It happened very quickly. Where have you/would you jump in?
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- #2,602
- Oct 18, 2007 6:37am Oct 18, 2007 6:37am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
- #2,605
- Oct 18, 2007 7:08am Oct 18, 2007 7:08am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
I think I am gettin there on this Flame thingy...
Well, missed the nice one on the left...
But caught the one on the right for +5 pips...
No S/R levels in sight. Took it only on following the flame...
Thank you for your help thus far today hench and Canyouseeme. Very much appreciated!!
Magnus
Well, missed the nice one on the left...
But caught the one on the right for +5 pips...
No S/R levels in sight. Took it only on following the flame...
Thank you for your help thus far today hench and Canyouseeme. Very much appreciated!!
Magnus
- #2,609
- Oct 18, 2007 7:35am Oct 18, 2007 7:35am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Looking at your screen. How the chart should be zoomed? 5pips/5 minutes or 5pips/whatever minutes but to make a square not a rectangle? zooming in/out makes the rainbow/flame look differently.
bisar_x - I see what you mean. Thanks for your input.
Thanks atomz.
I should have left it square for the thread. I zoomed in as the picture would have been too big for the thread...
I do know about the proportions of the square.
Your comment is really appreciated.
[I was going to go and change it, now that you have mentioned it, but I will leave it and maybe someone who does not know will see your comment about it
]Thanks,
Magnus
- #2,613
- Oct 18, 2007 8:13am Oct 18, 2007 8:13am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
ok, i finally talked my boss into giving me 2 hours every morning for practicing and started watching rainbow this week. i used oanda for charting and mbt for execution. the first 3 days were a total disaster. micro lots seemed like not an option for me, i treated it like a demo: tried to use every possible aggressive entry.
today was a little better. some questions:
is anyone trading live on oanda? if yes than how many lots? mbt/efx is much harder if you're using oanda for charting.
is there any charting software that can use mbt datafeed?
below are my todays trades. (eur/jpy est timezone) i know the mistakes but any comments are welcome. i finished up with a roughly 6 pips loss including commission
Here is my newbie take on it...
Trade #1: The retrace after the big drop, well played
Trade #2: I am not 100% sure what you were aiming for here, perhaps a continuation? [See note on big moves below...]
Trade #3: Your exit was my entry. Check out my post here
Trade #4: Fairly late in entry. Would have wanted to get in just as price was dropping through H-line [AND V-line in this example]
Note on big moves...
I always notice that a big move will generally do some sort of retrace and then maybe a re-retrace or two. Usually after that there is a lot of chop. For example, today, it is nearly 2 hours since the drop, there was a couple of good Rainbow setups shortly thereafter (one of which you got) and price has been mincing around since then...
My take on it,
Magnus
- #2,614
- Oct 18, 2007 8:40am Oct 18, 2007 8:40am
Hi, I started Trading with Oanda and real money last week.
My size is 1 lot. And i´m trying to catch very much trades. And all my fail trades deleted all my small piped good trades. The reason, why my account is positive is, that my stop loss is 1.5 PIPS small. and if i catch one or two big moves , i ride it and finally got 20 pips plus the day.
Software: U can link the datafeed of MB with a program called NINJA Trader.
My size is 1 lot. And i´m trying to catch very much trades. And all my fail trades deleted all my small piped good trades. The reason, why my account is positive is, that my stop loss is 1.5 PIPS small. and if i catch one or two big moves , i ride it and finally got 20 pips plus the day.
Software: U can link the datafeed of MB with a program called NINJA Trader.
- #2,615
- Oct 18, 2007 8:57am Oct 18, 2007 8:57am
Hi, I started Trading with Oanda and real money last week.
My size is 1 lot. And i´m trying to catch very much trades. And all my fail trades deleted all my small piped good trades. The reason, why my account is positive is, that my stop loss is 1.5 PIPS small. and if i catch one or two big moves , i ride it and finally got 20 pips plus the day.
Software: U can link the datafeed of MB with a program called NINJA Trader.
and a big thank you to magnus who's posting all his thoughts here, it really helps me as i dont have much screen time
"Nothing is unexplainable, Everything is mystery" W. Liquorman
- #2,616
- Oct 18, 2007 9:00am Oct 18, 2007 9:00am
- Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
thanks for the info, but i tried ninja and also have a blank white screen like one of the other guys here. i followed the instructions posted here but still failed to make it work.
and a big thank you to magnus who's posting all his thoughts here, it really helps me as i dont have much screen time
No problem eyecelll.
Although, I have to say, your avatar does scare me a bit
:...
