BTW, I'm now using Oanda for live trading and just a MT4 demo for charting. Thanks to DaveW for that. I really like Oanda's execution.

NITRO Scalping for serious traders

London opening — I haven't posted for a while. Here's a quick 7 pips on E/J right at the London opening. Price stalled a bit and I was being cautious, but it easily got to 10 pips which is what my TP is set to by default. Do I assume that the ...

NITRO Scalping for serious traders

London session — +8 pips E/J at 0430 ET. I'm using your setup DaveW. Thanks. It makes things very clear. Nitro requires a lot of patience! Just keep drinking coffee until it all lines up.

NITRO Scalping for serious traders

OK gotcha. Sorry for my misunderstanding. Real crap market today.

NITRO Scalping for serious traders

Defined range Yes. Chop No. There is a difference. If you are suggesting that the market is available at these choppy times if the patterns within are understood, I would say that's a bad piece of advice. Particularly where spread is a large ...

NITRO Scalping for serious traders

I don't like the look of the market at all today. No trading for me. Tomorrow should be better after the US holiday.

NITRO Scalping for serious traders

I'm only watching EJ, GJ and AJ on nitro. They did come into correlation a few minutes ago, but I'm also watching the EJ on the M5 and it's very choppy.

NITRO Scalping for serious traders

Nothing wrong with pending orders. I use them when I swing trade one hour charts. But forget about it with scalping. Go in at market and set MT4 to a 1 pip slippage.

NITRO Scalping for serious traders

There is no such thing as a perfect strategy. It's not the strategy. Take a good look at your charts. It's staring you in the face. Why are you even thinking about trading? You have to be able to identify a choppy market. There is also no pair ...

NITRO Scalping for serious traders

I'm a little bit concerned about the validity of trend lines on Renko. Without the wicks, trend lines aren't giving a true picture of where the swing points are. On the other hand we are not trading the wicks, only the bricks, so maybe it doesn't ...

NITRO Scalping for serious traders

Don't get too paranoid about brokers. There's a lot of misinformation out there. No need to trade the news. Sit on your hands and do nothing. Trade market openings. Trade well behaved markets. Try this little exercise. Scalp 6 pips (net gain) a day. ...

NITRO Scalping for serious traders

Now although what is happening technically on a M1 chart during NFP is pretty meaningless, take a look at the H4 chart. This is where the Big Dogs are. The banks and institutions that have the power to move the markets. They have no interest in a 5 ...

NITRO Scalping for serious traders

I think the answer is simply that any kind of technical trading goes out the window during major news events such as NFP and interest rate announcements. That would be true for any trading methodology.

NITRO Scalping for serious traders

asdf, I have decided that I was a little harsh in my criticism of your chart analysis. I have had good results in consistently capturing pips with the 3 elements of market timing, price momentum and correlation. However the concepts you have ...

NITRO Scalping for serious traders

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 ...

NITRO Scalping for serious traders

+5 Frankfurt +7 London 90 minutes work is enough for one day.

NITRO Scalping for serious traders

A completely useless remark.

NITRO Scalping for serious traders

None of your analysis would be out of place if applied to the swing trading I do on one hour charts. I won't even enter a trade if I don't get a specific retracement based on a fib level. Your analysis is very sound. However I don't think scalping ...

NITRO Scalping for serious traders

No it is not. A prediction happens before the event. If you buy because price is moving up, you already know in which direction price is moving. You are just hitching a ride on a trend that is already in play. What you can say about any S/R level or ...

NITRO Scalping for serious traders

Not only is it impossible to gauge the size of the move, it is also not possible to predict direction. So the answer is to trade what you see. To sneak into the banquet and steal a few crumbs off the table. To jump on and off the tiger's back before ...

NITRO Scalping for serious traders