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C4 Scalping

  • #3,161
  • Jul 28, 2009 9:37am Jul 28, 2009 9:37am
Quoting Edgetrader
The detonator plunger is the color change on the LWMA. When it changes from blue to red (or visa versa) you push the plunger as the color change caused the detonator to 'go hot'.

Would hope someone would make the comparrison and confirm that the LWMA may keep you out of a couple of 'iffy' trades (see chart differences).
Regards.
Hi edge,

it is true that it looks like that in hindsight but its not working because the lwma does repaint.

for example.There was just a buy signal at the aud jpy.The lwma was green after close of the block.The next block turned against you and after the block was finished the green lwma turned from green to yellow.

Same happened at the eur /jpy.The next signal was ok

Maybe i have to wait until another block is finished and it doesnt repaint after that.I will have a close look at that.

Just my observations
  • #3,162
  • Jul 28, 2009 9:40am Jul 28, 2009 9:40am
Hi there SwingMan,

OM MANI PADME HUM

Here is hoping that with your guidance and your generosity we will be able to run with you on water and stop from drowning in the forex shark infested deep waters.

Now I know what a holy forex trader looks like! Very peaceful and serene because he trades Renko while reciting the holy Mantra!

All the best SwingMan. May PEACE and GOOD KARMA be with you.

Trader7
  • #3,163
  • Jul 28, 2009 9:41am Jul 28, 2009 9:41am
Quoting paradoxical
Irathi, the attached is my understanding of what Swingman was saying. Whenever the triangle appears, and there at least two TRIX histograms before the triangle in the same direction, it's a near certain 10 pip winner. This applies of course to long and short trades. The three shown happen to be short, and can occur anywhere in the run. Seems to work every time. You don't pay attention to whether or not the RENKO blocks before the current triangle appearance are red or blue. As you can see, the success with just following the diamond alone is good,...
I think SM meant not 2 previous bars on the same side of 0 but he meant 2 previous bars forming the same slope, say if u look 2 trix bars back you will see the same (downward/upward slope if u connect them with a line). U can enter short even if the bars are higher than 0 but downward sloping...unfortunately, I do not have time to post a chart now.
However, I must say that what you proposed works even better according to my short backtesting. Yes, it gives less entries, but accuracy is close to 100%, not 100 but in 90-100% range...u will get 80+ accuracy if you use the filtering SM suggested. It showed 100% in a period between 22nd and 27th july though.

All the best,
Peter
  • #3,164
  • Jul 28, 2009 9:42am Jul 28, 2009 9:42am
Quoting SwingMan
Very, very good explained. But, please use the 4 color Trix version to SEE if the histogram condition is fulfilled.
Hi SwingMan
Can you please point out in this chart what are valid signal to go long/short? according to my understanding there is none.. but I am confused and i know I'm wrong.. correct me please..


thanks

http://clip2net.com/clip/m15756/1248...-clip-12kb.png
  • #3,165
  • Jul 28, 2009 9:45am Jul 28, 2009 9:45am
Please look at the chart I posted which gives little notes explaining what the "histogram' means.
Quoting hoichoi
hi swingman
sorry but i also don't understand what do u mean by two histrogram. with your signal indicator we shudn't have trix indicator at the bottom window.. by checking two histrogram do u mean checking last two signal ?
swingman if you have trouble in english you can just post a screenshot with arrow or pointing A / b / C .. this would help us must faster to learn this process

thanks for your great work on signal indicator..


cheers
  • #3,166
  • Jul 28, 2009 9:46am Jul 28, 2009 9:46am
Quoting peter_est
I think SM meant not 2 previous bars on the same side of...
peter can u please post a chart for us?

thanks
  • #3,167
  • Jul 28, 2009 9:52am Jul 28, 2009 9:52am
DOES THE RENKO REPAINT?
HOW DO U TRADE IT?
WERE CAN I FAIND PDF FOR IT? I GOOGL IT AND THERE IS NOTHING ABOUT IT ON THE NET

THENK U ALL FOR U R HELP

  • #3,168
  • Jul 28, 2009 9:52am Jul 28, 2009 9:52am
Quoting hoichoi
peter can u please post a chart for us?

thanks
hoichoi ... please post charts that are not so wide .... it ruins the thread.
  • #3,169
  • Jul 28, 2009 9:54am Jul 28, 2009 9:54am
Thanks for the reply, however I don't see how one chart does not show the fake outs, while the other does. I see them on both.
I completely understand there are bad trades, having been tracking c4 since inception (silently for the most part in the background) I know there are tons of losing trades. However, the reason I asked you what the losses would have been from those two, is that if this is a 10 wins for +5 pips and 2 losses for -20 pips, kinda changes perception on things.
Anyhow, I'll go back to silently trying to decipher all of the cryptic info regarding renko, and continue to track the initial c4 info you so generously supplied. I am thankful for what you've given.


Quoting Edgetrader
Beats me as to what the losses would have been for those taking the head fakes.

One charts clearly shows two bad trades, the other clearly shows avoidance of such.

There are going to be bad trades, no way around such. Am not going to go into the probability materials again. I think the point asserted in the previous posting with the charts should serve as valuable food for though.

We can set charges with high quality tools and consistently blow stuff up, or, we can try to figure out what makes the explosives work and miss numerous opportunities...
  • #3,170
  • Jul 28, 2009 9:55am Jul 28, 2009 9:55am
Quoting thecambist
Hi edge,

it is true that it looks like that in hindsight but its not working because the lwma does repaint.

for example.There was just a buy signal at the aud jpy.The lwma was green after close of the block.The next block turned against you and after the block was finished the green lwma turned from green to yellow.

Same happened at the eur /jpy.The next signal was ok

Maybe i have to wait until another block is finished and it doesnt repaint after that.I will have a close look at that.

Just my observations
Ah, OK. More MT4 repainting issues surface.

Back to the SM indi it is then. One of those things simply has to be effective to some extent.

Has anyone done any MT4 backtesting with the SM indi? Might help solidify it as the optimum indi for this MT4 Renko stuff.

Will delete recent postings until you folks finish looking at the indi further.

Regards.
  • #3,171
  • Jul 28, 2009 9:58am Jul 28, 2009 9:58am
Quoting Edgetrader
Ah, OK. More MT4 repainting issues surface.

Back to the SM indi it is then. One of those things simply has to be effective to some extent.

Has anyone done ant MT4 backtesting with the SM indi? Might help solidify it as the optimum indi for theis MT4 Renko stuff.

Will delete recent postings until you folks finish looking at the indi further.

Regards.
I had many whipsaw losses today due to the lwsma showing on thing on a bar close and then repainting to another after price went the other direction.
  • #3,172
  • Jul 28, 2009 9:58am Jul 28, 2009 9:58am
Quoting thecambist
Hi edge,

it is true that it looks like that in hindsight but its not working because the lwma does repaint.

for example.There was just a buy signal at the aud jpy.The lwma was green after close of the block.The next block turned against you and after the block was finished the green lwma turned from green to yellow.

Same happened at the eur /jpy.The next signal was ok

Maybe i have to wait until another block is finished and it doesnt repaint after that.I will have a close look at that.

Just my observations
When block labeled 1 closed, the lwma was green,after block labeled 2 closed ,it changed back to yellow.

Any chance to avoid that??

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 81 KB
  • #3,173
  • Jul 28, 2009 9:59am Jul 28, 2009 9:59am
Quoting Edgetrader



...There are going to be bad trades, no way around such. Am not going to go into the probability materials again. I think the point asserted in the previous posting with the charts should serve as valuable food for though.

We can set charges with high quality tools and consistently blow stuff up, or, we can try to figure out what makes the explosives work and miss numerous opportunities...
Priceless!
  • #3,174
  • Jul 28, 2009 10:00am Jul 28, 2009 10:00am
Quoting SwingMan

.............
After a mile the monk run after him on the water and asks: how was the correct mantra, I forgot what you've told me...

Yes .... just as Edgetrader advised:

"Make yourself so proficient as to be able to do it in your sleep. Repetition breeds proficiency."

  • #3,175
  • Jul 28, 2009 10:08am Jul 28, 2009 10:08am
Hi Edge.....

I'm using 7-sma (7,0,6) as a replacement to lwma....

Cheers !
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 18 KB
  • #3,176
  • Jul 28, 2009 10:10am Jul 28, 2009 10:10am
what are these triangle things?
thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: triangle things.png Size: 7 KB
  • #3,177
  • Jul 28, 2009 10:11am Jul 28, 2009 10:11am
Quoting Superscalper
DOES THE RENKO REPAINT?
HOW DO U TRADE IT?
WERE CAN I FAIND PDF FOR IT? I GOOGL IT AND THERE IS NOTHING ABOUT IT ON THE NET

THENK U ALL FOR U R HELP

There is a pdf (about setup, I think) a few pages back, check the attachments at top right of page.
When you search for renko, you have to search for BAR not chart.

Steve
  • #3,178
  • Jul 28, 2009 10:20am Jul 28, 2009 10:20am
Quoting bruiser
There is a pdf (about setup, I think) a few pages back, check the attachments at top right of page.
When you search for renko, you have to search for BAR not chart.

Steve
THENKS ALOT

  • #3,179
  • Jul 28, 2009 10:20am Jul 28, 2009 10:20am
Quoting thecambist
When block labeled 1 closed, the lwma was green,after block labeled 2 closed ,it changed back to yellow.

Any chance to avoid that??

Regards
It looks like it retraced but ended up going in the right direction that you could have taken some pips.

I do not think i have seen any charts where it has totally reversed after a PROPER entry signal, without first giving up 5 pips.

just my observation and I'm sure someone will correct me
  • #3,180
  • Jul 28, 2009 10:21am Jul 28, 2009 10:21am
Quoting Syahmi
Hi Edge.....

I'm using 7-sma (7,0,6) as a replacement to lwma....

Cheers !
Interesting, price is reacting to the 7 (35 in 1min TF)
/ ... clarifying decisions ... /
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