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C4 Scalping

  • #1,681
  • Jul 20, 2009 8:59am Jul 20, 2009 8:59am
+5 EU. Primer, Detonator, Plunger.

Chickened out and went w/ +5 tp. Kinda strange when earlier I went +10 w/out 15m confirmation. Oh well, pips are pips.

revrobwimb
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  • #1,682
  • Jul 20, 2009 9:02am Jul 20, 2009 9:02am
Quoting ianf0ster
Hi Cliff,
I'm not criticising, but I don't see how that G/U trade was by the rules.
It looked like a re-entry to me i.e. a zero line bounce on the Trix.

Ian
That is exactly what was traded. Entry is obviously 6 months ago but still had positive pips . Everyone still in the muck and grind stages. Especially swing traders as this is a mental barrier trading plan as opposed to their normal trading efforts.

Regards.
  • #1,683
  • Jul 20, 2009 9:03am Jul 20, 2009 9:03am
My 1st trades with this system made me happy. Very promissing system!
Thank you guys
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  • #1,684
  • Jul 20, 2009 9:05am Jul 20, 2009 9:05am
Ian,
Quite right...good observation.
I read the rules to include a retrace of PA to support or resistance.
In this case the resistance is in the area of the MA. When it was rejected, I considered it a prospect for a new entry and a confirmation of the trend of the moment.
Hope this helps explain my thoughts as to it's merit per the rules as I understand them to be at the moment.
Thanks much for the feed back.
Cliff


Quoting ianf0ster
Hi Cliff,
I'm not criticizing, but I don't see how that G/U trade was by the rules.
It looked like a re-entry to me i.e. a zero line bounce on the Trix.

Ian
I get exercise just pushing my luck
  • #1,685
  • Jul 20, 2009 9:08am Jul 20, 2009 9:08am
Quoting revrobwimb
+5 EU. Primer, Detonator, Plunger.

Chickened out and went w/ +5 tp. Kinda strange when earlier I went +10 w/out 15m confirmation. Oh well, pips are pips.

revrobwimb
Indeed, the M80 was set at +10 TP in order for a trader to ascertain plan viability. We have accomplished that goal imo.

The +5 is the C4 component. Less is more as I like to toss around that phrase.

If a trader is able to do well at +10, the same trad setups will give +5 with less work.

Less pips/ more lot sizing and even less market exposure. It is an attempt to teach trading without emotion. Only way to do that is trade it til the fingers drop off where it becomes a reflex action done without thought.

Takes a while but worth the study. Will see how things progress this week.

Regards.
  • #1,686
  • Jul 20, 2009 9:12am Jul 20, 2009 9:12am
Quoting cce
Ian,
Quite right...good observation.
I read the rules to include a retrace of PA to support or resistance.
In this case the resistance is in the area of the MA. When it was rejected, I considered it a prospect for a new entry and a confirmation of the trend of the moment.
Hope this helps explain my thoughts as to it's merit per the rules as I understand them to be at the moment.
Thanks much for the feed back.
Cliff
Re-entry on trades is of course possible depending on PA.

I am more inclined to set primer, wire detonator, push plunger and meet extraction point as fast as PA will allow.

That GU move already allowed me to complete a successful demo mission. I am then nothing but a memory. I do not go back to admire successful work. Plenty more missions and targets await.

Regards.
  • #1,687
  • Jul 20, 2009 9:13am Jul 20, 2009 9:13am
Quoting 45Fxguy
Maybe that's why I overload MT4 with MTF indi's to remind me of what the trend is doing?

i'm not really a fan of mtf trading. i just check the higher tfs 4 s/r n whether the current move has any gas left. we all must remember that all indis r lagging abit. no matter how well coded they r. nowadays, what traders do is, if all tfs don't agree, then no trade. but if u just follow 1 tf n take it's signals. u can take profits too!!! conflicts in your mind during trading r detrimental.

all systems will meet their end when they meet ranging or sideways movement. what they show u is just high probablity that price will move in the direction as shown by the indi. whether u take the trade is up 2 u.

initially i was overwhelm by the buffet of indis presented. especially the trix category, so many variety, which will taste better?? well, it's up 2 u the trader 2 try n then decide which 1 suits you.

because if you go through all the threads in ff. same systems, same indis, yet different results by different traders!!! what does this tell u ?? the problem lies in the trader!! how else can u explain this phenomenon??

better indis will not make u better traders. they can only help u in your trading decisions. win/lose, it's up to you. u must build your own system that you yourself understand.

i don't join in the trading discussion in this thread. because i don't trade the 5m tf. i use some of the indis here but my trading rules r different. so as not to clog this thread with irrelevant talk.

i was around here when good traders was round here. people like merlin, j16,jacko, diallist, darkstar n others. but at that time, i just came in contact with fx. i was just learning n remained a lurker till now. so at that time, i did not bother to talk to them. ask them questions n pick their brains. how stupid right!! would u pick the brains of einstein, i sure would. hahaha

so, i say. all u people, hiding behind the screens n lurking in this thread. ask edge questions, pick his brains. how many people do u know that trades fx 4 a living?? i don't. read n reread his posts. it holds a lot of trading truths n wisdom. except 4 his ranting posts.lol

i thing i would ask everyone to do is. respect other traders n his/her views. keep bantering n arguments 2 minimum. i've seen enough good threads that degenerate into battle grounds. so if u want edge 2 stick around n impart his knowledge. u would do well to be cordial 2 each other.

edge is obviously here to give back what he has receive. so don't be shy. so don't hold back. in a reply 2 me a few pages back. he used the word scrimmage, which i had 2 check the dictionary 4 its meaning. this is how knowledgeable he is. a no nonsense guy.

i am not fawning on edge or singing his praises. just stating facts. i don't know him personally. i hope edge will cut me some slack 4 this post that has nothing 2 do with his system. thanks all, trade well.



p.s. edge, if u think this post is redundant, tell me n i'll delete it. thanks
  • #1,688
  • Jul 20, 2009 9:15am Jul 20, 2009 9:15am
Edge,
HUA!
Heard, Understood, Acknowledged!
Will make adjustments to charts to reflect such.
Thanks much for the feedback.
Cliff

Quoting Edgetrader
That is exactly what was traded. Entry is obviously 6 months ago but still had positive pips . Everyone still in the muck and grind stages. Especially swing traders as this is a mental barrier trading plan as opposed to their normal trading efforts.

Regards.
I get exercise just pushing my luck
  • #1,689
  • Jul 20, 2009 9:16am Jul 20, 2009 9:16am
Quoting Mr. Madruga
My 1st trades with this system made me happy. Very promissing system!
Thank you guys
Good trade setups on the chart.

Not sure of the others indi's used as they are redundant imho. However, a trader uses that which he likes.

Success is sweet though.

Regards.
  • #1,690
  • Jul 20, 2009 9:26am Jul 20, 2009 9:26am
Results for Monday trading London and NY opening hours.

Eur/Jpy 5 trades + 25 One loss -10

Eur/Usd 5 trades +25 One loss -14

Aud/Usd 3 trades +15

Gbp/Usd 2 trades + 10

Total for the day = 51 pips

Asian trading 4 trades +20 pips
  • #1,691
  • Jul 20, 2009 9:27am Jul 20, 2009 9:27am
Quoting 45Fxguy
IMHO it's probably so that the peak heights, valley deeps will still be visible (http://visibleearth.nasa.gov/). May be that can be Swingman's next tweak, adjust his scalper candles so they show the same color's as his Trix pv col 5min MTF indi...
If you will have charts with 4 colour candles, this is internationally prohibited because it is a too big an unfair advantage in trading...
But when Edge deciding to take responsibility, I can do.
  • #1,692
  • Jul 20, 2009 9:32am Jul 20, 2009 9:32am
Quoting winningfx
i'm not really a fan of mtf trading. i just check the higher tfs 4 s/r n whether the current move has any gas left. we all must remember that all indis r lagging abit. no matter how well coded they r. nowadays, what traders do is, if all tfs don't agree, then no trade. but if u just follow 1 tf n take it's signals. u can take profits too!!! conflicts in your mind during trading r detrimental.

all systems will meet their end when they meet ranging or sideways movement. what they show u is just high probablity that price will move in the direction...
Nope, good post and Thx!!!!

And yes indeed, i do tend to rant at times. Is a shortcoming but we all have them.

Regards.
  • #1,693
  • Jul 20, 2009 9:32am Jul 20, 2009 9:32am
Quoting SwingMan
If you will have cahrts with 4 colour candles, this is internationally prohibited because it is a too big an unfair advantage in trading...



  • #1,694
  • Jul 20, 2009 9:34am Jul 20, 2009 9:34am
Quoting DaveW
Results for Monday trading London and NY opening hours.

Eur/Jpy 5 trades + 25 One loss -10

Eur/Usd 5 trades +25 One loss -14

Aud/Usd 3 trades +15

Gbp/Usd 2 trades + 10

Total for the day = 51 pips

Asian trading 4 trades +20 pips
Hope you are pleased with those little puppies. Very good results from my perspective.

Regards.
  • #1,695
  • Jul 20, 2009 9:44am Jul 20, 2009 9:44am
Quoting winningfx
i'm not really a fan of mtf trading. i just check the higher tfs 4 s/r n whether the current move has any gas left. we all must remember that all indis r lagging abit. no matter how well coded they r. nowadays, what traders do is, if all tfs don't agree, then no trade. but if u just follow 1 tf n take it's signals. u can take profits too!!! conflicts in your mind during trading r detrimental.

all systems will meet their end when they meet ranging or sideways movement. what they show u is just high probablity that price will move in the direction...
Thinking of changing my signature to "more-posting-n-less-lurking",
Seriously good post, will save it to my FX notepad notes.
Thanks you winningfx .... maybe some day?
  • #1,696
  • Jul 20, 2009 9:45am Jul 20, 2009 9:45am

Update of all Trix_MTF files with fix of the alert bug. I tested only now the alerts and seems to works correctly.
.

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  • #1,697
  • Jul 20, 2009 9:55am Jul 20, 2009 9:55am
Quoting SwingMan

Update of all Trix_MTF files with fix of the alert bug. I tested only now the alerts and seems to works correctly.
.

Great!
Did my problems with freezing terminal come from the alert bugs, what do you think?
  • #1,698
  • Jul 20, 2009 10:03am Jul 20, 2009 10:03am
Yep, PA stinks at times and we will have losses. The market taketh, I plead for mercy, and it takes pity on my wretched soul and returneth. In after market trading times (for me) to boot. Nice.

Regards.
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  • #1,699
  • Jul 20, 2009 10:05am Jul 20, 2009 10:05am
Quoting SwingMan

Update of all Trix_MTF files with fix of the alert bug. I tested only now the alerts and seems to works correctly.
.

Thanks Swingman! Much appreciated. Everything seems to be working fine.
  • #1,700
  • Jul 20, 2009 10:09am Jul 20, 2009 10:09am
Edge, am I right in assuming that we no longer will rely upon the TreendMagic indicator? I see on the update page #1 post, it's no longer being mentioned. Thanks.
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