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C4 Scalping

  • #6,681
  • Aug 14, 2009 10:29am Aug 14, 2009 10:29am
and just got my crumbs.

while i wrote this also got my crumbs on the EU.

just got another signal from GU. waiting to gather the crumbs here.
dreams do come true.
  • #6,682
  • Aug 14, 2009 10:34am Aug 14, 2009 10:34am
Today i did it like the 'Vengaboys'

Great day, great week. Daily target ( 25pips ) bagged and done..

Now enjoy this (refrain suits this system very well) :

http://www.youtube.com/watch?v=yUmZTR56v-E&feature=related

Have a great weekend all !

tex.
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  • #6,683
  • Aug 14, 2009 10:34am Aug 14, 2009 10:34am
Stick with PA strength and big picture.

Shorts for +5 not all that difficuly.

AU did not signal but was actually leading this move.

Part of the group, and a good opportunity to get a virtual free +5 by just taking the group as a whole based upon the overall market PA.

Regards.
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  • #6,684
  • Aug 14, 2009 10:35am Aug 14, 2009 10:35am
Quoting wannaberich
Would you take a buy signal on EU or GU if it comes?

thanks
NO NO NO
  • #6,685
  • Aug 14, 2009 10:37am Aug 14, 2009 10:37am
just got my crumbs.

i just want to have another 5 to finish my week on a slightly better mood.

(jumped into the GU not after the signal but on the signal)

i really need to solve my eagerness to get in the market. anyone knows a patience god i can pray to?
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dreams do come true.
  • #6,686
  • Aug 14, 2009 10:40am Aug 14, 2009 10:40am
Quoting tex
Today i did it like the 'Vengaboys'

Great day, great week. Daily target ( 25pips ) bagged and done..

Now enjoy this (refrain suits this system very well) :

http://www.youtube.com/watch?v=yUmZTR56v-E&feature=related

Have a great weekend all !

tex.
Good to hear you had a good week.

Turning a corner maybe?

Interesting video. Boom! Boom! Boom! Boom!

Regards.
  • #6,687
  • Aug 14, 2009 10:41am Aug 14, 2009 10:41am
Quoting wannaberich
just got my crumbs.

i just want to have another 5 to finish my week on a slightly better mood.

(jumped into the GU not after the signal but on the signal)

i really need to solve my eagerness to get in the market. anyone knows a patience god i can pray to?
And on a SLOW Friday no less.

Nice.
  • #6,688
  • Aug 14, 2009 10:50am Aug 14, 2009 10:50am
We will see in the future weeks. Made some serious progress in C4.
Lookin at Nitro too, but it seems i can get in a trade with C4 a nonce earlier. Don't know exactly why though..perhaps its the wicks of the bars


Quoting Edgetrader
Good to hear you had a good week.

Turning a corner maybe?

Interesting video. Boom! Boom! Boom! Boom!

Regards.
  • #6,689
  • Aug 14, 2009 11:03am Aug 14, 2009 11:03am
Just found out what my image is going to be:

Garden skinks rely purely on the movement of their prey when hunting. If their prey is not moving, they will not see it as edible and will not strike. When hunting, the skinks will either hide and wait for prey to come by or actively pursue it (this depends on how hungry they are)
dreams do come true.
  • #6,690
  • Aug 14, 2009 11:04am Aug 14, 2009 11:04am
Quoting FrankenPip
Hi 45Fxguy:

Your charts shows what I am confused about. C4 had the M15 Trix as part of the equation - primer, charge and detonator. Is it still a part of this?
I've been following the thread from the very beginning all 400 plus pages now.
If you follow what Edge has posted on page 1 you should be fine, I just have two different DXtrade indis on my charts, since I'm from the old C4 school I still like to see what the 15 min trix etc is doing too. It's up to you what you like to use as filters etc... Guess I'm from the conservative camp of traders, as I'd rather risk higher lot sizes on the most probable trades, to get to the +2-3% asap, but as I said on your thread I'm still mostly forward testing in demo for now. As I gain more & more confidence in C4/Nitro etc, I'll start trading it live.
  • #6,691
  • Aug 14, 2009 11:07am Aug 14, 2009 11:07am
[quote=tex;2956203]Today i did it like the 'Vengaboys'


Now enjoy this (refrain suits this system very well) :

Great video but no good as background music for trading.
I will take each signal without a stop when watching it.


Smart trading.

Have a great weekend.
" Never let the past hold the future to ransom "
  • #6,692
  • Aug 14, 2009 11:07am Aug 14, 2009 11:07am
Quoting pilotui
On the "One Brick Burn-job"

Seriously...Each time I was with the trend waited for the Signal Brick to close then entered...but each time I closed it out because a new signal Closed in the opposite direction.

??
This is why we need to monitor the BIG picture (4 pairs at the same time). I also had K.O. (-60) for this reason... (went long, while two others showed downtrend).

After that experience, I started to trade only on ONE pair, but only when the other three showed the "way".
  • #6,693
  • Aug 14, 2009 11:09am Aug 14, 2009 11:09am
-15 i have to pase myself on monday
thanks DXTrade for the dashboard and have a good weekend everybody.
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  • #6,694
  • Aug 14, 2009 11:09am Aug 14, 2009 11:09am
Quoting Edgetrader
Is a trade manager ea that scales out a trade at preset levels.

Great for penny and dime accounts but will be interested to see how one does with standard lots.

5 lots traded on a trade for +10 pips

1 lot at +2 = $20
1 lot at +4 = $40
1 lot at +6 = $60
1 lot at +8 = $80
1 lot at +10 = $100

Total net = $300

SL at -20 with 5 lots = $1000

You had better have some real FAITH in your trading plan and even more Faith in your money source.

Regards.
Am going to expand on this posting a bit I think.

Am aware of 'SusanD's trade manager ea communication previously and am not adverse to scaling out a position for more profit based upon the same move.

However, you need to use caution as you do indeed need to have complete faith in your trading plan and your capabilities.

That said, she is quite correct in that you can indeed garnish more bang on a trade, if you are disciplined.

Lets see how that little plan would look at a +5 level (C4 and Nitro) as opposed to Susan's +10 level.

5 mini lots ($1 per pip) traded on a trade for +5 pips

1 lot at +1 = $1
1 lot at +2 = $2
1 lot at +3 = $3
1 lot at +4 = $4
1 lot at +5 = $5

Total net = $15

SL at -20 (??) with 5 mini lots = $100

Would obviously have a lousy R/R but we already have that anyway.

Would take a good hard look at EU ONLY with this as you could manage the trade much tighter that a -20 level. Less cost factor really plays into this also.

I would suggest that a trader really check the backtest and forward test really in depth as you better have a strike rate you can live with on a pair traded.

Looks great on paper as the philosophy behind this is sound, IF YOU HAVE THAT ELUSIVE TOTAL FAITH IN THE TRADING PLAN AND PROBABILITY THEOREM TRADING!!!!!!!!!!!!!

Regards.
  • #6,695
  • Aug 14, 2009 11:22am Aug 14, 2009 11:22am
the market's flattening??
dreams do come true.
  • #6,696
  • Aug 14, 2009 11:23am Aug 14, 2009 11:23am
Quoting Edgetrader
Am going to expand on this posting a bit I think.


Looks great on paper as the philosophy behind this is sound, IF YOU HAVE THAT ELUSIVE TOTAL FAITH IN THE TRADING PLAN AND PROBABILITY THEOREM TRADING!!!!!!!!!!!!!

Regards.
You are right about that.
If you win, it works great but you have to maintain a consistently high strike rate to stay in positive territory.

I would wait until I have build a track record that are consistent and that can sustain this before even attempting this.

Regards.
" Never let the past hold the future to ransom "
  • #6,697
  • Aug 14, 2009 11:23am Aug 14, 2009 11:23am
The BIG picture turned slightly north AS ONE!

A few pips available. Advantage Nitro on this trade as C4 has not yet shown this clearly.

Regards.
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  • #6,698
  • Aug 14, 2009 11:24am Aug 14, 2009 11:24am
Edge,

If you were confident that you were going to reach you +5 target, wouldn't you just leave the 5 mini lots to TP for $25 instead of $15? Scaling profit when your target is only 5 pips doesn't quite make sense to me. Why would YOU do it?

Eric
  • #6,699
  • Aug 14, 2009 11:26am Aug 14, 2009 11:26am
Quoting Gleneagles
You are right about that.
If you win, it works great but you have to maintain a consistently high strike rate to stay in positive territory.

I would wait until I have build a track record that are consistent and that can sustain this before even attempting this.

Regards.
That is a BIG 'if'.

I can trade pretty well most days at the +5 level and I personally would NEVER do this.

Regards.
  • #6,700
  • Aug 14, 2009 11:29am Aug 14, 2009 11:29am
leaving to get them , Sir!
dreams do come true.
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