We will see. I went into the negative today. I will post the pictures of my setups i took and maybe we can work out what happened it took my gains from the week into minus. I will make it back.

Scalping the Rainbow

oh ok, cool. I just got stopped out on my EURCAD trade.... got to make it back now will post the final results at the end of today.

Scalping the Rainbow

What moving average you use on the m5 if I may ask?

Scalping the Rainbow

do you enter the first pullback on the m1 after the rainbow is lined up together with the m5 chart?

Scalping the Rainbow

I am now looking at to enter the EURCAD, still got some time before the CAD rate decision. on the 30 min chart price is trading above the 200EMA and the 5 min EMAS are nicely lined up also there is a little pullback on the 5 minute. I will see what ...

Scalping the Rainbow

Hi mate, just a quick one. Since we are here to learn from each other, how do you choose your entries? do you go off the simple pullback (2nd Entry) I can't figure out the first entry you did? Was it of the broken resistance? Thanks

Scalping the Rainbow

I totally agree, I always use the SL more often I put the SL right above the last peak or valley on the 5 minute chart. It's good that you use naked chart, the indis comfort me in some sort of a weird way. I'm back at my desk right now and I will ...

Scalping the Rainbow

Hi. I set SL for all my trades it ranges from 15 to 20 pips. I know its not 2 to 1 and sometimes it's not even 1 to 1 ratio, that's why I need to learn to hold the trades for longer. On your entries its much better to wait until the price dips into ...

Scalping the Rainbow

HI Mortezakh, I just made a trade on EURGBP (top of the account statement). Please see the below my entry point from this morning. I looked at the 5 minute EMA together with the 30 minute EMAs. They all pointed down also there was still some room ...

Scalping the Rainbow

Great. It will be nice if you could share your experience like you said. Hopefully through all that we can make it even better. New day tomorrow and I will post all my trades together with the analysis.

Scalping the Rainbow

Also I forgot to mention that I use pivot points and S/R on the 5 minute charts as points of reference.

Scalping the Rainbow

I have to be honest the only thing I struggle with a little is when is the best time to exit, I'm not as good as letting the trade run. I have to work on that. Hopefully it will come with time and practice.

Scalping the Rainbow

the CCI entry over 100 or below 100 do work best in strong trending markets all EMAs pointing at 4 o'clock or 2 o'clock. When the market is in the established downtred but is not dropping hard the Laguerre entry works pretty good, short when it ...

Scalping the Rainbow

Hi Mortezakh, I follow the rules set out in the post 408, I believe that's the latest version of the Wolf for scalping. I never got to trade the LionKing version of it as i'm not a huge fan of CCI trendlines (I make too many mistakes on them). I ...

Scalping the Rainbow

Ok. I think I'm done for the day. I made one more trade on EUR/USD not a long ago, closed majority of the trade and moved the rest to BE and got stopped out with a little loss (actually it is the trade commission that took the trade into the red). ...

Scalping the Rainbow

I don't know if anybody is going to be reading it, but I will be posting my results anyway

Scalping the Rainbow

Also, I will start trading 5 min rainbow and 30 min as trend chart for this system. I want to get more pips out of the market.

Scalping the Rainbow

As promised, I am sending another screenshot of the actual trades I took using this system. Only 2 trades today as I am working at the same time so I don't have that much time to spend in front of the screen. Is anyone familiar with the thread to ...

Scalping the Rainbow

Hi All. I found this thread as I originally was looking into the Guppy's MMA as I always struggled to see the right direction of the market (I was overcomplicating it). Actually the whole thing started with 3SMA strategy. Anyway that aside. I looked ...

Scalping the Rainbow

Hi all. just curious if anybody has been using this system since 2010, it'd be great to know if you guys improved it or stayed with the original idea?

Great 5M pullback system