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C4 Scalping

  • #261
  • Jul 13, 2009 10:54am Jul 13, 2009 10:54am
Quoting txjackson
Thank you I will do that. It makes sense now that you say that it is only on the candle. I am going to show a loser here. Was the primer activated too long before the detonator went off?


Thanks so much.
Terri
Nope, I think that you got caught up in the wrong pair, same as '4xStar' in this trade.

It was performing like crap all morning. That is why we call it the 'bastard' and is nephew to the 'beast'.

It does what it wants pretty often and can be very undecisive.

Again, this is why we have multiple pairs to scan. Some are producing better than others on a given day.

Regards.
  • #262
  • Jul 13, 2009 10:56am Jul 13, 2009 10:56am
Quoting Edgetrader
Not a bad day within the four pairs, just not a great day. Had to actually do some work as the market was a bit cranky. Take some wins, absorb some losses and press on.

Yeah, this initial strategy is a numbers game. Have seen some pretty good chart shots and have not heard anyone say this is total crap yet. That is a plus I suppose.

I think it is important to have all four pairs up and running at the same time. You need options and you need the info at your fingertips. It is apparent EY was going to produce pretty well today as was AU....
Is that a blue breakout box indi of some kind, top left of the eur/usd chart?
Or did you add that into your screen shot later?
  • #263
  • Jul 13, 2009 11:04am Jul 13, 2009 11:04am
Quoting 45Fxguy
Is that a blue breakout box indi of some kind, top left of the eur/usd chart?
Or did you add that into your screen shot later?
I think that is the outline of the Tokyo session, I have the same indicator on mine, shows start and finish of Tokyo.

attached
Attached File(s)
File Type: ex4 Tokyo.ex4   6 KB | 639 downloads
******************* I'd rather make money than be right.
  • #264
  • Jul 13, 2009 11:05am Jul 13, 2009 11:05am
Quoting DETrader
You are correct, every methodology has losers, part of the methodology here is you will win more than you lose, i think at +10/-20 it hovers at about 80%
Which is attainable based on pair selection pretty often. Just need to gain proficiency in this method and TF first and then we will progress from there. Don't put those numbers in the spreadsheet, you will not believe the results.

Also, the previous posting on +5 materials was next weeks progression. No matter. If you can gain proficiency at reading and trading these signals and getting +10's, how much more proficient will you be at getting +5's.

Part of trading is becoming so adept at a method that you simply trade a signal, you no longer analyze the thing. Crawl, walk, and run. Have some patience and many of you will do far better than you even hoped for. You will make your bling on the 5m and then you can go play on the 1H. First you need the trading capital to do so and the 5m is the bank. First open the account at the bank and fund it repeatedly. Soon enough, the bank will invite you to have a peak inside the vault (1H).

Regards.

Regards.
  • #265
  • Jul 13, 2009 11:05am Jul 13, 2009 11:05am
Edge, on your screen shoots there is +10, -12 and so on on the top
screen. What indy generates those numbers? I don't have those

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #266
  • Jul 13, 2009 11:06am Jul 13, 2009 11:06am
Quoting Edgetrader
Nope, I think that you got caught up in the wrong pair, same as '4xStar' in this trade.

It was performing like crap all morning. That is why we call it the 'bastard' and is nephew to the 'beast'.
Ah, I was not aware of that nickname ... highly appropriate, especially today
******************* I'd rather make money than be right.
  • #267
  • Jul 13, 2009 11:07am Jul 13, 2009 11:07am
Quoting 45Fxguy
Is that a blue breakout box indi of some kind, top left of the eur/usd chart?
Or did you add that into your screen shot later?
Nope, just a rectangle I put on there to identify really crappy PA.
  • #268
  • Jul 13, 2009 11:08am Jul 13, 2009 11:08am
Quoting SkyzerFX
Edge, on your screen shoots there is +10, -12 and so on on the top
screen. What indy generates those numbers? I don't have those

Thanks.
I call it 'my finger' and I put those on there as a reference to the trades results.
  • #269
  • Jul 13, 2009 11:09am Jul 13, 2009 11:09am
Quoting Edgetrader
I call it 'my finger'
he-he, ok! Thanks..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #270
  • Jul 13, 2009 11:10am Jul 13, 2009 11:10am
Quoting Billser
Hi Edge,

If the PA is moving fast and at certain times of the day can this system be traded on the 1 minute

thanks,

Billser
Ref: post #1, "Can be traded on ANY TF".
  • #271
  • Jul 13, 2009 11:10am Jul 13, 2009 11:10am
Edge,
What do you think if I would pick only one pair and trade only with it all the time ? Do you think that would good / bad idea ? It looks a bit crazy if you have 4 pairs there loosing pips in one and grabbing some in another pair.
and what do you do if you see the signal buy/sell how do you decide this one is a good one or a bad one... like here:
http://img188.imageshack.us/img188/9/63928392.jpgthanks a lot,
  • #272
  • Jul 13, 2009 11:11am Jul 13, 2009 11:11am
Have a briefing to attend. Back in a couple of hours.

Regards.
  • #273
  • Jul 13, 2009 11:13am Jul 13, 2009 11:13am
Quoting tomykas
Edge,
What do you think if I would pick only one pair and trade only with it all the time ? Do you think that would good / bad idea ? It looks a bit crazy if you have 4 pairs there loosing pips in one and grabbing some in another pair.
and what do you do if you see the signal buy/sell how do you decide this one is a good one or a bad one... like here:
http://img188.imageshack.us/img188/9/63928392.jpgthanks a lot,
You need to scan multiple pairs all the time. It was easy to leave the EU alone early as SM Trix had no depth at all to it. Most people call it 'consolidation'.
  • #274
  • Jul 13, 2009 11:13am Jul 13, 2009 11:13am
Quoting Edgetrader
Not a bad day within the four pairs, just not a great day. Had to actually do some work as the market was a bit cranky. Take some wins, absorb some losses and press on.

Yeah, this initial strategy is a numbers game. Have seen some pretty good chart shots and have not heard anyone say this is total crap yet. That is a plus I suppose.
Hello Everyone,

Back from my business trip and had a very busy morning at work, so only got a couple of hours to "play" today.

Results attached. The +10s are on the M5 (well, 5-pip Renko actually but it is broadly similar action), the larger wins/loss are on the H1 plain candles.

Overall, approximately +160 and -60 so around +100 pips for the two and a bit hours. I hope that's OK.

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: mon13.jpg Size: 117 KB
  • #275
  • Jul 13, 2009 11:25am Jul 13, 2009 11:25am
Quoting TudorGirl
Hello Everyone,
so only got a couple of hours to "play" today.
Hmm, play on what? What system?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #276
  • Jul 13, 2009 11:28am Jul 13, 2009 11:28am
Quoting TudorGirl
Hello Everyone,

Back from my business trip and had a very busy morning at work, so only got a couple of hours to "play" today.

Results attached. The +10s are on the M5 (well, 5-pip Renko actually but it is broadly similar action), the larger wins/loss are on the H1 plain candles.

Overall, approximately +160 and -60 so around +100 pips for the two and a bit hours. I hope that's OK.

Anne
Hi Anne!!

It seems that you are a very good trader ;-)

Better than me....

Your results are manual or with EA??

My EA on 1H today failed a bit...some false signal...
Market is like a puzzle, YOU have to fit the pieces!!
  • #277
  • Jul 13, 2009 11:28am Jul 13, 2009 11:28am
TudorGirl

Can you please let me know which time zone is shown on your account history. Is that GMT or European standard or.....
Thank you.
Knez
  • #278
  • Jul 13, 2009 11:31am Jul 13, 2009 11:31am
Quoting TudorGirl
Hello Everyone,

Back from my business trip and had a very busy morning at work, so only got a couple of hours to "play" today.

Results attached. The +10s are on the M5 (well, 5-pip Renko actually but it is broadly similar action), the larger wins/loss are on the H1 plain candles.

Overall, approximately +160 and -60 so around +100 pips for the two and a bit hours. I hope that's OK.

Anne
Looks beautiful
  • #279
  • Jul 13, 2009 11:31am Jul 13, 2009 11:31am
Quoting Knez
TudorGirl

Can you please let me know which time zone is shown on your account history. Is that GMT or European standard or.....
Thank you.
Knez
My broker server runs at GMT. So I hour behind my time in the UK which is BST (GMT+1).

As I showed in my Post #62 in this thread, Edge's system is perfect on all timeframes from M1 to MN1. So I was playing with some M5 and some H1 trades - just experiments at this stage to find my comfort zone!

Anne
  • #280
  • Jul 13, 2009 11:31am Jul 13, 2009 11:31am
Fantastic Tudor Girl!! Wonderful results. I am a 5 min and 3 min tf trader , not exactly the system here just some signals I like with candles and no indicators but stochs . I am lurking here to slowly learn if I can add anything to my trading reptoire here. I just had say great trading though! And to Edge great strategy as well! Keep up the good work, I love showing the neysayers that trading FX on small timeframes does indeed work!

Ranger

" You miss 100% of the shots you do not take" MJ
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