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C4 Scalping

  • #6,901
  • Aug 17, 2009 9:03am Aug 17, 2009 9:03am
This might work now, I hope.

I guess I am a trader, not a blogger.

I tried to mark the area with a yellow line the tell you where to get in

The MA and the retrace over the Pivot all come together. The next pivot would be you potential profit

Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: my renco chart for ff.gif Size: 28 KB
  • #6,902
  • Aug 17, 2009 9:07am Aug 17, 2009 9:07am
Interesting, but you are trading a pair that we do not trade with this method and using indicators we don't use. So this is not really relevant to what we are doing on this thread.

Note to walb99: are you suspecting another TG??

Quoting SusanD
This might work now, I hope.

I guess I am a trader, not a blogger.

I tried to mark the area with a yellow line the tell you where to get in

The MA and the retrace over the Pivot all come together. The next pivot would be you potential profit

Good Luck
******************* I'd rather make money than be right.
  • #6,903
  • Aug 17, 2009 9:10am Aug 17, 2009 9:10am
Ain't that the truth!

Quoting Analda3
I am liking this a lot. In about 5 minutes 4 +5 and done for the day my 2%.
Sweet
Attachment
******************* I'd rather make money than be right.
  • #6,904
  • Aug 17, 2009 9:12am Aug 17, 2009 9:12am
Quoting SusanD
This might work now, I hope.

I guess I am a trader, not a blogger.

I tried to mark the area with a yellow line the tell you where to get in

The MA and the retrace over the Pivot all come together. The next pivot would be you potential profit

Good Luck
SusanD,


Did you read the first post of this thread? Support, resistance and pivots are not part of this strategy. I guess you didn't read Edge's statement over the weekend either.

I think you probably have a great strategy. Maybe you should start your own thread?

Good luck,


phoenix
  • #6,905
  • Aug 17, 2009 9:14am Aug 17, 2009 9:14am
Quoting SusanD
This might work now, I hope.

I guess I am a trader, not a blogger.

I tried to mark the area with a yellow line the tell you where to get in

The MA and the retrace over the Pivot all come together. The next pivot would be you potential profit

Good Luck
I see what you are talking about. Thank you.
If you only trade long, then you can't always be wrong.
  • #6,906
  • Aug 17, 2009 9:24am Aug 17, 2009 9:24am
Quoting GrZack
Mr Nims,

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

Regards,

Grzack
Thanks i got it somewhere on google.
  • #6,907
  • Aug 17, 2009 9:26am Aug 17, 2009 9:26am
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
Are the arrows on all charts appearing AFTER a brick is formed or BEFORE?

Thanks,

Regards.
  • #6,908
  • Aug 17, 2009 9:30am Aug 17, 2009 9:30am
Quoting mr_nims
Thanks i got it somewhere on google.
It won't work, but good luck
  • #6,909
  • Aug 17, 2009 9:31am Aug 17, 2009 9:31am
Quoting Edgetrader
Are the arrows on all charts appearing AFTER a brick is formed or BEFORE?

Thanks,

Regards.
They are formed during the brick and only stay if the cross is a cross at the close of the brick.
"The only successful substitute for brains is silence."
  • #6,910
  • Edited 10:17am Aug 17, 2009 9:34am | Edited 10:17am
Attached Image
Quoting GrZack
Mr Nims,

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

Regards,

Grzack
Grzack,
There is a free version look for renko_live_scr look under paper clip although I'm not sure why no one else seems to be using it.
Maybe because it hides the PA even more than the store bought version so I still have to use regular C4 with it to time my entries.
It doesn't show price movement of current forming brick just draws it on screen when it's done I think. I have to hit refresh button now & again to make sure it's still working.
Here is a screen shot of offline 11min chart that it generates, the 10 pip line grid I placed just to see if I had the brick sizes correct & for the C4 for poor traders version of FrankenPip's tread. Although he isn't using the free version on Renko either, but the way he is trading his version of "c4/nitro", seems to work very well too.

Just added another screen shot of a trade I just made.
Hopped out 1 pip early as the market is starting to range, guess it's that time already.
See how the trade seems to be floating out there in space, it's because the current brick hasn't formed yet in the free renko chart, but still works.


Added one more screen shot after brick formed without hitting refresh, but there are some very strange 10 - 20 pip gaps between the newly formed bricks. Maybe the coder who worked on the Russian version of Renko can take a look & make a fix to the code.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: poor c4 11.gif Size: 16 KB
Click to Enlarge Name: poor c4 12.gif Size: 16 KB
  • #6,911
  • Aug 17, 2009 9:39am Aug 17, 2009 9:39am
Quoting mr_nims
Thanks i got it somewhere on google.
You need to purchase the commercial version, there is a free version but it doesn't work. Google "Metatrader MT4 Renko bars script" and you will find the one we are using. For me it was the second link that came up.
******************* I'd rather make money than be right.
  • #6,912
  • Aug 17, 2009 9:43am Aug 17, 2009 9:43am
Quoting 45Fxguy
Grzack,
There is a free version look for renko_live_scr look under paper clip although I'm not sure why no one else seems to be using it.
Maybe because it hides the PA even more than the store bought version so I still have to use regular C4 with it to time my entries.
It doesn't show price movement of current forming brick just draws it on screen when it's done I think....
45Fxguy,

yeah, I'm aware of this stuff, but as I have (sometimes) not more than 5secs to enter a trade, I won't/couldn't push the refresh button during that time. I think 30$ + VAT is not so much.
+
You also "bought" the latest releases also (for example the last one: wicks).

Regards,

GrZack
  • #6,913
  • Aug 17, 2009 9:45am Aug 17, 2009 9:45am
Quoting 4xStar
Interesting, but you are trading a pair that we do not trade with this method and using indicators we don't use. So this is not really relevant to what we are doing on this thread.

Note to walb99: are you suspecting another TG??
TG started also with the statement that "she" !!! had not any idea about trading and was successfull unlike any other trader within hours.
/ ... clarifying decisions ... /
  • #6,914
  • Aug 17, 2009 9:48am Aug 17, 2009 9:48am
Here how it works:
Trix crossing down, smi red below white, brick closes below 10,3,3
Checked candle after vertical line entry short.
Attached Image
"The only successful substitute for brains is silence."
  • #6,915
  • Aug 17, 2009 9:56am Aug 17, 2009 9:56am
Quoting DXTrade
They are formed during the brick and only stay if the cross is a cross at the close of the brick.
Then chart #1 would be the closest.

Nitro is based on entry at the open of a new brick. As such, much of what I see here is showing entries after a brick has formed and the arrow becomes permanent. As such, the move in some cases may already have occured.

It is also a bit sketchy as all brokerages are offering different feeds to work off of. However, with the base set you have in chart #1, it seems that trades with the trend have a very high hit rate.

This is where I do not mind an ea for isolating the open of a trade. I think it important to monitor the trade once it is initiated, but having a robot inform you on a potential setup based upon the information YOU have placed into such seems a good bet.

Btw, PA this morning was quite easy to follow.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: nitro.jpg Size: 174 KB
  • #6,916
  • Aug 17, 2009 9:59am Aug 17, 2009 9:59am
Quoting Chris_B
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...
Are your arrows formed before or after the brick closes?

Regards.
  • #6,917
  • Aug 17, 2009 10:00am Aug 17, 2009 10:00am
Quoting DXTrade
Here how it works:
Trix crossing down, smi red below white, brick closes below 10,3,3
Checked candle after vertical line entry short.
DXTrade,

are the broken lines -40/+40 or ...? If the momentum is indexed (and it is definitely indexed) than the lines should/could reflect the overbought/oversold levels as well.

just an idea...
  • #6,918
  • Aug 17, 2009 10:01am Aug 17, 2009 10:01am
Not a great start to the week at all. I was looking at the Asian/London overlap and put on a few trades with mixed results. Then when the US session began I think I carried over with me the frustration and growing impatience which affected my focus and discipline.

I'm definitely still getting used to the fact that whilst we have 4 highly correlated pairs, anything can still happen. E.g. the way the pairs move...sometime one pair like the UJ is doing the complete opposite of the other 3...other times it's another pair... Also, noticed that although all 4 pairs may initiate a signal and start off in sync, one pair may then fail to follow through. This happened to me a couple of times where I hit the TP on 3 of the pairs but the 4th failed to follow through.

My lack of discipline was evident too. The 1st trade would've hit the TP, but because I was sitting in front of the computer and watching its every move, I decided it was best to pull the trades before it finally reached TP!

After that a couple of counter-trend trades. The last one I was disgusted enough after doing that, that I pulled out for a loss on the 3 pairs. i.e. the 3rd vertical line on EJ, CJ, AJ

Even the final trade was entered 2 bars too late. In this trade 3 out of the 4 pairs finally hit the TP except for CJ which I pulled for -6.

For tomorrow I think it's better that I do not trade the Asian/London overlap, so that hopefully I can be more focused for the US session.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.17.08.09 pm nitro pairs.jpg Size: 199 KB
  • #6,919
  • Aug 17, 2009 10:04am Aug 17, 2009 10:04am
-35tot -60 +25 another learning day i m losing but i feel i am making progress
over and over, trades close to the ma show sings of bring in the bread it was not prudent to tade after first few trades because of the flat we can see in the 17th .
Attached Image (click to enlarge)
Click to Enlarge Name: c.gif Size: 110 KB
  • #6,920
  • Aug 17, 2009 10:05am Aug 17, 2009 10:05am
Have been reading some great posts by Trader888 and found a mantra which he used as a professional trader.

I am a professional trader. My job is to take risk. I am able to honour my stoplosses because I am a professional trader. It is my job to trade consistently. If I manage my losses I will be profitable because I am a professional trader. I pride myself in my ability to let my profits run until the market tells me to cut. I feel good about being able to not let my emotions rule my actions. I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my stops and profits to conclusion and not allow my emotions to overrule my actions. I am a professional trader and therefore flexible in thinking and will not allow my current position in the market to overshadow new information being accumulated. I am allowed to make mistakes as it is part of being a professional trader, I forgive myself easily for making mistakes and move on to the next opportunity. Letting losses run is not in my own best interest. Cutting profits short is not in my own best interest. What I have read here is the truth and I believe in my own ability as professional trader to always act in my own best interest.

http://www.forexfactory.com/showpost.php?p=1504156&postcount=183
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