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C4 Scalping

  • #7,921
  • Aug 25, 2009 3:10pm Aug 25, 2009 3:10pm
Quoting bali2002
-20 pips
Went long on the previous (green) candle, had a reversal a few minutes later, unfortunately getting too many of those.


Maybe somebody could offer some suggestions/corrections?

thx!
maybe using aroon and stochastic to see entry.
stochastic come with meta4
aroon avilable at codebase aroon (http://codebase.mql4.com/download/1350)
  • #7,922
  • Aug 25, 2009 3:18pm Aug 25, 2009 3:18pm
Quoting waddij
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......
Hi waddij,

during life trading, I´m surely using the Less Risk Options. But this is training, and so I´ll try to train my senses and reflexes. Quick in, fast out (with a little help...).
  • #7,923
  • Aug 25, 2009 3:19pm Aug 25, 2009 3:19pm
Quoting Toledo
...

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 !!!

Take care, buddy...

Regards
Bravo ... nice to know there are still people who will take responsibility for their actions instead of whining & looking for someone or something else to blame!
I've been scammed as well, more than once, & have only mysellf to blame.

Onward
******************* I'd rather make money than be right.
  • #7,924
  • Aug 25, 2009 3:27pm Aug 25, 2009 3:27pm
Quoting Analda3
I have been practicing your concept of trading on the news, and it works great. Today y got +5 * 2 lots on the 10:00 am Consumer Confidence on USDJPY and i pulled those 5 pips in no time at all. Unfortunately i made a mistake a little later and took a bad trade when correlation wasn't there and PA was very shy. My biggest issue is to be patient and wait for the best setups. I still have to practice, practice, practice. Nevertheless i have improved tremendously in my trading thanks to Edge's thread. So i say it again...Thank you Edge
Regards
JC
I assume you trade demo account? I would think twice about trading news live if you are not experienced in trading such.
  • #7,925
  • Aug 25, 2009 3:36pm Aug 25, 2009 3:36pm
Quoting Toledo
MY stupidity made me become a "victim" of scam, nothing else !!!
Hi Toledo:

To take full responsibility for the outcome is the mark of a mentally healthy human being. I salute you.
If you only trade long, then you can't always be wrong.
  • #7,926
  • Aug 25, 2009 4:05pm Aug 25, 2009 4:05pm
Quoting bali2002
So you're basically using +7 TP and -30 SL?
Hi,

I'm trading with TP 7 in GBPJPY, and 5 in all the other pairs. I set 30 for the SL, but in fact I close the trades manually.

Regards.
  • #7,927
  • Aug 25, 2009 4:15pm Aug 25, 2009 4:15pm
4xStar & Franky,

Thanks a lot for your positive response !
I´ll hope my posting will protect this thread a little bit...
I think, it´s a good one to learn "Trade for a Living!"

Regards
  • #7,928
  • Aug 25, 2009 4:16pm Aug 25, 2009 4:16pm
Quoting FrankenPip
Hi Toledo:

To take full responsibility for the outcome is the mark of a mentally healthy human being. I salute you.
I’m sorry for the interruption but I think something needs to be clarified here.

I totally agree with you guys. I was scammed myself and of course it was only my fault and my greed that caused this mess I got myself and my family into. But don’t you think those scam artists should be punished???

What I like most about living in US is sense of community I lacked in country I grew up in where everybody minded his/her own business. Community is a real value and I mean every community, including our virtual community of traders. Do you really accept scam artists, burglars, rapists in neighborhoods you live in? In place where I live we simply kick those individuals out! We have neighborhood watch and every suspicious activity is immediately reported to authorities. Any individual who doesn’t accept those simple rules of honesty is dealt with accordingly.

We are a virtual community of traders where honesty and mutual respect should remain basic values. I really don’t understand this “who gives a damn” approach in situation like this.

Like everyone else I just want to trade the system. But I don’t think we should accept scam artists in our community. This thread was created by us, members, and as such it belongs to us. I really appreciate effort of those who contributed generously here. I also think we should remain a healthy community, where you don’t have to think twice about who is who.
Best Regards.
  • #7,929
  • Aug 25, 2009 4:26pm Aug 25, 2009 4:26pm
Quoting jackal
I assume you trade demo account? I would think twice about trading news live if you are not experienced in trading such.
I am training with Nitro during the London/US overlap, as indicated, but based on a recent post from Chris_B, i have been taking advantage of the PA momentum during these events and i have been able to take my 5 pips effectively & extremely quick. Is there something you can or would like to add for anyone interested in trading such?

Regards

JC.

PS. Thanks for your response
  • #7,930
  • Aug 25, 2009 4:28pm Aug 25, 2009 4:28pm
Quoting jackal
Do you really accept scam artists, burglars, rapists in neighborhoods you live in?
Jackal,

Haven't you heard? If you get robbed its your fault for having a lock that can be opened, its your fault for having a key that can be duplicated and its your fault that your windows can be broken.

If you're raped, well thats your fault too if you look really good well then...your just asking for it.

And hey, if your murdered thats your fault too because well, your body can't withstand a bullet or knife. Its probably your fault also because you stepped into the wrong part of time instead of THINKING REAL HARD.
  • #7,931
  • Aug 25, 2009 4:34pm Aug 25, 2009 4:34pm
Quoting jackal
I’m sorry for the interruption but I think something needs to be clarified here.

[font=Calibri]I totally agree with you guys. I was scammed myself and of course it was only my fault and my greed that caused this mess I got myself and my family into. But don’t you think those scam artists should be punished???

[size=3]What I like most about living in US is sense of community I lacked in country I grew up in where...
Hi Jackal.

I agree. May I add a question: If scammed people have only to blame their self for being scammed so why has any nation laws against scammers? Even the USA?

Just to think about

Regards
If there are pips you can collect - just do it!
  • #7,932
  • Aug 25, 2009 4:41pm Aug 25, 2009 4:41pm
(honestly answered) ends this.

Edge has said he has the right to privacy, and that is certainly true
However if he would say, "I am not Keith Brown" , "I am not Exxpat", then that would be the end of it.

No one needs to know his real name, no one needs to know anything about him.


***IF**** he is Keith Brown /Exxpat, then everyone can read all of his posts and make their own decision.

If he is not Keith Brown/Exxpat, then (IMHO) he should say it.

End of story.

What makes me suspicious is that he refers to "this person" or "that person" and never comes out and says it is not me

I am glad that people have learned something about scalping from this thread and I am glad that people are becoming profitable, but the hero worship and adulation (which a while back I was guilty of) is not healthy

One simple question, end it all.

If he is one and the same......we should know
If he is a different person, then he does not deserve this prolonged discussion/witch hunt

Yes or no?
  • #7,933
  • Aug 25, 2009 4:44pm Aug 25, 2009 4:44pm
Quoting pgpb
(honestly answered) ends this.

Edge has said he has the right to privacy, and that is certainly true
However if he would say, "I am not Keith Brown" , "I am not Exxpat", then that would be the end of it.

No one needs to know his real name, no one needs to know anything about him.


***IF**** he is Keith Brown /Exxpat, then everyone can read all of his posts and make their own decision.

If he is not Keith Brown/Exxpat, then (IMHO) he should say it.

End of story.

What makes me suspicious is that he refers to "this person" or "that...

I agree, you fixed the point.

If there are pips you can collect - just do it!
  • #7,934
  • Aug 25, 2009 5:03pm Aug 25, 2009 5:03pm
Quoting Analda3
I am training with Nitro during the London/US overlap, as indicated, but based on a recent post from Chris_B, i have been taking advantage of the PA momentum during these events and i have been able to take my 5 pips effectively & extremely quick. Is there something you can or would like to add for anyone interested in trading such?

Regards

JC.

PS. Thanks for your response
This is your account and your money and only you can decide what trading approach suites you best. I simply think you should get familiar with terms like requotes and widening spread before trading news live. Trading news is very dangerous and can easily blow up your account.
  • #7,935
  • Aug 25, 2009 5:05pm Aug 25, 2009 5:05pm
Quoting jackal
[size=3][font=Calibri]I’m sorry for the interruption but I think something needs to be clarified here.

I totally agree with you guys. I was scammed myself and of course it was only my fault and my greed that caused this mess I got myself and my family into. But don’t you think those scam artists should be punished???

What I like most about living in US is sense of community I lacked in country I grew up in where everybody minded his/her own business. Community...
Hi jackal,

please, try to forget the most of this BS here...

Figure out the method that suit´s you best.
Trade the plan exactly for a few weeks on Demo.
And after that, make a decision: Live trading for a better living or searching for another one, that´ll suit´s you (maybe) better!

Regards
  • #7,936
  • Aug 25, 2009 5:08pm Aug 25, 2009 5:08pm
Quoting jackal
...
But don’t you think those scam artists should be punished???
...
Here is the rub for me.

First, I agree that all those people who have been scammed should have done their due diligence and if they take responsibility for their actions, they will learn and benefit from their mistakes.

Second, I agree that scam artists should be punished if they committed a crime. However, all accused in the USA have the presumption of innocence until proven guilty by a jury of their peers. This means the person must be indicted and brought before a court of law.

Posting on FF is not a valid method of indictment. Posting on FF any accusation and innuendo, no matter how well meaning the individual's intentions, is unprofessional and is nothing more than gossip and that person should be immediately placed on the ignore list.

If a person has valid proof, the forums are not the place for it. It should be brought directly to the attention of the Forum Administrators. Period. No exceptions. The person should also bring their valid proof and accusations to a district attorney or other regulatory body such as the CFTC or SEC.

Personally, when I see such accusations on a forum thread, I think of Iago in Othello.

Now, can we put this subject away and focus on trading?
4XTrader2
  • #7,937
  • Aug 25, 2009 5:28pm Aug 25, 2009 5:28pm
Quoting Ace284
Jackal,

Haven't you heard? If you get robbed its your fault for having a lock that can be opened, its your fault for having a key that can be duplicated and its your fault that your windows can be broken.

If you're raped, well thats your fault too if you look really good well then...your just asking for it.

And hey, if your murdered thats your fault too because well, your body can't withstand a bullet or knife. Its probably your fault also because you stepped into the wrong part of time instead of THINKING REAL HARD.
Hi Ace,
maybe you´re one of the brightest guy´s in this community...
For sure, alone on your toilet you are !!!
And this is exactly the place, where your postings belong...!!!

Sorry, my dear ...
  • #7,938
  • Aug 25, 2009 5:47pm Aug 25, 2009 5:47pm
Hi Edgetrader:

Did you know that you can make this thread so that posters must have 10 vouches or more to post? That would calm things down for sure. You could change it back after the dust settled.
If you only trade long, then you can't always be wrong.
  • #7,939
  • Aug 25, 2009 5:50pm Aug 25, 2009 5:50pm
Quoting jackal
I totally agree with you guys. I was scammed myself and of course it was only my fault and my greed that caused this mess I got myself and my family into. But don’t you think those scam artists should be punished???
HI jackal:

Do you have any idea what would happen to a scam artist if a monster like me got their hands on them? Yes, they should be punished, severely punished.
If you only trade long, then you can't always be wrong.
  • #7,940
  • Aug 25, 2009 5:53pm Aug 25, 2009 5:53pm
Quoting pgpb
Edge has said he has the right to privacy, and that is certainly true However if he would say, "I am not Keith Brown" , "I am not Exxpat", then that would be the end of it.
Don't kill the messenger. People are making money using this system. That is why we are here. Attention needs to be on the method not individuals.
If you only trade long, then you can't always be wrong.
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