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C4 Scalping

  • #3,121
  • Jul 28, 2009 8:21am Jul 28, 2009 8:21am
Hey C4 guys decided to try RENKO all this week before making a decision. So far up 20 pips. Will let you know my progress.
  • #3,122
  • Jul 28, 2009 8:23am Jul 28, 2009 8:23am
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
I'd add that it's numbers can be used like tick chart scalping, so a low fixed spreads required for proper use, but you can also see if there is a quick reversal right before you enter a trade, if CCI dropping below 100 against the direction of you trade, then you might want to hold off a few seconds for the temp retrace and continue the trade when it starts climbing above fast towards 100 or more. If it tops out at 200-300 another retrace is probably right around the corner.
I didn't have time to proof it up yet for Edge in this thread was busy job hunting for myself and wife, and summer activity stuff for the kids. But that's the basic idea trick I learned from the ToR 1.2 indi, but this one takes a lot less space and provides more info to boot. Thanks again DXtrade..........
  • #3,123
  • Jul 28, 2009 8:23am Jul 28, 2009 8:23am
Quoting DanFX
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
In checking the GU and EU charts, it seems it does not make a lot of difference if the prev2 renko bricks are the same trix color. However, above SM said he is not talking about the bricks .. so I am confused again.
On the GU chart for instance, going back a couple of days I see that everytime an arrow appears beside the renko brick, if the 2 previous bricks were confirming the arrow direction, most of the time the trade was good .. I would say 80% of the time.
I am not even looking at the arrows on top (or bottom) of the bricks as I don't understand how those figure into it.
However using the 2 brick confirmation of an up arrow, looks like 4 out of 5 trades will be good.
Will need to experiment with it in real time this week.
******************* I'd rather make money than be right.
  • #3,124
  • Jul 28, 2009 8:25am Jul 28, 2009 8:25am
Quoting gerry berard
Hey C4 guys decided to try RENKO all this week before making a decision. So far up 20 pips. Will let you know my progress.
Once you go 'renko' you never go back....

BTW I looked up OM mani padme hum and it means 'less is more' in Tibetian.***



***just kidding!!
******************* I'd rather make money than be right.
  • #3,125
  • Jul 28, 2009 8:26am Jul 28, 2009 8:26am
Edge,

Sorry to see you go. Thanks for all the hard work and patience, your a saint.

Still, trading the C4 but thought i would have a look and try Renko.

First Renko trade....+8

100% success rate, nice
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  • #3,126
  • Jul 28, 2009 8:29am Jul 28, 2009 8:29am
Another 10 pips on RENKO.
  • #3,127
  • Edited 2:46pm Jul 28, 2009 8:32am | Edited 2:46pm
C4 quick scalp...


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  • #3,128
  • Jul 28, 2009 8:32am Jul 28, 2009 8:32am
Quoting 4xtrader2
Trader222,
What is the indicator that shows your trades? Is that an MT4 indicator? Did I miss it on the forum? Are you able to supply the indicator?
Thanks,

Attachment
Read post #1.

Regards.
  • #3,129
  • Jul 28, 2009 8:32am Jul 28, 2009 8:32am
Quoting 4xStar
BTW I looked up OM mani padme hum and it means 'less is more' in Tibetian.***
OM.
  • #3,130
  • Jul 28, 2009 8:37am Jul 28, 2009 8:37am
I believe swingman was refrring to the TRIX histogram. Load a TRIX with a setting of 3,1,1,1 as he said. When that triangle appears, check the TRIX below, and if there are at least TWO before that are up/down in the same direction, that trade has 100% success on EUR/USD
Quoting 4xStar
In checking the GU and EU charts, it seems it does not make a lot of difference if the prev2 renko bricks are the same trix color. However, above SM said he is not talking about the bricks .. so I am confused again.
On the GU chart for instance, going back a couple of days I see that everytime an arrow appears beside the renko brick, if the 2 previous bricks were confirming the arrow direction, most of the time the trade was good .. I would say 80% of the time.
I am not even looking at the arrows on top (or bottom) of the bricks as I don't understand...
  • #3,131
  • Jul 28, 2009 8:39am Jul 28, 2009 8:39am
Quoting DanFX
What is your Stop Loss ? It looks to me like you´re using 30 SL for 5 pips target. Is this true ?
Yup, but just as an emergency SL if my Internet passes out... frequent here on the little island
Trades need room to breath... I don't care about RR management... I trust my eyes and my finger...


And Irathi, yes, it was a countertrend trade and honestly... I was lucky...
"The only successful substitute for brains is silence."
  • #3,132
  • Jul 28, 2009 8:41am Jul 28, 2009 8:41am
Quoting Edgetrader
The modest filter and indicator are more than enough to get the job done. Thanks so much for all you have done...
Hi Edge,

Thanks for all you have shared (knowledge and time).

Regards.
  • #3,133
  • Jul 28, 2009 8:45am Jul 28, 2009 8:45am
Seems to me that one of the best things trading RENKO is not having to make a decision as to what time frame to use.
  • #3,134
  • Jul 28, 2009 8:52am Jul 28, 2009 8:52am
Quoting 4xStar
Once you go 'renko' you never go back....

BTW I looked up OM mani padme hum and it means 'less is more' in Tibetian.******just kidding!!

"The mantra Om Mani Pädme Hum is easy to say yet quite powerful,
because it contains the essence of the entire teaching. When you say
the first syllable Om it is blessed to help you achieve perfection in the
practice of generosity, Ma helps perfect the practice of pure ethics,
and Ni helps achieve perfection in the practice of tolerance and
patience. Päd, the fourth syllable, helps to achieve perfection of perseverance, Me helps achieve perfection in the practice of concentration, and the final sixth syllable Hum helps achieve perfection in the practice of wisdom.

http://www.dharma-haven.org/tibetan/meaning-of-om-mani-padme-hung.htm
  • #3,135
  • Jul 28, 2009 8:52am Jul 28, 2009 8:52am
SMALLER charts please .... !

(So your posts don't make the page much too wide for normal screens.)

Quoting hoichoi
C4 quick scalp...
  • #3,136
  • Jul 28, 2009 8:54am Jul 28, 2009 8:54am
Are you guys having a hard time with the renko signals alert? Mine does not seem to work...

Quoting gerry berard
Another 10 pips on RENKO.
  • #3,137
  • Jul 28, 2009 8:58am Jul 28, 2009 8:58am
Here my 6 trades EURJPY from today.
bout +5 each although the 4th one I was lucky...
Cya tomorrow guys...
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"The only successful substitute for brains is silence."
  • #3,138
  • Jul 28, 2009 8:58am Jul 28, 2009 8:58am
Not using the alert just Color MA
  • #3,139
  • Jul 28, 2009 9:01am Jul 28, 2009 9:01am
Second trade on Renko.

AUD/JPY

Primer, close of bar above MA
Detonator, ma colour change.

+8

Nice
Attached Image (click to enlarge)
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  • #3,140
  • Jul 28, 2009 9:05am Jul 28, 2009 9:05am
Me neither,

Primer - close of renko chart either above or below ma

Detomator - change of ma colour in right direction.

But as the C4 method has taught us and what we have been learning is....you have to be quick on the tirgger or you can loose it.

Cheers
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