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C4 Scalping

  • #521
  • Jul 14, 2009 12:13pm Jul 14, 2009 12:13pm
Quoting 4xStar
I bought the renko indicator and am still experimenting with it. I know both Edge & Anne use Renko.

(...)
Hope that helps.
It certainly does. Thank you for the explanation.
Do you have the URL of the place?
  • #522
  • Jul 14, 2009 12:17pm Jul 14, 2009 12:17pm
Here are my trades from today.

worked past the forbidden 11:00 but only used 5 pip t/p

+83 pips
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  • #523
  • Jul 14, 2009 12:18pm Jul 14, 2009 12:18pm
Quoting TudorGirl
Hi All

Afternoon (NY session) results. Around +130 to +140 pips at a guess.

I have attached my charts for those with a fascination to see my magic at work (LOL!!). I have tried to zoom in so you can see the action. I have marked the trade point with an arrow and the SL/TP in red/blue resp. Hope this helps!

All trades on GBPUSD 5-pip Renko except the EURUSD trades, which are on the H1 normal candles.

Note that I usually (but not always) trade two trades at a time. Same SL on both but sometimes different TP.

And for those who doubt...
Thanks for sharing your RENKO chart on M5 GU.

For those following POST#1 strictly speaking using normal candles(optional HA candles) and smtrix....

1.Could you share your EU H1 chart with a trade.

2. The little red and blue arrows indicating a trade, where on the MT4 platform do you create these? I have only seen these when there is some automation...... assuming you are using Mt4 as the platform....(ODL you mention)

3. How is your PT and Sl calculated at this stage of your trading?You dont seem to let the trade run to those levels....

4. what is the horizontal red line across your chart?

5. Not clear to me your mathimatical filter to enter a trade or not? Could you care to explain in detail?

I am a trader and scientist too ! with credentials I dont advertise
  • #524
  • Jul 14, 2009 12:18pm Jul 14, 2009 12:18pm
yes, put in 60 for H1 for example


Quoting 4xStar
I still can't figure out how to make it show a tf other than the one it is on. There is an input for timeframe which has 0. Do I put there the # of minutes I want it to show? Like 15 or 60 or 240?
  • #525
  • Jul 14, 2009 12:22pm Jul 14, 2009 12:22pm
Quoting TudorGirl
I have just checked my charts. On the H1 I actually have Trix set to 4 as it is such slow action. It is 3 on the Renko. Sorry for any confusion.

Anne

Thank you for the info.

Think I will try 15min charts, except for gbp/usd pair (that one 5min).
Settings 2e m e.

Anybody else working on 15min timeframes for pairs like eu/yen, eu/usd ?
  • #526
  • Jul 14, 2009 12:23pm Jul 14, 2009 12:23pm
Quoting tex
yes, put in 60 for H1 for example
But what about those numbers in SwingMan's last post? 3.5, 1.9 etc?
  • #527
  • Jul 14, 2009 12:26pm Jul 14, 2009 12:26pm
Quoting Indrek
Anybody here who uses live account for the training?
I think, trading at demo is absolutely different and not educating enough - no real fear, no emotions, just routine stuff.
I installed today a newer version of MT4 - 225. And I did not notice that by default it was set so that when I triggered the detonator, I put not 0.1 lots but 1 full lot. After that price went to other direction and the numbers that I saw before my eyes were quite weird You can imagine my feelings when I finally closed the position at +2 pips

And one more thing: SwingMan...

I have been using a live account since the middle of the Paulus/Trend Magic Thread, and using it here since day 1
  • #528
  • Jul 14, 2009 12:30pm Jul 14, 2009 12:30pm
As far as i understand him, he suggests to take the MTF Timeframe=30 instead of 60 when using M5 because of it's relations to each other.



Quoting Indrek
But what about those numbers in SwingMan's last post? 3.5, 1.9 etc?
  • #529
  • Jul 14, 2009 12:31pm Jul 14, 2009 12:31pm
Quoting lrathi
Thanks for sharing your RENKO chart on M5 GU.

For those following POST#1 strictly speaking using normal candles(optional HA candles) and smtrix....

1.Could you share your EU H1 chart with a trade.

2. The little red and blue arrows indicating a trade, where on the MT4 platform do you create these? I have only seen these when there is some automation...... assuming you are using Mt4 as the platform....(ODL you mention)

3. How is your PT and Sl calculated at this stage of your trading?You dont seem to let the trade run to those levels.......

1. It is in my post 517.

2. I copied them as little images off other charts. They are much clearer than other arrow symbols.

3. From the ATR as I have explained in previous posts.

4. The Ask line I think!

5. The Trix is the filter. I just follow it.

Anne
  • #530
  • Jul 14, 2009 12:38pm Jul 14, 2009 12:38pm
Good day to you all,

Did not have a lot of time to trade today, but managed a good +68 pips on the 3 pairs targeted. Live.

This, for me, is a brilliant result as I have a small daily target of only 30 positive pips per day. Sure, some losses - but not the ideal time to trade either...

My gratitute to the Edge for a lot more than what is currently posted here. You have opened my eyes. I will keep chipping away so that I can one day trade with utmost confidence and focus for short bursts of time. Quality stuff. Much oblidged.
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  • #531
  • Jul 14, 2009 12:42pm Jul 14, 2009 12:42pm
Quoting TudorGirl
1. It is in my post 517.

2. I copied them as little images off other charts. They are much clearer than other arrow symbols.

3. From the ATR as I have explained in previous posts.

4. The Ask line I think!

5. The Trix is the filter. I just follow it.

Anne
Still not clear....

Can you post a H1 EU chart with normal candles with your trix version and and entry signal of a trade. Your previous post in RENKO candles which you mention you use for M5 TF only. H1 is normal candles.(not zoomed)

Arrows copied from what chart? Still a mystery... Care to explain....
Still think there is some automation being used and not being up front with members on this forum????

Care to repeat your SL and TP calculations and what in practice are you using as Tp from your statement as it is certainly not where your blue and red are placed.

What MM rules are you using from your statement it seems this is also automated ??? I guess you are using an EA but telling member yhou are trading manuallY???

Please be a bit transperant to us here on this Forum...

If you are using only trix as filter there were some trades you shoulkd have entered but did not???
  • #532
  • Jul 14, 2009 12:45pm Jul 14, 2009 12:45pm
Please read more carefully. She uses the (her) TRIX only, BUT in slightly another way u are using it.



Quoting lrathi
Still not clear....

Can you post a H1 EU chart with normal candles with your trix version and and entry signal of a trade. Your previous post in RENKO candles which you mention you use for M5 TF only. H1 is normal candles.

Arrows copied from what chart? Still a mystery... Care to explain....
Still think there is some automation being used and not being up front with members on this forum????

Care to repeat your SL and TP calculations and what in practice are you using as Tp from your statement as it is certainly...
  • #533
  • Jul 14, 2009 12:51pm Jul 14, 2009 12:51pm
Quoting winningfx
hi altoronto,

well, i'm happy 4 your trading results. i'm not trying 2 pick your words but the " wow how smart i am" sentence. just makes me cringe!!! i think mr market has not taught u a lesson yet. good luck
About "wow how smart I am" I was kiddin .. no offence to anyone, but before I go live with it I'll test it on demo, I know that demo and live feeds can be different as well as emotions, etc .. Mr. market already took $2000 in past so I think is time for a little payback.
  • #534
  • Edited 3:55pm Jul 14, 2009 12:52pm | Edited 3:55pm
It's OK .... I've worked out why the scripts weren't working. My mistake.

Thanks, again for your post. Richard.
  • #535
  • Jul 14, 2009 12:52pm Jul 14, 2009 12:52pm
Quoting lrathi
Still not clear....

Can you post a H1 EU chart with normal candles with your trix version and and entry signal of a trade. Your previous post in RENKO candles which you mention you use for M5 TF only. H1 is normal candles.(not zoomed)

Arrows copied from what chart? Still a mystery... Care to explain....
Still think there is some automation being used and not being up front with members on this forum????
Not sure what you are after here, buddy. To my tired, worn eyes, the smaller chart in Post 517 looks a lot like a normal candle chart.

And yes, it is indeed an H1 candle chart on the EU!!

CB
  • #536
  • Jul 14, 2009 12:54pm Jul 14, 2009 12:54pm
I personally do not feel quite experienced enough yet to trade every pair on 5min...... (except for gbp/usd due to nice moves and low spread on fxpro)

Is anyone using this strategy successfully on the 15min charts or higher ?
  • #537
  • Jul 14, 2009 12:57pm Jul 14, 2009 12:57pm
Quoting lrathi
Still not clear....

Can you post a H1 EU chart with normal candles with your trix version and and entry signal of a trade. Your previous post in RENKO candles which you mention you use for M5 TF only. H1 is normal candles.(not zoomed)

Arrows copied from what chart? Still a mystery... Care to explain....
Still think there is some automation being used and not being up front with members on this forum????

Care to repeat your SL and TP calculations and what in practice are you using as Tp from your statement as it...
Hi Irathi,
There is no need to get in a state about TG's results. It appears that on the 5pip Renko chart ( G/U) she is using a 10 pip TP and a 32pip SL there is some inconsistency because she enters 2 seperate trades and uses the same absolute values for intial TP and SL for both. If she was using an EA I would expect there to be no variation.

Then you may ask why is she opening 2 trades when it is so much easier to open just 1 trade for 2x the Lots and then if desired close off 1/2 of the trade before reaching the ultimate TP? - Well perhaps she does not want to close them off manually at all, or perhaps she does not know how to close off 1/2 of a trade on her platform.

Why not entering all possible trades? - Well remember she has a job, so she can only trade in her breaks.

No transparency? - Well she is a woman, what do you expect!

Ian
  • #538
  • Jul 14, 2009 12:59pm Jul 14, 2009 12:59pm
Quoting tex
Please read more carefully. She uses the (her) TRIX only, BUT in slightly another way u are using it.
I prefer to hear from TG herself and let her explain with examples of images her trades. NOT CUT/ PASTE SOME ARROWS FROM ANOTHER CHART and show zoomed charts only. Show all.

She has to date comfirmed that her TRIX is the same as Sm ULTRA TRIX set at 3, eee,C for M5 and 4,EEE,C for H1 TF charts.

I am asking for her charts with these settings to see for myself what really are the differences if any.

So, far I have indicated I am questioning whether her good results are due to automation as the little arrows and MM on statement provided are leaning toward this question. However, she seems to indicate manual trading. I would like to clear up the discepancy with her not you.

TG is an intelligent adult scientist and capable of answering herself

Thanks
  • #539
  • Jul 14, 2009 1:04pm Jul 14, 2009 1:04pm
How does one change the smSuper Trix to 3,E,E,E,C?

Thanks
  • #540
  • Jul 14, 2009 1:06pm Jul 14, 2009 1:06pm
Quoting globalinvest
I personally do not feel quite experienced enough yet to trade every pair on 5min...... (except for gbp/usd due to nice moves and low spread on fxpro)

Is anyone using this strategy successfully on the 15min charts or higher ?
It works very well at any TF but I am afraid we should not discuss it here. This one is dedicated to M5 scalping at the moment
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