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C4 Scalping

  • #1,741
  • Jul 20, 2009 2:55pm Jul 20, 2009 2:55pm
Quoting Edgetrader
Here is a simple charts outlining why I think these are good pairs to start trading with.

Quite a bit of positive correlation present daily.

Strength begets strength and weakness begets weakness.



...if PA cooperates...

Regards.
...word on the street has it... yesterday's asian session PA was sovereign account related( not many accounts can move yen pairs 100 pips right of the bat).

Regards.
  • #1,742
  • Jul 20, 2009 2:57pm Jul 20, 2009 2:57pm
Quoting ianf0ster
TwoEleven,
My chart below - though I didn't take the trade.
If I had, I could have entered where the first red dotted line crosses the top solid red line and exited for +10 at the lower solid red line.

Even if I had not got out with profit b4 retrace, I should have got out at leaset on the candle marked by cross of second dotted red line and top red line for just the loss of the spread.
Note my Trix and smC4Scalper Candles are set to ema,ema,ema as are Edge's.

Ian
Thx Ian, is spot on.

Regards.
  • #1,743
  • Jul 20, 2009 2:58pm Jul 20, 2009 2:58pm
Quoting Edgetrader
As per page 1, settings are 8,3,6 and ventana is redundant so discarded.

Regards.
Hi Edge

Personally I prefer the ventana indicator and the 12 WMA for trading. Will it matter that I use these when you introduce the stronger explosives to us later in the week.

I use the 12WMA to allow price to pull back to it after it has crossed over before I enter the trade. Today I have just done a couple of trades due to work committments and not being at the pc. Here is one I took at 12.30pm BST.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.JPG Size: 85 KB
  • #1,744
  • Edited 3:03pm Jul 20, 2009 3:02pm | Edited 3:03pm
Quoting Tw0eleven
Hi Ian,

....................................................

Oh, now I'm thinking that since the MTF indi uses the 15min timeframe...perhaps that's why the signals come later. It's waiting for the 5min to line up with the 15min and since 3 5min bars = 15minutes...thus the lag. Someone correct me if I'm wrong?
Hi,
The signals on each indicator are independent of one another. The reason that the 15m is slower than the 5min is just because it takes an extra 10 min for the candle to close. SwingMan has implemented true MTF by having the 15m values show on your 5 m chart in groups of 3 since 15min divided by 5 min is 3.

The problem with trading is that either you have to be very fast (without confirmation) or slower but with good confirmation. Anything in between gets chopped to pieces. So decide if you want to wait for confirmation or not.
If you don't wait for confirmation then you need the Ema,Ema,Ema settings in your Trix.

Ian
  • #1,745
  • Jul 20, 2009 3:06pm Jul 20, 2009 3:06pm
Quoting JillyB
Hi Edge

Personally I prefer the ventana indicator and the 12 WMA for trading. Will it matter that I use these when you introduce the stronger explosives to us later in the week.

I use the 12WMA to allow price to pull back to it after it has crossed over before I enter the trade. Today I have just done a couple of trades due to work committments and not being at the pc. Here is one I took at 12.30pm BST.
Hi,
Be careful - because you are then using two differnt Price values for the same indicator, one as Primer and one as Denonator.

I do not think their is much/any security in that.
  • #1,746
  • Jul 20, 2009 3:07pm Jul 20, 2009 3:07pm
I'm trying to find a little indicator I've seen on some of the charts. If I knew its name, I'd do a search for it.

It places the wee sideways triangles on the candles showing the open and close of trades. When the trade goes to subsequent candles, the tiny triangles are connected by a dotted line.

If its on the attachments page, I don't know its name.

Would one of you please point me in the right direction?

I am most grateful,
Raymond
If nothing changes, nothing will change...
  • #1,747
  • Jul 20, 2009 3:14pm Jul 20, 2009 3:14pm
Quoting rnfuller102
I'm trying to find a little indicator I've seen on some of the charts. If I knew its name, I'd do a search for it.

It places the wee sideways triangles on the candles showing the open and close of trades. When the trade goes to subsequent candles, the tiny triangles are connected by a dotted line.

If its on the attachments page, I don't know its name.

Would one of you please point me in the right direction?

I am most grateful,
Raymond
Hi,
If you want to show your trades on your charts, just drag the trade from AccountHistory on to the correct chart and the triangles and connecting line will appear - magic!

Ian
  • #1,748
  • Jul 20, 2009 3:15pm Jul 20, 2009 3:15pm
Quoting ianf0ster
Hi,
Be careful - because you are then using two differnt Price values for the same indicator, one as Primer and one as Denonator.

I do not think their is much/any security in that.
Agreed wholeheartedly.

As PA moves above and below the MA, ventana will also turn color.

There is no point in this as you are trying to turn a primer into a detonator as Ian explained.

Go with the setup and indi's I posted a bit ago, same as what Ian has. It will be better for you in the long run.

Also, high explosive nitro is way beyong anything we do here. If we ever get to that point, all the material used here changes. Would start a whole new thread for that.

Regards.
  • #1,749
  • Jul 20, 2009 3:18pm Jul 20, 2009 3:18pm
Quoting ianf0ster
TwoEleven,
My chart below - though I didn't take the trade.
If I had, I could have entered where the first red dotted line crosses the top solid red line and exited for +10 at the lower solid red line.

Even if I had not got out with profit b4 retrace, I should have got out at leaset on the candle marked by cross of second dotted red line and top red line for just the loss of the spread.
Note my Trix and smC4Scalper Candles are set to ema,ema,ema as are Edge's.

Ian
Thank you Ian and Edge...kinda what I thought, held onto a losing trade too long. Will make a note and keep it from happening again!

Also thanks to both of you for your other comments about the indicators. I will look at both the original post on here with only a Primer & Detonator...and then look at the charts with the additional indicators and see which one I do prefer. I have a feeling it will be the "less is more" option with just a P&D...but who knows. Always learning and adapting to this market! Cheers!!!
  • #1,750
  • Jul 20, 2009 3:26pm Jul 20, 2009 3:26pm
Quoting Tw0eleven
Thank you Ian and Edge...kinda what I thought, held onto a losing trade too long. Will make a note and keep it from happening again!

Also thanks to both of you for your other comments about the indicators. I will look at both the original post on here with only a Primer & Detonator...and then look at the charts with the additional indicators and see which one I do prefer. I have a feeling it will be the "less is more" option with just a P&D...but who knows. Always learning and adapting to this market! Cheers!!!
Was my own fault.
Had the wrong trix on the front page. All fixed up now.

My bad.

Regards.
  • #1,751
  • Jul 20, 2009 3:27pm Jul 20, 2009 3:27pm

A user wanted to have the Ichimoku indicator with alerts:
.

Attached File(s)
File Type: mq4 IchimokuAlert_v1.mq4   8 KB | 788 downloads
  • #1,752
  • Jul 20, 2009 3:30pm Jul 20, 2009 3:30pm
Done for the day.

Notice the four pairs at this moment.

GU is lagging a bit, but STRENGTH begets STRENGTH as the all are long at very close to the same time.

Pretty good way to develop a 'feel' for what the market in general is doing.

Back tomorrow.

Regards.
Attached Image (click to enlarge)
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  • #1,753
  • Jul 20, 2009 3:32pm Jul 20, 2009 3:32pm
Quoting ianf0ster
Hi,
Be careful - because you are then using two differnt Price values for the same indicator, one as Primer and one as Denonator.

I do not think their is much/any security in that.
My primer is the TrendMagic indicator (which works off price crossing the 12WMA) - as we had originally. My Detonator is the SMTrix with confirmation on a 15min MTF Ultra Super Trix. I do not use two different price values????

I only use the 12WMA 'line' to visually watch price pull back to it before entering the trade - just my way of adding pips to a target and lessening the stop-loss.
  • #1,754
  • Jul 20, 2009 3:40pm Jul 20, 2009 3:40pm
Quoting Edgetrader
As per page 1, settings are 8,3,6 and ventana is redundant so discarded.
Got it. Now we're cooking!

Thanks, Edge!

=Ed=
  • #1,755
  • Jul 20, 2009 4:17pm Jul 20, 2009 4:17pm
Quoting jacson101
...word on the street has it... yesterday's asian session PA was sovereign account related( not many accounts can move yen pairs 100 pips right of the bat).

Regards.
That Makes sense. FYI next EU unresolved PA Red Star going North is 1.4338[set 6/3]. I will be watching this PA Star very closely. EU has been marching in that Direction.
Surfs up
  • #1,756
  • Jul 20, 2009 4:23pm Jul 20, 2009 4:23pm
Quoting Kyote
That Makes sense. FYI next EU unresolved PA Red Star going North is 1.4338[set 6/3]. I will be watching this PA Star very closely. EU has been marching in that Direction.
Surfs up
We might test some support first...find some on the downside...
That move last night was ridiculous, almost fell out of my chair this morning.
  • #1,757
  • Jul 20, 2009 4:34pm Jul 20, 2009 4:34pm
Hello Swingman,

thank you so much for your efforts. May i ask if u could add an alert to the
MA in Color_wAppliedPrice when the PA is crossing the line ?




Quoting SwingMan

A user wanted to have the Ichimoku indicator with alerts:



.

  • #1,758
  • Jul 20, 2009 4:38pm Jul 20, 2009 4:38pm
Several times the detonator gives a signal before the primer (i.e. the candle is the transition between yellow-green or yellow-red in the MA colors). Is this a valid signal?
Attached Image (click to enlarge)
Click to Enlarge Name: transition.jpg Size: 19 KB
  • #1,759
  • Jul 20, 2009 4:43pm Jul 20, 2009 4:43pm
Quoting Edgetrader
Use these indis only.
Ok what did I do wrong? I replaced all the indicators thae Edge posted in post #1739. Now the smSuper TRIX_MTF_PV_4col.ex4 doesn’t show up, I just get a blank indicator window.
  • #1,760
  • Edited 4:51pm Jul 20, 2009 4:49pm | Edited 4:51pm
Quoting Edgetrader
Was my own fault.
Had the wrong trix on the front page. All fixed up now.

My bad.

Regards.

Hi Edge, perhaps you or anyone else can answer a couple questions for me. I see that you did adjust the front page of this thread and the indicators are different and I want to make sure i'm understand things correctly now:

1) I placed the smC4ScalperCandles on my chart...and they line up exactly with my current candle stick bars I already use. May I ask the purpose of these candles? And why use the ScalperCandles versus regular candles?
2) Am I suppose to use the smSuper Trix PV4col or the smSuper Trix v1 indicator? or does it matter?
3) I also put the smSuper MTF PV 4col indi on the charts with a 15min setting. Since this indicator gives a 15min trend signal AFTER the 5min has given you one...are we still entering trades based on the 5min and "hoping" the 15min lines up after the fact...or are we waiting until the 15min indi signals in the same direction as the 5min and then enter the trade?
4) Is there anything wrong with using the original trix indicator you had on here?

sorry if I'm taking up too much of your time on these questions...for me, it seems like we have moved away from your original post a little bit...instead of 2 indicators now I'm up to 4 on the chart. thanks for your patience with us.
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