Hi Edge Personally I prefer the ventana indicator and the 12 WMA for trading. Will it matter that I use these when you introduce the stronger explosives to us later in the week. I use the 12WMA to allow price to pull back to it after it has crossed ...

C4 Scalping

Not sure I quite agree with this. If PA is below the 200 EMA then you can still take a long trade, especially if the PA is a long way below. Think of PA being on a piece of elastic attached to the 200 EMA - if it gets too far away then the elastic ...

C4 Scalping

Hi Anne Interesting - I was looking at a SL=1.25xATR(14) for the SL on the Gpb/Usd 1 hour charts. I was also looking into taking half the trade off at +50 pips, moving the stop to break-even on the remaining part and letting it run until price ...

C4 Scalping

Hi Anne Yes I remember it well. We had a caravan when I was young and one time we stayed at a caravan park near the show. I think that year it rained for the entire three days of the show and the caravan was sinking lower and lower into the ground. ...

C4 Scalping

Also something to remember about using the 200 EMA on a 5 min chart is that the price centres around it. The greater the distance between price and/or 12WMA and the 200 EMA, the more likely that price will come back to it. There was a good example ...

C4 Scalping

I thought we were currently outside the trading times that Edge specified in post 1? There was one buy trade earlier at 8.25am on the Euro but that's been all for the morning session.

C4 Scalping

Hi Everyone, I've been lurking in the background, reading and watching with great interest. I cannot thank Edge enough for bringing this system to the FF or for all the time and effort he has put into this thread. You are a star! Also to ...

C4 Scalping

Hi there, I was wondering if it would be possible to add onto Post #1, the current EA and the MT4 indicators that are needed for the EA to run and what the settings should be. I've read through the whole thread and I've got a bit confused as to ...

Slingshot 30M & 1H - The 2nd Coming......

Problems with FXCM — Is anyone else experiencing problems with FXCM at the moment? We have been trying to withdraw funds from an account with them for nearly two weeks now and just keep getting passed from one person to another, and asked ...

FXCM Discussion

You're lucky then. CMC are 8 pips and FXCM 10 pips!

Very Simple GBP/JPY Breakout Trade

Chart

Very Simple GBP/JPY Breakout Trade

Chart attached for 15th February. I am currently looking at a filter using a 48 EMA on a 30 min chart to get a daily trend (30min x 48 = 24 hours), so therefore the trade should follow the trend. Pullbacks after the price is pierced seem to be the ...

Very Simple GBP/JPY Breakout Trade

Yes that's right - you wait for a breakout of the previous range.

Very Simple GBP/JPY Breakout Trade

Interesting it seems that, in the above trade, you may have found another totally different strategy. Wonder how well it works on it's own?

Part Time Wealth Building Trading System - Daily Scalping

Worst week for me too - down 90 pips on GBP/USD this week and last week was -32 pips. Still overall, the system appears to be profitable, so we'll just have to hang in there.

Part Time Wealth Building Trading System - Daily Scalping

Hi Driftwood, I did intend to go on a Sell trade last night, but didn't as the filter I'm trying out at the moment contradicted the trade and was showing a Buy possibility. I wanted to see what would happen so decided to stand aside on the trade. As ...

Part Time Wealth Building Trading System - Daily Scalping

Sorry for the delay in replying - busy weekend I am in the Channel Islands so I'm on GMT.

Part Time Wealth Building Trading System - Daily Scalping

You're right James, this is a fabulous system. I've taken it and adapted it to my style of trading and over the last two weeks I'm up 205 pips on the Cable. Over the last 4 weeks I'm up 406 pips - and so on. I've adapted it in a slightly different ...

Part Time Wealth Building Trading System - Daily Scalping

As far as the GBP/USD goes, I have Wednesday as a bull candle (this is how different time zones and data feeds can give differing results) which means I should still go short tomorrow (Monday) at midnight GMT. However the price is now resting on an ...

Part Time Wealth Building Trading System - Daily Scalping