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Linuxtroll Simple Scalping

  • #2,841
  • Oct 21, 2007 6:36pm Oct 21, 2007 6:36pm
Quoting Yuppie
I would have to say that the Rainbow seems like it would be an excellent tool for the job... Not personally traded it live yet... So please, only take this as my inexperienced opinion...

Magnus
It could be, but I used to trade the gaps in this way: When the sunday gaps occurs I set my T/P on the last high or low - depending where the gaps is- of the previous (friday) bar and just let it ride till it hits my T/P with no S/L.

For me, it only works on futures.

Quoting Yuppie
They appear to be very high-probability...

Magnus
It could be, but that high of high-probability is only when your set a S/L. (and where can you set it?) In my opinion it is sky-high or bottom rocket.

I don't see how I can use the rainbow and linuxtroll scalping for gaps trading. (I don't need gaps as a rainbow scalper - gaps don't guide us, the rainbow will)
  • #2,842
  • Oct 21, 2007 6:43pm Oct 21, 2007 6:43pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting FlashCall
It could be, but I used to trade the gaps in this way: When the sunday gaps occurs I set my T/P on the last high or low - depending where the gaps is- of the previous (friday) bar and just let it ride till it hits my T/P with no S/L.

For me, it only works on futures.



It could be, but that high of high-probability is only when your set a S/L. (and where can you set it?) In my opinion it is sky-high or bottom rocket.

I don't see how I can use the rainbow and linuxtroll scalping for gaps trading. (I don't need gaps as a rainbow scalper - it's a non-issue in my opinion)


FlashCall, I think we are looking at this from quite different perspectives...

Like I said, I am not experienced in this, and I feel I cannot justify any further opinions I may have...

I will have to leave it there...


Magnus
  • #2,843
  • Oct 21, 2007 7:06pm Oct 21, 2007 7:06pm
Quoting linuxtroll
I do not think that you are ready and you may get more frustrated by following or copying someone... Ready to copy someone is not going to help you at all, that's why the e-book encourages you to find your own entries and exits according to your own risk profile... reread the ebook again... When the market condition changes, Yuppie will not be there to tell you the entries and exits... Yuppie is showing you how he is trading now... not the right way to trade Rainbow... Follow the e-book... do not copy someone... empty rainbows are there for you to show the setup patterns... If you followed the ebook - I asked you to plot your entry and exit on those empty Rainbow and get familiar with screen time - which will give you less frustration in the long run... Remember that... Learn to make your own entry/exit...
I am very independent and I am not interested in copying anyone else's trades.

My point is that Yuppie is trying to teach by example and I think you should have done the same. Your teaching is too vague for my taste.

If you think Yuppie is not explaining the Rainbow the way you would, that just enforces my point. We are all left to flounder in uncertainty instead of being given firm examples of what you mean and how you make profits.

There is no doubt that I am not ready for your method but I am successfully trading other methods. I was intrigued by the 5 second approach but so far, it has just been a waste of time for me.
  • #2,844
  • Edited 8:05pm Oct 21, 2007 7:50pm | Edited 8:05pm
I am very independent and I am not interested in copying anyone else's trades.
--
Then what are you doing here? If you are independent, how come you are expecting and trying to copy others' examples - "Linuxtroll refuses to give examples" - "others who have given trade examples instead of empty rainbow"; Those are your words... :surprised
--
My point is that Yuppie is trying to teach by example and I think you should have done the same. Your teaching is too vague for my taste.
--
As far as I know, Yuppie is new to this Rainbow and he is showing the other fellow traders - his thought process... I have given clear rules in the e-book and people have followed it and making money (which is our goal - not evaluating my teaching style, but I am confident in my teaching style which worked for several and they are all making money and ready to follow my advanced scalping techniques... so I do not need to copy other peoples' teaching style as you have suggested here...
--
If you think Yuppie is not explaining the Rainbow the way you would, that just enforces my point. We are all left to flounder in uncertainty instead of being given firm examples of what you mean and how you make profits.
--
Yuppie is explaining his style... It is not even my Rainbow (Yuppie's tweaked version)... Who are all left to flounder in uncertainty? That means they did not read and understand the ebook... ebook clearly explains how to make profits - if you tweak the method and not followed the ebook - definitely they will get frustrated and confused as you...
--
There is no doubt that I am not ready for your method but I am successfully trading other methods. I was intrigued by the 5 second approach but so far, it has just been a waste of time for me.
--
That says everything... You can not mix and match different methods... If your method is working, why are you searching for other methods and why are you buying e-books? and why are you come here in this forum and confuse others? This thread is for leaders - not for followers... Show us that you are very independent... post your trades and let us help you out... I assume that you received a support e-mail with the e-book (Did you try it first?)... LoL

PS! You could not capture this simple move with the knowledge, recommendations, rules and examples showed in the e-book? -- at least grab 6 pips from this move? Instead of following others, copying others, looking for examples in the forum, just jump in and try to take the trade on your own...
Attached Image
  • #2,845
  • Oct 21, 2007 7:57pm Oct 21, 2007 7:57pm
Quoting Yuppie
...gets the worm ...

Here are a couple of pre-London Session Open setups... Time is GMT...

I have noticed that this time of day can be a hit or a miss...

I posted a version of this chart, showing how I played the trades [marked on the chart by OandA], the other day... Ignore these marks on this chart... I am going over all my trades and seeing excellent [missed] opportunities...

I made a few pre-London Open trades last week... Every one was successful...

Anyone else traded this time?...


Please contribute to what I am posting... I would like to know how you would, or have, approached the same situations...

Magnus
Hi Magnus,
Pardon the lack of brain matter but do the yellow and white circles on the chart represent your aggressive entries?
By the way love reading your posts and keep up the good work.
  • #2,846
  • Oct 21, 2007 8:16pm Oct 21, 2007 8:16pm
Don't be Lazy people

I think a good way to learn is backtest with a bare chart,that is price bars only.

Look at the previous days chart in hindsight ,mark places where you would have liked to of got in, that were succesful trades.

Now if you like throw all those ma's on "Rainbow". Then go thru the trading day and find Rainbow setups that continually co-inside with the places of entry that you had marked on the chart when it was price bars only.

Then Forward test it live in real time to familiarise your self with spotting the high probable setups.

Then go live with real money all be it a small amount because theres no better way to learn than to use your hard earned money .

This could take you weeks ,months ,Years .

Definitely not in the time it takes to read some E-Book
Enter Signature
  • #2,847
  • Oct 21, 2007 8:28pm Oct 21, 2007 8:28pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting TheOne
Hi Magnus,
Pardon the lack of brain matter but do the yellow and white circles on the chart represent your aggressive entries?
By the way love reading your posts and keep up the good work.

Hey TheOne,

Sometimes I think I should explain myself better... and sometimes I don't... It's a double-edged sword...

But here, maybe I should have...

The Green circles show each flame, higher than the previous...
The Red circle shows the first flame that is lower than the previous...
The White circles show each subsequent lower flame that has not been broken by price... The last white circle is broken by price and thus signifies an exit point...

Let me know if this does not make things clearer...


Really glad you are getting something from my posts...


Magnus
  • #2,848
  • Oct 21, 2007 9:07pm Oct 21, 2007 9:07pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Right peeps, I had no intention of trading Sydney Open... And I didn't... :

However, there were [again, I have to say in hindsight] some excellent opportunities... Especially if you know your Pivots...

I am really starting to see the same patterns re-appearing...


Finding confluence is starting to show its benefits...


Magnus
Attached Image (click to enlarge)
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  • #2,849
  • Oct 21, 2007 9:19pm Oct 21, 2007 9:19pm
Quoting ECO
Don't be Lazy people

I think a good way to learn is backtest with a bare chart,that is price bars only.

Look at the previous days chart in hindsight ,mark places where you would have liked to of got in, that were succesful trades.

Now if you like throw all those ma's on "Rainbow". Then go thru the trading day and find Rainbow setups that continually co-inside with the places of entry that you had marked on the chart when it was price bars only.

Then Forward test it live in real time to familiarise your self with spotting the high probable setups.

Then go live with real money all be it a small amount because theres no better way to learn than to use your hard earned money .

This could take you weeks ,months ,Years .

Definitely not in the time it takes to read some E-Book
Absolutely... and charge on... make millions... :
  • #2,850
  • Oct 21, 2007 9:19pm Oct 21, 2007 9:19pm
Magnus....

dont get me wrong ...I like a lot your charts and analysis , .... but.. do you ever sleep?
  • #2,851
  • Oct 21, 2007 9:21pm Oct 21, 2007 9:21pm
Quoting Yuppie
Hey TheOne,

Sometimes I think I should explain myself better... and sometimes I don't... It's a double-edged sword...

But here, maybe I should have...

The Green circles show each flame, higher than the previous...
The Red circle shows the first flame that is lower than the previous...
The White circles show each subsequent lower flame that has not been broken by price... The last white circle is broken by price and thus signifies an exit point...

Let me know if this does not make things clearer...


Really glad you are getting something from my posts...


Magnus
Charge on Yuppie... Do what you are doing... You are doing a great job... Do not forget to test the flame...
  • #2,852
  • Oct 21, 2007 9:24pm Oct 21, 2007 9:24pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Neznaika
Magnus....

dont get me wrong ...I like a lot your charts and analysis , .... but.. do you ever sleep?

...

Yeah, not much though...

I'm an extremist... When I do something... It's all or nothing...

I'm doing it all now... That way, I can do the nothing later... :...


Magnus
  • #2,853
  • Oct 21, 2007 9:25pm Oct 21, 2007 9:25pm
Quoting Neznaika
Magnus....

dont get me wrong ...I like a lot your charts and analysis , .... but.. do you ever sleep?
Yuppie is another trollmann from Norway... Trolls never sleep... :
  • #2,854
  • Oct 21, 2007 9:27pm Oct 21, 2007 9:27pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting linuxtroll
Charge on Yuppie... Do what you are doing... You are doing a great job...
Thank you LT...



Quoting linuxtroll
Do not forget to test the flame...
...


Magnus
  • #2,855
  • Oct 21, 2007 9:28pm Oct 21, 2007 9:28pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting linuxtroll
Yuppie is another trollmann from Norway... Trolls never sleep... :
Well, I'm not from Norway...

But it's true... We have similar trolls where I'm from... They don't sleep...


Magnus
  • #2,856
  • Edited 9:52pm Oct 21, 2007 9:48pm | Edited 9:52pm
Quoting linuxtroll
Yuppie is another trollmann from Norway... Trolls never sleep... :
Linux.... Since we are not on rainbow right now , I got a quick question... you got Darwins quote in your signature... but according to your friend Darwin... we evolved from monkeys... what do you think? yes/no...
  • #2,857
  • Oct 21, 2007 9:49pm Oct 21, 2007 9:49pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Here are some more setups a while after the Tokyo Open...

Missed the rally that LT posted earlier as OandA was having a little party... And I wasn't on the guest list... :

This chart is almost certainly a victim of hindsight this time... But it doesn't really matter... I'm learning... Hope others are getting something out of it as well...

Now that the weekend is [almost] over, I'll have to post some real trades... Ho-ho, they won't be as pretty...


Magnus
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  • #2,858
  • Oct 21, 2007 9:53pm Oct 21, 2007 9:53pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Neznaika
Linux.... Since we are not on rainbow right now , I got a quick question... you got Darwins quote in your signature... but according to your friend Darwin... we evolved from monkeys... what your thoughts? yes/no...
Neznaika, LT was not online last time I checked... and neither will I be in a minute...

This is one of my core natural interests... I would love to answer that question... but PM... Just trying to keep the thread on track... Cool?


Magnus
  • #2,859
  • Oct 21, 2007 10:05pm Oct 21, 2007 10:05pm
Quoting Neznaika
Linux.... Since we are not on rainbow right now , I got a quick question... you got Darwins quote in your signature... but according to your friend Darwin... we evolved from monkeys... what do you think? yes/no...
No... may be monkeys evolved from us... you never know...
  • #2,860
  • Oct 21, 2007 10:06pm Oct 21, 2007 10:06pm
...
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