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C4 Scalping

  • #4,381
  • Aug 1, 2009 12:35pm Aug 1, 2009 12:35pm
Quoting Edgetrader
While swing trading is of course a traders option, this skews and adds far more thought and decision making than is the threads intent.

I believe Indrek already has a thread for those more inclined to trade the method in a manner contrary to its intended purpose. There are many here who still seem to think trading Nitro at +10 is a valid option. Well, it sure is, however, that is not the threads intent and therefore detracts from the focus and perseverance needed to learn to trade it as designed.

As we have seen in numerous postings, a considerable...
This week, for the first time, I finally 'saw' what Edge has been trying to tell us. It is not easy to watch a pair move 50 pips when you have only taken 5 of them. BUT .. the point is .. IF the pair is going to move 20 or 50 or 200 pps, grabbing 5 of them is HIGH PROBABILITY compared to trying to go for the whole enchilada. You 'may' get your 50 pips, you may not. Very skilled swing traders will get them more often than not, and acquiring such skill could take years.

But what Edge is teaching is a method that can be leanred by anyone in a VERY short time and has HIGH probability of wins because you are only going to take a fraction from any move!

This week, as usual, I let myself get stuck in a couple of swing trades. As usual I finally gave up on them and as usual they reversed and went my way 5 minutes after I finally bailed. So now I am down a lot. I re-focus and just do the simple simple method Edge has been trying to teach .. and by the end of the trading session I had made back all my losses 2 to 7 pips at a time.

I finally GOT it! If a pair is going to move 10 pips it has to move 5 first. If it is going to move 50 pips, it has to move 5 first. Whether or not it completes its journey to +10 or +50 or +100 .... the probability of it making the first 5 is very high .. otherwise it would not have signaled a move according to your primer-trigger of choice.

Simple primer-trigger. Simple money management. Simple compounding trade size as your confidence level grows.

Can it be any simpler?
Then why the %#&$ does everyone want to complicate it?!
******************* I'd rather make money than be right.
  • #4,382
  • Aug 1, 2009 12:39pm Aug 1, 2009 12:39pm
Quoting studbiol
Please help me!
Click on your name at the top left of the page. It opens your profile page. Scroll down the page until you see "Edit Options" under the "Settings and Options" section on the left of the page. Click that and it opens a page where you can scroll down to the Messaging and Notification section in the image below. Click the box next to "Enable Private Messaging"

THEN scroll aaaaaaaaaaaall the way down to the bottom of the page and click the "Save Changes" button.

God bless,
Clay
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-01_103830.jpg Size: 103 KB
  • #4,383
  • Aug 1, 2009 12:39pm Aug 1, 2009 12:39pm
Quoting 4xStar
This week, for the first time, I finally 'saw' what Edge has been trying to tell us. It is not easy to watch a pair move 50 pips when you have only taken 5 of them. BUT .. the point is .. IF the pair is going to move 20 or 50 or 200 pps, grabbing 5 of them is HIGH PROBABILITY compared to trying to go for the whole enchilada. You 'may' get your 50 pips, you may not. Very skilled swing traders will get them more often than not, and acquiring such skill could take years.

But what Edge is teaching is a method [b]that can be leanred by anyone in a...
Excellent analysis 4xStar! Keep up the good work.

rptrader
  • #4,384
  • Aug 1, 2009 12:48pm Aug 1, 2009 12:48pm
Quoting eclayf
Click on your name at the top left of the page. It opens your profile page. Scroll down ...

Thank you very much. I think I got it.
If there are pips you can collect - just do it!
  • #4,385
  • Aug 1, 2009 12:53pm Aug 1, 2009 12:53pm
Quoting 4xStar
Then why the %#&$ does everyone want to complicate it?!
Simple! It is due to the fact that 'you cannot unscramble scrambled eggs'. After many years of being taught one thing, it is very hard to 'teach an old dog new tricks'. It is psychologically difficult for almost EVERYONE to grasp new concepts. They live their lives based on their early teachings and most develop a very narrow minded attitude when something is presented representing CHANGE. Immediately, they go on the defensive and instead of objectively looking to verify, they instead automatically reject such change as being of no benefit.

However, with time and patience, especially in the trading industry, I feel I can get some to understand one thing above all else. That is, of course, that while a trading plan may seem too uncomplicated to be viable, it is none the less their own closed minds that deny them the fact that it is....


[b]SIMPLICITY - The single most difficult trading concept to wrap your mind around !!

that causes many issues.

Regards.
  • #4,386
  • Edited 1:00pm Aug 1, 2009 12:57pm | Edited 1:00pm
Folks, I have been quite a quiet lurker here in the thread but has been following its development from the beginning. To be honest, I was trying to experiment with various setups to get closer to a 100% - proof no - loss - system...forgive me please, I am just a beginner in that business.

Now I will try to devote my time to trading rather than to backtesting/ experimenting etc and now I understand that all I need is 2% a day, GREED and a small account is what deters me from being successful. All I will do from the next week is trading strictly according to the basic rules for a week and I want to hope that the thread won't be closed as I would like to post my trades here and to be surrounded with determined people who really would like to trade, not with those looking for a holygrail and trying to constantly change what works and brings hefty return (2% a day, even 0.5% day is huuge compared to what most hedge fund managers do today and the size of your account should not matter, we have to follow the same risk management all the time, risk management, I think, is a very important factor for the method).

I just want to give something back to Edge for his efforts and patience, all we can do for now is to do what he asked us to do when he opened the thread: to trade 1 setup for at least 1 week without interruptions...is it much time? we are not losing anything apart from time and I think it is the least we can do to show our gratitude and respect to that great person who invested much more time in us!

So lets do the following: all who want to trade the method will trade it without any discussions on the indicators and bla bla bla stuff and those who don't please respect the others. I understand it is the nature of humans to envy and to be better than someone else but please if you do not respect us, respect Edge at least. As I understand that interruptions from other people are inevitable, I propose to moderate the thread if possible in the following way: people who are willing to help can moderate the thread for at least 1 day if it is possible to assign such rights to non-thread starters and those people should delete any non trading relevant stuff so we could go and enjoy clear setups and see the results without any confusion. Perhaps I will be able to do it for 2 days, so in those 2 days I can keep the thread clean from all the rubbish.

Regards,

Peter
  • #4,387
  • Aug 1, 2009 1:11pm Aug 1, 2009 1:11pm
Edge, you must have the paiteince of Job to answer questions that have been asked before in many different ways. The sign of a very good and patient teacher. Hopefully, you will stay on board for quite awhile longer to offer your expertise to those who aren't there yet. It doesn't take a Harvard graduate to realize that you know whereof you speak. On occasion, I see posts from people questioning this thing or that thing, or contending it won't work, or doesn't work, or to give more proof. It's as if some think you're an imposter attempting to impress newbies. To imply that would be illogical and foolish based on the content of your posts, which are all well thought out and show a knowledge of forex that very few who have started other threads can dream to match. This is not a post of "bringing an apple to the teacher", but one for some others here who might question the valifity of this method. It would be crazy for someone to take the time and patience that you have if what you had to offer did not work. Having been a thread "junkie" in the past (this is the only thread I read now), I know how threads go astray. The main reason is that most systems aren't well thought out. The other is that they don't work consistently. And another is due to naysayers who will do everything they can to "prove" it doesn't work, because they believe they have something that works better. As for the personality clashes displayed, I rather enjoy them as long as they don't get way out of hand. Sort of like reading a daily soap opera. I do have to admit that a few here have made some interesting posts about the appearance of certain indicators. These sorts of posts give me some relief from "just forex". Of all the systems I have encountered and tried, this particular one, as well as many of your posts, has been the most enlightening. With the amount of pages this thread has already generated, I would think the same holds true for the many readers on FF. Every day, there's a hundred or more people reading the thread.
  • #4,388
  • Edited 11:40pm Aug 1, 2009 1:12pm | Edited 11:40pm
Hii
This is just and idea.. instead of using renko bar.. this is range bar which is constant 10 pips bar.. and all trades are explained in the picture.. as i said this is just and idea i hope this thing can be fine tuned..
Seems good but as edgetrader said to trade when market overlaps probarbly can filter out some trades..

Guys any idea would be much appriciated.


NOTE: I had to post big chart to show all the trade oppertunity on 30th of July..

Attached Image (click to enlarge)
Click to Enlarge Name: 1249150187-clip-55kb.png Size: 55 KB
  • #4,389
  • Aug 1, 2009 1:18pm Aug 1, 2009 1:18pm
Quoting hoichoi
Hii
This is just and idea.. instead of using renko bar.. this is range bar which is constant 10 pips bar.. and all trades are explained in the picture.. as i said this is just and idea i hope this thing can be fine tuned..
Seems good but as edgetrader said to trade when market overlaps probarbly can filter out some trades..

Guys any idea would be much appriciated.


NOTE: I had to post big chart to show all the trade oppertunity on 30th of July..


With all respect...but if you have read the thread...you know that the system isn't searching for chart type alternatives...it works perfectly with candles and with renko..
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,390
  • Aug 1, 2009 1:21pm Aug 1, 2009 1:21pm
Chris and paradoxical, what do you think about the idea of thread moderation? is it possible at all? we could do it in our spare time if Edge or FF permits it ( I am not familiar with all the rules, sorry )
  • #4,391
  • Aug 1, 2009 1:36pm Aug 1, 2009 1:36pm
Quoting Chris_B
With all respect...but if you have read the thread...you know that the system isn't searching for chart type alternatives...it works perfectly with candles and with renko..
With all due respect thread wasn't looking for EA as well but few people posted ea one TG left the forum with 95% success rate EA.. all started from this thread .. i just give an idea.. thats all ..
  • #4,392
  • Aug 1, 2009 1:38pm Aug 1, 2009 1:38pm
Hi Edge

Sorry that I interrupted your thread but I couldn't pass these stats without leaving a comment.

Thanks for clarifying that overtrading isn’t healthy.

Believe me that I’m not jealous or want to be a thread hitch hiker neither questioning your system, I only tried to get the minds back to reality and I think you know that.

I don’t care who trades what and my mission about THV has finished, I explained how to trade it and everything else after more than 12000 posts is only repeating what already was said.

I respect you and your thread as you deserve and what you are writing sounds like it comes from someone who knows what he does.

Yes, I know that 1 or 2% daily can be done (even that I really dough that it can be done constantly) but not by a trader who, two weeks ago, didn’t know what a doji or a H&S is.

A system is only a tool, an easier way to observe PA, some mentors say that 30% is the system and 70% the trader, that’s why most EA’s fail.

Keep on the good work and I hope my next post here (if there will be one) will be more related to trading than trying to show trading reality.

A last word: Folks before you kick your boss in the rear and give your day job the boot, try to be honest to yourself and see what you really can do in FX, I’ve seen very good traders with high drawdowns once a while, your family needs to eat and pay the rent, doesn’t matter if you had a good or bad month/year. Don't work with your credit card or housemoney, only use what you can lose without that this loss will change your lifestile.

Sorry if I offended someone who doesn’t deserve it, have a great weekend all.


Quote
Am not exactly sure, but I think this is the catalyst for Cobra's posting. As a German, both Cobra and Swingman set forth postings that might need a to be looked at a bit closer.

The 2% daily goal is easily achievable and Cobra well knows this.

So, am going to issue a professional 'pass' on this as he is quite correct that ANYONE who even attempts to trade at a level that tries to achieve +70% in 48 hours is foolish.

Regards.
  • #4,393
  • Aug 1, 2009 1:40pm Aug 1, 2009 1:40pm
Hoichoi, would you be so kind and resize your chart?

Thanks
  • #4,394
  • Aug 1, 2009 1:42pm Aug 1, 2009 1:42pm
Quoting cobraforex
A last word: Folks before you kick your boss in the rear and give your day job the boot, try to be honest to yourself and see what you really can do in FX, I’ve seen very good traders with high drawdowns once a while, your family needs to eat and pay the rent, doesn’t matter if you had a good or bad month/year. Don't work with your credit card or housemoney, only use what you can lose without that this loss will change your lifestile.
I don't think anyone here is that stupid. Please don't talk down to us.
'Nuff said.
******************* I'd rather make money than be right.
  • #4,395
  • Aug 1, 2009 1:52pm Aug 1, 2009 1:52pm
HoiChoi, you are in my Ignore list until you stop posting those oversized charts. You have been asked numeous times not to do it.

If you want us to see a large chart, upload it to one of the many free webphoto sites and post a link here.
******************* I'd rather make money than be right.
  • #4,396
  • Edited 11:41pm Aug 1, 2009 1:54pm | Edited 11:41pm
Quoting hoichoi
Hii
This is just and idea.. instead of using renko bar.. this is range bar which is constant 10 pips bar.. and all trades are explained in the picture.. as i said this is just and idea i hope this thing can be fine tuned..
Seems good but as edgetrader said to trade when market overlaps probarbly can filter out some trades..

Guys any idea would be much appriciated.


NOTE: I had to post big chart to show all the trade oppertunity on 30th of July..

Attached Image (click to enlarge)
Click to Enlarge Name: 1249150187-clip-55kb.png Size: 55 KB



While I can appreciate your stance that this is just an idea, it would be best for you to show quite a few trades in comparison to Renko and proof up this constant range charting as something that competes with or exceed that of true Nitro.

Anything other than that is just not doing the work and throwing stuff out there for others to do the work. Show me some testing results and show me that it is better and I will most assuredly recommend ALL change to this just as fast as possible.

Take the challenge!

Regards.
  • #4,397
  • Aug 1, 2009 1:57pm Aug 1, 2009 1:57pm
Quoting eclayf
Click on your name at the top left of the page. It opens your profile page. Scroll down the page until you see "Edit Options" under the "Settings and Options" section on the left of the page. Click that and it opens a page where you can scroll down to the Messaging and Notification section in the image below. Click the box next to "Enable Private Messaging"

THEN scroll aaaaaaaaaaaall the way down to the bottom of the page and click the "Save Changes" button.
God bless,
Clay
studbiol, Clay is absolutely right, but what he just illustrate, both parties
must do, in other words in order to receive your message, the other
party must enable "Enable Private Messaging" option and in order for you to
receive his/her reply you must also enable Private Messaging...

Hope that helps..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,398
  • Aug 1, 2009 2:16pm Aug 1, 2009 2:16pm
I of course, usually use fibos and pivots if daily or weekly but
on short time frame trading they are so rarely important...
what indicator are you using for the dots here for support and resistance
? Please post if you will

Brian

Quoting lrathi
http://static.forexfactory.com/forex...1&d=1249074569 (http://www.forexfactory.com/t/181900/attachment.php?attachmentid=282277&d=1249074569)

Beauty!

Same as my setup

Please confirm TF...M15 settings LWMA longtern amd short term...Amusinf 12,3,6 and 32,3,6

S&R not regarded so important on M5(original C4).
Of course With my rules I always use S&R,divergence awareness and Higher TF participation for any TF trading.
  • #4,399
  • Aug 1, 2009 2:19pm Aug 1, 2009 2:19pm
Quoting hoichoi
Hii
This is just and idea.. instead of using renko bar.. this is range bar which is constant 10 pips bar.. and all trades are explained in the picture.. as i said this is just and idea i hope this thing can be fine tuned..
Seems good but as edgetrader said to trade when market overlaps probarbly can filter out some trades..

Guys any idea would be much appriciated.

NOTE: I had to post big chart to show all the trade oppertunity on 30th of July..
hoichoi .... you are a "pain in the butt". You continually post wide charts on this thread and it completelty messes up reading a page (have to use horizontal scrool bar).

I've asked you twice before to stop. You've taken no notice. Why?

[If you need top post a chart with a long timeframe, post two charts ('left' and 'right')]

Please show some thought to others.
  • #4,400
  • Aug 1, 2009 2:19pm Aug 1, 2009 2:19pm
Thanks Syahmi!

Nice one... Brian

Quoting Syahmi
Something useful guys......

Just drag into smTrix indy (put on top of smTrix indy).

There you go...

P/S: Template is on page 267, post 3994.


Cheers !
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