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C4 Scalping

  • #5,701
  • Aug 7, 2009 12:53pm Aug 7, 2009 12:53pm
Quoting Edgetrader
Will leave that up to Dx to explain his trading criteria.

As for me, I use a very simple approach as shown on page one.

Here is the EU chart I have for today. As of this posting, I see five trade possibilities shown by the verticle lines. It appears to me that each one is about as clean a setup as we could ask for. Also, the tally for these, in my opinion, is a clear +25 pip total based upon Nitro guidelines as set. Have the SM Scalper candles on Nitro as well just so as to eliminate the indicator redundancy issue.

Regards.
Roger, thank you for the time!

You are the man..by the way, everyone on here whether bitching or crying with happiness- OWES YOU.

Have a good weekend Edge.
  • #5,702
  • Aug 7, 2009 12:57pm Aug 7, 2009 12:57pm
Quoting tex
Thank you so much for that indi Studbiol !

Now what would be really nice is an alert for that indi, when the bars cross the upper and the lower ma line - perhaps some of our beloved coders here in the thread can do this ?
Hi,

please read my attached posts.

http://www.forexfactory.com/showpost.php?p=2939658&postcount=5696

http://www.forexfactory.com/showpost.php?p=2939680&postcount=5699

If arrows are enough to alert you --> here you are. If you want to have an alert by sound and/or email we should ask SwingMan.

Cheers
If there are pips you can collect - just do it!
  • #5,703
  • Aug 7, 2009 1:10pm Aug 7, 2009 1:10pm
Lessons to take forward to next week.

1. Just trade the set up AND ONLY THE SET UP.
2. Trade and move on, win lose or draw...
3. Keep emotions out of it.
4. Ignore the non-trading comments and posts and just get on with it.


For me as well......
  • #5,704
  • Aug 7, 2009 1:14pm Aug 7, 2009 1:14pm
Quoting Edgetrader
Here is the EU chart I have for today. As of this posting, I see five trade possibilities shown by the verticle lines. It appears to me that each one is about as clean a setup as we could ask for. Also, the tally for these, in my opinion, is a clear +25 pip total based upon Nitro guidelines as set. Have the SM Scalper candles on Nitro as well just so as to eliminate the indicator redundancy issue.
Edge, why did you not choose some of the earlier trade signals on this chart as trade possibilities? I would like to know your reasoning behind this. On your chart I see four more signals, two of which would have been losers, one a winner, and one questionable. I've added my own lines to your screenshot to show which ones I mean.
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  • #5,705
  • Aug 7, 2009 1:21pm Aug 7, 2009 1:21pm
Quoting Syahmi
Lessons to take forward to next week.

1. Just trade the set up AND ONLY THE SET UP.
2. Trade and move on, win lose or draw...
3. Keep emotions out of it.
4. Ignore the non-trading comments and posts and just get on with it.


For me as well......
I agree with those.
If you only trade long, then you can't always be wrong.
  • #5,706
  • Aug 7, 2009 1:24pm Aug 7, 2009 1:24pm
thanks again,but i do need a sound/email alert for the posted indi (barscalper macd) only - i can't stare at the screens all day ( am working to get there though )



Quoting studbiol
Hi,

please read my attached posts.

http://www.forexfactory.com/showpost.php?p=2939658&postcount=5696

http://www.forexfactory.com/showpost.php?p=2939680&postcount=5699

If arrows are enough to alert you --> here you are. If you want to have an alert by sound and/or email we should ask SwingMan.

Cheers
  • #5,707
  • Aug 7, 2009 1:26pm Aug 7, 2009 1:26pm
Well it had been a long and very busy week but I needed to make some extra dough. So my mission was clear this morning, get out of bed 1 hour after news , go blow stuff up and extract my pips, then back to bed mission complete. Seriously folks it took less than 5 minutes!
Timing is everything, the set ups were there at first glance...you know the rest, primer...detonator ...plunger...Kaboom!
The funny thing is I was still naked.
That's why I love Nitro, you really only need the bare essentials.
Edge...you rock!
Have a great weekend...yall come back now!

Q
The Only Constant Is Change!
  • #5,708
  • Aug 7, 2009 1:26pm Aug 7, 2009 1:26pm
i just read in the news a blooming parot came 3rd out of ten a profesional stock invesment competion, im getting one of them first thing monday morning. edge your latest setup looks the best if im may say so. i only made one trade today +5 my eu uj trades are alway so much less painfull, maybe because iv always traded thes two here and ther. only one trade today to buisy reading all the drama A.D.Twee post well i smelt a rotten fish from his first post make 30000000pips a second blah blah blahh.
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  • #5,709
  • Aug 7, 2009 1:31pm Aug 7, 2009 1:31pm
Quoting tex
thanks again,but i do need a sound/email alert for the posted indi (barscalper macd) only - i can't stare at the screens all day ( am working to get there though )

Sorry my fault - didn't loo exaktly. There are all alerts.

Attached Image


Happy weekend to all
If there are pips you can collect - just do it!
  • #5,710
  • Aug 7, 2009 1:37pm Aug 7, 2009 1:37pm
Quoting parky87
Edge, why did you not choose some of the earlier trade signals on this chart as trade possibilities? I would like to know your reasoning behind this. On your chart I see four more signals, two of which would have been losers, one a winner, and one questionable. I've added my own lines to your screenshot to show which ones I mean.
First off, I do not sit around all night looking for trades. That is for you folks to work on.

Secondly, your charts show me no trades taken. Not to hard to isolate signals hours ago.

Third, the pair is not a Nitro pair, so could care less what it actually shows. It is their choice to trade the pair if they choose, not mine.

Fourth, with Nitro, I can trade virtually any time I wish, exhibit some patience and wait on trading setups to come along. Watching four actual Nitro pairs is a sure bet some will present themselves relatively soon.

Last but not least, because I promised yesterday I would focus efforts today on C4 trading at the request of a couple of thread followers.

Btw, and for those C4 individuals, here are a few more +5's after trading times just to reinforce plan setup and implementation.

Regards.
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  • #5,711
  • Aug 7, 2009 1:38pm Aug 7, 2009 1:38pm
Studbiol,

thats not the indicator i was talking about sorry.
I talked about the BarScalper_MACD.ex4 you posted some time ago.

regards.

Quoting studbiol
Sorry my fault - didn't loo exaktly. There are all alerts.

Attachment

Happy weekend to all
  • #5,712
  • Aug 7, 2009 1:45pm Aug 7, 2009 1:45pm
Quoting tex
Studbiol,

thats not the indicator i was talking about sorry.
I talked about the BarScalper_MACD.ex4 you posted some time ago.

regards.

Sorry, I have only the "BarScalper MACD.ex4" and as I said this one is a version originally made by SwingMan. Perhaps you PM SwingMan. I cannot help any further. To download "BarScalper MACD" just go to paperclip.

Regards
If there are pips you can collect - just do it!
  • #5,713
  • Aug 7, 2009 1:51pm Aug 7, 2009 1:51pm
Quoting Edgetrader
First off, I do not sit around all night looking for trades. That is for you folks to work on.

Secondly, your charts show me no trades taken. Not to hard to isolate signals hours ago.

Third, the pair is not a Nitro pair, so could care less what it actually shows. It is their choice to trade the pair if they choose, not mine.

Fourth, with Nitro, I can trade virtually any time I wish, exhibit some patience and wait on trading setups to come along. Watching four actual Nitro pairs is a sure bet some will present themselves relatively soon....
Hi Edgetrader:

I looked on post #1 for the C4 template and didn't see one. Would it be possible for you to post your C4 template, please?
If you only trade long, then you can't always be wrong.
  • #5,714
  • Aug 7, 2009 2:00pm Aug 7, 2009 2:00pm
Quoting Edgetrader
First off, I do not sit around all night looking for trades. That is for you folks to work on.
Regards.
Dear Edge,
Thank you very much for this thread. I have been a hobby trader for a couple of years but with no great success. This is the first system I have seen that I believe has real promise for me. I believe in your momentum and probability premise and getting in and out quickly before the sentiment changes. Great stuff!

Anyway, the main reason for this post is to say that when I look at chart history I can see the set-ups as plain as day. However, when trading I'm always too early or too late or I miss the obvious ones all together (looking back).

I know - practice, practice, practice, right. This is what I'm doing.

So:
In your last post you have not shown the indicators, other than SM candles. How did you determine the entry points on this chart? Are you using DX's indicators for this?

Thanks for your time and kind regards,
John.
  • #5,715
  • Aug 7, 2009 2:17pm Aug 7, 2009 2:17pm
Gotta love Nitro...probably the worst time to trade and against the recent big move! But with the right PA and some momentum...Kaboom!

This is really a high risk trade...I just couldn't help myself...but seriously this is how you get into trouble and bum your whole weekend.

Don't do it unless you are on demo.

I was live and I got away with plus 5...THIS TIME! (hey some new lyrics)

That's it I swear I'm shutting her down now...ok maybe demo.
Q
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The Only Constant Is Change!
  • #5,716
  • Aug 7, 2009 2:32pm Aug 7, 2009 2:32pm
Hi, i just got a renko script from the trading system c4 for poor traders. cld someone help me get it working on the charts? i have saved it to the script file in mt4 and it is in the corner of a chart saying renko but it not showing renko bricks, just normal candles. what am i missing here?
  • #5,717
  • Aug 7, 2009 2:39pm Aug 7, 2009 2:39pm
Sorted it out
  • #5,718
  • Aug 7, 2009 2:46pm Aug 7, 2009 2:46pm
Quoting johny pip
Dear Edge,
Thank you very much for this thread. I have been a hobby trader for a couple of years but with no great success. This is the first system I have seen that I believe has real promise for me. I believe in your momentum and probability premise and getting in and out quickly before the sentiment changes. Great stuff!

Anyway, the main reason for this post is to say that when I look at chart history I can see the set-ups as plain as day. However, when trading I'm always too early or too late or I miss the obvious ones all together (looking...
In trading C4, I see no reason to have anything more than the SM Scalp candles and the DX v.7 meter. One could put a WMA set at 10 maybe just to be able to see PA around a moving average, but I do not think anything else is needed.

Good trade setups are naturally when the PA changes color, and a trader waits for the meter to confirm. Green / long, red / short. Do not even need great timing on the trades, just watch the PA and maybe throw a 25 pip SL if you like.

Am going to post some thoughts regarding C4 and this meter this weekend.

Regards.
  • #5,719
  • Aug 7, 2009 2:50pm Aug 7, 2009 2:50pm
Quoting FrankenPip
Hi Edgetrader:

I looked on post #1 for the C4 template and didn't see one. Would it be possible for you to post your C4 template, please?
No template.

I prefer folks make their own chart setup and them save as their personal template. It seems no two are using exactly the same thing and the plan is not 100% mechanical anyway.

Regards.
  • #5,720
  • Aug 7, 2009 3:07pm Aug 7, 2009 3:07pm
Quoting Edgetrader
No template.

I prefer folks make their own chart setup and them save as their personal template. It seems no two are using exactly the same thing and the plan is not 100% mechanical anyway.

Regards.
Hi Edgetrader:

It would be nice to have a template as a starting point. Thank you.
If you only trade long, then you can't always be wrong.
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