It's looks like there isn't enough tension in the cable.

Does the trim work ?

Have you tried setting up the front derailleur from scratch ?

You can check if there is a fault of the shifter if you unhook the cable and hold it between your fingers and operate the shifter with the other hand. Does the cable move as it should when you shift through the clicks ?


Follow this set up guide for the 4700 FD - on page 2
http://www.bikeforums.net/bicycle-me...rubbing-2.html