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C4 Scalping

  • #5,761
  • Aug 8, 2009 9:48am Aug 8, 2009 9:48am
Quoting david4u
1.I don't understand why I see in the Info window Trix(M2) Up .
Isn't the Trix down ? or it's because we are having a white/bullish candle ?
2. Regarding smRenko signals_v3
my bricks are set to 10 , but the Brick lines are not showing the range correctly .
Pls advice
Tks
David
Why is you DX meter showing a M2 when it is defaulted at M5?

Regards.
  • #5,762
  • Aug 8, 2009 9:50am Aug 8, 2009 9:50am
Quoting Edgetrader
Why is you DX meter showing a M2 when it is defaulted at M5?

Regards.



Disregard, I see it now on the Nitro setup. Will have to get with DX on that one.
  • #5,763
  • Aug 8, 2009 9:51am Aug 8, 2009 9:51am
Quoting jacson101
Greetings FXEZ,
Good post.
Allow me to chime in.
.
.
.
I think folks here have all the tools needed to be to proficient at this methodology regardless of experience.
Though, I must say in my humble opinion, this is a momentum strategy.

Best,
Jacson,
IMHO, this has ALWAYS been a momentum strategy.

Identify the momentum and trade with it for 5 pips. There is a VERY high probability that you will get 5 pips in a short time. The longer you are in the market the more the probability of this decreases. A simple and highly effective strategy that we should all thank Edge for teaching us.

The trick is to identify the momentum and this is what the indicators are for. (and the problem that I have )

Regards,
John.
  • #5,764
  • Aug 8, 2009 9:53am Aug 8, 2009 9:53am
Quoting ayseaf
Hi

Do u have both indicator THV T3 & COG THV ? can u post them .

Thanks
I would NOT do that on the thread. Read the front page. Exchange via e-mail if you like just keep ALL new indicators out of the thread please.

Regards.
  • #5,765
  • Aug 8, 2009 9:59am Aug 8, 2009 9:59am
Quoting Edgetrader
Why is you DX meter showing a M2 when it is defaulted at M5?

Regards.

Dx my meter is also defaulted to M2...
  • #5,766
  • Aug 8, 2009 10:03am Aug 8, 2009 10:03am
Looks like the M15 trix is the one defaulted.

The upper one shows the current time frame of chart.
  • #5,767
  • Aug 8, 2009 10:09am Aug 8, 2009 10:09am
Quoting redhouse
Looks like the M15 trix is the one defaulted.

The upper one shows the current time frame of chart.
Yes...i think that the M2 TRIX is the TRIX applied on the renko chart...
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,768
  • Aug 8, 2009 11:00am Aug 8, 2009 11:00am
Quoting paradoxical
COG means Center of Gravity, and the theory is that things will return to the center, which is a logical assumption, because like a rubber band, when the tension becomes too great (the pair far away from the center), it is being pulled as if by the force of gravity back to the center. Trading in this fashion is really counter trend trading, because you're betting that the pair will move back to the center.
There are problems with this, which is that the center changes with the flow as time goes on. Like a MA, you have a "center" that changes....
Very good observation. COG and L3 Semifor repaint so much that when you look at the chart after trading live.. you will wonder if you were even watching the same signals live. A slightly better option is the BelkHyate_timing indicator but this repaints as well even though not as much. My recommendation is to stick to "what you see is what you get" approach and not chase the repaint ghosts with your hard earned money. I am not posting this to discredit the COG post and I offer a warm thanks to mgs1f for his contribution.
If it backtests good run it live!
  • #5,769
  • Aug 8, 2009 11:24am Aug 8, 2009 11:24am
Quoting fxspeedster
Very good observation. COG and L3 Semifor repaint so much that when you look at the chart after trading live.. you will wonder if you were even watching the same signals live. A slightly better option is the BelkHyate_timing indicator but this repaints as well even though not as much. My recommendation is to stick to "what you see is what you get" approach and not chase the repaint ghosts with your hard earned money. I am not posting this to discredit the COG post and I offer a warm thanks to mgs1f for his contribution.

Agreed ! I used COG before - for live trading - a lot of headache... repainting so much.... not advisable to use.

Cheers !
  • #5,770
  • Edited 11:58am Aug 8, 2009 11:29am | Edited 11:58am
Edge,

Are your C4 setting now HMA 12,3,3 and Trix 3,1,1,1 as per a recent posting (5650) of yours?

Regards,

Paul.
  • #5,771
  • Aug 8, 2009 11:45am Aug 8, 2009 11:45am
Quoting stav01
Edge,

Are your C4 setting now HMA 12,3,3 and Trix 3,1,1,1 as per a recent posting of yours?

Regards,

Paul.
Paul,

Edge updated C4 and Nitro within the last 24 hours. You will get your answers here:

http://www.forexfactory.com/showpost.php?p=2866815&postcount=1

Regards
  • #5,772
  • Aug 8, 2009 12:37pm Aug 8, 2009 12:37pm
Just to make sure I understand correctly
On bar 1 the HMA is half green & half pink .
Simultaneosly at the beginning of bar 2 the red arrow of the Trix indicator will be placed .I can assume that at the beginning of bar 2 the HMA color will be pink ...
When is the earliest time I can enter short ? At the beginning of bar 2 ?
Is it important or not that may be the price at the beginning of bar 2 will be at the same level/price as the HMA ?
Can u see a correct entry except for the one marked on the chart ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: timing.gif Size: 53 KB
  • #5,773
  • Aug 8, 2009 12:37pm Aug 8, 2009 12:37pm
Quoting msiamd
Hi All,

Just read most of the thread. I also want to thank Edge for explaining his method, and all others who contributed to this thread.
Next week i'm going to try this method.
But is still got a question: When everything is ok (primer, charger, detonator) en we can hit the ignitor, do you people use a script to place the trade or are you place the trade by hand?

Thanks and happy trading next week.
I have never known a demolition expert that would let a robot do their work. Without doing the work, how do you become an expert?

Regards.
  • #5,774
  • Aug 8, 2009 12:40pm Aug 8, 2009 12:40pm
Quoting david4u
Just to make sure I understand correctly
On bar 1 the HMA is half green & half pink .
Simultaneosly at the beginning of bar 2 the red arrow of the Trix indicator will be placed .I can assume that at the beginning of bar 2 the HMA color will be pink ...
When is the earliest time I can enter short ? At the beginning of bar 2 ?
Is it important or not that may be the price at the beginning of bar 2 will be at the same level/price as the HMA ?
[b]Can u see a correct entry except for the one marked on the chart...
Where is your 'detonator'?

That would indeed be a good entry point. However, trying to time a perfect entry is an exercise in futility. History shows that PA will accommodate very often in order to get 5 pips. With any momentum at all this is not to difficult. We do not control PA. It is what it is. We only control the trading plan prerequisites. That is all any trading plan will do.

Regards.
  • #5,775
  • Aug 8, 2009 1:11pm Aug 8, 2009 1:11pm
Quoting Edgetrader
Where is your 'detonator'?

Regards.
My Detonator is DXTrade Info v8 . It shows the current information , not information from the past .
I need Trix (M5 or M2 ?) to be down .
I need Trix(M15) to be down (same setting 2,1,1,1 ?)
I need the momentum bellow 100 .
I have added Trix MTF M5 & M15 (to answer my question).
If I understand properly , no short can be taken on point 2 as Trix 15 was up . So the Short possibility on point 2 is cancelled .
On point 3 no Long trade can be taken as Trix M5 is still down and only at point 4 the Long trade can be placed .
Am I right ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: detonator.gif Size: 63 KB
  • #5,776
  • Aug 8, 2009 1:17pm Aug 8, 2009 1:17pm
Is there any way you can post a template of those guppy's you showed. I am not familar with how to set those up and it your system looks very interesting. Would love to test it.
  • #5,777
  • Aug 8, 2009 1:20pm Aug 8, 2009 1:20pm
Quoting david4u
My Detonator is DXTrade Info v8 . It shows the current information , not information from the past .
I need Trix (M5 or M2 ?) to be down .
I need Trix(M15) to be down (same setting 2,1,1,1 ?)
I need the momentum bellow 100 .
I have added Trix MTF M5 & M15 (to answer my question).
If I understand properly , no short can be taken on point 2 as Trix 15 was up . So the Short possibility on point 2 is cancelled .
[b]On point 3 no Long trade can be taken as Trix M5 is still down and only at point 4 the Long trade...
Are U sure that the wicks on renko are not influencing your indicators? Try to take the wicks out..
And then...my opinion...you don't need the TRIX 5M but the trix based on renko...quite every time when momentum 4 crosses 0 line...also trix 2 crosses 0 line
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,778
  • Aug 8, 2009 1:42pm Aug 8, 2009 1:42pm
Tks Chris ... good point to check.
Will wait for the master's opinion if we need :
Trix M2 +Trix M5 +Trix M15 to be all of the on the same direction
at the entry point...
David
Quoting Chris_B
Are U sure that the wicks on renko are not influencing your indicators? Try to take the wicks out..
And then...my opinion...you don't need the TRIX 5M but the trix based on renko...quite every time when momentum 4 crosses 0 line...also trix 2 crosses 0 line
  • #5,779
  • Aug 8, 2009 1:49pm Aug 8, 2009 1:49pm
Quoting david4u
Tks Chris ... good point to check.
Will wait for the master's opinion if we need :
Trix M2 +Trix M5 +Trix M15 to be all of the on the same direction
at the entry point...
David
Not the M5 Trix...

If you watch DXInfo it has TRIX M2 (renko) and TRIX 15 and Momentum..

If you watch your chart...you have an entry short on bar marked as 1...momentum is down...so the trix M2..and trix 15 is still down...

You have an entry long on the bar marked 3...momentum is up, so the trix M2..and the trix 15 is up...

Is the trix M5 that keeps you out from these trades...but Trix M5 is not part of the nitro setup..

Hope it helps..
Market is like a puzzle, YOU have to fit the pieces!!
  • #5,780
  • Aug 8, 2009 2:07pm Aug 8, 2009 2:07pm
Chris
take a look at EdgeTrader's post #5763 & #5764

Quoting Chris_B
Not the M5 Trix...

If you watch DXInfo it has TRIX M2 (renko) and TRIX 15 and Momentum..

If you watch your chart...you have an entry short on bar marked as 1...momentum is down...so the trix M2..and trix 15 is still down...

You have an entry long on the bar marked 3...momentum is up, so the trix M2..and the trix 15 is up...

Is the trix M5 that keeps you out from these trades...but Trix M5 is not part of the nitro setup..

Hope it helps..
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