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  • #261
  • Apr 16, 2008 5:14am Apr 16, 2008 5:14am
The breakout above 1.5850 continued. This is a snapshot of the re-entry trade. Another 30 pip gain.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd scalp 2.jpg Size: 77 KB
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  • #262
  • Apr 16, 2008 5:29am Apr 16, 2008 5:29am
hi

could you kindly tell me the setup/method used to focus entry/exit points pls?

tks alot

Quoting georgeo
The breakout above 1.5850 continued. This is a snapshot of the re-entry trade. Another 30 pip gain.
  • #263
  • Apr 16, 2008 7:01am Apr 16, 2008 7:01am
Quoting FXSurfer
http://www.cyrox.com/forum/index.php

Here's another place where scalpers
are scalping!


Brent
Hey man. What are you doing way over here. You get back home now.
It's almost supper time and it's your turn to bring the pips to the table.
  • #264
  • Apr 16, 2008 10:44am Apr 16, 2008 10:44am
Quoting tjsun80
Can you share out your system?
Basically, I do not use any indicators, because in my opinion you can see what you need to see with your own eyes. I use support and resistance to trade. I trade bounces, meaning when the price bounced away from support or resistance I enter a trade. Also, I would certainly trade a break away, meaning if the price breaks through support or resistance I enter a trade, but in this case you better be watching your trade closely
  • #265
  • Apr 16, 2008 12:10pm Apr 16, 2008 12:10pm
Below is my last trade of the day. Lost 10 pips and then gained another 30 for a 20pip net. 90pips today. Not bad for scalping. Adrian KISS read all posts by Linux Troll on this thread. Practice Exp n. Look for consolidation and breakouts then go with the wave. Breakouts above/below areas of resistance and support are the best. I also look at HISTORIC charts 60minuts and daily charts to guage trend direction. Notice all trades today were longs with one failed short.
Attached Image (click to enlarge)
Click to Enlarge Name: usdyen scalp 2.jpg Size: 118 KB
financial success is achievable
  • #266
  • Apr 17, 2008 2:24am Apr 17, 2008 2:24am
thanks, am getting a better picture now through the thread

1 thing however pls, could you send me the settings of the MACD cause i cant get them right?

tks

Quoting georgeo
Below is my last trade of the day. Lost 10 pips and then gained another 30 for a 20pip net. 90pips today. Not bad for scalping. Adrian KISS read all posts by Linux Troll on this thread. Practice Exp n. Look for consolidation and breakouts then go with the wave. Breakouts above/below areas of resistance and support are the best. I also look at HISTORIC charts 60minuts and daily charts to guage trend direction. Notice all trades today were longs with one failed short.
  • #267
  • Apr 17, 2008 3:23am Apr 17, 2008 3:23am
After a major rise yesterday and with resistance showing on the 1H i decided to seek for short positions on this and wil be doing so for a greater part of the day today. My first attempt has obviously failed. -10 pips. By the way I think my broker is pissed. I have been getting lots of trade denials lately. Oanda has not compalined though except for the timeouts from the server.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy failed scalp.jpg Size: 98 KB
financial success is achievable
  • #268
  • Apr 17, 2008 8:30am Apr 17, 2008 8:30am
I use the 5 minute after 12 pm NYT and 1 minute at the hot hour (9am)
  • #269
  • Apr 17, 2008 8:46am Apr 17, 2008 8:46am
That would be MACD (12,16,9)
financial success is achievable
  • #270
  • Apr 17, 2008 9:02am Apr 17, 2008 9:02am
Quoting georgeo
After a major rise yesterday and with resistance showing on the 1H i decided to seek for short positions on this and wil be doing so for a greater part of the day today. My first attempt has obviously failed. -10 pips. By the way I think my broker is pissed. I have been getting lots of trade denials lately. Oanda has not compalined though except for the timeouts from the server.
Get an account With MBTrading.com ..... they are good for scalping your rainbow.
  • #271
  • Apr 17, 2008 9:16am Apr 17, 2008 9:16am
thanks, the crossing lines I cannot do sorry my fault didnt tell you that part

Quoting georgeo
That would be MACD (12,16,9)
  • #272
  • Apr 17, 2008 5:23pm Apr 17, 2008 5:23pm
Hey Georgeo, didn't see you around the Rainbow thread in the past...Nice to see another Cyrox scalper here who's doing good...stop by sometimes...we moved to 1 sec...
  • #273
  • Apr 18, 2008 5:27am Apr 18, 2008 5:27am
Two so far as detailed below. I think the examples will be suffice. The images are filling my HDD and frankly I hope new chaps get the drift. Hey Flash look at the date I joined. I kissed my boss goodbye and this has been a fulltime thing.Realistcally, the profits started to add up when I finally learnt to take losses. O Peace everyone. I will look for a post a long lasting scalp entry. 100 pips in with a trailng stop. I wonder how that will fit in a screen and if its really possible.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SCALP AUDJPY 04.19.08.jpg Size: 90 KB
Click to Enlarge Name: SCALP EUR USD 04.18.09.jpg Size: 74 KB
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  • #274
  • Apr 18, 2008 6:14am Apr 18, 2008 6:14am
Well I think I spoke too soon. The long position from the last post reversed and vualla!!!!! 100 pips. Its Friday lunchtime where Im located. I'm calling it a day/week heading to have some fun. Oh yeah scalpers have fun too. We are more in charge of our time. Have a great weekend guys and see you next week. I wonder what I'll have to post exactly? Is this why the the thread is not very active? Once you get it all you need to do is practice. May I be bold to suggest we share setups? Mine is already in the open. Anyone else?
Attached Image (click to enlarge)
Click to Enlarge Name: 100 PIPS SCALP.jpg Size: 79 KB
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  • #275
  • Apr 18, 2008 6:48pm Apr 18, 2008 6:48pm
georgeo
post your screens in real time
  • #276
  • Apr 19, 2008 6:01pm Apr 19, 2008 6:01pm
Aha...so not so long with the Cyrox rainbow or now in the open after a long time? You can find my setup on the other forum...but im using the original rainbow (colored version) on 1 sec. TF.
  • #277
  • Apr 19, 2008 7:27pm Apr 19, 2008 7:27pm
FlasCall, Georgeo dont use Cyrox LWMA Rainbow Setup, He uses EMA .

Still this is a very good trading method .
  • #278
  • Apr 20, 2008 8:23am Apr 20, 2008 8:23am
Quoting georgeo
Two so far as detailed below. I think the examples will be suffice. The images are filling my HDD and frankly I hope new chaps get the drift.
Hi Georgeo,

Those are very nice trades, congrats So your entry is mostly on strong MACD divergence right after the cross with (12,16,9) settings on 1m as I understand (and the mas openning up abviously) ? What's the size of your trailing stop then (looks like for 1m EUR/USD at least even strong divergence in MACD doesn't have to mean that many pips often and the ts size should still be 10-12+ pips to capture the bigger moves) and do you wait some set amounts of 1m candles after the cross to enter ?

Thanks
On the path to Enrichment.
  • #279
  • Apr 20, 2008 11:38am Apr 20, 2008 11:38am
Hi Georgeo, couple questions about your chart. First, is your entry below the Line1 or did you wait for price to break above that resistance line? And second, you have 2 lines on your Macd indicator...how did you get 2 on there? I can only put one on there...not sure how to get that linear one on there.

Thanks and nice work!

Quoting georgeo
Here is an example of a trade executed today. I actually grabbed 24 pips. This was my only trade of the day. May post more tomorrow. Including failed breakouts.
  • #280
  • Apr 20, 2008 12:46pm Apr 20, 2008 12:46pm
Quoting Syafi

Still this is a very good trading method .
Anything's good when there's a trend...
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