C4 Scalping | Page 396 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

scalping strategy 31 replies

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

Scalping PIPs? 5 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Scalping 100 pips?! 3 replies

Attachments: C4 Scalping
Exit Attachments

C4 Scalping

  • #7,901
  • Aug 25, 2009 1:22pm Aug 25, 2009 1:22pm
Quoting Edgetrader
As mentioned earlier, it is a personal choice as to when to go live.

However, keep it under control as you will lose a trade. However, if traded correctly as you and several others are, it is obvious that you will not lose too many and will be able to string together several days of solid efforts consistently. Four days at +2% and 1 day at -4% would sill net out a pretty good deal in the long term.

Regards.
Edge,

You did say it was personal however did not want to speed up the progression of the team effort any. Am happy with my own trading to take the risk at this time.

I do understand there will be a loss at some point however as you say 2% a day affords 1 loss a week with a very good account increase with compounding over not too long a period.

I have to admit that the last bit of the puzzle i was not overly happy with was the Risk/Reward and was still anxious over the whole -30 for +5 that some others have commented on. However I believe the system (for me) is at a place where the % of winning trades vs the losing is somewhere i can live with, Happily

looking forward to the next step but as commented on before, other than removing all but one indi's cant see what else there is

Thanks
  • #7,902
  • Aug 25, 2009 1:23pm Aug 25, 2009 1:23pm
Hi all,

grrr, again one of these 26h Days... coming home, have a quick coffee and reanimate my little IBM for training C4 (during off hours)!
Not so bad... First trades are standart (PA, MA, correlation and Mom), but then
I see / feel (canīt explain exactly...) a very strong PA dynamic and took a second chance entering 3 Pairs again.

Attached Image (click to enlarge)
Click to Enlarge Name: 25_08.jpg Size: 110 KB
  • #7,903
  • Aug 25, 2009 1:25pm Aug 25, 2009 1:25pm
Quoting 4xtrader2
From my observations, CHFJPY and USDJPY are pretty well correlated with each other but do not have near the activity of the other pairs and are not as well correlated with the other pairs. I am planning on dropping them from my charts.
Agreed to a point.

Correlation is present but PA on the UJ and CHFJ are very slow at times.

CadJpy and NzdJpy show the overall picture better but the pairs are not rovided by every brokerage it seems.

Another quandry to fix it seems.

Regards.
  • #7,904
  • Aug 25, 2009 1:28pm Aug 25, 2009 1:28pm
Quoting waddij
Mate,

Fantastic results.... Any losses in that 16 times and 5 times?


Waddij
20 trade (in two days), only one loss. I analyzed the loss. --> Reason: late entry.

Ovarall: 42% gain of the account balance within two days. I'll open a new account tomorrow and try to repeat again (and again, again and again)
  • #7,905
  • Aug 25, 2009 1:36pm Aug 25, 2009 1:36pm
Just an idea to those followers, who had 'bad' feeling of good entries.

Change the HMA settings to 21 from 8. (--> bigger picture of the price movement). It works WELL with DXTrade Dashboard(s). (2, 21, 4, 0, 5)

--> not a big deal, or addition to the thread, but definitely it will filter out some bad trades. (good trades --> FAITH)
  • #7,906
  • Aug 25, 2009 1:48pm Aug 25, 2009 1:48pm
Quoting Toledo
Hi all,

grrr, again one of these 26h Days... coming home, have a quick coffee and reanimate my little IBM for training C4 (during off hours)!
Not so bad... First trades are standart (PA, MA, correlation and Mom), but then
I see / feel (canīt explain exactly...) a very strong PA dynamic and took a second chance entering 3 Pairs again.

Attachment
Toledo

Quick question.... why enter 3 pairs again? why not chose one you like the best, maybe with a smaller spread and put 3x your lot on it? Less risk? Only one trade..... 2/3 less chance of losing......
  • #7,907
  • Aug 25, 2009 1:50pm Aug 25, 2009 1:50pm
There is an indi... which shows the correlation between the pairs. It displays the other pair movement. One picture says more than 1000 words.

EURGBP in EURUSD

It is not working on RENKO unfortunatelly.
Attached Image (click to enlarge)
Click to Enlarge Name: overlay.jpg Size: 44 KB
  • #7,908
  • Aug 25, 2009 1:52pm Aug 25, 2009 1:52pm
Quoting GrZack
20 trade (in two days), only one loss. I analyzed the loss. --> Reason: late entry.

Overall: 42% gain of the account balance within two days. I'll open a new account tomorrow and try to repeat again (and again, again and again)
GrZack,

Very nice mate. Well done. Should help put an end to all the negativity here.

Appreciate that when following a system and losing when you read all the entries about how people are getting it right it can be very disappointing/frustrating. However should also be encouraging, lets face it, the people that have been here from day 1 are all more than helpful.

Some great people her giving a hell of a lot, following on from Edge's example.

Well done, keep us posted on the progress
  • #7,909
  • Edited 2:17pm Aug 25, 2009 1:57pm | Edited 2:17pm
Quoting Pipo
[font=Calibri][size=3]Here it is you still have create and open your 4 renko offline charts(+4 3pips Renko Charts if you like to use it the way I do) and then attach the Templates. All what the subwindow indicator is doing is to reflect what you see on the chart window but in a horizontal way and by lining the individual subwindows up vertically (see my prev post) I found it much quicker and easier for my eyes and brain and to assess the situation. Also by not having a chart window my focus shifts automatically to all four currencies. Basically...
Hi Pipo,

Thanks for your explaination and templates.

When i use your template i don't get the charts showed in the post (see attachment). Can you tell what i'm doing wrong?

Thanks.

Edit : I've added the UP&Down indicator. It looks now like your charts. I've added a zero behind your settings because i'm using a 5 digit broker. Do i need to do more adjustments because of a 5 digit broker?
Attached Image (click to enlarge)
Click to Enlarge Name: renko subwindow.gif Size: 30 KB
  • #7,910
  • Aug 25, 2009 2:04pm Aug 25, 2009 2:04pm
Quoting shabane1
dear all

i use eur usd 1min scalp i want to test it with c4

i dl indicator from post #1 can anybody suggest template for eurusd m2

i have ranko too

thx in advance
dear all

sorry for ask again but i need it immediately

after 10 page

have good trade
  • #7,911
  • Aug 25, 2009 2:10pm Aug 25, 2009 2:10pm
Quoting GrZack
There is an indi... which shows the correlation between the pairs. It displays the other pair movement. One picture says more than 1000 words.

EURGBP in EURUSD

It is not working on RENKO unfortunatelly.
Hi GrZack,
If you want a correlation indi for use on a renko chart, just use one of the relative strenght indis on the Trader101 basket thread or the Indicators for T101 thread. Although they are designed with relartive strength in mind, they sit in their own window at the bottom of the chart and reference the MT standard timeframe prices for each currency/currency pair being shown.

Ian
  • #7,912
  • Edited 2:13pm Aug 25, 2009 2:13pm | Edited 2:13pm
Quoting shabane1
dear all

sorry for ask again but i need it immediately

after 10 page

have good trade
Sorry, but it does no good to say that you need it immediately - if we don't understand what it is that you are asking for.
  • #7,913
  • Aug 25, 2009 2:24pm Aug 25, 2009 2:24pm
Quoting shabane1
dear all

sorry for ask again but i need it immediately

after 10 page

have good trade
Please read this post. You can find everything here
http://www.forexfactory.com/showpost.php?p=2988946&postcount=7867
The Road appears under the steps of walking men...
  • #7,914
  • Aug 25, 2009 2:32pm Aug 25, 2009 2:32pm
Could we come to an agreement about the values for the DXtrade dashboards?

The default is 2,10,4,3,6
DX recomended 4,53,4,0,5 in a recent post
And now we've got 2, 21, 4, 0, 5 !!

What are you guys using? Edge?

Thx!



Quoting GrZack
Just an idea to those followers, who had 'bad' feeling of good entries.

Change the HMA settings to 21 from 8. (--> bigger picture of the price movement). It works WELL with DXTrade Dashboard(s). (2, 21, 4, 0, 5)

--> not a big deal, or addition to the thread, but definitely it will filter out some bad trades. (good trades --> FAITH)
  • #7,915
  • Aug 25, 2009 2:35pm Aug 25, 2009 2:35pm
Quoting bali2002
Could we come to an agreement about the values for the DXtrade dashboards?

The default is 2,10,4,3,6
DX recomended 4,53,4,0,5 in a recent post
And now we've got 2, 21, 4, 0, 5 !!

What are you guys using? Edge?

Thx!
I use the attached myself. They are all good just depends on trading style. DXT likes strong confirmation when trading. Need to pick your poison there.

First three settings are 2,6,4 and all others default.

Regards.
Attached File(s)
File Type: ex4 DXTrade Nitro Dashboard.ex4   22 KB | 1,217 downloads
  • #7,916
  • Aug 25, 2009 2:39pm Aug 25, 2009 2:39pm
Quoting bali2002
Could we come to an agreement about the values for the DXtrade dashboards?

The default is 2,10,4,3,6
DX recomended 4,53,4,0,5 in a recent post
And now we've got 2, 21, 4, 0, 5 !!

What are you guys using? Edge?

Thx!
Please note: I tried as many settings as I can, but the latest one fits for ME. I just wanted to share the setting, which fits for ME. I'm more than sure, that those people, who had/have same problem like me (BAD entries after a long SHORT/LONG), will help to filter out those trades.
4, 53, 4, 0, 5 is very conservative settings, which means less trade, but highest hit %.

Default values fits others, for DX, he uses his recommendation with a great success (I think).
  • #7,917
  • Aug 25, 2009 2:41pm Aug 25, 2009 2:41pm
What are rules for trading Renco Candles. Are there any recommendations or?

Thanks.
  • #7,918
  • Aug 25, 2009 2:44pm Aug 25, 2009 2:44pm
Quoting ianf0ster
Hi GrZack,
If you want a correlation indi for use on a renko chart, just use one of the relative strenght indis on the Trader101 basket thread or the Indicators for T101 thread. Although they are designed with relartive strength in mind, they sit in their own window at the bottom of the chart and reference the MT standard timeframe prices for each currency/currency pair being shown.

Ian
Thx Ian, will test it later .
Now, I try to reduce the indicators count on my chart. There are hundreds which are telling me the same thing.

for example:
Ichimoku cloud shows the same as IndexedMomentumK, with broken lines +20/-20 (go long when the price is upper the cloud/go long when the lines are above +20) or MA (45).

Take care,

GrZack
  • #7,919
  • Aug 25, 2009 2:50pm Aug 25, 2009 2:50pm
Quoting Edgetrader
I use the attached myself. They are all good just depends on trading style. DXT likes strong confirmation when trading. Need to pick your poison there.

First three settings are 2,6,4 and all others default.

Regards.
Hope I'm not confusing things but in DXTrade's recent post .....

http://www.forexfactory.com/showpost.php?p=2984219&postcount=7667

he attaches a different version of the Dashboard as the latest.
  • #7,920
  • Edited 4:16pm Aug 25, 2009 3:02pm | Edited 4:16pm
Quoting >Apocalypto<
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
Hi Edge,

Iīm sorry, this is not the Theme of this threat, but I think I should answer this young man...

Hello Apocalypto,
please donīt think Iīm only a member of this threat to give stupid comments
Ok, Buddy... I try to explain my posting...

I was scammed too during the dotcom Hype in 2001!
Iīve lost not sooo very much, only roundabout 2000 Bucks...
But after a few very uncomfortable Days, I analysed what really had happened...

1. One promised unusual high yieldīs to me and I became greedy!!!
2. I lost my mind and invested without checking this oportunity!!!
3. I lost my money!!!

And I analysed what Iīve done wrong...

Everything !!!
I had not used my Brain !!!


So...

I was the Idiot !!!
I decided wrong !!!
I was greedy !!!

Do you understand ??? MY stupidity made me become a "victim" of scam, nothing else !!!
And here comes the difference between me and so many others:

I did not cry and ask for better days !
I accepted, that it was MY failure !
And I learned !!!


Clear so far ???

Take care, buddy...

Regards
17 traders viewing now