Caught the downdraft for a 5 pip short..
Thanks again Edge and others
Thanks again Edge and others
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DislikedSome of you IBFX users may want to take a look at intergrating the GBPCAD into the C4 method.
Has a 5 pip spread, but is smooth when compared to EY.
VERY GOOD CORRELATION TO GU for those who care.
Regards.Ignored
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We will work a good bit this week on the 75% mental aspect I think.
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Identifying the above has helped me improve my trading. As I gain more discipline and train my eyes to watch price action, I am sure there will be many other revelations as well.
DislikedCorrection on the USD/JPY chart.
I had an extra vert line and the one trade didn't have the actual trade marked. Had the blue line but no arrows.
That trade is also a good example of why backtesting doesn't work. Look where the trade was taken and it was good for 5 pips. Looking at it historically, it doesn't look profitable.
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DislikedI have been contemplating this "75% mental aspect" quite a bit because I am one who is having inconsistent results. I admit most comes from a lack of discipline and an untrained eye but I have noticed improvement in my trading over that last couple of weeks. I thought I would share some of my observations from beyond the 25% mechanical part of the strategy which may be of help to others with this C4 strategy. Some of you may consider this elementary, but to others it may be eye opening.[list][*][font=Calibri][size=3]Do not take short entries...Ignored
DislikedHi everyone,
just wanted to say a very big thank you to Edge for investing the time and patience to show us the simple method, simple charts and simple explanations. In my opinion it does not get much easier. Thank you.
Thanks also to everyone that has contributed to the thread and for keeping it focused, a pleasure to read. Thanks also ( I`ll be finished in a minute, sorry for rambling on but I need to get it out there, lol) to all the folks for providing the indicators and so on, sorry if I dont mention names but you know who you are.
I put...Ignored
DislikedStill, ample opportunity to hit goal and get out of harms way. Plenty of pairs to choose from.
Regards.Ignored
DislikedHaha. The action has to be appropriate for me to enter. When the candlestick has formed an overbar before the entry we are entering homerun territory. It is the best pa indicator you can use, and since you are recognizing it on the sticks it never lags.Ignored
DislikedBeginning of new week and C4 trading still going strong. New setup/template even better as it really helps to keep focus on price action rather than indicators. Unfortunately broke my plan by trading outside my window. Mr market had no problem with that, he just took back most of my pips
E/U +5, +5, +5, +7
E/G +10, +5, -11
E/J -19 (order entry mistake by me, nothing to do with C4)
As time passes, one should begin to understand more of the subtleties of trading C4. Edge slowly reveals some of it like a very proficient teacher who demands that...Ignored
DislikedIn between trading live I made time to trade the Nitro setup exactly as described in Post number 1. In general for each trade the "related" pairs were making similar moves even if there was not a trigger for a trade. Results were:
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Look forward to moving further past the mechanical approach. I appreciate the remarkable amount of effort Edge has put into this.Ignored
DislikedThat was a pretty un-necessary NEGATIVE response.
You do not know me or how much effort I have already put into learning this or any method....Ignored