Archive for month: September, 2008

Rainbow resources

30 September, 2008 (12:05) | Journal | By: Colin McGinley

I just want to note the main sources of information that exist on the net related to the rainbow scalping method.
My first exposure to this trading method was the LinuxTroll Simple Scalping thread on Forex Factory.
This thread has died off and all discussion now takes place on the Cyrox forum. The originator of [...]

Scalping brokers

18 September, 2008 (17:26) | Brokers | By: Colin McGinley

Market spreads and broker commissions are incredibly important to any trader attempting to scalp. The choice of broker for a scalper is thus a decision that can not be taken lightly.
When it comes to scalping it makes no sense to use a regular fixed spread forex broker. You are better off just plumping [...]

Trading the rainbow

16 September, 2008 (15:37) | Journal | By: Colin McGinley

I occasionally listen to Rob Booker’s Trader Radio broadcasts. A couple of months ago, Josh, one of the regular contributors and a trader who works in the same office as Rob stated that he traded off 5 second charts. I thought he was completely nuts.
The only other snippet I remember from the exchange [...]

Conversatorship

9 September, 2008 (17:16) | Journal | By: Colin McGinley

So it certainly didn’t take long from my last posting for EUR/USD to drop down to the area around 1.4250 that I had tagged as a potential buying point.
Last Thursday I put my toe back into the water with a buy at 1.4250. My luck was not in and I got stopped out as [...]

August 2008 Review

1 September, 2008 (13:23) | Journal | By: Colin McGinley

August was a pretty difficult month if you were still a euro bull.
I sat on my hands for the majority of the first half of the month, only really getting active in the last ten days. My activity increased as I tried to position myself for a correction back up to 1.49/1.50 but it [...]