C4 Scalping

Well, i've spent the past 2 weeks reading this thread from the beginning and I finally got caught up!

One thing that strikes me about this method and the R:R question that keeps popping up is the comparison to the way a casino runs. I hate to make a gambling comparison, but those Mega-Casinos in Vegas make Hundreds of millions in little chunks time after time. Who cares about the occasional jackpot they have to pay out! They know they have a high probability of winning over the long haul by taking money from people a little bit at a time. They base their business on pure probability theory over time, not on each pull of the handle, which sometimes can result in huge losses (jackpots paid out) for the casino. They still make a mint over time by consistent application of their business plan!

Man...I'm 2 hours away from pulling an all-nighter.

Got to take nap before work but once again...

THANK YOU DX!!!!!!!!!

-20 so far
morning guys! two minutes away from edges next 'focus time' (focus time now open) i made some trades in the first focus time i didnt do it well i was gready to sell the gu in up trend and consolid, and i made a mistake when i bought ej didnt notice the lwma wasnt green yet so i closed it -5 gave away yesterdays gains.

Had spare time today and was curious to see how the Nitro pairs would look on the C4 layout.

Wow!! Check out the nice correlation (which was expected as they're all JPY based) during what is the slow period (non-trading time for C4) between Asian close/London open and NY open. Notice the C4 pairs were all over the place but Nitro pairs all in sync.

I can see why Edge says the Nitro pairs are good anytime.

Anyway, I don't have Renko so it's back to C4 for me :-)

Morning Everyone,

as i said yesterday i am new to trading the mt4 platform (i used a portuguese broker platform until now, just used the c4 signals from the MT4). i am having some trouble with it. is there someone i can PM that can help me?

(basically i made my first buy and it doesn't appear on the chart nor can i set SL and TP. i know it's really basic. )

i must have opened a demo account but i don't even know where

do you use skype, if so perhaps I can help

Just set SL and TP

SL can't be smaller than 20 pips?!?!?!

anyway still would need some help on managing my open orders, account, etc. can't find anything related to the account...

sorry Deano, but i don't.

can i pm you?

[quote=45Fxguy;2950871]http://articles.mql4.com/635
Check this out...

thanks, the timelimit is really good input

open your terminal icon, located 6 from left

.

Deano,

it seems i just opened an ODL account!

Is it you that has PM inactive or am i just being dum

thanks Deano and sorry everyone for this interruption.

try again, had PM turned off, tried sending PM to you, appears you have yours turned off

Caught the breakout of the TL. Resulting PA gave 5 pip reward,

Can somebody tell me how put “MA in Color_wAppliedPrice-LWMA” to “smTrix” window, RSVP

4 announcements at 1.30pm GMT today. 3 code red. Should be fun. Details on the FF home page.

I tried something tonight (Oz time) that I felt was a compromise bewteen my habit of swing trading and Edge's 'less is more' philosophy. Using an EA to manage the trades, I set the TP at 5 pips for 75% of the trade and let the other 25% run with a 5 pip trailing stop with a max TP of 20 pips on the last bit. Both the attached trades went way against me but the trend was favourable so I stayed with them and they both came back and performed exactly as planned.

A standard set of trades today although items were open a reasonably long time compared to other days.

Not exactly hit-and-run.


Cheers,

David

OOPS - sorry only 1 of te 4 charts on the screen posted. Trying again to get the 4 as a group. Of course while I am playing with this osting, som lovely PA has nowpassed me by!!