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C4 Scalping

  • #6,541
  • Aug 13, 2009 9:51am Aug 13, 2009 9:51am
Quoting biz0101
Still it's always good advice to try and avoid losses if possible, so keep that in mind

Agree, the problem some traders face is that they concentrate so much on avoiding losses that they forget to win
" Never let the past hold the future to ransom "
  • #6,542
  • Aug 13, 2009 9:57am Aug 13, 2009 9:57am
Quoting david4u
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
I guess the data feeds are different.

Here is what I see at that time.

Perhaps open a demo account with IBFX so we can at least look at the same thing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: c4.jpg Size: 163 KB
Click to Enlarge Name: nitro.jpg Size: 109 KB
  • #6,543
  • Aug 13, 2009 9:59am Aug 13, 2009 9:59am
Quoting FrankenPip
Attachment

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?
Am not going to go there.

If anyone else feels like swing trading then leave now.

Plenty of threads to do that in.
  • #6,544
  • Aug 13, 2009 10:07am Aug 13, 2009 10:07am
Quoting FrankenPip
Attachment

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?
I trade more than one trading system because trading for me is a business..not a hobby or a computer game.
I keep the risk profiles and trading methods miles apart because they both fit into my investment/trading plan.
You can either be a pimp or a prostitute..but most definitely not both at the same time.
" Never let the past hold the future to ransom "
  • #6,545
  • Aug 13, 2009 10:09am Aug 13, 2009 10:09am
Quoting DocPMD
So far today:

Nitro Trades:

USDJPY +6 (price moved an extra pip before I had a chance to exit)

C4 Trades:

EURUSD +5 +5

I'm too tired to trade any more. Will try to get another 5 pips in the NY Session after a nap.

Sorry, no charts to post.
Just got my last 5 pips

C4 Trade:

AUDUSD +5

Five consecutive trading days where +20 has been met
  • #6,546
  • Edited 10:33am Aug 13, 2009 10:18am | Edited 10:33am
Quoting DocPMD
Just got my last 5 pips

C4 Trade:

AUDUSD +5

Five consecutive trading days where +20 has been met
Smart trading!

If you don`t mind me asking......
When was the last time you achieved 5 consecutive winning days of 20 pips each ..or more?
" Never let the past hold the future to ransom "
  • #6,547
  • Aug 13, 2009 10:19am Aug 13, 2009 10:19am
Four correlated pairs, one (1) trade on each, daily target hit and DONE.

Very smooth PA to work with as would be expected with Nitro.

What is the malfunction?

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: nitro.jpg Size: 153 KB
  • #6,548
  • Aug 13, 2009 10:21am Aug 13, 2009 10:21am
Quoting Gleneagles
Smart trading!

If you don`t mind me asking......
When was the last time you achieved a 5 consecutive winning days of 20 pips each ..or more?
LOL - it's been a while!
  • #6,549
  • Aug 13, 2009 10:22am Aug 13, 2009 10:22am
Quoting Edgetrader
Four correlated pairs, one (1) trade on each, daily target hit and DONE.

Very smooth PA to work with as would be expected with Nitro.

What is the malfunction?

Regards.
Are you trying to start another thread battle - two of those trades show +10?! What's up with that?
  • #6,550
  • Aug 13, 2009 10:22am Aug 13, 2009 10:22am
Quoting Edgetrader
Four correlated pairs, one (1) trade on each, daily target hit and DONE.

Very smooth PA to work with as would be expected with Nitro.

What is the malfunction?

Regards.
Since the Yen is the quote currency in all 4 pairs, doesn't that make them "correlated" by definition?
If you only trade long, then you can't always be wrong.
  • #6,551
  • Aug 13, 2009 10:23am Aug 13, 2009 10:23am
There are at least six (6) occassions since U.S. open where all pair were in sync and you could have made 20-30 pips, hit goal, reset platform and done it again.

How many did this?

How many tried?

How many are focused on other things?

Regards.
Attached Image
  • #6,552
  • Aug 13, 2009 10:25am Aug 13, 2009 10:25am
Quoting DocPMD
Are you trying to start another thread battle - two of those trades show +10?! What's up with that?
I saw that too but decided not to say anything to Edgetrader about it since I just got a tongue lashing over my observations of being teased to staying in for more pips. Maybe Edgetrader was too slow pushing the plunger?
If you only trade long, then you can't always be wrong.
  • #6,553
  • Aug 13, 2009 10:25am Aug 13, 2009 10:25am
Quoting Edgetrader
When is C4 designed to be traded?
Sure, C4 is "designed" for London/NY overlap. These trades are in the Asian/London overlap time suggested as a possible alternative in Post 1 and traded by others here.

I can't trade London/NY overlap so would have to go Nitro. Either way for now I'm happy to practice pushing the plunger and observing PA and the 4 pair correlation on C4.

Any other ideas welcome. If none, I'll just accept that this happens sometimes - probability trading.

thanks again.
  • #6,554
  • Aug 13, 2009 10:25am Aug 13, 2009 10:25am
Hi,

Today 14 winners, 2 losers. One loser could have been avoided if I would have waited a bit longer.

Regards.

Attached Image (click to enlarge)
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  • #6,555
  • Aug 13, 2009 10:26am Aug 13, 2009 10:26am
Guys,

great results here
Just one question: How can you decide to jump in a short trade (for example) after a great LONG run? (or vica versa)
Method: NITRO

Thank you for reading my post.

Regards,

GrZack
  • #6,556
  • Aug 13, 2009 10:26am Aug 13, 2009 10:26am
Quoting FrankenPip
Since the Yen is the quote currency in all 4 pairs, doesn't that make them "correlated" by definition?
By both definition and PA.
  • #6,557
  • Aug 13, 2009 10:29am Aug 13, 2009 10:29am
Quoting GrZack
Guys,

great results here
Just one question: How can you decide to jump in a short trade (for example) after a great LONG run? (or vica versa)
Method: NITRO

Thank you for reading my post.

Regards,

GrZack
When starting out you take EVERY signal to gain proficiency in recognition.

Next, you take ONLY THOSE SIGNALS with a dominant trend.

As you get better, you apply discretion and some honed intuition based on the big picture PA staring you in the face.

Repetition. Do it over and over and over again.
  • #6,558
  • Aug 13, 2009 10:30am Aug 13, 2009 10:30am
7 trades.

2 losses (both pulled early when there was no follow through).

5 wins.

Still finding i'm getting in a little early. Didn't like the overall price action up till the 8:30 news reports but afterwards felt my patience and self-control was better this session.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.13.08.09 pm chart.jpg Size: 194 KB
  • #6,559
  • Aug 13, 2009 10:31am Aug 13, 2009 10:31am
Quoting saylu
Sure, C4 is "designed" for London/NY overlap. These trades are in the Asian/London overlap time suggested as a possible alternative in Post 1 and traded by others here.

I can't trade London/NY overlap so would have to go Nitro. Either way for now I'm happy to practice pushing the plunger and observing PA and the 4 pair correlation on C4.

Any other ideas welcome. If none, I'll just accept that this happens sometimes - probability trading.

thanks again.
Problem eliminated.

Improvise, adapt and overcome scenario.
  • #6,560
  • Aug 13, 2009 10:34am Aug 13, 2009 10:34am
Happy Birthday! May today's trades be the worse trades you ever have!


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......
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