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C4 Scalping

  • #2,181
  • Jul 23, 2009 10:46am Jul 23, 2009 10:46am
Quoting waddij
Skyzer,

Thanks, i dont know what i was thinking. Got all confused over trying different things. I was in a sell with the cross of the 5 against everything else......

Bad day.
Yeah, it happens buddy, I hope better day and Lot's of pips for you tomorrow..

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  • #2,182
  • Jul 23, 2009 10:51am Jul 23, 2009 10:51am
Quoting marciano
How did you get the EA on this. Can you post a link. Thank You.
No EA. Just charts, indicators and manual trading.

Regards.
  • #2,183
  • Jul 23, 2009 10:58am Jul 23, 2009 10:58am
Hi,

These are my trades (14 winners, 2 losers).

Regards.

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  • #2,184
  • Jul 23, 2009 11:04am Jul 23, 2009 11:04am
I'm not brave enough to take these shorts, unless EU start dropping
as well
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  • #2,185
  • Jul 23, 2009 11:23am Jul 23, 2009 11:23am
I did shorted EURJPY
then hedged by LONG EU when signal 5M triggers
Let's see which one will work out
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  • #2,186
  • Jul 23, 2009 11:24am Jul 23, 2009 11:24am
A good day today - 5 trades, 3 +10 wins minus 2 small losers = +22 pips net. I'm still not totally comfortable watching 4 pairs but getting better - my wins were on EU, GU and EY.

Trading the program as Edge has spelled it out really does work. I'm using two indicators only (LWMA8 and TRIX) and looking for some momentum to happen before pulling the trigger. All wins opened and closed within 10 minutes...

Thanks again Edgetrader...
Old Benjamin was right
  • #2,187
  • Jul 23, 2009 11:29am Jul 23, 2009 11:29am
Edgetrader,
I have put auto pivots and 200 ema on my 5min chart hoping that it will help staying with the direction of trend and also reversals but instead of clarity I got more confusion.
The daily pivots are different on diferent MT4 platforms-sometimes there is 20pips difference between IB daily pivot and resistance and MBT platform.Also on 5min chart the 200 ema gets crossed often and does not always act as resistance.
So my question is ;
are those indicators on 5min more of a clutter that creates confusion than a clear indication of what is happening?
Should one just go without any of them as not to PREDICT what will happen next and only act on signal?
Thanks for all your help and clarity!
  • #2,188
  • Jul 23, 2009 11:30am Jul 23, 2009 11:30am
So far seems to be great system. Just traded for 2 days but up over 60 pips. Give me 10 pips a day and I'll name my yacht "THE EDGE".

Thanks for sharing Edge
Mombone
  • #2,189
  • Jul 23, 2009 11:57am Jul 23, 2009 11:57am
Total points today: -24
Losses: 12
Wins: 17

I got chopped up quite a bit today, but didn't do that much damage to my account. All suggestions welcome.
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  • #2,190
  • Jul 23, 2009 12:00pm Jul 23, 2009 12:00pm
Quoting babama
Edgetrader,
I have put auto pivots and 200 ema on my 5min chart hoping that it will help staying with the direction of trend and also reversals but instead of clarity I got more confusion.

So my question is ;
are those indicators on 5min more of a clutter that creates confusion than a clear indication of what is happening?
Should one just go without any of them as not to PREDICT what will happen next and only act on signal?
Thanks for all your help and clarity!
Very few times will they play into trading a 5 m chart.

Many trader like to use them, and that has always been their personal choice.

Trix will take care of a 200 EMA easily and pivot points vary from broker to broker and platform to platform.

Obviously, higher TF trading may utilize these more efficiently, just not my cup of tea.

Regards.
  • #2,191
  • Jul 23, 2009 12:01pm Jul 23, 2009 12:01pm
Quoting Mombone
So far seems to be great system. Just traded for 2 days but up over 60 pips. Give me 10 pips a day and I'll name my yacht "THE EDGE".

Thanks for sharing Edge
Mombone
You bet, thx for taking a stab at it. Nice pip count there.

Regards.
  • #2,192
  • Jul 23, 2009 12:03pm Jul 23, 2009 12:03pm
I need Broker who can allow me to SELL and BUY the same
pair, possibly several times (keep few orders open at the same time)
Probably only non-US brokerage
will allow that.

Any advice..?

Thank you.
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  • #2,193
  • Jul 23, 2009 12:04pm Jul 23, 2009 12:04pm
Quoting vandalrpm
Total points today: -24
Losses: 12
Wins: 17

I got chopped up quite a bit today, but didn't do that much damage to my account. All suggestions welcome.
Am new to system so someone correct if I' m wrong. Both trix should be indicating same direction. On some of your losses I saw the 5 min indicating one direction while 15 was indicating opposite. By using 15 min for comformation you don't get as many trades but winning% is higher.

Mombone
  • #2,194
  • Jul 23, 2009 12:05pm Jul 23, 2009 12:05pm
Quoting vandalrpm
Total points today: -24
Losses: 12
Wins: 17

I got chopped up quite a bit today, but didn't do that much damage to my account. All suggestions welcome.

Need to have trix showing some strength before trading. Flat trix with weak bars is lack of motivation in the pair.

See a few countertrend trades also. I would suggest taking 5m trades only when 15m confirms trend.

Regards.
  • #2,195
  • Jul 23, 2009 12:06pm Jul 23, 2009 12:06pm
Quoting vandalrpm
Total points today: -24
Losses: 12
Wins: 17

I got chopped up quite a bit today, but didn't do that much damage to my account. All suggestions welcome.

The only thing I see on your charts that would normaly have kept me out is 2 things. The 15m TF the histo bars were going down but they were not even close to the 0 line, and tha majority of your losers came on big candles, also a trade I try not to take (although I have made my mistakes) because of retracements of these large candles.
  • #2,196
  • Jul 23, 2009 12:08pm Jul 23, 2009 12:08pm
Quoting SkyzerFX
I need Broker who can allow me to SELL and BUY the same
pair, possibly several times (keep few orders open at the same time)
Probably only non-US brokerage
will allow that.

Any advice..?

Thank you.
I am not going to go into good and bad brokers, I use FXCM Micro and moved to their UK side, Alpari also has a UK side and is giving bonuses to accounts moved from a US broker to them. There are also a few good UK brokers with small deposite requirements that others may be better suited to recomend than myself.
  • #2,197
  • Jul 23, 2009 12:17pm Jul 23, 2009 12:17pm
Last trades took a while. Coming off of nice runup earlier.

AU is really a pain at times, just have to stick with it.

GU was sitting aroung having a little lunch I suppose, been watching that for a hour it seems. Finally starting getting minor selling pressure after a 100 pip runup. Wanted those trend lines broken for sure.

Regards.
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  • #2,198
  • Jul 23, 2009 12:17pm Jul 23, 2009 12:17pm
"Alpari also has a UK side and is giving bonuses to accounts moved from a US broker to them."

Thank you, not really clear what you mean by move.. I see when you moving
Stock account, because you don't want to sale shares, but here is all cash
just withdraw all the money and open Account with Alpari UK? What you
mean by move? Thanks.
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  • #2,199
  • Jul 23, 2009 12:17pm Jul 23, 2009 12:17pm
Quoting vandalrpm
Total points today: -24
Losses: 12
Wins: 17

I got chopped up quite a bit today, but didn't do that much damage to my account. All suggestions welcome.
Looks like most of your losses were on counter trend trades. There was a strong uptrend at the time. Trading in the direction of the higher time frames has a much higher win ratio. Get a feel for the ebb and flow of the trades, usually a big movement is followed by low volume and slow PA until the next push. It's very evident on your charts. It's a lot easier and less stressful to trade in the direction of strength.
Q
The Only Constant Is Change!
  • #2,200
  • Jul 23, 2009 12:17pm Jul 23, 2009 12:17pm
I use fxcm uk.

Quoting SkyzerFX
I need Broker who can allow me to SELL and BUY the same
pair, possibly several times (keep few orders open at the same time)
Probably only non-US brokerage
will allow that.

Any advice..?

Thank you.
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