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C4 Scalping

  • #5,801
  • Aug 9, 2009 12:13am Aug 9, 2009 12:13am
Quoting sako
you are right about cci6 on mom4 as a trigger
I originally had cci12 on a different indicator called indexed momentum against k bar delta A -(set at 2,8,8,3 ) had to cross both momentum lines.
Indy was posted by a guy called jason101 on this c4 tread
theses two momentum indys with the two cci settings look pretty good but need to play with it.
Could you two please take this discussion to another thread or to pm? Piphunt said he has not made money trading. Edge has been making an excellent return for years. That's why we are learning from Edge.
******************* I'd rather make money than be right.
  • #5,802
  • Aug 9, 2009 2:41am Aug 9, 2009 2:41am
Quote
Could you two please take this discussion to another thread or to pm

Posted apology in post 5799
  • #5,803
  • Edited 9:38am Aug 9, 2009 2:57am | Edited 9:38am
hi all

i just want you all to see the attachment shows an indic with 2 gold lines and 1 blue line between them when ever the blue line reach the upper gold line then it is the time to get red of ur postion and the and the other way araound for the lower gold line

just have a look on to it
Attached Image (click to enlarge)
Click to Enlarge Name: 14512_indi.JPG Size: 131 KB
  • #5,804
  • Aug 9, 2009 3:13am Aug 9, 2009 3:13am
Quoting at the best
hi all

i just want you all to see the attachment shows an indic with 2 gold lines and 1 blue line between them when ever the blue line reach the upper gold line then it is the time to get red of ur postion and the and the other way araound for the lower gold line

just have a look on to it
Sigh... if only Bots could read the first post...
How do you make a small fortune in Forex? Start with a large one!
  • #5,805
  • Aug 9, 2009 5:13am Aug 9, 2009 5:13am
Quoting paidperpip
Sigh... if only Bots could read the first post...
I didn't realize bots could make posts .... did u report it in clean up? I will do that as well.
******************* I'd rather make money than be right.
  • #5,806
  • Aug 9, 2009 6:33am Aug 9, 2009 6:33am
Can someone pls explain why the ADX in the window is Down ?
Is the calculation based on a different TM than M2 ?

Can someone explain the ATR result High/Low...
Is it based only on some ratio between ATR (5) & ATR (20) ?
Is the formula available ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: adx.gif Size: 55 KB
  • #5,807
  • Aug 9, 2009 7:36am Aug 9, 2009 7:36am
Quoting david4u
Can someone pls explain why the ADX in the window is Down ?
Is the calculation based on a different TM than M2 ?

Can someone explain the ATR result High/Low...
Is it based only on some ratio between ATR (5) & ATR (20) ?
Is the formula available ?
Tks
David
ATR5 > ATR20 = High

And would you guys please check an indicator showing status information during times where he can do this?
No tick data = no info!
"The only successful substitute for brains is silence."
  • #5,808
  • Aug 9, 2009 7:47am Aug 9, 2009 7:47am
Btw... wheres the problem?
ADX is above 25 and DI- is above DI+
All fine though!

What Does Average Directional Index - ADX Mean?
An indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional so it will quantify a trend's strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.
"The only successful substitute for brains is silence."
  • #5,809
  • Aug 9, 2009 8:21am Aug 9, 2009 8:21am
Quoting at the best
hi all

i just want you all to see the attachment shows an indic with 2 gold lines and 1 blue line between them when ever the blue line reach the upper gold line then it is the time to get red of ur postion and the and the other way araound for the lower gold line

just have a look on to it .......
(a) you're in the wrong thread
(b) you post a screen shot which is far wider than it should be.

Please delete your unnecessary post, and find out how to post screenshots properly as expected by posters in FF.
  • #5,810
  • Aug 9, 2009 8:28am Aug 9, 2009 8:28am
Quoting DXTrade
Btw... wheres the problem?
ADX is above 25 and DI- is above DI+
All fine though!

What Does Average Directional Index - ADX Mean?
An indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional so it will quantify a trend's strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.
Further, why have renko with wicks? Defeats the entire purpose of their usage. Yeah, I know, some like to see ALL the PA. Like it will matter. With a store bought renko, I would really be careful on skewing the indicator readings by adding this supposed little gem. If you want wicks, why not just trade C4, plenty of them there.

I believe page one clearly states that it is the BOTTOM THREE indicators in the DX meter that really matter to me personally. Momentum and Trix are all I think one needs. Trix gives direction / strength and Momentum is self explanatory.

Need not address reading a meter based on live data when market is closed, Uli already has mentioned this.

GREEN LONG, RED SHORT. HIT THE DETONATOR!!!!!!!

Am just doing a 'tag along' on your post DX, as I am not really feeling like addressing issues I see in a few postings before yours.

We also see CCI and swing trading 'orange lines' making an appearance. I see that CCI is claimed to make a 'quicker' entry. No trades to prove this but trading is all about which tools work for a trader. I simply cannot understand why a person cannot ever provide proof of a statement. Show me just 100 trades with the base indicators compared to these proposed better indicators. This wll not involve too much more wasted trading effort time.

Actually, the 'orange line' thing should be proposed over on Indrek's thread. I believe they are looking for discussion on new indicators and enjoy researching viability for such. Do not know why folks cannot match their efforts and philosophies to a thread created for such.

Regards.
  • #5,811
  • Aug 9, 2009 8:45am Aug 9, 2009 8:45am
DxTrade
First of all I am new here , but I can say that your contribution to the thread is of great value to all .
The explanation regarding ADX & DMI/DI is correct .
If you want to give a value about the strength of the trend, then you should use ADX . In my chart , the value of ADX is 33.7 which is higher than 25 therefore the trend is STRONG .
If you want to give a value about the direction (w/o taking the strength into consideration) then may be is more precise to use the term DMI in the window(?).
Therefore I can assume that the info in the window refers to DMI/direction and not to the ADX/strength
Tks
David

Quoting DXTrade
Btw... wheres the problem?
ADX is above 25 and DI- is above DI+
All fine though!

What Does Average Directional Index - ADX Mean?
An indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional so it will quantify a trend's strength regardless of whether it is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.
Attached Image (click to enlarge)
Click to Enlarge Name: adx dmi.gif Size: 55 KB
  • #5,812
  • Aug 9, 2009 8:46am Aug 9, 2009 8:46am
Quoting gbppip
"Humans, Lehrer points out, are wired for prediction: Our ability to think ahead is such an extraordinary evolutionary advantage that when our decisions validate an apparently correct prediction, our brain's anterior cingulate cortex receives a pleasurable jolt of dopamine. It's also why we're predisposed to find patterns where there are none; we take random clusters in sports and believe they are "hot streaks," and schizophrenics and slot-machine addicts desperately seek patterns where none exists."

[i]"Look,...
Here is a good posting for all.

Welcome to Probability Theorem Trading 101.

Some may remember one of my previous 'rants' whereby I mentioned it was easier to show grade school children how to trade a methodology as their minds were not full of those so called trading wisdoms spewed forth through time.

I wonder if I can show and 'critter' a base set of indicators pointing north or south and see if it will simply follow the directional pointer as shown to them. Or, will they sit up on their hind quarter, scratch their ears and ask why? Simple conditioned response should work with this.

Show the critter the indicator direction, place some cheese in the direction of the indicator and it will quite rapidly lose all apprehension and take the 'setup' every time. Make the cheese piece large enough so that it gets its fill in only a few 'treats' and it will not gorge themselves. They will come back the next day for repetition of the exercise.

Pull the cheese away a few times and it may sting a bit, but still it will show the tenacity to continue taking setups that provide reward many more times than not.

HMMMMMM!

Regards.
  • #5,813
  • Aug 9, 2009 8:48am Aug 9, 2009 8:48am
Quoting david4u
DxTrade
First of all I am new here , but I can say that your contribution to the thread is of great value to all .
The explanation regarding ADX & DMI/DI is correct .
If you want to give a value about the strength of the trend, then you should use ADX . In my chart , the value of ADX is 33.7 which is higher than 25 therefore the trend is STRONG .
If you want to give a value about the direction (w/o taking the strength into consideration) then may be is more precise to use the term DMI in the window(?).
Therefore...
Both...
Both conditions have to be true... otherwise it will show "Flat"
The idea was to find flat, ranging markets...
"The only successful substitute for brains is silence."
  • #5,814
  • Aug 9, 2009 8:55am Aug 9, 2009 8:55am
Quoting david4u
DxTrade
First of all I am new here , but I can say that your contribution to the thread is of great value to all .
The explanation regarding ADX & DMI/DI is correct .
If you want to give a value about the strength of the trend, then you should use ADX . In my chart , the value of ADX is 33.7 which is higher than 25 therefore the trend is STRONG .
If you want to give a value about the direction (w/o taking the strength into consideration) then may be is more precise to use the term DMI in the window(?).
Therefore...
OK, I am going to allow you the 'newbie' status claimed a make only one point so as to move on from this.

Take a GOOD look at your chart again. You have no less than EIGHT different confirmatonal indicators ALL telling you the same thing.

Now, a quick except from page one reads:

C4 Scalping...
This methodology (scalping) is definitely not rocket science. You do not need a PhD. nor any other advanced educational degree to succeed in trading this style! Further, you do not need to be proficient in identifying S/R, placing pivot points or working with Gann Fans or Fibonacci retracements. Lastly, you do not eight separate indicators all telling you the same thing.

You are thinking this thing to death and expending a heck of alot of energy for nothing David. Breath in and breath out. Relax. You are going to blow yourself up here.

One, two, three, BOOM! Keep it simple!

Best Regards.
  • #5,815
  • Aug 9, 2009 9:02am Aug 9, 2009 9:02am
Quoting Edgetrader
Here is a good posting for all.

Welcome to Probability Theorem Trading 101.

Some may remember one of my previous 'rants' whereby I mentioned it was easier to show grade school children how to trade a methodology as their minds were not full of those so called trading wisdoms spewed forth through time.

I wonder if I can show and 'critter' a base set of indicators pointing north or south and see if it will simply follow the directional pointer as shown to them. Or, will they sit up on their hind quarter, scratch their...
It is called FOLLOWING INSTRUCTIONS. There's a huge audience here viewing this thread. Some people are here to learn and profit. Those are the ones who are following the instructions in post #1. Some people have other motivations. What better place to "show off" their "bag of tricks" to entice others.

In just about every class, there is a class clown, the dunce, the one who thinks he is smarter than the teacher, the class star, the teacher's pet, etc... As you read this, think about your role in Edgetrader's class. I am the "studious one".
  • #5,816
  • Aug 9, 2009 9:22am Aug 9, 2009 9:22am
Breath in and breath out. Relax.

OK MASTER... I HAVE ADDED THIS TO MY KEYBOARD ...
HOPE IT WILL HELP

IT'S NOT ME
IT'S MY BRAIN (-:
LOOKS TO EASY WHEN YOU SHOW YOUR +5+5+5+5+5+5+5
THANK YOU SIR
David
Attached Image
  • #5,817
  • Aug 9, 2009 9:24am Aug 9, 2009 9:24am
Will answer all PM's in the next days... hopefully tomorrow.
It's night here and I'm off for sleeping.
"The only successful substitute for brains is silence."
  • #5,818
  • Aug 9, 2009 9:39am Aug 9, 2009 9:39am
Quoting david4u
Breath in and breath out. Relax.

OK MASTER... I HAVE ADDED THIS TO MY KEYBOARD ...
HOPE IT WILL HELP

IT'S NOT ME
IT'S MY BRAIN (-:
LOOKS TO EASY WHEN YOU SHOW YOUR +5+5+5+5+5+5+5
THANK YOU SIR
David
Good man!

Imagine how easy it would look if I show +3!!!

Regards.
  • #5,819
  • Aug 9, 2009 10:07am Aug 9, 2009 10:07am
Quoting DXTrade
Will answer all PM's in the next days... hopefully tomorrow.
It's night here and I'm off for sleeping.
DX, first let me thank you for ALL your great contributions to this thread. After updating my template to match the new setup from our teacher, i went to practice using the simulator on C4. One thing i noticed is that the Trix(M15) doesn't change at all. If when i start my simulator Trix(M15) is green (Up), it will stay in that mode for the rest of the simulation session regardless of the direction of the market. Do you think it is just an issue with the simulator? Has someone experience the same thing i am?

Best regards and once again Thank you.
Off course my constant gratitude for Edge as well.

JC
  • #5,820
  • Aug 9, 2009 11:07am Aug 9, 2009 11:07am
Quoting Analda3
DX, first let me thank you for ALL your great contributions to this thread. After updating my template to match the new setup from our teacher, i went to practice using the simulator on C4. One thing i noticed is that the Trix(M15) doesn't change at all. If when i start my simulator Trix(M15) is green (Up), it will stay in that mode for the rest of the simulation session regardless of the direction of the market. Do you think it is just an issue with the simulator? Has someone experience the same thing i am?

Best regards and once again Thank you....
Yes it is a simulator issue. The simulator can only display indicators correctly of the same Timeframe .E.g. running the simulator on period M5 it cannot access the history of the M15 at the same time.
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