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C4 Scalping

  • #7,081
  • Aug 18, 2009 11:40am Aug 18, 2009 11:40am
Well,

Today was my eighth day in a row with profitability. But it was the first day that I didn't meet the 20 pip target. I ended up in a EU trade that lost and I spent the rest of the day digging out of the hole.

EURUSD (C4) -15 +5 +5
GBPUSD (C4) +5
EURJPY (Nitro) +5

Was getting too tired to continue. Trading without concentration is a recipe for disaster, so I stopped at +5 for the day.

Doc
  • #7,082
  • Edited 12:13pm Aug 18, 2009 12:00pm | Edited 12:13pm
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...

I for one will use a sporting metaphor.
I like to think of mometum in terms of hockey game on a ' hockey rink'.
Momentum ebb's and flows within this rink.
'ROC in Momentum' can be gauge'd if your know exactly where you are on the field of play.
Easy derailments

http://www.youtube.com/watch?v=TdSZjBulFfw
  • #7,083
  • Aug 18, 2009 12:09pm Aug 18, 2009 12:09pm
Quoting Chris_B
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...
The 'hit' rate is what when trading with the overall market PA at any given time during prime time trading?

Nitro gets you REAL close to DISBELIEF! Most do not believe things that are black and white and staring them in the face. Interesting 'denial' psychological play will ensue.

'Chernobyl' puts one over the edge. No way the sky can be blue many will say. Must be a faulty color spectrum.

Ah, simplicity! So hard to grasp.

Interesting week going on so far.

Regards.
  • #7,084
  • Aug 18, 2009 12:14pm Aug 18, 2009 12:14pm
Quoting jacson101
I for one will use a sporting metaphor.
I like to think of mometum in terms of hockey game on a ' hockey rink'.
Momentum ebb's and flows within this rink.
'ROC in Momentum' can be gauge'd if your know exactly where you are on the on field of play.
Easy derailments

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

SWEEEET!!!!

Almost as good as the hit in the Detroit/Chicago series. Yours shows very nice momentum disruption (derailment). Other shows complete obliteration of an ammo train with a well layed charge. Wish I had the replay to send. Hard core hockey followers will know which hit I refer to though.

Regards.
  • #7,085
  • Aug 18, 2009 12:16pm Aug 18, 2009 12:16pm
[quote=Edgetrader;2965069]
The 'hit' rate is what when trading with the overall market PA at any given time during prime time trading?

[quote]

If we watch the overall market PA during prime time i could say we are very near to 100% even if we enter on the next brick after the arrow...just a speedy visual backtest..
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,086
  • Aug 18, 2009 12:25pm Aug 18, 2009 12:25pm
-10 i managed to get a few trades in today not very good
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  • #7,087
  • Aug 18, 2009 12:31pm Aug 18, 2009 12:31pm
looks nice, now if we just go with the trend and take only these signals i think we are getting very close to 100 %


Quoting Chris_B
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...
  • #7,088
  • Aug 18, 2009 12:41pm Aug 18, 2009 12:41pm
[quote=Chris_B;2965089][quote=Edgetrader;2965069]
The 'hit' rate is what when trading with the overall market PA at any given time during prime time trading?

Quote

If we watch the overall market PA during prime time i could say we are very near to 100% even if we enter on the next brick after the arrow...just a speedy visual backtest..


Now, we still have the brokerage feed thing to deal with.

Perfect example here is IBFX v. Alpari.

Does one simply make a conscious decision to trade a signal as it appears regardless of brokerage?

Regards.
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  • #7,089
  • Aug 18, 2009 12:57pm Aug 18, 2009 12:57pm
[quote=Edgetrader;2965183][quote=Chris_B;2965089]
Quoting Edgetrader

Now, we still have the brokerage feed thing to deal with.

Perfect example here is IBFX v. Alpari.

Does one simply make a conscious decision to trade a signal as it appears regardless of brokerage?

Regards.
My charts at FXDD are different from those you posted as well. All it needs is just 1 pip discrepancy where one feed forms a new brick the other doesn't.
Q
The Only Constant Is Change!
  • #7,090
  • Aug 18, 2009 12:58pm Aug 18, 2009 12:58pm
[quote=Edgetrader;2965183][quote=Chris_B;2965089]
Quoting Edgetrader
The 'hit' rate is what when trading with the overall market PA at any given time during prime time trading?




Now, we still have the brokerage feed thing to deal with.

Perfect example here is IBFX v. Alpari.

Does one simply make a conscious decision to trade a signal as it appears regardless of brokerage?

Regards.
Speaking of brokerages I got news that FX Clearing out of Canada offers 1 fixed 1 pip spreads on the 5 majors. Perhaps this will make it easier to grab those 5 pips since the spread is lower. I am not by any means associated with this brokerage and I dont even have an account there yet. I just wanted to bring it to the group's attention.
If it backtests good run it live!
  • #7,091
  • Aug 18, 2009 1:02pm Aug 18, 2009 1:02pm
Ok, got to catch a quick flight.

Will check in later.

Regards.
  • #7,092
  • Aug 18, 2009 1:04pm Aug 18, 2009 1:04pm
Quoting aktur
Hi,

I've got the message I'll do a new version ASAP.
It is ready. The old functionality is present as long the anchor input is less than zero.
  • #7,093
  • Aug 18, 2009 1:11pm Aug 18, 2009 1:11pm
Quoting aktur
It is ready. The old functionality is present as long the anchor input is less than zero.
Great job!!!

I think all really appreciate here!!
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,094
  • Aug 18, 2009 1:13pm Aug 18, 2009 1:13pm
thank you michal, is the updated version ready to download ?

regards,
tex

Quoting aktur
It is ready. The old functionality is present as long the anchor input is less than zero.
  • #7,095
  • Aug 18, 2009 1:23pm Aug 18, 2009 1:23pm
[quote=fxspeedster;2965224][quote=Edgetrader;2965183]
Quoting Chris_B

Speaking of brokerages I got news that FX Clearing out of Canada offers 1 fixed 1 pip spreads on the 5 majors. Perhaps this will make it easier to grab those 5 pips since the spread is lower. I am not by any means associated with this brokerage and I dont even have an account there yet. I just wanted to bring it to the group's attention.
FAQ, states they do not accept U.S or Canadian clients...
  • #7,096
  • Aug 18, 2009 1:25pm Aug 18, 2009 1:25pm
Quoting tex
thank you michal, is the updated version ready to download ?

regards,
tex
Tex,

yes, it is downloadable.

Regards
  • #7,097
  • Aug 18, 2009 1:33pm Aug 18, 2009 1:33pm
Hi all,

I should better not trade on day´s like this...
Toledo Jr. is ill and I´m not working really concentrated
I took a few C4 trades during off hours, but today i´ve more Luck than Brain, I think!

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  • #7,098
  • Aug 18, 2009 1:33pm Aug 18, 2009 1:33pm
Quoting aktur
It is ready. The old functionality is present as long the anchor input is less than zero.
Tnx Michal for the update.

Kristjan
  • #7,099
  • Aug 18, 2009 3:02pm Aug 18, 2009 3:02pm
Hello Edge,

only a little thinking for myself about your Designations...

Nitro - I brewed it when I was a kid, dangerous but a really funny thing...
C4 - trained on it, not so funny but effective...
Chernobyl - an tragic accident !!!

Question: Would you spend your Time and your Money in an Accident ???

Please rename the next Step. For example: Global Thermo-Nuklear War !!!
Or, much better: Just another brilliant opportunity !!!

Regards
  • #7,100
  • Aug 18, 2009 3:35pm Aug 18, 2009 3:35pm
Traded London/NY today (instead of usual Asian/London).

Joining the trend after trix change and watching PA across all pairs. Entering on best pair.

(+10 on AU was a late manual close after a slow start)

At +20 I guess that's 2% of account for the day.

I'm a bit behind on the thread after a few days away - got some catching up to do!

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