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C4 Scalping

  • #6,301
  • Aug 12, 2009 6:16am Aug 12, 2009 6:16am
Quoting f4mnect
Me too +5 short AUD
Can you tell me where to get your DX indicator? Mine does not look anythinh like yours. I think that is the one Edge is talking about. Thanks.
  • #6,302
  • Aug 12, 2009 6:16am Aug 12, 2009 6:16am
Win some, lose some, hopefully will get back my loss
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  • #6,303
  • Aug 12, 2009 6:41am Aug 12, 2009 6:41am
another 5 long on the AU (trix came sooner than the EU so i got in).

looks to me the AU/EU will be climbing.

still need another +5 x 6 just to make up the mess i made early in the morning!
dreams do come true.
  • #6,304
  • Aug 12, 2009 6:42am Aug 12, 2009 6:42am
Quoting E-Money
Can you tell me where to get your DX indicator? Mine does not look anythinh like yours. I think that is the one Edge is talking about. Thanks.
Hey Money...just click on the paperclip at the top on right and his indicator is there.....DX Trade C4 nitro (2)

Eegle (greg d)
  • #6,305
  • Aug 12, 2009 6:46am Aug 12, 2009 6:46am
first +5s for the day
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  • #6,306
  • Aug 12, 2009 6:47am Aug 12, 2009 6:47am
Someone posted here yesterday suggesting that momentum is unnecessary because it always turns in sync with trix - it certainly didn't in this case.
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Old Benjamin was right
  • #6,307
  • Aug 12, 2009 6:51am Aug 12, 2009 6:51am
Quoting Chris_B
1. I don't want to spend all my day watching my pc and markets
2. This is a work, a business, not a hobby or an amusement moment, so i want to work as less as possible
3. I need ONLY 4 (not 6,10 or 20)...ONLY 4 good signals every day...and every signal can give me 5 pips...for a total of 20 pips a day
4. This plan doesn't admit errors...the signals i choose have to be the most reliable as possible
5. NITRO is a plan that is suitable 24/6 but the best session to trade remains London/Ny...the price moves fast and trends well
6. First...
8 trades...only longs today
7 wins
1 loss

I broke only one rule "8. Don't be hurry and wait for very good signals" and this got me -23 loss
Then i backed up on my right way...i was waiting from some hours the break of the resistence...
PA is always right...
break of resistance...momentum up, all TRIX up.... and...BOOOOOOMMMM done for the day in 5 minutes...
STOP FOR TODAY!!!!!
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Market is like a puzzle, YOU have to fit the pieces!!
  • #6,308
  • Aug 12, 2009 6:52am Aug 12, 2009 6:52am
.
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  • #6,309
  • Aug 12, 2009 6:56am Aug 12, 2009 6:56am
after this good climb would you enter a retracement?

maybe it's just my eagerness to be in the market that is questioning...

maybe it's just wiser to let the retracement finish and enter again on the upward move...
dreams do come true.
  • #6,310
  • Aug 12, 2009 7:05am Aug 12, 2009 7:05am
Quoting wannaberich
after this good climb would you enter a retracement?

maybe it's just my eagerness to be in the market that is questioning...

maybe it's just wiser to let the retracement finish and enter again on the upward move...
The plan by Edge says take 5 pips, works for me, however hindsight says, I left some extra pips on the table..

A short may be possible " if all the stars line up"

GLTA
  • #6,311
  • Aug 12, 2009 7:09am Aug 12, 2009 7:09am
Quoting wannaberich
after this good climb would you enter a retracement?

maybe it's just my eagerness to be in the market that is questioning...

maybe it's just wiser to let the retracement finish and enter again on the upward move...
shorts are dangerous today...today is UP
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,312
  • Aug 12, 2009 7:10am Aug 12, 2009 7:10am
Quoting eegle
Hey Money...just click on the paperclip at the top on right and his indicator is there.....DX Trade C4 nitro (2)

Eegle (greg d)
Thank you.
  • #6,313
  • Aug 12, 2009 7:13am Aug 12, 2009 7:13am
I've been following the plan suggested by the author of Trading In The Zone (book strongly recommended by Edgetrader). Pick one trading instrument (in my case, EY) and take every signal for 20 consecutive trades as an exercise to "get your mind right". So far I've gone 9 for 9 and I'm actually learning something. Per Edgetrader, I've been trading only with the trend.

This is great stuff - now I need to control the euphoria...
Old Benjamin was right
  • #6,314
  • Aug 12, 2009 7:17am Aug 12, 2009 7:17am
Quoting DaveW
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
Hi David, here are my thoughts to your Q . The price was attempting to go back north a couple of bars before and was rejected. Then it looks (in hind sight) that it was consolidating. I do trade other methods and I know that price does react to levels like previous day highs and lows,pivots, daily average, round numbers I could go on. What we don't know is how price is going to react when it gets there. Reaction will be because that is where the orders are stacked. Some are selling some are buying and some just talking profits. But trading for 5pips it shouldn't normally concern us to much because as price often gets pushed back and forth more than 5 pips before a direction is decided. I think after we had a two days sell off then a retracement back up to the previous day low where big traders had their line in the sand and it pushed the price back down. The previous day low GMT was at 157.80 and yes a spread of 9 didn't help either.
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  • #6,315
  • Aug 12, 2009 7:20am Aug 12, 2009 7:20am
i am sticking exactly to edge's plan. just using my discretion to take (or not) a signal. what i meant was: even if all stars line up, will i go in? that's the question i ask my self and, since i am at it, all of you too
dreams do come true.
  • #6,316
  • Aug 12, 2009 7:30am Aug 12, 2009 7:30am
Hi DX-Trader,

here a little question about DXC4Renko.

Pic 1 shows a chart of Lou G, postet 45 minutes ago:

Attached Image


Pic 2 shows a chart of mine:

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On pic 1 you can see a great distance between the arrow an the bricks, on pic 2 the arrows are very near to the bricks. How can I manage to get a little more distance - I couldn't find a posibility in the settings

Thank you.

BTW: +20 Pips
If there are pips you can collect - just do it!
  • #6,317
  • Aug 12, 2009 7:38am Aug 12, 2009 7:38am
"Only" 2 times +5 on EJ today and one +5 on UJ.
Was too busy to trade more

Can live with that!
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"The only successful substitute for brains is silence."
  • #6,318
  • Aug 12, 2009 7:42am Aug 12, 2009 7:42am
Quoting studbiol
Hi DX-Trader,

here a little question about DXC4Renko.

Pic 1 shows a chart of Lou G, postet 45 minutes ago:

Attachment

Pic 2 shows a chart of mine:

Attachment

On pic 1 you can see a great distance between the arrow an the bricks, on pic 2 the arrows are very near to the bricks. How can I manage to get a little more distance - I couldn't find a posibility in the settings

Thank you.

BTW: +20 Pips
The arrow of Lou is manually inserted. Not from an indicator.
"The only successful substitute for brains is silence."
  • #6,319
  • Aug 12, 2009 7:44am Aug 12, 2009 7:44am
Quoting david4u
tried to go with the trend ...LONG
-25
any comments ?
David, please put all four Nitro pairs up and mark the same block on the others as you did on GY. What was the OVERALL market telling a trader at that time. GY is not a leader, it simply moves quickly. Has 2x the volatility of other pairs.

Show a big picture when you get a chance.

Regards.
  • #6,320
  • Aug 12, 2009 7:46am Aug 12, 2009 7:46am
Just for those wandering i didn't take the short on the EU but will take the long as soon as "stars line up".
dreams do come true.
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