This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Scalping FX with Cyrox Rainbow

Jump to new
Re: Linuxtroll simple scalping

...10 pips a day keeps your current employer at bay!...



 
Re: Linuxtroll simple scalping

Thank you for this Thread and the information in it.

I have setup the charts and am trading with OANDA tonight for the first time.

I was down $10k a short time ago but started to get into the swing of it and have reclaimed $8k so far.

Which systems would anyone recommend for trading real time through?

Thanks!
 
Re: Linuxtroll simple scalping

Tonights trades, took it easy tonight took only what I thought are sure things. made two nice plays with out taking and silly ones. Future looking nicer!

:engel: God bless Linuxtroll!

Tayser I am also using Phil Nell's 4 hour now, but i am spending time on the market rythem part of it, heaps of study there! Did u notice Efx aud/jpy spread tonight was hardly under 4 from 7-8pm : ( hence scalping the euro


Good scalping to ya...........
 

Attachments

  • london 221107.jpg
    130 KB · Views: 430
Re: Linuxtroll simple scalping

Nah I wasnt paying too much attention to EFX last night, was trying to go completely nekkid hah
 
Re: Linuxtroll simple scalping

If anyone's been following the ForexFactory thread, you might have noticed the LinuxTroll thread has been closed. LinuxTroll himself has said that he's going to just focus on his own forum - Scalpers Helping Scalpers.

Free to join: http://www.cyrox.com/forum/

Cheers.
 
Re: Linuxtroll simple scalping


thanks for posting that Tayser, It just shows how much of a following the trollman has with a whole forum dedicated to his scalping system!

Cheers
 
Re: Linuxtroll simple scalping

11.8+ tonight.



dunno what it was, but I was really jittery tonight and didnt want to hold on for very long!

oh well, got there in the end
 
Re: Linuxtroll simple scalping

hey trade_it: did EFX mention if there were any fees to change the account denomination from USD to AUD? Did they say it would be converted at the prevailing market rate - or by their banks rate?

I'm thinking of getting the ball rolling now and opening USD then changing to AUD when it's offered.

cheers.
 
Re: Linuxtroll simple scalping


Hey Tayser,

I have been getting stuck into Phil Nell's four hour system of late not much scalping going on ATM.

I did not ask about any fee that would be incurred to change over, best to hit them up on live chat. I am actually thinking about using Oanda to scalp EUR/JPY as they offer a 2 pip spread. EFX is always 1-2 and the brokerage is 7$ per bloody side kinda makes it more expensive! even at 1 pip plus brokerage makes it 24$ per trade.

I am opening a live account with Oanda, will take it from there. they offer some kick ass spreads .9 on the eur/usd and 1.8 on aud/usd. Not suyre how much it fluctuates though. Have u seen it increase around London open?

you look to be doing well, good on ya!

Joseph
 
Re: Linuxtroll simple scalping

tayser said:
5 more & we're done.



night.
Click to expand...

Hello Tayser, just trying to get my head around this, are you putting trades on at times when the WMAs confluence and the spine crosses a 5 min H/v line in the direction of the trend?
 
Re: Linuxtroll simple scalping


Oanda are an absolute shizzle-truck for slippage I've learned this week however

caleb: generally yes, however that chart you quote was an exception: I was actually watching the EUR/JPY and it shizzled itself (literally! hah) and went downward - so I took the trade as soon as the price line (red) crossed the spine.

It actually ended up going for another 40 pips quite nicely:

 
Re: Linuxtroll simple scalping

Well, I've finally learnt my lesson.

Oanda is simply ****house for scalping AUD/JPY (and to a lesser extent EUR/JPY). The slippage, the delays, the whole experience has put a real downer on scalper for the past week. I'm net 15% down compared with approximately roughly the same percentage up by scalping AUD/JPY on EFX whilst looking at the Oanda charts.

I'm back to demos for more time and will probably go live once again with a real EFX account after Xmas/New Years.
 
Re: Linuxtroll simple scalping

Why don't you just stick to Currency Futures and use a Broker instead of a Market Maker
 
Re: Linuxtroll simple scalping

how do you do that? thats the biggest obstacle to investing in a certain area - how exactly do you go about investing in currency futures??

at the beginning of this thread were instructions on who offers broking and how to get your hands on charts and all that fundamental stuff we need to invest in currency pairs. so please, how do i invest in currency futures? where do i go to get the right charts to look at? what brokers will let me trade currency futures? what are your experiences with various currency futures brokers? do you have any advice or lessons learnt about investing in this area? need the info man.

and yes tayser, oanda is painful. its convenience is truly magnificent, being able to lay buys and sells on a 5 tick chart with a right click, with stop losses laid on trade which are easily moved by dragging and dropping, but their spreads are too high and stop chasing entirely too suspicious. although lag will always be a factor, it gets you killed in games as well as in the market. though definately read the mantra attached, i got it from the original forex thread you linked. the bits about starting small then making a certain number of trades before advancing and stopping after 2 losses (among other things) are golden pieces of advice.
 

Attachments

  • mantra.pdf
    121.8 KB · Views: 105
Re: Linuxtroll simple scalping

Here's the info man,

Just about any futures broker will have Currency Futures eg Yen,Euro, B Pound,ect ect.

You trade them the same as Forex Pairs. There's no artifical spread . If you were trading say Euro which is very liquid, during active times the diff between the Bid/ Ask is normally 1pt . The other cost is Brokerage which is negotiable depending on your volume of trades.

There is also Index Futures DAX,FSTE ,CAC40 ect ect.

I hear a lot of you guys always going on about Forex Market Makers, Large Spreads,Bad Fills,Games played during Volatile times ect ect ect.

Why Bother?

Cheers... Onemore
 
Re: Linuxtroll simple scalping

I'm focusing on one thing at the moment, futures contracts are a natural progression for this method, and likewise, Oanda was only ever temporary until I could get an AUD denominated ECN account.
 
You must log in or register to reply here.

Similar threads

The dynamics of money and TIME: crimping cashflow for a period
Replies
3
Views
869
TiminOz
  • Poll
Financial Independence (Home Ownership, Super, Long Retirement) not possible for wage earners: What do we need and how do we get it?
11 12 13
Replies
258
Views
21K
Smurf1976
February 2025
2 3 4
Replies
64
Views
6K
ducati916
September 2024 DDD
2 3 4
Replies
66
Views
10K
qldfrog
January 2025 DDD
5 6 7
Replies
129
Views
9K
divs4ever
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...