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C4 Scalping

  • #5,861
  • Aug 9, 2009 6:13pm Aug 9, 2009 6:13pm
Up 21.3 on Nitro. Not bad for Sunday. Total computer dork here, how do I post chart??

Thanks Edge
Mombone
  • #5,862
  • Aug 9, 2009 6:31pm Aug 9, 2009 6:31pm
First +5 of the week...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,863
  • Aug 9, 2009 6:33pm Aug 9, 2009 6:33pm
Quoting Edgetrader
I personally blame no one for being cautious or skeptical.

What I despise is the welfare baby attitude of constantly wanting everything handed to them for nothing. How hard is it to backtest PA crossing a MA with a conformational indi in support? The trading times have been provided to test for optimum results. But no, that does not suffice. Gimme more. I want proof. You paid for nothing, so you should expect nothing.

If you want proof, go get it! Do the modicum of work needed to prove or discredit the plan on your own. You are NOT being asked...


100% and a bit more agree...
Si les cons volaient, il ferait toujours nuit...
  • #5,864
  • Aug 9, 2009 6:39pm Aug 9, 2009 6:39pm
Quoting Edgetrader
Changed how?

Still have PA crossing a MA (whether Hull or LWMA as either has to change color to signal the movement) and is confirmed by a trix. The only addition is a basic meter telling you a 15m TF trix direction addition to assist the conservative traders to stay with trend if apparent.

How much backtesting has been completed by anybody else here on their own accord? Not much, that is why most are just demo trading the plan for now to see how it works for them. If I show 10,000 trades in backtesting, will this convince everyone of plan viability?...
Hi Edgetrader:

I understand the basics have not changed, but if you make any changes doesn't that mean you would have to rerun the test to see if the changes had a positive or negative effect? I hope you understand I am not trying challenge you, I just want to learn.
If you only trade long, then you can't always be wrong.
  • #5,865
  • Aug 9, 2009 6:40pm Aug 9, 2009 6:40pm
Quoting Mombone
Up 21.3 on Nitro. Not bad for Sunday. Total computer dork here, how do I post chart??

Thanks Edge
Mombone
Right click on the chart and save it as a gif. file.

You can the attach it to a osting by using the 'attachments' on the top of the posting area beside the 'smilie' face.

Regards.
  • #5,866
  • Aug 9, 2009 6:50pm Aug 9, 2009 6:50pm
Quoting FrankenPip
Hi Edgetrader:

I understand the basics have not changed, but if you make any changes doesn't that mean you would have to rerun the test to see if the changes had a positive or negative effect? I hope you understand I am not trying challenge you, I just want to learn.
Do not see why. You still have PA crossing a MA with a trix confirmation. Each individual has to set it as they wish. We have already discussed aggressive v. conservative trading and the various settings used for such in the plan.

Regardless of what others say, everyone will curve fit their favorite indi to the plan. I am curious how many +5's need to be posted in the thread before people learn to break of that mind numbing mechanical thought process most have.

The plan is not dependent on a crummy indicator. It is PA based and one will have to learn to trade what they see PA developing into. An indicator is simply a confirmation tool most use to provide positive reinforcement of their PA directional hypothesis. All this plan does is provide a trader the opportunity to exploit historical PA tendancy. You are simply trying to exploid those tendancies by trying to capture a few pips on a modest move. It WILL cross the MA sooner or later and USUALLY travel a certain distance before reversing. Market oscillates far more than it trends.

Regards.
  • #5,867
  • Aug 9, 2009 7:02pm Aug 9, 2009 7:02pm
Here is a simple mind exercise that helps a trader train their mind to watch PA as opposed to indicators.

Take ALL indicators off your charts with the exception of the SM Scalper candle.

Now, simply sit there for a session and trade the turns one after another as you deem prudent. You will easily recognize a trend by looking at a big picture of a pair. Trade a trend setup ONLY! This provides a bit of an 'edge'.

Do this with either C4 candlestick setups or Nitro Renko setups.

Be diligent and honest. NEVER go for more than +5. Train your mind or you will become a victim of your mind and the illusions it projects. Many see what is not there when focused on indicators.

THEY ARE CONFIRMATIONAL TOLLS ONLY!!!!!!!!!!!!!!!!!!!!!!

Regards.
  • #5,868
  • Aug 9, 2009 7:04pm Aug 9, 2009 7:04pm
Quoting Edgetrader
Here is a simple mind exercise that helps a trader train their mind to watch PA as opposed to indicators.

Take ALL indicators off your charts with the exception of the SM Scalper candle.

Now, simply sit there for a session and trade the turns one after another as you deem prudent. You will easily recognize a trend by looking at a big picture of a pair. Trade a trend setup ONLY! This provides a bit of an 'edge'.

Do this with either C4 candlestick setups or Nitro Renko setups.

Be diligent and honest. NEVER go for more than +5. Train your mind...
Sounds very intriguing and interesting...will try it!
4XTrader2
  • #5,869
  • Aug 9, 2009 7:04pm Aug 9, 2009 7:04pm
A little shot on C4 after hour...just to not lose the vice...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,870
  • Aug 9, 2009 7:13pm Aug 9, 2009 7:13pm
Quoting Chris_B
A little shot on C4 after hour...just to not lose the vice...
It is only as hard as one makes it.

Great charts Chris, appreciate the efforts the last week or two.

The plan does not matter. They are both high strike rate in design.

How often can you hit +2% and stop, reset and try again?

Training is arduous and boring. However, it is a necessary evil.

Regards.
Attached Image
  • #5,871
  • Aug 9, 2009 7:20pm Aug 9, 2009 7:20pm
Quoting Edgetrader
It is only as hard as one makes it.

Great charts Chris, appreciate the efforts the last week or two.

The plan does not matter. They are both high strike rate in design.

How often can you hit +2% and stop, reset and try again?

Training is arduous and boring. However, it is a necessary evil.

Regards.
Yess sir!!
As sooner as i understand how i can reset my demo account every day...i will do...
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,872
  • Aug 9, 2009 7:22pm Aug 9, 2009 7:22pm
Quoting Chris_B
Yess sir!!
As sooner as i understand how i can reset my demo account every day...i will do...
file, open account and then create a new account. Demo will reset to such and you start again.

Regards.
  • #5,873
  • Aug 9, 2009 7:23pm Aug 9, 2009 7:23pm
Quoting Chris_B
Yess sir!!
As sooner as i understand how i can reset my demo account every day...i will do...
Was wondering how to do that myself.

MT4 help and google let me down.
  • #5,874
  • Aug 9, 2009 7:24pm Aug 9, 2009 7:24pm
Quoting Edgetrader
file, open account and then create a new account. Demo will reset to such and you start again.

Regards.
aaahhhh...so simple

Thanks....and good night for now...time to sleep here...

Hasta manana!!
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,875
  • Aug 9, 2009 7:32pm Aug 9, 2009 7:32pm
Quoting Chris_B
aaahhhh...so simple

Thanks....and good night for now...time to sleep here...

Hasta manana!!
Yeah, will call it a night myself.

Need the rest to gear up for the insanity to ensue tomorrow.

Regards All.
  • #5,876
  • Aug 9, 2009 7:43pm Aug 9, 2009 7:43pm
Nice easy 3 x +5 Tokyo breakfast time
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  • #5,877
  • Aug 9, 2009 7:54pm Aug 9, 2009 7:54pm
fellas i dont understand the meaning of c4 scalping, i have been on forex factory and i do notice this thread, i can see there are great traders here. please someone explain to me the meaning of this,regards
  • #5,878
  • Aug 9, 2009 7:54pm Aug 9, 2009 7:54pm
Edge,

You may not believe it, but I agree with most of what you say. Anyone wanting to take shortcuts is doomed in this business.

It's your thread, handle it how you choose. I should have just kept my opinions to myself.

But let me say this, I would be very surprised if there is anyone here seeking to disprove the methods. Rather, hope, fear, and greed have most seeking to prove it right!

I sincerely mean it when I say thanks for donating your time to enlighten those of us who choose to take your wisdom and try to make it work for ourselves. Perhaps you, personally, have other motives for starting the thread, but in the end if it makes me a better trader, I couldn't care less why you have chosen to share!

In the future I will limit my comments to the methods and results.

Sorry to have contributed to the off-topic banter.
  • #5,879
  • Aug 9, 2009 7:58pm Aug 9, 2009 7:58pm
Quoting dozzz71
fellas i dont understand the meaning of c4 scalping, i have been on forex factory and i do notice this thread, i can see there are great traders here. please someone explain to me the meaning of this,regards
Suggest you go to 1st page, read, learn and practice , it is what I have done and many other Edge students.
  • #5,880
  • Aug 9, 2009 8:42pm Aug 9, 2009 8:42pm
Took my 5 pips on AUD/USD.
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