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C4 Scalping

  • #3,301
  • Jul 28, 2009 9:08pm Jul 28, 2009 9:08pm
Personally guys I have found everything I need to be on Page 1, post 1. I haven't added or changed a thing from that post and I am tickled at both the results AND the simplicity of the plan. Lol, nor do I plan on changing anything PERIOD! I only demo traded this for a little over a week before I was confident enough to go live, and even though I have only made 4 live trades with it, I am 4-0 and +24 pips (+7, +5, +5, +7). And I made those 4 trades while at the office trying to work today! I know Im going to take a few hits sooner-or-later but that's trading. But I honestly don't see why I (or anyone else) would want to change anything from that first post.

Now I may start looking at the Renko bars and experimenting a little but you can bet that will be treated as a totally seperate plan and will be traded completely seperate from the C4 plan.

Right now my attitude towards C4 is simply, "If it aint broke, don't fix it".

Good luck and happy pipping!

TTMarto

FYI, I'm going to try and start giving back a little by posting some of my good AND bad C4 trades just as soon as I figure out how to UL the charts! Last time I tried to post a chart it was 8 miles wide and everyone got pissed cuz it made the posts hard to read..

Good luck to all-----
  • #3,302
  • Jul 28, 2009 9:13pm Jul 28, 2009 9:13pm
Has anyone else notice how in sync the pairs are tonight/morning?
  • #3,303
  • Jul 28, 2009 9:28pm Jul 28, 2009 9:28pm
Quoting 45Fxguy
Has anyone else notice how in sync the pairs are tonight/morning?
yes I have, in fact I have taken trades on all four at once thus quadpupling the effects. a bit dangerous but hey , it could work
  • #3,304
  • Jul 28, 2009 9:59pm Jul 28, 2009 9:59pm
Quoting Jbar
yes I have, in fact I have taken trades on all four at once thus quadpupling the effects. a bit dangerous but hey , it could work
Wish they would run north up a little quicker this slow mo pa is painful to watch.
  • #3,305
  • Jul 28, 2009 10:06pm Jul 28, 2009 10:06pm
Quoting Gleneagles
Remember the good old days ..Trix and LWMA.

I better dust of the old Renko system and get on the train.

Nice PA today for trading.

GBPUSD +80
Glad you are still posting on the thread....

I learnt alot from your contributions.

It was a good day yesterday (Perth Time) I made over 130+ pips just trading with repeat entry with the overall trend.

Hope to continue to learn/confirm from your charts/input.

Still have to change to RENKO myself
  • #3,306
  • Jul 28, 2009 10:15pm Jul 28, 2009 10:15pm
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,...
Paradoxical: I think you meant to answer 4xstar not Lrathi. However, your chart was so clear that everyone who was confused before should NOT be anymore.

Thanks for the clear chart with explanation.

Thanks swingman for your excellent work!
  • #3,307
  • Jul 28, 2009 10:17pm Jul 28, 2009 10:17pm
Quoting SwingMan
@Dm3554

Quote:
Originally Posted by SwingMan http://static.forexfactory.com/forex...s/viewpost.gif (http://www.forexfactory.com/showthread.php?p=2908773#post2908773)
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.
_______________________________

Very good, you are on the right...
Swingman you make me laugh with the good photo..... What cut & paste can do!!
  • #3,308
  • Jul 28, 2009 10:24pm Jul 28, 2009 10:24pm
Here the next +5
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 14 KB
"The only successful substitute for brains is silence."
  • #3,309
  • Jul 28, 2009 10:26pm Jul 28, 2009 10:26pm
anybody got that update stops to b/e EA working? mine places the stop loss and updates stops to b/e but doesn't take profit.thx!
  • #3,310
  • Jul 28, 2009 10:40pm Jul 28, 2009 10:40pm
I've done some good thinking today. Most successful day trading c4/nitro for me so far.

Renko setup (+5.2, +5, +10)

C4 setup (+5.3, +4.5, +5)

6 out of 6. +34 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy +5 72809.gif Size: 17 KB
Click to Enlarge Name: +4.5 eurjpy 72809.gif Size: 19 KB
Click to Enlarge Name: +5.3 eurusd 72809.gif Size: 17 KB
Click to Enlarge Name: eurjpy +10 72809.gif Size: 22 KB
  • #3,311
  • Jul 28, 2009 10:50pm Jul 28, 2009 10:50pm
Quoting Edgetrader
OK, so 'Hull" is the primer and Trix block or indi the detonator?

Regards and Thanks
Good to get the official approval of HULL MA in this stratgey. I mentioned it way back in the thread as a good choice of an MA.....

Glad you are still here EDGE....

Leaving too early as chief is no good!
  • #3,312
  • Jul 28, 2009 10:55pm Jul 28, 2009 10:55pm
Quoting sirogreness
Something about Edge's nitro and these yen crosses just keep winning. I took 10 here, closed 70% at 5 pips. I also trade normal c4 but am definitely glad to be on the renko bandwagon.

HI Sirogreness

i like your chart , can your put on your indicators and tp ??? thanks!!!!
  • #3,313
  • Jul 28, 2009 11:00pm Jul 28, 2009 11:00pm
Quoting DETrader
Here is a shot of the chart, the Hull MA is red/aqua, and the other 2 are the MA in color with applied price: 8,3,6 as mentioned by edge and a new setting mentioned earlier of 7,0,6.
http://static.forexfactory.com/forex...1&d=1248803913 (http://www.forexfactory.com/attachment.php?attachmentid=280052&d=1248803913)


Thanks for this chart showing HULL vs sma and wma at settings previous recommended. I have used HULL for years with positive pips....

On the chart shown everytime HULL changes colour it is easy to get 5pips... whether counter trend or trading with the trend....

HULL MA RULES EVERYTIME! Glad it is finally official in this strategy.

My earlier suggestion was swept under the carpet ! I did mention HULL early in the thread as the MA of choice....

I am smiling.....
  • #3,314
  • Jul 28, 2009 11:06pm Jul 28, 2009 11:06pm
Your post is exactly why I like to have people introduce any and all indicators for review and consideration. You never know unless you at least take a look at it. Maybe some here still won't think it's better. That's cool. Others might change to it because it has a small "edge", which is what we are looking for.
Quoting lrathi
http://static.forexfactory.com/forex...1&d=1248803913 (http://www.forexfactory.com/attachment.php?attachmentid=280052&d=1248803913)


Thanks for this chart showing HULL vs sma and wma at settings previous recommended. I have used HULL for years with positive pips....

On the chart shown everytime HULL changes colour it is easy to get 5pips... whether counter trend or trading with the trend....

HULL MA RULES EVERYTIME! Glad it is finally official in this strategy.

My...
  • #3,315
  • Edited 11:28pm Jul 28, 2009 11:07pm | Edited 11:28pm
Wow...miss 20 hrs and it looks like C4 Nitro (Renko) has taken off like wild fire........Is there anyone still trading the Original C4 Blow the Crap out of things method?? After getting my head wrapped around it and trading it live... it's a "KISS" system..have played with Renko a little...but not as confident in the system as so many here are...but then again it's hard to teach an old dog new tricks.......so I will stay with original C4...and lurk at the Renko fans.

Just an idea...and with edges blessing, maybe there should two threads..one for C4 and one for Nitro (Rinko), this would cut down on chatter for those wanting to learn and trade C4 versus those who wish to learn and trade the new Nitro(Renko) version.......Any thoughts from anyone...or is better to stay all as one group...Just thinking out loud...Ok I will shut up and crawl back into the cave....
  • #3,316
  • Jul 28, 2009 11:08pm Jul 28, 2009 11:08pm
Quoting golden1
Swingman has an exceptional point that works on many pairs actually..
but you must use the 4 col trix, its not a correct setup if the down triangle appears and the 4col histrogram is light red/pinkish not the bright red
the last 2 histobars have to be the deep red for these conditions to be met.. the same for a long, it has to be the real deep green not the light green, those are not lined up signals.

Brian
Perhaps a chart with the correct version of TRIX and examples on the chart will help everyone on this thread understand Swingman's explanations. I do not have Renko yet otherwise I am a happy trader to help out like I have done in the past on several occasions.
  • #3,317
  • Jul 28, 2009 11:24pm Jul 28, 2009 11:24pm
Quoting 4xStar
Each day gets a little better. It is a matter of gaining confidence as much as anything else. I am working without a set SL because I am finding that trades that go against you, usually return to your favor at least for the 5-10 pips. It may seem silly to see -20 or more and then later to collect only 5 pips .. but at the end of the day my account is up and that is what counts. Also that this can happen consistently, day after day.
Before I would have good days and bad days .. the bad days usually wiped out the good days. Now using 'less is more'...
In the official strategy... EDGE has an option for conservative and aggressive trading.

CONSERVATIVE and therefore I regard higher probability trading.... trade with the HIGHER TF participation......

I see you mention 3 ducks as your indicator for higher TF participation....
I see DXTrade infor indicator has an option for TRIX higher TF participation....
I find add a MA higher setting on the chart....like those using WMA 8,3,6 (now 8,4,6) ...USE WMA 32,3,6(32,4,6).. Take trades in the direction of the higher MA. I find price when it retraces will return to this higher MA and bounce off.
For HULL 9,2,3 experiment and see the optimal settings... I still have to do this....

Hope this helps....

I have alot of success in pips!
  • #3,318
  • Jul 28, 2009 11:45pm Jul 28, 2009 11:45pm
Quoting JazzmanQ2
I think that I saw the hull repaint here. Look at the difference in Edges chart with the same settings except my MA 8, 3, 6 and Edges 8, 4, 6...hmmmm. Is this another mt4 thing? Edges chart on left. The Hull on my chart and the MA looked the same ...now look. Trix reacted differently in the histo too.
Q
Looks like from the TOP left hand corner of both charts....

You are NOT comparing APPLES with APPLES.....

Get the same indicators and settings the same and then compare!
  • #3,319
  • Jul 28, 2009 11:46pm Jul 28, 2009 11:46pm
Quoting redhouse
If you are referring to the hull posted today, yes I have seen it repaint too.

Stick it on an active M1 chart and won't take long to notice it.
Repaint on CLOSE of candle OR during an open cnadle??
  • #3,320
  • Jul 28, 2009 11:59pm Jul 28, 2009 11:59pm
Quoting LarryDavid
Wow, what a thread. Stumbled onto this thread yesterday, and have spent most of today reading through the many pages. There is some fantastic stuff in here. Edge, thanks for setting out, step by step, a simple but incredibly effective trading strategy. I think that everyone, irrespective of whether they actually go ahead and trade this system live, can take something away from this thread to help them become better traders. Also big big thanks to Swingman and Tudorgirl. SM, I'm starting to test out your trix indicators, and they look the real deal,...
And to Tudorgirl, I don't understand 90% of what you say, but I'm just honoured to be in the presence of a real life rocket scientist.

Another ..... thankyou for WHAT????

WOW!!!!!

Trading forex..... sharing images not indicators....
Advertising her profession..... How many of us have to do this on FF???

Advertising she is AN ENGLISH Female looking for LOVE on FF...?????

Has not help me make PIPS as yet.....

Swingman and EDGE YES.YES .YES.
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