Scalping FX with Cyrox Rainbow

[tayser]

 

[julz]

I`m new to Ninja trader .
There seem to be many ways to place orders but I can`t find the best way to setup 2 presets :

buy : stop loss -3 , limit : 8
sell : stop loss -3 , limit : 8

as simple as that .. Where would I look to do this ?

cheers,

 

[tayser]

Not sure about Ninja - I only use Ninja for charting.

see your private messages.

cheers.

 

[Andy_aus]

Going well Tayser

Alot more aggressive nowdays too, follow that flame

 

[tayser]

yeah, it's more about quite literally jumping in as soon as you identify the trend change.

havent had any trades the past week as I've been in Honkers for the 9-5 job.

Can't wait to get back into it.

 

[DB008]

Hey Tayser,
Been reading all your posts. GREAT WORK. Looks like l'll be jumping on the band wagon too. Living in Perth (time zone wise) and having 1 month of holidays, now is a perfect time to learn FX. Going to kick shares and just focus on FX.

Having problems trying to download EFX though. There site seems to a bit buggy at the moment, will try tomorrow.
I also got half way though downloading EFX before and Kaspersky said it was a virus, but, l'll get there in the end.
Quick question, is EFX the best ECN platform to use you have found? I was going to go OANDA, but read alot of people not happy with it. So it's EFX for the time being.

So, have you started trading for real yet Tayser?

 

[tayser]

yes, I'm live and there are two currenex brokers who reference the Cyrox forum which allow you to open accounts with them for min opening balance of $2500. Half the commission of MBT and spreads are invariably narrower.

 

[DB008]

Sounds good, l'll give it a crack.

Keep up the good work too. Very interersting Thread too.

 

[DB008]

I'm just giving OANDA a go now. The spread seems pretty wide to be honest. But the time you think that u either have a long/short signal, your so far out of the trade that it's not really worth chasing.


Quick question tayser. when you were using Oanda, AUD/JPY, how many units where you using?

 

[tayser]

not much. best to stick to EUR/JPY or EUR/USD.

 

[DB008]

Slowly getting the hang of it.

Thanks for all your tips tayser, l've learnt so much in the last 2 days. Lot still to learn, but getting there.

 

[tayser]

Steady as she goes.

on a side note, EUR/JPY is ****ting its pants once again.

 

[tayser]

 

[MRC & Co]

Tayser, if your as consistent as these pictures suggest, why not trade for a living?

 

[tayser]

That's the aim.

 

[MRC & Co]

That's the aim.

Yes, but why not now?

 

[tayser]

Because I haven't build up enough equity yet?

 

[>Apocalypto<]

Because I haven't build up enough equity yet?

I rarley ever see you have a loss Tayser if this is the case what's stopping you from going full time?

Just compound on your daily take you will have a decent account in no time.

and a boat, Island, House, bling, Merc.............

 

[tayser]

I've changed what sort of entries I'm going for - this is the first week of live trading since changing and while we're on the topic, I'm surprised that no-one's asking questions on the technique anymore - the last few screenshots show a different kind of entry to what I've been using previously.

http://www.youtube.com/watch?v=tUTidDO2nas

http://www.youtube.com/watch?v=Ffr1NUMBn3c

http://www.youtube.com/watch?v=NGzg0Asoz1k

All done by Trollmann - watch them in high quality mode. In short I'm moving toward going 100% aggressive such as in those youtube videos, the key is to detect - at the earliest opportunity - the change in trend by looking for support and resistance in real time (lower highs, higher highs, lower lows, higher lows etc) and jump on for a ride.

Videos originally posted in this Cyrox thread: http://www.cyrox.com/forum/index.php?topic=289.0

 

[julz]

Getting confused again , are you still on MB trading / ninja trader ?
Where did you find those exotic indicators that you`re using at the bottom of your graph ?