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Edgetrader replied Aug 5, 2009Momentum is for Nitro, not C4 as shown. Try the attached indi for trading C4 as the info. on such is very useful. Remember, 1 signal, 1 trade. Do not re-enter. Just getting started though. Entries will get better as time goes by. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009Observation is noted. However, observations are more inclined to be acted upon if the trades are with the pairs I think best serve the Nitro fans at this time. As you have just seen, the 'Nitro' pair in your chart performed well as opposed to an ...
C4 Scalping
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Edgetrader replied Aug 5, 2009That is your choice on trading how you feel is best. Just refrain from posting anything of this nature on this thread. It is appreciated. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009If you want to give Nitro a go, that is your call. If your trading account warrants such, then trading at +1 or +2 would be a pretty good idea if you are trading at a 1-2 standard lot level. The idea is to trade it for a living, not a hobby. Anytime ...
C4 Scalping
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Edgetrader replied Aug 5, 2009That is not what I notice. Let me know if you want further input. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009I suppose many missed that little tidbit of info yesterday. Again folks, find a pair that is MOVING! You need activity. Activity produces oscillation. Thanks 'G'. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009Also, this pair is being 'looked' at with Nitro. Remember, the primary goal of Nitro is minimal market exposure. As with any trading plan, the longer you hang aroung, the higher the risk factor climbs. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009Until one gains proficiency in trading a method that was not released to the thread in general (it was taken and run with), it is best to trade the pairs that are associated to the plan. I do not care what anyone thinks on ANY other pair that THEY ...
C4 Scalping
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Edgetrader replied Aug 5, 2009OK, why not run a backtest here for a few months and get a big picture of this particular setups validity overall. Pretty simple to run this in a MT4 backtest program is it not? Information is power, and ideas provide the impetus to derive that ...
C4 Scalping
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Edgetrader replied Aug 5, 2009Well, that did not take long. Quite possibly could have been done and gone with but a few trades. Could care less about R/R. Get them while they are moving, blow them up and LEAVE the area. Even EU getting some love from many lately. I am 'elastico' ...
C4 Scalping
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Edgetrader replied Aug 5, 2009Excellent charts and effort here. Trade well defined, recognized, isolated and trains subsequently derailed. Thx Dave. Regards.
C4 Scalping
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Edgetrader replied Aug 5, 2009Nitro was a pretty easy venture after U.S. open today. All sorts of trading op's across the board. PA hard to follow on 6 pairs at times but you get some pips and get out of the way. Very easy at times to hit your goals quickly and exit the market ...
C4 Scalping
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Edgetrader replied Aug 4, 2009I simply suggest the pairs that perform the best overall based on the trading plan settings. EVERY yen pair will outperform GU on a strike rate percentage over the period of 1/1/ 2009 to present. Even NZDJPY which many do not have on their ...
C4 Scalping
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Edgetrader replied Aug 4, 2009As it is such a favorite pair of so many, and is obviously cost effective to trade, I will look at it further on the MT4 with this store bought Renko setup. It is definately not my preferred choice as its moves very slowly and erratically at times. ...
C4 Scalping
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Edgetrader replied Aug 4, 2009Nope. I never set forth in any posting to wait for a Renko block to close. I never mentioned anything specifically other than using 'discretion' in making your trades based upon what you see PA doing, and a simple primer and detonator to use as one ...
C4 Scalping
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Edgetrader replied Aug 4, 2009This is one reason I prefer we stay on target. That 45 pip gain just got pasted. That is one hell of an emotional swing that is not needed and really throws the mind into turmoil. Regards.
C4 Scalping
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Edgetrader replied Aug 4, 2009Nice work, you are half way home. GU is not a Nitro pair BTW but is a good effort none the less. Now, once you grasp the 'less is more' concept and trade with 'faith' in the (your) trading plan, the light bulb that comes on will illuminate much more ...
C4 Scalping
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Edgetrader replied Aug 4, 2009Great! Am not sure how this relates to the subject matter at hand though. Please explain. Regards.
C4 Scalping