Couple of things I keep coming back to:
- from post 2157: "Scalping with Cyrox Rainbow in 5 sec is the modern way of tape reading... Tape reading is nothing more than monitoring the current price action (Flame) and find out whether the price is going up or down right now? It has nothing to do with technical analysis and everything to do with keeping an open mind..."
- don't watch the graphed price line; color it the same as your background, and watch the horizontal price line tick up and down within the MMA context
- wait for a smooth rainbow, not a spiky one - as a price action trader you have to be able to decide whether the price is moving too quickly or too slowly, depending on which timeframe you are looking at
Just wanted to throw that out there, it's been helpful to me, although I'm sure many of you are past this point now...thanks again to everyone !
- from post 2157: "Scalping with Cyrox Rainbow in 5 sec is the modern way of tape reading... Tape reading is nothing more than monitoring the current price action (Flame) and find out whether the price is going up or down right now? It has nothing to do with technical analysis and everything to do with keeping an open mind..."
- don't watch the graphed price line; color it the same as your background, and watch the horizontal price line tick up and down within the MMA context
- wait for a smooth rainbow, not a spiky one - as a price action trader you have to be able to decide whether the price is moving too quickly or too slowly, depending on which timeframe you are looking at
Just wanted to throw that out there, it's been helpful to me, although I'm sure many of you are past this point now...thanks again to everyone !