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Linuxtroll Simple Scalping

  • #3,521
  • Nov 13, 2007 11:42am Nov 13, 2007 11:42am
Tried to apply the recommended WMA's to a tick chart - comes out as a very thin ribbon - not v tradable IMHO - I am changing it to 5*WMA to mimic 5s chart more closely (ie 1 - 780) - wonder if anyone trades off tick charts? Settings? Post some pics maybe?
Sorry if this topic has been covered.
Ariel
  • #3,522
  • Nov 13, 2007 12:01pm Nov 13, 2007 12:01pm
Quoting Blazer
Hello,

I have done something today never done before,If I will make this for ten days in a roll,I have found the linuxtroll way.

http://i198.photobucket.com/albums/a...papertrade.jpg
WOW!

i have a lot of false trades today...
  • #3,523
  • Nov 13, 2007 12:03pm Nov 13, 2007 12:03pm
Quoting arielkorber
Tried to apply the recommended WMA's to a tick chart - comes out as a very thin ribbon - not v tradable IMHO - I am changing it to 5*WMA to mimic 5s chart more closely (ie 1 - 780) - wonder if anyone trades off tick charts? Settings? Post some pics maybe?
Sorry if this topic has been covered.
Ariel
Hey!! another UK trader, I feel better now. I looked in to tickcharts a bit a while back, Im hoping the new EFX charting will have the option.

Did you try 10, 20, 30 -200? it should work fine on a tick chart!
Living the adventure in my head.
  • #3,524
  • Nov 13, 2007 12:27pm Nov 13, 2007 12:27pm
i had used 2 tickchart, but the problem is on my software u didn't get a chart with a logarythmic time scale... sometimes a square is 2 minutes sometimes 3 minutes sometimes 1 minute depends on the tickvolume... thats a problem because u have not really good coordinate system to watch HV Lines... on several system u can change the price scale in horizontal lines each 5 pips... i found 5 sec is the best...
  • #3,525
  • Nov 13, 2007 12:35pm Nov 13, 2007 12:35pm
Quoting Blazer
Hello,

I have done something today never done before,If I will make this for ten days in a roll,I have found the linuxtroll way.

http://i198.photobucket.com/albums/a...papertrade.jpg
Nice!! that 80% return on your day.. well a bit less because of 1/3 comms.

What is your money management? it seems very aggresive isn't it?

And what is your position sizing. I expect not more than 12 lots (of 10k).

I'm with MBT too, and made 2.4% return for the day using 0.5% position sizing for each trades (3 big winners, 3 small losers).
I used to be schizophrenic, but now we are sane.
  • #3,526
  • Nov 13, 2007 12:36pm Nov 13, 2007 12:36pm
Quoting Leonlorenzo
Hey!! another UK trader, I feel better now. I looked in to tickcharts a bit a while back, Im hoping the new EFX charting will have the option.

Did you try 10, 20, 30 -200? it should work fine on a tick chart!
Hi!
In my experience, 30 - 200 on tick was equivalent to just the flame part of the 5sec rainbow.
Tick chart available via IGIndex if you have an account there.
Tried spreadbetting EJ?
Ariel
  • #3,527
  • Nov 13, 2007 12:37pm Nov 13, 2007 12:37pm
Here is this european morning charts for the BP. The first is a 8 tick chart (it can be as fast as 1 sec or as slow as 30 sec...) and the same chart in 5 secs chart...

Tick charts are smother (as you know it does not plot useless bar during low action times...) and reduce a lot whipsaws but you lose the control of time.... like always there is a trade off !!!

Look how good the the 144 WMA provide support in the tick chart at +/- 11:30 to 12:00 PM ... u will never have gone short as probably the 5 secs chart would have signaled ...

jjrvat

Attached Image (click to enlarge)
Click to Enlarge Name: Tick vs Secs.jpg Size: 113 KB


Quoting arielkorber
Tried to apply the recommended WMA's to a tick chart - comes out as a very thin ribbon - not v tradable IMHO - I am changing it to 5*WMA to mimic 5s chart more closely (ie 1 - 780) - wonder if anyone trades off tick charts? Settings? Post some pics maybe?
Sorry if this topic has been covered.
Ariel
  • #3,528
  • Nov 13, 2007 12:39pm Nov 13, 2007 12:39pm
Quoting Iqtrading
i had used 2 tickchart, but the problem is on my software u didn't get a chart with a logarythmic time scale... sometimes a square is 2 minutes sometimes 3 minutes sometimes 1 minute depends on the tickvolume... thats a problem because u have not really good coordinate system to watch HV Lines... on several system u can change the price scale in horizontal lines each 5 pips... i found 5 sec is the best...
Yes not good if you rely on V lines... I personally don't....The compression and expansion of the time line I assume is proportional to volatility and momentum, which, as an added dimension, may give a better 'feel' for the rainbow?. Don't know if that is true but would like to try.
  • #3,529
  • Nov 13, 2007 12:39pm Nov 13, 2007 12:39pm
Heres some tick examples of the rainbow set up

EJ> 1tick> wma 5-200
Attached Image(s) (click to enlarge)
Click to Enlarge Name: activetickrainbow.jpg Size: 143 KB
Click to Enlarge Name: tickrbun.jpg Size: 163 KB
Living the adventure in my head.
  • #3,530
  • Nov 13, 2007 12:43pm Nov 13, 2007 12:43pm
Blazer,
would you be able to post your chart of trades made today? I got killed trading the EJ after 8est. Can't figure out how anyone could make money in that chop unless you were range trading or quit by 8am EST.
Maybe I need to start getting up earlier...
  • #3,531
  • Nov 13, 2007 12:49pm Nov 13, 2007 12:49pm
The morning was actually pretty nice overall but around NY open it got a lot more choppy so I quit trading for the day. I don't trade choppiness since it compromises my ability to make a profit. Not as nice as yesterday of course, but there were still lots of trade opportunities.
  • #3,532
  • Edited 1:06pm Nov 13, 2007 12:54pm | Edited 1:06pm
Quoting arielkorber
Yes not good if you rely on V lines... I personally don't....The compression and expansion of the time line I assume is proportional to volatility and momentum, which, as an added dimension, may give a better 'feel' for the rainbow?. Don't know if that is true but would like to try.
for me its to see what happend in 5 minutes, this is a like a bar, so u can see if it is a engulfing, harami, doji, or something other, thats what the other see on chart... 5 minutes is a tradeable chart for candlesticks and bars...

i found the dimension time is very important, because many orders happend at first 1/5 of five minutes... and the candle and bar traders ever have to wait for closing of a candle...
Attached Image
  • #3,533
  • Nov 13, 2007 1:00pm Nov 13, 2007 1:00pm
Hello,

This is super agressive scalping,(133 trades and I am still trading)naked and with Linuxtroll advice to add more lots(10 lots/per ...) and aha moments.
I don't know if I can make it every day .We will see.
E/J doesn't help the last 4 hours at all.
Learn something difficult and earn real money for ever, a lot.
  • #3,534
  • Nov 13, 2007 1:07pm Nov 13, 2007 1:07pm
GBP/USD looks relative good at the moment
  • #3,535
  • Nov 13, 2007 1:12pm Nov 13, 2007 1:12pm
Watch this...
I'll short the GBP and it will turn around.
  • #3,536
  • Nov 13, 2007 1:15pm Nov 13, 2007 1:15pm
Quoting FiboFan
Watch this...
I'll short the GBP and it will turn around.
Where u shorted it, at moment its stalling around big number

and at 8p.m. GMT pending home sales maybe last action for the dollar today...
  • #3,537
  • Nov 13, 2007 1:17pm Nov 13, 2007 1:17pm
i'm waiting to see if it breaks 2.07
Although if you want to make some money go long and as soon as i short it you'll be making money.
Atleast that is how my day is going so far.
  • #3,538
  • Nov 13, 2007 1:31pm Nov 13, 2007 1:31pm
Quoting FiboFan
i'm waiting to see if it breaks 2.07
Although if you want to make some money go long and as soon as i short it you'll be making money.
Atleast that is how my day is going so far.
I feel what ur saying man. Sometimes I think that if I changed my SL's to TPs and traded the opposite direction I could make alot of money lol. All this is the reason the market exists as it is, not everyone can make money, and if they did there would be serious problems.

leon
Living the adventure in my head.
  • #3,539
  • Nov 13, 2007 1:35pm Nov 13, 2007 1:35pm
for those who's trying to set up the rainbow for the first time or still playing with settings let me suggest using squares for wmas - 9,16,25...
it looks good
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot003.png Size: 49 KB
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #3,540
  • Nov 13, 2007 2:04pm Nov 13, 2007 2:04pm
After trading all day the EJ and AD are finally starting to behave and be profitable. Smooth readable trends.
That's what I'm talking about!!
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