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C4 Scalping

  • #6,881
  • Aug 17, 2009 6:21am Aug 17, 2009 6:21am
Quoting DXTrade
Well Edge... here they are:
The 1st chart is with the indi as used till now
The 2nd chart you have to have simultaneous crosses for an arrow
The 3rd chart is a Trix cross and if SMI main line is above/below signal line
The 4th chart is a SMI cross and only if Trix is above/below 0

Your turn now

PS I hope the order of charts in the post is ok. Otherwise its nitro.gif until nitro3.gif in that order
DXTrade,

I have a question for you (3rd chart/4th chart), Does the SMI cross occur before the arrow's brick, or the arrow appears when SMI already crossed the above/below line?

Regards,

GrZack
  • #6,882
  • Aug 17, 2009 6:22am Aug 17, 2009 6:22am
Quoting DXTrade
One of the versions on CHFJPY
Great work DX!!

Are we still assuming to enter on the close of the brick with the arrow? Or when the arrow appears? I think that these arrows are very close to Edge's signals..but i'm quite sure he trades the bricks with arrows...not the next bricks...so..

Let's wait for Edge's input...
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,883
  • Edited 9:54am Aug 17, 2009 6:28am | Edited 9:54am
Quoting Chris_B
Great work DX!!

I think that these arrows are very close to Edge's signals..but i'm quite sure he trades the bricks with arrows...not the next bricks...so..
I think the same
So "something" happens BEFORE the arrow appears.
It could belong to bears/bulls power or ... I'm just thinking...

update --> probably NOT, as Edge said: two indies only.
MAYBE, the Indexed Momentum cross happened before the white line crosses UNDER -20 or UPPER +20 lines...
  • #6,884
  • Aug 17, 2009 6:56am Aug 17, 2009 6:56am
DXTrade,
What is the best moment to open trade for you?
I mean, do you wait until the brick closed after an arrow appear. Because some time arrows appear and disappear in a few moments.

Thanks.
The Road appears under the steps of walking men...
  • #6,885
  • Aug 17, 2009 7:14am Aug 17, 2009 7:14am
I am missing something about the bomb indi ...
#1 USDJPY . We are after a Long Trix cross .So may be looking for a Long trigger .Why the trix bomb is red ? Why the MA is red ? , price is above MA(8) .Mom green is OK as Mom is above 100 level .
#2 EURJPY .After Short Trix cross .
Trix bomb red -OK , we are after short Trix cross .
Why MA is red ? Current price is above MA(8) .
It looks I don't understand how this indi works ...

The MA period settings...it's HMA (8,3,3) and we input only the period (8)or it's a SMA or EMA ?
Tks
David
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  • #6,886
  • Aug 17, 2009 7:25am Aug 17, 2009 7:25am
Another +5 E/U

Just good old price action
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  • #6,887
  • Aug 17, 2009 7:30am Aug 17, 2009 7:30am
As always I wait until the brick is closed as the arrow (cross) may disappear during the current candle. So the arrow only stays if the the cross of the trix or smi is still a cross after the brick is closed.
But you enter whenever you want.
The MA bomb is showing green when the current ma is bigger then the previous and red when its smaller. Same as the color change of the colored ma.
And it's not an HMA... its an 10,3,6 MA.
And David... if your settings in the dashboard are the same then in your trix... then I have no idea why it's doing that. Never happening on my chart as it is reflecting the exact value of the 2,1,1,1 trix.
"The only successful substitute for brains is silence."
  • #6,888
  • Aug 17, 2009 7:31am Aug 17, 2009 7:31am
Quoting david4u
I am missing something about the bomb indi ...
#1 USDJPY . We are after a Long Trix cross .So may be looking for a Long trigger .Why the trix bomb is red ? Why the MA is red ? , price is above MA(8) .Mom green is OK as Mom is above 100 level .
#2 EURJPY .After Short Trix cross .
Trix bomb red -OK , we are after short Trix cross .
Why MA is red ? Current price is above MA(8) .
It looks I don't understand how this indi works ...

The MA period settings...it's HMA (8,3,3) and we input only the period (8)or it's a SMA or...
David, since i started trading with the trend (as shown in the chart only - If candles higher in the left than in the right (down) - If candles lower in the left than in the right (up)) my success level is much higher. It takes much more patience but when the setups are correct and the momentum picks up, i am usually closing winning trades very quickly. I personally wouldn't be looking to go long in that chart, since the trend is telling me down. I really pay the most attention to the PA and then look at the bombs just for confirmation. Best of luck.

Regards
JC
  • #6,889
  • Aug 17, 2009 7:45am Aug 17, 2009 7:45am
Using the lastest and greatest from DX it appears to me at first glance that if the MI crosses before the Trix then entering on the break of the MA would be a safe bet (twice the momentum behind the trade), meaning entering the trade whilst the block with the arrow is forming.

If the MI crosses after the Trix then the time to enter would be during the formation of the block when the MI cross occurs.

Trades # 1/3/5 MI crossed before Trix, Enter trade during formation of trix box when PA crosses MA.

Trades # 2/6. MI and Trix cross together. Enter trade when PA crosses MA.

MI crosses during formation of box following Trix cross block. Enter trade when PA crosses MA.

Note that trade #3 would have been a loser if you were to wait for the block with the Trix arrow to close.

My 2 pennyworth.

Dave W
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  • #6,890
  • Aug 17, 2009 7:57am Aug 17, 2009 7:57am
40 pips within half an hour. Strangley I stopped watching anything except the PA.
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  • #6,891
  • Aug 17, 2009 8:05am Aug 17, 2009 8:05am
I have been staring at the Renko Candles

I have been trading with a repetitive formation in the market that occurrs over and over

The Renko candles display that very well

The new arrow appears mostly where you should be getting in on that brick at the start of that brick

For instance: The Euro is going down. At every pullback, you see a top form and at that point you have a three brick formation.

you are going short, so the end of the third candle base, where you will usually see the MA change color, you enter for your pips.

There is a market movement that is over and over and it is very hard to explain.

Food for thought for whatever it is worth.
  • #6,892
  • Aug 17, 2009 8:15am Aug 17, 2009 8:15am
Quoting SusanD
I have been staring at the Renko Candles

I have been trading with a repetitive formation in the market that occurrs over and over

The Renko candles display that very well

The new arrow appears mostly where you should be getting in on that brick at the start of that brick

For instance: The Euro is going down....
Can you annotate a chart and post it?
If you only trade long, then you can't always be wrong.
  • #6,893
  • Aug 17, 2009 8:20am Aug 17, 2009 8:20am
Sorry, I have tried to no avail. I am not good at this.
  • #6,894
  • Aug 17, 2009 8:24am Aug 17, 2009 8:24am
Quoting SusanD
I have been staring at the Renko Candles

I have been trading with a repetitive formation in the market that occurrs over and over

The Renko candles display that very well

The new arrow appears mostly where you should be getting in on that brick at the start of that brick

For instance: The Euro is going down....

On August 16th, this is one day ago!!, you wrote:
"This week I am going to try the Renko candles with Edge MA with the Trix opn the five min and the the MTF Trix on the 15 min.

If I am successful with my approach, will post the chart and how the trades if I can.

I do not know how to post a chart..."

Today you are posting this:
"I have been trading with a repetitive formation in the market that occurrs over and over

The Renko candles display that very well

The new arrow appears mostly where you should be getting in on that brick at the start of that brick

For instance: The Euro is going down. At every pullback, you see a top form and at that point you have a three brick formation.

you are going short, so the end of the third candle base, where you will usually see the MA change color, you enter for your pips.

There is a market movement that is over and over and it is very hard to explain..."

Can you please explain this inconsistency?

Best regards
/ ... clarifying decisions ... /
  • #6,895
  • Aug 17, 2009 8:29am Aug 17, 2009 8:29am
Quoting SusanD
Sorry, I have tried to no avail. I am not good at this.
Hi Susan:

Post a chart:

1) Right click on the chart

2) Click on SAVE AS PICTURE

3) Select the ACTIVE CHART AS IS button.

4) Enter a file name like "myC4chart" and save it to your desktop ( so you can find it easily )

5) Go to the FF thread you want to post in and click on post reply

6) Click on MANAGE ATTACHMENTS

7) Click the browse button and click on your chart file

8) Click OPEN

9) Click UPLOAD

10) Click on MANAGE ATTACHMENTS and click on the chart file

11) Click on SUBMIT REPLY
If you only trade long, then you can't always be wrong.
  • #6,896
  • Aug 17, 2009 8:31am Aug 17, 2009 8:31am
Quoting SusanD
I have been staring at the Renko Candles

I have been trading with a repetitive formation in the market that occurrs over and over

The Renko candles display that very well

The new arrow appears mostly where you should be getting in on that brick at the start of that brick

For instance: The Euro is going down....
One of the things I have noticed as I look at C4 is the market movement. I have been noticing that generally, on a 5 min candle, the price at the start of the candle reverses for about 3 minutes before resuming the trend in the direction of the previous candle. The only exceptions are when news events happen, or there are rapid movement on all pairs in one direction. I take very seriously if price moves against the previous candle's trend in the last two minutes of the candle. This most likely means the trend is over, and is starting to reverse. I have seen this over and over again.

Just my two cents. Check it out for yourselves. This may be part of what you are noticing.

Best wishes,

Cat Preacher
  • #6,897
  • Aug 17, 2009 8:34am Aug 17, 2009 8:34am
Quoting FrankenPip
Hi Susan:

Post a chart:

1) Right click on the chart

2) Click on SAVE AS PICTURE

3) Select the ACTIVE CHART AS IS button.

4) Enter a file name like "myC4chart" and save it to your desktop ( so you can find it easily )

5) Go to the FF thread you want to post in and click on post reply

6) Click on MANAGE ATTACHMENTS

7) Click the browse button and click on your chart file

8) Click OPEN

9) Click UPLOAD

10) Click on MANAGE ATTACHMENTS and click on the chart file

11) Click on SUBMIT REPLY
Was already explained to her some hours ago:
http://www.forexfactory.com/showpost.php?p=2958645&postcount=744
/ ... clarifying decisions ... /
  • #6,898
  • Aug 17, 2009 8:40am Aug 17, 2009 8:40am
I am liking this a lot. In about 5 minutes 4 +5 and done for the day my 2%.
Sweet
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  • #6,899
  • Aug 17, 2009 8:42am Aug 17, 2009 8:42am
Hi Friends,

I have been reading and reading over 100 pages and still cannot find the renko indicator, it is not on 1st post either, would anyone be kind enough to link me to the post where its posted.

Thanks a ton,
Mr Nims
  • #6,900
  • Aug 17, 2009 8:52am Aug 17, 2009 8:52am
Quoting mr_nims
Hi Friends,

I have been reading and reading over 100 pages and still cannot find the renko indicator, it is not on 1st post either, would anyone be kind enough to link me to the post where its posted.

Thanks a ton,
Mr Nims
Mr Nims,

it is nowhere, you should buy it, if you want to use it.

Regards,

Grzack
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