Reminds me of something a casino manager once famously said: 'If every person entering the casino stopped gambling after they were $5 up we would go broke!"

Linuxtroll Simple Scalping

Yes I see alot of people here trying to trade all day with mixed results..using the rainbow as a holy grail for all market conditions...LT's rules are all about making a consistent reliable income through low frequency HP trades - I think the time ...

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Are you trading EST 3:00 - 3:30AM?

Linuxtroll Simple Scalping

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 ...

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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

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Tick Charts — 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? ...

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spreadbetting? — A lot on this forum on using EFX etc. Any UK traders here tried spreadbetting this method? Ariel

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E/J partial exit — Partial exits keep the door open for the occasional home run... (E/J 5s)

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G/U 5min/ 5pip

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exit ideas — partial exit H line, rest discretionary or trailing

Linuxtroll Simple Scalping

If you like Trading in the Zone by M.Douglas, there is a 'Trading affirmations' CD , based on the book, which you can play to yourself to get into the right mindset or 'the zone'. I have found this to be useful in my trading.

Rainbow Patterns/Observations

trendline — Amazing how closely the flame respects the trendline on this down move...almost to the pixel...

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London open — For those trading the London open, just a reminder of the 'time shift' that happened over the weekend...London now back to GMT (from GMT +1).... url

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Corresponding EUR/GBP chart — Red line indicates time when attachments in the previos post were created.

How does USD affect EURJPY?

Forexgrail — The relationships between the various pairs can be decoded to give an 'absolute value' to each currency. This has been done in an excel sheet called 'forexgrail' which displays the relative currency strengths graphically. Its a ...

How does USD affect EURJPY?

If you can't lose you can only win — Trading is like driving blindfolded down a long road with a cliff face over the sea on one end, and a luxury golf course on the other. Your first aim should be to build a solid wall on the cliff end, making ...

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28 September CAD GDP — 2 possible channels

How do you trade news?

Good advice, thanks. LT has recommended the same in the past but I needed the reminder...

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Hi Viper Could you expand on this?

How do you trade news?

Spine entries — I'm still learning too....however I'm surprised you ignored all spine entries on your chart and traded in the areas of consolidation instead......spine cuts V lines and H lines at a good angle, esp after ranging for a while... ...

Linuxtroll Simple Scalping