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C4 Scalping

  • #661
  • Jul 15, 2009 4:43am Jul 15, 2009 4:43am
I put swingman ultra super trix and nothing ? i change color and nothing whats happend
thanks
  • #662
  • Jul 15, 2009 4:49am Jul 15, 2009 4:49am
It's hard sometimes to get +10
But eventually Euro made it (was a buy)

I use the Coral from the THV thread for the trend together with the ToR and if price is above I only go long...
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"The only successful substitute for brains is silence."
  • #663
  • Jul 15, 2009 4:52am Jul 15, 2009 4:52am
I see you don't accept PMs or email.
So I left a message for you here http://www.forexfactory.com/showthread.php?p=2875024#post2875024
  • #664
  • Jul 15, 2009 5:12am Jul 15, 2009 5:12am
Quoting Indrek
I added one more Trix to my template, and now I see it for M5, M15 and 1H at my chart. I take only the trades where M5 and M15 match. If they match with 1H too then I try to swing trade the position, if not then catch 10 pips only.
I think it is one of best confirmation systems that exist
I think it is one of best ideas that exist.

What we need is an indicator like HG0001 with TFs M5, M15, H1, and H4, but this in the next weeks when Edge aprove us to use such an indicator...
  • #665
  • Jul 15, 2009 5:12am Jul 15, 2009 5:12am
Quoting lrathi
I agree. Trading is MM and mindset and PA .Few basic indicators as tools which are all available and used and tried. New names to OLD indicators seems to impressive newbies and wannabees. Any new person on the block who can offer this service seems to get alot of followers overnight!

Oldies like myself have witness this time and again.

Some alerts added are useful and visual aids like colour change make the old inidcators easier to use.

Multicurrency Dashboards to monitor several currencies at one time is also useful. Swingman is one of the...
Yeah, I agree. It must be tough for you as an experienced "oldie" trader to see a 6-week newbie come along and out-trade the forum.

You have my sympathy.

CB
  • #666
  • Jul 15, 2009 5:18am Jul 15, 2009 5:18am
Quoting lrathi
...is there room for a "MAGIC BOY" dashboard with this strategy?
I think not. For the 5 minutes trading time frame and with 4 to 8 pairs, is better to have live the charts and signals.
  • #667
  • Jul 15, 2009 5:49am Jul 15, 2009 5:49am
Flat market ...
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Audaces fortuna iuvat !
  • #668
  • Jul 15, 2009 5:51am Jul 15, 2009 5:51am
Quoting SwingMan
I think it is one of best ideas that exist.

What we need is an indicator like HG0001 with TFs M5, M15, H1, and H4, but this in the next weeks when Edge aprove us to use such an indicator...
You mean something instead of LWMA that would not be just a duplicate of Trix signals? NICE!
  • #669
  • Jul 15, 2009 5:54am Jul 15, 2009 5:54am
what i can see it is to many wipsaws on the 5 minutes better on 1 hour


i try this looks good Eur/usd 15mins chart using only smtrix with the settings that are recomended in post 1#

i then take long position when the first green trix apear and the verry same bar must have a higher high and a higher low then the previous candle try it out.

best regards
  • #670
  • Jul 15, 2009 5:57am Jul 15, 2009 5:57am
Quoting SwingMan
I think not. For the 5 minutes trading time frame and with 4 to 8 pairs, is better to have live the charts and signals.

I can't see on screen your indi swingman ultrasuper trix
?
  • #671
  • Jul 15, 2009 6:00am Jul 15, 2009 6:00am
Quoting chojnak
Flat market ...
its only 11 gmt now so if following the very SIMPLE rules you would not have to worry about this chop
  • #672
  • Jul 15, 2009 6:05am Jul 15, 2009 6:05am
For anyone interested, my demo trades this morning. (My live trading is longer TF and with different broker.)
I was late in entry and once exited too early, also forgot to stop at 08:30 - distracted by FF threads (thats what happens when I demo trade).
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  • #673
  • Jul 15, 2009 6:11am Jul 15, 2009 6:11am
Quoting bags1
its only 11 gmt now so if following the very SIMPLE rules you would not have to worry about this chop
Many people will trade this system during the London open and then again during the New York open and there are times when you will have choppy price action no matter what time of day it is. This will cause some false signals. To date I am not aware of any system or method that only gives you valid signals that turn into winners every time. This is just part of trading and every one comes up with some way to try and filter out the false signals during choppy times. I think it's a matter of personal preference what filter you use to identify the choppy markets. Again, choppy market conditions can happen at any time of the day so trading during a certain time does not eliminate them it just reduces them due to the additional volatility in the market.
  • #674
  • Jul 15, 2009 6:13am Jul 15, 2009 6:13am
And another +10 on EURUSD

MTF Trix 1H up, Trix up, PA above Coral and PA above 12 LWMA... all good.

(And before some sweet a.. is making comments: NO, this is not my main life account I have this micro account to test systems and to be comfortable with. I hate Demo Accounts!)
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"The only successful substitute for brains is silence."
  • #675
  • Jul 15, 2009 6:32am Jul 15, 2009 6:32am
DX Trade,

Just for education: why you didn't trade long for this situation ?
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Audaces fortuna iuvat !
  • #676
  • Jul 15, 2009 6:35am Jul 15, 2009 6:35am
Quoting DXTrade
And another +10 on EURUSD

MTF Trix 1H up, Trix up, PA above Coral and PA above 12 LWMA... all good.

(And before some sweet a.. is making comments: NO, this is not my main life account I have this micro account to test systems and to be comfortable with. I hate Demo Accounts!)
Well done DXT,
I didn't take this( wish I had), because on my chart the Trix did not go down enough before it. So it would have been a re-entry (had I entered the previous - but did not because it was before 11GMT) ... if you know what I mean.

Ian
  • #677
  • Jul 15, 2009 6:46am Jul 15, 2009 6:46am
Quoting chojnak
DX Trade,

Just for education: why you didn't trade long for this situation ?
I did... see my post: http://www.forexfactory.com/showpost.php?p=2875029&postcount=662

And below 3 times +10 on cable and 3 times +10 on EJ... done for the day
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"The only successful substitute for brains is silence."
  • #678
  • Edited 7:09am Jul 15, 2009 6:59am | Edited 7:09am
I have two trades open - long EU and long AU, both entered at 9.05 GMT.
One of the most difficult things for me is setting the proper SL. It should be at least 30 pips for pairs like EU and AU if to trade from M5 chart. But I always have the temptation to be very "safe" and make it too small.

I have now set the SL for both pairs to BE as they are over +30 pips already.
Thinking right now what could be the proper target... For EU I might try 1.4130, I guess. And I will exit AU around monthly pivot that is at 0.8038. So, maximum for these two trades would be 75+50=125 pips.

And I certainly will try to take one EJ trade also today. As promised - one trade per pair daily
  • #679
  • Edited 7:03am Jul 15, 2009 6:59am | Edited 7:03am
DXTrade,

All right, I just miss your post But, in fact, it was not a good signal for 10 pips profit. I think to run TrailingStopEA with trailing 5 pips to quick place stop loss on BE - just for safety (safety of the capital is a primary goal for me, im still working on my MM rules. Unfortunately, im not pleased with my actual MM).

Many pips, J.

45Fxguy (http://www.forexfactory.com/member.php?u=100169),

Another indicator than Trix to avoid false signals on flat market? Why not, let's try.
J.
Audaces fortuna iuvat !
  • #680
  • Jul 15, 2009 7:02am Jul 15, 2009 7:02am
my 2 trades so far today. I know they were outside the time range but the signals were there.
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