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C4 Scalping

  • #7,821
  • Aug 24, 2009 10:22pm Aug 24, 2009 10:22pm
People do certain things not just because.. but generally they have a goal in mind. If somebody decides to have aliases and pretend they are somebody else the first question to answer is what motivates them to do this? Is there a plan in the near future to lead people one way and then make the intended offer pretending to be an alias? Always keep this in mind and just trust yourself, no one else especially on a forum. The only person that is going to be true to you ultimately is yourself. So when offers of riches come from X, Y, Z no matter how well intended and genuine they seem.. stand back, reflect and resist those temptations. Instead become good at what you do and tell the snake oil pushers to save it for someone else
If it backtests good run it live!
  • #7,822
  • Aug 24, 2009 10:27pm Aug 24, 2009 10:27pm
Quoting Toledo
I agree. It it not so funny to be a scam victim!
But THINK REAL HARD...
What makes you become a scam victim ?
Well,it is only your brainless greed ! So, no excuses!!!

Regards
Hey Toledo,

There are many reasons people fall for scams they were a few.

If I ever see you post about being scammed be sure, that I will lay smart ass comments into you, we will see how cool you act then.

cheers
  • #7,823
  • Aug 24, 2009 10:32pm Aug 24, 2009 10:32pm
Quoting Slack
Is anyone having problems. My charts work perfectly fine for an hour or 3, but then all of sudden, one them will just stop refreshing. Then another chart will follow suit.

I'm using MT4 IBFX, 4 gigs of RAM, fairly speedy computer and the freebie ver of Renko... or is that the problem Are you guys / girls running only the commercial version?
I assume you run RENKO as a script. Try to run RENKO as EA instead and see if it helps. It helped me.
  • #7,824
  • Aug 24, 2009 10:33pm Aug 24, 2009 10:33pm
Quoting Slack
Is anyone having problems. My charts work perfectly fine for an hour or 3, but then all of sudden, one them will just stop refreshing. Then another chart will follow suit.

I'm using MT4 IBFX, 4 gigs of RAM, fairly speedy computer and the freebie ver of Renko... or is that the problem Are you guys / girls running only the commercial version?
ask Lou about this issue
/ ... clarifying decisions ... /
  • #7,825
  • Aug 24, 2009 10:43pm Aug 24, 2009 10:43pm
Quoting Slack
Is anyone having problems. My charts work perfectly fine for an hour or 3, but then all of sudden, one them will just stop refreshing. Then another chart will follow suit.

I'm using MT4 IBFX, 4 gigs of RAM, fairly speedy computer and the freebie ver of Renko... or is that the problem Are you guys / girls running only the commercial version?
Happens to me from time to time as well I just remove the EA and re attach it. Don't know what causes it I do get a message window saying the chart can't be created and usually get a second chart playing up within a short time too.
  • #7,826
  • Aug 24, 2009 10:52pm Aug 24, 2009 10:52pm
So far EJ+5, EJ+5
  • #7,827
  • Aug 24, 2009 11:05pm Aug 24, 2009 11:05pm
Quoting fxspeedster
Dave,
What happened to the longs before the shorts on the charts displayed? You decided not to take those and if so by what criteria? Those longs apparently if taken would have been losers. Just wondering. Thanks
Hi Fxspeedster.

As I mentioned a little while back in a previous post, I have determined that the best times to trade are those when there is a high expectation of volatility and momentum. I therefore restrict my trading to those times when the dealers in the 4 main exchanges, namely, Tokyo, Frankfurt, London and New York start their business day and decide which way they are going to move the market, depending of course on all those factors which we as laymen are not privy to.

Therefore, I simply wait for their decision and once all 4 pairs start to move in unison then having confirmation from the momentum and Trix I take the trade.

Having made the trade and placed the t/p and SL I wait it out. So far I have been lucky and have not had to address the SL issue but that will no doubt rear it's ugly head.

I have adjusted Edge's +2%/-4% benchmark to +2%/-5%. This means that I need two succesful trades at 5 pips to make my 2%. I must admit I cheat a bit and go for 7 pips as the extra 2 pips builds up a buffer in preparation for the loss which is bound to occur so that overall I hope to realise 2% a day.
  • #7,828
  • Aug 24, 2009 11:42pm Aug 24, 2009 11:42pm
Quoting fxspeedster
People do certain things not just because.. but generally they have a goal in mind....
Quoting fxspeedster
The whole point I think with most traders here is that they want to follow somebody they can believe in. If you can't have faith and trust in the leader.. then it is a lot more difficult to have faith in what you are learning and your desire to succeed. Some will say - well just make it on your own.. all the steps are outlined here and all you have to do is follow them. I don't think anybody in their right mind would make derogatory comments just for the sake of making them.. they just simply need to know who they follow and have trust that's all....
Quoting fxspeedster
Who knows all the arrangements behind the scenes? Maybe the Renko script developer offers a kickback to the Renko promoters (guess who - dont ask!) but I doubt there is enough revenue to justify it. I keep on guessing!! All I can say that its not a coincidence.. people are not motivated by nothing to do certain things..
Quoting fxspeedster
As a warning for the members of the thread:
Please be aware of anybody on this thread or anywhere else for that matter that is pushing any "improvement", EA, monthly subscription or any other service related to C4 or Nitro. Save your money and stick to learning how to trade it properly and in the long run you will achieve your goals.
Quoting fxspeedster
As a small comment think of this:
1. Free is what you pay for.
2. Why is it free? What is the motivation to start a thread and give all this info for free? Is it a well disguised future "marketing plan"? In other words, if you want to continue and have access to Level II info you will need to pay?

Those are good questions to ask yourself.. Remember there is no free lunch and sometimes "free" is what could cost you the most in the long run.

Done with it already. We got the point. Now shut up or Shoo away. I wonder what is holding Edge to banned him.
  • #7,829
  • Aug 25, 2009 12:30am Aug 25, 2009 12:30am
Well that's the kind of info that i want to get!!
thanks D! Keep it comin!!

Quoting DaveW
Hi Fxspeedster.

As I mentioned a little while back in a previous post, I have determined that the best times to trade are those when there is a high expectation of volatility and momentum. I therefore restrict my trading to those times when the dealers in the 4 main exchanges, namely, Tokyo, Frankfurt, London and New York start their business day and decide which way they are going to move the market, depending of course on all those factors which we as laymen are not privy to.

Therefore, I simply wait for their decision and once all 4 pairs...
  • #7,830
  • Aug 25, 2009 1:09am Aug 25, 2009 1:09am
Quoting nmaqba
Done with it already. We got the point. Now shut up or Shoo away. I wonder what is holding Edge to banned him.
Be sure that this thread is under strong observation. As soon as some are banned here, this thread may be closed.

So be careful what you recommend.

Hope that the majority of thread followers are open minded and can make their own decisons about the benefits of scalping and anything else.
/ ... clarifying decisions ... /
  • #7,831
  • Aug 25, 2009 1:32am Aug 25, 2009 1:32am
Quoting nmaqba
Done with it already. We got the point. Now shut up or Shoo away. I wonder what is holding Edge to banned him.
Done with what? Wiping your glasses? Try some detergent.. maybe its still foggy for ya
If it backtests good run it live!
  • #7,832
  • Aug 25, 2009 1:33am Aug 25, 2009 1:33am
Quoting walb99
Be sure that this thread is under strong observation.
That doesn't give all these self proclaimed "Well wishers" the right to disrupt this thread.
  • #7,833
  • Aug 25, 2009 1:33am Aug 25, 2009 1:33am
quick 7 pips
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  • #7,834
  • Aug 25, 2009 1:35am Aug 25, 2009 1:35am
Quoting Slack
Is anyone having problems. My charts work perfectly fine for an hour or 3, but then all of sudden, one them will just stop refreshing. Then another chart will follow suit.

I'm using MT4 IBFX, 4 gigs of RAM, fairly speedy computer and the freebie ver of Renko... or is that the problem Are you guys / girls running only the commercial version?
Slack, I'me using the Freebie version - "renkolivechart posted aug19 6.26pm" with no problems at all run as an ea. Yes, you can't see the current forming candle but with one eyeball on dx's dashboard you shouldn't wander too far away.
  • #7,835
  • Aug 25, 2009 1:39am Aug 25, 2009 1:39am
Quoting DaveW
quick 7 pips
Dave,
Please tell us buddy how you avoid those whipsaws.. you must turn on your computer just at the right time
Very mysterious.
If it backtests good run it live!
  • #7,836
  • Edited 2:13am Aug 25, 2009 1:41am | Edited 2:13am
Quoting fxspeedster
Done with what? Wiping your glasses? Try some detergent.. maybe its still foggy for ya
Then why you are still in the foggyland, Mr. Cleaner. Move on to your wonderland.
I guess you are still waiting to get hands on the more future freebees, meanwhile pointing fingers on author. What an ungrateful soul.
As most of the members said, we don't really care if he KB, or AB or whoever. To this thread has has given a lot in terms of time and knowledge and asked nothing in return, so far. So, mind your own business and probably join Salvation Army to better utilize your time your are wasting post after post, that may actually benefit few people.
  • #7,837
  • Aug 25, 2009 2:09am Aug 25, 2009 2:09am
Nothing exciting here. A standard trade, as taught, I believe.

Dominant trend was down across the board. All four pairs showing a matching short term down trend at the time. PA still moving down.

Minimal indicators and they will be cut down soon.

1 trade, 4 lots, dinner time now, reload after that.

Cheers,

David
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  • #7,838
  • Aug 25, 2009 2:18am Aug 25, 2009 2:18am
Quoting fxspeedster
Dave,
Please tell us buddy how you avoid those whipsaws.. you must turn on your computer just at the right time
Very mysterious.
As you will see from the attached chart we do not have a clear correlated move between the 4 pairs at the London opening yet. Until such time that they move together I would stay out of the trade. Taking the signal from the Trix or DX arrow without the momentum and correlation will lead to whipsawing.

It may be tedious and end up being fruitless occasionally but patience will pay off.

Nothing mysterious about it
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  • #7,839
  • Aug 25, 2009 2:26am Aug 25, 2009 2:26am
OK guys now I'm getting messy with the DX indi.
Which of them are you using what are the values?
  • #7,840
  • Aug 25, 2009 2:29am Aug 25, 2009 2:29am
A little patience. Buy at 135.45 when all 4 lined up and momentum gaining for a quick 7 pips.

Oh ye of little faith
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