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C4 Scalping

  • #421
  • Jul 14, 2009 5:52am Jul 14, 2009 5:52am
Quoting gutek04
2 EMAs cross (3 and 5) gives the same signals as trix 3,E,E,E,C - sometimes even better...
Now that is interesting .. looks like you could have a chart with just the 3 ma's and nothing else... I will have to observe this for awhile.
Talk about simplicity...
******************* I'd rather make money than be right.
  • #422
  • Jul 14, 2009 5:53am Jul 14, 2009 5:53am
Quoting Zendo
Look at my chart the trix has the "original settings". Maybe her Trix gets smoothed through the Renko Charts, this would be a possiblity, but i m not shure you can programm such a feature (Subsitute the close in the Trix formel through the Renko Close or high - something in this way). But back to trading in Edges way ....
Good trading.
I find useful to remember these rules from the first post:

3 - I trade this method at a set period of day. That is from 1100 to 1500 GMT. PERIOD!!!! No Questions asked!! This is the ONLY time I trade the Forex market. It has historically produced volatility sufficient enough to generate PA commensurate with trading this particular strategy.

However, I also note that the period from 0500 to 0830 GMT provides adequate volatility to also be productive. These periods are known as the London/U.S. and Asian/London overlapping times.


In these hours TRIX works better and provide less false signals...
Market is like a puzzle, YOU have to fit the pieces!!
  • #423
  • Jul 14, 2009 5:58am Jul 14, 2009 5:58am
Thanks Irathi, for that chart posted with clear explanation of the indicators. I have made a second 5 min C4 Scalper chart with your indicators so I can click back and forth and see 'the bigger picture'. Very helpful and as you say, very visual.

I still like keeping the original chart as clean as possible. I have the wma,
SwingMan's Trix and HA as a bar chart across the bottom as I prefer to see actual candles.

Quoting lrathi
With all due respect,

Swingman has used the TRIX indicator from post#1 and made it more visual for other traders.

While TG was big on other forums...... and is fortunate to be a brilliant maths person and good at programming skills, she is the first to admit she is a new trader and learning to trade with the help of several other experienced traders to her good fortune.

Swingman's comments were just stating facts from the programming side of indicators of this forum.

There seems some tones which I do not get good vibes.

TG on this public...
******************* I'd rather make money than be right.
  • #424
  • Edited 6:10am Jul 14, 2009 5:59am | Edited 6:10am
Quoting lrathi
With all due respect,

Swingman has used the TRIX indicator from post#1 and made it more visual for other traders.

While TG was big on other forums...... and is fortunate to be a brilliant maths person and good at programming skills, she is the first to admit she is a new trader and learning to trade with the help of several other experienced traders to her good fortune.

Swingman's comments were just stating facts from the programming side of indicators of this forum.

There seems some tones which I do not get good vibes.

TG on this public...
Irathi
I agree with you and I wanted to say the same thing and more but my English is not that good. Thank you Irathi and Swingman
  • #425
  • Jul 14, 2009 6:02am Jul 14, 2009 6:02am
Quoting Chris_B
But she is using "Tudor Girl super TRIX"...and...something tells me that is the better TRIX in the world....
- I assume you are being sarcastic
  • #426
  • Jul 14, 2009 6:02am Jul 14, 2009 6:02am
Quoting TudorGirl

All you need is Trix(3,E,E,E,C) or whatever SMs settings are. Then look carefully at what it is telling you.

Trix is far and away the most powerful indictor ever devised for time series analysis. The reasons are in R G Brown's book. It is provable mathematically. Almost everything else is voodoo, rat's entrails and astrology.

Big clue: Look at the divergence and the momentum.


Anne

Thanks Anne

That post was a huge help as to why my indis were not showing what you were trading.

changed trix to 3,E,E,E,C

Now it all makes sense

Greg
  • #427
  • Jul 14, 2009 6:03am Jul 14, 2009 6:03am
AUD/USD

Fucking trading range. Two trixs which is better ?
I m shure we will be back to the wrong Trxie in the next days.
Attached Image (click to enlarge)
Click to Enlarge Name: trixie.gif Size: 25 KB
  • #428
  • Jul 14, 2009 6:03am Jul 14, 2009 6:03am
Quoting ianf0ster
- I assume you are being sarcastic
Absolutly not...
Market is like a puzzle, YOU have to fit the pieces!!
  • #429
  • Jul 14, 2009 6:03am Jul 14, 2009 6:03am
In relation to it being mentioned here and the other thread
a few times... I have not yet used renko bars despite
a long time now trading. On mt4 is it true what
someone said before if you have 5 point bars
and a pair moves say 50 pips in 5 min you will only see the
5 pip bar not the full range that occured that 5 minutes???

I assumed if it moves 50 pips it would be creating
10 bars during that move?

Thanks for any insight.

Brian
  • #430
  • Jul 14, 2009 6:05am Jul 14, 2009 6:05am
Quoting Indrek
Come on, people, nobody is so fast that could manually open many trades in some minutes with setting SL and TP and everything. Even with the help of world's best indicators. It is quite obvious that only EA can do that.
....
- Or a script with a hotkey.
  • #431
  • Jul 14, 2009 6:05am Jul 14, 2009 6:05am
If anyone is wondering why the AU is going sideways for over an hour, it is because I went long about an hour ago at a wma cross confirmed by trix.

Sorry guys & gals, but I have the power to move the market that way .. maybe I should make my money by threatening to take a trade then everyone sends money to my PayPal account if I don't do it ...
******************* I'd rather make money than be right.
  • #432
  • Jul 14, 2009 6:07am Jul 14, 2009 6:07am
Quoting 4xStar
If anyone is wondering why the AU is going sideways for over an hour, it is because I went long about an hour ago at a wma cross confirmed by trix.

Sorry guys & gals, but I have the power to move the market that way .. maybe I should make my money by threatening to take a trade then everyone sends money to my PayPal account if I don't do it ...

I disagree...

AU is ranging because I am short from about 1 hour...hahahaha
Market is like a puzzle, YOU have to fit the pieces!!
  • #433
  • Jul 14, 2009 6:09am Jul 14, 2009 6:09am
Quoting 4xStar
If anyone is wondering why the AU is going sideways for over an hour, it is because I went long about an hour ago at a wma cross confirmed by trix.

Sorry guys & gals, but I have the power to move the market that way .. maybe I should make my money by threatening to take a trade then everyone sends money to my PayPal account if I don't do it ...
Lol, i m short since over an hour .......
  • #434
  • Jul 14, 2009 6:11am Jul 14, 2009 6:11am
Quoting golden1
In relation to it being mentioned here and the other thread
a few times... I have not yet used renko bars despite
a long time now trading. On mt4 is it true what
someone said before if you have 5 point bars
and a pair moves say 50 pips in 5 min you will only see the
5 pip bar not the full range that occured that 5 minutes???

I assumed if it moves 50 pips it would be creating
10 bars during that move?

Thanks for any insight.

Brian
I bought the renko indicator and am still experimenting with it. I know both Edge & Anne use Renko.
It works like this. If you set the bar range to 5 pips, a new bar will form ONLY after a 5 pip move measured FROM the top or bottom of the last bar since bars cannot be side by side.
If the GU renko bar closes at 1.6135, top and bottom is 1.6130 then the next renko bar will only close when GU reaches 1.6140 OR 1.6125 no matter how long that takes ... minutes, hours, days....

If the GU moves 50 pips in 10 minutes (or the GY 500 in 10 min!) then the renko bars will be forming rapidly, 5 of them in 10 minutes or for the GY, 100 of them in 10 min! (but you never set the bar range for GY at only 5 pips ... 15 or 20 should be the minimum)

So setting the bar range also depends on the average movement of the currency pair.

Hope that helps.
******************* I'd rather make money than be right.
  • #435
  • Jul 14, 2009 6:13am Jul 14, 2009 6:13am
Quoting Zendo
Lol, i m short since over an hour .......
OK, well after I collect my pips, then she can drop & you can get yours
******************* I'd rather make money than be right.
  • #436
  • Jul 14, 2009 6:14am Jul 14, 2009 6:14am
People were talking about different platforms..I wanted to know it would work correctly on the mt4 from mqlservices.

thanks



Quoting 4xStar
I bought the renko indicator and am still experimenting with it....
  • #437
  • Jul 14, 2009 6:15am Jul 14, 2009 6:15am
Quoting Zendo
AUD/USD

Fucking trading range. Two trixs which is better ?
I m shure we will be back to the wrong Trxie in the next days.
Congestion - as somebody said earlier, when the Trix and TM are flat don't trade that currency pair. Find one that has some life.

You do have at least 4 pairs to choose from!
Ian
  • #438
  • Jul 14, 2009 6:16am Jul 14, 2009 6:16am
Quoting Chris_B
I disagree...

AU is ranging because I am short from about 1 hour...hahahaha
Obviously we both have the power, and also Zenko, and have been pulling the market in opposite directions. We need to get together on our trades....
******************* I'd rather make money than be right.
  • #439
  • Jul 14, 2009 6:16am Jul 14, 2009 6:16am
Quoting 4xStar
OK, well after I collect my pips, then she can drop & you can get yours
Thank you thats nice ...
  • #440
  • Jul 14, 2009 6:18am Jul 14, 2009 6:18am
Quoting golden1
People were talking about different platforms..I wanted to know it would work correctly on the mt4 from mqlservices.

thanks
I have it running on my MT4, works fine. But you have to purchase the indicator, the free one you can find on this forum is worthless. The mqlservices one is the one I bought. You put up a 1 min chart for each pair you want to track with renko, then set your bar range for each pair and open an offline chart with that bar range (they give you detailed instructions when you purchase)
******************* I'd rather make money than be right.
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