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NITRO Scalping for serious traders

  • #321
  • Sep 2, 2009 11:56am Sep 2, 2009 11:56am
By the way, to settle this issue,

Edgetrader himself confirmed that the explanations delivered by asdf on this and the other thread, targeted to "have a working understanding of price action" represented a next step in Nitro trading (what he, in his usual extremist manner, termed 'Chernobyl'):

http://www.forexfactory.com/showthread.php?p=3000118
  • #322
  • Sep 2, 2009 12:02pm Sep 2, 2009 12:02pm
Quoting 4xStar
I disagree slush .. I think asdf's commentary is taking us to the next level with Nitro. He is not introducing new indicators .. he is point out patterns on renko charts that may be even more predictive than those on candle charts. Most of us are used to working with renko now so we are ready to move to the next level in spotting PA . He's just showing us more ways to spot or confirm PA on renko charts.

Glad you have the tools you need to trade successfully .. good trading!

Q
The Only Constant Is Change!
  • #323
  • Sep 2, 2009 1:25pm Sep 2, 2009 1:25pm
Quoting SlushFund
Good grief. Somebody please bring back Edge. Whatever he did or didn't do, he was at least focussed. This thread no longer merits the title, Nitro scalping for serious traders.

What are you doing asdf? Are you an analyst or a trader. You are writing a very nice textbook on TA. We all have these books. But where are your Nitro trades?...
I don't trade nitro, I think that is clear from my posts. And I have already said that if this is a distraction, or if my posts are a distraction, please let me know and I will stop.

As for your assertions, those who are serious traders know how to analyze. Are you implying that the two are mutually exclusive? That you are either an analyst or a trader, but not both? (We're talking retail traders, not divisions of Citigroup or Goldman Sachs.) What I'm showing are the very basics, take no more than 5 minutes to put on a chart, and can even help scalpers.

You make reference to scalping (in more than one post) as if it is a trading method unaffected by market forces and immune to fundamental market principles. Trading is trading, regardless of the method. And scalping is speculating, however difficult it may be for you to admit. Serious scalpers plan their trades and trade their plans, pardon the colloquialism. Serious scalpers are very aware of where they are on the trading map, of where the areas of high interest are, of where the market may move next, and when they should jump in and when they should sit out. I don't think you understand that.

If you have all the books, then please, offer something of value to the thread--something other than "these traders who don't get it have not yet succeeded and need more screen time and more practice." The benefits of screen time and practice can be greatly enhanced by someone who can provide examples of what a trader should be looking for. Learning to trade can be frustrating, discouraging, or even depressing. Been there, done that, never want to do it again.
  • #324
  • Sep 2, 2009 3:19pm Sep 2, 2009 3:19pm
My wife and I are planning a trip to the Cayman Islands.
Anyone here know what the weather's like?
  • #325
  • Sep 2, 2009 3:30pm Sep 2, 2009 3:30pm
Quoting asdf
I don't trade nitro, I think that is clear from my posts....
In you short history of posts in FF you have given lots of great information.
Thanks and please keep it up.

JC
  • #326
  • Sep 2, 2009 3:33pm Sep 2, 2009 3:33pm
Quoting billbss
My wife and I are planning a trip to the Cayman Islands.
Anyone here know what the weather's like?
You would expect someone with so many vouchers to post something with any value. Would you please stop posting if your content doesn't offer something of value to the readers?
Regards
JC
  • #327
  • Edited 4:07pm Sep 2, 2009 3:39pm | Edited 4:07pm
Quoting Analda3
You would expect someone with so many vouchers to post something with any value. Would you please stop posting if your content doesn't offer something of value to the readers?
Regards
JC
Of course. As you say.
I'm not sure why my post hit a nerve....very odd.
  • #328
  • Sep 2, 2009 3:58pm Sep 2, 2009 3:58pm
Quoting Analda3
You would expect someone with so many vouchers to post something with any value. Would you please stop posting if your content doesn't offer something of value to the readers?
Regards
JC
http://www.arguewitheveryone.com/

you need to go there. its a very helpful place to sharpen your forum trolling. your troll-fu is weak.
  • #329
  • Sep 2, 2009 4:05pm Sep 2, 2009 4:05pm
This post is in the style of DaveW and I think just shows the power of correlation---unfortunate about the lower low on the GBY chart.
Also while I use the 1 min chart to power the bricks its not bad to confirm entries on it using scalper candles and a xma indi which I'm trialing for exits
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We are all One. Be present. Be the Observer
  • #330
  • Sep 2, 2009 4:08pm Sep 2, 2009 4:08pm
Quoting billbss
Of course. As you say.
I'm not sure why my post hit a nerve....odd.
Some of us don't like wading through 100s of pages of threads that could be much shorter without posts like this . No offense meant, just wanted to point this out so other readers don't start posting unrelated posts or questions. I'm sure you're a great trader and I hope you'll contribute to the development of the NITRO methodology.

Thanks for the great info everyone! ASDF, I really enjoy your technical analysis of renko charts.
  • #331
  • Edited 7:01pm Sep 2, 2009 4:21pm | Edited 7:01pm
Quoting Cbh123
Some of us don't like wading through 100s of pages of threads that could be much shorter without posts like this . No offense meant, just wanted to point this out so other readers don't start posting unrelated posts or questions. I'm sure you're a great trader and I hope you'll contribute to the development of the NITRO methodology.

Thanks for the great info everyone! ASDF, I really enjoy your technical analysis of renko charts.
I posted 2 innocent sentences, seeking information, which should have offended no one.

I won't post anymore.

I have reason to believe there is someone active on this thread with knowledge of the Cayman Islands. I would like to know about them. Maybe he can PM me. I'll be on edge waiting to hear from him.
  • #332
  • Sep 2, 2009 5:36pm Sep 2, 2009 5:36pm
+7 pips, back to bed
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  • #333
  • Sep 2, 2009 8:55pm Sep 2, 2009 8:55pm
Quoting asdf
I don't trade nitro, I think that is clear from my posts....
Please do not stop posting... especailly your charts. I'm sure I'm not the only one who is starting to see and gaining some confidence in their trade plan.

Slow delibrate baby steps.
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  • #334
  • Sep 2, 2009 9:20pm Sep 2, 2009 9:20pm
Message



Anyone able to tell me who the |

"Invisible", who I often see logged in, might be?


7 Traders Viewing This Thread (4 are members) DaveW, Captain Jack, oztrader, Invisible
  • #335
  • Sep 2, 2009 9:46pm Sep 2, 2009 9:46pm
Quoting DaveW
Message



Anyone able to tell me who the |

"Invisible", who I often see logged in, might be?


7 Traders Viewing This Thread (4 are members) DaveW, Captain Jack, oztrader, Invisible...
They've cloaked themselves...you can to if you go to "Edit Options".
  • #336
  • Sep 2, 2009 9:53pm Sep 2, 2009 9:53pm
G'day Dave W
Can you tell me please which of the Yen pairs on your charts do you normally trade and why?
Cheers
We are all One. Be present. Be the Observer
  • #337
  • Sep 2, 2009 11:26pm Sep 2, 2009 11:26pm
Hi IamFx

I normally take the eur/jpy as the spread is 3.2 as opposed to chf 3.5, aud 3.8 and gbp 6.0. usd/jpy is only 1.5 but does not move as the main three eur, gbp and aud.

Just a little extra (hate to use the word here) "edge".

Regards

Dave W
  • #338
  • Sep 2, 2009 11:31pm Sep 2, 2009 11:31pm
Quoting DaveW
Hi IamFx

I normally take the eur/jpy as the spread is 3.2 as opposed to chf 3.5, aud 3.8 and gbp 6.0. usd/jpy is only 1.5 but does not move as the main three eur, gbp and aud.

Just a little extra (hate to use the word here) "edge".

Regards

Dave W
DaveW
Very punny
Thanks for that
We are all One. Be present. Be the Observer
  • #339
  • Sep 3, 2009 2:32am Sep 3, 2009 2:32am
Quoting DaveW
Message
Anyone able to tell me who the |
"Invisible", who I often see logged in, might be?
...
Quoting FXSurfer
They've cloaked themselves...you can to if you go to "Edit Options".
DaveW,
here's a related post the other day.
  • #340
  • Sep 3, 2009 3:09am Sep 3, 2009 3:09am
Quoting DaveW
Hi IamFx

I normally take the eur/jpy as the spread is 3.2 as opposed to chf 3.5, aud 3.8 and gbp 6.0. usd/jpy is only 1.5 but does not move as the main three eur, gbp and aud.

Just a little extra (hate to use the word here) "edge".

Regards

Dave W
If you hate him so much then why are you trading his plan???
Make money Not pips
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