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Gleneagles replied Aug 6, 2009DXTrade, I keep a record of ALL the trades I do, screenshot @ entry and exit. It is not because I want to do an autopsy and dwell on each trade but to make sure I stay within my trading rules and trading plan. Yes.. I still have a short checklist ...
C4 Scalping
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Gleneagles replied Aug 5, 2009Post a chart of EURUSD and mark ALL your trades on the chart. Blue line long, red line short. Look back at an earlier post about ATR and market activity relating to EURUSD, compare your trades to market activity. Maybe the other traders can ...
C4 Scalping
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Gleneagles replied Aug 5, 2009I dont wait for a bar close to enter a trade, I always look to find an opportunity to enter at a better price, as PA dictates. Remember that Price will retrace more often than not (I believe Edge has already pointed this out in an earlier post) and ...
C4 Scalping
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Gleneagles replied Aug 5, 2009Wait, stop..hang on...... Yes I did post a few charts at some stage with Trix longer TF entries. It was clearly marked...Just for info...30m TF...will be deleted..... All subsequent trades posted as per our system were in the same direction??? ...
C4 Scalping
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Gleneagles replied Aug 5, 2009You are 100% correct about what your friend, Welles Wilder intended when he designed the ATR. Welles did not know about C4 when he was testing his indi. I merely used his groundbreaking work to assist me in filtering/finding optimum trading ...
C4 Scalping
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Gleneagles replied Aug 5, 2009madscalp, No problem.......my system is definitely not a 100% system. I try to look for " better quality " signals and try to get the odds on my side before pulling the trigger. I will gladly share with you any losers if you can learn from it...I ...
C4 Scalping
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Gleneagles replied Aug 5, 2009Of course... I had a loser on GBPJPY which I posted a while ago..countertrend. No losers so far during past 6 trading days but there will definitely be a few on the way. I take them in my stride if and when they happen, I look at my trades in lots ...
C4 Scalping
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Gleneagles replied Aug 5, 2009Just skip the Asian session, there are lots of activity and better setups normally during LDN and NY session.
C4 Scalping
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Gleneagles replied Aug 5, 2009Trades — I only took 3 trades today. First sell trade on GBPUSD..same one lucky lady posted plus 2 long trades on GBPUSD.
C4 Scalping
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Gleneagles replied Aug 5, 2009+10 — GBPUSD If you want to take a trade that " looks" counter trend or signals as a counter trend trade with whatever filter you choose to employ..consider a smaller TP and a smaller position to trade with. PS I just drew vertical lines at ...
C4 Scalping
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Gleneagles replied Aug 4, 2009Next week? — Hi sony, If you want to trade longer term, no problem, if it is OK with you, will look at your charts and give you a few suggestions. Let me know whether you can PM me because I will be away for a week.
C4 Scalping
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Gleneagles replied Aug 4, 2009Yes, you can drag another ATR indi into your existing one and set one up as " fast" and one as "slow" ATR eg. 5 and 25. The crossover of the fast over the slow line will also indicate a change in trading range, much like MA cross. The number .0030 ...
C4 Scalping
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Gleneagles replied Aug 4, 2009No problem, ATR or average trading range will simply tell you the range of the candles (high minus low) or size if you wish. Normally low trading activity reflects via small candles...right? So by monitoring the candle sizes over a period and acting ...
C4 Scalping
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Gleneagles replied Aug 4, 2009I forgot to add...look at daily ATR...we are entering the summer doldrum period now, daily ranges are tapering of over this period. 30 ATR on GBPUSD is OK for now. A small adjustment may be needed shortly. But the main thing is to figure BSN time ...
C4 Scalping
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Gleneagles replied Aug 4, 2009Right, normally the activity will peak above 30 during one or both sessions, it is when it drops below 30 that you have to be extra careful.
C4 Scalping
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Gleneagles replied Aug 4, 2009Edge, You have summed it up 100%. If you walk in on a bar brawl and you want to participate, it is a lot safer to wait until everybody is on the floor bleeding before you walk around kicking people in the #@$%.
I said before...pull the lion`s ...C4 Scalping
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Gleneagles replied Aug 4, 2009Wayne, No, I am not posting ALL the trades... I normally post the first few when I start trading during LDN/EUR open. I keep a close eye on ATR , PA and volatility. I am done for the day and most of my trades are done early LDN session. The only ...
C4 Scalping
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Gleneagles replied Aug 4, 2009You are right...and the beauty is...it so darn simple and easy
It also serves as a great learning aid IMHO to master the basics first by trading manually before looking for an ATM.C4 Scalping