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Linuxtroll Simple Scalping

  • #3,101
  • Oct 30, 2007 1:17am Oct 30, 2007 1:17am
Quoting antinomian
I see these terms Flame, Spine, H-line, V-line, i know they are like horizontal and vertical lines, but no one really explained what it's all about? Im not asking to be spoon-fed here... but I have really been looking through and people start using the terms spine without actually defining it?

Im not really a lazy bum really... have been looking through all these whiles but still not found a proper definition...
did you see this chart before?just follow the direction of the rainbow for entry.rainbow pointing up,buy etc.

download all the attachment below and see how they entry.

http://www.forexfactory.com/misc.php...hments&t=52515
Attached Image
  • #3,102
  • Oct 30, 2007 1:35am Oct 30, 2007 1:35am
Quoting amenlo9
did you see this chart before?just follow the direction of the rainbow for entry.rainbow pointing up,buy etc.

download all the attachment below and see how they entry.

http://www.forexfactory.com/misc.php...hments&t=52515
Alot clearer now... PMed you!
  • #3,103
  • Oct 30, 2007 3:49am Oct 30, 2007 3:49am
You can reach the target every single day...
Attached Image (click to enlarge)
Click to Enlarge Name: 00.png Size: 34 KB
  • #3,104
  • Oct 30, 2007 3:52am Oct 30, 2007 3:52am
Quoting antinomian
I see these terms Flame, Spine, H-line, V-line, i know they are like horizontal and vertical lines, but no one really explained what it's all about? Im not asking to be spoon-fed here... but I have really been looking through and people start using the terms spine without actually defining it?

Im not really a lazy bum really... have been looking through all these whiles but still not found a proper definition...
It is clearly explained here in this thread and in the e-book... re-read the thread again...
  • #3,105
  • Oct 30, 2007 4:30am Oct 30, 2007 4:30am
Why do we need the H & V lines what are the relevancy of them .
eg 5sec by 5pips could someone explain please .

cheers
Enter Signature
  • #3,106
  • Oct 30, 2007 4:42am Oct 30, 2007 4:42am
Quoting ECO
Why do we need the H & V lines what are the relevancy of them .
eg 5sec by 5pips could someone explain please .

cheers
Significance=the way price acts around H lines. V lines are for when to trade and the time you've been in a trade...control, like LT says.

Get an MB demo, even if you don't have an account with them and watch how price acts around H lines during *active* market times...you will get a feel for it. That's why LT says "screen time" LOL

Edit: Also watch what the rainbow looks like in relation to these lines...screen time will show you all this and after awhile you will know it like the back of your hand LOL
  • #3,107
  • Oct 30, 2007 4:45am Oct 30, 2007 4:45am
Quoting linuxtroll
You can reach the target every single day...
Now that is a cool looking rainbow!
  • #3,108
  • Oct 30, 2007 5:14am Oct 30, 2007 5:14am
Quoting nhallmark
Significance=the way price acts around H lines. V lines are for when to trade and the time you've been in a trade...control, like LT says.

Get an MB demo, even if you don't have an account with them and watch how price acts around H lines during *active* market times...you will get a feel for it. That's why LT says "screen time" LOL

Edit: Also watch what the rainbow looks like in relation to these lines...screen time will show you all this and after awhile you will know it like the back of your hand LOL

But i could have my box size at any level
eg I could have the H lines set at 10 pips by zooming in or out .I don't think they really have any significance do they?

Eco
Enter Signature
  • #3,109
  • Oct 30, 2007 5:33am Oct 30, 2007 5:33am
Quoting ECO
But i could have my box size at any level
eg I could have the H lines set at 10 pips by zooming in or out .I don't think they really have any significance do they?

Eco
relationship:
one box = 5 minutes
one candle = 5 minutes

many people trade 5 minutes candles

or?
  • #3,110
  • Oct 30, 2007 5:50am Oct 30, 2007 5:50am
Quoting ECO
But i could have my box size at any level
eg I could have the H lines set at 10 pips by zooming in or out .I don't think they really have any significance do they?

Eco
Just watch them...I let it zoom automatically. It's not really about having the lines there for me. That's why I suggested getting an MB/EFX demo...watch how it ticks around round numbers(5s and 10s) which would be your H lines.

It's hard to explain. Hence, screen time. All I know is it's one of the most important things to watch...for my own trading.
  • #3,111
  • Oct 30, 2007 6:41am Oct 30, 2007 6:41am
Hello,

MBtrading demo is not working today.
Is this happening to me only or all of you have the same issue?

Thank you

Basil

P.S.Your digital inspiring booster for today:
Inserted Video
Learn something difficult and earn real money for ever, a lot.
  • #3,112
  • Oct 30, 2007 8:01am Oct 30, 2007 8:01am
MBTrading demo is fixed already. I glance at their Level II occasionally and the buy/short buttons aren't grayed out anymore.

Today's trades. Had to flip one trade, yikes. Entered a 'buy' instead of a 'sell'.
Mostly really choppy action for me today, but that's expected. The Fed meeting is tomorrow.
http://i11.tinypic.com/5yt9njr.jpg
  • #3,113
  • Oct 30, 2007 8:22am Oct 30, 2007 8:22am
Took me almost a month to realize how simple this method is!
All thanks to amenlo9
I've wasted so much time just trying to understand how this rainbow stuff works... And thanks to you I finally get it (hopefully)...

Let's see if I'm right - I find the rainbow direction by looking at the spine .
Say the spine direction is up - We get in when the FLAME crosses the H lines (Horizontal lines- Increments of 5 or 10 pips) and we jump out when the flame crosses the next H line (Or if the flame goes against us).
Am I right?
Money for nothin' and pips for free!
  • #3,114
  • Oct 30, 2007 8:40am Oct 30, 2007 8:40am
Quoting ltklev
Took me almost a month to realize how simple this method is!
All thanks to amenlo9
I've wasted so much time just trying to understand how this rainbow stuff works... And thanks to you I finally get it (hopefully)...

Let's see if I'm right - I find the rainbow direction by looking at the spine .
Say the spine direction is up - We get in when the FLAME crosses the H lines (Horizontal lines- Increments of 5 or 10 pips) and we jump out when the flame crosses the next H line (Or if the flame goes against us).
Am I right?
not problem buddy.actually i am learning all from here as well.

just trade what you see and rolling your dough in da club
  • #3,115
  • Oct 30, 2007 8:41am Oct 30, 2007 8:41am
So am I right, Is that a right way to use the rainbow?
Money for nothin' and pips for free!
  • #3,116
  • Oct 30, 2007 8:54am Oct 30, 2007 8:54am
Quoting ltklev
So am I right, Is that a right way to use the rainbow?
Yes.you are right.

how you entry previously?
  • #3,117
  • Oct 30, 2007 9:07am Oct 30, 2007 9:07am
Quoting ltklev
So am I right, Is that a right way to use the rainbow?
The way I like to use the rainbow is that, plus looking at the "ribbon" formed from the MAs between the flame and spine. If it is compressed or twisted, then the market is moving too slow or sideways... if the MAs are nicely spread out, then that's a good time to be in the market as it's moving in a trend. Looking at the ribbon compression is a good way to know whether to be in (smooth, wide ribbon) or out (twisted, narrow ribbon) of the market. Looking at the ribbon part comes from Guppy's methods of multiple MA analysis.

Remember, MAs inevitably lag, and while most people see this as a bad thing, you can use this knowledge to your advantage: if the MAs are "running fast" to try to catch up with the price, then the market is taking off... if the MAs are "taking it easy" to catch up with the price, then the market is slow.
  • #3,118
  • Oct 30, 2007 9:12am Oct 30, 2007 9:12am
Thank you buddha for your good advice.
amenlo9, I used to enter on reversals of the rainbow and the breaking of S/R , but I lacked the knowledge of the proper use of spine,flame,h & v principles.
Money for nothin' and pips for free!
  • #3,119
  • Oct 30, 2007 9:19am Oct 30, 2007 9:19am
I know this has been discussed already but EFX or Oanda.

Fixed spread Eur/jpy 2.0 pips
Variable+ commision

has anyone found out what is the best way to go. i have oanda account currently. but wondering if i should open Efx with remainder of funds or is it not even worth it?

Thanks,
J
  • #3,120
  • Oct 30, 2007 9:50am Oct 30, 2007 9:50am
if your only consern is cost, then maybe oanda is better. if you take other consideration, then maybe just maybe efx is better... but you will have to learn their stoneage software before start trading, once you understand its okay. until then, its disaster..........
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