Scalping the Rainbow

Plese feel free to post your results here...I may learn something too

Now that you have found it try using it on an even smaller timeframe with bigger lots and watch what happens

Thx fx, I'll try that...the risk would be higher, but if I can do more than 90% I think would work. I was thinking to try bigger TF also for more like swing trading

What do u mean by that?

Well to me it doesn't seem like there is. Maybe if you could explain how you enter and exit a bit better then you did before. Like on the weekend make a PDF like other people with systems do.

I do this every day on a 1sec timeframe with big lots, minimal risk as market exposure is minimal, and bring home amazing returns.

Thx, it is simple, preatty and it works...people complicate things by nature, but I found that simple things work the best...trend and breaking the s/r lines are basic concepts, combined with a bit of fundamentals (news releases) and good money management. By this can even eliminate the rainbow and the higher TF and trade a chart with only a single line for price. that would be awsome

Sorry, I don't understand what u mean by "signs" and "its going to drop as far as I can see"...could you explain in other words? You mean signals for entry by signs?
Try to read the tread from the beginning and post #55 in special...zoom in the pics and see the round whyte circles are zones for entries...all r good
cheers, Q

Dude. If you really want to get the best bang out of trading the rainbow, just google "Cyrox"....

Cyrox sells for about $600...i like to make my own systems, that's where the beauty is, in the journey, in discovery...that's what a real man do, achieve something great. That is what today's generation lost. Edison didn't buy the bulb, learn it or steal it, he tried thousands of times until succeeded. btw i'm an inventor too, that's why i have this mentality.
We, people from the countries that got sold by US to the russians at the end of WW2, we received a great education, for free, and we didn't pay taxes, but we been forced to invent, was a matter of survival. I trade for fun, money is the second reason. I've been in two wars and a bloody revolution, you learn from such times what is more important in life. This life principles you learn, when you apply them anywhere, you will be successful at what you are doing. Without the foundation, the house will fall.
Just some toughts, guys, I hope I did't offend enyone and I hope also that some of you r learning something in this tread.
Have fun trading, if you're not having fun, something is wrong and turns into a nighmare sooner or later.
Find the keys and use them on the right door at the right time. Burglars now this principles...entry, exit, keys, tools, speed, patience, timing...etc...at least those that didn't get caught
Play chess...it will teach you most valuable skills.
Q

Hey man I was looking at other forums on this kind of trading and found this and so far it seems like the signals this thing has been sending seems right, you just need to flip between time frames because it some times has like 5 or so arrows right next to each other and I'm thinking this is what people are talking about on it not repainting.

I just figured you could look at it tell me what if you think its dead on or not.

Here are two examples of trades with higher TF.
I use also the well-known indy Laguerre.
In the first chart , the trend is down (white thick line).
So I'm waiting for a re-emergence of red MAs and a Laguerre crossing below 0.85. There are 2 possibilities in short.
In the second chart, the trend is up. There is a strong re-emergence of red MAs with a Laguerre crossing above 0.15.
Laguerre is interesting for confirmation of entry.
Long : trend up - re-emergence red lines - Laguerre crossing up 0.15
Short : trend down - re-emergence red lines - Laguerre crossing down 0.85

Madscalp,

Interesting! I was just looking at Laguerre last night, and testing the same idea you presented. Also looking at using it for an exit signal, perhaps crossing over/under 50 to allow a form of a trailing profit stop. I will be testing this further this weekend - please keep me posted on your results, and I will do the same.

Sentinel

I'm beginning now this way of trading. So I have to wait a little about the results.
It's possible also to work with one volatile pair and different TF to look for the better entries.
About exit, the best is when the red MAs dip again.
In the second graph, it's true, the Laguerre is remaining above 0.50: so we can keep the long position.
The more important rules (4xq) are a good trend and a re-emergence of red MAs.

On this graph, we see bad entries with nevertheless a good trend because the Laguerre is between 0.15 and 0.85.
The 3rd entry is good because the Laguerre crossed quickly 0.15.
With higher TF, it's easier to take a trade and choose a exit with more profit.
In my opinion, in 1m or 5m scalping, we have to trade very fastly: so when there is volatility, it's better to choose 4xq's rules ( 10 TP and 20 SL )

No comment.

I guess lags are good for determining counter trend periods.

We have the three conditions for short on the arrow but the following minutes don't confirm our trade.
As long as the Laguerre indy don't go up again above 0.85, we have to keep the position.
Finally, our short is excellent.

Hello, it's look great sys.

madscalp can you give to us lagurre indicator I can not find it in matatrader


thanks alot

Of course.