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C4 Scalping

  • #5,561
  • Aug 6, 2009 6:24pm Aug 6, 2009 6:24pm
The suggested HMA uses the low price of the bricks. With the wicks involved it changes the HMA a little. Two options : use Close (or open) price for the HMA or change the HMA code accordingly.

The HMA tends to signal direction changes a little faster (1/2 to 1 bricks) when using the Close price versus the Low price.

The trix should not be impacted.


Quoting flyingdawg
If you choose the option for your renko bricks to show wicks, be aware that all of your indicators will be reading the full size of each brick, including the wicks. So your indicator readings will be very different than what they would show if the wicks were not present.
  • #5,562
  • Aug 6, 2009 6:28pm Aug 6, 2009 6:28pm
Let's stay focused on the thread....

For those that have doubt on SL...on TP and so on...
You would have understood that this thread is not only a trading thread...it's some more....psychology is also involved...

When Edge says that trading is 25% mechanical and 75% mental...i think is revealing us the reason why the largest part of traders fails...

All traders are searching for the perfect indy, the perfect TP, the perfect SL...andthey don't care of their mental aspect...the most important...

When you eat...do you think what you are doing? How much do you have to eat? At what time you will be sated?? NO...simply you eat
When you walk...do you think how you have to walk? What leg have to start and what have to sigue? NO...simply you walk

When you trade....what do you think?? Probably you think too much...
Edge is saying "take the trades...winning or losing...but trade...push the plunger...you win? Take another trade...you lose? So what? Take another trade...and have some goals"
This is the reason why we (i for sure) are trading in demo...i have to train myself and my mind...i want to be sure of what i do...without thinking too much in what i'm doing...
Today i've closed my day with -4 pips loss..after some trades...no pain...no problem...tomorrow i will push the plunger...until i will be proficienty...

This is my opinion...
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,563
  • Aug 6, 2009 6:33pm Aug 6, 2009 6:33pm
Quoting DETrader
Have you tried different broker feeds? I find mine freezes little to none on different feeds.
I will try that, but first I want to spend a week trading only C4, I think it suits me better if I can get the results .. and I think that is just a matter of practice, practice...
******************* I'd rather make money than be right.
  • #5,564
  • Aug 6, 2009 6:40pm Aug 6, 2009 6:40pm
Quoting amosfella
The best way to overcome fear is to not think the word fear at all... I think I've got the courage to do something.... Or, I have the courage of a lion... Or I have the courage of king Leonidus....
Also, never trade mad.... I've found that out with a few blown demo accounts.... If you start to lose, it's better to quit and cool down than to keep losing.... Revenge trading blinds judgement, and you will make trades you never would have if you were cool and collected....
I actually find that I trade much better if I listen to soothing music while...
This is an interesting observation. I listen to the radio, a show that makes me laugh .. but I might try some music as well.

Also usually fear comes when there is too much money at stake. Pro traders have said if a trade makes you sweat, reduce your trade size untiil you can watch it cooly.
However if she gets fearful trading a demo account .. then the issue is fear itself and probably fear of failure or even fear of success! People who set very high standards for themselves can have that problem, so the solution would be to relax and see it as a game, nothing more. It is a game until there is 'real' money on the line, so until then .. have fun with it and enjoy the process. If you mess up even 10 times in a row, just laugh at yourself and go on. Maybe make up some silly little reward or 'penalty' for success or failure .. like you get to eat a peanut when a trade works out well but have to get up and do 5 push-ups when one goes bad. Anything to make it more like a game...
******************* I'd rather make money than be right.
  • #5,565
  • Aug 6, 2009 6:44pm Aug 6, 2009 6:44pm
Quoting Chris_B
...
When Edge says that trading is 25% mechanical and 75% mental...i think is revealing us the reason why the largest part of traders fails...

All traders are searching for the perfect indy, the perfect TP, the perfect SL...andthey don't care of their mental aspect...the most important...

When you eat...do you think what you are doing? How much do you have to eat? At what time you will be sated?? NO...simply you eat
When you walk...do you think how you have to walk? What leg have to start and what have to sigue? NO...simply you walk

When you...
This is excellent! And it fits with what I was saying above about overcoming plungerpushophobia.

Ya' gotta keep at it until it becomes second nature & in the meantime, do whatever works to make the process enjoyable .. music, games, comedy shows ... whatever lights your candle.

I lost a lot more than 4 pips today but only because I am still breaking my own rules ... no problem, now I know I can make it back again just by re-focusing and following the rules. Soon I will have re-programmed my brain to know what works .. and what doesn't!
******************* I'd rather make money than be right.
  • #5,566
  • Aug 6, 2009 6:47pm Aug 6, 2009 6:47pm
Quoting Chris_B
you win? Take another trade...you lose? So what? Take another trade...and have some goals"...
Probably I' missing something here. I don't know about yourself Chris, but i treat trading as a business, one of many I've had the opportunity to get involved into. I guess I don't have to explain it to you that ANY business needs a realistic business plan in order to be successful.

I've simply noticed that trading this particular system is not going to take you anywhere near where you want to be unless you achieve at least 90% strike rate. I really like the system and am determined to achieve consistent 90%. Can't you see that even 80% is enough only to break even?

I simply asked how you guys cope with this and expected some serious answers not some "dr. Phil believe in yourself mambo jambo".

Best Regards.

  • #5,567
  • Aug 6, 2009 6:49pm Aug 6, 2009 6:49pm
Quoting paradoxical
....
This is the same MO that a guy I know uses. He wrangles out the code for well liked indicators, tweaks them a little, and then asks for "donations'.
...
I know the 'One' you are talking about .. he has been banned from forums all over the web and the reason I left Babypips forum was because they refused to ban him for weeks even though it was clear what he was up to. 'Donations' my .... left foot

Back to trading .. as long as Edge remains who he is, we are all going to do just fine.
******************* I'd rather make money than be right.
  • #5,568
  • Aug 6, 2009 6:50pm Aug 6, 2009 6:50pm
Quoting 4xStar
This is an interesting observation....
Here's a little secret that should help, don't look at your P/l at all!
Til the end of the day at least, there's nothing really important there.
Instinctively you know you've had a good day when_______________.

Just the charts!
Regards
  • #5,569
  • Aug 6, 2009 6:53pm Aug 6, 2009 6:53pm
Quoting jackal
I simply asked how you guys cope with this and expected some serious answers not some "dr. Phil believe in yourself mambo jambo".

Best Regards.
Sorry you think it is mumbo-jumbo. I think the serious answer to your question is PRACTICE PRACTICE PRACTICE .. until it becomes 2nd nature to achieve that 90+% success rate which I at least know is more than possible.
And the believe in yourself part is to help you get through the training part without going nuts .. or taking yourself or trading too seriously.
The business plan must be in place but it will really kick in once there is real money on the table and that will not happen until proficiency is achieved.
And since our drill sergeant is a real meanie .. we had better type less, trade more! And post results (I am #1 sinner in that regard....)
******************* I'd rather make money than be right.
  • #5,570
  • Aug 6, 2009 7:11pm Aug 6, 2009 7:11pm
Quoting jackal
Probably I' missing something here. I don't know about yourself Chris, but i treat trading as a business, one of many I've had the opportunity to get involved into. I guess I don't have to explain it to you that ANY business needs a realistic business plan in order to be successful.

[color=black][font=Verdana]I've simply noticed that trading this particular system is not going to take you anywhere near where you want to be unless you achieve at least 90% strike rate. I really like the system and am determined...
We started trading this strategy only 4 weeks ago (C4) and 2 weeks ago (Nitro)...i think that nobody here is ready to trade it in real account with proficiency...
But Edge trades this plan (not exactly this) from 5 years...and he is a full time trader....i don't have reason to doubt in the strategy...i can't think that someone can trading for a life if the strategy doesn't work...
Something else will be added by Edge in this thread i hope in the next days...we will graduate to another level if we practice...this isn't the final step...so i think that watching P/L ratio for now is premature...let's trade (in demo) let's win and let's lose....we will learn something new every day...
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,571
  • Aug 6, 2009 7:27pm Aug 6, 2009 7:27pm
Quoting jackal
I’ve been trading Nitro since introduced into the thread. I’ve committed 4 hours a day into trading the system as originally designed to gain proficiency and confidence and have to admit it’s getting better every day. Nevertheless what I’m struggling is a SL issue. Is this only me? Are you guys having a similar problem?

[size=3][font=Calibri]I’ve achieved an average strike rate of about 80 – 90%. Keep in mind that with this system (5 TP and 20 SL) 80% strike rate = break even. So I’ve been trying a couple of...
Hi Jackal

Well first of all congratulations on having a 80 to 90% win rate, that is fantastic. I have been floating between C4 and Nitro (shhh don't tell the boss), trying to decide which I like the best. I have actually just opened up a seperate account for Nitro, so I can be very clear on which one I am trading....anyways....I digress.....I would think that if you can push your strike rate to a very consistent 90% you will be getting close. I too struggle with the stop loss thing.
Actually, what I do, if a trade goes against me, I move out to a higher time frame, and look at support and resistance and I decide if there is a possibility that things will turn around, and then I set my stop accordingly, so it may mean that the trade goes against me even 40 pips and then swings back. However....I am not sure if I could stomach that with "real" money. (I am demo trading Nitro, and trading C4 with 20 cent pips)
Anyways.....I am glad you posted this. My guess is the boss will say....keep on focusing on getting your strike rate up there and don't worry about it at this point.....but what do I know....just my guess

PGPB
  • #5,572
  • Aug 6, 2009 8:05pm Aug 6, 2009 8:05pm
Quoting waddij
Another example. Have just had 2 more +5 AUD/JPY and EUR/JPY

As you can see from the chart they both dropped back to about -20 before making the +5. Not always like this, usually trades are over and done quickly but 45 mins later is just as good as 4.

THe USD/JPY ... Currently -22...... Cross of MA, change of MA colour and Trix.... good signal, will see what happens.
Hi Waddij

When you look for the trade set-up you it's easy to ignore the MOM. In this case the MOM was dragging along in the -ve which should have prevented you entering the BUY.

The other 2 trades were perfect with all elements in place. No use pressing the plunger when the detonator wires are still diconnected,

Dave W
  • #5,573
  • Aug 6, 2009 8:05pm Aug 6, 2009 8:05pm
Code Breaker / Tudor Girl....
well...
crazy world...

To morrow is another day in the big crazy washing machine of Fx...
Si les cons volaient, il ferait toujours nuit...
  • #5,574
  • Aug 6, 2009 8:16pm Aug 6, 2009 8:16pm
Quoting paradoxical
This is distressing news. Sad that an individual would pretend to be a female and dupe all of us. Now that i think back on some of "her' posts, what Twee says has to be correct. Knowing how careful he is, he would never make the allegation unless he had the goods.
A rocket scientist, my a#$@!!
I knew a guy named code muncher, who was AKA by a well known alias I won't put down because I could be wrong. I doubt code breaker was AKA code muncher, because I believe FF banned him.
Most likely, Tudor Girl was trying to sell an indicators that, from...
Agreed! I am embarrased and I have a couple of e-mails to send this evening. Answers better make sense.

I defended 'Anne' pretty often and owe a special apology to 'Arathi' who was quite outspoken on he/she/it?

God, I am sick of all the BS on FF. Special thanks to 'Twee' though. Is a thankless job he does for very little.

Regards.
  • #5,575
  • Aug 6, 2009 8:18pm Aug 6, 2009 8:18pm
Quoting Edgetrader
Agreed! I am embarrased and I have a couple of e-mails to send this evening. Answers better make sense.

I defended 'Anne' pretty often and owe a special apology to 'Arathi' who was quite outspoken on he/she/it?

God, I am sick of all the BS on FF. Special thanks to 'Twee' though. Is a thankless job he does for very little.

Regards.
Too bad they had to spoil your wonderful thread.
  • #5,576
  • Aug 6, 2009 8:21pm Aug 6, 2009 8:21pm
Edge, what a CLASS post. I can say no more. But, knowing your character, I expected nothing less.
Quoting Edgetrader
Agreed! I am embarrased and I have a couple of e-mails to send this evening. Answers better make sense.

I defended 'Anne' pretty often and owe a special apology to 'Arathi' who was quite outspoken on he/she/it?

God, I am sick of all the BS on FF. Special thanks to 'Twee' though. Is a thankless job he does for very little.

Regards.
  • #5,577
  • Aug 6, 2009 8:28pm Aug 6, 2009 8:28pm
No one has spoiled this thread, they have just wasted a lot of everyone's time. It is unfortunate that some people feel the need to play games with life, but that is the way it is.

This thread has helped many, many people, and there are a lot of people that have put in a lot of their time and knowledge to help others. That is the way things should be. I look forward to the time that I will be able to pass along some of what has been learned, and to the time that I can help those that are not as fortunate.

At the end of the day, we are here to learn, and we have a great teacher. Lets put the crap behind and get moving - if we aren't going forward, we are retreating. And who wants to retreat?


Quoting gbppip
Too bad they had to spoil your wonderful thread.
Read the entire thread BEFORE you ask questions!
  • #5,578
  • Aug 6, 2009 8:32pm Aug 6, 2009 8:32pm
Wow i am speechless... Would love to see these irrefutable evidence though..

My signature seems to be right once again
  • #5,579
  • Aug 6, 2009 8:44pm Aug 6, 2009 8:44pm
Quoting FrankenPip
May I offer my experience?

Fear of losing means your focus is on losing. What is the reason you are thinking about losing? There is nothing to fear at all. As soon as you enter your trade or as you enter your trade, make sure your stop loss is in effect. That means you should only lose what you have decided to risk. You can also set your profit exit at this time. There are 2 possible outcomes for your trade, you exit with a predetermined loss or you exit with a win that is either predetermined or left up to the market to decide. What is there...

Thanks a lot... appreciate it.....

Cheers !
  • #5,580
  • Aug 6, 2009 8:48pm Aug 6, 2009 8:48pm
Tex, if you read the posts from Codebreaker with an open mind, the conclusion is inescapable. There can never be 100% proof. However, this is so obvious it's not even funny. What Codebreaker did wasn't funny, either. My suspicion is the sale of an indicator(s) developed by a charming "girl" named Tudor Girl, who just happened to be a rocket scientist who was looking for that elusive love. A story that tugs at the heartstrings of all but the jaded, which Codebreaker knew. The reason the ruse went on so long, and that so many were taken in is that we humans are trusting. Sometimes to a fault. Those that are trusting never want to see the bad side of people. We witnessed it here. A shame. Our trust shattered. What we thought was real turned out to be a sham. A fake. A phoney. It hardens the heart to go through this. Makes us all a little more wary the next time, when perhaps someone who really is the real thing is thought to be, and maybe even wrongfully accused of being a fake. For Codebreaker, who I know will read this, I have a message. What have you gained? Does it do you well to tamper with the hopes and dreams of those who strive to succeed? What you sow, you shall reap.
As for me, it is onward and upward. There are lessons to learn from one who really does have a heart of gold. It takes far more than a rocket scientist to achieve that level, as you now well know.
Quoting tex
Wow i am speechless... Would love to see these irrefutable evidence though..

My signature seems to be right once again
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