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Linuxtroll Simple Scalping

  • #3,261
  • Edited 2:02am Nov 5, 2007 1:50am | Edited 2:02am
Two stop huntings... 166.30 and then 166.05...
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  • #3,262
  • Nov 5, 2007 1:58am Nov 5, 2007 1:58am
Enough for today? :
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  • #3,263
  • Nov 5, 2007 2:03am Nov 5, 2007 2:03am
Quoting linuxtroll
Enough for today? :


May great moves today already. I can turn off my monitor and go fishing now. Lol.
  • #3,264
  • Nov 5, 2007 2:08am Nov 5, 2007 2:08am
As expected...
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  • #3,265
  • Nov 5, 2007 5:25am Nov 5, 2007 5:25am
Harvesting pips
LT, a question : Say we had a good move and the price has retraced let's say 15 pips... can we re enter again if it crosses the h lines again (in the same direction) or should we fear resistance and wait for breaking of the last high?
What do you think?
Money for nothin' and pips for free!
  • #3,266
  • Nov 5, 2007 7:00am Nov 5, 2007 7:00am
Quoting ltklev
Harvesting pips
LT, a question : Say we had a good move and the price has retraced let's say 15 pips... can we re enter again if it crosses the h lines again (in the same direction) or should we fear resistance and wait for breaking of the last high?
What do you think?
If you have fear stay out of scalping...

You can always enter again and jump out if it turns against you... Spine angle and Flame angle will help you...
  • #3,267
  • Nov 5, 2007 10:07am Nov 5, 2007 10:07am
Quoting linuxtroll
Trollmann is working on it... Got a pure real-time feed already... Need a web-based software (open source would be great) and some programming time to integrate the feeds - web based 10 sec Cyrox Rainbow chart running 24/7 with high-probability buy/sell zone from my formula - so that serious scalpers can access it via Internet and Mobile devices and trade on their chosen broker or platform... Pure feed gives you correct picture and direction - so that easy to identify and compensate for Market Maker and Broker's manipulation... More solid money... LoL
Hey Trollmann,

Are we going to be able to trade from your charts too or is it just to observe? (like when looking at Oanda but trading from EFX, etc)
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #3,268
  • Nov 5, 2007 10:50am Nov 5, 2007 10:50am
For those of you who are Rainbow scalping the EUR/JPY pair via Oanda, be very careful about both WHEN you scalp, and the SIZE of each trade.

This morning, 1-2am PST, at least 80% of my EUR/JPY scalp entries were slipped. Oanda's platform reported "Communicating with server..." for around 5-10 seconds before the order executed. My orders were for around 50,000 units. I then lowered my units down to 30,000, and even 1,000. Same result. I did not have this problem with the EUR/JPY pair in the past 2 weeks. EUR/JPY did move a lot though... hint hint hint.

I immediately switched over to scalping the EUR/USD, and I noticed a dramatic difference. 90% of my entries were filled in a timely manner.

My conclusion is that EUR/USD liquidity helps OANDA fill orders. However, when EUR/JPY liquidity is lower than usual, they will purposely stall your entries and exits until there are enough open orders on their fake market before executing your trade. I don't yet know if my 50,000 units makes a difference anymore.

Does anyone else have a similar experience to share?
Better yet, a solution or workaround?
  • #3,269
  • Nov 5, 2007 10:56am Nov 5, 2007 10:56am
Quoting shutopia
enough open orders on their fake market
Sometimes I wonder why we are hanging around FX. Shouldn't we just
take our rainbows to a real market?
  • #3,270
  • Nov 5, 2007 11:16am Nov 5, 2007 11:16am
Quoting FXSurfer
Sometimes I wonder why we are hanging around FX. Shouldn't we just
take our rainbows to a real market?

FXSurfer, do you mean trade through ECN brokers instead?
  • #3,271
  • Nov 5, 2007 11:18am Nov 5, 2007 11:18am
I am new on this forum and i realy don't know how to make and where to get your rainbow
  • #3,272
  • Nov 5, 2007 11:19am Nov 5, 2007 11:19am
Quoting FXSurfer
Sometimes I wonder why we are hanging around FX. Shouldn't we just
take our rainbows to a real market?
*wink wink* *nudge nudge*

Dunno what the liquidity/volume is on CME FX contracts* tho, as it's been a while since I traded futures. And yes, the intraday margin rates give you roughly the same leverage as the spot market. I began to reconsider it this past week or so.


* Contracts are in two sizes: 125,000 units for standard, and 62,500 units for minis. Yeah, it's weird, but think of them as 1 1/4 lots and 5/8ths lots.
  • #3,273
  • Nov 5, 2007 11:19am Nov 5, 2007 11:19am
Quoting shutopia
For those of you who are Rainbow scalping the EUR/JPY pair via Oanda, be very careful about both WHEN you scalp, and the SIZE of each trade.

This morning, 1-2am PST, at least 80% of my EUR/JPY scalp entries were slipped. Oanda's platform reported "Communicating with server..." for around 5-10 seconds before the order executed. My orders were for around 50,000 units. I then lowered my units down to 30,000, and even 1,000. Same result. I did not have this problem with the EUR/JPY pair in the past 2 weeks. EUR/JPY did move a lot though... hint hint hint.

I immediately switched over to scalping the EUR/USD, and I noticed a dramatic difference. 90% of my entries were filled in a timely manner.

My conclusion is that EUR/USD liquidity helps OANDA fill orders. However, when EUR/JPY liquidity is lower than usual, they will purposely stall your entries and exits until there are enough open orders on their fake market before executing your trade. I don't yet know if my 50,000 units makes a difference anymore.

Does anyone else have a similar experience to share?
Better yet, a solution or workaround?
Oanda does perform cheeky manipulations. I have experienced stop hunting, intentional stochastic connection drops, hold up your orders, fake the price against your position... when i trade on their live platform(FXTrade). Although i trade smaaaaall size(100 units). Because i am still in learning phase of Rainbow Scalping. They seem don't like scalper, i'll never trade big size with them when i master the LTSS.
  • #3,274
  • Nov 5, 2007 11:23am Nov 5, 2007 11:23am
Quoting shutopia
FXSurfer, do you mean trade through ECN brokers instead?
I was thinking (been mentioned many times before) of
currency futures. I'm sure that there are pros and cons
there too!
That's probably enough from me (NB) on this subject.

Have a great day and better luck on slippage Shutopia!
Brent
  • #3,275
  • Nov 5, 2007 11:23am Nov 5, 2007 11:23am
Quoting FXSurfer
Sometimes I wonder why we are hanging around FX. Shouldn't we just
take our rainbows to a real market?
trading index futures will be better, i think. But need more starting capital.
  • #3,276
  • Nov 5, 2007 11:25am Nov 5, 2007 11:25am
hi lt,

can you explain the 18 pip max sl rule? I'm not exactly sure what is meant by an 18 pip -maximum- stop loss... (in regards to 5 sec chart)
  • #3,277
  • Nov 5, 2007 11:31am Nov 5, 2007 11:31am
Quoting FXSurfer
I was thinking (been mentioned many times before) of
currency futures. I'm sure that there are pros and cons
there too!
That's probably enough from me (NB) on this subject.

Have a great day and better luck on slippage Shutopia!
Brent

FXSurfer brent,
Thanks for the encouragement. When you do get involved in the futures market, please help bring the rest of us up to speed. I will continue to look for ways to level the playing field with OANDA. I'm stubborn, I know. But as long as my account grows, I don't have much to complain about.
  • #3,278
  • Nov 5, 2007 11:32am Nov 5, 2007 11:32am
Quoting linuxtroll
-Jump in and out with higher lots
I'm sure that LT would have jumped ship already if
he hadn't come up with workable solutions. I assume
that higher lots means (?)M.
  • #3,279
  • Nov 5, 2007 12:24pm Nov 5, 2007 12:24pm
Quoting ycomp
hi lt,

can you explain the 18 pip max sl rule? I'm not exactly sure what is meant by an 18 pip -maximum- stop loss... (in regards to 5 sec chart)
My interpretation is that you had better not lose more than 18 pips on each trade.

LT says that your goal is to NOT let the 18pip stop loss happen. You must catch it before it gets even close to 18. 4-7 is about right.

With good rainbow fundamentals (i.e., screen time) you can spot cases where your entry was a bad entry and requires for you to get out for 4 to 7 pips loss. But don't ever wait for 18, it's a last resort sort of deal. Don't even set a stop loss on the platform, just keep an idea of where your 18 loss should be.
  • #3,280
  • Nov 5, 2007 1:05pm Nov 5, 2007 1:05pm
Quoting shutopia
Don't even set a stop loss on the platform,
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