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Attachments: C4 Scalping
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C4 Scalping

  • #7,841
  • Aug 25, 2009 2:32am Aug 25, 2009 2:32am
15 mins later
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  • #7,842
  • Aug 25, 2009 2:39am Aug 25, 2009 2:39am
Quoting nmaqba
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...
Take this to the bank buddy. I am busy placing a lot of trades instead of brown nosing. Hmm.. it smells already. Sorry I could not fit all the trades on the screenshot all the trades I've done manually with C4 basic.. just PA based on price (no Renko blindfold just basic PA candles) - nothing else.
FYI.. I have not accused anybody, as a matter of fact I posted my comments to make the members of the forum wary of being taken advantage of. If you are on the other side of the fence.. well.. sorry I awake you.
Good luck trading!
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If it backtests good run it live!
  • #7,843
  • Aug 25, 2009 2:45am Aug 25, 2009 2:45am
Quoting fxspeedster
Take this to the bank buddy. I am busy placing a lot of trades instead of brown nosing. Hmm.. it smells already.!

funny http://www.forexfactory.com/images/icons/icon10.gif
  • #7,844
  • Aug 25, 2009 3:04am Aug 25, 2009 3:04am
Quoting fxspeedster
Take this to the bank buddy.
Excellent results. I keep switching between nitro and the basic C4. The one thing I would say in favor of C4 is that it is easier to get out of a losing trade with minimum loss. It has a better exit strategy than nitro. What do ya think.
  • #7,845
  • Aug 25, 2009 3:16am Aug 25, 2009 3:16am
Cool!
2 +5 pips in 5 minutes: UY + CY

All the duckies in a row: indicators + correlations

Now won't be greedy and back to sleep (5 am here)
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  • #7,846
  • Aug 25, 2009 6:17am Aug 25, 2009 6:17am
Quoting fxspeedster
Take this to the bank buddy.
...

Good luck trading!
Very impressive set of trades with C4. Are you trading a 5 minute or one minute chart? I also see you are trading non-C4 pairs. How are you determining price action is sufficient? I am really interested how you are hitting this success rate.
Thanks,
4XTrader2
  • #7,847
  • Aug 25, 2009 6:31am Aug 25, 2009 6:31am
Quoting nmaqba
Then why you are still in the foggyland, Mr. Cleaner. Move on to your wonderland.
.....
Will you guys stop quoting his posts? He's on my ignore list so the only way I see his drivel is when someone else quotes it...
******************* I'd rather make money than be right.
  • #7,848
  • Aug 25, 2009 6:55am Aug 25, 2009 6:55am
Quoting 4xtrader2
Very impressive set of trades with C4. Are you trading a 5 minute or one minute chart? I also see you are trading non-C4 pairs. How are you determining price action is sufficient? I am really interested how you are hitting this success rate.
Thanks,
Hello,
You can follow my trades by simply putting up a chart with the pair that I trade and see how I enter and exit. In this instance I traded M1 but I prefer M5. The traded pair is not important.. you can trade Gold or Silver or CFDs and you will achieve the same result.
Basically I look for the candle to change color (i.e. PA leaves the station). Once it left, I enter. In other words for a buy if the high of the prev bar is exceeded I go long. Vice versa for a short. Then if the +5 is achieved fine - I make the TP. If not if the PA reverses I go the other way. Very basic. I wish I could make it more complex with all kind of indicators, Renko, Kagi, CRB bars etc. but I cannot.. price is dictating my trading at its most basic level and I feel I can enter (and exit) at its earliest.
Trust me if I can do it.. anybody can. Try it and I am sure you will enjoy the action and results

Good luck!
If it backtests good run it live!
  • #7,849
  • Aug 25, 2009 7:11am Aug 25, 2009 7:11am
Quoting fxspeedster
Hello,
You can follow my trades by simply putting up a chart with the pair that I trade and see how I enter and exit. In this instance I traded M1 but I prefer M5. The traded pair is not important.. you can trade Gold or Silver or CFDs and you will achieve the same result.
Basically I look for the candle to change color (i.e. PA leaves the station). Once it left, I enter. In other words for a buy if the high of the prev bar is exceeded I go long. Vice versa for a short. Then if the +5 is achieved fine - I make the TP. If not if the PA reverses...

Sir,

I do not see any of your charts ???
  • #7,850
  • Aug 25, 2009 7:15am Aug 25, 2009 7:15am
Quoting fxspeedster
Hello,
You can follow my trades by simply putting up a chart with the pair that I trade and see how I enter and exit....
Fxspeedster,

Your trades look good just following PA (are you using scalper candles for the colour change?). However, how come your trades don't show any spread costs . If you've found a broker with NO spread costs PLEASEEE let us all into the secret!

Keep up the pip taking

Nick
  • #7,851
  • Aug 25, 2009 7:33am Aug 25, 2009 7:33am
Quoting fxspeedster
Hello,
You can follow my trades by simply putting up a chart with the pair that I trade and see how I enter and exit. In this instance I traded M1 but I prefer M5. The traded pair is not important.. you can trade Gold or Silver or CFDs and you will achieve the same result.
Basically I look for the candle to change color (i.e. PA leaves the station). Once it left, I enter. In other words for a buy if the high of the prev bar is exceeded I go long. Vice versa for a short. Then if the +5 is achieved fine - I make the TP. If not if the PA reverses...
Very good description of your methodology. I have become a lover of price action and am doing everything to follow it. I have been taking off signal trades when I see price action justifies it but I try to stick with signals. I am using Renko Bars and have actually had more success with them. I also am using correlation between pairs as a validation to the price action/direction. Thank you for your input and perspective.
4XTrader2
  • #7,852
  • Aug 25, 2009 7:39am Aug 25, 2009 7:39am
Quoting Nick'em
Fxspeedster,

Your trades look good just following PA (are you using scalper candles for the colour change?). However, how come your trades don't show any spread costs . If you've found a broker with NO spread costs PLEASEEE let us all into the secret!

Keep up the pip taking

Nick
Yes I use the SM_Candle_3.1 indicator for the color change. My broker is SparenFX which uses JCStone datafeed. There is a spread.. always! But since this is a ECN broker the spreads are lower than other non-ECN brokers. Of course lower spread equal more profit in your pocket and your TP achieved faster. I think Alpari UK now offers ECN and I still have to try them out. They are one of my favorite brokers along with IBFX.

Please ask me anything I can help you with but remember trading price directly is your best bet. You must learn to click your mouse fast if you want to keep up with it.. but every click is worth something!

Good luck to all my friends here.
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If it backtests good run it live!
  • #7,853
  • Aug 25, 2009 7:43am Aug 25, 2009 7:43am
Quoting fxspeedster
Yes I use the SM_Candle_3.1 indicator for the color change. My broker is SparenFX which uses JCStone datafeed. There is a spread.. always! But since this is a ECN broker the spreads are lower than other non-ECN brokers. Of course lower spread equal more profit in your pocket and your TP achieved faster. I think Alpari UK now offers ECN and I still have to try them out. They are one of my favorite brokers along with IBFX.

Please ask me anything I can help you with but remember trading price directly is your best bet. You must learn to click your...
So are you using Tony's two candle system. If the candle is green you go long and if the candle is red you go short?
  • #7,854
  • Aug 25, 2009 7:46am Aug 25, 2009 7:46am
Quoting Nick'em
However, how come your trades don't show any spread costs...
The statement looks normal to me. As an example, if it shows price entry at 1.4500 (ask price) and TP is at 1.4505 then he has made 5 pips. But when he pressed the buy button his bid price would have shown 1.4498 if the spread was 2 pips.

If you want to see the ask price on your chart, right click on your chart, go to properties, then common tab and tick the box saying, "show ask line"
  • #7,855
  • Aug 25, 2009 7:46am Aug 25, 2009 7:46am
Quoting 4xtrader2
Very good description of your methodology. I have become a lover of price action and am doing everything to follow it. I have been taking off signal trades when I see price action justifies it but I try to stick with signals. I am using Renko Bars and have actually had more success with them. I also am using correlation between pairs as a validation to the price action/direction. Thank you for your input and perspective.
Hello,
If Renko works for you then by all means use it. My experience with it is that it delays my signals. You can't see the train (PA) leaving the station with Renko right away. So IMHO the entries are delayed. Also you can't see the reversals fast and you stay in trades too long. But don't let me convince you otherwise. If it works for you, bank it up. I just wanted to share my experience with it.

Best trading.
If it backtests good run it live!
  • #7,856
  • Aug 25, 2009 7:51am Aug 25, 2009 7:51am
Quoting maxwell-eqtn
So are you using Tony's two candle system. If the candle is green you go long and if the candle is red you go short?
No I use Edge's C4 basic concept as posted on page #1 but without any indicators. Very basic stuff and childish I must say, but since the price is acted upon fast I think this gives an advantage. I wish I could make it more fancy for you all, but believe me - if I can do it, anybody can and don't let anybody else convince you otherwise. You have what it takes right now to do this consistently. Give it a shot

Good luck
If it backtests good run it live!
  • #7,857
  • Aug 25, 2009 8:26am Aug 25, 2009 8:26am
Quoting Edgetrader
As with that posting I think it time you 'transition' over to Franknpips thread as that is so close to his trading plan and so far away from what I am promoting as to be confusing to many here.

I asked that everyone stick to the base methodology here so as to keep uniformity intact. This, imo, is nothing more than a different plan being promoted.

Thanks for all your input and commentary. If not interested in Franknpip site this may be a good thread subject for you to start.

I am sure you would have quite a bit of interest in your methodology...
I think you are the only one who wants uniformity, all the others are here to learn. That's a huge difference in motivation following this thread.
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/ ... clarifying decisions ... /
  • #7,858
  • Aug 25, 2009 8:32am Aug 25, 2009 8:32am
trades for today
+5 ej 4lots
+2 aj 4lots

mostly watching PA and pair correlation for entries
AJ started bouncing around a little so I pulled the plug at +2 even though everything else was still indicating up. it would have given me the +5.

Have faith in the trading plan and what it is telling you.

However, I will pull the plug in a second at b/e or better if it looks like it might retrace. Hate to turn a winning trade into a loser.

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  • #7,859
  • Aug 25, 2009 8:33am Aug 25, 2009 8:33am
Quoting Edgetrader
As with that posting I think it time you 'transition' over to Franknpips thread as that is so close to his trading plan and so far away from what I am promoting as to be confusing to many here.

I asked that everyone stick to the base methodology here so as to keep uniformity intact. This, imo, is nothing more than a different plan being promoted.

Thanks for all your input and commentary. If not interested in Franknpip site this may be a good thread subject for you to start.

I am sure you would have quite a bit of interest in your methodology...
I think there is a problem wanting uniformity when the "system" changes very often. C4 basic was fine when this thread started, which by the way was an offshoot from Paulus' thread, we were taking 10 pips + and doing ok. Then it went to C4 v2 where we were only supposed to go for 5 pips, then something completely and utterly different....Nitro which uses Renko, and this thread is not even 2 months old, so maybe the "base methodology " will not be the same next week?
  • #7,860
  • Aug 25, 2009 8:38am Aug 25, 2009 8:38am
DXTrade please:
By all means keep posting your indis!!


Quoting DXTrade
Well, the next time I will take off my cloud from the chart. Was just too lazy to do that before taking a screenshot. Just don't look at it
The settings I offered where just a way to filter trend directions as with the said settings it takes a 53 MA into account.
But don't worry guys... won't bother you with these anymore.

For my next indi I will try to make a correlation dashboard... and the rest I will keep for me. Don't want to get accused of diverting the thread.

Already I'm posting less and less here as most things are said and done.
It's...
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