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C4 Scalping

  • #5,641
  • Aug 7, 2009 6:11am Aug 7, 2009 6:11am
Quoting 4xStar
From that chart it looks like you are waaiting for a significant pullback in trend from the trix indicator .. just touching the zero line doesn't count, right? Are you also looking for some closes above the ma line as well?
And last .. what would cause you to take a counter-trend move?
For example, in GU above, you would want trix to go positive, significantly, more than a couple of bars, then go negative again for a few bars,then return positive and obviously a close above the ma ... but would you be looking for anything else to signal a change...

Actually my charts doesnt tell the whole story. I have been using 2 Trix indicators. One set at the normal 3,E,E,E,C from wich the trades are taken from and one set at 12,E,E,E,C to filter and for direction. In both trades the 12Trix was negative and MA was sloping down. I just waited for the 3Trix to turn negative and in each case that is also when the PA broke below the MA.
  • #5,642
  • Aug 7, 2009 6:28am Aug 7, 2009 6:28am
Wow, last time I trade when news is imminent. I was short U-CAD up 10.4 pips and from 6:01 to 6:03 AM It went -32 pips against me.

Of course I had just turned off my stop loss

Wow...I'll never just open a position again, I'll open and immediately check the calendar based on what I entered.
  • #5,643
  • Aug 7, 2009 6:43am Aug 7, 2009 6:43am
Quoting pilotui
Wow, last time I trade when news is imminent. I was short U-CAD up 10.4 pips and from 6:01 to 6:03 AM It went -32 pips against me.

Of course I had just turned off my stop loss

Wow...I'll never just open a position again, I'll open and immediately check the calendar based on what I entered.

I hear ya... I have been burned in the past as well. Now I wont trade 20 minutes before or after a important release.
  • #5,644
  • Aug 7, 2009 6:52am Aug 7, 2009 6:52am
Quoting Bam Bam
I hear ya... I have been burned in the past as well. Now I wont trade 20 minutes before or after a important release.
great idea!
  • #5,645
  • Aug 7, 2009 7:10am Aug 7, 2009 7:10am
Here is 2 more trades for +5 and with that I am done for the day. Have a great weekend...
Attached Images
  • #5,646
  • Aug 7, 2009 7:32am Aug 7, 2009 7:32am
Followed the rules on E/U and it got me started right this morning. All 4 pairs for a long doing well, sadly only took a position in E/U..
Oh well, thanks edge for your superb system...
  • #5,647
  • Aug 7, 2009 7:41am Aug 7, 2009 7:41am
Man I am glad I stayed out during the last few minutes. Looks like a total whipsaw.
4XTrader2
  • #5,648
  • Aug 7, 2009 7:42am Aug 7, 2009 7:42am
Managed to get a solid set of big +10's working with the old C4 this morning.

A few derailments before NFP release, immediately signaled for extraction and am headed back to base to catch some delicious powdered eggs and bacon, topped of with a piping hot cup-o-joe.

Have changed settings on my C4 with HMA going to 12,3,3 and SM Scalper candles going to 3,1,1,1.

Am using HMA as primer and Trix as detonator. Will look at this further today and may eliminate trix if I think this setup works better.

Gets in a move a bit later but move has time to develop a bit first. We shall see.

Regards.
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  • #5,649
  • Aug 7, 2009 7:46am Aug 7, 2009 7:46am
That was a quick spike on the EU...jumped up and then slammed down...hope nobody was caught with there pants down....made for some good scalping on the returns though...
  • #5,650
  • Aug 7, 2009 7:49am Aug 7, 2009 7:49am
Sorry Edge, won't do it again... but was tempted to trade the news with this setup. Hard core test... in my live account.
Don't do this guys... just a demonstration which accidentally worked out.

+10 and +52 in about 5 minutes...
Will delete this post tomorrow... just a bit show-off
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"The only successful substitute for brains is silence."
  • #5,651
  • Aug 7, 2009 7:51am Aug 7, 2009 7:51am
Quoting cgforex
That was a quick spike on the EU...jumped up and then slammed down...hope nobody was caught with there pants down....made for some good scalping on the returns though...
If your broker let you...FXCM hosed me again!! I placed 7 sell orders in 3 minutes on EU...not one of them filled even with a 5 pip variance for fill price...Just missed out on easily 100 pips.

Good thing I have NITRO..>I'll be getting back that 100 all day today (at lest until Noon CST)
  • #5,652
  • Aug 7, 2009 8:03am Aug 7, 2009 8:03am
Quoting DocPMD
DX,

I would like to eventually try your indicators/settings on the Tradestation platform. But I can't figure out what filter you are using for the arrows. Can you please help with this?

I am currently trading C4 to get a better feel for scalping, but hope to graduate to Nitro soon. Any help you can provide would be appreciated.

Doc
Hey Doc I use TS too. Did you figure out how to change the trix color in TS? You can pm me if you want. Thanks!
Rob
  • #5,653
  • Aug 7, 2009 8:08am Aug 7, 2009 8:08am
just got +5 +5 and +5, but I dont' think I'll trade so soon after NFP again, it was all a bit fast for my nerves.
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  • #5,654
  • Aug 7, 2009 8:31am Aug 7, 2009 8:31am
A study how the Laguerre reacts to Renko in comparison to CRB after NFP release.
Attached Image(s) (click to enlarge)
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/ ... clarifying decisions ... /
  • #5,655
  • Aug 7, 2009 8:47am Aug 7, 2009 8:47am
Quoting profundo
Trading with 5 pips target and 20 pips SL? A chart with 100% winning trades? Next step......a private site where you only pay $99 to get the strategy that makes you win 100% of the times?

People.........wake up.

Best Regards
Speaking of a SCAM. You guys won't believe this!!!!!!!!!! Someone is already advertising the FXNitro EA to be released on Aug 16th. Here is the URL with a video of it trading!!!!!!!
http://www.fxnitro.com/win/

Who is this person you think? One of the members here? Could this be DXT's EA?? I was stunned to find this and I wanted to share the info with you since the group is very good at sniffing out scammers
If it backtests good run it live!
  • #5,656
  • Aug 7, 2009 8:47am Aug 7, 2009 8:47am
Quoting pilotui
If your broker let you...FXCM hosed me again!! I placed 7 sell orders in 3 minutes on EU...not one of them filled even with a 5 pip variance for fill price...Just missed out on easily 100 pips.

Good thing I have NITRO..>I'll be getting back that 100 all day today (at lest until Noon CST)
Better to have missed the trades and leave with nothing than leave -100pips...It does suck when a broker won't place a trade...which usually happens during news times...but like you said with C4/Nitro the pips will come..
  • #5,657
  • Aug 7, 2009 8:48am Aug 7, 2009 8:48am
No C4 trades yesterday. Only one today for +5 detonated shortly after the NFP.

Updated my chart layout on Edge's suggestion. I like how the direction Trix(5) and (15) are both shown in one corner now without taking up chart real estate on the bottom.

Plan for next week: Pay attention to price action and continue to be patient with C4 bombings.

Have a good w/e everyone.

Chart attached.
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  • #5,658
  • Aug 7, 2009 8:48am Aug 7, 2009 8:48am
Quoting walb99
A study how the Laguerre reacts to Renko in comparison to CRB after NFP release.

So... what's your conclusion on this matter ? Leave renko and buy CRB ?
  • #5,659
  • Aug 7, 2009 8:51am Aug 7, 2009 8:51am
Quoting fxspeedster
Speaking of a SCAM. You guys won't believe this!!!!!!!!!! Someone is already advertising the FXNitro EA to be released on Aug 16th. Here is the URL with a video of it trading!!!!!!!
http://www.fxnitro.com/win/

Who is this person you think? One of the members here? Could this be DXT's EA?? I was stunned to find this and I wanted to share the info with you since the group is very good at sniffing out scammers
Nitro with candlesticks?

Good luck on that one.

Regards.
  • #5,660
  • Aug 7, 2009 8:57am Aug 7, 2009 8:57am
Quoting fxspeedster
Speaking of a SCAM. You guys won't believe this!!!!!!!!!! Someone is already advertising the FXNitro EA to be released on Aug 16th. Here is the URL with a video of it trading!!!!!!!
http://www.fxnitro.com/win/

Who is this person you think? One of the members here? Could this be DXT's EA?? I was stunned to find this and I wanted to share the info with you since the group is very good at sniffing out scammers
From the video..I don't see how it's C4 or Nitro....don't think it came from DXT or anyone else from this tread for that matter.
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