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C4 Scalping

  • #5,461
  • Aug 6, 2009 9:33am Aug 6, 2009 9:33am
Quoting Syahmi
CRBs...... Range Bar isn't it ???
CRB=Constant Range Bars
/ ... clarifying decisions ... /
  • #5,462
  • Aug 6, 2009 9:35am Aug 6, 2009 9:35am
Quoting walb99
This is a limitation in the Renko technology, the price level stays always the same as long as your computer is turned on, thats why CRBs are a better alternativ to Renko, because they build their blocks according to the real market movements and price levels.

http://www.forexfactory.com/showpost.php?p=2788448&postcount=48
OK, so when is someone going to take the time to actually test this theory out and proof it up?

Can use renko or a glorified candlestick. No trades taken by CRB's to merit making the statement. Am all for providing the best possible tools to the thread, but this is opinion, and as of this time is unsubstantiated.

Regards.
  • #5,463
  • Aug 6, 2009 9:37am Aug 6, 2009 9:37am
Good to have a set answer on that topic from Edge, since it can lead to protracted discussions about "repainting", "inconsistent data feeds and signals", different bar types etc that seem to be all too popular in trading threads...

One less thing to worry about when I graduate to Nitro (and for those already trading it of course)


Quoting Edgetrader
Good point. I am off line all night, every night. Boot up in the morning, reapply the script and trade what is in front of me. Seems to be much ado over nothing.

Regards.
  • #5,464
  • Aug 6, 2009 9:37am Aug 6, 2009 9:37am
Well, my 8 trade winning streak finally came to an end (C4). I took a long on EUR/JPY this morning right before it tanked! I THINK it was the 13:20 candle. I'm at work so I haven't had time to go back and review the trade to see if I made a mistake or if it was just one of those "that's trading" things.

I am one of the guys trading C4 live but I want to disclose that I am trading 10 cent pips. Trading live with 10 cent pips is how I demo. I just don't make the same decisions trading on a demo that I do live, even if it is only 10 cent pips (I get just as serious trading 10 cent pips as I do trading full lots!).

Anyway, good luck to all and thanks to Edge for not only sharing his thoughts and ideas, but also for keeping such a clean thread. Sure is nice to read a thread and not have to pick through 40 posts of trash to get to the useful posts.

Good luck everyone.....
Marto
  • #5,465
  • Aug 6, 2009 9:41am Aug 6, 2009 9:41am
Hey guys i have just purchase the renko script and i got the compiled ex4 version..is this good enough??.some advice please.
  • #5,466
  • Aug 6, 2009 9:54am Aug 6, 2009 9:54am
Dear Edge,

just made my first C4 entry right now.

have been trading all morning but when the signals came i was already in (just for the record 4 wins 1 loss total +37 pips, yesterday 9wins 0 losses 52 pips)

i usually go to the next resistance level other than the +5 pips target. do you think this is wrong? do you want me to stick to the 5 pips so that my input is more valuable to the thead?

i have been sticking to the AU although i have all 4 charts open as you recommend.

i will just take the trades when i believe them myself and not follow the signals blindly. is this ok with you?

good pipping for all!
dreams do come true.
  • #5,467
  • Aug 6, 2009 9:55am Aug 6, 2009 9:55am
Quoting Edgetrader
Well then perhaps you would care to explain the following from another one of your earlier postings.

I think, risk-reward ratio is the weak point of C4/Nitro as described in another thread. You can tell me whatever you want but I cannot quit logical thinking. And this thinking tells me that if the ratio is 4:1 or even 6:1 then it cannot be sustainable.
[u][i][color=blue]By this kind of trading all of us become just a fresh fish for the brokers. What could be better for a broker than to have a big number of clients...
Edge, you are quoting my post from another thread that was opened by me especially for discussing how to use the same setup (Trix + MA) in different ways. And to my mind, this quoted post of mine is just an example of different attitude.
How could anybody think that I want to tell EVERYONE what to do? I think I would go to the politics if I would like to manipulate people not sitting behind my PC discussing some commercial ideas in an anonymous thread.
Freedom of thinking and speech is a human right, at least as much as I know. I did not post the quoted message in your thread, so I am a bit surprised that we are now discussing it here.
  • #5,468
  • Aug 6, 2009 10:01am Aug 6, 2009 10:01am
Traded long AUD/USD, paid me again...
Thanks
  • #5,469
  • Aug 6, 2009 10:03am Aug 6, 2009 10:03am
As the scripts search for Account Balance (uses AccountBalance()), it uses the current account balance. Feel free to change this parameter for your own use to whatever you need. I just posted a script I found elsewhere written by a coder that I trust.

Best wishes

Quoting bisecom
Dear thecatpreach, thanks a lot for your message and scripts.
You indiacted that the scripts will open possitions as perset from equity.
I opened three possitions a once and were opened 3 positions with the same lot. Quesion is - are you sure that the script work from equity but not balance?
  • #5,470
  • Aug 6, 2009 10:12am Aug 6, 2009 10:12am
Bloody battle also today on the market...

I have to calm down my finger a little bit...sometimes it acts too early and takes me in bad trades....

Training continues...for my mind & for my finger...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,471
  • Aug 6, 2009 10:16am Aug 6, 2009 10:16am
Just bagged +9 pips on AU.

waiting for the next entry signal for the audusd.

total +38 pips today. my last post said +37 but the account was already adding my current (this) position (possible) pips.

let the pipping go on!
dreams do come true.
  • #5,472
  • Aug 6, 2009 10:21am Aug 6, 2009 10:21am
if it weren't for the C4 i would be selling AU by now. but i will wait patiently for the C4 signal to confirm my thought. hope to bag another 10 pips on that short.

happy pipping to all.
dreams do come true.
  • #5,473
  • Aug 6, 2009 10:27am Aug 6, 2009 10:27am
Quoting wannaberich
Dear Edge,

just made my first C4 entry right now.

have been trading all morning but when the signals came i was already in (just for the record 4 wins 1 loss total +37 pips, yesterday 9wins...
The +5 level is geared to showing one how to 'scalp' with the methodology and get out of harms way. Set your charge, blow it up and leave the area.

If you choose to stick around when the enemy is quite irritated at you blowing up and derailing the train, when they (market) do catch you (and they will) you are not going to be held in high regard.

That said, the basic philosophy is set forth is to train one to be proficient. Anything other than that is at your own risk. Set the charge, blow it up, retreat. Repeat 1000 times. Over and over and over and over until it is a relex action.

Regards.
  • #5,474
  • Aug 6, 2009 10:28am Aug 6, 2009 10:28am
Hey chris did you wait for the brick to close above the ma before you take those(-)trade and a another question i have just purchuse the renko but i got the compiled version..is this good enough?.Thanks.=
Quoting Chris_B
Bloody battle also today on the market...

I have to calm down my finger a little bit...sometimes it acts too early and takes me in bad trades....

Training continues...for my mind & for my finger...
  • #5,475
  • Aug 6, 2009 10:30am Aug 6, 2009 10:30am
Quoting TTMarto
Well, my 8 trade winning streak finally came to an end (C4). I took a long on EUR/JPY this morning right before it tanked! I THINK it was the 13:20 candle. I'm at work so I haven't had time to go back and review the trade to see if I made a mistake or if it was just one of those "that's trading" things.

I am one of the guys trading C4 live but I want to disclose that I am trading 10 cent pips. Trading live with 10 cent pips is how I demo. I just don't make the same decisions trading on a demo that I do live, even if it is only 10 cent...
Less than 1 month into the thread. It is not yet about the money. Agree that trading ANY level of real funds increases concentration level, however, those who 'demo' are good to go also.

Take the setups over and over and over again. As many as time allows. This is not an overnight aquisition process.

Regards.
  • #5,476
  • Aug 6, 2009 10:31am Aug 6, 2009 10:31am
Well, I was looking forward to posting my C4 charts today but it's really a bloody mess.

Lack of discipline on my part. Too early or to late on the entries.

KP for me tonight.
  • #5,477
  • Aug 6, 2009 10:32am Aug 6, 2009 10:32am
Quoting stunna29
Hey chris did you wait for the brick to close above the ma before you take those(-)trade and a another question i have just purchuse the renko but i got the compiled version..is this good enough?.Thanks.=

Hi, yes the compiled renko version is the same that all are using here...it's ok enough...

And...not always i wait for the close of the brick...but this sometimes takes me in bad trades....so...let the PA develop a bit... (i'm saying this to you...and i'm saying this to me :-)
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,478
  • Aug 6, 2009 10:34am Aug 6, 2009 10:34am
Quoting Edgetrader
The +5 level is geared to showing one how to 'scalp' with the methodology and get out of harms way. Set your charge, blow it up and leave the area.

If you choose to stick around when the enemy is quite irritated at you blowing up and derailing the train, when they (market) do catch you (and they will) you are not going to be held in high regard.

That said, the basic philosophy is set forth is to train one to be proficient. Anything other than that is at your own risk. Set the charge, blow it up, retreat. Repeat 1000...
Please wait until I am off the train and exit the station before you blow up the train
If you only trade long, then you can't always be wrong.
  • #5,479
  • Aug 6, 2009 10:37am Aug 6, 2009 10:37am
1st trade of the day. On nights last night......

Love that i can boot up, reset the renko, find the first signal and BOOOOM

+5

Love it,

Thanks Boss

DX, Also want to say thanks for the new Info and for giving up on the EA.... understand why people like them but nice to have you back
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  • #5,480
  • Aug 6, 2009 10:39am Aug 6, 2009 10:39am
Waited patiently for the AU red arrow to come up. sold. +5 pip target. SL above next resitance (.8414 - 12 pip loss maximum).

if it weren't for you, Boss, would have entered before. but we are here to test the explosive, right?

hope you all are enjoying this as i am
dreams do come true.
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