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C4 Scalping

  • #6,021
  • Aug 10, 2009 3:30pm Aug 10, 2009 3:30pm
Quoting DXTrade
Guys

heres the updated version of the DX Meter.
Sorry Edge... work to do to update post #1

-Took off ATR
-Pushed the 3 main indications up
-Marked ADX as optional
-Added x and y shifts so you can place the info literally everywhere on your chart
-Replaced letters by arrows
-You can't choose the actual Trix timeframe anymore (why would you do that) and
-NO, you can not change the font size as this would mess up the design.

That should answer most of my PM's as well
Hope that helps!

Indicator is posted 3 pages later...
Thank you DX for the modifications...
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,022
  • Aug 10, 2009 3:48pm Aug 10, 2009 3:48pm
all pending orders today total one hit-15 and 4 pending
Attached Image (click to enlarge)
Click to Enlarge Name: c.gif Size: 43 KB
  • #6,023
  • Aug 10, 2009 4:19pm Aug 10, 2009 4:19pm
Quoting paulw6182
all pending orders today total one hit-15 and 4 pending
Is this Nitro or C4? I don't think either system uses pending orders. I'm not trying to be rude, but please don't clutter the thread with posts unrelated to either system. It is hard enough to keep up with everything.

On a side note, I just finished reading the whole thread. Edge, thanks for sharing a great system! DXTrade, thanks for all the work you've done, your indicators are great!

CBH
  • #6,024
  • Aug 10, 2009 4:27pm Aug 10, 2009 4:27pm
Hi Edge and traders
For my point of view the system is :
25% mechanical
50% understanding PA
25% mental
The worst thing that can happen is that I take a trade which according to PA I was not supposed to take and finish the trade +5 , thinking I have done the right thing...
I see many persons who post +5 trades and I am not sure if it was not a mistake.You can , some of the time, be wrong and still make +5 .
In this chart I made +5 but that is not the point .
Edge you say , let the trade come to you ... Can u explain that and give an example .
Was my the trade according to the mechanical rules ? probably yes .
I am going to consistlenlty make money if I trade against the trend ? probably not ...
PA tells we are in a downtrend . I get a signal to go Long .
How do you suggest to solve this contradiction ?
How do you define trend ? According to swings ? Trix ?
Many of the trades reported here shows very few candles so you can not learn about the PA , and we see your systmem more like a mechanical one .
If you see that someone is reporting a +5 but YOU wouldn't have taken this trade...I think that we will learn a lot from that .
If possible , I would like to hear some comments regarding some winners ....post 5862, 5906 ,5921
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: counter trend.gif Size: 54 KB
  • #6,025
  • Aug 10, 2009 4:49pm Aug 10, 2009 4:49pm
Edge - is it okay to replace chfjpy and audjpy with pairs with lower spreads? I was about to take a Nitro trade on AY a few minutes ago but the spread was 12 pips. Perhaps I should not let this bother me but it seems a deep hole to climb out of...

Thank you
Old Benjamin was right
  • #6,026
  • Aug 10, 2009 5:03pm Aug 10, 2009 5:03pm
Lou - BE VERY CAREFUL TRADING AT THIS TIME OF DAY. In fact, I would not, but I'm not going to tell you what to do. There is a reason Edge says the specific times he does in his first post. Risking 12 pips to try to make 5 is a terrible idea. The reason Edge says to trade when he does is b/c most likely that is when you will get the best moves with the tightest spreads - both of which are essential to trading success. Trust me - the rest of the time don't be sitting at the computer looking for a set up. Get on with something else, enjoy the day, whatever - b/c this is not optimum time for trading. Better times will come and it's best to wait for them and be ready for them instead of giving money to your broker - which you are essentially doing if you trade at this time of day.

Best wishes.
  • #6,027
  • Aug 10, 2009 5:15pm Aug 10, 2009 5:15pm
Quoting Lou G
Edge - is it okay to replace chfjpy and audjpy with pairs with lower spreads? I was about to take a Nitro trade on AY a few minutes ago but the spread was 12 pips. Perhaps I should not let this bother me but it seems a deep hole to climb out of...

Thank you
Hi Lou G:

Consider time of day and bro_ker.
If you only trade long, then you can't always be wrong.
  • #6,028
  • Aug 10, 2009 5:26pm Aug 10, 2009 5:26pm
Are you realy sure, that there isn't a keylogger on this threat.
Why can't we see the real Code C4?
  • #6,029
  • Aug 10, 2009 5:40pm Aug 10, 2009 5:40pm
Quoting christian
Are you realy sure, that there isn't a keylogger on this threat.
Why can't we see the real Code C4?
OK, I'll be the guinea pig.

What are you talking about?
  • #6,030
  • Aug 10, 2009 5:47pm Aug 10, 2009 5:47pm
...

Still plugging away with C4. Had a couple of -4% 'sessions' today then a +1.86% after something seemed to click, pattern recognition-wise. 3 pairs were trending down on M15, so I only took shorts, and only took those just after the swing highs were turning down.

The one exception was the loser as shown. PA was flat, and on top of that, I took the short at a swing low. For the winning trades, looking at PA on M5 and M15, seeing where price was likely to go , seeing price do just that, and then waiting for the indicators to confirm, seemed to work. Will see how it goes tomorrow.



...

http://www.ukonlinewholesalers.com/i...rex/eurjpy.JPG
  • #6,031
  • Aug 10, 2009 5:52pm Aug 10, 2009 5:52pm
Virenscanning is warning keylogger!
  • #6,032
  • Aug 10, 2009 6:02pm Aug 10, 2009 6:02pm
Must be something in the water round here today. Drink beer instead.
  • #6,033
  • Aug 10, 2009 7:01pm Aug 10, 2009 7:01pm
Quoting Drdavid444
so what is a scalping candle? how do you set it? I looked for an imputs tab on the basic meta 4 tool bar and cant find it..
A scalping candle is just the one you take the scalp (trade) on .. at least as far as I know. What is the context you saw that phrase in?

Quote
Is there a version of the c4 for those of us who are really trying but just dont have all the information yet?

??? C4 is just the name Edge gives to his primary MT4 chart setup. Nitro refers to those who have purchased the renko charting. The C4 setup is clearly explained in post #1 of this thread .. the indicators are there, just put them into your MT4 and make your template. Very simple. Then we watch the price action (PA) on that template during the correct trading hours (7am to noon Eastern time) and gradually we learn to recognize the correct time to enter a trade. It does not take long, but you will need focus during those hours. You'll be watching the 4 recommended pairs.
If you do not know how to install indicators, etc in MT4 just google 'how to install MT4 indicators" There are several places on the Net where they walk you through basic MT4 chart setups. Hope that helps.
******************* I'd rather make money than be right.
  • #6,034
  • Aug 10, 2009 7:03pm Aug 10, 2009 7:03pm
Quoting christian
Virenscanning is warning keylogger!
and the Purple Onion will arrive at midnight... with a recipe for apple pie.
******************* I'd rather make money than be right.
  • #6,035
  • Aug 10, 2009 7:38pm Aug 10, 2009 7:38pm
Quoting 4xStar
Quote:
Originally Posted by christian http://cloud.forexfactory.com/images...s/viewpost.gif (http://www.forexfactory.com/showthread.php?p=2944800#post2944800)
Virenscanning is warning keylogger!

Originally Posted by christian http://cloud.forexfactory.com/images...s/viewpost.gif (http://www.forexfactory.com/showthread.php?p=2944800#post2944800)
Virenscanning is warning keylogger!

and the Purple Onion will arrive at midnight... with a recipe for apple...
christian,
If your virus scanner is warning you that you have a key logging trojan program on your computer then you will need to run your virus scanner and have it remove the offending program. I am sure you did not pick it up on FF unless one of the ex4 files contains one which would be highly improbable. You are probably not practicing safe (Internet) surfing.

I think 4XStar misunderstood your post...or else he's been mixing his purple onions and apple pie.
4XTrader2
  • #6,036
  • Aug 10, 2009 7:58pm Aug 10, 2009 7:58pm
I'm out of this threat. It's too dangerous.
  • #6,037
  • Aug 10, 2009 8:03pm Aug 10, 2009 8:03pm
Quoting 4xtrader2
christian,
If your virus scanner is warning you that you have a key logging trojan program on your computer then you will need to run your virus scanner and have it remove the offending program. I am sure you did not pick it up on FF unless one of the ex4 files contains one which would be highly improbable. You are probably not practicing safe (Internet) surfing.

I think 4XStar misunderstood your post...or else he's been mixing his purple onions and apple pie.
He is a she (really) and I was playing on 2 previous posts, by redhouse and pgpb (who made the apple pie reference) as christian's posts were so cryptic even after redhouse asked for an explanation.

In any case, christian has left the 'threat' and Elvis presumably has left the building .. so all is well in here now.
Everyone can come out from under their desks and resume their stations....
******************* I'd rather make money than be right.
  • #6,038
  • Aug 10, 2009 8:16pm Aug 10, 2009 8:16pm
Here are my C4 trades for this evening. Cant always catch the morning train...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: c4 8-10-09-h.gif Size: 21 KB
  • #6,039
  • Aug 10, 2009 8:23pm Aug 10, 2009 8:23pm
Quoting 4xStar
He is a she (really) and I was playing on 2 previous posts, by redhouse and pgpb (who made the apple pie reference) as christian's posts were so cryptic even after redhouse asked for an explanation.

In any case, christian has left the 'threat' and Elvis presumably has left the building .. so all is well in here now.
Everyone can come out from under their desks and resume their stations....

Humor is so hard to do in print...darn it.
4XTrader2
  • #6,040
  • Aug 10, 2009 8:50pm Aug 10, 2009 8:50pm
Quoting zeno
Here is my C4 template. Note that it includes the TRIX histogram at the bottom which can be redundant since the price bars are actually color coded in exactly the same way (assuming one uses the same TRIX period for both of course). It's just that at this stage i still like to watch the histogram lobes and arrows on the TRIX.

It can be removed very easily so that the chart becomes even cleaner and simpler in appearance.

Regards
Thanks Zeno ! I wanted a copy of your template because it is very clean and I really liked the colors. I was also having a problem with the smC4Scalper Candle indicator, but I have since found the updated v3 version and it works great.

I took my first Live trade today on AU and made a nice quick +10.
Now I'm hooked.
http://i28.tinypic.com/15hmxkg.gif
Attached File(s)
File Type: tpl c4_scalper-black.tpl   68 KB | 691 downloads
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