C4 Scalping | Page 314 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Scalping PIPs? 5 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Scalping 100 pips?! 3 replies

Attachments: C4 Scalping
Exit Attachments

C4 Scalping

  • #6,261
  • Aug 12, 2009 4:55am Aug 12, 2009 4:55am
Everything is on page 1.

Quoting Petar_Serbia
I read theard but i dont undestand C4 well ...

Can someone post all indi and template....I would like to try C4....


Thanks in advance,

Cheers
Read the entire thread BEFORE you ask questions!
  • #6,262
  • Aug 12, 2009 5:00am Aug 12, 2009 5:00am
Quoting FXEZ
Is that a 2.5 TP or 2 TP 5 Stop? Thx
TP: 2.5
SL: 30
  • #6,263
  • Aug 12, 2009 5:07am Aug 12, 2009 5:07am
Quoting luckylady
I've decided not to post any more of my trades as it detracts from Edge's system of taking +5 each trade, which I don't like doing if I can get more from it....
It is important to trade within your comfort zone. It is YOUR money and YOUR time after all that you are investing in the market. It is a choice that you have to make and review at times.

Scalping is one of many trading methods. You have to be comfortable with the methodology, as well as the pros and cons ( like any trading system)

Good luck with the trading ( scalping, long term, short term, whatever..)
" Never let the past hold the future to ransom "
  • #6,264
  • Aug 12, 2009 5:13am Aug 12, 2009 5:13am
"you do not need to be proficient in identifying S/R, placing pivot points or working with Gann Fans or Fibonacci retracements"
"Anything that is moving from top left toward bottom right on your chart is a DOWNTREND"
"Anything that is moving from bottom left toward upper right on your chart is a UPTREND"
Edge
Unfortunately for me it's not so easy ...
I can come to two different options watching the same chart ...
1. we broke some down trend and may be we have a reversal and can start looking for Long setups ...
2. On the second one , maybe the price just have retraced 61% and will continue the Down trend
Any suggestions how to solve this kind of situations...
I think one should choose his assumption and wait till indicators confirm that ..
Tks
David
Attached Image(s) (click to enlarge)
Click to Enlarge Name: long.gif Size: 50 KB
Click to Enlarge Name: long or short.gif Size: 48 KB
  • #6,265
  • Aug 12, 2009 5:13am Aug 12, 2009 5:13am
Finally...geeze!
  • #6,266
  • Aug 12, 2009 5:13am Aug 12, 2009 5:13am
Quoting Toledo
Hi all,
not so bad for the first time, but.... I think, I have to work hard on it to make it happen every Day ! Edge, thanks a lot for presenting this nice Setup

Attachment
Hi Toledo,
Hho is your broker that gives you those tight spreads?

Regards
  • #6,267
  • Aug 12, 2009 5:18am Aug 12, 2009 5:18am
I assume after we broke down trends we can look for Long Setups
+5
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd gy +5.gif Size: 48 KB
  • #6,268
  • Aug 12, 2009 5:23am Aug 12, 2009 5:23am
Quoting ianf0ster
Hi,
They don't on my charts - there is a big difference depending upon which are up bricks and which are down bricks.
Time is just a human invention. Take a day for example, the price when my day starts is different to that when your day starts.
Renko does have limitations, but so does any Timeframe greater than 1Hr.

Ian
Ian, I'm not sure exactly what you mean but the time frame does not matter. What matters for digital filters is that samples are taken at regular intervals. i.e. the close price of each bar. Renko does not provide information at regular intervals only when the price has moved by a particular amount.

Quoting ianf0ster
Hi,
No indicator ever gives more information than price itself. (Or Price and Volume for non-FX). All the best indicators do is package that information into something that is more easily undertood/recognised, though at the penalty of introducing a delay.

Ian
While this is true indicators (digital filters) can extract information that we, as humans, cannot. Think of a noisy sound recording, using filters we can isolate say a church bell that simply could not be heard by us before. If we converted this sound recording into Renko it would be impossible to extract the bell because of the lack of regular sampling.


Quoting FXEZ
Good Post. As some others have pointed out, Nitro is primarily a momentum strategy.
...
I will take issue with one point. I see no reason why sampling based on time is more "valid" than sampling based on price movement. The average in both cases will simply follow the price series and give us a lagging approximation of where price has been. In the case of Renko, this data is pre-smoothed into equal sized bricks. Yes time is missing from Renko, but you could argue that Renko's innate smoothing is an advantage over time series data by focusing...
I simply stated that once the regular sampling of date is removed, as in the case of Renko, the indicators that we use (digital filters) cannot show us any useful information that is not already obvious by inspection of the bricks themselves.

I do not wish to dwell on this subject, I have stated my piece. Like I said I have thought deeply about this, both on the use of Renko and on whether I should post something about it.

The fact remains that Renko is a powerful tool for traders.

Look at the price action and scalp your pips.

Highest regards,
John.
  • #6,269
  • Aug 12, 2009 5:41am Aug 12, 2009 5:41am
Quoting luckylady
I've decided not to post any more of my trades as it detracts from Edge's system of taking +5 each trade, which I don't like doing if I can get more from it....
Lucky Lady,
Sorry to see you go

Take care,
John.
  • #6,270
  • Aug 12, 2009 5:42am Aug 12, 2009 5:42am
Quoting david4u
"you do not need to be proficient in identifying S/R, placing pivot points or working with Gann Fans or Fibonacci retracements"
"Anything that is moving from top left toward bottom right on your chart is a DOWNTREND"
"Anything that is moving from bottom left toward upper right on your chart is a UPTREND"
Edge
Unfortunately for me it's not so easy ...
I can come to two different options watching the same chart ...
1. we broke some down trend and may be we have a reversal and can start looking for Long setups...
Renko and scalper candles help us in finding the direction of the trend...watch my chart...yesterday it was almost red (short)...today is almost green (long) and long trends (green) are longer than red trends (short) so for now...i'm searching for long setups..
Attached Image (click to enlarge)
Click to Enlarge Name: trend.gif Size: 18 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,271
  • Aug 12, 2009 5:58am Aug 12, 2009 5:58am
Hi David4u,

like you i still have a lot of problems identifying good entry points (signals) from the bad ones and trend is in fact a major worry for me. what i will (try to) do from now on is, in case of doubt, don't go into the market. i have been accumulating a lot of losses and this is becoming a little bit frustrating to me.

anyway about the image you sent usually what i do is look at 4H chart to find channels. many time those upward movements you describe are still within a downtrend channel.

just my imho.

good pipping.
dreams do come true.
  • #6,272
  • Aug 12, 2009 6:00am Aug 12, 2009 6:00am
3 trades with success without Renko charts.
thanks edge
Attached Image (click to enlarge)
Click to Enlarge Name: c4 7.gif Size: 72 KB
member
  • #6,273
  • Edited 6:33am Aug 12, 2009 6:02am | Edited 6:33am
Quoting rgontar
Hi Toledo,
Hho is your broker that gives you those tight spreads?

Regards
Hi rgontor,

Itīs FXPRO since a few Days.

Regards
  • #6,274
  • Aug 12, 2009 6:06am Aug 12, 2009 6:06am
David,

you can see the AU testing this downwards trend on the 30M chart.

just to share with you how i see the market right now:

AU would sell on trix if it doesn't break the channel before
GU seems to mix to for me. won't trade it in the next minutes for sure.
EU and EJ would buy if signal comes.
dreams do come true.
  • #6,275
  • Aug 12, 2009 6:16am Aug 12, 2009 6:16am
Hi,
i am using gann grid and looking good in all pairs.

http://www.forexfactory.com/t/171202/ggg-gann-grid-group-trading-1.html

Good Luck
  • #6,276
  • Aug 12, 2009 6:23am Aug 12, 2009 6:23am
Quoting pilotui
Finally...geeze!

Now you are singing my song! lol
How do you make a small fortune in Forex? Start with a large one!
  • #6,277
  • Edited 6:31am Aug 12, 2009 6:24am | Edited 6:31am
David4u,

Edge has kindly provided us a relatively simple way of scalping together with a refined set of tools to confirm price action across several pairs.

S/R, pivot points, Fib, etc are not part of that toolset and Edge's method presented here. Therefore your option 2 doesn't exist.

My suggestion is to forget these additional tools not because they're not useful, but because you probably have not spent any length of time trying the method as it is presented on page 1.

Now, if you believe their addition and use will further benefit the method detailed on page 1, Edge has already mentioned on numerous occasions for those interested in other indicators to do the work and demonstrate how their results are superior to what we have.

Therefore one way is for you to do the work and satisfy yourself that S/R, pivots, Fib, etc are useful additions before asking others. Have you done the work?

Why not invest your time more wisely and trade the method as is, without any modification, before believing that your additions will make this method 'better'?


Quoting david4u
"you do not need to be proficient in identifying S/R, placing pivot points or working with Gann Fans or Fibonacci retracements"
"Anything that is moving from top left toward bottom right on your chart is a DOWNTREND"
"Anything that is moving from bottom left toward upper right on your chart is a UPTREND"
Edge
Unfortunately for me it's not so easy ...
I can come to two different options watching the same chart ...
1. we broke some down trend and may be we have a reversal and can start looking for Long setups...
  • #6,278
  • Aug 12, 2009 6:36am Aug 12, 2009 6:36am
Although I feel better going long, took 5 pips short.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 31 KB
  • #6,279
  • Aug 12, 2009 6:38am Aug 12, 2009 6:38am
just got the +5 pips on the short AU.
dreams do come true.
  • #6,280
  • Aug 12, 2009 6:41am Aug 12, 2009 6:41am
Me too +5 short AUD
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Aug. 12 04.37.jpg Size: 78 KB
2 traders viewing now