C4 Scalping

You amuse me....
1. Trying to answer for TG
2. Assuming I am not a female trader..... ( EXCUSE NOT REASON) wE ARE BOTH FEMALE AND SCIENTISTS

As a member of a PUBIC forum..... I have freedom and reason to ask and question anyone to justify what they present here.

With a standard TP=10 and SL=32 for M5 trading GU... more reASON TO EXPECT EA TRADING .

The descrepancy here again. ATR 14 at some fraction was mentioned. So if trading manually this would differ again for each trade.

Here is an example of a chart annotated by that naughty Expert Advisor called "Paint" LOL!!

Anne

Let me say a BIG THANK YOU to Edge for this thread. Your Primer/Detonator method of trading resonated so much with this dummy that I modified my own 5min style to incorporate this principle and simplify my trading charts.
We all have to find our own comfort zone and I believe I am gaining an Edge on the market.
I would just like to encourage you and all the wonderful contributors here to keep up the good work. I do not wish to clutter your thread but as you can see from my attached results for today, there is serious potential with your Keep It Simple methodology. I am still in the process of fine tuning my entries and exits with a view to minimizing false signals and hitting at least 10pips per trade.

Best Regards

Wow .. can I get your retro Paint EA? Your chart looks like one of those famous Atari games back in old days, crazy 80's.

Sure!! We can hone our skills shooting down alien Space Invaders then go for the pips later!

Anne

Still no original chart....straight from MT4....

Other questions unanswered.

Why go into all the trouble of using paint and special arrows etc.???

Remain confused and more suspicious??? .....Till proof is provided.

Sorry....

Facts as images in the original format..... is more convincing!

Edge: outstanding thread ... and great contributions from all. Thank you so much.

It's a pity that the screenshots of charts with black/dark background colors often fail to show the detail of Price Action, Chart Indicators, and Trades ..... the opposite of the Poster's intent, I assume.

Guys, can we all 'lighten up' chart background colors, and add more clarity/contrast to our chart layouts for screenshots, for the benefit of us 'undergraduates' here, trying to learn as much as possible from each post? Hope so.

Thanks, in anticipation.

Sorry Irathi,
I don't agree , I feel you are just disrupting the thread - that is why I answered.
If you were the Originator of the thread, or if TG was the originator of the thread .. then you certainly should have the freedom to question TG to justify what she presents here.

But as it stands you are are both just provoking each other and no good can come from that.

Ian

Agreed. TG doesn't owe you a damned thing, least of all a justification of her trading.

Get a life.

CB

True we both share different opionions on the subject.

If I placed some information and another member questioned it......

I would feel a need to clear doubts for my own credibility

No intention of any disruptions

I think when questions are directed to a particular person.... They themselves should answer it not others trying to disrupt the thread on their behalf.

I second that Code Breaker, good post!!

TG is obvioulsy a very smart women, scientist. She is able to use are mathmatical attributes to figure things out which work for her. The best lesson she can give you is what she is doing and let you figure it out for yourself thats the best way to learn! Edge gave the basics or actually above and beyond now its up to the individual trader to adapt what they learn to their own trading personality. TG, I love seeing your blotters. great going and gives great hope to others. I trade the 5 min and actually 3 min as well with no indies just pa, tweaked for my personality but love reading this thread and always looking to learn things that I have never seen. Thanks again.

In my opionion that is the least she can do.

Hi, it is a very good indicator, often pointing to a possible turn in pa before the smtrix signals. So I use both as confirmation. Also it tells you when the fast and slow trix lines are same color, when they cross which is even more confirmation. You can measure divergence, plus potentially ob and os conditions.

Regards

Pardy

First off, the lesson plan for today requested chart shots from trading efforts. GOLD STARS to Chris B., DXTrade (15m), iansr1 and gutek04, and revrobwimb (Monday), TG and Roto7gl.

GREEN STAR to BoyFromOZ - Great charts, entry to trade marked. Need to show the trades as taken.

That is all the stars for today. Might have missed someone and please notify me if so. Overall, not to pleased with this aspect.

Tremendous amount of energy put into the indi aspects as was expected. There simply is no way getting around this in the FF it seems. We have every combination and sequence known to the free world and all in only 3-4 days of thread life.

There are some very astute traders lurking around within these confines. I think the overnight contributions are quite likely to enhance the trading efforts of many. What would really be of benefit now is to have some trades posted via charts in the next 24 hours using any combination of indi's available. In short, it is again time to proof up your materials. It is a bit of a competition and you are requested to show how your setup IMPROVES on the basic primer/detonator concept. This is not an assault on your work by any means!!! We all need to see visually how one indi potentially outperforms another. Take the challenge!!!!!

That said, lets address the Renko deal a minute.

I have no idea why anyone is bringing this up. The entire methodology is set forth for the bread and butter MT4 platform with 5m candlesticks which so many new traders begin their work on. Until brought up in the EG/GB thread, many here never even heard of Renko, much less how to properly use that particular charting interface. As such, perhaps everyone will at least consider that it is untimely at best to try to introduce such at this time in the thread. Trying to jump from M80 to Nitroglycerine explosives in a couple of days is going to get you blown to hell in a handbasket. Especially those with less than 3 years of full time Forex short term trading.

I have seen very little evidence of anyone having anywhere near 100 or more trades just on the base plan alone. Well, to be brutally blunt, if you cannot get a firm grasp of probability theorum trading with the simplistic material set forth here, then go ahead and buy that Renko 'wannabee' thing and have at it. Just for the hell of it, I have attached the GY (beast) from my platform for this morning. It is 'true' Renko and you are of course welcome to curve fit such to anything you are contemplating using or currently toying with. However, I also have attached the MT4 charts for this morning AFTER I completed my work and went to working the plan provided you. You simply are not going to get a whole lot better deal in any simple plan than what you have here. Focus, attack, defeat, garnish and repeat.

Moving on, I see some concerted efforts are being focused on one (1) particular indi, that being the 'Trix'. This is VERY PRODUCTIVE INDEED!!!!

Nothing I have seen in the previous ten (10) years of active trading is even close to the power of this thing. As pointed out, it has a primary design purpose of identifying divergence. In addition, it has the capability to progect trend and trend strength as an all inclusive. It is the single best detonator avalable in the market today imho. This is why I use it predominantly and I hope to see continued research and integration of this thing into your trading efforts. You will be well served by it in the end.

It seems that some have already found out that Swingmans SM Trix is really efficient at helping a scalper when set to 'EEE' as per original design. However, it is best to use the setting we currently have until you have gained proficiency at extracting +10's from the market. Anything else and you are jumping the gun here and will most likely suffer setbacks Up to you though.

Also, the MTF indi is fine as many traders prefer trading with the dominant trend. Less trades and a perceived increase in odds and all that. Fine with me, if it helps you focus then use it.

As mentioned, the challenge I personally am setting forth is purely trader oriented. Find one (1) indi that out performs the Trix. C'mon now, somebody needs to step up to the plate here. I am bringing serious heat, wicked off-speed stuff and snapping off ungodly breaking balls. Bring forth a hitter!!

As mentioned, there are some pretty sharp folks here. It is unfortunate that the banter is developing further than that I mentioned in my previous posting. Please STOP THIS NOW! The higher the educational background I see this coming from, the more distressing it is. You have been fortunate enough to have honed those aquired skills over the years to levels that many cannot even fathom. Believe me, I too have engaged in the bantering with others and it is a destoyer of productivity and meaningful communication with regards to trading.

So, instead of engaging in such antics in the future, I suggest everyone simply take the damn challenge and 'proof up' your indicator claims so that everybody can see and none can argue. Trading and posting such based on your indi's is the only way to solidify your position here. Anything else just ain't going to cut it.

How about a word on demo testing? I am a PROPONENT of demo testing and I will tell you why.

Most traders starting out are simply testing different trading theories out and have no clue as to what they want to pursue from a trading style perspective. They will try dozens of different plans until they find one the start developing a bond with. At that point, the easy part is done. They have already toyed around with the different Tf's with play money and now are contemplating real trading. Going to throw some real money at a brokerage and conquer the world. What happens? Yep, get the crap knocked out of them and develop a poor attitude towards the market. A few losses and all of the sudden the trading plan is flawed.

I know every one of you has seen this happen before. Why, because they are MENTALLY weak!!! This is the real value of demo trading imho. Trading is 75% mental and 25% mechanical. This plan is a perfect example. So simple even a new trader can grasp the general concept. However, can they actually trade it?

So, lets try to lend a hand here a get the new trader into a frame of mind conducive to quality trading efforts. At least this part you can control. You should already know you can not, and will not, control market PA. Forget about it!!! So, demo trading is the mind strengthening tool that so many cannot grasp. Simply stated:

"If you are so undisciplined and mentally weak that you cannot even focus your efforts on obtaining results conducive to trading effectively and consistently based upon your chosen trading plan, and without having actual money involved, then how in God's name are you going to somehow muster up that mental strength to do so when you actually have it count?"

I know that many feel live trading is the answer, I simply think otherwise.
You have to become married to your trading plan. You have to love it, care for it, treasure it, share good and bad together, and above all else you have to TRUST IT!!!!! As an example of trust, take a look at the MT4 charts again. Notice the 'blue' rectangle in the Trix boxes. Now, look at the PA above those boxes and check your own trades during that time.

I guarantee many got out of the GU, EU and EY trades do to the precieved choppiness of the PA. That is the first and foremost error you can make here. You had no faith in your partner and abandoned them. You left them to fend for themselves and you ran away.

So, what does your partner do. Good ole 'TRIX' stays the course already committed to and is willing to take the good with the bad, very akin to the marriage vow 'For Better or Worse!'. Look at the result for its unwavering strength. EVERY ONE OF THOSE TRADES WON AT +10.

Talk about having mental strength! Where were you at this time? Treading the oh so common rough Forex seas with your partner? Or, snatching the life preserver from your partner to match that of yours just to help YOU survive. Folks, when you can anwer this question honestly and correctly, you are at that time ready to take the trading journey with your plan without fear or trepidation. You have then become a true probability theorum trader. You know there are risks, but you trade with faith and without emotion.

Until then, everyone who failed to stay with the signal just failed the pre mid-term test. Regardless of what indi you like, you simply did not have the needed trust to take the good with the bad.

In short, FEAR STILL RULES and more effort is needed. This is why I ask so often to proof up your claims and mark your trades and post them. Visually confirmation of you decision making process in a scalping plan like this will do so much of the psychological work for you with regards to overcoming trading real money and trusting your chosen plan.

Truly, a picture is worth 1000 words. Long winded maybe, but I really do want to see a few traders be developed here. Economic times are turbulent, some have lost their means to provide. This plan is set forth as a possible way to bridge the gap between drowning and surviving. It is not that difficult to discover enough quality setups to average $200 daily net profit.

That may not seem to be much, but it is around $50k annually and is a hell of alot better than unemployment.

Thanks for all the great posts and hope the plan continues to offer hope and stimulation. As alway's, try to have some fun with it.

Regards.

I do not doubt her smartness....

I have published research papers too in reputable medical jounals too.... I am female too. So what....

We are talking FOREX trading here and transperancy here? and asking simple questions to clear doubts... You seem to have a problem with that......


Your problem not mine.

HAPPY TRADING

Below my statement from today. Tommorow I will try to:

1. Do not trade 10 minutes before and 10 minutes after important news.
2. Do not take one signal after another.
3. After 2-3 looses take a break.
4. Do not close manually profit trade before TP of 10 pips.
5. Trade only 2 pairs at the same time.
6. Use only clear chart's without any unneeded indicators.
8. Do not connect two trading systems into one!

I create those rules because as You can see today wasnt my lucky day. Price action wasnt well but it doesnt stoped me from taking trades - even right before and after important news. Hope Ive lerned my lesson, we will see what tommorow brings...

Best wishes to all students ;]

On inputs, change the mode average to 1,1,1 (for ema)

Pardy

Wasnt saying anything about women at all. I am not on here to fight with you just do not want you to be jealous of someone else's sucess thats all. I have been trading for a while and it seems when someone demands proof from someone whom is just simply here to help and trade along with us it is out of jealousy. I hope you figure your trading out. I am sure with your education you will as well, you sound like your a smart analytical person and I am not here to get into a fight with anyone. I wish you the best for trading to all of our trading.

Ranger

Hey, Gutek!

Don't be downhearted! You are doing great!! I had days like that when I started. From your statement you took loads of trades and went back in after a loss, which is mentally hard to do. That shows you are very likely to succeed.

At least you are one of the few trading the plan! With the mental toughness you are showing you will be OK. Anything I can do to help, just shout.

Anne

Not sure if there are any other traders here using GFT, this is not an advertisment for them or an endorsement. The one thing I can say I like about them for this style of trading , is the quick way you can put in sl/ and tp. You can put them in in milli seconds and drag them from price to price. You can have many different pairs up for this as well so it makes it super quick. I was a futures trader before so for all the former or current people who trade futures to its called a D.O.M. Depth of market. It helps to scalp the 5 min. Longer term I have accounts at gain, and am looking into odl as well.