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C4 Scalping

  • #1,141
  • Jul 17, 2009 4:06am Jul 17, 2009 4:06am
Quoting Syahmi
Chart shots...

Yesterday... managed to get more than 100 pips (micro lots) .. mini lots 1000 pips..

But demo account only.....

Using 12WMA crossing with 29 Kijun/Tenkan... and below or above Ichimoku clouds..

Of course need confirmation from smTrix 5min and smTrix 15min below...

Thanks Edge...... appreciate a lot.....
Is it possible to remove from your chart indicators other than the main Primer you are using. I think it is the K/T.
Trigger is TRIX? yes.. Please just add the trix and MTF TRIX tochart.

Label your entry and exit signals.

Also please attach the KT indicator in use with settings.

Many thanks
  • #1,142
  • Jul 17, 2009 4:31am Jul 17, 2009 4:31am
Quoting Syahmi
Chart shots...

Yesterday... managed to get more than 100 pips (micro lots) .. mini lots 1000 pips..

But demo account only.....

Using 12WMA crossing with 29 Kijun/Tenkan... and below or above Ichimoku clouds..

Of course need confirmation from smTrix 5min and smTrix 15min below...

Thanks Edge...... appreciate a lot.....
Hi,

maybe you are so kind to post your template?
  • #1,143
  • Jul 17, 2009 4:47am Jul 17, 2009 4:47am
Quoting Syahmi
Chart shots...

Yesterday... managed to get more than 100 pips (micro lots) .. mini lots 1000 pips..

But demo account only.....

Using 12WMA crossing with 29 Kijun/Tenkan... and below or above Ichimoku clouds..

Of course need confirmation from smTrix 5min and smTrix 15min below...

Thanks Edge...... appreciate a lot.....
Hi there,

would you mind posting your ichimoku settings?

Thanks a lot...
"The only successful substitute for brains is silence."
  • #1,144
  • Jul 17, 2009 5:35am Jul 17, 2009 5:35am
Yes please post your template so it will have your settings and any alarm if you have on your template setup so those interested can check it out

thanks

Brian

Quoting Syahmi
Chart shots...

Yesterday... managed to get more than 100 pips (micro lots) .. mini lots 1000 pips..

But demo account only.....

Using 12WMA crossing with 29 Kijun/Tenkan... and below or above Ichimoku clouds..

Of course need confirmation from smTrix 5min and smTrix 15min below...

Thanks Edge...... appreciate a lot.....


For those interested to look into this..

Settings : Ichimoku clouds - default 9,26,52

Settings : Kijun/Tenkan - 9,29,3,9
  • #1,145
  • Jul 17, 2009 5:48am Jul 17, 2009 5:48am
I am using this on the 1H time frame and loving it. Thanks again to Edge, Tudorgirl, Swingman, Irathi et al for all your contributions. I just might figure out how to trade after all.

I use the Trix with Tudorgirl's recommended settings with Swingman's Trix MTF set for 4 hours for confirmation. I use the DMI to filter out bad trades. on the GU I can usually set TP for 3 x ATR. This picked up 67 pips today.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 7_17.jpg Size: 213 KB
  • #1,146
  • Jul 17, 2009 6:13am Jul 17, 2009 6:13am
Quoting pgpb
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
Hi PG

I am genuinely flattered! But this is not a competition to see who can make the most pips!! Edge's "less is more" philosophy teaches us that the pip-count is not important. It is reaching your own goals that matter. Some folk go for just +10pips a day. Others want hundreds.

This is about finding yourself and your own "comfort zone" as a trader. I use the M5 (as that is where Edge started us off) but I also like the H1. My personal preference is for an EA since I have a busy life and would rather spend it in other ways than watching a little green line tick up and down. Edge is often done in 2 hours a day, then he does his own thing.

My personal goal is 100 pips a day on 0.2 lot on my £10K account. That is prudent MM and a realistic goal. It is 2% a day growth if I achieve it.

I view trading as a means to an end. Sure, I am interested in the markets and their behaviour. I have spent a long time analysing them and I would put my success down to that deeper understanding. But there are much, much more important things to do as well!

Anne
  • #1,147
  • Edited 6:24am Jul 17, 2009 6:18am | Edited 6:24am
Fellow traders,

As you know it I have obsession [ ] to reduce the false signals in C4 strategy. Im poor in MM, so less false signals means better trading for me and tranquility for my account.

So, I developed some kind of idea, maybe you'll find it usefull:


Candlesticks timeframe: 5 minutes.
Trix MTF at 15 minutes, settings: Trix period 3, 3 x exponential.
EMA 200 (white line) - exponential, close.

KinoT3ma ribbon: ma1 period 12, ma2 period 15.

For safe signal.
Go short if you have:
Trix signal at MTF 15 for short.
The PA is below EMA 200.
And important: Kino ribbon is going to change from uptrend to downtrend (not crossing but almost crossing - the bands are going narrowly).
And the "open trade" candle can't be too high (pullback!).

Go long:
Vice versa short signals.

You'll have less number of signals but more certain.

It's just an idea. Try yourself. If you have better ideas and modifications - you're always welcome.

PS. As always sorry for my poor english
Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 28 KB
Audaces fortuna iuvat !
  • #1,148
  • Jul 17, 2009 6:19am Jul 17, 2009 6:19am
Quoting Kyote
I've been in the game since 2005 and your Price Action RED Star TP is like a magic wand. Used it to bag nice pips short on EU,EJ, UJ in Asia session. Would like to learn more about this indy. The hardest thing in forex is to know how far to run with a winner. Red Star is right on the money. Thank you.

Hey Kyote,

Literally a humbling indi...insanely accurate...insanely "smart"...
In the wrong hands, someone/something could possibly take over the world!

My Best
  • #1,149
  • Jul 17, 2009 6:21am Jul 17, 2009 6:21am
Quoting Dewey McG
I am using this on the 1H time frame and loving it. Thanks again to Edge, Tudorgirl, Swingman, Irathi et al for all your contributions. I just might figure out how to trade after all.

I use the Trix with Tudorgirl's recommended settings with Swingman's Trix MTF set for 4 hours for confirmation. I use the DMI to filter out bad trades. on the GU I can usually set TP for 3 x ATR. This picked up 67 pips today.
In fact, you used DMI as a trigger not Trix?
Have you compared if DMI is much better than ADX?
  • #1,150
  • Jul 17, 2009 6:32am Jul 17, 2009 6:32am
Quoting DXTrade
Hi there,

would you mind posting your ichimoku settings?

Thanks a lot...
Think she already did, look again at her last post, "Settings : Ichimoku clouds - default 9,26,52".
  • #1,151
  • Jul 17, 2009 6:33am Jul 17, 2009 6:33am
I have my four charts up and my C4 in hand. Ready to blow some pips up!
  • #1,152
  • Jul 17, 2009 6:38am Jul 17, 2009 6:38am
200ema is very powerful across all time frames, and if you want to be successful , then go with the direction of the 200 ema and not against it, 90% of the time you will do good.

In a downtrend wait for price to come to 200ema and short it and in uptrend wait for a touch of 200ema and go long ,

have good MM and you can win too in this battle between david and goliath

Quoting chojnak
Fellow traders,

As you know it I have obsession [ ] to reduce the false signals in C4 strategy. Im poor in MM, so less false signals means better trading for me and tranquility for my account.

So, I developed some kind of idea, maybe you'll find it usefull:


Candlesticks timeframe:...
Trend is your friend...
  • #1,153
  • Jul 17, 2009 6:46am Jul 17, 2009 6:46am
Hey Jason can you explain how you close your trade,does the star pop up before or after the candle close?.Thanks
Quoting jacson101
Hey Kyote,

Literally a humbling indi...insanely accurate...insanely "smart"...
In the wrong hands, someone/something could possibly take over the world!

My Best
  • #1,154
  • Jul 17, 2009 6:50am Jul 17, 2009 6:50am
Quoting jacson101
Hey Kyote,

Literally a humbling indi...insanely accurate...insanely "smart"...
In the wrong hands, someone/something could possibly take over the world!

My Best
Could anybody explain in a very simple way how to use the PA indicator? There was an explanation but I seem to be too stupid to understand...
  • #1,155
  • Jul 17, 2009 6:51am Jul 17, 2009 6:51am
Quoting golden1
Yes please post your template so it will have your settings and any alarm if you have on your template setup so those interested can check it out

thanks

Brian
Her charts make me dizzy ....
******************* I'd rather make money than be right.
  • #1,156
  • Jul 17, 2009 6:52am Jul 17, 2009 6:52am
Quoting chojnak
.
......
For safe signal.
Go short if you have:
Trix signal at MTF 15 for short.
The PA is below EMA 200.
And important: Kino ribbon is going to change from uptrend to downtrend (not crossing but almost crossing - the bands are going narrowly).
And the "open trade" candle can't be too high (pullback!).

Go long:
Vice versa short signals.
........

Not sure I quite agree with this. If PA is below the 200 EMA then you can still take a long trade, especially if the PA is a long way below. Think of PA being on a piece of elastic attached to the 200 EMA - if it gets too far away then the elastic snaps it back towards the 200 EMA. This is noticeable in times when there is high volatility and volume - such as the times when 'Edge' has set for trading the system.

Your screenshot shows an excellent trade - but note that although price is below the 200EMA it is only just below it, giving it space to move into.

What I tend to look at is the distance between the 12WMA and the 200 EMA. If the 12WMA is way below the 200EMA then I am not going to take a short trade, I will be favouring long trades to bring price back towards the 200 EMA. Vice Versa if the 12WMA is way above the 200 EMA. Take a look at the charts and see how many times this happens during London/New York sessions when there is volatility.

Just my 2p's worth
  • #1,157
  • Jul 17, 2009 6:55am Jul 17, 2009 6:55am
Quoting Indrek
Could anybody explain in a very simple way how to use the PA indicator? There was an explanation but I seem to be too stupid to understand...
Me too ... I am not clear how to use this effectively after observing it for awhile on the 5 min and 15 min chart. It seems it would be more effective on higher timeframes?
Could someone provide more explanation .. I certainly like the concept and it is a 'clean' indicator that does not clutter the charts
******************* I'd rather make money than be right.
  • #1,158
  • Jul 17, 2009 6:59am Jul 17, 2009 6:59am
For example on AU 5 min chart, at 10:30 GMT a red star appeared .. since then the pair is trending down. Does this mean that if the pair signals an upward move again, the target would be the high of that bar?


Quoting 4xStar
Me too ... I am not clear how to use this effectively after observing it for awhile on the 5 min and 15 min chart. It seems it would be more effective on higher timeframes?
Could someone provide more explanation .. I certainly like the concept and it is a 'clean' indicator that does not clutter the charts
******************* I'd rather make money than be right.
  • #1,159
  • Jul 17, 2009 6:59am Jul 17, 2009 6:59am
JillyB (http://www.forexfactory.com/member.php?u=18726),

Well, you're right: the distance among EMA200 and EMA12 is important too.
Audaces fortuna iuvat !
  • #1,160
  • Jul 17, 2009 7:02am Jul 17, 2009 7:02am
Quoting stunna29
Hey Jason can you explain how you close your trade,does the star pop up before or after the candle close?.Thanks
Hey,
It works really, really well with Edge's C4, thus my postings here.
I'm not sure what you mean by closing your trade?
Once I get an explosion indication, I target my little unresolved red stars.
Simple as that!

Stars appear only after a completed bar, meaning our little stars are set in stone!

Best,
J
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