C4 Scalping | Page 327 | 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

  • #6,521
  • Aug 13, 2009 9:00am Aug 13, 2009 9:00am
Quoting Lou G
I shut down MT4, restarted and checked the EY chart again - still the same. The bar with the arrow still shows the same time and prices...
But... in order to cause what you are seeing I had to shut MT4 down for 15 minutes and restart. Naturally, this will cause sRenko to start from a new price since it goes back 20000 bars in the past when it begins. I have also corresponded with the author and he is contemplating a fix.

In the meantime, just don't shut your platform down during the trading day and you should be okay.
Old Benjamin was right
  • #6,522
  • Aug 13, 2009 9:00am Aug 13, 2009 9:00am
Amazing so far

I dont have time to open trades on all four pairs



Thank you Edge

PS Chirs happy fastday
Attached Image (click to enlarge)
Click to Enlarge Name: lol.gif Size: 83 KB
"Buy on fear, sell on greed !!!
  • #6,523
  • Aug 13, 2009 9:01am Aug 13, 2009 9:01am
Hedge
Can you please analyze my trade in post #6503 .
I would like to know if I made a mistake ...
Tks
David
  • #6,524
  • Aug 13, 2009 9:04am Aug 13, 2009 9:04am
Quoting nsteve
Password = http://www.forex-book.org . You will also need software to extract a ".rar" archive file.

... but seeing as it is freely available I see no reason not to save the thread members the time by attaching the extracted PDF. Leaves you with more time to trade!

Here it is
'A' for effort.

"F' for result.

Almost comical how so many in the FF community immediately look to circumvent conventional wisdom and focus energy on the 'freebie' to be obtained. The man (Douglas) writes a nice read book, puts it out at an affordable price that pays for his efforts and knowledge and some look to engage in soft core theft and get it for nothing.

It is 'my' trading bible and I would prefer a clean copy. Not a file to reference to.
  • #6,525
  • Aug 13, 2009 9:05am Aug 13, 2009 9:05am
Momma said there'd be days like this. Could not get in sync with what I believed to be the major trend and lost modestly. I'll come back again tomorrow...
Old Benjamin was right
  • #6,526
  • Aug 13, 2009 9:12am Aug 13, 2009 9:12am
Do we stop trading now. It is 10:00 AM Eastern standard time ???
  • #6,527
  • Aug 13, 2009 9:14am Aug 13, 2009 9:14am
Quoting david4u
Hedge
Can you please analyze my trade in post #6503 .
I would like to know if I made a mistake ...
Tks
David
Here is my EY chart.

That solo EY chart you have posted shows no long at all that I can see. Why did you go long there?

Match the trade to the time on my chart and let me see that.
Attached Image (click to enlarge)
Click to Enlarge Name: nitro.jpg Size: 96 KB
  • #6,528
  • Aug 13, 2009 9:16am Aug 13, 2009 9:16am
Quoting maxwell-eqtn
Do we stop trading now. It is 10:00 AM Eastern standard time ???
Why?
  • #6,529
  • Aug 13, 2009 9:21am Aug 13, 2009 9:21am
Quoting Lou G
I shut down MT4, restarted and checked the EY chart again - still the same. The bar with the arrow still shows the same time and prices...
Case closed.

Why would anyone shut down their trading terminal in the middle of the session they are trading?

Even a short disconnect would not matter.
  • #6,530
  • Aug 13, 2009 9:21am Aug 13, 2009 9:21am
As per Edge,
I am posting my trades and charts (all 4). Took yesterday off to read Trading in the Zone. Simplified my charts to just the scalper candles and the MA. (OK, I do have the sessions outlined as well).

10 wins, 2 washes, 1 loss.
Problem trades:
1 Loss - Asian session.
1 win - Asian session.
1 wash - had entered three counter-trend trades against my rules (didn't realize it until I took the trades and then checked the major trends). One closed for a profit before I could close it. I closed the other two because I felt I should follow my own advice.
1 wash - for some reason I set the profit stop wrong
1 win - Didn't have time to set the profit stop as price action was too fast and I had to close at +14. (Edge, should I have waited until it dropped back to +5? )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0813Trades.jpg Size: 136 KB
Click to Enlarge Name: 0813TradesCharts.jpg Size: 133 KB
4XTrader2
  • #6,531
  • Aug 13, 2009 9:23am Aug 13, 2009 9:23am
Quoting Chris_B
Done for the day in 3 trades....

Edge...sorry...
it really wasn't my intention to take that +10 and that +7...but today my Updatestops EA doesn't work...i don't know why...
Fortunately my reflexes are still good (despite my 35 years ) and i managed the closes manually...PA was very fast and i took some pips more...
So...in the last trade i have risked the less possible...i needed only 3 pips to be done...took 3 pips and go away...

P.S. My first trade has nothing to do with NITRO, it was just an error i made this morning hitting a hotkey......
Nice work Chris.

Happy Birthday!
  • #6,532
  • Aug 13, 2009 9:23am Aug 13, 2009 9:23am
here is what it looked like when i got in. the trend for the past hour was upward (bottom left to top right )

well it didn't still hit the SL, so...

edit: long on the EU
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 150 KB
dreams do come true.
  • #6,533
  • Aug 13, 2009 9:27am Aug 13, 2009 9:27am
Quoting wannaberich
here is what it looked like when i got in. the trend for the past hour was upward (bottom left to top right )

well it didn't still hit the SL, so...

edit: long on the EU

You take an EU LONG when all three of the companion pairs clearly show a downtrend?
  • #6,534
  • Aug 13, 2009 9:33am Aug 13, 2009 9:33am
Ahhhhhh... nothing like simplicity. And yes, Edge...it was the HARDEST thing I've ever had to embrace.

I've been trading with only DX visual queue as my entry and my own personal exit strat (sorry edge)

The new DX meter is one-stop shopping for me...usually on Nitro I would see the entry, know it was an entry, but still start analyzing my indy's...the a few minutes later I would get in and it was a coin flip if I would be profitable or not.

We'll I've been trading live since 1AM Central Time, and gradually increased my size from 10K up to 100K.

+77 Pips on the day...only one loser for -3.8 pips

In the last 15 minutes I've gone +6, +5 on GJ and (attached) + 20 on EJ

Once again... Ahhhhhhhhhhhhhhhhhh
Attached Image (click to enlarge)
Click to Enlarge Name: HG 006.jpg Size: 86 KB
  • #6,535
  • Aug 13, 2009 9:37am Aug 13, 2009 9:37am
Sir
Our charts look different .
I hope you can take a look at my chart .
I took the trade @ 13:54 (FXDD) you can see an arrow & a vertical line at 13:54.
At that time my analysis said LONG .
In all 4 pairs the 3 indi were green , price above HMA & price moving up .
Thanks
David
Quoting Edgetrader
Here is my EY chart.

That solo EY chart you have posted shows no long at all that I can see. Why did you go long there?

Match the trade to the time on my chart and let me see that.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ bp.gif Size: 125 KB
  • #6,536
  • Aug 13, 2009 9:40am Aug 13, 2009 9:40am
+39 and that's it for today.
Attached Image (click to enlarge)
Click to Enlarge Name: 08-13-09.jpg Size: 158 KB
  • #6,537
  • Aug 13, 2009 9:41am Aug 13, 2009 9:41am
I am seeing some real progress today and a positive outlook again.
Some great trades posted and some basic mistakes as well...but it is on track again.

It is amazing what can be achieved if you focus and trade to win rather than trying to avoid losses
" Never let the past hold the future to ransom "
  • #6,538
  • Aug 13, 2009 9:44am Aug 13, 2009 9:44am
Hi Edgetrader,

yesterday I downloaded a description where you write that ... "Make sure that the three (3) MAIN indicator settings are showing either green (long) or red (short) in color".

Just now in the last version is the advice ... "Make sure it has a least 2 green 'bombs' for a buy and 2 red .....".
This is a extrem important statement for me!
What is correct and what is the reason for this change of opinion?

Second, in the first case of all 3 bombs are green and I enter long but just 1 or 2 ore several seconds after the trigger one bomb is again red then I'm not sure what to do. You write that a change in the Trix color is a sure bet to exit the trade!
Now then I ought to exit the trade! But I can't go permanent enter and exit.

What is to do in such a case? Wait for few seconds after the entry signal to stabilization of this signal?

Have a nice day!
  • #6,539
  • Aug 13, 2009 9:46am Aug 13, 2009 9:46am
Hi Edge,

when i took this long EU i looked at the (let's say) mid-term trend, not short term. i do understand what you said about the other pairs, they were all falling. anyway it seems i got lucky and jumped in early and now the other pairs are going up too.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 117 KB
dreams do come true.
  • #6,540
  • Aug 13, 2009 9:50am Aug 13, 2009 9:50am
Attached Image (click to enlarge)
Click to Enlarge Name: frankenpipchart.gif Size: 21 KB


Hi Edgetrader:

You stress to exit at 5 pips. I understand. The MA line is a teaser because it shows the possibility of making larger wins. The DX meter also teases because it makes one want to ride the momentum wave. Does anyone else feel the same way?
If you only trade long, then you can't always be wrong.
2 traders viewing now