Linuxtroll Simple Scalping | Page 175 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Indicators and Rules for Simple Method of Scalping GBP/Jpy on 5 min chart 18 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Simple Scalping System 64 replies

xPip Simple Scalping 27 replies

Attachments: Linuxtroll Simple Scalping
Exit Attachments

Linuxtroll Simple Scalping

  • #3,481
  • Nov 12, 2007 9:50am Nov 12, 2007 9:50am
Quoting newpip
Scalping like crazy with Oanda.
many thanks for reply.

spread for EJ on Oanda is 2, right? There is any moment when spread became 1 or less like ECN or it is the minimum?

thanks again.
  • #3,482
  • Nov 12, 2007 9:55am Nov 12, 2007 9:55am
Quoting Arctic4x
Hi

I have seen that some pics do not show up in Opera browser anymore for some reason. It have been like this the last couple of days.
Post 3436 by newpip is a example of that problem. The pic show in IE and Firefox but not in Opera so FF must have made some changes in the server script last or something days that made this problem because it have always work well in Opera before.
It is a shame because in my opinion Opera is the best browser.

Here is the post i was referring to but i have seen the same problem in other threads on the forum last days also:
http://www.forexfactory.com/showpost...postcount=3436

Arctic4x
i can't see most of attached files of last days and i am using Firefox
  • #3,483
  • Nov 12, 2007 10:01am Nov 12, 2007 10:01am
Quoting giraia_br
i can't see most of attached files of last days and i am using Firefox
pity i just installed firefox, hoping that would help... i have probs in netscape 9 and ie 7.. someone said opera didn't work for it either, so didn't try opera
  • #3,484
  • Nov 12, 2007 10:09am Nov 12, 2007 10:09am
Quoting ycomp
pity i just installed firefox, hoping that would help... i have probs in netscape 9 and ie 7.. someone said opera didn't work for it either, so didn't try opera
opera 9.24 works fine for me
  • #3,485
  • Nov 12, 2007 10:11am Nov 12, 2007 10:11am
-red dot: last WMA broke V-line
-blue dot: spine broke v-line (is this correct? this is the spine?)
-green dot: entry/fisrt bar open after the "signals".It was above a H-line
-yellow dot: exit/came back from the H- line


what was correct or incorrect with this entry?

it was relevant only last MA broke the V-line, only spine (see above that i don't know if it is the spine) or both?

thanks in advance to LT or anyone who can answer that. And sorry for my english.

http://img137.imageshack.us/img137/2481/firstul2.jpg
  • #3,486
  • Nov 12, 2007 10:27am Nov 12, 2007 10:27am
Quoting ycomp
pity i just installed firefox, hoping that would help... i have probs in netscape 9 and ie 7.. someone said opera didn't work for it either, so didn't try opera
BTW: that message form newpip replying to me i did see. I will try see the messages that are not showed here using IE...

but i hat IE, like the Linuxers trolls over all internet
  • #3,487
  • Nov 12, 2007 10:54am Nov 12, 2007 10:54am
[quote=giraia_br;1711029]-red dot: last WMA broke V-line
-blue dot: spine broke v-line (is this correct? this is the spine?)
-green dot: entry/fisrt bar open after the "signals".It was above a H-line
-yellow dot: exit/came back from the H- line


what was correct or incorrect with this entry?

it was relevant only last MA broke the V-line, only spine (see above that i don't know if it is the spine) or both?


This is how I see the spine and how I enter!

Hope it helps

Happy learning!

Alessandro
Attached File(s)
File Type: doc doc1.doc   166 KB | 1,077 downloads
  • #3,488
  • Nov 12, 2007 11:52am Nov 12, 2007 11:52am
I know that this is relevent for me and will probably also be for other rainbow traders.......

The main problem when it comes to trading is the urge to place trades when watching the market, talking yourself in to seeing a trade that isnt necesarily there, the need/want to make money........

This is where making goals to stick to come in to play, nowplease dont slate me for this, im just sharing an oppinion and something I feel would help me.

With oanda and also i think EFX there is the possibility to open 2 accounts and have them linked so that thesame trades are taken in both..... but with different risk %.

now, just as a suggestion.....

1 account where 5% was risked pertrade
1 account where 0.5% was risked per trade
(random %s used)
There would be substantially less funds in the 5% account

now thesame trades would automatically be made in both accounts, but you would only only look to tradethe best setups as to be very sure the 5% account would be safe.

Everytime you doubled the 5% account withdraw the earnings and ENJOY on your weekend! Drink, play golf, feel good, because you did your job well and hit your goal!
And the o.5% account would just sit there, Growing, and making you your house, car, holidays, kids school fee's, mansion, boat, whatever money!

Please tell me if anyone thinks this would be a good strategy to follow for them, I quite like it, and when my rainbow trading is up to scratch I will forsure be doing it. but maby the % per acc will need re-working.

Leon

responces welcome!
Living the adventure in my head.
  • #3,489
  • Nov 12, 2007 12:44pm Nov 12, 2007 12:44pm
[quote=italianfx;1711100]
Quoting giraia_br
-red dot: last WMA broke V-line
-blue dot: spine broke v-line (is this correct? this is the spine?)
-green dot: entry/fisrt bar open after the "signals".It was above a H-line
-yellow dot: exit/came back from the H- line


what was correct or incorrect with this entry?

it was relevant only last MA broke the V-line, only spine (see above that i don't know if it is the spine) or both?


This is how I see the spine and how I enter!

Hope it helps

Happy learning!

Alessandro
wow itanlianfx! it help me a lot! many thanks. I don't know if is because a chart that i was seeing before but this was the most clear explanation in this thread for me.

the unique doubt that i still have is about the blue dot. so it was not so important, right? i was think that the most important think to look was a thick line formed with many WMAs... so it is important when is forming a new wave but when it is formed i don't need pay special atetion to it, right?

I am really grateful to you. thanks a lot.

and sorry for my english
  • #3,490
  • Nov 12, 2007 2:16pm Nov 12, 2007 2:16pm
Hey Leonlorenzo,
I think LT once talked about a system like that--possibly it was in a different forum. If I get this correct you put like 2k in an account and grow it another 2k, then put that into a linked account at less leverage, each time you make 2k in your main account you throw into another lower leverage account. Of course this works for bigger/smaller accounts. Grows your accounts exponentially while spreading risk thinner. And sure, you could use one of those smaller accounts for car,boat,etc. But I would encourage you to invest it rather than squander it. If you have extra from trading, why not put it into real estate or something else that gives you positive cashflow every month, then use that money to buy whatever you want. (Real estate is an extremely excellent market right now to buy in!!! Always better to buy in buyers market although I've bought in both.) Trade forex for investing capital--just my 2cents. pkchilly
  • #3,491
  • Nov 12, 2007 3:09pm Nov 12, 2007 3:09pm
Newpip
were your entries made using Rainbow or some other system?




Quoting newpip
Depends on the market. From tens to hundreds.
  • #3,492
  • Nov 12, 2007 3:46pm Nov 12, 2007 3:46pm
newpip, thanks for the reply about Oanda. but now i want to know what time frame do you use? i don't know yet if i will use 30 ot 5 with fixed spreads.

many thanks.
  • #3,493
  • Nov 12, 2007 5:33pm Nov 12, 2007 5:33pm
As expected - just another nice day...
Attached Image (click to enlarge)
Click to Enlarge Name: 01min.png Size: 45 KB
  • #3,494
  • Nov 12, 2007 5:45pm Nov 12, 2007 5:45pm
Quoting pkchilly
Hey Leonlorenzo,
I think LT once talked about a system like that--possibly it was in a different forum. If I get this correct you put like 2k in an account and grow it another 2k, then put that into a linked account at less leverage, each time you make 2k in your main account you throw into another lower leverage account. Of course this works for bigger/smaller accounts. Grows your accounts exponentially while spreading risk thinner. And sure, you could use one of those smaller accounts for car,boat,etc. But I would encourage you to invest it rather than squander it. If you have extra from trading, why not put it into real estate or something else that gives you positive cashflow every month, then use that money to buy whatever you want. (Real estate is an extremely excellent market right now to buy in!!! Always better to buy in buyers market although I've bought in both.) Trade forex for investing capital--just my 2cents. pkchilly
I think maby you mis-understood. The method behind what I said is to keep the trader focused on ONLY taking the best trades and keeping concentration to build the smaller account to double, so that profits can be withdrawn very soon, ready to enjoy or use the money for living, while still building the primary account with these safe trades.
Obviously there will be people with the self controll to not need to perform this kind of personal bribery on themselves to remain focused and only take the good trades.....

Why play the 3diamonds and 9clubs if you can wait for 2 kings,2aces ect.
Plus you cant bluff the market, lol.

I do seem to get itchy fingers,and thats why I thought this up and decided to share.

Leon

Ps. Ive been thinking about LT's 90% hit rate, now to be serious....... THATS JUST A LICENCE TO PRINT MONEY!lol. But even 60% hit rate with winners being 50% larger than the loosers is that licence......... just some slower
Living the adventure in my head.
  • #3,495
  • Nov 12, 2007 6:29pm Nov 12, 2007 6:29pm
I'm using stripped rainbow. Price...

Quoting Topgun
Newpip
were your entries made using Rainbow or some other system?
  • #3,496
  • Nov 12, 2007 6:30pm Nov 12, 2007 6:30pm
I use 5 sec and follow the price.

Quoting giraia_br
newpip, thanks for the reply about Oanda. but now i want to know what time frame do you use? i don't know yet if i will use 30 ot 5 with fixed spreads.

many thanks.
  • #3,497
  • Nov 12, 2007 6:34pm Nov 12, 2007 6:34pm
The spread varies. The minimum is 2 and will change according to liquidity.

Quoting giraia_br
many thanks for reply.

spread for EJ on Oanda is 2, right? There is any moment when spread became 1 or less like ECN or it is the minimum?

thanks again.
  • #3,498
  • Nov 12, 2007 6:43pm Nov 12, 2007 6:43pm
Quoting newpip
I'm using stripped rainbow. Price...
Yes, Many have forgotten about the post #1 -- first screen shot -- in this thread... LoL
  • #3,499
  • Nov 12, 2007 6:52pm Nov 12, 2007 6:52pm
Exactly and thank you...

Quoting linuxtroll
Yes, Many have forgotten about the post #1 -- first screen shot -- in this thread... LoL
  • #3,500
  • Nov 12, 2007 9:29pm Nov 12, 2007 9:29pm
linuxtroll,

So, do you think we should look at 2 charts, with and without rainbow ?
3 traders viewing now