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C4 Scalping

  • #3,081
  • Jul 28, 2009 3:24am Jul 28, 2009 3:24am
just what edge stated in past post, I added the Market price, old habit
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  • #3,082
  • Jul 28, 2009 4:12am Jul 28, 2009 4:12am
And +5 and +10 on EURJPY...
Half position each...
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"The only successful substitute for brains is silence."
  • #3,083
  • Jul 28, 2009 4:16am Jul 28, 2009 4:16am
Quoting darkness
hopefully someone got in on this at london open tonight,,,it shot up like a rocket,,my trigger wasn't fast enough to get in on time
put on your chart 12lwam high, 12iwma low, and the color indi will be between them
  • #3,084
  • Jul 28, 2009 4:19am Jul 28, 2009 4:19am
Hi, Swingman! Thank you very much for your hard work you have put in developing the indicators!

I need your help... could you or someone knowleadgeable on the topic explain to me how you filtered out all those false arrows and signals on the last screenshot (signals v. 2.1)? I tried to use my brain but still could not figure out: you put 16 checks in the places that qualify some criteria (what criteria?) but some of the ones marked with X (which stand for false signals) have and arrow below/above as well and look the same as the qualified signals. Please help me understand the logic behind the new filter and how you arrived at 100% accuracy )

Regards,
Peter
  • #3,085
  • Jul 28, 2009 4:23am Jul 28, 2009 4:23am
A forex trading system named after one of my military specialties, Explosive Ordnance Disposal (EOD). I have read the entire thread and I want to thank Edge and the other fantastic contributors for making this a very profitable and a well thought out forex system. Although I'm successful 1M scalper that trades 6 hours a day, three hours during London and three hours during the US Sessions, I have purchased the Renko indicator and set up my chart using the indicators posted on page one. This system is proving to the skeptics that scalping can actually be profitable. I look forward to being a fan of this system and I'm making this thread...required daily reading.
  • #3,086
  • Jul 28, 2009 5:31am Jul 28, 2009 5:31am
Some hard earned +5... phew
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"The only successful substitute for brains is silence."
  • #3,087
  • Jul 28, 2009 5:33am Jul 28, 2009 5:33am
Wow! Its quiet as a grave here now...

I wanted to take this opportunity (as one who has been with the thread since reasonably early on) to thank all of its contributors. To the folks that helped me out personally, and those others that in helping out someone else, also helped out me.

Edge, thank you. You have touched my life (and the life of my young family) so very deeply in the short time this thread has been going. It is sad to see your tutelage come to an end, but it is also time now for all of us to set our primers, place our detonators, and push the plunger...

My only concern is that now I have a strong subliminal desire to shake George W Bush's hand and thank him heartily for all he has done for me... Sheesh!

I know there was mention of a 'get together' at some stage... I for one would be very happy for this to happen. Please put me on the list. I owe you, Swingman, Tudor Girl, and so many others, so much...

In closing, I wish you the very best. May the best you have seen be the worst you will see. Who knows, maybe one day...



To those folks who are new to this thread, there really are no short cuts. All the questions you want to ask are answered here. All you have to do is to sort through the pages in this thread. If you have a question, chances are, it has already been asked here somewhere. Its all here...

Take care guys...

Russ
How do you make a small fortune in Forex? Start with a large one!
  • #3,088
  • Jul 28, 2009 5:35am Jul 28, 2009 5:35am
can some one see if i did anything wrong on my trade last night on the EURUSD?
The trend was up, the trix crossed up so i entered then it plummeted!
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  • #3,089
  • Jul 28, 2009 5:37am Jul 28, 2009 5:37am
Quoting DXTrade
Some hard earned +5... phew
DXTrade, could you please clarify why you entered so early? On the chart posted I can see 1 brick closing above LWMA (has a blue arrow below) and it is a primer, then, if I am not mistaken, we should wait for a detonator to change colour, however, you entered in the middle of the next brick without waiting for a detonator confirmation (isn't it too risky?). please correct me if I misunderstood the rules as you have probably been trading the setup for quite a while )

Good luck with your trading,
Peter
  • #3,090
  • Jul 28, 2009 6:00am Jul 28, 2009 6:00am
Quoting peter_est
DXTrade, could you please clarify why you entered so early? On the chart posted I can see 1 brick closing above LWMA (has a blue arrow below) and it is a primer, then, if I am not mistaken, we should wait for a detonator to change colour, however, you entered in the middle of the next brick without waiting for a detonator confirmation (isn't it too risky?). please correct me if I misunderstood the rules as you have probably been trading the setup for quite a while )

Good luck with your trading,
Peter
Trix changed up and brick closed above the MA.
I was a bit early, you are right, as the MA wasn't blue yet... that was risky... worked out though.
Generally if an arrow above/below a brick appears and the brick is closed I plunge... not working all the time as you can see on my eur trade below... even harder this one although the ma was red at the time of the entry.
We will see how it's working out...
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"The only successful substitute for brains is silence."
  • #3,091
  • Jul 28, 2009 6:05am Jul 28, 2009 6:05am
Hey Edge. Thanks for everything. Top man.


Stevie
The dream will never die
  • #3,092
  • Jul 28, 2009 6:10am Jul 28, 2009 6:10am
DXTrade, thanx a lot for your help, buddy )
  • #3,093
  • Jul 28, 2009 6:18am Jul 28, 2009 6:18am
Enter here and take loss
Under red MA
2 red Errors down
Trix Down
Don't know how people trade with 5 pips SL.
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,094
  • Jul 28, 2009 6:22am Jul 28, 2009 6:22am
Made it...
Took 1.5 hours to make 5 pips.... not always like this fortunately
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"The only successful substitute for brains is silence."
  • #3,095
  • Jul 28, 2009 6:37am Jul 28, 2009 6:37am
Quoting iansr1
can some one see if i did anything wrong on my trade last night on the EURUSD?
The trend was up, the trix crossed up so i entered then it plummeted!
If you entered where I think you did (hard to see on chart) it looks like you got in at the top of the uptrend. The trix had crossed below zero, but only for a few weak bars .. not enough of a pullback to make the resumption of uptrend convincing. Edge likes to catch the first wave up or down that represents a major change of direction, not a continuation.
But if doing continuations, make sure the pullback has been strong enough so when it reverses to original direction, there is some conviction.

That's how I see it
******************* I'd rather make money than be right.
  • #3,096
  • Jul 28, 2009 6:39am Jul 28, 2009 6:39am
Quoting SwingMan
Just a recomandation for users of the Renko Signals / Trix indicators.
............
When the triangle signal appear, check the two previous histograms, and ONLY if the signal direction match with the slope of the two histograms then buy or sell with TP=10 and SL=20.
You can verify that ALL false signals are filtered!
Again:
- check signal/histogram, decide to entry or not to entry
- check signal/histogram,...
SwingMan .... when you say:
"check the two previous histograms, and ONLY if the signal direction match with the slope of the two histograms then buy or sell with TP=10 and SL=20"

do you mean:
"check for a match of the triangle direction and the two previous closed bricks then buy or sell with TP=10 and SL=20"?

Thank you, in anticipation. (I like your logo in the bottom right of your chart, by the way ... very neat and stylish. )
  • #3,097
  • Edited 7:04am Jul 28, 2009 6:50am | Edited 7:04am
Quoting peter_est
...could you or someone knowleadgeable on the topic explain to me how you filtered out all those false arrows and signals on the last screenshot (signals v. 2.1)? I tried to use my brain but still could not figure out: you put 16 checks in the places that qualify some criteria (what criteria?) but some of the ones marked with X (which stand for false signals) have and arrow below/above as well and look the same as the qualified signals. Please help me understand the logic behind the new filter and how you arrived at 100% accuracy )
I'm sory Peter, but you have all explanations in my last postings. Print out the texts, print out the charts and print out Edge's similar charts.
You have ALL what you need, and if you understand the logic in one hour, in one day or in one week you must do this work. (I too have needed a couple of hours to check the charts, to post for you the filtered signals etc.).

Unfortunately for some members, I can and I will not further explain the algorithms. Because this is maybe a very similar method with Edge's method, and he wrote that for private reasons he can not give us the last secrets, I can not hurt its interests without his approval. This is a free forum and every commercial system provider can copy and sell without any work finished algorithms.
  • #3,098
  • Jul 28, 2009 6:51am Jul 28, 2009 6:51am
Quoting Edgetrader
As I am not using MT4 in my own efforts, it is good to know enough information has been passed along to allow capable folks like SM and so many others to work their own magic and provide all who read the thread the opportunity to trade well enough to earn a living. [b]I am confident I have shared enough with everyone to make a small contribution to FF in general. As a professional trader myself, I think I will keep the rest of my 'edge' to me personally. May seem a bit selfish but I have my own shortcomings also. I still need some extra material...

hi edge,

thanks 4 your unselfish giving n sharing with all of us here. i knew u were a teacher. but 2 think that u r a forex teacher!!! i think all of us here got lucky. wishing u well in all your endeavours
  • #3,099
  • Jul 28, 2009 6:52am Jul 28, 2009 6:52am
That one just took 10 minutes to make +6

Could have made +100, but in hindsight it's sooooo easy
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"The only successful substitute for brains is silence."
  • #3,100
  • Jul 28, 2009 6:56am Jul 28, 2009 6:56am
Quoting SwingMan

Unfortunately for some members, I can and I will not further explain the algorithms. Because this is maybe a very similar method with Edge's method, and he wrote that for private reasons he can not give us the last secrets, I can not hurt its interests without his approval. This is a free forum and every commercial system provider can copy and sell without any work finished algorithms.
I agree with you Swingman!!
People can speculate on Edge's secrets and this is not good!

I don't know you folks...but i feel a little bit "lost" without Edge's guide...

I'm trying to trade the 4 Nitro pairs...but i have to admit that the first times it's not so simple...especially with the "beast"...but i will syncronize myself day by day...
Market is like a puzzle, YOU have to fit the pieces!!
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