C4 Scalping | Page 315 | 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

  • #6,281
  • Aug 12, 2009 6:41am Aug 12, 2009 6:41am
Hi,

as I note some of you claims that Renko bars repaint. Well, they don't repaint in a meaning of the repainting indicators do. What repainting indicators do is taking the future to improve their past. This is not what happens with Renkos. They can have different starting point and therefore present a different picture. For example, 10 pips Renko boxes can have 10 different patterns at the same time depending on the starting price.

If this is a real problem for people of this thread, I can anchor the starting price of Renkos at some level (the obvious level is 0). Then, for example 10 pips boxes, would always open/close at price with the last digit 0. Please PM me (or write to my shop) if you want this improvement. Depending on the interest I'll decide to invest my time for this change. Of course it will be free of charge.
  • #6,282
  • Aug 12, 2009 6:43am Aug 12, 2009 6:43am
Quoting wannaberich
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.
Whatever additional " filters " you choose to employ, it is important to be consistent.
Trading on a 5M TF, is 15M trend direction enough or sufficient? Is a trendline break OK? I don`t have an answer that is guaranteed to work 100% of the time and I don`t believe there is an answer.
If you decide on a "filter " , you have to be consistent and stick with it. It becomes your " line in the sand " to indicate the trade direction for higher probability trades.

I am still trying to catch up reading all the posts so if something has changed during the past few days....apologies.

I have simply marked on the chart potential entry points using 5M & 15M Trix 3 1 1 1. There are most certainly other " filters " you can use as well that may work even better, as long as you are consistent, in the long run, you will probably get the same results.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Aug. 12 13.26.gif Size: 34 KB
" Never let the past hold the future to ransom "
  • #6,283
  • Aug 12, 2009 6:45am Aug 12, 2009 6:45am
Will you enter GU short?

on second thought maybe i will but i won't on EU?

insights welcomed!

good pipping.
dreams do come true.
  • #6,284
  • Aug 12, 2009 6:49am Aug 12, 2009 6:49am
tried to go with the trend ...LONG
-25
any comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: gy -25.gif Size: 50 KB
  • #6,285
  • Aug 12, 2009 6:49am Aug 12, 2009 6:49am
I'm waiting on the GU to pick a direction myself, staying away from EU short until it proves it wants to head that way

Quoting wannaberich
Will you enter GU short?

on second thought maybe i will but i won't on EU?

insights welcomed!

good pipping.
  • #6,286
  • Aug 12, 2009 6:50am Aug 12, 2009 6:50am
Quoting aktur
Hi,

as I note some of you claims that Renko bars repaint. Well, they don't repaint in a meaning of the repainting indicators do. What repainting indicators do is taking the future to improve their past. This is not what happens with Renkos. They can have different starting point and therefore present a different picture. For example, 10 pips Renko boxes can have 10 different patterns at the same time depending on the starting price.

If this is a real problem for people of this thread, I can anchor the starting price of Renkos at some level (the...
It could be a great idea...but I think that only Edgetrader can tell you if this is useful...he knows renko better than all us folks...
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,287
  • Aug 12, 2009 6:51am Aug 12, 2009 6:51am
Quoting wannaberich
Will you enter GU short?

on second thought maybe i will but i won't on EU?

insights welcomed!

good pipping.
IMO, there doesn't appear to be enough PA on E/U to take a position at this time..
  • #6,288
  • Aug 12, 2009 6:57am Aug 12, 2009 6:57am
Quoting aktur
Hi,

as I note some of you claims that Renko bars repaint. Well, they don't repaint in a meaning of the repainting indicators do. What repainting indicators do is taking the future to improve their past. This is not what happens with Renkos. They can have different starting point and therefore present a different picture. For example, 10 pips Renko boxes can have 10 different patterns at the same time depending on the starting price.

If this is a real problem for people of this thread, I can anchor the starting price of Renkos at some level...
Well, for a starter... I am interested
Thanks a lot in advance if ever you will do it!
"The only successful substitute for brains is silence."
  • #6,289
  • Aug 12, 2009 6:58am Aug 12, 2009 6:58am
another good short on the GU.

now i wait for long on the EU.

after a few days being completely spanked by the enemy today seems to be going well.

staying very focused, entering at the exact time, tp always +5, looking at the trend (this includes studying the recent past), let's see if i can keep up after lunch too.

working well, Edge!
dreams do come true.
  • #6,290
  • Aug 12, 2009 6:58am Aug 12, 2009 6:58am
best system

2 more trades and i am ok for the day.
5winners
Attached Image (click to enlarge)
Click to Enlarge Name: c4 8.gif Size: 74 KB
member
  • #6,291
  • Aug 12, 2009 7:03am Aug 12, 2009 7:03am
Guys help me,i dont know how to setup indi and wich indi i sholud use?

Please post a inidis nad template

I dont know timeframe,someone use 2 minutes,someone 5 minutes....Someone use nitro metters,someone dont...




Thanks in advance
"Buy on fear, sell on greed !!!
  • #6,292
  • Aug 12, 2009 7:11am Aug 12, 2009 7:11am
Quoting david4u
tried to go with the trend ...LONG
-25
any comments ?
I am not on Renko charts so I cannot really comment on the trade you show.

I decided at the start of the LDN session today to take the first trade setups of the day only because of the anticipated uncertainty in the markets today.
Lots of key announcements throughout both LDN and NY sessions with FOMC right at end of active trading.
" Never let the past hold the future to ransom "
  • #6,293
  • Aug 12, 2009 7:13am Aug 12, 2009 7:13am
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 30 KB
  • #6,294
  • Aug 12, 2009 7:17am Aug 12, 2009 7:17am
I am very thankful to Edge who is sharing his method and helping us !
"you probably have not spent any length of time trying the method as it is presented on page 1"
How can you say that ?! Do you know me ? Since I have found this thread I am spending 16 hours a day learning this method !!! I am probably not clever as you ... sorry
"Why not invest your time more wisely and trade the method as is, without any modification"
What modification are you talking about ?
I am just trying to do one thing before jumping to the mechanical part and that is to identify the PA .
Without that I am lost !
I wrote :"Unfortunately for me it's not easy" so it looks to you I am inventing something new , may be a new method ?! Do you really think that I am in this position ?!
May be instead of offending people without knowing anything about them and their efforts to learn ...Can u help me to identify the trend so I will know in what direction to trade ?
Just give me a simple guide to answer to my question regarding the charts that I have post .
I wish you ALL the best for you .
Thanks and regards
David




Quoting ap2009
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...
  • #6,295
  • Aug 12, 2009 7:18am Aug 12, 2009 7:18am
[quote=Petar_Serbia;2948983]Guys help me,i dont know how to setup indi and wich indi i sholud use?

Please post a inidis nad template

I dont know timeframe,someone use 2 minutes,someone 5 minutes....Someone use nitro metters,someone dont...

Petar,

All that you ask is already clearly explained in post#1 which you will find on page#1.

Good Luck,

Jim
  • #6,296
  • Aug 12, 2009 7:25am Aug 12, 2009 7:25am
Quoting david4u
tried to go with the trend ...LONG
-25
any comments ?
Hi David.

My quick answer would be that the problem is staring you in the face at the top rh corner of the screen. SPREAD 9 pips. So in scalping mode you need to jump on the wagon for 14 pips to make your 5 pips. As the JPY crosses tend to move together most of the time the likelyhood is that trading one of the other pairs as recommended by Edge could possibly have been profitable. Losses ares inevitable but although the beast may take you quickly into profit is is just as likely to bite your bum.

Dave W
  • #6,297
  • Aug 12, 2009 7:29am Aug 12, 2009 7:29am
Hey David, i think you when long on a retracement..you probably should of let PA develop some more before you enter.Don't worry it happen to the best of us,just continue to stick to your plan.
-25
any comments ?[/quote]
  • #6,298
  • Aug 12, 2009 7:31am Aug 12, 2009 7:31am
Debated about taking this but did it anyway - could this trend be topping out? Impossible to know, of course, but time to be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 17 KB
Old Benjamin was right
  • #6,299
  • Aug 12, 2009 7:59am Aug 12, 2009 7:59am
Can someone explain something to me please about the original system on page 1? I saw Edge say in a post that the bottom three of the DX5 need to be the same along with the primer and detonator. Does that mean the botttom three for the DX5 is the TrixM15, Trix Current, and ADX Trend? If so, if the ADX is showing flat, is that OK?
  • #6,300
  • Aug 12, 2009 8:13am Aug 12, 2009 8:13am
Quoting Gleneagles
...

I decided at the start of the LDN session today to take the first trade setups of the day only because of the anticipated uncertainty in the markets today.
Lots of key announcements throughout both LDN and NY sessions with FOMC right at end of active trading.
Just got battered to -4% during 12pm and 2pm GMT. Won't be trading on days like these again. First page of FF is bookmarked and will be first port of call each day from now on.

0 traders viewing now