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C4 Scalping

  • #3,661
  • Jul 30, 2009 3:03am Jul 30, 2009 3:03am
EURUSD +5 while writing a post... love it!
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"The only successful substitute for brains is silence."
  • #3,662
  • Jul 30, 2009 3:04am Jul 30, 2009 3:04am
Quoting DocPMD
I agree somewhat....
Doc,

I don't recall anyone recommending a 30 sl. 20 has been mentioned a number of times. I use a script to execute all orders and it sets an automatic 20 pip, power fails, AlGore uninvents the Internet, gotta pee stop loss. That's set to 20(semi disaster). Those disasters aside I watch PA with one finger on the button.

I use a script to close out orders. If things are rangy in the -12-15 pip range I might hang in a little. If price is moving against me strongly, not the number of pips but the acceleration of loss, I bail out. Smile on my face. I only took a 8-14 pip loss in the face of multiple winners. Shake it off and move on.

Two things: 95% winners aint gonna happen(in spurts yes but not long term) 20 pip losses aint gonna happpen(unless you let it happen).

Net net. Follow page one and you will win!

Jim

PS In the time it took to craft this others have responded to you in a more timely manner. Sorry for any redundancy.
  • #3,663
  • Jul 30, 2009 3:04am Jul 30, 2009 3:04am
GBPJPY +30

LWMA and Trix MTF (testing)
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" Never let the past hold the future to ransom "
  • #3,664
  • Jul 30, 2009 3:09am Jul 30, 2009 3:09am
Could someone explain why the last renko candle is so big? I thought they stop at 10 pips and the new candle starts...
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  • #3,665
  • Jul 30, 2009 3:10am Jul 30, 2009 3:10am
Quoting Max Thrax
Looks like the kind of system that gets killed in ranging/consolidating markets. ALso, taking 5 or 10 pips is great as long as you aren't using a 30 pip stop loss, but I haven't read any discussion of stop loss vs profit target.
That was on page 1 too...
How do you make a small fortune in Forex? Start with a large one!
  • #3,666
  • Jul 30, 2009 3:11am Jul 30, 2009 3:11am
Quoting Max Thrax
Yes, but I wasn't seeing it and what set me off is the fact that the author COULD have concisely described it, but instead chose to 'wax poetic' for around 2000 words. Having spent many, many hours in classrooms, I have a big bugaboo about the kind of teachers(much too prevalent) who spend as much energy showing off for a class or being cute as they do actually instructing.
As of this post you are on my ignore lst as well .. just thought I woul tell you as that seems to irritate you.

I have a big bugaboo about mindless idiots who barge into a popular thread & start criticizing the 'teacher' who has helped dozens of us make money consistently in Forex for the first time ever!

You're going on ignore now ... bye bye.
******************* I'd rather make money than be right.
  • #3,667
  • Jul 30, 2009 3:14am Jul 30, 2009 3:14am
Quoting 4xStar
As of this post you are on my ignore lst as well .. just thought I woul tell you as that seems to irritate you.

I have a big bugaboo about mindless idiots who barge into a popular thread & start criticizing the 'teacher' who has helped dozens of us make money consistently in Forex for the first time ever!

You're going on ignore now ... bye bye.
roflmao, now that was poetry!
  • #3,668
  • Jul 30, 2009 3:15am Jul 30, 2009 3:15am
The forming candle has to exceed the previous Hi or Lo by a clear 10 pips then it will finally form on the chart.

Quoting happyhappy
Could someone explain why the last renko candle is so big? I thought they stop at 10 pips and the new candle starts...
  • #3,669
  • Jul 30, 2009 3:16am Jul 30, 2009 3:16am
Quoting happyhappy
Could someone explain why the last renko candle is so big? I thought they stop at 10 pips and the new candle starts...
You need 10 pips to form a new brick in the same direction (down here) and 20 pips to form a new brick up...
"The only successful substitute for brains is silence."
  • #3,670
  • Jul 30, 2009 3:17am Jul 30, 2009 3:17am
Quoting DocPMD
With a S/L of 20 pips and target of 5 pips, that is a loser overall (unless the win percentage is indeed 95%+). So I think I am missing something important.
The win % really can be that high, just takes patience & practice.
******************* I'd rather make money than be right.
  • #3,671
  • Jul 30, 2009 3:19am Jul 30, 2009 3:19am
Quoting DXTrade
You need 10 pips to form a new brick in the same direction (down here) and 20 pips to form a new brick up...
thanks!
  • #3,672
  • Jul 30, 2009 3:31am Jul 30, 2009 3:31am
EURJPY +20

LWMA and Trix MTF (testing)

Messy PA and trend oscilating around 15m TP5 only.
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" Never let the past hold the future to ransom "
  • #3,673
  • Jul 30, 2009 3:34am Jul 30, 2009 3:34am
another 10 pips with aussie (1%)

I didn't like the up move on the turqoise arrow as there was all the exhaustion wicks and 15 min trix steadily declining so I waited and got it on the down move
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  • #3,674
  • Jul 30, 2009 3:54am Jul 30, 2009 3:54am
Trying out the DX signals and getting tremendous whipsaw. Maybe I havn't got the knack of using them, or maybe the wrong trading time.

So far only 1 trade in 5 has gone the right way!
******************* I'd rather make money than be right.
  • #3,675
  • Jul 30, 2009 3:55am Jul 30, 2009 3:55am
Hi All

Nitro is becoming much clearer to me now. As well as judging the entries, it is also possible to judge the move strength from the same mathematics (yup - sorry folks, but this IS PURE MATHEMATICS. I make absolutely no apology for that!!)

By going for +10 to +30 depending on my signal, the account is up 15% in the last 24 hours, 11/13 winners. Will now leave everything alone and run this for a good while and see what happens.

Anne
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  • #3,676
  • Jul 30, 2009 3:58am Jul 30, 2009 3:58am
I find this very interesting....
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  • #3,677
  • Jul 30, 2009 3:59am Jul 30, 2009 3:59am
EURUSD +25

LWMA and Trix MTF (testing)
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" Never let the past hold the future to ransom "
  • #3,678
  • Jul 30, 2009 4:00am Jul 30, 2009 4:00am
Never mind .. it is not the signals, it is me, I am not following them properly. The alerts were confusing me LOL.
I will do it the correct way now & report back later.

Quoting 4xStar
Trying out the DX signals and getting tremendous whipsaw. Maybe I havn't got the knack of using them, or maybe the wrong trading time.

So far only 1 trade in 5 has gone the right way!
******************* I'd rather make money than be right.
  • #3,679
  • Jul 30, 2009 4:00am Jul 30, 2009 4:00am
Quoting TudorGirl
Hi All

Nitro is becoming much clearer to me now. As well as judging the entries, it is also possible to judge the move strength from the same mathematics (yup - sorry folks, but this IS PURE MATHEMATICS. I make absolutely no apology for that!!)

By going for +10 to +30 depending on my signal, the account is up 15% in the last 24 hours, 11/13 winners. Will now leave everything alone and run this for a good while and see what happens.

Anne
very exciting!
  • #3,680
  • Jul 30, 2009 4:03am Jul 30, 2009 4:03am
Quoting 4xStar
Hi, I still prefer the +/- .10 setting, the above is a bit too tight for me.

TG .. when I input the settings I want in the sync and save a template, when I apply it, the sync defaults to original settings. Also if I re-open MT4, it defaults to original settings and I have to change them on each chart ... any way to post the mq4 version or make the ex4 hold the changed settings?
That's weird! When I save setting in a template it remembers them just fine....

Anne
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