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Linuxtroll Simple Scalping

  • #2,281
  • Oct 11, 2007 8:23pm Oct 11, 2007 8:23pm
Quoting linuxtroll
No... Attention must be on the Flame for aggressive scalper... Previous waves may help during the active market time... If you can not control the situation from 5 sec, just have a quick sneak peek at the 30 sec... Always scalp during the active market times...
Will try that LT.
Thanks.
  • #2,282
  • Oct 11, 2007 8:26pm Oct 11, 2007 8:26pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting oo7_ts
I have tried this rainbow for three days now. Day one a loser, day two coverded the losses from day one and today a total loser - I didn't have a single winner today. I guess I will have to take it easy for a while to learn this. Too bad I don't have a whole lot of time to spend watching the screen.

Good luck to all.

oo7_ts

Hey oo7-ts,

This is my fourth day on it. I think my expectancy is a little different to yours. But here are my thoughts on learning this stuff:

I am currently trying to get as much experience as possible and so am trading everything I see, initially - really helps you focus instead of passively staring at the market. (Note: I am distinguishing the high probability from the low probability when trading, but taking every trade anyway...)

I hope to start getting a grip on it in the next couple of months, and ideally would like to start being profitable on it [before switching LIVE] in around 6-9 months.

If you have only gone through the thread once - do it again - you will pick up on lots of things you missed the first time!!!

On being profitable?

Monday: Over 60 trades and netted roughly -140 pips (including spread)

Today: Over 60 trades and netted roughly -40 pips (including spread)


For me, I have gone from large negative pips to not so large negative pips. Negative pips, but for progress, I'm pretty happy with it!


Do weel and persevere,

Magnus
  • #2,283
  • Oct 11, 2007 8:52pm Oct 11, 2007 8:52pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting linuxtroll
No... Attention must be on the Flame for aggressive scalper... Previous waves may help during the active market time... If you can not control the situation from 5 sec, just have a quick sneak peek at the 30 sec... Always scalp during the active market times...

I like your wording here LT.

Controlling the situation. Gives another angle from which to view yourself with respect to the market - and how you approach it...
  • #2,284
  • Oct 11, 2007 9:10pm Oct 11, 2007 9:10pm
Troll, keep it going and have no worries w/this nonsense. We all know this is normal as many of us have fueled fires in the past out of jealousy, ego, etc.

I've been toying around with this on a 1M chart the past 2 evenings. I have to admit - I'm liking it! I've never been a fan in the past with the guppy rainbow and/or lower TF trading.

Here's a good trade I just took (btw I trade with MB and have been professionally for almost 2 years now) In at .51 out at .20 (M2 pivot which I use alot) for a nice 31 pips . Now on to finishing the baseball and college football games while the wifey is out.
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  • #2,285
  • Oct 11, 2007 9:22pm Oct 11, 2007 9:22pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting ktrade
Troll, keep it going and have no worries w/this nonsense. We all know this is normal as many of us have fueled fires in the past out of jealousy, ego, etc.

I've been toying around with this on a 1M chart the past 2 evenings. I have to admit - I'm liking it! I've never been a fan in the past with the guppy rainbow and/or lower TF trading.

Here's a good trade I just took (btw I trade with MB and have been professionally for almost 2 years now) In at .51 out at .20 (M2 pivot which I use alot) for a nice 31 pips . Now on to finishing the baseball and college football games while the wifey is out.

Thanks for posting an example ktrade.

No gridlines, but when I look closely I can see that just as price dropped below previous low (three bars past your vertical entry line), the spine was just dropping through .65. Nice.

Almost textbook from the small amount I have learnt so far.

PP for exit? Some more ammo, thanks


Magnus
  • #2,286
  • Oct 11, 2007 9:25pm Oct 11, 2007 9:25pm
I just want to say that Trollmans method has opened my eyes (as have James16 and jackos threads)

I have a lot of respect for the Trollman.

His method has helped my trading immensely. So thanks mate !!
I was making losses for about 4 months before I started following some key ideas and I now scalp the Rainbox also and I am now making money consistently.

I expect to improve even more into the future.

Charge On !!! Make money !!!

All the Best
John
  • #2,287
  • Oct 11, 2007 9:26pm Oct 11, 2007 9:26pm
I sure can pick when to get in a trade, I just seem to get out way too early.
I made a smal profit on over a 100 pip move earlier today, and made another small prfit on another 50+ move awhile ago.
But hey, at least it was a profit!!
  • #2,288
  • Oct 11, 2007 9:26pm Oct 11, 2007 9:26pm
Quoting Stan
P.S. No. I did not drink any muti-colored kool aid
you haven't seen the new rainbow flavor, that changes colors when you stir it? LOL
  • #2,289
  • Oct 11, 2007 11:14pm Oct 11, 2007 11:14pm
Quoting FXSurfer
It would be nice to have our thread back.
Sooo Fxsurfer, How's your trading been?
The E/J was kind of slow part of this week, but finally made some pretty good scalping movement.
I made a little.
I made enough to make my wife happy, and when my wife is happy, I am happy, and when I am happy, well, I'm happy
  • #2,290
  • Oct 11, 2007 11:20pm Oct 11, 2007 11:20pm
Quoting Stan
Sooo Fxsurfer, How's your trading been?
The E/J was kind of slow part of this week, but finally made some pretty good scalping movement.
I made a little.
I made enough to make my wife happy, and when my wife is happy, I am happy, and when I am happy, well, I'm happy
I made a little also...although, I didn't find this week to be slow. What session(s) are you trading?
  • #2,291
  • Oct 11, 2007 11:21pm Oct 11, 2007 11:21pm
Quoting Stan
I made enough to make my wife happy, and when my wife is happy, I am happy, and when I am happy, well, I'm happy
Now that's what I call a "statement"!
Well spoken Stan
  • #2,292
  • Oct 12, 2007 1:14am Oct 12, 2007 1:14am
Dunno what you guys are talking about but I still like to trade
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  • #2,293
  • Oct 12, 2007 1:39am Oct 12, 2007 1:39am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Canyouseeme
Dunno what you guys are talking about but I still like to trade
It's all in the timing... Very nice!
  • #2,294
  • Oct 12, 2007 2:06am Oct 12, 2007 2:06am
Now that is good timing (though i missed the ride down)
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  • #2,295
  • Oct 12, 2007 2:21am Oct 12, 2007 2:21am
Lots of awesome opportunities today.
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  • #2,296
  • Oct 12, 2007 3:26am Oct 12, 2007 3:26am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quote
Lots of awesome opportunities today.
Yes!! First trade of London session +14 pips
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  • #2,297
  • Oct 12, 2007 4:13am Oct 12, 2007 4:13am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Had a -4 pip trade then a +4 pip trade and then this one for +11 pips...

Pretty much a repeat of previous trade...

Called for a different exit strategy though...

Getting into a trade really is the easy bit - the exit? Oh boy...

[E/J really is attracted to that 166.50 level just now...]
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  • #2,298
  • Oct 12, 2007 4:21am Oct 12, 2007 4:21am
Quoting Yuppie
Had a -4 pip trade then a +4 pip trade and then this one for +11 pips...

Pretty much a repeat of previous trade...

Called for a different exit strategy though...

Getting into a trade really is the easy bit - the exit? Oh boy...

[E/J really is attracted to that 166.50 level just now...]
LOL, I took that same trade and got 11 pips also. Good Job!
  • #2,299
  • Oct 12, 2007 4:25am Oct 12, 2007 4:25am
I've been noticing over the last few weeks, that when price is "choppy" on the 1min, there are very nice moves on the 5sec, but when the 1min is in a clear, smooth trend, the 5sec seems choppy.

It's not every time, of course, but tonight is a good example. The 1min looks like sh*t, but we've had some very nice moves on the 5sec.

Anyone else notice this?

Edit: To illustrate my point...
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  • #2,300
  • Oct 12, 2007 5:12am Oct 12, 2007 5:12am
I keep watching this thread because it is my method, but I am a 1m man(just forex LOL). I see there are more of us that occasionally step in and admit that but I wonder how many of us there are that dont. I would like to discuss more with the 1 minuters but dont want to clog this thread. LT, would you prefer us to stay here or move to a different thread, and if a different one would you start it or support it?

If you are a 1 minute cyroxor please just post you are as I may be wrong and there arent many or enough.
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