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C4 Scalping

  • #4,721
  • Aug 3, 2009 8:20am Aug 3, 2009 8:20am
Good Morning Edge!

I have been following your thread for some weeks now; back tested and demo tested the initial C4 philosophy with much success. I have however, run across several times inwhich I have had my tail handed to me on a silver platter (just this morning in fact). On my chart I have the MA Color as my primer, LWMA as the detonator and smTrix as a safety. I enter trades only when all 3 confirm the trade and exit as soon as the detonator or safety change colors. Usually this works well however; I find that when the market has moved into a consolidation pattern or becomes really choppy I consistently get into a loosing situation. This morning for instance my first and second trades both were loosers, the next trade I held back not sure what the market was doing and would have been successful. Any advise?
  • #4,722
  • Aug 3, 2009 8:24am Aug 3, 2009 8:24am
Hello,

This is my first post in this thread and I would like to thank everyone for all the valuable info in this thread.
Im glad the latest posts are back on track.

So I want to contribute to this thread with a trade from today.
I took this trade based on the trix arrow and the break of the trendline,got a nice +5 and im out.

Really like the "less is more"

Jeroen
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  • #4,723
  • Aug 3, 2009 8:25am Aug 3, 2009 8:25am
Quoting Chris_B
First trade for today...
Gold Stars for yourself and 'LuckyLady'.

Good focus on simple signal generation.

Huge amount of energy focused on the developmental ea as expecting.

Riding out the storm myself and simply contemplating the possible solutions to virtually everything known to mankind. Will take some time
to formulate hypothesis and advise on findings.

Regards.
  • #4,724
  • Aug 3, 2009 8:33am Aug 3, 2009 8:33am
Quoting paradoxical
Choppy market in the EU and GU this morning. I put the 21 EMA on my chart and compared it with the 8 and/or 12 LWA. Would be a lot fewer trades, but looks like it keeps you out of the choppy areas most of the time.
That's the entire point.

Why take a chance? Especially on GU, where things move a lot in such a short period of time.

If you're not too thrilled with looking at a MA line on your chart and want something "prettier", I believe someone posted the "HAMA" indicator, which, by default was coded around this, unless someone recoded it
--- Gone --- RIP 11/27/09
  • #4,725
  • Aug 3, 2009 8:35am Aug 3, 2009 8:35am
Quoting Boham
Good Morning Edge!

I have been following your thread for some weeks now; back tested and demo tested the initial C4 philosophy with much success. I have however, run across several times inwhich I have had my tail handed to me on a silver platter (just this morning in fact). On my chart I have the MA Color as my primer, LWMA as the detonator and smTrix as a safety. I enter trades only when all 3 confirm the trade and exit as soon as the detonator or safety change colors. Usually this works well however; I find that when the market has moved into...
I would need the visual assistance of a chart shot to see what you did.

Regards.
  • #4,726
  • Aug 3, 2009 8:36am Aug 3, 2009 8:36am
Quoting tekoja
Hello,

This is my first post in this thread and I would like to thank everyone for all the valuable info in this thread.
Im glad the latest posts are back on track.

So I want to contribute to this thread with a trade from today.
I took this trade based on the trix arrow and the break of the trendline,got a nice +5 and im out.

Really like the "less is more"

Jeroen
Nice little C4 detonation. Spot on.

Regards.
  • #4,727
  • Aug 3, 2009 8:40am Aug 3, 2009 8:40am
Quoting IrishPips
That's the entire point.

Why take a chance? Especially on GU, where things move a lot in such a short period of time.

If you're not too thrilled with looking at a MA line on your chart and want something "prettier", I believe someone posted the "HAMA" indicator, which, by default was coded around this, unless someone recoded it
Very good point.

You can use the 'bread and butter' indicators or the flashy ones telling you the same thing. Thread has been involved in the indicator thing for quite some time.

As for the plan itself, it was noted yesterday that we are coming full circle and are almost right back where we started from. Have mentioned a few times the difference between the conservative and aggressive trading approaches.

Regards.
  • #4,728
  • Aug 3, 2009 8:44am Aug 3, 2009 8:44am
Momentum is the answer. You need a way to determine if momentum is sufficient enough to drive the price past your TP.

Getting 5 or 10 pips on a big move is easy. Getting 5 or 10 pips on a small move is more challenging. We like easy.

Quoting Boham
Good Morning Edge!

I have been following your thread for some weeks now; back tested and demo tested the initial C4 philosophy with much success. I have however, run across several times inwhich I have had my tail handed to me on a silver platter (just this morning in fact). On my chart I have the MA Color as my primer, LWMA as the detonator and smTrix as a safety. I enter trades only when all 3 confirm the trade and exit as soon as the detonator or safety change colors. Usually this works well however; I find that when the market has moved into...
  • #4,729
  • Aug 3, 2009 8:48am Aug 3, 2009 8:48am
I have moved renko into Experts from scripts and still freezing and not working.... just a contiinous problem

Can anyone offer any different suggestions?

thanks

I have good history just no movement in the offline charting
  • #4,730
  • Aug 3, 2009 8:56am Aug 3, 2009 8:56am
Hi all, finally finished reading all posts Thanks for starting the thread Edgetrader, much appreciated.

For those people who aren't overly impressed with MT4 (like myself..), and want a free option to run Renko charts, you might want to give NinjaTrader a go. (Note: if you want to use it on your live account and trade of their charts you will have to pay for the software, however, the charting (using a demo feed) is free).

It comes standard with range bars; to have the option of showing Renko bars you have to go here:
http://www.fin-alg.com/renkobars.html

Happy trading!
  • #4,731
  • Aug 3, 2009 9:03am Aug 3, 2009 9:03am
Quoting VinceTheBeast
Hi all, finally finished reading all posts Thanks for starting the thread Edgetrader, much appreciated.

For those people who aren't overly impressed with MT4 (like myself..), and want a free option to run Renko charts, you might want to give NinjaTrader a go. (Note: if you want to use it on your live account and trade of their charts you will have to pay for the software, however, the charting (using a demo feed) is free).

It comes standard with range bars; to have the option of showing Renko bars you have to go here:
http://www.fin-alg.com/renkobars.html

Happy...
Thanks Vince I use NT for futures I'll give it a shot. Too bad we don't have the indicators to go with it. Thanks though!Rob
  • #4,732
  • Aug 3, 2009 9:08am Aug 3, 2009 9:08am
NT has TRIX and WMA.

Quoting Longboat
Thanks Vince I use NT for futures I'll give it a shot. Too bad we don't have the indicators to go with it. Thanks though!Rob
  • #4,733
  • Aug 3, 2009 9:10am Aug 3, 2009 9:10am
Quoting Edgetrader
I would need the visual assistance of a chart shot to see what you did.

Regards.
I have attached my screenshot! FYI.. the black "road" is nothing more than a series of MA's that I placed on last week to attempt to overcome the ranging or consolidation pattern. I don't trade when the candles are stuck in between the sides of the road. Also I usually scalp for 10 pips.

I appreciate your assistance!
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  • #4,734
  • Aug 3, 2009 9:12am Aug 3, 2009 9:12am
Quoting zznbrm
NT has TRIX and WMA.

All they will need.

Regards.
  • #4,735
  • Aug 3, 2009 9:14am Aug 3, 2009 9:14am
Quoting Boham
I have attached my screenshot! FYI.. the black "road" is nothing more than a series of MA's that I placed on last week to attempt to overcome the ranging or consolidation pattern. I don't trade when the candles are stuck in between the sides of the road. Also I usually scalp for 10 pips.

I appreciate your assistance!
Ok, will review.

Is this the only pair you are watching?

Regards.
  • #4,736
  • Aug 3, 2009 9:26am Aug 3, 2009 9:26am
Quoting kapitolking
I have moved renko into Experts from scripts and still freezing and not working.... just a contiinous problem

Can anyone offer any different suggestions?

thanks

I have good history just no movement in the offline charting
Under the inputs tab for the Renko, do you have it set at 'live' trading?
  • #4,737
  • Aug 3, 2009 9:29am Aug 3, 2009 9:29am
Hi IrishPips,

Sorry to ask this...I'm sure it's just me that dosen't understand...but could you please provide a little bit more of an explanation re ..."wait for the PA to close *cleanly* -or a fair distance above or below the line relative to your trade position".

Thanks,

Freddi

Quoting IrishPips
the SM Trix *almost* mirrors a very widely known (secret weapon) of traders.-the 21 EMA

The LWMA [applied price]is good, but if you put EMA 21 will be much ..
  • #4,738
  • Aug 3, 2009 9:31am Aug 3, 2009 9:31am
The HMA and the LWA are the two indicators I compared it to. When you put all three on a chart, you can see the very best trades are as you suggested, and also that those trades will many times go for quite a few pips after the pair moves above or below the 21 EMA. While there are trades that would get you 5-10 pips when either the HMA or LWA are not in agreement with the 21 EMA, from what I see, those trades are quite a bit more iffy than if you would only trade that pair long when it's above the 21 EMA, and short when it's below the 21 EMA. I haven't done any lengthy tests on it as yet. This is just visual for now. However, I did make one trade on the EU awhile ago where everything was above that was a winner, and as eveyone knows, the EU is still going up and up. A nice addition, and maybe even one to replace the others. I'm sure everyone would prefer less trades than choppy trades.
Quoting IrishPips
That's the entire point.

Why take a chance? Especially on GU, where things move a lot in such a short period of time.

If you're not too thrilled with looking at a MA line on your chart and want something "prettier", I believe someone posted the "HAMA" indicator, which, by default was coded around this, unless someone recoded it
  • #4,739
  • Aug 3, 2009 9:32am Aug 3, 2009 9:32am
live trading is not checked should it be?






Quoting Edgetrader
Under the inputs tab for the Renko, do you have it set at 'live' trading?
  • #4,740
  • Aug 3, 2009 9:33am Aug 3, 2009 9:33am
4 trades on eu

+20

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