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C4 Scalping

  • #3,101
  • Jul 28, 2009 6:57am Jul 28, 2009 6:57am
Quoting SwingMan
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...

Please help me what and where i should download staff to have chart as it is yours...

I have no clue and i am totaly confused from this tread...

But i see huge potential..

I have no that Renko staff to...

Please, help somebody
Work smart not hard
  • #3,102
  • Jul 28, 2009 7:01am Jul 28, 2009 7:01am
Quoting sony
Please help me what and where i should download staff to have chart as it is yours...

I have no clue and i am totaly confused from this tread...

But i see huge potential..

I have no that Renko staff to...

Please, help somebody
If you want renko you have to buy it..it's not free and nobody here can share it..you can find more than one post in this thread where we talk about it..
Market is like a puzzle, YOU have to fit the pieces!!
  • #3,103
  • Jul 28, 2009 7:01am Jul 28, 2009 7:01am
Quoting Dm3554
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. )
- If what I mean is not identical with what I say, is caused of my poor english...
- The OM pictures is one of the most powerful pictures out there.
When you trade, repeat constantly the "OM mani padme hum" mantra, and after few weeks you can note the first changes in your trading (hopefully positive...).
  • #3,104
  • Jul 28, 2009 7:03am Jul 28, 2009 7:03am
Quoting DXTrade
Made it...
Took 1.5 hours to make 5 pips.... not always like this fortunately
Hi DXtrade

You have posted a few indicators, if you have a moment could you clarify what they do

I belive the DXtradeinfo is showing spread, ATR, ADX and CCI, that I understand

What does DXtradec4 do? (I have downloaded it and installed it)

...and DXtradeInfo45FXguy??

Geez....although I will miss Edge and his reminder to keep things simple, at least he will not be slapping my knuckles for indicator envy
Attached Image
  • #3,105
  • Jul 28, 2009 7:05am Jul 28, 2009 7:05am
DXTrade
Can you please explain what the "Candle" element of the indi is about. The other things are obvious but I am unable to work out the candle info. It is a useful addition to my chart and does not take much of the paper.
Thanks. Karl
  • #3,106
  • Jul 28, 2009 7:07am Jul 28, 2009 7:07am
Hi,
again I see that indicator "DXTrade Info45FXguy" on your chart I have downloaded that indi an I like it, to confirm both signals from Trix(M5) and Trix (M15). Only a little question:What period do you use for the CCI? Perhaps I seem to be a little bit blind, but I coul`n`t see it.

Thanks for your answer
If there are pips you can collect - just do it!
  • #3,107
  • Jul 28, 2009 7:16am Jul 28, 2009 7:16am
Well guys

the "candle" in the info panel is the remaining candle time, obviously not working on a renko chart as it is NOT time based.
The CCI (why nobody is reading a thread from a to z?) is a request from 45FXguy who wanted this.
It's the value of CCI 14 plus CCI50 divided by 2 from the 1 minute chart.
To see the power of direction... I think!

The DXTrade C4 is a try to give a signal after the C4 rules... see page 1 !
gives an alert when price crosses the LWMA 8 and the trix crosses.

Hope that helps
"The only successful substitute for brains is silence."
  • #3,108
  • Jul 28, 2009 7:21am Jul 28, 2009 7:21am
Quoting SwingMan
When you trade, repeat constantly the "OM mani padme hum" mantra, and after few weeks you can note the first changes in your trading (hopefully positive...).
SwingMan .... thank you. I will try this mantra. (And I think your english is very good.)
  • #3,109
  • Jul 28, 2009 7:25am Jul 28, 2009 7:25am
Hi guys,

I see the natural evolution of this thread was going from Regular Candles (C4) to Renko Charts (Nitro), I'm just curious if this has enhanced your trading at all.

I'm trading C4 right now with pretty decent success on JUST EU. I'm still debating as to switching to Renko Charts.

I keep getting the feeling, if it ain't broke... Don't fix it.


=)
  • #3,110
  • Jul 28, 2009 7:28am Jul 28, 2009 7:28am
I am not up to Renko charts....
However.... have done well today as market conditions were good.

GBPUSD +18 and +21
I saw Double top and LH with the C4 primer and trigger (GBPUSD)

EURUSD +14 and +15
AUDUSD +22
EURJPY +19 and +20

Still more opportunities... but am calling it a day

Have used PA like LH and LL to enter not strictly C4 rules. Need to practice more to pull trigger with C4 rules alone.
Attached Image(s) (click to enlarge)
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  • #3,111
  • Jul 28, 2009 7:32am Jul 28, 2009 7:32am
Quoting DXTrade
Well guys

the "candle" in the info panel is the remaining candle time, obviously not working on a renko chart as it is NOT time based.
The CCI (why nobody is reading a thread from a to z?) is a request from 45FXguy who wanted this.
It's the value of CCI 14 plus CCI50 divided by 2 from the 1 minute chart.
To see the power of direction... I think!

The DXTrade C4 is a try to give a signal after the C4 rules... see page 1 !
gives an alert when price crosses the LWMA 8 and the trix crosses.

Hope that helps
This DXTrade C4 indicator I have used today.. GOOD indicator.

Is it possible to add the inputs LWMA changeable by trader too like TRIX/

Not used email alert as yet.... Does it give only one signal at CLOSE of candle. I am hoping this is the case ...otherwise get repeated signals which fills up inbox and no good for SMS in longer term trades.

Thanks again!
  • #3,112
  • Jul 28, 2009 7:32am Jul 28, 2009 7:32am
Quoting Dm3554
SwingMan .... thank you. I will try this mantra. (And I think your english is very good.)
r u a buddhist, swingman??
  • #3,113
  • Jul 28, 2009 7:32am Jul 28, 2009 7:32am
Quoting Dm3554
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"?
I also am unclear what this means ... you say the slope of the two histiograms.. are you referring to a trix histiogram in the window below? Or as DM3554 are you referring to the previous 2 closed bricks .. and if so, why 'slope'? Or do you mean, check if 2 prev closed bricks are making a higher high?

Thanks.
******************* I'd rather make money than be right.
  • #3,114
  • Jul 28, 2009 7:35am Jul 28, 2009 7:35am
Never mind .. light bulb went on after studying your chart some more. You mean once the signal appears, check to see if the 2 previous renko bricks are making higher highs (or lower lows) depending on direction of arrow. In other words, you want a 2 brick confirmation of the arrow direction.

Jetzt ist Alles klar!



Quoting 4xStar
I also am unclear what this means ... you say the slope of the two histiograms.. are you referring to a trix histiogram in the window below? Or as DM3554 are you referring to the previous 2 closed bricks .. and if so, why 'slope'? Or do you mean, check if 2 prev closed bricks are making a higher high?

Thanks.
******************* I'd rather make money than be right.
  • #3,115
  • Jul 28, 2009 7:45am Jul 28, 2009 7:45am
Quoting winningfx
r u a buddhist, swingman??
sounds like a hindu mantra.... SANSKRIT????
  • #3,116
  • Jul 28, 2009 7:58am Jul 28, 2009 7:58am
Quoting 4xStar
I also am unclear what this means
... you say the slope of the two histiograms.. are you referring to a trix histiogram in the window below?
Yes. Long when H[1] > H[2]

Or as DM3554 are you referring to the previous 2 closed bricks .. and if so, why 'slope'? Or do you mean, check if 2 prev closed bricks are making a higher high?
NO. This has nothing to do with bricks. The triangles appear on the bricks and give the primer signal. Confirmation comes from Trix. If the word "slope" is false, replace it...
  • #3,117
  • Jul 28, 2009 8:06am Jul 28, 2009 8:06am
Quoting SwingMan
... you say the slope of the two histiograms.. are you referring to a trix histiogram in the window below?
Yes. Long when H[1] > H[2]

Or as DM3554 are you referring to the previous 2 closed bricks .. and if so, why 'slope'? Or do you mean, check if 2 prev closed bricks are making a higher high?
NO. This has nothing to do with bricks. The triangles appear on the bricks and give the primer signal. Confirmation comes from Trix. If the word "slope" is false, replace it...

Just to have this correctly.... 2 previous bars in the direction of the trade ?? Do they have to be on the right side of trix zero-line ?
I mean should both be red and decreasing or is it ok if the previous one was green and actual went below 0 ??


Ich hoffe man versteht es so ungefähr
  • #3,118
  • Jul 28, 2009 8:09am Jul 28, 2009 8:09am
And 50 minutes for this one... I call it a day
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 19 KB
"The only successful substitute for brains is silence."
  • #3,119
  • Jul 28, 2009 8:11am Jul 28, 2009 8:11am
Quoting DXTrade
And 50 minutes for this one... I call it a day


What is your Stop Loss ? It looks to me like you´re using 30 SL for 5 pips target. Is this true ?
  • #3,120
  • Jul 28, 2009 8:13am Jul 28, 2009 8:13am
Quoting DXTrade
And 50 minutes for this one... I call it a day
What happens if you add a LWMA 32,3,6 on this chart and trade in the direction of this longer term trend.

http://static.forexfactory.com/forex...1&d=1248786548 (http://www.forexfactory.com/attachment.php?attachmentid=279882&d=1248786548)

Seems your last trade over 50 mins was a counter trend trade....

JUST a SUGGESTION..
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