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C4 Scalping

  • #2,301
  • Jul 24, 2009 3:18am Jul 24, 2009 3:18am
I've taken Edge's advice & kept it simple. Have removed pivot points, MM lines & only trading with the major trend (LWMA 55). Great results.
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  • #2,302
  • Jul 24, 2009 3:34am Jul 24, 2009 3:34am
Quoting angus
I don't really see the point of using Renko charts with Metatrader because you can't select a low enough time frame. They should be used on 5 or 10 second charts. So, in essence a lot of what Edge refers to as "PA" is being smoothed out and lost.

But hey, maybe that's what you're looking for.

Here you can see the difference between Renko applied to a 10s, 1min and 5min chart.
Hi Angus

I am mystified by what you mean here. Renko charts are not related to timeframe in any what whatsoever. Talking about a "5 minute Renko" is meaningless.

Renko charts are defined only by their brick size. They are PURE PA.

Anne
  • #2,303
  • Jul 24, 2009 3:55am Jul 24, 2009 3:55am
Hi everyone,

here is the PDF file I mentioned. Thanks again Edge.

Cheers.

Nick
Attached File(s)
File Type: pdf C4 Scalping.pdf   1.3 MB | 1,852 downloads
  • #2,304
  • Jul 24, 2009 3:58am Jul 24, 2009 3:58am
Gerry my first trade with your inspiration

I found TRIX 3,EEE,C is a faster signal.

Used the next S&R level as Profit Target. In this case weekly resistance.

+66 pips. One trade for the day I am done.

I have a USDCAD open as the signal came at the same Approx the same time I was on the PC. +25 pips as I write and still OPEN

High probability trade:
1. Correct peak time for signal...
2. H4 and H1 SMA60 were UP.(HIgher TF participation)

Use of S&R ,divergence was NOT seen on TRIX

Also posted this on the other higher TF thread.
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  • #2,305
  • Jul 24, 2009 4:01am Jul 24, 2009 4:01am
..a little bold maybe, but managed to squeeze out +6 before watching price move north again.

Cheers.

Nick
  • #2,306
  • Jul 24, 2009 4:02am Jul 24, 2009 4:02am
forgot the screen shot!!
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  • #2,307
  • Jul 24, 2009 4:22am Jul 24, 2009 4:22am
Nice system! Can these indicators work on Meta 5 or will have to be reprogrammed to work on it?
  • #2,308
  • Jul 24, 2009 4:36am Jul 24, 2009 4:36am
+5 first of the day after LDN open.
First trade of the EA I'm working on...
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"The only successful substitute for brains is silence."
  • #2,309
  • Jul 24, 2009 5:04am Jul 24, 2009 5:04am
Quoting paidperpip
Hi Edge, and everyone else who has contributed to this system... I don't want to clog the thread with this, but I wanted to give a heart-felt thanks for your contributions.

I followed your stuff in the Trendmagic thread (and your valuable contributions Anne and Swing Man) and must say that I took flowers to the funeral, and wept when it died... I was really happy to see that this thread has not gone the same way.

I only came across the Trendmagic thread a couple of days ago... it is a little heartbreaking to see that something so beautiful...
Russ,
Page 1 was updated with current indicators about 2 days ago, so you are probably bang up to date!

Ian
  • #2,310
  • Jul 24, 2009 5:13am Jul 24, 2009 5:13am
wow, Edge - thank you so much for sharing this and supporting this thread, I have spent the last year full-time learning the markets, trying system after system, teaching after teaching and now I am finally done searching.

This method suits my personality, the way I want to trade and my profit goals fabulously. Thank you.
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  • #2,311
  • Jul 24, 2009 5:42am Jul 24, 2009 5:42am
Quoting ianf0ster
Russ,
Page 1 was updated with current indicators about 2 days ago, so you are probably bang up to date!

Ian
Thanks Ian
How do you make a small fortune in Forex? Start with a large one!
  • #2,312
  • Jul 24, 2009 6:19am Jul 24, 2009 6:19am
another +7. Could someone please tell me how I can get the "buy" line to show up on the chart? The "buy" signal is there.

Many thanks.

Nick
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  • #2,313
  • Jul 24, 2009 6:30am Jul 24, 2009 6:30am
Quoting happyhappy
wow, Edge - thank you so much for sharing this and supporting this thread, I have spent the last year full-time learning the markets, trying system after system, teaching after teaching and now I am finally done searching.

This method suits my personality, the way I want to trade and my profit goals fabulously. Thank you.
That is a neat daily range indicator on the chart.TOP LEFT

Is this one you can share on this thread? If so, please could you. The others I have seen have alot of excess information. And take up too much real estate on the chart.
Thanks
  • #2,314
  • Jul 24, 2009 6:32am Jul 24, 2009 6:32am
What platform are you using?..i have been hearing about meta 5 along time ago and still have not seen it yet.
Quoting Skoozy
Nice system! Can these indicators work on Meta 5 or will have to be reprogrammed to work on it?
  • #2,315
  • Jul 24, 2009 6:34am Jul 24, 2009 6:34am
How?
Price bouncing off of daily pivot, trix bullish divergence, bar closing above ma (bar si red but price closed up). All these happening at the same time is almost a sure bet, so I jumped in.

I was only using smcandles and trix set to 6 (mtf variant) on my charts in order to keep them clean, but today I was testing different trix setups, and noticed that trix set to 6 is good to have an idea of the overall trend, but trix set to 3 is better for spotting divergences, so I am back to using smcandles and 2 trix.
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  • #2,316
  • Jul 24, 2009 6:41am Jul 24, 2009 6:41am
Quoting nick2112
another +7. Could someone please tell me how I can get the "buy" line to show up on the chart? The "buy" signal is there.

Many thanks.

Nick
Nick,
I presume you mean the trade entry & exit markers. If so, just drag the trade from your AccountHistory tab onto the chart on which you took the trade.

Ian
  • #2,317
  • Jul 24, 2009 6:46am Jul 24, 2009 6:46am
This signal was the exact same on the 15 min chart as well as the 5 min. Out for +19.

Cheers. Thanks Edge.

Nick
  • #2,318
  • Jul 24, 2009 6:47am Jul 24, 2009 6:47am
sorry, and the chart!!
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  • #2,319
  • Jul 24, 2009 6:49am Jul 24, 2009 6:49am
Hi Ian,

I was meaning at the time of trade entry, but thanks for your help, much appreciated. I did not know that was even possible :-)

Thanks again.

Nick
  • #2,320
  • Jul 24, 2009 6:57am Jul 24, 2009 6:57am
Quoting lrathi
That is a neat daily range indicator on the chart.TOP LEFT

Is this one you can share on this thread? If so, please could you. The others I have seen have alot of excess information. And take up too much real estate on the chart.
Thanks
hi , I'm sorry I can't share this as it isn't free, it came with the
Hector trading course,

best,
h
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