Wolf on those post #'s (227 or w/e) uses CCI as exit :/ I guess if it doesn't hit our 10 pip T/P then we use that as exit to avoid a 20 pip loss? or a 10pips loss? BTW how are we using ATR to calc S/L?

Scalping the Rainbow

so Wolf's S/L has been lowered from 20 to 10? If so thats better because after spread it would have cost 20 pips for a loss, and for a win given up 8 pips with say EUR/USD. That would mean you have to do better than 70% to even BE. But now If the ...

Scalping the Rainbow

btw how are you using CCI's to exit the trade? I'm drawing the lines and the flags are developing themselves, just wondering how you're doing it BTW: can you please share your daily avg range and Pivot Point indicators. Mine are ok I just wants to ...

Scalping the Rainbow

sofar I've been using the original method in post #1, should I switch the WMA 12 to the MA 34, and by MA i assume you are talking about Simple MA 4xq? I'm trying to take in as much info as I can.. I am recored the london open to NY close everyday so ...

Scalping the Rainbow

Great short today after 08:30 news around the time of 09:10 and then again breaking S/R at 09:42, about 5-9 pips of the first trade up to 29 on the second, 20 pips with YELLOW crossover exit

Scalping the Rainbow

My charts dont go back that far but I found another chart on here of that entended in time. Now I'm wondering about your trades today. I don't understand the exit of the E/U (why it was held when red retracted back to yellow). G/U doesn't look wise ...

Scalping the Rainbow

incred, how do you even get 1sec charts? I dont think ibfx has that option

Scalping the Rainbow

4qz I was asking you about your analysis in post #30, usually all questions are directed towards the thread creator unless its convo within a thread in a small time frame also I see that EUR/USD trade but what made you get out of it when you did? I ...

Scalping the Rainbow

I was talking to james about the indicator and the post # is 30

Scalping the Rainbow

Trade today off Asian Open, EUR/USD Long 00:07-08 GMT @ 1.4752 T/P @ 1.4767 (+13pips after spread) -- once RED retracted to YELLOW around 00:35 as of 00:45 could have let the trade ride for a current +24 pips, You also could have reentered when it ...

Scalping the Rainbow

hmm what would be the best to set the pivots at tho, I haven't been in this long enough but will the coincide with gmt = 00:00 the whole year or what will happen when DST wears off? Also is there anyway to create this rainbow indicator in dealbook? ...

Scalping the Rainbow

Thanks guys, I've read that zero sum pdf before, dunno where I found it, probably here. A

How to profit off Stop-Hunting?

ah ok btw where did you get the indicator showing the daily range/prev daily range, open/close, and the pivots, I'd be interested in that very much!!!

Scalping the Rainbow

when you're talking about the top white horiz line here you are talking about the previous peak correct? Of so I don't see how #4 broke that..(atleast yet in that timeframe)

Scalping the Rainbow

jame it looks to me like you took that a little early, the red was not even poking though yet...

Scalping the Rainbow

ahh sorry I got confused lol. well I guess I'll test this system myself and I have read the thread. The problem with looking at someone elses entries are that you do not know their thought process behind it.

Scalping the Rainbow

hmm ok I'm looking at some stuff for E/U today.... Wondering if this would be viable in the long run since there has been owhat 2 months of testing sofar? and summer months at that also, what is the exit strat? I'm not going to take a guess lol also ...

Scalping the Rainbow

Guys I'm wondering if this is the same james16 from babypips

james16 Chart Thread

Ahh ok ty, I've been using dealbook atm. I'm new to trading say a month or two but I'm picking up quick Right now I'm trying to see the viability of .00 levels and setting entry orders with the trend about 15 pips above/below them and having the ...

Scalping the Rainbow

jarroo how do you deal with news? Alot of news tends to be released around 8:30 GMT and/or 11-12GMT. How do you effectively deal with this I'm just wondering. Don't trade red news but yellow and orange are ok, or don't trade red or orange?

The DIBS Method... No Free Lunch continues