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C4 Scalping

  • #3,901
  • Jul 30, 2009 4:36pm Jul 30, 2009 4:36pm
it did but was scalping a set up that was too complicated and even though was making me money, was causing me stress, just never got to the point of feeling comfortable with it. my charts were not speaking to me.

Quoting Pardy
Don't know why you deserted it in the first place, seems to have done you well!!
  • #3,902
  • Jul 30, 2009 4:37pm Jul 30, 2009 4:37pm
Quoting nsteve
I have followed this thread from the beginning, learnt a lot and expressed gratitude, but somewhere I seem to have missed the reasoning behind the different currency pairs recommended for C4 and Nitro. If both are targeting +5 pips, why the difference?

Kindly just point me to the post I missed or briefly explain (without flame).

hi neill,

check out this post
http://www.forexfactory.com/showpost.php?p=2916699&postcount=3763

in it , edge talks about why e/u is not suitable for nitro trading after testing. same goes 4 the other pairs, i guess. as i think they don't yield the results edge is looking 4. thanks.
  • #3,903
  • Jul 30, 2009 4:43pm Jul 30, 2009 4:43pm
Thread is only 20 days old, and has 261 pages. I bet that's a record for FF.
  • #3,904
  • Jul 30, 2009 4:44pm Jul 30, 2009 4:44pm
Here is something I've been playing with over the last couple hours
ignore all the indi's just looking at possibilities.

But.. changed settings on tg ssc to 5,45,0,7,3.0
It is the white line. The yellow is default settings

The lines I added correspond perfectly with possible entries. Most of which look good. It may even be possible to trade the high and low retracement reliably.

These are not trades I took, just an observation looking backward.

Any thoughts or comments are welcome.

Greg
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  • #3,905
  • Jul 30, 2009 4:44pm Jul 30, 2009 4:44pm
Hi Everyone,

Just a general broadcast -- I opened PM just 24 hours ago because Tex wanted to PM me and now I have over 100 PMs in the box!! I promise I will try and get back to you all but it might not be in the next few hours!!

Thanks for all the kind words.

Anne
  • #3,906
  • Jul 30, 2009 4:49pm Jul 30, 2009 4:49pm
Quoting paradoxical
Thread is only 20 days old, and has 261 pages. I bet that's a record for FF.

yeah, after u log off 4 the day n login the next day. u will find that there r pages of backlog 2 read. makes finding posts more difficult also, at the rate it is growing. also, people know a good thing when they see 1. hahaha
  • #3,907
  • Jul 30, 2009 4:49pm Jul 30, 2009 4:49pm
lol you knew better anne

Quoting TudorGirl
Hi Everyone,

Just a general broadcast -- I opened PM just 24 hours ago because Tex wanted to PM me and now I have over 100 PMs in the box!! I promise I will try and get back to you all but it might not be in the next few hours!!

Thanks for all the kind words.

Anne
  • #3,908
  • Jul 30, 2009 4:51pm Jul 30, 2009 4:51pm
Quoting TudorGirl
Hi Everyone,

Just a general broadcast -- I opened PM just 24 hours ago because Tex wanted to PM me and now I have over 100 PMs in the box!! I promise I will try and get back to you all but it might not be in the next few hours!!

Thanks for all the kind words.

Anne
good gracious anne, good luck fending off the ea seeking army.
  • #3,909
  • Edited 6:51pm Jul 30, 2009 4:55pm | Edited 6:51pm
Quoting 4xtrader2
Open Question for C4 Strategy:
In trying to determine stop losses instead of using the suggested 20 pips for 10 pip TP or roughly half that for a +5 pip TP, is there any advantage to using ATR to calculate the SL and TP when entering a trade?...
Hey 4x,
To avoid stoplossfest 2009 try 2-2.5 deviations from your variable ATR.
That should give a better feel.
  • #3,910
  • Jul 30, 2009 4:58pm Jul 30, 2009 4:58pm
Quoting Maelstrom
I think Edge had mentioned HA candles on Renko. Just a heads up that it may be something you guys want to look into. Last two days, 12 trades on GU, all wins, no losses, targeting 10 pips per trade. Actual total was 113 on the actual trades, but positive all the same, even today with spotty PA.

Going back into the shadows again....
Hello,
Please, can you explain more about this setup?. Syahmi posted this kind off idea already in post #3714. I have the Renko, but how can I get the HA candles involved?
Regards,
Caz
  • #3,911
  • Jul 30, 2009 5:12pm Jul 30, 2009 5:12pm
Quoting pilotui
How do I insert the color changing MA into another indicator space or on top of my Trix?

hi pilotui,

do u want 2 put 2 of the indis in the same window?? if that is the case. open the navigator. find the indi u want from it. then click n drag the indi onto the trix indi window.

if the indi doesn't appear. then it means the indi cannot be put together with other indis. it can only be put on the charts. thanks
  • #3,912
  • Jul 30, 2009 5:22pm Jul 30, 2009 5:22pm
I have 2 quick questions. #1 what size renko bars are you using? #2 how are you using the ha candle to improve your entries?

Brian

Quoting Syahmi
Amazing Renko Script using C4 template......

Guys... look at the HMA channel, providing the trend for the current Renko chart... same setting for smTrix indy... and TG Indy..

P/S: Using Renko bars... I then replaced it with Heiken Ashi... and use my current template for C4.....

Amazing how effectively Renko script can be fully applied without worrying about timeframe anymore......

Try it out guys...

Cheers !
  • #3,913
  • Jul 30, 2009 5:27pm Jul 30, 2009 5:27pm
What if one was to enter an OCO order above and below the forming Renko brick. The extent of the forming brick is known but not which way it will finally break. Am I missing a key point here - it cannot be that simple!!
Karl
  • #3,914
  • Jul 30, 2009 5:28pm Jul 30, 2009 5:28pm
Great thank you for this information, I need to ask you a really important question, and it may be that I haven't slept really since Sunday but if you could just fully explain how the HA candle is helping you with your entries and allowed you to take these trades with so little draw down...I just want to make sure that I understand how they are benefiting you in the Renko setup.
And I assume they provide the same benefit on the other pairs we are trading. Thank you.

Brian

quote=Maelstrom;2917644]I think Edge had mentioned HA candles on Renko. Just a heads up that it may be something you guys want to look into. Last two days, 12 trades on GU, all wins, no losses, targeting 10 pips per trade. Actual total was 113 on the actual trades, but positive all the same, even today with spotty PA.

Going back into the shadows again.... [/quote]
  • #3,915
  • Jul 30, 2009 5:32pm Jul 30, 2009 5:32pm
Still trying to work with TG Sync. settings 5, 35, True, 7, 3
Looks like a good way to filter out some bad trades!
Q
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The Only Constant Is Change!
  • #3,916
  • Jul 30, 2009 5:33pm Jul 30, 2009 5:33pm
Quoting scartree
What if one was to enter an OCO order above and below the forming Renko brick. The extent of the forming brick is known but not which way it will finally break. Am I missing a key point here - it cannot be that simple!!
Karl
Yes it can! That is precisely what I do because you know well in advance the only two possible prices the bar can close at. So you can prepare the OCO orders in slow time and just go with the flow!

Anne
  • #3,917
  • Jul 30, 2009 5:35pm Jul 30, 2009 5:35pm
Quoting JazzmanQ2
Still trying to work with TG Sync. settings 5, 35, True, 7, 3
Looks like a good way to filter out some bad trades!
Q
Hey Jazzman - that is looking good! You have turned on the Signal Cleaner option. With your other settings it looks like some very clean entries and some bad ones filtered! Great stuff!!

Anne
  • #3,918
  • Jul 30, 2009 5:37pm Jul 30, 2009 5:37pm
Quoting TudorGirl
Hey Jazzman - that is looking good! You have turned on the Signal Cleaner option. With your other settings it looks like some very clean entries and some bad ones filtered! Great stuff!!

Anne
Yes, Ive been tinkering on this for about 7 hrs now...starting to get excited
Thanks TG!
You Rock
Q
The Only Constant Is Change!
  • #3,919
  • Jul 30, 2009 5:47pm Jul 30, 2009 5:47pm
Hi all,
Have been following this with interest , firstly absorbing the content and then secondly putting it in to practice. Using the original C4 method i have scalped succesfully for the last few days.

As i feel comfortable with trading this way and have been able to execute the methodology to good effect i wanted to move on to the Renko derivitive of the process.

I have set up jap/yen as i believe it should be and simply seek clarification that i have implemented the indicators correctly.

Thanks SC
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  • #3,920
  • Jul 30, 2009 6:16pm Jul 30, 2009 6:16pm
Ok, I think I have the C4 figured out...can someone kindly look over this screenshot...it seems as though it's working well for me (3 winning trades)

But I'd appreciate some confirmation!

Thanks!!!

Darren
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