Scalping the Rainbow | Page 23 | Forex Factory

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Scalping the Rainbow

  • #441
  • Sep 17, 2008 6:42pm Sep 17, 2008 6:42pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Dahlia
Oh no! I just discovered this thread and the method seems very intriguing. And now you're telling me that everything I read is worthless without the missing posts?? Please say it isn't so...

4xq, or anybody else who's been following along... Can someone please put together a summary or something for us new to this thread that would include the missing info?

Thanks!
The 4XP Wolfenstein v1.3 rules are in post 408 and files in 413
What is missing are the principles...may work without that, but not so good, can't post again...they remove that
"Money is only a part of wealth" Q.
  • #442
  • Sep 17, 2008 6:50pm Sep 17, 2008 6:50pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting artov
Hello Dahlia,

I finished reading a week or so before the posts were removed and also made then a summary, here you go:


Money Management:
- SL 12 pips
A litlle different



Quoting 4xq

4XP Wolfenstein v1.3

  1. 1m chart with the WMMA(2-200) Rainbow and CCI(21) + optional pivots indicator

  2. 5m chart with Color MA(34); plot past swing levels (past pivots, then transfer these on 1m)

  3. Determine best time to trade (good volatility). Don't trade at open or news time, wait until price stabilizes

  4. Determine the major trend (look at 5m to 1H). Best when 5m in same dir as 1H

  5. Entry: - Price re-emerge in dir of trend from at least a yellow dip or touch + cci goes over 100(for long)...under -100(for short) + optional break s/r or pivot and closes there

//--- Use scripts for speed, with calculated risk and money management (1 mini lot for every $500 in the acct. and SL10; this is a 2% risk)
//--- SL may be different for different pairs, check ATR and test, don't take it if price has a pivot just ahead


6. Exit: TP 10-12 pips, SL10 or when price dips at least to yellow and breaks cci trend line against the trade




7. Have Fun

My Money Management formula is (Acct size ($) /1000 * Risk %) / SL....gives you the trade size
"Money is only a part of wealth" Q.
  • #443
  • Sep 17, 2008 7:19pm Sep 17, 2008 7:19pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
The removed posts are in the Recycle bin, but not for long
http://www.forexfactory.com/showthread.php?t=102991
"Money is only a part of wealth" Q.
  • #444
  • Sep 17, 2008 11:41pm Sep 17, 2008 11:41pm
So all it back online :nerd:
  • #445
  • Sep 18, 2008 1:44am Sep 18, 2008 1:44am
Quoting Ronald Raygun
Here's an indicator I whipped together. It shows MA consolidation. The closer to 0, the more likely a breakout will occur.
Hi Ronald
Could you explain how you use this indy with the rainbow system ?
Regards.
  • #446
  • Sep 18, 2008 9:28am Sep 18, 2008 9:28am
Quoting madscalp
Hi Ronald
Could you explain how you use this indy with the rainbow system ?
Regards.
Simple.

The indi takes the value of all MAs, and calculates the the spacing between each. So when the indicator is near 0 and has an average spacing of 0 pips, it's likely that a breakout will occur. It's just a matter of direction.
  • #447
  • Sep 18, 2008 10:22am Sep 18, 2008 10:22am
Quoting Ronald Raygun
Simple.

The indi takes the value of all MAs, and calculates the the spacing between each. So when the indicator is near 0 and has an average spacing of 0 pips, it's likely that a breakout will occur. It's just a matter of direction.
Thanks
In 1 mn chart, I noticed when the indy is near 0 and 3 bars increasing, it's normally a buy signal and 3 bars decreasing a sell signal.
Do you trade like that ?
  • #448
  • Sep 18, 2008 10:48am Sep 18, 2008 10:48am
Quoting madscalp
Thanks
In 1 mn chart, I noticed when the indy is near 0 and 3 bars increasing, it's normally a buy signal and 3 bars decreasing a sell signal.
Do you trade like that ?
No

I use it as a tool to detect market consolidation. I still have a rainbow on my chart to help me determine direction.
  • #449
  • Edited 4:30pm Sep 18, 2008 3:46pm | Edited 4:30pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts

http://www.forexfactory.com/showthre...44#post2229044
"Money is only a part of wealth" Q.
  • #450
  • Sep 19, 2008 12:20am Sep 19, 2008 12:20am
Hi 4xq,

Thank you for sharing your system.
Could you please mention which version of your Scalping the Rainbow do you recommend mostly to obtain consistent results?

Thank you

Alfa99
  • #451
  • Sep 19, 2008 4:21pm Sep 19, 2008 4:21pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting alfa99
Hi 4xq,

Thank you for sharing your system.
Could you please mention which version of your Scalping the Rainbow do you recommend mostly to obtain consistent results?

Thank you

Alfa99
4XP Wolfenstein v1.3...the latest
"Money is only a part of wealth" Q.
  • #452
  • Sep 19, 2008 4:40pm Sep 19, 2008 4:40pm
4xq, i am looking forward to your EA. I will be glad to test it out, that's awesome that you are willing to share it with others for free, thanks.

When do you think to post it? And how have you been doing lately with wolfenstein 1.3?
  • #453
  • Sep 19, 2008 7:56pm Sep 19, 2008 7:56pm
Dan.

Don't let a few a....holes make you leave the flock of serious followers behind, mate.

Although not everybody posts here, be assured there are a bunch that follow and learn what you teach here.

That you will be blessed in all your undertakings.
  • #454
  • Sep 19, 2008 8:42pm Sep 19, 2008 8:42pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Freddyfx
Dan.

Don't let a few a....holes make you leave the flock of serious followers behind, mate.

Although not everybody posts here, be assured there are a bunch that follow and learn what you teach here.

That you will be blessed in all your undertakings.
Hey Freddy, good 2 see you around, thx...just my limited knowlege
"Money is only a part of wealth" Q.
  • #455
  • Sep 19, 2008 10:06pm Sep 19, 2008 10:06pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Here is my free seminar (workshop) of my version of Cyro*

4X3.14Rock$ v.1.6180339887498948482

Setup:
NO CHART AND SPECIALLY NO RAINBOW...crazy, huh?

After openning and news find a time with good movement.
Jump in with high lots for ~P pips after seing into the future ~P seconds.

Here is the spot of the movie where you say: He is really nuts, or ...he smoked something realy bad today
I should start a new tread with this...better not...I tried once with an awsome method and the limited sent me to detention in rookie land

How you see in the future P sec? Simple:
Look at the price of a very fast broker...place the trade on a very slow broker...that's it...simple
I love market makers

Try it, don't take my word for it. I don't do that anymore because risking a high precent of the acct in one trade is not my cup of tea anymore.

You should see the flack now...oxoxox
Q
"Money is only a part of wealth" Q.
  • #456
  • Sep 20, 2008 6:19am Sep 20, 2008 6:19am
Hi 4XQ,

Seems that your thread above is closed. I fail to comprehend why this is so. Surely even non-believers will understand that the universe holds many many mysteries which most of us cannot yet comprehend fully, unless we attempt to connect with it through the only Pure Spirit, the creator we call God.

Regards
Pardy
  • #457
  • Sep 21, 2008 6:09am Sep 21, 2008 6:09am
So u were legally banned form using the rainbow?

So no one is now allowed to use more then 10 MA's on a chart? if that is so Linuxtroll go suck a Di.ck how can u own MA's? ( If not then please don't do that troll man)

why don't you go and start your own form on the method and change the rainbow just enough so it's not in copyright.

Like I said no one can own the rights to MA's that is rubbish.
  • #458
  • Sep 22, 2008 2:14am Sep 22, 2008 2:14am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting >Apocalypto<
So u were legally banned form using the rainbow?

So no one is now allowed to use more then 10 MA's on a chart? if that is so Linuxtroll go suck a Di.ck how can u own MA's? ( If not then please don't do that troll man)

why don't you go and start your own form on the method and change the rainbow just enough so it's not in copyright.

Like I said no one can own the rights to MA's that is rubbish.
No, it is nothing like that, there is no copyright, I just wanted to prove that I don't need the rainbow, I didn't even used it here the way cyrox do, they told me that...I may use it again if I get bored of the one white line
"Money is only a part of wealth" Q.
  • #459
  • Sep 22, 2008 2:25am Sep 22, 2008 2:25am
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Pardy
Hi 4XQ,

Seems that your thread above is closed. I fail to comprehend why this is so. Surely even non-believers will understand that the universe holds many many mysteries which most of us cannot yet comprehend fully, unless we attempt to connect with it through the only Pure Spirit, the creator we call God.

Regards
Pardy
Thx, at least somebody understands where i was going with that....I only started to scrach the surface in my spiritual journey, but I know people that are way advanced in this and I'm learning a lot from them
I closed that tread because seemed to me that nobody understands and I'm wasting my time
"Money is only a part of wealth" Q.
  • #460
  • Sep 22, 2008 5:18am Sep 22, 2008 5:18am
When Jesus start preaching, No body understand, and call him all kind of thing, yet he never thought He was wasting his time . just several days and you already give up . a Knight don't give up now you can open it back.

Remember Gann, his best trading method is praying to Yhwh
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