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C4 Scalping

  • #6,761
  • Aug 15, 2009 10:26am Aug 15, 2009 10:26am
Quoting Chris_B
If you read all the thread i guarantee you that you will find also losing trades....search in my posts...and you will find them...
But in the last days my losing trades are very rare...because i'm LEARNING... and i hope i will have the less losing trades as possible day by day..
Not even going to bother with a poster with a count of 8 to their credit, and bouncing thread to thread looking for trading results.

They will be allowed to read if they are so inclined, but that is all.

Regards.
  • #6,762
  • Aug 15, 2009 10:36am Aug 15, 2009 10:36am
Quoting scartree
Hi Edge

I'm a bit behind this morning - just catching up on the o/night posts. In Post 6700 (and in other posts previously) you show your trades and profits on each trade. Some are +5 but others are +10. At what stage do you set your TP and on what basis would you set +10 as your TP. Is this a product of perceived momentum?

I have reduced my chart 'mess' but it has been a struggle for an old indi junkie!! DX has aided that process - the latest dashboard is good - thanks for all the hard yakka DX. I am finding that the nerves are stretched a...
There is a plethora of informaton with both C4 and Renko if you have all pairs up and running.

Actually, is quite easy to see overall market activity.

As for those +10's, that is at my discretion and is based upon pair volatility and momentum I believe is behind the move.

As mentioned previously, when one is able to trade the base plan day in and day out for a respectable period of time, they can then alter the limits to the plan as they see fit.

Until then it is best to simply work the plan on demo, hit targets on both TP and account preset paramaters and reset and do it again.

Regards.
  • #6,763
  • Aug 15, 2009 10:44am Aug 15, 2009 10:44am
Quoting jacson101
Yeah,
You're gonna have to ask the boss on that one.
But I must say, it's just another momentum indy.
You've got quite a few here already. I've just been playing around with this one...
...have a good weekend.
Hi jacson!

I thought you were the coder of the Indexed Momentum indi. Is this not correct?
/ ... clarifying decisions ... /
  • #6,764
  • Aug 15, 2009 11:11am Aug 15, 2009 11:11am
Edge , one more example . Will appreciate your input if possible .
EY trade . EY + GY - OK , with red bricks , red HMA , Mom bellow 100 .
CY+AY . What are they doing ?
I can say : Blue HMA , Mom above 100 (up signals)
BUT I can say that the price was moving down , and from the previous brick , the price have moved down almost 20 pips...and probably before giving a Trix+Mom cross (?).
Would you say that ALL for pairs were moving in sync ?
Would have taken this trade ?
General Q : For Renko , do you recommend to add to the 4 pairs EU+GU or the 4 is ALL we need ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: ey 2017+5.gif Size: 100 KB
  • #6,765
  • Aug 15, 2009 11:17am Aug 15, 2009 11:17am
Quoting walb99
Hi jacson!

I thought you were the coder of the Indexed Momentum indi. Is this not correct?
Walb
Nope, am an amateur with mt4.
Any mt4 user can do a search on different types of momentum indicators.
Looked at your screen shots, thanks!
Notice how Renko does all the work for it.
Although, I like the extremes, the 'noise' of normal candles and smoothing of renko together.
Not sure this post will help the whole thread in any way, you could always use
PM.

Thanks
  • #6,766
  • Aug 15, 2009 11:57am Aug 15, 2009 11:57am
Quoting david4u
Edge , one more example . Will appreciate your input if possible .
EY trade . EY + GY - OK , with red bricks , red HMA , Mom bellow 100 .
CY+AY . What are they doing ?
I can say : Blue HMA , Mom above 100 (up signals)
BUT I can say that the price was moving down , and from the previous brick , the price have moved down almost 20 pips...and probably before giving a Trix+Mom cross (?).
Would you say that ALL for pairs were moving in sync ?
Would have taken this trade ?
General Q : For Renko , do you recommend to add to...
Trend was short all day. Would have looked hard at any short opportunity.
Pairs do not move tic for tic in sync. Are not looking to trade them all at exactly the same time. Simply looking for unison in PA movement and take those signals per pair as they come. Maybe 5 or so minutes apart as they all have different volatility applied to them.

If EY and GY already went short, would have probably taken those provided the PA on AY and CY was turning short also. EY and GY will get to +5 much quicker than the other two. Just want them all moving together in the same direction generally. Also, need to note which pair is leading the move. I do not look at GY as a leader, so need real confrmaton from the others first. That is why so many of my GY trades show late entry. Be parient and let the developing PA bring a potential trade to you. No need to go looking for them.

Remember, these are 10 tic charts and take some decent PA just to build the Renko bricks.

No, I would not have taken the trade as I do not trade after my set time. While Renko can be traded 24 hours with a bit more confidence than Nitro, I stick to my time to trade always.

No, I do not recommend adding EU and GU.

Regards.
  • #6,767
  • Aug 15, 2009 12:23pm Aug 15, 2009 12:23pm
Quoting jacson101
Walb
Nope, am an amateur with mt4.
Any mt4 user can do a search on different types of momentum indicators.
Looked at your screen shots, thanks!
Notice how Renko does all the work for it.
Although, I like the extremes, the 'noise' of normal candles and smoothing of renko together.
Not sure this post will help the whole thread in any way, you could always use
PM.

Thanks
Does anybody here know, who the coder of the Indexed Momentum Indi is?
Would be great to get a hint.
/ ... clarifying decisions ... /
  • #6,768
  • Aug 15, 2009 12:29pm Aug 15, 2009 12:29pm
Edge
Is there a leading pair ? USDJPY (?)
or do you look at the 4 as a whole ?
Tks
David

"I do not look at GY as a leader, so need real confrmaton from the others first. That is why so many of my GY trades show late entry. "
  • #6,769
  • Aug 15, 2009 12:46pm Aug 15, 2009 12:46pm
Quoting david4u
Edge
Is there a leading pair ? USDJPY (?)
or do you look at the 4 as a whole ?
Tks
David

"I do not look at GY as a leader, so need real confrmaton from the others first. That is why so many of my GY trades show late entry. "
Nope, not going there.

That would be almost indentical to introducing a single pair as a leading indicator. Doing such would cause all focus on the overall market PA to be lost and one would simply concentrate on one pair.

Get rid of GY and use UY and work on following the big picture scenario.

Strength begets strength.

Regards.
  • #6,770
  • Aug 15, 2009 12:57pm Aug 15, 2009 12:57pm
Quoting jacson101
Here, see if this helps cut down on your CPU usage
Sorry Edge.
This ain't rocket science as you are clearly trying to show everyone.

Many already headed in the wrong direction.

ALL PA IS MOMENTUM BASED folks. Without it, you have no PA movement and no trading opportunities. C4 and MT4 Nitro are MOMENTUM based trading plans.

Put the indi on your charts, scroll back 100 years and check the crosses.

Look at Nitro MT4 very closely. How many times is there a +5 or so available on the cross?

Indicator is live so no repainting issue. A cross is a cross.

Plan is to trade with minimal indicators and by observing PA.

Lets stay in the moment. Pretty nice opportunity for the ea techies to do some work here also. Lets see if they can do so and present something 'tested' and viable.

Nice work 'J' and thanks.

Highest Regards.
  • #6,771
  • Edited 2:20pm Aug 15, 2009 2:00pm | Edited 2:20pm
Hi Edge
From 2009/08/13 charts ...
All 4 pairs cross up simultaneously at 6:28 .
1 1/2 hours later , at 8:05 the UY cross .
Would you consider entering Long on the UY cross
as a very high probability trade ?
Is this a case where you would have entered to the 4 pairs simultaneously or GY
would have been always the last pair to enter ?
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: uy 805.gif Size: 119 KB
  • #6,772
  • Aug 15, 2009 2:16pm Aug 15, 2009 2:16pm
Whew !!...just read every single page. What a great thread. Thanks, Edgetrader, DX,SM et al for your time and effort.
I REALLY hate to do this in my very first post...but...I Googled Renko + MT4 and saw the freebie (that the thread advised against) and a bunch of "how-to-use" posts but none on where to get it. Would someone mind letting me know the source to purchase Renko ? (please/thank you).
Also , GLENEAGLE, would you mind emailing me, I've got a few questions for ya.
I'm new here so I can't PM/Email anybody. I don't know if I can receive PM's or not. If not, please use [email protected].
Thanks again, looking forward to learning how to be a profitable trader (5 pips at a time).
KRLY
  • #6,773
  • Aug 15, 2009 2:27pm Aug 15, 2009 2:27pm
Quoting walb99
Does anybody here know, who the coder of the Indexed Momentum Indi is?
Would be great to get a hint.
I believe the indicator in question is "Stochastic Momentum Index" created by William Blau and explained in his book. Look around the 'net for SMI.mq4 - there is a good version at MT4 Codebase...
Old Benjamin was right
  • #6,774
  • Aug 15, 2009 2:35pm Aug 15, 2009 2:35pm
Quoting Lou G
I believe the indicator in question is "Stochastic Momentum Index" created by William Blau and explained in his book. Look around the 'net for SMI.mq4 - there is a good version at MT4 Codebase...
Bingo!
  • #6,775
  • Aug 15, 2009 2:38pm Aug 15, 2009 2:38pm
Quoting Lou G
I believe the indicator in question is "Stochastic Momentum Index" created by William Blau and explained in his book. Look around the 'net for SMI.mq4 - there is a good version at MT4 Codebase...
Hi Lou, thank you, found it!
I would like to send you a PM, would you please turn this option on.
Don't want to clutter this thread with boring coding stuff.

Best regards
/ ... clarifying decisions ... /
  • #6,776
  • Aug 15, 2009 2:51pm Aug 15, 2009 2:51pm
Quoting walb99
Hi Lou, thank you, found it!
I would like to send you a PM, would you please turn this option on.
Don't want to clutter this thread with boring coding stuff.

Best regards
Done.
Old Benjamin was right
  • #6,777
  • Aug 15, 2009 3:30pm Aug 15, 2009 3:30pm
...because I don't know of a simple way to avoid posting my trade account number which appears in the upper left-hand corner. Of course everyone who wanders in here off the Internet is honest and trustworthy but I'd rather not take the chance. I suppose I could put the .gif through GIMP and block out the account number but I usually don't want to take the time.

However, if Edgetrader does not want to see individual charts, I'll stop posting them.

Best to all,

Lou
Old Benjamin was right
  • #6,778
  • Aug 15, 2009 4:34pm Aug 15, 2009 4:34pm
Hi Lou G
There are some easy to use graphics programs around (freeware) that allow you to save a pic of the screen so that you can mask the top of the screen with the account info. I use Paint Shop Pro but there are many others. You should save the pic as a .gif file which can be uploaded to to your posting. Others are Camtasia or Snagit - not sure if these are freeware but google 'free screen savers' and see what you can find.
Regards Karl
  • #6,779
  • Aug 15, 2009 5:03pm Aug 15, 2009 5:03pm
Quoting scartree
Hi Lou G
There are some easy to use graphics programs around (freeware) that allow you to save a pic of the screen so that you can mask the top of the screen with the account info. I use Paint Shop Pro but there are many others. You should save the pic as a .gif file which can be uploaded to to your posting. Others are Camtasia or Snagit - not sure if these are freeware but google 'free screen savers' and see what you can find.
Regards Karl
Thanks, Karl - the program I mentioned (GIMP) is open-source and works well on Linux which is my operating system of choice - just an extra step to go through when I am busy trading.
Old Benjamin was right
  • #6,780
  • Aug 15, 2009 5:31pm Aug 15, 2009 5:31pm
For anybody who may have overlooked this,
Edge's posts #6769 and #6773 say it all.

Thanks again Edge!!

Mike
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