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NITRO Scalping for serious traders

  • #681
  • Sep 29, 2009 3:37am Sep 29, 2009 3:37am
Quoting DaveW
Do they do those things in matching pairs?
Um, I really have no idea... I wonder if she comes with the car though... LOLS
  • #682
  • Sep 29, 2009 5:19am Sep 29, 2009 5:19am
Two questions

1.- Frankfurt market time is 1 hour before London, isn't it?

2.- Have you tried the full cycle with Oanda (withdrawing money and everything)? Is it all OK?



Quoting DaveW
Missed the tail end of Frankfurt so had to wait for the Brits to finish their cup of tea but got in at 131.34 and out at 131.27 for +7 pips. Had to work for a whole 8 mins this time - need a nap now.

Hi Slushfund. There are still a few of us oldies around. I have been busy for the last week but at it again full time. Oanda might not be the bee's knees if you are trading the News but for our sort of trading it suits me down to the ground. Spread on the eur/jpy is only 2.4 and if you wanted to trade the gbp/jpy (which I don't like) it is only 3.8...
  • #683
  • Sep 29, 2009 8:20am Sep 29, 2009 8:20am
Quoting bali2002
Two questions

1.- Frankfurt market time is 1 hour before London, isn't it?

2.- Have you tried the full cycle with Oanda (withdrawing money and everything)? Is it all OK?
Hi Bali.

Frankfurt is one hour earlier than the UK at the moment.

For info on Oanda I suggest that you visit their forum and get a general overview from all their users.

Regards

Dave W
  • #684
  • Sep 29, 2009 10:06am Sep 29, 2009 10:06am
In at 131.26 out at 131.33, +7 pips, and so to bed.
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  • #685
  • Sep 29, 2009 10:35am Sep 29, 2009 10:35am
DaveW

What time is your MT4 platform? Is it GMT?


Quoting DaveW
In at 131.26 out at 131.33, +7 pips, and so to bed.
  • #686
  • Sep 29, 2009 10:42am Sep 29, 2009 10:42am
Quoting bali2002
DaveW

What time is your MT4 platform? Is it GMT?

FXDD Gmt +3 (I think)
  • #687
  • Sep 29, 2009 2:43pm Sep 29, 2009 2:43pm
Not much time to trade last week but here are my trades from yesterday and today.

3 trades +5 on each

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ej seemed to be leading the way. I was waiting for good correlation from the slackers which led to entries a little later than I would have liked on the first and last trades. but got my 5 pips
  • #688
  • Edited 5:11pm Sep 29, 2009 4:41pm | Edited 5:11pm
Thanks DaveW,
Looks great!
Think I had everything but how to turn on the signal arrows.
Looking forward to using it this evening.
The way you set up the second momentum indi is pretty ingenious, signals are as good & match up well or better than a T3 trix, or THV v3 trix.
Like the channel zone 100.05 to 99.95 also, it helps you see very clearly when the market is ranging.

Quoting DaveW
Here is my template as requested. I don't have the mql for the Mi, the eq seems to work fine on my setup.
  • #689
  • Sep 29, 2009 6:28pm Sep 29, 2009 6:28pm
Quoting DaveW
In at 131.26 out at 131.33, +7 pips, and so to bed.
Hey Dave what hours are you trading?
  • #690
  • Sep 29, 2009 8:29pm Sep 29, 2009 8:29pm
Not a lot to say, +7 pips
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  • #691
  • Sep 29, 2009 8:48pm Sep 29, 2009 8:48pm
Quoting Ferrari
Hey Dave what hours are you trading?
Hi Ferrari

I only trade those times when the Stock Markrts open and the wheelers and Dealers are pushing the prices due, I suppose, to traders having to open and close positions to allow them to trade in the stocks.

I therefore trade 9:30 onwards (Tokyo), 3:00 pm (Frankfurt), 4:00 pm (London) and 10:30 (New York), all times Tokyo.

Trades can take anywhere between a couple of mins to 1/2 an hour depending on the PA.

As I am retired, I am fortunate in that I have the time to do this sort of trading as I have nothing else to do with my time, apart from looking after my spouse who is disabled, taking care of the household chores, looking after the jungle in the back garden, cooking, cleaning, laundry, shopping, taking the dog for innumerable walks, as well as being on the Board of our ex-patriates club here in Yokohama and being responsible for all the events and entertainment for 1,000 or so members. The rest of the time I sit with my feet up and drink coffee.

Still, cannot complain, I get to live a reasonable lifestyle and do not have to worry too much about the shenanigans of Obama and Brown though it is sad to see the mess the politicians have created. The price of rice and sushi rolls has come down so there is always a silver lining.

Regards

Dave W
  • #692
  • Sep 29, 2009 9:43pm Sep 29, 2009 9:43pm
Awesome, thx. I guess the indicators can only 'indicate' the probable direction, but the engine needs to be in the market to drive price (ie. volatility around market opens).

Quoting DaveW
Hi Ferrari

I only trade those times when the Stock Markrts open and the wheelers and Dealers are pushing the prices due, I suppose, to traders having to open and close positions to allow them to trade in the stocks.

I therefore trade 9:30 onwards (Tokyo), 3:00 pm (Frankfurt), 4:00 pm (London) and 10:30 (New York), all times Tokyo.

Trades can take anywhere between a couple of mins to 1/2 an hour depending on the PA.

As I am retired, I am fortunate in that I have the time to do this sort of trading as I have nothing else to do with my time,...
  • #693
  • Sep 30, 2009 1:41am Sep 30, 2009 1:41am
+8 pips E/J
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  • #694
  • Sep 30, 2009 2:10am Sep 30, 2009 2:10am
Quoting Ferrari
Awesome, thx. I guess the indicators can only 'indicate' the probable direction, but the engine needs to be in the market to drive price (ie. volatility around market opens).
Absolutely! In the trade I posted today on E/J, I usually like to wait until the brick after a Trix signal, but in this case there was a sudden strong price movement correlated over the 3 pairs so I took it for 8 pips. Price Action is King and overrules any indicator.
  • #695
  • Sep 30, 2009 2:11am Sep 30, 2009 2:11am
is this method still working?

I notice the drop in thread participation.
  • #696
  • Sep 30, 2009 2:13am Sep 30, 2009 2:13am
Quoting SlushFund
Absolutely! In the trade I posted today on E/J, I usually like to wait until the brick after a Trix signal, but in this case there was a sudden strong price movement correlated over the 3 pairs so I took it for 8 pips. Price Action is King and overrules any indicator.
Yeh I was waiting for the candle after the one you traded to close for a momentum signal, but that didn't happen in the end. Those trix signals look very interesting...
  • #697
  • Sep 30, 2009 2:21am Sep 30, 2009 2:21am
Quoting >Apocalypto<
is this method still working?

I notice the drop in thread participation.
Only you can answer that question by trading it yourself.
  • #698
  • Sep 30, 2009 2:26am Sep 30, 2009 2:26am
Quoting Ferrari
Yeh I was waiting for the candle after the one you traded to close for a momentum signal, but that didn't happen in the end. Those trix signals look very interesting...
After the initial PA it stalled a bit and got to a maximum drawdown of only 5 pips, but when it got back up to 8 I closed out because it seemed to be faltering. After that as you see it reversed and there is not good correlation now. If I don't get a set up within the next hour I'll call it a day or maybe look at NY later.
  • #699
  • Sep 30, 2009 2:26am Sep 30, 2009 2:26am
Quoting SlushFund
Only you can answer that question by trading it yourself.
that was not a newbie cry for help SF.

I watched the circus that was edge trader's nitro trading for months.

as soon as he was banned I noticed that all the master traders making pips after pips day after day just vanished.

makes me think he had a lot more then one nick.
  • #700
  • Sep 30, 2009 2:35am Sep 30, 2009 2:35am
Quoting >Apocalypto<
is this method still working?

I notice the drop in thread participation.
Who knows - seems a little convoluted to me... but either way, it'd take some sizeable kahunas to trade a method with a (roughly) 1:8 risk/reward Good luck with that.
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