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C4 Scalping

  • #7,061
  • Aug 18, 2009 9:02am Aug 18, 2009 9:02am
Here it is....

another set of +5...done for the day in a poker of trades...
5th day in a row

I have the momentum indy but i was watching PA very close...and entered only when i saw PA moving...i was out of my trades in about 1 minute....

I post also a picture of my demo account statement from the last 5 days (I did not reset my account... ) just to show the potential of NITRO if traded with the right mindset...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #7,062
  • Aug 18, 2009 9:21am Aug 18, 2009 9:21am
Followed PA carefully to gain extra pips on this long E/U
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  • #7,063
  • Aug 18, 2009 9:21am Aug 18, 2009 9:21am
Trades from today.
+15

I am leaning toward the eur/jpy as the pair to trade.

I remember reading somewhere about the relationship to the eur/usd in
which the underlying action makes the eur crosses more attractive for short term traders...or something like that..

Also, Edge seems to favor comparing mt4 charts to his TS eur/jpy

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  • #7,064
  • Aug 18, 2009 9:21am Aug 18, 2009 9:21am
Thanks. I take from your answer that if you have a "sell/buy" signal generated from a closed candle after an arrow, you would be getting in early in a new move up or down and a "wait" after more closed candles is telling you that you are late entering. Bill
  • #7,065
  • Aug 18, 2009 9:23am Aug 18, 2009 9:23am
Quoting Chris_B
I have the momentum indy but i was watching PA very close...and entered only when i saw PA moving...i was out of my trades in about 1 minute.... just to show the potential of NITRO if traded with the right mindset...
Nice results, Chris. I'm sorry to have to ask, but what is the lower indicator on your charts, please? The one that looks like MI(2,10,2,3).

Thanks very much.
  • #7,066
  • Aug 18, 2009 9:28am Aug 18, 2009 9:28am
Well Im done again what am I going to do for the rest of the day. I plan on taking this live really soon. The AU and EY I got up for a mintue or so and came back to the profits completely forgot SL and TP but just demo so it really wasnt on my mind
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  • #7,067
  • Aug 18, 2009 9:33am Aug 18, 2009 9:33am
Thanks to Edge's and DocPMD's posts about being more discerning about choosing which of the pairs to trade... For today I thought the price action was pretty nice across all pairs, however that's more than I can say about my results.

First trade was EJ and AJ only, both wins.

Second set only AJ hit the TP, EJ and CJ didn't and reversed when I pulled them for losses.

Third set of trades ended up in chop without price following through on the downside. Stops were hit for losses.

Last set of trades were taken countertrend as a of the previous two sets not following through on the down trend.

Edge, if you would like me to stop posting these poor results (for fear of killing the motivation of traders here), please let me know and I'll stop
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  • #7,068
  • Aug 18, 2009 9:41am Aug 18, 2009 9:41am
Quoting DXTrade
It only says buy/sell after an arrow is confirmed with a closed brick. otherwise it says: Wait! Which means: wait
Is a bit confusing. Please clarify.

Does the 'wait' mean 'wait' or does it have other wording indicating one should 'wait'? Something like 'take the bait' or 'watch PA gyrate'. When all three bombs are the same color, do we 'integrate'?

Here is a greed play based on a hugh momentum spike in GY. Carried the entire market for a bit. Could have simply traded one pair and gone with 4 lots at +5 and EASILY been done for the day here in SECONDS.

Hit target on demo, reload and go again. Repetition.

Regards.
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  • #7,069
  • Aug 18, 2009 9:48am Aug 18, 2009 9:48am
Quoting ap2009
Thanks to Edge's and DocPMD's posts about being more discerning about choosing which of the pairs to trade... For today I thought the price action was pretty nice across all pairs, however that's more than I can say about my results.

First trade was EJ and AJ only, both wins.

Second set only AJ hit the TP, EJ and CJ didn't and reversed when I pulled them for losses.

Third set of trades ended up in chop without price following through on the downside. Stops were hit for losses.

Last set of trades were taken countertrend as a of the previous...
Looks like you took the 'news' short a bit after release. EY was a slam dunk as you had the entire market heading south.

A one trade deal was possible there and be done for the day. EY has a decent spread and moves quickly. Put a mom indi set at 4 and look at the spike.

If that was missed, GY just pulled the entire market noth on Renko which I posted. As such, you were presented two 'GOLDEN' opportunites to blow the hell out of something and leave for the day.

Regards.
  • #7,070
  • Aug 18, 2009 9:51am Aug 18, 2009 9:51am
Quoting kodflakes
Well Im done again what am I going to do for the rest of the day. I plan on taking this live really soon. The AU and EY I got up for a mintue or so and came back to the profits completely forgot SL and TP but just demo so it really wasnt on my mind
If still in demo and wishing to trade further, reset the demo, reload and do it again. Is a confidence gaining exercise first and then is very effective at diminishing any anxiety with regards to trading in general.

Regards.
  • #7,071
  • Aug 18, 2009 9:56am Aug 18, 2009 9:56am
Quoting Chris_B
Here it is....

another set of +5...done for the day in a poker of trades...
5th day in a row

I have the momentum indy but i was watching PA very close...and entered only when i saw PA moving...i was out of my trades in about 1 minute....

I post also a picture of my demo account statement from the last 5 days (I did not reset my account... ) just to show the potential of NITRO if traded with the right mindset...
Excellent!

Entire market was biased to the short side. Signals are easy to see. Which pair(s) allow mission to be completed expediciously and therefore diminish market exposure?

Regards.
  • #7,072
  • Aug 18, 2009 9:57am Aug 18, 2009 9:57am
Quoting biz0101
great results. I would love to see you trade it on a real account.
And we would love to see you trade on ANY account.

Is there ANY thread you have not visited in the last week?
  • #7,073
  • Aug 18, 2009 9:59am Aug 18, 2009 9:59am
Quoting Edgetrader
Excellent!

Entire market was biased to the short side. Signals are easy to see. Which pair(s) allow mission to be completed expediciously and therefore diminish market exposure?

Regards.
Thanks!

EY and GY....very fast PA...when they start to move the probability of making 5 pips in about seconds is extremely high if we go with the trend..
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,074
  • Aug 18, 2009 10:06am Aug 18, 2009 10:06am
Quoting Chris_B
Thanks!

EY and GY....very fast PA...when they start to move the probability of making 5 pips in about seconds is extremely high if we go with the trend..
Is a no-brainer.
  • #7,075
  • Aug 18, 2009 10:12am Aug 18, 2009 10:12am
thats exactly what i meant

an indicator showing this in numbers would be great, trading this is possible without too..but it will be much more comfortable don't u think

Quoting Chris_B
Thanks!

...very fast PA...when they start to move the probability of making 5 pips in about seconds is extremely high if we go with the trend..
  • #7,076
  • Aug 18, 2009 10:31am Aug 18, 2009 10:31am
Quoting Edgetrader
If still in demo and wishing to trade further, reset the demo, reload and do it again. Is a confidence gaining exercise first and then is very effective at diminishing any anxiety with regards to trading in general.

Regards.

Just trying to get the method down before I go live, Ive broken the rules and traded past the times and past my goal just to practice and had some losers everytime.
  • #7,077
  • Aug 18, 2009 10:32am Aug 18, 2009 10:32am
Quoting tex
thats exactly what i meant

an indicator showing this in numbers would be great, trading this is possible without too..but it will be much more comfortable don't u think
Tex,
what you need is a time histogram..... I have one but i use ninja so probably not much use to you. There should be one out there for mt4 somewhere. Im testing at the moment to see if it helps filter.
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  • #7,078
  • Aug 18, 2009 11:01am Aug 18, 2009 11:01am
Quoting tex
Yes, we talked about that in the past. No programmer has picked up the idea unfortunately. I think measuring the accelaration of Momentum would be of great benefit for the system and a way to filter some bad signals.
Anyone remember TG ... who highlighted "position, velocity (a.k.a momentum) and ACCELERATION"? "She" even suggested using the standard momentum indi applied to the data of a previous standard momentum indi.

I would imagine that the rate of change in momentum would be useful information. Is the train going downhill and gathering speed or going uphill and slowing to a stop, before reversing? Yes. I know. That brings in the element of time - and we are using Renko.

I look forward to hearing what Edge and other experienced scalpers think about this!
  • #7,079
  • Aug 18, 2009 11:24am Aug 18, 2009 11:24am
Quoting nsteve
Anyone remember TG ... who highlighted "position, velocity (a.k.a momentum) and ACCELERATION"? "She" even suggested using the standard momentum indi applied to the data of a previous standard momentum indi.

I would imagine that the rate of change in momentum would be useful information. Is the train going downhill and gathering speed or going uphill and slowing to a stop, before reversing? Yes. I know. That brings in the element of time - and we are using Renko.

I look forward to hearing what Edge and other experienced...
Will defer to others to find suitable 'velocity' augmentation to momentum indicators for MT4 platforms. Nitro (TS) already has 'mom' increase/decrease coded into it. Has some benefit in consolidation periods but only going after a few pips anyway.

Here we have the overall market turning north after the huge GY momentun burst. Small break of consolidation on EY and GY was good enough to get a few pips.

Regards.
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  • #7,080
  • Aug 18, 2009 11:38am Aug 18, 2009 11:38am
Ok...

In the image you can see my arrow indy modified...
It shows a arrow when momentum(4) and acceleration(1) are positive ore negative.

The formula is exactly the same as the TS formula for momentum strategy.

If Momentum is >0 and Acceleration(1 bar) is >0 then buy
If Momentum is <0 and Acceleration(1 bar) is <0 then sell

As you can see it gives (in the past) a 100% profitability ONLY assuming to enter at the open of the brick where the arrow is...otherwise the hit rate is much lower...

The problem is that this type of conditions for an indy will ever give us a 100% hit rate but it's not the reality...i will let run this indy on my platform in the next hours to see how it looks in realtime...but i don't think this could be the solution...even if i think that it could be a good part of it..
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Market is like a puzzle, YOU have to fit the pieces!!
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