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C4 Scalping

  • #1,081
  • Jul 16, 2009 5:28pm Jul 16, 2009 5:28pm
Quoting Dm3554
Hi, 137. Do you have a link to a web page/site that has information on iZeroAlpha and its settings? Thanks, in anticipation.
hmm unfortunately i don't. in the inputs tab it says 'EMAPeriod' but i actually altered the code to use the LWMA. i wasn't sure how to change the input header.

the iZeroAlpha is essentially a derivative of what many use already - an MA that changes colour when it is on an upward slope, downward slope, or flat. the main advantage, and it is very significant, is that the iZero has an angle threshold that can be fine tuned thus allowing for optimization. i found that 0.3 was the best setting for the 144 LWMA and that this MA was the best fibo MA to use. 89 is slightly too fast and 233 is slightly too slow.

this setup, in tandem with fibo daily pivots, monthly pivots and weekly pivots, is a strong contender for one of the most consistent strategies i have become aware of. i would really like to make trading my career and i hope i am on the right path. only time will tell.

happy trading
change the future, not the past
  • #1,082
  • Jul 16, 2009 5:34pm Jul 16, 2009 5:34pm
Quoting cce
Just messing about with PA as I take care of more important things around the house.
Chocked up another +45 pips.
Very easy to see potential direction and pull the trigger...
if I'm wrong, then just kill the trade to minimize damage.
Good trades to all.
Cliff
Nice results there. I just want to know do you watch some other TF's to guess the better trend direction ? because I can see you took only short trades today, but there was some long ones as well.
Thanks,
  • #1,083
  • Jul 16, 2009 5:34pm Jul 16, 2009 5:34pm
Quoting Edgetrader
Glad to add a bit of levity here and there.



Anyway, little woman away checking Nuclear crap with the NRC again. Left here to fend off all invaders by myself. Need to 'cowboy up' now or there may not be a later!

Back in the evening.

Regards.
Psst, Just hit the wires

...Latest round of N.Korean missile testing delayed...
Attached Image
  • #1,084
  • Jul 16, 2009 5:39pm Jul 16, 2009 5:39pm
Quoting gerry berard
Let me try again. Post #147 Early in the morning and I am not awake yet.
Thanks got it
  • #1,085
  • Jul 16, 2009 5:44pm Jul 16, 2009 5:44pm
Quoting roto7gl
Some quick pips this morning.
trading only with the 15 min trend and no trades inside the high and low moving avg.

usually getting the trix arrow first then waiting for a break of the hi or lo ma line to push the detonator

Attachment
Nice filter.

Also another observation is that The MA ventana crosses the zero line of TRIX indicator ABOVE /BELOW ,these give good signals (MAybe another good filter)?
  • #1,086
  • Jul 16, 2009 5:52pm Jul 16, 2009 5:52pm
Quoting chojnak
Divergence has a one but serious problem with low time frame (like 5m). When you know it's a divergence it's almost too late to trade it
Interesting.

Look for divergence from PEAk to PEAk on TRIX.

maybe confirm with 123 pattern
Attached Image (click to enlarge)
Click to Enlarge Name: m5 divergence.gif Size: 19 KB
  • #1,087
  • Jul 16, 2009 5:55pm Jul 16, 2009 5:55pm
tomykas,
Just the way things worked out today. Mostly ended up playing off the divergence on up trend market. Not that I have a preference for shorting the market. This system lends itself to either direction, I think.
Also, I no doubt try to do too many other things while I'm trading...
ADD maybe?
Still, I'm having fun with this on demo. I'll have to give live action a go next week.
!Ciao! for now.
Cliff

Quoting tomykas
Nice results there. I just want to know do you watch some other TF's to guess the better trend direction ? because I can see you took only short trades today, but there was some long ones as well.
Thanks,
I get exercise just pushing my luck
  • #1,088
  • Jul 16, 2009 6:01pm Jul 16, 2009 6:01pm
Quoting Indrek
Why should you leave your money at the market if you are a swing trader? I have the same attitude that if I enter a position for scalping and set a proper SL and then see that the position is going to run further - why in the hell should I close it? Yesterday I was absolutely honestly going to scalp but finally had only 4 trades and +353 pips profit...
This is the reason why I strongly believe a dashboard by swingman with C4 will enhance all styles of traders...Short term, medium term and long term traders.... Full time traders...part time traders whatever.

It is a great multicurrency and multitimeframe tool with the flexibility to cater for all traders.

The auto ranking of currency strength of all pairs offered by the boker used help decide which currencies to trade when multiple opportunites present themselves.

PARADISE to the trader all at one glance.
  • #1,089
  • Jul 16, 2009 6:03pm Jul 16, 2009 6:03pm
Quoting jacson101
Psst, Just hit the wires

...Latest round of N.Korean missile testing delayed...
Damn, I told her to make sure to keep some distance! Just had to rent the Mercedes. High maintenance gal!!!
  • #1,090
  • Jul 16, 2009 6:04pm Jul 16, 2009 6:04pm
Quoting Indrek
I am not struggling at all I absolutely deny the possibility of exiting a winning trade with 10 pips when trading live.
Right now, I have two positions running that I opened using the rules of this system. One from yesterday and the other from this morning.
I guess you are trading H1 charts?
  • #1,091
  • Jul 16, 2009 6:06pm Jul 16, 2009 6:06pm
Quoting TudorGirl
Yes - that is what Trix is. Any other setting is not Trix. It may seem pedantic to the uninformed, but if you look at the mathematics behind Trix (Triple Exponential - speaks for itself!) you will see precisely why EMA is needed. It is to do with quadratic extrapolation of the polynomial fit minimisation.

Trust me - all I have on my chart is 12WMA and Trix. No "vedanta", no stoch bars, no MTF QQE, no "Uncle Tom Cobley and All". All are "indicator envy", as Edge puts it. A complete and utter waste of your time.

I spent over...

sigh....I am plodding through this thread with great enjoyment, trying to catch up, but so far, I oscilate between being in love with Tudor Girl and being rather annoyed at her success.
today it is love
:-)
OK, I get annoyed by useless posts like this....but I could not resist

PGPB
  • #1,092
  • Jul 16, 2009 6:07pm Jul 16, 2009 6:07pm
Quoting 4xStar
Well I have spent the morning practicing pulling the trigger (detonator?) in my micro account. Only one margin call so far

I am with those that have to trade with real money, even if a very small amount. My micro has bounced from $35 yesterday to a low of $7 today.
This morning has been total whipsaws, some winners, many losers but with losers costing twice the pips of winners, the account gets depleted pretty quickly.

That said, the object of the game was to practice taking the signals quickly ... AND .. to figure out how to avoid the whipsaws....

Without some S&R on charts... traders are trading the long windy road in my opinion

200 MA is just magic in all TF's
  • #1,093
  • Jul 16, 2009 6:10pm Jul 16, 2009 6:10pm
Quoting Indrek
I agree with you. And the key issue (in fact, almost only important thing) is to know the trend. If you know that trend is up, for example, then it could not be clever to close your long scalping position after receiving a contrarian signal from any M5 indicators. Just wait a bit, let it go down for a while and most probably you still win after some time. Stop Loss should be set in a situation like this, of course, but not too tight. Maybe even 40-50 pips depending on the pair and situation at the market.

If you have a quick hand then...
This I call TRADERS DIScretion.... The real secret!
  • #1,094
  • Jul 16, 2009 6:10pm Jul 16, 2009 6:10pm
Quoting Indrek
I will not close the positions for the night (what I usually like to do) as targets will be reached for sure. (I believe )
Don't be so sure. Tomorrow Friday. DOW J was booming last 2 days.
I think we could see pool back tomorrow, which usually lead to
US Dollar strength. We'll see.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,095
  • Jul 16, 2009 6:16pm Jul 16, 2009 6:16pm
...and keeping your mind wrapped around 'simple'.

Attached is a chart that I made inspired by the postings of the guppy/fib indicators above. It reminded me of some charts a group of traders made some time ago when trading stocks .. and they worked quite well for those willing to .. wait... for the right entries.

Below on the chart there are no price bars or candles. Price is invisible to keep things uncluttered. The 3 Trixes are 5 min, 15 min and 40 min. Chart is 5m.
The ma's are the 2 guppy ones posted above plus 4 others I made from them using more fib numbers:
8, 13, 21, 34, 55, 89 .. and there is the 200 ema in red.

Look how all ma's are flat and tangled, and hugging a pivot line, trixes are flat .. then trixes start moving, then the price ma's untangle and fan upward. As soon as they are clearly separated, an entry there was good for a 60+ pip ride.
(This happened within Edge's trading time window)

Could it be much simpler than that?

Just playing around .. but ... maybe a reminder that since with forex we are dealing with so much mathematical probablilty (compared to stocks at least) it is just a question of waiting for the perfect setup to occur, which should happen at least once a day per pair.

Kind of like fishing .. is it better to stomp about in the water trying to find a fish to catch ... or sit quietly on the shore with baited hook, waiting for the right one to swim by.....
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.gif Size: 24 KB
******************* I'd rather make money than be right.
  • #1,096
  • Jul 16, 2009 6:23pm Jul 16, 2009 6:23pm
Quoting Yidrasil
A difficult day for me with the ranging, whipsaw markets. Many thanks to those who post charts - quite enlightening.

Looking at many of the different charts I'm struck by a common factor - namely how there are many primer/detonator combinations but only certain ones are taken. Perhaps this is an area we need to concentrate on to refine the process as the basic setup is fairly straightforward.

It would be interesting to hear from the more experienced traders why certain setups were either left or taken. Accepted, today's markets were tricky...

All mentioned before :


One Primer+one trigger is suffcient. Choose yourself after testing

Having this decision is place.....

Filters for higher probability trades

Divergence,
Higher Tf partcipation
S&R

BINGO! laughing to the bank

Trade M15,M30 decide EXIT 10pips too! increase your lot size. Use email alerts to SMA on mobiles.

Swingman dashboard in the future hopefully...Multicurrency...MutiTF synchrnocity..... Ranking by trendStrength..... email alerts and SMS signals.....
ALLOWS the secret too!...... TRADERS DISCRETION!

WOW! cant ask for more....
  • #1,097
  • Jul 16, 2009 6:30pm Jul 16, 2009 6:30pm
Quoting Edgetrader
I think this would be difficult. This plan has mechanical primers and detonators but has discretionary plunger pushing. There is simply no way without everyone running a carbon copy ea that the trades will match one another.

Also, it has further discretion as some trade it as set and some trade it based on a larger TF confirmation.

Naturally, you should feel free to ask a person who posts a trade if you are so inclined. However, I would ask to be left out of this at this time. I miss about as many trades as I take due to working my own trading...
IN SUMMARY: TRADERS DISCRETION coming up as the secret once again.

What strategy is totally mechanical? Robots and EA's the answer? Is is the point I am making

Thanks EDGE for this post!
  • #1,098
  • Jul 16, 2009 6:41pm Jul 16, 2009 6:41pm
Quoting SkyzerFX
While nothing is going on have a question.
I place a buy on EU then I was trying to place a SELL
and got 149 ("Hedge is prohibited")I'm with Interbank FX
don't get it why I cannot sell if I already have buy open position?
Try a broker outside US notunder NFA regulations but still under from BIGBROTHER watching over.

UK ,Australia,Swiss to name a few
  • #1,099
  • Jul 16, 2009 6:41pm Jul 16, 2009 6:41pm
Swingman made an "ULTRA SUPER MTF Trix"? I don't see it on the thumbnail attachments. Is that from this thread? Could you please post it? My MTF Trix for some reason stopped giving alerts. I like that chart you made, too.
Quoting 4xStar
...and keeping your mind wrapped around 'simple'.

Attached is a chart that I made inspired by the postings of the guppy/fib indicators above. It reminded me of some charts a group of traders made some time ago when trading stocks .. and they worked quite well for those willing to .. wait... for the right entries.

Below on the chart there are no price bars or candles. Price is invisible to keep things uncluttered. The 3 Trixes are 5 min, 15 min and 40 min. Chart is 5m.
The ma's are the 2 guppy ones posted above plus 4 others I made from them...
  • #1,100
  • Jul 16, 2009 6:45pm Jul 16, 2009 6:45pm
Quoting 4xStar
...and keeping your mind wrapped around 'simple'.

Attached is a chart that I made inspired by the postings of the guppy/fib indicators above. It reminded me of some charts a group of traders made some time ago when trading stocks .. and they worked quite well for those willing to .. wait... for the right entries.

Below on the chart there are no price bars or candles. Price is invisible to keep things uncluttered. The 3 Trixes are 5 min, 15 min and 40 min. Chart is 5m.
The ma's are the 2 guppy ones posted above plus 4 others I made from them...
Have you taken a look at other pairs with this visual 'Prof'?

Very good posting that hints at my own view that one 'must have total faith in their trading plan and trade with as little emothion as possible'.

May have mentioned this in a previous inspirational moment where I tend to get long winded and rant. Something about being akin to marriage vows.

Anyway, great observation gal.

Regards.
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