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C4 Scalping

  • #7,041
  • Aug 18, 2009 5:48am Aug 18, 2009 5:48am
Quoting aktur
Hi,

I've got the message I'll do a new version ASAP.
Thanks Michal, look forward to it
TTFN Merlyn
  • #7,042
  • Aug 18, 2009 5:53am Aug 18, 2009 5:53am
Quoting rorieu
Pipo

Which broker gives you a FTSE feed please?
WHC
  • #7,043
  • Aug 18, 2009 6:01am Aug 18, 2009 6:01am
good morning everyone,

very interesting fight bettween bulls and bears on the c4 pairs.

the bears are all over GU and it seems there's a lot of bulls captive on the AU and EU that won't be released until the bears are gone!

do you read the same?

BTW: i have a short position on the EU and wait another C4 signal for the AU.
dreams do come true.
  • #7,044
  • Aug 18, 2009 6:13am Aug 18, 2009 6:13am
bulls went out!

just got my first +5
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dreams do come true.
  • #7,045
  • Aug 18, 2009 6:14am Aug 18, 2009 6:14am
Quoting GrZack
Another +10. Everything pointed downward.
CHFJPY also, which moves like a mammoth.
+35 on 5 pairs
-29 on EURJPY
-23 on AUDJPY
--------------
-17 ...

this happens with me each & every day.

btw: I have had a chance to get out with -2 & -8

lession learned ... I'll follow the mammoth movement, not the devil's right & left hand.
  • #7,046
  • Aug 18, 2009 6:16am Aug 18, 2009 6:16am
Quoting rorieu
Pipo

Which broker gives you a FTSE feed please?
Google Moneyrain Metatrader
  • #7,047
  • Aug 18, 2009 6:27am Aug 18, 2009 6:27am
i believe you might have the same problem i have: i am trigger Happy. i can't stay out of the market. i always find a reason to get into almost every signal (i even take some trades out of the C4 signal but those i won't even mention here). i have some good trades but the bad ones sum up to negative growth of the account total. i've had days of 12 traight wins, why do i f**k up the next day?

i believe i have identified my problem and i am fighting it. got an advice from David4u: all we need is 4x5pips, so i can only trade 4 times per day. i will have to choose the very best times. patiently.

and my very best exercise is just staying out of the market. today i managed to stay out for 1 hour and 15 minutes before i got in. this is very good progress for me.

hope that some of this is usefull to you!

good pipping
dreams do come true.
  • #7,048
  • Aug 18, 2009 6:41am Aug 18, 2009 6:41am
Quoting happyhappy
Google Moneyrain Metatrader

Thanks Pipo for your reply.

Thanks Happy . That's a new one for me
  • #7,049
  • Aug 18, 2009 6:45am Aug 18, 2009 6:45am
Had a bad day yesterday, couldn't get the rhythm.
Took 1st trade on U/J with positive results on a short trade..
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  • #7,050
  • Aug 18, 2009 6:45am Aug 18, 2009 6:45am
I had the same problem, until I deleted everything except one pair. Try to concentrate on one pair. It helps.

Quoting GrZack
+35 on 5 pairs
-29 on EURJPY
-23 on AUDJPY
--------------
-17 ...

this happens with me each & every day.

btw: I have had a chance to get out with -2 & -8

lession learned ... I'll follow the mammoth movement, not the devil's right & left hand.
The Road appears under the steps of walking men...
  • #7,051
  • Aug 18, 2009 7:17am Aug 18, 2009 7:17am
Quoting Soondoock
I had the same problem, until I deleted everything except one pair. Try to concentrate on one pair. It helps.
It looks good, but not good... if I delete the three other pair, than how can I view the OVERALL PA progress?

hmm...
  • #7,052
  • Aug 18, 2009 7:28am Aug 18, 2009 7:28am
Quoting wannaberich

i believe i have identified my problem and i am fighting it. got an advice from David4u: all we need is 4x5pips, so i can only trade 4 times per day. i will have to choose the very best times. patiently.

and my very best exercise is just staying out of the market.

very good progress for me.

hope that some of this is usefull to you!

good pipping
Thx Mr.
Hope it helps for me also. I already realized that I can "easily" achieve my +15 or +20 pip every day (two weeks of testing), till 10:00 AM GMT. However my ideology is that several people here are still sleeping, while I'm on FX market. Why should I stay away, when they awake? Usually it is around NY open. Edge & others can trade on that time interval, sometimes I won't be here (because of my job) in the morning, only @ 15:00 GMT. Should I stay away on these days...? --> Nooo, I'll practice & repeat & repeat. If I can collect +20 during London open/session, I should be able to get these pips in NY open/session as well.

ps.: I know, that my current losses are "out of the recommended Nitro" timezone.

Thanks for the comments, great thing to share our observations with each other.
  • #7,053
  • Aug 18, 2009 8:13am Aug 18, 2009 8:13am
Quoting GrZack
+35 on 5 pairs
-29 on EURJPY
-23 on AUDJPY
--------------
-17 ...

this happens with me each & every day.

btw: I have had a chance to get out with -2 & -8

lession learned ... I'll follow the mammoth movement, not the devil's right & left hand.
If you are not trading straight candles and C4 I highly recommend it. At least you trade without blinders on which is a good thing.
If it backtests good run it live!
  • #7,054
  • Aug 18, 2009 8:16am Aug 18, 2009 8:16am
All 4 pairs are in unison. All on a sell trade, missed them all due to running errands....
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  • #7,055
  • Edited 9:09am Aug 18, 2009 8:26am | Edited 9:09am
Dear GrZack
just my 2 c ...
We all have to fight against our self day by day . No exceptions !
May be a tip that can help ...
In your Demo account you should behave and do exactly as in your Live account . Let say your daily target is 4X5= 20 pips .
Once you have achieved your goal , close our Demo account and , if you want/need
Open your Practice account .
It's just a trick , in the mean time , all the time you need to practice .
You and only you , will decide when to stop with the practice account .
Every time you can practice something else...differnt hours , different pairs , different TP , etc
But behave with your Demo as if it was with real dollars .
In your practice account you can do whatever you want (-:
An other point ... try not to think what the other persons are doing .
Who cares ? They don'y think what is GrZack doing right now ...
Focus on yourself . It's the best investment you can do !
LEARN and ......LEARN Yourself
Remember what Edge says ....75%/25%
Hope it will help you .
Regards
David

Quoting GrZack
Thx Mr.
Hope it helps for me also. I already realized that I can "easily" achieve my +15 or +20 pip every day (two weeks of testing), till 10:00 AM GMT. However my ideology is that several people here are still sleeping, while I'm on FX market. Why should I stay away, when they awake? Usually it is around NY open. Edge & others can trade on that time interval, sometimes I won't be here (because of my job) in the morning, only @ 15:00 GMT. Should I stay away on these days...? --> Nooo, I'll practice & repeat & repeat. If I can collect +20 during...
  • #7,056
  • Aug 18, 2009 8:36am Aug 18, 2009 8:36am
.
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  • #7,057
  • Aug 18, 2009 8:42am Aug 18, 2009 8:42am
Couple of trades for this morning ny open.
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  • #7,058
  • Aug 18, 2009 8:56am Aug 18, 2009 8:56am
Quoting david4u
Open your Practice account .

But behave with your Demo as if it was with real dollars .
In your practice account you can do whatever you want (-:

Focus on yourself . It's the best investment you can do !
LEARN and ......LEAR Yourself
Remember what Edge says ....75%/25%

David
Good idea... noted

  • #7,059
  • Aug 18, 2009 8:58am Aug 18, 2009 8:58am
Can someone tell me How to use the "WAIT" signal on the DXTrade dashboard. What is the data that makes it change from sell to wait,etc. I have searched the thread and cannot find a definitive explanation. Thanks Bill
  • #7,060
  • Aug 18, 2009 9:00am Aug 18, 2009 9:00am
Quoting Cherokee
Can someone tell me How to use the "WAIT" signal on the DXTrade dashboard. What is the data that makes it change from sell to wait,etc. I have searched the thread and cannot find a definitive explanation. Thanks Bill
It only says buy/sell after an arrow is confirmed with a closed brick. otherwise it says: Wait! Which means: wait
"The only successful substitute for brains is silence."
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