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C4 Scalping

  • #5,481
  • Aug 6, 2009 10:50am Aug 6, 2009 10:50am
home from work and +5 on the beast
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  • #5,482
  • Aug 6, 2009 10:56am Aug 6, 2009 10:56am
I know that the EurUsd is not one of the 4 pairs ...
4 trades +5 = 20 pips .
Would appreciate any comments ...
you were lucky/was not supposed to enter/counter trend / aggresive entry .... etc
On the 2nd trade I was lucky as the trade went against me more than 20 pips .

Tks
David
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  • #5,483
  • Aug 6, 2009 11:01am Aug 6, 2009 11:01am
sorry, my SL is at .8414 which is not 12 pips but 22 pips above my sell.

(too large from my point of view).
dreams do come true.
  • #5,484
  • Aug 6, 2009 11:03am Aug 6, 2009 11:03am
Quoting FrankenPip
Please wait until I am off the train and exit the station before you blow up the train
Will ensure collateral damage is minimalized.

Regards.
  • #5,485
  • Aug 6, 2009 11:09am Aug 6, 2009 11:09am
Quoting Edgetrader
So you are actually implying I went to your thread, read all about swing trading and found this and then took it and put it over here in this thread?

Is it possible you have since 'deleted' this from this thread today?

So, while you may be under the impression free speech is a human right, that is not quite accurate in a forum dedicated to a methodology you have long questioned and found occasion to attempt to refute.

This is by no means a democracy. I promote one methodology, and only one. Further, I have been quite accommodating to everyone...
1. Yes, you quoted the post that was in my thread ONLY. I noticed you reading my thread and shortly after you responded in this thread. That is why I was surprised why you yourself brought the topic to this place where it does not belong?
2. No, I have not posted it here nor deleted it from here. You were the first to post it here when you quoted it.
3. I fully respect anything what you decide about your thread.
4. In my thread I feel free to post my ideas.
  • #5,486
  • Aug 6, 2009 11:09am Aug 6, 2009 11:09am
thanks, Edge, another +5 bagged (could have stayed longer for sure but i respected you TP)
dreams do come true.
  • #5,487
  • Aug 6, 2009 11:11am Aug 6, 2009 11:11am
Quoting Indrek
I have also traded this plan live but trading 0,1 lots and 1-2 lots at a time IS different and I am quite sure that the results are directly influenced by psychology. So, risking 300 dollars most probably makes anybody behaving differently than trading some pennies that you do not care about much.
The plan does not matter. If one cannot get their mind around probability theorem trading, they will have issue trading even a plan that hypothetically has a strike rate of 90%.

As soon as 'fear' enters into the thought process for initiating a trade, the trade is already lost.

Again, trading is 25% mechanical and 75% mental.

Regards.
  • #5,488
  • Aug 6, 2009 11:18am Aug 6, 2009 11:18am
+ pips
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  • #5,489
  • Aug 6, 2009 11:21am Aug 6, 2009 11:21am
Quoting johny pip
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.
I crashed & burned as well today, it looked like I was taking the signals as usual but nearly every time the pair would reverse on me. It was like I couldn't to anything right!
Practice, practice, practice
******************* I'd rather make money than be right.
  • #5,490
  • Aug 6, 2009 11:22am Aug 6, 2009 11:22am
Thanks alot chris!
Quoting Chris_B
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 :-)
  • #5,491
  • Aug 6, 2009 11:23am Aug 6, 2009 11:23am
Quoting david4u
I know that the EurUsd is not one of the 4 pairs ...
4 trades +5 = 20 pips .
Would appreciate any comments ...
you were lucky/was not supposed to enter/counter trend / aggresive entry .... etc
On the 2nd trade I was lucky as the trade went against me more than 20 pips .

Tks
David
Setups are fine, trades seem fine. Trix indy is redundant as you already have the SM Scalper candles showing the same thing. Other than that, I think 'practice' is best served with the yen crosses. We will address EU at a later date.

Regards.
  • #5,492
  • Aug 6, 2009 11:28am Aug 6, 2009 11:28am
Quoting Edgetrader
That sir is an out and out lie.

Could give a hoot what is in your thread and you well know that. As does anyone who follows this particular thread. It is not even worth mentioning further as you would fail miserably at attempting to explain any possible motive or reasoning for doing such.

It may indeed be best for you to focus your efforts there before this gets to a point that neither one of us will enjoy.

Thanks for your contributions and best wishes with your thread and methodology.

Best Regards.
Very disgraceful reaction, sir. It indeed is.
  • #5,493
  • Aug 6, 2009 11:28am Aug 6, 2009 11:28am
Quoting Edgetrader
The plan does not matter. If one cannot get their mind around probability theorem trading, they will have issue trading even a plan that hypothetically has a strike rate of 90%.

As soon as 'fear' enters into the thought process for initiating a trade, the trade is already lost.

Again, trading is 25% mechanical and 75% mental.

Regards.
Hi Edgetrader:

How many trades would you suggest one make before they quit for the session? A better question may be what would you consider to be over trading?
If you only trade long, then you can't always be wrong.
  • #5,494
  • Aug 6, 2009 11:30am Aug 6, 2009 11:30am
I have started reading all the posts but i am still on page 24.

has anything else been written, in the mean time, about the four pairs?

because i just went to page one and the four pairs mentioned are:

"I suggest the following pairs be considered. EU, GU, EY and AU".

haven't done any EU today but to have the rules clear.
dreams do come true.
  • #5,495
  • Aug 6, 2009 11:33am Aug 6, 2009 11:33am
Hello all,

I got the renko bars since a few days as well and I was wondering if after we start up the MT4 again do we have to reopen the offline charts or can we just reattach the script to the normal 1min charts and it will update the offline charts right away?
I have always been reopening all the charts again from scratch which is a pain to resize all the charts properly again to fit it next to eachother.

Im sorry if this has been addressed before,I might have overlooked it.

Jeroen
  • #5,496
  • Aug 6, 2009 11:34am Aug 6, 2009 11:34am
Keep working at isolating proper setups. Is not overly difficult to reach proper trading goals for this method.

Already hit such earlier as was posted. Came back later than I usually would and setups are still good enough to work with.

I realize I am much more proficient than others at this stage, but is that really a surprise? Nope. Many are taking the same trades I see and hitting goals. It is not overly complicated trading at all. Just need to have decent recognition of the setup, push the plunger, get a few pips if PA allows and leave. Not worried on SL at all. So what if you lose a trade? Goal is 20-30 pips per day and DONE!!!!!!!

Discipline and tenacity will serve you well in this or any other strategy you choose to trade.

Regards.
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  • #5,497
  • Aug 6, 2009 11:37am Aug 6, 2009 11:37am
Quoting wannaberich
I have started reading all the posts but i am still on page 24.

has anything else been written, in the mean time, about the four pairs?

because i just went to page one and the four pairs mentioned are:

"I suggest the following pairs be considered. EU, GU, EY and AU".

haven't done any EU today but to have the rules clear.
Are you wanting to know something specifically?

Regards.
  • #5,498
  • Aug 6, 2009 11:40am Aug 6, 2009 11:40am
Quoting tekoja
Hello all,

I got the renko bars since a few days as well and I was wondering if after we start up the MT4 again do we have to reopen the offline charts or can we just reattach the script to the normal 1min charts and it will update the offline charts right away?
I have always been reopening all the charts again from scratch which is a pain to resize all the charts properly again to fit it next to eachother.

Im sorry if this has been addressed before,I might have overlooked it.

Jeroen
Set the charts up side by side and save the layout as a template. That will cure one of your issues.

Then just reattach the scripts as you mention and all will be good.

Regards.
  • #5,499
  • Aug 6, 2009 11:40am Aug 6, 2009 11:40am
So do you go into your MT4 root directory and delete all the M2 files that are in th history??
  • #5,500
  • Aug 6, 2009 11:42am Aug 6, 2009 11:42am
Someone wrote today about the Renko bricks repaint ...
Take a look at the 2 charts .Both from my PC , same account different time .
Renko bricks look completely different and the HMA as well .
I guess it's a Renko isuue ...
anything that we are supposed to know , to do ?
Tks
David
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