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C4 Scalping

  • #6,121
  • Aug 11, 2009 9:43am Aug 11, 2009 9:43am
Quoting pilotui
I'm totally going back to basics here...I'm using HMA 8,6,1 as my entry and Momentum as my Exit.

Thanks Edge...I really needed that post on focusing on PA only...it's almost like looking at one of those 3D posters...If you try to see the image really hard, you won't, but when you step back and let it come to you...I am seeing like another 5-10 trades per day!...

As I type this...I'd be up another 10 pips had I stayed! OH WELL
Almost home my brother. (Do you really need MORE pips?)

SM scalper candles cover trix (short term strength), momentum begets velocity. Control over greed will take care of 3/4 of the 75% mental trading issue.

Typical 'edge' mind games being play out. Will be intensely hated for such. Boo Hoo Hoo. Think and reason and a trader will prevail, display a defeatest attitude and you will fail.

No PhD needed, just an ability to apply reason. Pa moves across a MA and is confirmed with some manner of strength/momentum in the short term. Not 100%, but real damned accurate overall.

Safe Home.

Regards.
  • #6,122
  • Aug 11, 2009 9:49am Aug 11, 2009 9:49am
Quoting DocPMD
Done for the night - getting tired.

Edge Nitro:

CHFJPY +5
EURJPY +5 +5 +5
AUDJPY +5


No charts to post, sorry!
Fine effort Doc. Thanks for the perseverance.

Regards.
  • #6,123
  • Aug 11, 2009 9:55am Aug 11, 2009 9:55am
Quoting freddi
Hi DXT..many thanks for all the hard work you have put into this thread (of course especially Edge!!)...Just so that I (and perhaps many others) am clear, could you please confirm what you mean by "go if all confirms".

Cheers,
Freddi
That must be really hard to read post #1
Well, to spare you the time to go there... here an excerpt:


'NITRO' Scalping...

Trading the Nitro plan is quite easy. The best suited pairs for this plan are EY, CY, AY and GY. (Can substitute GY with UY if uncomfortable with large spreads and high volatility).

1. Set the Renko brick size to 10 tics!!!
2 - SM Scalper candles turn color as does the HMA color indicator.
Momentum crosses the 'zero' level of the Trix indicator. These are your Primers!
3 - Trix arrow appears and that is your Charge!
4 - Three (3) MAIN indicators on the DXTrade meter all the same color. That is your Detonator!

Once these conditions are met place your trade.
"The only successful substitute for brains is silence."
  • #6,124
  • Aug 11, 2009 9:56am Aug 11, 2009 9:56am
Boom! Thanks Edge.
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  • #6,125
  • Aug 11, 2009 10:06am Aug 11, 2009 10:06am
Quoting zeno
First significant negative day for me, guess had to pay for lack of discipline as on top of everything i doubled my lot size. E/J gave me lots of problems and other 2 pairs didnt help much. Also ignored the higher tf TRIX more than twice and it cost me in all occasions.

Overall -30 pips.
E/U: BE
G/U: -5
E/J: -25 (chart not posted)

It seems to me that LuckyLady has a valid point when talking about the value of paying attention to M15 when trading C4 and plan to research this further.

Regards
Even more important is that the last two trades were winning trades and were taken within the times set forth for C4.

Regards.
  • #6,126
  • Aug 11, 2009 10:08am Aug 11, 2009 10:08am
Quoting Edgetrader
Fine effort Doc. Thanks for the perseverance.

Regards.
Thanks.

All that I can say at this point is that it is hard to believe how difficult it can be to capture a lousy 5 pips!

I really had to work for those 25 pips I made. Hopefully this will become more intuitive as time goes on.

And regarding earlier comments about an EA, your opinion is noted. To an extent, I agree. Shouldn't restrain people from applying creativity. But the time spent to develop a sophisticated EA would probably be better spent learning how to trade. Much better chance for success IMHO.

Doc
  • #6,127
  • Aug 11, 2009 10:09am Aug 11, 2009 10:09am
Boom! Thank you Edge.
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  • #6,128
  • Aug 11, 2009 10:11am Aug 11, 2009 10:11am
....and many thanks to DX for the info indicator.

All the best.

Nick
  • #6,129
  • Aug 11, 2009 10:14am Aug 11, 2009 10:14am
Some naked nitro trades.

+7 net
28 pip loss should have been less. Left the room for a minute and came back to -28

Had some late entries and some missed entries. Had to actually get some work done. I couldn't watch PA as much as I would have liked.

Edge, this is an excellent exercise for getting in tune with PA

Thanks


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  • #6,130
  • Aug 11, 2009 10:18am Aug 11, 2009 10:18am
"Anything that is moving from top left toward bottom right on your chart is a DOWNTREND"
So I waited for a retracement... and the price cross back down the MA .
Entered @ the opening of the 1st brick after the arrow .
+5
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  • #6,131
  • Aug 11, 2009 10:27am Aug 11, 2009 10:27am
Quoting DocPMD
Thanks.

All that I can say at this point is that it is hard to believe how difficult it can be to capture a lousy 5 pips!

I really had to work for those 25 pips I made. Hopefully this will become more intuitive as time goes on.

And regarding earlier comments about an EA, your opinion is noted. To an extent, I agree. Shouldn't restrain people from applying creativity. But the time spent to develop a sophisticated EA would probably be better spent learning how to trade. Much better chance for success IMHO.

Doc
Agree. However, should I simply refuse to allow such efforts in the thread it will only lead to MORE efforts being applied to such in order for the human ego to be pacified.

That would lead to far worse focus than just letting it be and letting many find out for themselves.

We are nowhere near the ea time yet.

Regards.
  • #6,132
  • Aug 11, 2009 10:31am Aug 11, 2009 10:31am
Quoting david4u
"Anything that is moving from top left toward bottom right on your chart is a DOWNTREND"
So I waited for a retracement... and the price cross back down the MA .
Entered @ the opening of the 1st brick after the arrow .
+5
BOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Not one short setup on that chart would have failed!
  • #6,133
  • Aug 11, 2009 10:38am Aug 11, 2009 10:38am
Hi everyone,

although i have been following all your posts i have been busy taking care of my wounds. the enemy has been beating my up considerably.

trend, that you all have been talking about (including our master), has been rising in my attention quite a lot.

just wanted to let you know that the i believe the downwards trend we've been seeing since todays' morning in europe might be inverting. if you look at the 4H chart we are at the botom of a upward chanel on EUR and GBP related charts. this means i am now more "into" long positions. hope this way i can gather some pips consistently.

Edge, i hope you think this kind of discussion is useful for the thread to maximize profitable entries.

good pipping.
dreams do come true.
  • #6,134
  • Aug 11, 2009 10:43am Aug 11, 2009 10:43am
Thanks DXT...especially for the "wink..."...and also post 6083!!

Freddi

[quote=DXTrade;2946550]That must be really hard to read post #1
Well, to spare you the time to go there... here an excerpt:

'NITRO' Scalping...

Trading the Nitro plan is quite easy.... ]
  • #6,135
  • Aug 11, 2009 10:45am Aug 11, 2009 10:45am
Finally!! It takes longer to sink in for some of us, I guess. Last week, I did well with C4, then I started Nitro. Ended the week and started this one treading water. Problem was I was trying to make everything so much harder than it was. Last night I decided to concentrate on Nitro, and this morning I FOLLOWED THE RULES. Amazing how easy the pips came once I quit trying to fabricate reasons to take a trade and just waited for it to come to me. Results - 5 winner for 30 pips, no losers.

So if there are others out there like me that were too hard headed to follow the easy instructions Edge has laid out, and DX has made so easy to follow, if you just stand back and follow the program, you will succeed.

Thank you Edge, DX, and everyone else!
Read the entire thread BEFORE you ask questions!
  • #6,136
  • Aug 11, 2009 10:49am Aug 11, 2009 10:49am
Hi,

Today, I traded with Scalper Candles as the unique indicator. It was very difficult but finally the bottom line was very positive (9 trades, 7 winners, 1 break-even-winner, 1 loser).

I couldn't take the down trend because there was a news release and I stopped trading for 15 minutes.


Regards.

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  • #6,137
  • Aug 11, 2009 10:54am Aug 11, 2009 10:54am
Took out every indy but the MA and scalper candles and DXInfo...

Good mental exercise....when i break just one rule...i lose pips...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #6,138
  • Aug 11, 2009 11:02am Aug 11, 2009 11:02am
Am conservative by nature, have said this before. Just because you see me take counter-trend trades does not mean I promote such. Am a tad further along in this methodology than some.

What have the Nitro pairs offered for the past 2 days?

What is the dominant trend?

How many LONGS did you take?

How many SHORTS did you take?

Who is correct? Market PA or Indicator?

Regards.
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  • #6,139
  • Aug 11, 2009 11:06am Aug 11, 2009 11:06am
Good day today - 2 wins last night (00:00 gmt = 19:00 for me) and 5 more this morning for 7 in a row.

Thank you, Edgetrader. I could not have done this a few weeks ago.

Best,
Lou
Old Benjamin was right
  • #6,140
  • Aug 11, 2009 11:06am Aug 11, 2009 11:06am
Quoting Chris_B
Took out every indy but the MA and scalper candles and DXInfo...

Good mental exercise....when i break just one rule...i lose pips...
Isolate the losing trades only. Look at the entry! What was MARKET PA telling you?

Regards.
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