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C4 Scalping

  • #7,361
  • Aug 20, 2009 12:06pm Aug 20, 2009 12:06pm
Quoting DocPMD
Edge,

I've done the math on the "draw down issue" and "high hit rate compensating factor" from a theoretical mathematical basis. With Nitro, and the hours and hours of testing I've done, I can't seem to get away from a 20 pip SL or greater without having a large impact on the "high hit rate" (i.e. smaller stops decrease win percentage dramatically).

So with 5 pip TP and 20 pip SL, the threshold for the "high hit rate" is around 85% winners. If you can get to 90% it is a slam dunk system.

I can't get over 75% no matter what I do. Can...
Well, without looking at the Nitro trades you made it is difficult to ascertain why you are taking losses. There are no chart shots to critique.

Last we heard, you had 7-8 consecutive positive trading days. In addition, your postings mention your losses coming mostly from a NON NITRO pair, that being the EU.

I did throw a bone by asking trades be posted. Cannot help fix what nobody thinks is broken.

Now, if the results posted reflect only C4 trading, then there should be no impetus for any information on Nitro. Can trade either or, not both.

Sounds as though you are working the brain matter overtime to warrant abandoning a methodology due to a poor R/R. If so, that is understandable as you would not be the first. Many others choose the more traditional route of have a decent profit expectancy instead. That is called swing or position trading.

No sense comparing apples to oranges. Show the trades and will advise accordingly.

Regards.
  • #7,362
  • Aug 20, 2009 12:11pm Aug 20, 2009 12:11pm
Quoting Toledo
+30
Having a cold one now...

Attachment
The LONG EU was fortunate for sure.

The rest are pretty good.

Seems as though the EY short was missed altogether.

Good effort and results though.

Regards.
  • #7,363
  • Aug 20, 2009 12:13pm Aug 20, 2009 12:13pm
Quoting FrankenPip
Very well, done.
Thank you!
  • #7,364
  • Aug 20, 2009 12:18pm Aug 20, 2009 12:18pm
Quoting Edgetrader
Well, without looking at the Nitro trades you made it is difficult to ascertain why you are taking losses. There are no chart shots to critique.

Last we heard, you had 7-8 consecutive positive trading days. In addition, your postings mention your losses coming mostly from a NON NITRO pair, that being the EU.

I did throw a bone by asking trades be posted. Cannot help fix what nobody thinks is broken.

Now, if the results posted reflect only C4 trading, then there should be no impetus for any information on Nitro. Can trade either or, not both....
Edge,

My successes have been with trading C4 for the most part. But it has been very difficult - the 75% is tough work! And right now I'm not sure I could repeat the same thing using real money. Gonna take a lot of practice to build that level of confidence. I was assuming that Nitro would be a natural progression and that it might be a little easier.

Regarding Nitro, you keep suggesting that it is a different way of thinking, and it is. But rest assured, I completely understand the underlying math behind your approach. And I'm here to tell you that unless the results are better than 85%, forget about it.

Regarding posting charts, you asked me not to because I use TS.

Doc
  • #7,365
  • Aug 20, 2009 12:29pm Aug 20, 2009 12:29pm
Quoting Edgetrader
The LONG EU was fortunate for sure.

The rest are pretty good.

Seems as though the EY short was missed altogether.

Good effort and results though.

Regards.
Thank you, Edge !

Yes, you´re right, the long EU was a lucky one...
And the EY short, mmmh...
But I try to become better every Day.

Regards
  • #7,366
  • Aug 20, 2009 12:48pm Aug 20, 2009 12:48pm
hi everyone,

left C4 and bought a whole pile of bricks for my screen.

tomorrow i will try to find some pips in between those bricks, it will be the day that i see the light! hope i don't get dimmed!
dreams do come true.
  • #7,367
  • Aug 20, 2009 12:58pm Aug 20, 2009 12:58pm
Quoting tex
Wow now that are many trades at ONE single day - indeed a little bit of overtrading i would say isn't it ? :nerd:
I am not proud of it. I wish I had made 4 or 5 decent trades and then finished the day. Trying to prove something to myself really wasn't the right thing to do. I posted this because I am hoping other traders can see it and learn from my mistakes.
4XTrader2
  • #7,368
  • Aug 20, 2009 1:02pm Aug 20, 2009 1:02pm
Quoting Edgetrader
No pushups, waste of time.

One week toothbrush cleaning latrines is in order though.

What a complete disintegration of discipline.

Very ugly and amateurish.

You have been with this long enough to know I was not going to issue a 3 day pass for this. Could just as easily blew the account into oblivion.

NO SOUP FOR YOU!
I am in full agreement. I had a great day yesterday and today was a fine example of everything not to do. I think I went "75% mental" having to prove that I could have a profitable day. I will try harder tomorrow by turning off the phones, IM, e-mail and focus only on the charts. Now, where's that toothbrush...
4XTrader2
  • #7,369
  • Aug 20, 2009 1:05pm Aug 20, 2009 1:05pm
Quoting wannaberich
hi everyone,

left C4 and bought a whole pile of bricks for my screen.

tomorrow i will try to find some pips in between those bricks, it will be the day that i see the light! hope i don't get dimmed!
Just remember that bricks can be used for a lot for different things: build a road, a bridge, or building. But they can also smash things.

Use them wisely!
  • #7,370
  • Aug 20, 2009 1:20pm Aug 20, 2009 1:20pm
Hi,

Today, I made 5 trades. It's my second day using Nitro. In some way, it's difficult for me to work with a chart with no time reference in the horizontal axis but for sure with practice, practice and more practice, renko bars will be an addiction.

Edge, thanks again for your time and efforts in this thread.

Regards.

Attached Image (click to enlarge)
Click to Enlarge Name: 20090820 Charts.gif Size: 41 KB
  • #7,371
  • Aug 20, 2009 1:36pm Aug 20, 2009 1:36pm
Quoting jimsforex
There are flock of scripts out there for this....
Thanks Jim

just needed ascript to save me time.
I ll try them out.
Really appreciated,
  • #7,372
  • Aug 20, 2009 1:52pm Aug 20, 2009 1:52pm
Quoting FrankenPip
Attachment
When do you enter long based on the momentum indicator?

FrankenPip,

the question was not pointed to me, but try to insert broken line 100. When the momentum crosses that line, enter... (it worked for me...)

Regards,

GrZack
  • #7,373
  • Aug 20, 2009 2:34pm Aug 20, 2009 2:34pm
Quoting Edgetrader
Nice try Doc.

Already told you to focus on one and not both. You dig your grave alone, so you lie in it alone. I will fill it up though. Just trying to be helpful. Who the hell ever told you C4 was a 90% trading plan. Certainly was not me. Never once promoted it to be such. Why would you try to progress to another plan when you have barely a month on the other? That is what happens when you make assumptions.

I never told you Nitro was a different way of thinking. It has been a probability theorem trading methodology from day one, same as C4....
A lot of double talk.

I never claimed that C4 needed to be 90%. I have made C4 work, and have provided a bit of my history with it. And am not complaining about it. I just know what I had to go through (mentally) to make it work and it is difficult. I don't think I can make it work under real $$ scenario. Perhaps more practice will help.

Nitro - you were the one teasing us with the 90% or better win percentage, not me. And I fully understand that you haven't "released" Nitro yet and that we have taken it on as our own project to make it work.

I have made an attempt with the tools that I have at my disposal to evaluate Nitro. Try to make it work for me. All that I was pointing out to the members is that what we have today is not enough.

My opinion is just that, an opinion. And it is limited by the information that I have. Provide more details, perhaps my opinion changes.

I appreciate what you have offered so far. I have taken some of the lessons and improved my trading (I think). But I am done with this thread. As far as I am concerned, Nitro is nothing but vapor.

And finally, please don't pre-judge what I am and am not qualified to do. All along I have given you the benefit of the doubt that you know what you are talking about. Despite the fact that you have continually been elusive regarding Nitro. Why did you bother to bring it up in the first place if you are not going to share the details?

I wish you and everyone else in this thread much success. And I thank you for your willingness to share your ideas. But I am done here.

Doc
  • #7,374
  • Aug 20, 2009 2:35pm Aug 20, 2009 2:35pm
Quoting Edgetrader
Nice try Doc.

Already told you to focus on one and not both. You dig your grave alone, so you lie in it alone. I will fill it up though. Just trying to be helpful. Who the hell ever told you C4 was a 90% trading plan. Certainly was not me. Never once promoted it to be such. Why would you try to progress to another plan when you have barely a month on the other? That is what happens when you make assumptions.

I never told you Nitro was a different way of thinking. It has been a probability theorem trading methodology from day one, same as C4....
Edge,
In defense of Doc I will say that just like me he decided to use the method that suits him best. Some traders like the candles and some others prefer Renko. There are positives and negatives with both and neither are wrong to use. Whichever way you can squeeze the pips out of the market is the right way. Renko and Nitro seems to be the rule on this forum (at the moment) not the exception. The candle traders are far and few between. Personally I like seeing the PA the way the market shapes it and go along for the ride. Whatever tickles you fancy I guess but at the end of the day what you make is what counts.

Cheers
If it backtests good run it live!
  • #7,375
  • Aug 20, 2009 3:20pm Aug 20, 2009 3:20pm
Quoting DocPMD
And just for the record, attached is my trade history for C4 (and a few Nitro trades) over the period that I reported in this thread.

It was with a $100,000 demo account shooting for 2% per day on 20 pips.

And also for the record, I have shown here more actual trade history than you have shown in over 490 pages of the thread (other than the 1000 wins in a row using the "real" Nitro, what a joke!).

Doc
Over 7000 postings. Yea, what a joke. It's sad that people still follow this thread with all the lies, hypocrisy, double-standards and contradictions.
  • #7,376
  • Aug 20, 2009 3:55pm Aug 20, 2009 3:55pm
Quoting DocPMD
Just remember that bricks can be used for a lot for different things: build a road, a bridge, or building. But they can also smash things.

Use them wisely!
Hi DocPMD:

Good one!!
If you only trade long, then you can't always be wrong.
  • #7,377
  • Aug 20, 2009 4:12pm Aug 20, 2009 4:12pm
Quoting fxspeedster
Edge,
In defense of Doc I will say that just like me he decided to use the method that suits him best....
Hi fxspeedster:

" If you understand, things are just as they are; if you do not understand, things are just as they are." - Zen saying

It doesn't matter whether you use candles or Renko, the price is still the same.

Some have chosen to ignore me. I will be happily selling them my lots for a profit.
If you only trade long, then you can't always be wrong.
  • #7,378
  • Aug 20, 2009 4:30pm Aug 20, 2009 4:30pm
Thank you ...not many are ready to expose them self
Together we can learn more...
Regards
David

Quoting 4xtrader2
I am not proud of it. I wish I had made 4 or 5 decent trades and then finished the day. Trying to prove something to myself really wasn't the right thing to do. I posted this because I am hoping other traders can see it and learn from my mistakes.
  • #7,379
  • Aug 20, 2009 5:03pm Aug 20, 2009 5:03pm
ahhhhh catfigths!!!!

How much I love them!!! surely entertaining for the most. I bet the black fireman loves them too. The only thing he's concern about is when someone starts to smell mony on the congregation. This is exactly when he comes to the rescue.

Hey yo!, Edge...this is what happens when you let bozos like them screw a thread. Not the first time at fouled factory and won't be the last!

Good luck to ya! - The thread started nicely...what a shame!!

Back to my hole again!!
  • #7,380
  • Aug 20, 2009 5:52pm Aug 20, 2009 5:52pm
HI DXTRADE

Thanks for all your hard work here.

I tryed out your new Dashboard with SMI

For some reason when I put it up on chart, I get
A bad smiley where the text sell,buy,wait comes.
Shortly after that goes away again and its just blac there and not showing the text sell,buy,wait.

Do you have an Idea what I do wrong.

Excuse myEnglish

Peter
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