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C4 Scalping

  • #6,341
  • Aug 12, 2009 11:26am Aug 12, 2009 11:26am
Quoting Toledo
4 Wins, 3 SL Losses. Hmmm... A valuable Disaster, I think !
First Lesson for me: If your Ship begins to sink, donŽt pray - Jump !!!
I think, iŽll have to repeat this again and again and again and........

Now I`ll quit, I have to think about the Longhorn in front of my Charts

Regards

Attachment
All loses are countertrend????

Regards.
  • #6,342
  • Aug 12, 2009 11:40am Aug 12, 2009 11:40am
taught a lesson.. tried to take 2 trades on a very short pullback..
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  • #6,343
  • Aug 12, 2009 11:40am Aug 12, 2009 11:40am
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I may be reading the indicator incorrectly but it appears to be late getting on the train. Red line left the station at 1.6540 and the indicator showed me an entry at 1.6540.
If you only trade long, then you can't always be wrong.
  • #6,344
  • Aug 12, 2009 11:49am Aug 12, 2009 11:49am
Quoting ferran586

I do use Trix 6 for confirmation. Trix 3 is in the window and Trix 6 are my candles.



excellent thread.
ferran, thanks for posting. I did not realize I could change the trix settings of my candles!! duh!
That does indeed change the "view" of things. I guess a Trix 6 setting on your candles makes your entries a bit more conservative?
(I am adding you to my buddy list of people that post something of value)

By the way, I find that posts that include charts are much more helpful than posts saying "got +5 on GBP, with nothing more than a "thumbs up"

Posts that just say "got +5 on ___" are just adding nothing of value, IMHO

PGPB
Attached Image
  • #6,345
  • Aug 12, 2009 11:57am Aug 12, 2009 11:57am
Quoting paulw6182
a yes a good dy today +20. im done for the day. iv been reading the tread last night and this morning especialy post 1 am stil a bit lost. is my set up correct. and is c4 disallowed now or we should still post c4 trades here. is my sm super ultra trix pv correct on this chart

Looks good Paul...I think your catching on very well...and yes you are allowed to post c4 trades on this thread. Then keep going over post 1 and the thread...

the Eegle
  • #6,346
  • Aug 12, 2009 11:57am Aug 12, 2009 11:57am
Dear PGBP,

as of tomorrow i will start trading on MT4. currently i only use it to see the signals than go back to my trading platform to make the trades.

anyway i intend to start posting charts tomorrow. i do understand that they are for sure more useful even to me so that others can indicate what i am doing right or wrong.
dreams do come true.
  • #6,347
  • Aug 12, 2009 11:59am Aug 12, 2009 11:59am
I took 2x5 pips,
Whether these trades are OK ?
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"Buy on fear, sell on greed !!!
  • #6,348
  • Aug 12, 2009 12:05pm Aug 12, 2009 12:05pm
Waited for a significant pullback
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  • #6,349
  • Aug 12, 2009 12:09pm Aug 12, 2009 12:09pm
Quoting Petar_Serbia
I took 2x5 pips,
Whether these trades are OK ?
You are trying to trade Nitro on non-Nitro pairs except for EJ and you are not using the recommended settings for Nitro.
Q
The Only Constant Is Change!
  • #6,350
  • Aug 12, 2009 12:10pm Aug 12, 2009 12:10pm
Quoting Petar_Serbia
I took 2x5 pips,
Whether these trades are OK ?

Setups look fine.

Take only trades with the dominant trend to start.

Regards.
  • #6,351
  • Aug 12, 2009 12:11pm Aug 12, 2009 12:11pm
Big news coming in less than 1 hour...careful out there, very unpredictable!
Q
The Only Constant Is Change!
  • #6,352
  • Aug 12, 2009 12:13pm Aug 12, 2009 12:13pm
Quoting Edgetrader
All loses are countertrend????

Regards.
Hello Edge,

YouŽre right If you mean the daily Trend. Shame on me...
But I had a Focus on training my reflexes today. So I just take only the C4 Signals for execution. Candle Color, MA - Plunger ! Learning not to think about and just react is a very strange Lesson for me.
But it will be better every Day !!!

OK, so my next Unit will be: Push the Plunger in the right Direction !

And once again, Edge, thanks a lot for sharing your Setup and for a bit training my mindset ;-)

Highest regards
  • #6,353
  • Aug 12, 2009 12:17pm Aug 12, 2009 12:17pm
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Green line train left the station at 1.6520 but still waiting on the indicator.
If you only trade long, then you can't always be wrong.
  • #6,354
  • Aug 12, 2009 12:17pm Aug 12, 2009 12:17pm
Quoting eegle
Looks good Paul...I think your catching on very well...and yes you are allowed to post c4 trades on this thread. Then keep going over post 1 and the thread...

the Eegle
Thanks for the heads up! confedince is the most important thing for me.
  • #6,355
  • Aug 12, 2009 12:27pm Aug 12, 2009 12:27pm
Great book, (recommended by Edgetrader and for good reason) is on sale at amazon for $30 with free shipping...
Old Benjamin was right
  • #6,356
  • Aug 12, 2009 1:00pm Aug 12, 2009 1:00pm
Gleneagles,

I would please like to know if you are using regular Japanese Candlesticks as opposed to the Heiken Ashi candles.

Thank you
  • #6,357
  • Aug 12, 2009 1:34pm Aug 12, 2009 1:34pm
I have tried to load theDXTrade information C4/Nitro meter with default settings as per Page 1...and this is the result!!

Any help welcome...thanks...freddi
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  • #6,358
  • Aug 12, 2009 1:37pm Aug 12, 2009 1:37pm
Quoting freddi
I have tried to load theDXTrade information C4/Nitro meter with default settings as per Page 1...and this is the result!!

Any help welcome...thanks...freddi
Do you have DX's Trix indicator saved in your indicators folder?
Attached File(s)
File Type: ex4 DXTrix.ex4   5 KB | 601 downloads
  • #6,359
  • Aug 12, 2009 1:38pm Aug 12, 2009 1:38pm
Quoting pgpb
ferran, thanks for posting. I did not realize I could change the trix settings of my candles!! duh!
That does indeed change the "view" of things. I guess a Trix 6 setting on your candles makes your entries a bit more conservative?
(I am adding you to my buddy list of people that post something of value)

PGPB
PGPB,

Yes I like to take a conservative approach. My thought is "Take fewer, higher probability trades." I only enter on the signals that happen at the CLOSE of a candle. What I mean is there are "signals" but for me were not entries. I am talking about the instances where the Trix 3 crosses and is confirmed by the Trix 6 and PA is on the right side of the HMA but the HMA closed as the opposite color. If you want an example, look at my EURJPY chart on my previous post. You will notice the last "signal" I did not enter. This is because the HMA was still yellow when it closed. It did change color on the OPEN of the next candle but that is not an entry (at least not for me) as it can "repaint" back to yellow during that candle. The way I look at it (and I could be wrong), is if the HMA has already changed, it shows that the PA is a little stronger.

I may miss some good trades but I also miss some bad ones. As Edge says "Less is More".

Eric
  • #6,360
  • Aug 12, 2009 1:44pm Aug 12, 2009 1:44pm
Sorry Edge,

donŽt follow your Rules exactly, but this Party without me ???

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