoting wheelsut
I would like to ask a simple question, how far away are you all setting your stop loses?? When I first started trading with the rainbow I was setting them always at 10 pips. Now I am finding that sometimes i set them even less or more depending on how Iam feeling about the trade. I know Linuxtoll has said a max of 18 and I have not once wanted to go even that far. Any thoughts on this, or what is working please let me know.
For one thing, you shouldn't confuse stop losses with exits. Stop losses are supposed to be there in case something disastrous does happen (news shaking up the market, disconnect with broker, dog crapped on the carpet, etc.), there is an absolute maximum that you will lose on your trade. Exits are when you get out because the market turns in the other direction or your trade hasn't developed in a given period of time. Theoretically, your exit condition should happen well before the stop loss is hit. The reason why a lot of new traders rack up losing trades is because they make their stop loss the only exit.

That being said, I don't see anything wrong with an 18 pip stop loss, as this gives plenty of room for movement on a 5 second chart, but the loss isn't huge if it does get hit... for example, if you're leveraging at 1:20 per trade, that's about a 3.6% maximum loss, which is a little aggressive, but still managable.
  • #2,259
  • Oct 11, 2007 3:19am Oct 11, 2007 3:19am
Quoting boiseboy
Hello LT and Everyone:

Although this is a little different from H-line, V-line and spine analysis, I found the attached Martin Pring article quite helpful as a starting point--especially for beginners. This is an excellent way to begin looking for high probability entries and staying out of bad ones. He looks at classic peak and trough analysis, which can be especially apparent in Rainbow Scalping since LT advises using "Average Price" (or WMA1) for visualization.

If you'd prefer not to read the 5 page article, Pring has a five-minute video explaining the exact same thing on his website:

http://www.pring.com/movies/peakandtrough.html

This is just my contribution to this excellent thread; I hope it helps.

Ed

I really love this simple video! So basic but really nice to follow
the rainbow with. Helps me follow the advise given by a trader
in New Market Wizards: "Each market has a rhythm, and our job
as traders is to get in sync with that rhythm."

  • #2,260
  • Oct 11, 2007 5:48am Oct 11, 2007 5:48am
Quoting FXSurfer
I really love this simple video! So basic but really nice to follow
the rainbow with. Helps me follow the advise given by a trader
in New Market Wizards: "Each market has a rhythm, and our job
as traders is to get in sync with that rhythm."

Cyrox Rainbow does not need any other simple video or any other indicator as a help... Just surf the simple Rainbow and use it as tool of the trade for Linuxtroll Simple Scalping...
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