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C4 Scalping

  • #8,021
  • Aug 26, 2009 8:56am Aug 26, 2009 8:56am
DXTrade, would you consider starting the new Nitro thread?
If you have the time & inclination of course.
  • #8,022
  • Aug 26, 2009 8:57am Aug 26, 2009 8:57am
Quoting smjones
Livermore was never in the pit. He worked from his own office and also at first from his broker's office...
I stand corrected. But the point is, he understood price action from watching the tape (together with a slight advantage on pricing from the bucket shops)
  • #8,023
  • Edited 9:12am Aug 26, 2009 8:58am | Edited 9:12am
Quoting SlushFund
I stand corrected. But the point is, he understood price action from watching the tape (together with a slight advantage on pricing from the bucket shops)
Absolutely; He and Wycoff are probably the best Tape Readers that have ever traded.
  • #8,024
  • Aug 26, 2009 9:12am Aug 26, 2009 9:12am
here are my results since yesterday.
EJ+46 this one morphed into a swing trade.
GJ-21, GJ+12,AJ+4,AJ+3,AJ+2,AJ+3,AJ+1,AJ+4,AJ+8,EJ+8
And all stress and emotional free
  • #8,025
  • Aug 26, 2009 9:12am Aug 26, 2009 9:12am
Quoting DaveW
4XStar

I think there are enough like-minded traders here who would benefit from a new thread.

...

Anyone having the same sentiments let your voice be heard and if there is enough interest let us go for it.

4XStar. You beat me to it !!!!
I am in.
4XTrader2
  • #8,026
  • Aug 26, 2009 9:13am Aug 26, 2009 9:13am
Why can't this thread just continue as before, with Edge preferably, in the recycle bin or not?
  • #8,027
  • Aug 26, 2009 9:13am Aug 26, 2009 9:13am
aw shucks, I've been waiting for the new-improved version.
Hej.
  • #8,028
  • Aug 26, 2009 9:14am Aug 26, 2009 9:14am
Quoting 45Fxguy
DXTrade, would you consider starting the new Nitro thread?
If you have the time & inclination of course.
Was thinking about it since a while... but was waiting for the outcome here.
Now it's too late... There already has been a new Nitro thread created...

Anyway... the worst is done... it's now to each and everyone to find a way to use or maybe adapt the system. My settings are a bit more conservative... but overall I think it's a viable way of trading!
As I said some 5000 posts ago... I have been and still am trading another scalping system with only ADX on the chart... a system started by iandekocker 2 years ago. It has the same horrible R:R and I'm making a lot of money with it. So don't listen to good or bad R:R arguments or win/loss stuff... the only important thing in trading is MM... !!!!!!!!!
Nothing else!!!!!
MONEY MANAGEMENT!!!!
"The only successful substitute for brains is silence."
  • #8,029
  • Aug 26, 2009 9:14am Aug 26, 2009 9:14am
Quoting SlushFund
More practice. More screen time. I didn't take every trade today, but the four I did take were all winners. Is that me or the system?

Read Jessie Livermore's autobiography about his tape reading days in the pit. No computers then.
Thanks but I think I will spend my screen time with a 'system' that has a better R/R.

FYI: There is a thread here on FF that was started by a tape reading scalper who started in the 80's and spent time in the pit. Unfortunately he has some serious health issues. His name: feb2865 His thread: The System II

Check it out. I was thinking that RENKO bars could be used to identify the pullbacks that he talks about.

Cheers,
John.
  • #8,030
  • Aug 26, 2009 9:19am Aug 26, 2009 9:19am
Quoting johny pip

FYI: There is a thread here on FF that was started by a tape reading scalper who started in the 80's and spent time in the pit. Unfortunately he has some serious health issues. His name: feb2865 His thread: The System II
Cheers,
John.
Thanks I have not read that thread. I am always amazed by the art of a true Tape Reader. I'll read that thread this week end.
  • #8,031
  • Aug 26, 2009 9:30am Aug 26, 2009 9:30am
Quoting DXTrade
Was thinking about it since a while... but was waiting for the outcome here.
Now it's too late... There already has been a new Nitro thread created......
Hey there DXTrade,

Are you utilising the same strategy as iandekocker posted at the beginning of this thread (http://www.forexfactory.com/showthread.php?t=52543&highlight=adx)?

If not, could you possibly share your setup? Are you only trading the yen pairs?

Cheers!
  • #8,032
  • Aug 26, 2009 9:31am Aug 26, 2009 9:31am
Quoting smjones
Thanks I have not read that thread. I am always amazed by the art of a true Tape Reader. I'll read that thread this week end.
It was an eye opener for me. Great thread and a simple system with NO INDICATORS. As a tape reader he does not believe in them (Read it from page 1)

Cheers,
John.
  • #8,033
  • Aug 26, 2009 9:31am Aug 26, 2009 9:31am
Lohad is Edge ?? Looooool thanks for the laugh - Lohad is never ever Edge.

Same shit like me beeing accused to be Simon Shepherd ...

Guys please stop those untenable assertions..

tex.

P.S. Lohad hows it going - hope u are fine




Quoting lohad
I private investigation is not your profession. If it is, please find another talent now. You are failing miserably.

Please Twee, can look into this and tell the forum your findings as I do not like having my name dragged through the mud?

Artov, buddy I feel bad for you.

Lohad
  • #8,034
  • Aug 26, 2009 9:32am Aug 26, 2009 9:32am
Quoting johny pip
Thanks but I think I will spend my screen time with a 'system' that has a better R/R.
Good luck to you but you're gonna be on a long search. There is no crystal ball indicator out there. Here's the "system". When price goes up, buy, When it goes down, sell. If price reverses, close the trade. You think I'm talking crap don't you?
  • #8,035
  • Aug 26, 2009 9:34am Aug 26, 2009 9:34am
Care to share a link to that system?
Thx!

Quoting DXTrade
Was thinking about it since a while... but was waiting for the outcome here.
Now it's too late... There already has been a new Nitro thread created...

Anyway... the worst is done... it's now to each and everyone to find a way to use or maybe adapt the system. My settings are a bit more conservative... but overall I think it's a viable way of trading!
As I said some 5000 posts ago... I have been and still am trading another scalping system with only ADX on the chart... a system started by iandekocker 2 years ago. It has the same horrible R:R...
  • #8,036
  • Aug 26, 2009 9:35am Aug 26, 2009 9:35am
Quoting pgpb
Obviously Edge/Expat will be reading this thread (perhaps anonymously)

If he says nothing....that says something

There are a few separate issues.

1/ Is C4/Nitro a viable strategy, I do hope that people move over to a new thread and explore this
2/ Why did Edge not right away admit that he created a new alias, and explain why

It will be veeeeery interesting if we hear from Edge again.
If not, well....perhaps we will hear from him again....in a new incarnation.

PGPB

I agree to your words. I'm not a lawyer or a judge - I'm only a teacher teaching nurses. Sometimes even at a nursing-school you will have some trouble with human failure. I always try to find solutions that fit for all.

I have three rules:

1. (As mentioned several times before) Everyone is innocent until his/her fault has been proven.
2. If anyone is guilty then he/she will be punished in any way.
3. If he/she excuses and really regrets then he/she should get a second chance.

Let' please stay fair - the times of witch-burning are gone.

Waiting four Edge's statement and Twee's decision.

Really sad how this thread went.

If there are pips you can collect - just do it!
  • #8,037
  • Aug 26, 2009 9:41am Aug 26, 2009 9:41am
Quoting SlushFund
Good luck to you but you're gonna be on a long search. There is no crystal ball indicator out there. Here's the "system". When price goes up, buy, When it goes down, sell. If price reverses, close the trade. You think I'm talking crap don't you?
No, not at all! I hate indicators myself. You should read my previous posts about indicators and RENKO.

I like to trade without indicators. NO TRIX NO ARROWS NO BLINKING BOMBS. We are like minded I think. Take a look at the thread I mentioned - NO INDICATORS only price action. I think you will like it.

Cheers,
John.
  • #8,038
  • Aug 26, 2009 9:42am Aug 26, 2009 9:42am
Quoting tex
Lohad is Edge ?? Looooool thanks for the laugh - Lohad is never ever Edge.

Same shit like me beeing accused to be Simon Shepherd ...

Guys please stop those untenable assertions..

tex.

P.S. Lohad hows it going - hope u are fine
Hey Tex,

Hows it going buddy! Isn't this something. It does make for an entertaining morning.

Trading is going ok. Not good enough. Actually revisiting some of my Lohad stuff.

Keep up the good work on your input and ideas. I have been following you on here. Doing a great job!

Lohad
  • #8,039
  • Aug 26, 2009 9:45am Aug 26, 2009 9:45am
Excpt for a post a few days back where I concluded that Edgetrader was also expat, I have not posted. There is no doubt that Edge is a good trader. From what I've read, he traded the funds of some others and lost a substantial amount of their money. This is very sad. I don't believe the mere losing of money is criminal. If he simply absconded with that money instead of trading it, that's a different story. His words were couched in third party language in previous posts, as if he was talking about some other person, but never did come out and say he wasn't Keith Brown. His mistake was showing one of his charts and the name Keith Brown on it. That is inconcievable to have, unless you are, in fact, Keith Brown. The administarators have also concluded who Edge is. I don't know what his intentions were with this thread. I was never asked for money. But, possibly he was looking to gain a cult like following. Who knows? I do know we will NEVER see him again under the name of Edgetrader, as all credibility has been shot.
Is the system, though, viable? Personally, I don't think so when you risk 25 to get 5. That sort of risk to reward is unsustainable. If one is honest and looks at all the possible trades in the time period mentioned, there are MANY losers that go unreported. I know this because I had those many losers on a live account following the rules to the letter. I can just hear the defenders now saying I don't know how to trade, or I must have been missining something, or post my charts. Hindsight is lways 20/20, and when a chart of a loser is posted, there's always someone that can find a flaw in that trade. Easy to see after the fact. If, however, that trade had been a winner, the alleged "flaw" is overlooked, and it's congratulations time.
The money management portion needs some serious work. Hopefully, this system can continue. DXTrade, and others have been awesome. I do know that Frankenpip has started a thread. Of course, Indrek has one, but it's not a scalping thread. We'll see how the dust settles.
  • #8,040
  • Aug 26, 2009 9:47am Aug 26, 2009 9:47am
Quoting bali2002
Care to share a link to that system?
Thx!
http://www.forexfactory.com/showthread.php?t=52543&highlight=adx
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