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  • #3,361
  • Nov 8, 2007 5:06am Nov 8, 2007 5:06am
Quoting italianfx
yes but spine crossing H/V-line is just a confirmation, I do not enter each time the spine cross an H/V-Line

in my previus charts - is entry and + is to show where the spine was crossing an H/V-Line
Only when u see a swing high or low before the spine cuts the H/V right?
  • #3,362
  • Nov 8, 2007 5:24am Nov 8, 2007 5:24am
Quoting TypeSzH
Only when u see a swing high or low before the spine cuts the H/V right?

yes right!
  • #3,363
  • Nov 8, 2007 5:49am Nov 8, 2007 5:49am
How is the spine crossing the V line helping us? Please explain.
Money for nothin' and pips for free!
  • #3,364
  • Nov 8, 2007 6:09am Nov 8, 2007 6:09am
Quoting ltklev
How is the spine crossing the V line helping us? Please explain.
It's the slope of the spine crossing the H/V lines. You don't want the spine to be flat. If the spine is sloping upward/downward there is a higher chance the price will follow in the direction of the spine.
  • #3,365
  • Nov 8, 2007 6:09am Nov 8, 2007 6:09am
Quoting italianfx
yes right!


I've been trying that method out and I think I still need work on it.
  • #3,366
  • Nov 8, 2007 6:15am Nov 8, 2007 6:15am
Quoting eyecelll
I see some people are trading futures. Could anyone recommend a broker providing an unlimited demo with live feed? Or with a small minimum to open a live account? Thank you
This is a Russian broker but they have a good reputation.

Hundreds of stocks and futures contracts in addition to forex.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download

http://www.whcforex.com/mt4/simt4/fxsp/ ---Forex page

Never expires.
  • #3,367
  • Nov 8, 2007 6:54am Nov 8, 2007 6:54am
Quoting Poocher
This is a Russian broker but they have a good reputation.

Hundreds of stocks and futures contracts in addition to forex.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download

http://www.whcforex.com/mt4/simt4/fxsp/ ---Forex page

Never expires.
thanks, i never thought i'd use a russian broker while living in the us. i'm russian myself lol
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #3,368
  • Nov 8, 2007 6:56am Nov 8, 2007 6:56am
Quoting Poocher
This is a Russian broker but they have a good reputation.

Hundreds of stocks and futures contracts in addition to forex.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download

http://www.whcforex.com/mt4/simt4/fxsp/ ---Forex page

Never expires.
Try Oanda, also.

www.oanda.com

Free, unlimited. Trade virtual money from the charts.

Good luck.
  • #3,369
  • Nov 8, 2007 7:15am Nov 8, 2007 7:15am
Quoting Poocher
This is a Russian broker but they have a good reputation.

Hundreds of stocks and futures contracts in addition to forex.

http://www.metaquotes.net/files/whc/whc4setup.exe ---Direct link to demo download

http://www.whcforex.com/mt4/simt4/fxsp/ ---Forex page

Never expires.
It looks like their demo is only for Forex and I was interested in futures. I'll try IB then
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #3,370
  • Nov 8, 2007 7:25am Nov 8, 2007 7:25am
Quoting ltklev
How is the spine crossing the V line helping us? Please explain.

did not traded these setup because I was at lunch and I don't like to trade near news time, anyway this is what I always look for, there are so many way to enter and exit, Linuxtroll said to find our own way so I choose this setup and trade only this way, looking all day for this kind of setup. It's amazing how many times I see this setup during a day, almost 10-20 times and if I only get 5 net pips out of each setup.......
it doesn't work all the time but we can never have a setup that works 100%
Attached Image (click to enlarge)
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  • #3,371
  • Nov 8, 2007 8:36am Nov 8, 2007 8:36am
Did you ever notice some days seem to have a lot more false setups, while other days have nothing but perfectly profitable ones? frustrating...
  • #3,372
  • Nov 8, 2007 8:47am Nov 8, 2007 8:47am
Quoting FiboFan
Did you ever notice some days seem to have a lot more false setups, while other days have nothing but perfectly profitable ones? frustrating...

yes, this is why I prefer to keep my TP low (5-10 pips) even in a false setup you can be able to take 3-5 pips, usually I take more only when the price spikes and I reach 10 pips fast.

the first thing we must do is understand in what market we are trading (trending or slow moving etc) in a trending market everything is easier
  • #3,373
  • Nov 8, 2007 8:51am Nov 8, 2007 8:51am
the biggest mistake I make that costs me money is going into the market with the mindset "I'm going to make money today"
Instead of "Can I make money today, due to favorable market conditions?"
  • #3,374
  • Nov 8, 2007 9:01am Nov 8, 2007 9:01am
Thanks italianfx, your charts are always an eye candy and a good learning material!
How did you make such a lovely chart? I like the background color... How do you do that?
Money for nothin' and pips for free!
  • #3,375
  • Nov 8, 2007 9:09am Nov 8, 2007 9:09am
thanks for your kind words!

for blue background go to:

tools -- color scheme --- blue





Quoting ltklev
Thanks italianfx, your charts are always an eye candy and a good learning material!
How did you make such a lovely chart? I like the background color... How do you do that?
  • #3,376
  • Nov 8, 2007 1:02pm Nov 8, 2007 1:02pm
Quoting italianfx
thanks for your kind words!
Thanks for coming back! Where have you been?
We miss your posts.
  • #3,377
  • Nov 8, 2007 3:40pm Nov 8, 2007 3:40pm
i had been reagind the entire kolachi thread and this trade to page 60. i want to thanks Linuxtroll for the patience. i have a lot of questions that were not in kolachi forum or on this thread until page 50. 1- there is anyone here using any market maker or Oanda (i don't know if Oanda is market maker or not) to trade Rainbow? 2 linux, do you think that is impossible to try to use the rainbow with market maker? in case of try using it with market makers what time frame do you suggest to trade? 1 min? 3 in these trades that you got 200 pips or more do you change for high time frames do stay in the trade? because a think using the rainbow in 5 secs charts will make signals to exist before it rechead 200 points, right? 4 in the last post at kolachi's forum you posted one pic of a news setup but a few posts before here in this thread have a pic of one version that looks like that posted in the first post. wich one you think is the best for start? many thanks for linux or anyone that can answer me. and sorry for my very bad english
  • #3,378
  • Nov 8, 2007 3:43pm Nov 8, 2007 3:43pm
i can't formating the messages in this thread properly, what is wrong?
  • #3,379
  • Nov 8, 2007 5:37pm Nov 8, 2007 5:37pm
Quoting italianfx
did not traded these setup because I was at lunch and I don't like to trade near news time, anyway this is what I always look for, there are so many way to enter and exit, Linuxtroll said to find our own way so I choose this setup and trade only this way, looking all day for this kind of setup. It's amazing how many times I see this setup during a day, almost 10-20 times and if I only get 5 net pips out of each setup.......
it doesn't work all the time but we can never have a setup that works 100%

Love your charts, now if i can get them to work for me.
  • #3,380
  • Nov 8, 2007 6:27pm Nov 8, 2007 6:27pm
Quoting FXSurfer
Thanks for coming back! Where have you been?
We miss your posts.
He was busy making money...
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