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Linuxtroll Simple Scalping

  • #2,741
  • Oct 19, 2007 8:45am Oct 19, 2007 8:45am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting atomz
It did not look quiet on your 5 sec. chart. You still need to watch 30 sec. chart and mark S/R levels. What do you think?
Well, I generally only watch the 30-sec chart if a trend is already underway...

But to be totally honest, I rarely look at the 30-sec chart... I always think it will paralyse my decision making process... I should really look at it to see if it can help me...

I do have S/R levels in my head... Again I think they may put me off if I actually draw them on... Should probably try this to see as well...


Magnus
  • #2,742
  • Oct 19, 2007 8:50am Oct 19, 2007 8:50am
Quoting Yuppie
Thanks Glen.


Ok, here is a chart with some of my interpretations of the flame... I tried to get one of the good bits of todays moves... Hopefully some people will have traded in this area...

I understand everyone will have different views on it... But hey, that's what trading is about...

I am pretty confident now that I am heading along the right track...


Magnus

Excellent chart analysis, now the challenge for next week will be to keep focused on spine and Flame

have a nice week end!
  • #2,743
  • Oct 19, 2007 8:54am Oct 19, 2007 8:54am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
LT's thread is really roaring...

Up to last week there were roughly 28 posts per day on average since the thread began...

This last week it has been around 78 posts per day... (550+ in the last week only!)

Hopefully quantity is a good indicator of quality...:


Also, check out the amount of people viewing the thread... Many times I see it 40-50+... Cool... Your method is getting more popular LT ...


Magnus


EDIT: I just counted my posts and realised that 120 or so from this last week were from me alone... Erm... sorry about that guys ...
  • #2,744
  • Oct 19, 2007 8:57am Oct 19, 2007 8:57am
another scalp.buy when price break 164.00 and confirmed it was a buy signal at 30 sec chart.

i found that 30 sec chart is very useful
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  • #2,745
  • Oct 19, 2007 8:58am Oct 19, 2007 8:58am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting italianfx
Excellent chart analysis, now the challenge for next week will be to keep focused on spine and Flame

have a nice week end!

I think the real challenge for me is to stop asking so many damn questions and just get on with it...

This weekend is going to consist of viewing all the videos of E/J from this week in a whole new light, in fact, in a whole new flame... :

Yeah, cheers Glen, and you,


Magnus
  • #2,746
  • Oct 19, 2007 9:07am Oct 19, 2007 9:07am
Quoting amenlo9
another scalp.buy when price break 164.00 and confirmed it was a buy signal at 30 sec chart.

i found that 30 sec chart is very useful
Great trade! I have also found the 30 second chart to be a great filter when the 5 second chart is in its choppy range trading mode. If watching for a reversal I wait for the EAs to compress on the 30 second.

See the attached 30 second chart for example on the trade amenlo9 took.

Glen
Attached Image
  • #2,747
  • Oct 19, 2007 9:17am Oct 19, 2007 9:17am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Yet another chart of amenlo9's trade...

(do you really need 3-sec chart?)
Attached Image (click to enlarge)
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  • #2,748
  • Oct 19, 2007 9:24am Oct 19, 2007 9:24am
Quoting linuxtroll
Adjust the spread meter to show green when spread is less than zero and watch how many times you get green...
I know this is and old post but what platform is being used here that you have a spread meter to ajust ? Thank You for any input onthis subject . ........
  • #2,749
  • Oct 19, 2007 9:25am Oct 19, 2007 9:25am
Quoting ConTrarion
I know this is and old post but what platform is being used here that you have a spread meter to ajust ? Thank You for any input onthis subject . ........
That is the EFX Navigator platform.
  • #2,750
  • Oct 19, 2007 9:26am Oct 19, 2007 9:26am
Quoting Yuppie
Yet another chart of amenlo9's trade...

(do you really need 3-sec chart?)
My interpretation in red...
Attached Image
  • #2,751
  • Oct 19, 2007 9:44am Oct 19, 2007 9:44am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting prosperfx
My interpretation in red...
So there are levels of aggressiveness?...

After looking at it, it may not be as aggressive as one would first suppose...

EVERY single low since the first re-trace was higher than the last... I never really noticed that initially...

Some good observation there Glen ...


Magnus
  • #2,752
  • Oct 19, 2007 9:44am Oct 19, 2007 9:44am
Quoting prosperfx
That is the EFX Navigator platform.
Thanks I'll look for the sight .
  • #2,753
  • Oct 19, 2007 9:54am Oct 19, 2007 9:54am
Quoting prosperfx
My interpretation in red...
yes,for aggressive scalper,they will entry at 163.9x.i spot this chance on 30 sec chart and i decided to take it.but price was moving very fast,after i clicked it,i was getting filled on 164.0x
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  • #2,754
  • Oct 19, 2007 10:19am Oct 19, 2007 10:19am
Continuing the price action from the last few charts...
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  • #2,755
  • Oct 19, 2007 10:27am Oct 19, 2007 10:27am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
More pips in the chop than the drop?...

Trying to get a feel for the flame...

All, comments are most welcomed...


Magnus
Attached Image (click to enlarge)
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  • #2,756
  • Oct 19, 2007 10:30am Oct 19, 2007 10:30am
miss another good entry on 30 sec chart.i noticed that follow the flame on 30 sec chart will give u more pips.
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  • #2,757
  • Oct 19, 2007 10:37am Oct 19, 2007 10:37am
Quoting Yuppie
More pips in the chop than the drop?...

Trying to get a feel for the flame...

All, comments are most welcomed...


Magnus
Great analysis as always! Every one is different. I try to avoid "the chop" as much as possible, but canyouseeme seems to make a killing in there! Have you tried trading using this flame-break analysis?
  • #2,758
  • Oct 19, 2007 10:38am Oct 19, 2007 10:38am
Quoting amenlo9
miss another good entry on 30 sec chart.i noticed that follow the flame on 30 sec chart will give u more pips.
I too really enjoy using the 30 second chart as a part of my trading. Especially during the higher volume times of day, a price break of the 30 second spine normally indicates a great trade.
  • #2,759
  • Oct 19, 2007 10:43am Oct 19, 2007 10:43am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting prosperfx
Great analysis as always! Every ones is different, but I try to avoid "the chop" as much as possible, but canyouseeme seems to make a killing in there! Have you tried trading using this flame-break analysis?

There is something I don't understand here...

I was assuming the interpretation of the the flame that I have given in the last two examples was the de-facto standard employed by most... When I saw LT's post this morning of eyecelll's chart, I though, 'so that is how you trade the flame!...' and just assumed that this is what everyone was doing...

Am I seeing things that are not there? I just assumed that the couple of examples I posted were pretty much what everyone would have done...

I need some people to enlighten me... I feel some more questions coming on... :


Magnus
  • #2,760
  • Oct 19, 2007 10:45am Oct 19, 2007 10:45am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting prosperfx
I too really enjoy using the 30 second chart as a part of my trading. Especially during the higher volume times of day, a price break of the 30 second spine normally indicates a great trade.

Glen, is this during/before/after or seperate to a 5-sec setup?
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