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C4 Scalping

  • #621
  • Jul 14, 2009 11:51pm Jul 14, 2009 11:51pm
Hi All,

How does one go about finding the brokers GMT setting?
  • #622
  • Jul 15, 2009 12:11am Jul 15, 2009 12:11am
Quoting ranger
I was trying to protect the integrity of the people on here douche bag if you dont like it, leave! Hence another wannabe trader whining.
Ha ha ha ha ha

very funny
  • #623
  • Jul 15, 2009 12:37am Jul 15, 2009 12:37am
Quoting Bam Bam
Just a thought but maybe just trading in the direction of the 1H TRIX may help. It could prevent alot of those false signals on the M5 and get you in early on the good ones.
As SwingMan suggested, it is better to trade in the direction of M15 as 1H is too far away.
  • #624
  • Jul 15, 2009 1:10am Jul 15, 2009 1:10am
Started looking at 5.30 GMT and did not have to wait long for the first winner of the day. All of the other 3 pairs we are looking at show entrys around the same time!
Attached Image (click to enlarge)
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  • #625
  • Jul 15, 2009 1:12am Jul 15, 2009 1:12am
Quoting paradoxical
Just an observation that may be of help to some others who are wondering what the difference is between the settings on the fabulous trix indicator made by Swingman, and the different settings that TG brought up. For the person who asked how to change them, you have to open the indicator, and change it that way. Please PM me if you need help.

This is a half hour chart. Note the changed trix gives signals either the same, or a bar or even two earlier. In my manual checking of whether or not these earlier indications were better, I find that they...
Hi paradoxical,
Yes 3 EEE,C Trix is faster, but from my reading of your chart (more difficult to see actual price because of HA candles) there are also 2 bad signals.
So as I said in one of my first posts yesterday, it is a trade-off using 3 EEEC Trix rather than the default MT4 version.

Ian
  • #626
  • Jul 15, 2009 1:13am Jul 15, 2009 1:13am
Quoting golden1
Would you just be able to make your smSuperTrix so its optional at least that the alarm goes off only at the close of the candle? So there would be no alert till the trix
cross is confirmed by close of candle?

I would appreciate if possible.. much easier to use
and multi-pair friendly.
Have you tried with the WaitingTime parameter?
Default is 2 minutes, but you can write also 4 or 4.5 minutes.
It must functioning and is the time from cross or change colour to current time. I haven't tested.
I think that in the charts of Edge he entry in and not after the signal bar.
Attached Image
  • #627
  • Edited 1:31am Jul 15, 2009 1:16am | Edited 1:31am
I know that I am a kind of heretic here but I still wanted to present one of my trades... Yesterday in the evening, right before going to sleep I had a look at my charts and there was a long signal for GU at M5. So, I took it, set a proper SL and by now it has produced ~100 pips. I know that I broke all the rules but, in fact, am not very sad about it either

P.S. Closed the position at 1.6393 at 6:22 GMT, only because I have to go away for some hours and there will be news today.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 63 KB
  • #628
  • Jul 15, 2009 1:27am Jul 15, 2009 1:27am
A nice early start just as the Asian session is getting under way. I use the smTrix with Tudorgirl's settings and the DMI/ADX to make sure the market is trending. 20 pips so far on the E/U and 10 each on the A/U and E/J

Thanks again to Edge, Tudorgirl, Swingman and everyone else who has contributed so much!
Attached Image (click to enlarge)
Click to Enlarge Name: 7_14 GU Early Trades.jpg Size: 207 KB
  • #629
  • Jul 15, 2009 1:27am Jul 15, 2009 1:27am
Quoting paradoxical
Yes. I agree. Would probably be even more pronounced on a 5 minute chart as far as "false" signals making you get in and out more often, costing you the spread. Perhaps the setting TG uses is better for only the one hour time frame? It's times like these I wish I was a math major.
Hi paradoxical,
Being a math major does not help in trading. In fact having any science based career or qualifications probably makes it harder - unless your speciality is Uncertainty Theory or Chaos Theory.
In most of science, experiments are repeatable, but not in trading.

Most indicators are based upon very simple mathematics and so you do not need a degree to understand the general principles. And those are all you need to know in order to make reasonable decisions as to how to choose and which settings to use for initial testing.
After that it is all down to what WORKS FOR YOU.

Ian
  • #630
  • Jul 15, 2009 1:33am Jul 15, 2009 1:33am
Hi guys...


that was an easy one today.
+50 because it went far to fast to stop at +10

MTF Trix at 15M went green, primer and trigger as well... and up it went!
Same for EU and EJ btw...
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 23 KB
"The only successful substitute for brains is silence."
  • #631
  • Jul 15, 2009 1:35am Jul 15, 2009 1:35am
Quoting Siuol
Hello people. I will be joining the party here. Here is my setup. I've been trading for 4 years but still unsuccessful. I'm hoping this will change very soon with some constant explosions.

I'm using all the same primers and detonators because I'm not that good trading yet to feel like I can see entries on multiple indicators.
Hi Siuol,
A humble suggestion:
You might want to try using the 12LWMA weighted close as your primer rather than TM, because the 12 LWMA is usually faster. However the TM is very good for showing consolidation times (flat line) when it is best to avoid trading.

But then I am still learning to scalp too.

Ian
  • #632
  • Jul 15, 2009 1:35am Jul 15, 2009 1:35am
Oh I have just been using the smsupertrix alone without the
scalper signals, ok I can try that and see how it works for me

Brian


Quoting SwingMan
Have you tried with the WaitingTime parameter?
Default is 2 minutes, but you can write also 4 or 4.5 minutes.
It must functioning and is the time from cross or change colour to current time. I haven't tested.
I think that in the charts of Edge he entry in and not after the signal bar.
Attached File(s)
File Type: ex4 smSuper TRIX_v1.ex4   11 KB | 722 downloads
  • #633
  • Jul 15, 2009 1:38am Jul 15, 2009 1:38am
The early Euro session is looking good. EU long for +27. Looks like GU was a nice long also.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 140709 t1.gif Size: 26 KB
  • #634
  • Jul 15, 2009 1:40am Jul 15, 2009 1:40am
Great thread so far
I too get annoyed at the false breakouts. Tried many indicators...tweaked many settings...you know something...trend lines are the best indication by far. Weather it be a consolidiation pattern or a change in direction
...And as also mentioned in an earlier post, divergence with price and TRIX peaks n troughs...
Attached Image(s) (click to enlarge)
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where thought goes energy flows
  • #635
  • Jul 15, 2009 1:40am Jul 15, 2009 1:40am
All 4 were obvious winners. My buy and sell arrows don't show on the charts because I use oanda for my execution.
Attached Image (click to enlarge)
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  • #636
  • Jul 15, 2009 1:42am Jul 15, 2009 1:42am
Quoting Indrek
I know that I am a kind of heretic here but I still wanted to present one of my trades... Yesterday in the evening, right before going to sleep I had a look at my charts and there was a long signal for GU at M5. So, I took it, set a proper SL and by now it has produced ~100 pips. I know that I broke all the rules but, in fact, am not very sad about it either

P.S. Closed the position at 1.6393 at 6:22 GMT, only because I have to go away for some hours and there will be news today.
Indrek, if you are going to break the rules ...
............................................................the with a 100pip win is a good way to do it.

Just beware of overconfidence.

Well done,
Ian
  • #637
  • Jul 15, 2009 1:45am Jul 15, 2009 1:45am
Quoting ianf0ster
Indrek, if you are going to break the rules ...
............................................................the with a 100pip win is a good way to do it.

Just beware of overconfidence.

Well done,
Ian
Thanks. I am a swing trader by my nature, so it is almost impossible for me to quit at +10 pips It would be a clear underconfidence
  • #638
  • Jul 15, 2009 1:48am Jul 15, 2009 1:48am
Here is another EU long on the pullback and re-entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 140709 t2.gif Size: 23 KB
  • #639
  • Edited 6:00am Jul 15, 2009 1:59am | Edited 6:00am
Looks like most of us took one or more of this move

Well done!

Btw... if someone is interested... I attached an Indicator which I made for my own use. Maybe it's useful for you guys! (no worries, not a new entry/exit miracle )

Uli

Indicator Updated...
Attached File(s)
File Type: ex4 DXTrade Info v1.8.ex4   6 KB | 667 downloads
"The only successful substitute for brains is silence."
  • #640
  • Jul 15, 2009 2:02am Jul 15, 2009 2:02am
Anne, there is only one word for your trading!!

freddi

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...
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