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C4 Scalping

  • #761
  • Jul 15, 2009 10:20am Jul 15, 2009 10:20am
Ozzie, I don't see a paperclip at the top right side of my page.
Quoting ozziedave
All indicators on my chart are found in the thread..use the paper clip on the top right side of the page.
  • #762
  • Jul 15, 2009 10:20am Jul 15, 2009 10:20am
Quoting Edgetrader
Just a quick note here as to a previous posting of yours today. Was going to PM you on it but it is not sensitive in retrospect.

I did not mean to infer that I was trying to single you out in any manner.
Was just taking excerpts of postings a throwing together some general observations.

I am trying not to be bias against anyone or anything here and just trying to keep some objectivity in this tornado of a thread.

Humble apologies for any offense taken as that was never my intent. Your long list of posting contribution to the FF speaks for...
Thanks EDGE for the response.

I recognised a true mature trader by your postings in FF too and have mutual respect thus decided to contribute to your thread.

If you decide to allow this simple yet powerful strategy to encompass all styles of traders, day traders,swing traders,position traders etc....
I am be very happy to contribute further.

Worth seeing the dashboards of swingman's if you have not already. Links I have posted already today on this thread .

I see potential and growth beyond belief. Of course Swingman needs to agree to spread his magic too again .
Thanks
  • #763
  • Jul 15, 2009 10:21am Jul 15, 2009 10:21am
Here are my afternoon session trades. Not good, big mistake was moving SL up too early on EJ trade - but then we are supposed to be scalping rather than doing longer term trades.
I also took trade I would not have taken live - testing out how it is if I take all signals I see.

On a positive note, I did at least one trade on each of the 4 currency pairs and I had 2 trades open at the same time.
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  • #764
  • Jul 15, 2009 10:24am Jul 15, 2009 10:24am
Quoting ozziedave
You could take that signal and in this case it would have gotten you 10 pips.
Well, As showing on your pic there after a short "confirmed" by 15 min TF
trade went against it about 12-14 pips.. Would you
still be holding that short? What I do lately is just trading on the
SHORT site against the DOLLAR.. Cause any Dollar "BUY" signals here
dying in the 3-5 minutes. I can average down Dollar short no problem
but Dollar LONG is very risky.. Next time you know this thing will drop
to $1.50/EURO in no time..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #765
  • Jul 15, 2009 10:25am Jul 15, 2009 10:25am
I have a simple qestion: For original c4 rules as a signal to buy (example) we take
PA croses above 12LWMA + signal from TRIX 3,E,E,E
or
New candle opens above 12 LWMA + signal from TRIX 3,E,E,E
becouse I'm still not sure if im doing right...
Thanks, and I guess ill not get event a brown star for today trading ;p
  • #766
  • Jul 15, 2009 10:26am Jul 15, 2009 10:26am
Quoting mary4x
Ozzie, I don't see a paperclip at the top right side of my page.
Hi Mary...

Top left of the page where you see the page numbers...look to the right side you will see a number and a small paper clip. Click on the paper clip and all indicators and pictures posted on the thread will appear.
  • #767
  • Jul 15, 2009 10:30am Jul 15, 2009 10:30am
Hi.

Original TRIX Settings are : 3,M,M,E,C



Quoting gutek04
I have a simple qestion: For original c4 rules as a signal to buy (example) we take
PA croses above 12LWMA + signal from TRIX 3,E,E,E
or
New candle opens above 12 LWMA + signal from TRIX 3,E,E,E
becouse I'm still not sure if im doing right...
Thanks, and I guess ill not get event a brown star for today trading ;p
  • #768
  • Jul 15, 2009 10:32am Jul 15, 2009 10:32am
[quote=SkyzerFX;28760Well, As showing on your pic there after a short "confirmed" by 15 min TF
trade went against it about 12-14s.. Would you
still be holding that short? What I do lately is just trading on the
SHORT site against the DOLLAR.. Cause any Dollar "BUY" signals here
dying in the 3-5 minutes. I can average down Dollar short no problem
but Dollar LONG is very risky.. Next time you know this thing will drop
to $1.50/EURO in no time.. [/quote]

Because I still consider this a counter trend trade i would have been happy to take 10 pips and be out. The 30M Trix is still showing an up trend. I wouldn't be to comfortable taking short trades for many pips until the 30M Trix is showing a down trend. It's just the way I like to trade.
  • #769
  • Jul 15, 2009 10:35am Jul 15, 2009 10:35am
Quoting gutek04
I have a simple qestion: For original c4 rules as a signal to buy (example) we take
PA croses above 12LWMA + signal from TRIX 3,E,E,E
or
New candle opens above 12 LWMA + signal from TRIX 3,E,E,E
becouse I'm still not sure if im doing right...
Thanks, and I guess ill not get event a brown star for today trading ;p
Hi,
Perhaps you meant to write this:

For original c4 rules as a signal to buy (example) we take
PA crosses 12LWMA(weighted Close) and closes on that side of it {=primer} + signal from TRIX 3,M,M,E,C (standard MT4 Trix) or Trix 3,E,E,E,C (true Trix) {= detonator}.
Alternative Primer is Trend Magic colour change.
Alternative detonator is Colour_Ventana {= 12LWMA (weighted close)} colour change.

Obviously if you use the LWMA for the primer, then don't use the Ventana for the detonator.

I hope this clarifies (rather than complicates).

Ian
  • #770
  • Jul 15, 2009 10:48am Jul 15, 2009 10:48am
Out of hours trade but still 10 nice pips

Nick
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  • #771
  • Jul 15, 2009 11:01am Jul 15, 2009 11:01am
Hey Nick,

why u took that long trade - the MTF 15 TRIX was below the zero line ?



Quoting Nick'em
Out of hours trade but still 10 nice pips

Nick
  • #772
  • Jul 15, 2009 11:06am Jul 15, 2009 11:06am
Quoting ianf0ster
Hi revrobwimb,
Ok so you played the zero line bounce on the Trix like with CCI , well done.

Now tell me why do you have two identical Trix's on your chart?
Since you are using the default values for the SuperUltra Trix ( the lower sub-window), it is identical to that of the oler smtrix in the higher sub-window. So why not save some space and only use one of them?

Ian
Because earlier in the thread Edge recommended it so I threw it up on the chart and didn't take the other one off. There you go.

revrobwimb
  • #773
  • Jul 15, 2009 11:13am Jul 15, 2009 11:13am
Hey, I'm looking to make my first trades but I'm not up to par with my knowledge on Trix, which seems to be the suggested indicator. So I'm doing my research and will place a trade today for sure. I want to help those who may be like me and not up to par with Trix, so I've attached a link that I'm reading to learn more about it.

http://www.investopedia.com/articles/technical/02/092402.asp
  • #774
  • Jul 15, 2009 11:16am Jul 15, 2009 11:16am
Edge today was indeed a day when your money management of -4% +2% would have saved your account to survive and trade another day!!!!!!

Todays trades were between 1100 and 1415 GMT.

Some entries were delayed untill after reports release.

Green verticle lines = Win +10

Red Verticle lines = losers up to -20

pink Arrows = examples of trade going against you and penetrating or closing above or below the 12 WMA.

QUESTION ? Edge do you wait for the price bar to close above / below the WMA befor you exit a losing trade?


Or do you have your finger on the Hot button and exit instantly in real time as soon as price action penetrates the WMA ?


Or do you depend upon the Laws of probabillity of your system," your edge so to speak" and your -4% +2 % Money management, and just let the trade run win or loose untill your stopped out or profit target is hit or you exit on a signal change?


Thanks
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  • #775
  • Jul 15, 2009 11:17am Jul 15, 2009 11:17am
+10 GU. 1 Primer + 1 Detonator = +10 after hours pips

Primer - PA below 12lwma
Detonator - Sm Trix

(PLEASE IGNORE SHI CHANNEL AND DEMARK LINES.. I FORGOT TO REMOVE THEM..)

revrobwimb
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  • #776
  • Jul 15, 2009 11:17am Jul 15, 2009 11:17am
Quoting Nick'em
Out of hours trade but still 10 nice pips

Nick

Nick,

which indi are you using to get the ATR in the upper left corner

thanks
Greg
  • #777
  • Jul 15, 2009 11:17am Jul 15, 2009 11:17am
Just using the 5 minute Trix it was good to use the MME setting to get less false signals. Now that people are using the 15m Trix to confirm, it might be better to use the EEE setting to get faster signals.
  • #778
  • Jul 15, 2009 11:26am Jul 15, 2009 11:26am
Quoting ianf0ster
Hi,
Perhaps you meant to write this:

For original c4 rules as a signal to buy (example) we take
PA crosses 12LWMA(weighted Close) and closes on that side of it {=primer} + signal from TRIX 3,M,M,E,C (standard...
Ok than the primer is close of a candle above 12 LWMA (for buy ofcourse). Thanks! Bu the way for renko users - set TRIX peroid 4 or 5 than You will get the same signals as on normal candle chart.
  • #779
  • Jul 15, 2009 11:27am Jul 15, 2009 11:27am
Folks, for the balance of this week, I think it best that each one of you decide how you are going to trade this plan.

Aggressive - take EVERY signal and gain proficiency is just trading the signals as they present themselves. You will also be able to ascertain which primer and detonator you feel works best for your trading psyche. Try to really get targeted on your initial trading during a session. If in demo, you should trade at 1 standard lot for simplicity. If live, that is obviously your call as to your wagers.

Conservative - take every trade with 15m confirmation of direction. 30m is a bit too high for this plan. Just keep trading each signal you get until it becomes BORING. This need not and should not be an adrenaline rush. It should be a methodical approach to a simple plan.

One note here, YOU CANNOT HAVE ENOUGH TRIX CONFIRMATION ON A TRADE!!!! If you have 5 different trix indi's on your chart, it is FINE!!! It is going to become more valuable as next week unfolds. Focus on those little M80 pops for now.

You currently have 75% of the pairs suggested offering some pip explosions at +10 levels. Better PA right now is (imho) making up for earlier slapping around we got.

Regards.
  • #780
  • Jul 15, 2009 11:29am Jul 15, 2009 11:29am
Quoting tex
Hey Nick,

why u took that long trade - the MTF 15 TRIX was below the zero line ?
15min trix - yes below zero but rising and plenty of depth in the previous 5min trix lobe. I only put on the 15min trix earlier today so I am still checking it out.

Maybe I was just lucky

Nick
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