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C4 Scalping

  • #8,121
  • Aug 26, 2009 5:53pm Aug 26, 2009 5:53pm
1- Is Edge a crook?
a. If he was he wouldn't be still here. He would be long gone.
b. His intention (logically) would be to gain the trust of people to then scam them. From the beginning he was promoting for us to learn with his famous "Learn and Earn" saying
c. From his first post he has advised us to read "Trading in the Zone" which his trading bible as he says it. After reading it, all his teachings make more sense, but the main point is...... why would he want us to learn? If he would want to eventually play a scam on us it wouldn't be in his best interest for us to learn. It wouldn't be in his best interest to also try to keep it simple; he would try to make it look complicated enough that the regular JOE wouldn't be qualified or capable of doing it him/her self, so that HE could do it for us; on the contrary, he always promoted to keep it simple, less is more and learn and earn.
d. When someone posted a Free (illegal) copy of the book mentioned above, his reaction was totally negative and he was for people doing the right thing (Buying the book)
Therefore, as far as i am concern i am with Edge and i am just hoping, like many more here, that he is able (and willing) to continue teaching us how to be profitable trading the forex markets.
Regards
JC
  • #8,122
  • Aug 26, 2009 6:04pm Aug 26, 2009 6:04pm
I suggest to FF administrators to have a charity based paid members section where serious traders can migrate to to keep them separated of all the non Forex related drivel generated by non trading lunatics and village jesters.
  • #8,123
  • Aug 26, 2009 6:24pm Aug 26, 2009 6:24pm
Agree with you on all that you said in above post.
I came here to learn, sadly a vendetta has sprung up against the man, some of his own doing. By his own admission, was using 2 identities, not a good idea, raises questions no doubt by other posters..

I have reservations on the scamming issue, was he taken to task? none that has been stated, therefor, none issue for me .

My last post on this issue, want to move on.

Came to this thread to learn the C4 scalp and now the Nitro thing is moving ahead, want to be up to speed on this method without the distractions we have been party to.

Lets gather some pips..
  • #8,124
  • Aug 26, 2009 6:28pm Aug 26, 2009 6:28pm
[quote=smjones;2995733] Have his investors been scammed? That seems to be an allegation. I have to ask has there been or will anyone step up and report these theft allegations to http://www.ic3.gov/about/default.aspx
The internet crime compliance center of the FBI? I would like to see the filed complaint before placing any kind of judgment as to criminal activity.

As would I and it had better be alot more detailed that that currently presented to Twee. Especially some action based upon an event occuring well over a year past.

Claims and lawsuits are immediately responded to with answers and counterclaims. Frivolous claims are really frowned upon these days and will be more than willing to respond. They are advised to get some pretty darn good counsel advise beforehand.

Should they fail in their claims, they had better be poor, destitute and judgment proof. If not, that is their choice, yet again!

At least I had the professional and civil courtesy not to put these individuals names, addresses, phone numbers, SSN's and other information all over FF. Obviously, they never heard of due process and invasion of privacy.

I well understand that Twee is simply trying to protect FF first and foremost, and then the members secondly. A daunting task with ones such as these 'gentlemen'.

I hold no grudges and will respect this process. But they are really playing a weak hand here and I will not allow an arbitrary and capricious libel to simply be set forth frivolously and without base or fact.

If I am not mistaken, one already has exposed themself. It is a sure bet a 15% loss in non-guaranteed investment which he himself initiated contact for without being solicited, and subsequent return of ALL remaining balance within 24 hours time is going to be hard pressed to either claim or prove fraud.

And I am not mistaken. Will continue to honor his privacy though.
  • #8,125
  • Aug 26, 2009 6:58pm Aug 26, 2009 6:58pm
[quote=jacson101;2995906]Oh dear,
Find myself in the trash bin this evening.

Here's a novel idea.
Make their money back! Stick yourself in a closet for the week, month and send 'them' their wire. Set yourself free!
Nothing more than talking heads in one's life; this is what a TRADER would do.
It is real money afterall.

It is so easy being on the outside looking in at times.

No offense, but would this be during or after repeated phone calls in the middle of the night that your daughters answered and then were verbally accosted? Managed to get those call from numbers also and a couple of voicemails.

Also, remember that one mans trash is another mans treasure.

Regards.
  • #8,126
  • Aug 26, 2009 7:01pm Aug 26, 2009 7:01pm
Hello,
I have been following this thread for a very long time undiscovered.
I am sorry to ask you this as I know somewhere in the thread is the answer but it is now so long that it will take me forever to find what I am looking for.
I downloaded the Renko script that I have put in my expert>indicator folder and then load it in the expert advisors but nothing happen.
Could someone please post the renko script (free stuff) and simply explain how to load a chart and change the time frame to make it 2 or 4mins.
I am fine with the rest of the indicators posted on the thread.
Many thanks to you all.

re your post: maybe you could get for your main trend an indicator like Fxfariz.
  • #8,127
  • Edited Aug 27, 2009 12:03am Aug 26, 2009 7:20pm | Edited Aug 27, 2009 12:03am
Meanwhile back at the beach
I knew that 134 had a lot of support but price had good momentum coming down...kaboom.
I took second trade (not recommended) as price broke through support then pulled back a couple of pips then...Kaboom.
First trade was a safer trade.
Attached Image (click to enlarge)
Click to Enlarge Name: nm.jpg Size: 161 KB
The Only Constant Is Change!
  • #8,128
  • Aug 26, 2009 7:22pm Aug 26, 2009 7:22pm
Attached File(s)
File Type: doc Installing Renko script as an EA.doc   23 KB | 1,083 downloads



Hope this works, found somewhere on this thread..
  • #8,129
  • Aug 26, 2009 7:48pm Aug 26, 2009 7:48pm
I am not trying to continue the debate, but I am curious on some things.

Artov, I am going to try to be nice here. I do apologize for me calling you some names here on the thread and also in PM. I must say, I am a little bothered by the fact that you somehow think I am in some scamming circle. And I would like to know exactly what basis you have to accuse me of this.

I am asking you publicly here on this thread to please give me ,and everyone else who is bothering to read this, to simply state in detail, the reasons you think I am involved on some scamming arena. I have nothing to hide at all. I am hoping you will answer my request here in public and call me out with details, examples or what not. I am asking this simply because I am curious.

I will answer any questions you may have on me. I have also asked Twee publicly on this thread to please make public (if FF policy allows) the inquiries on me by you and a group (as you put it earlier) of other FF members.

So if you can come on here and accuse me ,out of the blue, as being a scammer. You can at least come out here and state the facts in DETAIL why you think so. Call me out. Please. I have nothing to hide.

I want to do this right here out in the open (sorry thread members) because I have nothing to hide. And I want my name publicly cleared of any scamming allegations. I intend to be a member of FF and I enjoy the privilege that I have in being allowed to post on this forum. This is the only reason I want to handle this in public.

Edge, this is not intended to throw you under the bus. I do not know much about the Expat stuff. I mainly know what you have shared on the C4 thread and the Trendmagic thread, and at the risk of pissing a few people off, in a weird way, my ego has been stroked by being accused of being affiliated with you. I think you are good trader and your method of teaching is quite commendable.

I know Artov will take the last paragraph as an "I gotcha" piece of evidence, but I felt I needed to give him something to work with.

So there it is Artov. You called me out to the carpet by accusing me. Now I am calling you out. Please bring specific proof or examples. Because if you cannot do that, I am left thinking that you are only on a fishing expedition.

I will wait to hear from you.

Regards,

Lohad
AKA Brandon as stated on my birth certificate.
  • #8,130
  • Aug 26, 2009 7:58pm Aug 26, 2009 7:58pm
[quote=Edgetrader;2996055]
Quoting jacson101
Oh dear,
Find myself in the trash bin this evening.

Here's a novel idea.
Make their money back! Stick yourself in a closet for the week, month and send 'them' their wire. Set yourself free!
Nothing more than talking heads in one's life; this is what a TRADER would do.
It is real money afterall.

It is so easy being on the outside looking in at times.

No offense, but would this be during or after repeated phone calls in the middle of the night that your daughters answered and then were...
Indeed,
I feel you; both having spent a significant amount of time in this thread and in the trenches, in general.

My best,
  • #8,131
  • Aug 26, 2009 11:02pm Aug 26, 2009 11:02pm
Quoting lillelise
his scammed before,,,his on the way to do it again...
 so one need to warn the newbs..
 when first this guy/crew got their money..no law can help them...money are simply gone...thats ofcourse why they scam..they always get away with the money they get...with out getting punished...
It takes two to tango. I remember watching the interviews off all those Madoff "victims." All of them greedy bastards who intentionally shut off their brains and BS filters, then whipped out their wallets faster than a ho lifting her skirt for a quickie.

Let me ask you something: Between the drug addict and the enabler (drug dealer), who is more evil?
  • #8,132
  • Edited 12:45am Aug 27, 2009 12:32am | Edited 12:45am
Quoting Slack
It takes two to tango. I remember watching the interviews off all those Madoff "victims." All of them greedy bastards who intentionally shut off their brains and BS filters, then whipped out their wallets faster than a ho lifting her skirt for a quickie.

Let me ask you something: Between the drug addict and the enabler (drug dealer), who is more evil?
Slack,

the facts are,

as i see em after rereading most the Expat thread:

Client - trade for me please.
Keith - No not sure on that.
Clients please please please.
Keith - ok, why not.
Keith - I will make you a profit for 15% drawdown on your deposit
Client - ok lest do it.
Client - we're losing money on Oanda. Keith what's happening?
Keith - it's all cool this happens keep it with me. lets move to IBFX better.
Clients - (some leave at loss others move.) ok Keith....
Clients - KEITH WE'RE LOSING MORE MONEY!
Clients - Keith, keith, are you there where are u Keith?
Cients - Keith pick up our calls answer my email Mother%$#@!!!!!!!

the clients pushed him into it.

Keith reneged on the 15% loss and took off with the cash

Then came back and hid behind a new user-name.

BOTH ARE AT FAULT But mainly Keith has the responsibility here!!!!

I have always preferred ForexFactory to other forums but this on top of the Tudor Girl crap really leave a bad taste in my mouth.
  • #8,133
  • Aug 27, 2009 12:34am Aug 27, 2009 12:34am
Quoting stroker70
C4 and Nitro are different systems then what was used in that other thread.
Different systems, similar claims - claims, which by Edge's own admission, did not stand up when traded with real money over time.

Most of us who have followed the thread from the beginning and dilligently applied the recommendations have had successive successes (trades/days). My problem has been the drawdown from losing trades. It seems many may have developed to where the win ratio is high enough and the drawdown low enough to have sustained success. Then they have outperformed the thread originator in his previous incarnation. I have paid my own tuition fees by losing 3/4 of a small ($300) live Micro account. It has been well worth it!

The real value of the thread, for me, is that it has attracted a large number of very bright, creative, experienced and generous people who have combined their efforts in a community of practice for the benefit of all. From their combined input and tools (indis, arrows, dashboards) and my own adaptations, observations and hundreds of hours of screen time, I am closer to developing a system that suits me and makes money.

I thank all of them, including Edge (whoever he or she may be), for this intensive learning experience!
  • #8,134
  • Aug 27, 2009 12:36am Aug 27, 2009 12:36am
Quoting Slack
It takes two to tango. I remember watching the interviews off all those Madoff "victims." All of them greedy bastards who intentionally shut off their brains and BS filters, then whipped out their wallets faster than a ho lifting her skirt for a quickie.

Let me ask you something: Between the drug addict and the enabler (drug dealer), who is more evil?
Drurg dealer moron!

Slack if you had lost 20K to Keith and he came back with out telling you what would u say?
  • #8,135
  • Aug 27, 2009 12:48am Aug 27, 2009 12:48am
Quoting johny pip
Ah, maybe it is the use of the word 'system' that is confusing. I think that 'strategy' is more appropriate.

I want to use a strategy that has a better risk reward ratio.

I know that the 25 pip SL is not set in stone but if you make it smaller you will be stopped out often. By your reckoning we should trade with no SL at all. You will always make 5pips then, it would just be a matter of time, right?

Are you actually trading the NITRO or C4 system as prescribed?

Regards,
John.
I started with C4, but I'm now on Nitro. I would advise you to get consistent results with C4 before moving on to nitro.

You are thinking too mechanically. The tools are there as a guide but you have to develop a feeling for price action. There is only one way to learn. Sit in front of the screen and watch the chart for a hundred hours. I know it's not the answer you want to hear. You want something more specific.

I only use an SL as an emergency stop. It's just there in case I lose my internet connection and I know what my maximum loss would be if I can't get back online.

You can take a more mechanical approach with C4 on losses by just getting out on a candle colour change and HMA. But you can't do that with nitro because if you allowed it to reverse by 2 bricks you would be way down. So bailing out has to be based on cultivating a "feeling" for PA.

So to win you must minimise losses. You won't win if you allow a bad trade to hit a 25 SL every time. You have to develop a feeling for when price has hit exhaustion. Scalping is a completely different approach to trading H1 or H4 charts. At this level you have to feel the energy in the price movement. Is it strong or weak. Is it flattening out. If it reverses, is it a small retracement or a more entrenched reversal. Wait for it to retrace. Feel the bulls and bears fighting for supremacy. Who is going to win. Ah, wait for it. It's coming back up again. Is it going to exceed the previous high. No, another bounce. It's lost energy again. Going flat. Now price movement has come to a complete stop. Don't panic. The market is taking a breather and is deciding which way to go. It starts moving again. It's heading for the downside. Time to bail out. It's lost upward energy. The bears are winning. Just wait for a small pullback to minimise loss. Close for an 8 pip loss. Look for the next opportunity.

That my friend is the strategy. Develop your intuition. There is no indicator. You are the indicator. Understand that trading is about probability. The Zen of Scalping.
  • #8,136
  • Aug 27, 2009 3:29am Aug 27, 2009 3:29am
I have a little idea for Twee and FF...

Why not put a disclaimer in the 1st page of every thread? Where you can write something like: "Don't let others trade your money, don't give away your money, it's a high risk investment, trading this strategy is at all your risk"...and so on??

I know...people theoretically knows this...but if it's written in the 1st page...also the newbies are put on allert...
Market is like a puzzle, YOU have to fit the pieces!!
  • #8,137
  • Aug 27, 2009 3:39am Aug 27, 2009 3:39am
Quoting SlushFund
That my friend is the strategy. Develop your intuition. There is no indicator. You are the indicator. Understand that trading is about probability. The Zen of Scalping
Great post, SlushFund!

The Zen of Scalping, yes! Let go of grasping and aversion and mental constructs (indis?). Be fully present with all that is here, now (PA & your own mind).

After observing and comparing (almost) everything offered on this thread, I'm back to a very basic setup = M5 + SM's candles (which includes Trix) and MA. I find I can now usually guage direction, momentum and acceleration from PA as it changes the color (Trix) and size of the candle, whether it closes up or down and the crossing and slope of the MA. I use different timeframes to monitor trend, watch correlation between pairs and practice conservative MM. Lastly, I trade when major markets overlap and not near high impact news events. I've switched from a live Micro account to MT4 demo and it's beginning to look promising.

None of this is original to this thread! As in the Oxherding pictures, I've gone a long way round to get back to the beginning (almost).
  • #8,138
  • Aug 27, 2009 5:27am Aug 27, 2009 5:27am
Here's my plan to build confidence without stress on your live account. This assumes you have already been getting good trades on a demo account.

Trade the live account (with C4 or Nitro) according to all of Edge's rules' including market trading times. Decide on your daily target in pips. Edge suggests 20 pips (4 x 5 pip trades) but you could also consider half that. (2 x 5 pips)

On your first day of trading live, you trade 10 cent lots (0.01). If you achieve your target you have earned the right to trade 20 cent lots the following day. If for any reason you don't reach your target you will not have earned the right to trade more and will therefore only trade 10 cent lots on Day 2. If you have 2 consecutive losing trades, cease trading for the rest of the day and trade again the next day at 10 cent lots.

After 2 losing trades you will feel bad. You will want to get your revenge on the market. You will be emotional. You will do something stupid and lose more. To cope with this, open a demo account. This is your sand box. You can play in your sand box anytime you want. You can get it off your chest and give the market what it deserves. Win or lose, it doesn't matter.

And so it progresses. After 2 winning days you have earned the right to trade 30 cent lots on Day 3 and so on. But if you don't reach the target or lose twice in a row, trade the next day with the same amount from the previous day.

You will start by trading peanuts, so the fear level will be low, but gradually the increasing level of confidence reflected by the results in your trading will tend to cancel out the fear associated with the increasing amounts you are trading each day. You will have to decide on your own comfort level. Perhaps after 10 days (that's assuming you win every day) and you are at $1 a pip, you might want to increase it by a mini lot at a time rather than a micro lot. That's your decision. But anytime you are not in the right mood, feel frustrated or whatever, but you have the overwhelming need to push buy and sell buttons, then just play in your sand box account until your are focussed again.

It's a very simple idea, but it can help deal with the emotion.
  • #8,139
  • Aug 27, 2009 6:58am Aug 27, 2009 6:58am
Quoting SlushFund
Here's my plan to build confidence without stress on your live account. This assumes you have already been getting good trades on a demo account.

Trade the live account (with C4 or Nitro) according to all of Edge's rules' including market trading times. Decide on your daily target in pips. Edge suggests 20 pips (4 x 5 pip trades) but you could also consider half that. (2 x 5 pips)

On your first day of trading live, you trade 10 cent lots (0.01). If you achieve your target you have earned the right to trade 20 cent lots the following day. If...
To produce statictically viable results you should generate a couple hundred trades without changing as many of your variables as possible (lot size, time of day, TP, S/L, etc.).

My plan is trade at least 200 trades in demo; if profitable move to live account and start with 1 mini-lot. Repeat for another 200 trades. If successful, increase lot size within range you are comfortable (based on your MM rules). Continue same until you can move up to 5 or 10 lot sizes.
Just a thought.
4XTrader2
  • #8,140
  • Aug 27, 2009 7:57am Aug 27, 2009 7:57am
Here's today's C4 trade. 4 lots x 5 pips. There was a good move down on 3 pairs. Eur/Jpy went the opposite way, curiously.

...

C4 Log:

Wednesday 19th August - Win
Thursday 20th August - Win
Friday 21st August - No trades
Monday 24th - Lost
Tuesday - Lost
Wednesday - Win
Thursday - Win

...

http://www.ukonlinewholesalers.com/i...x/C4270809.jpg
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