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C4 Scalping

  • #7,121
  • Aug 18, 2009 7:49pm Aug 18, 2009 7:49pm
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Happy ending, Mate. Everyone got their 5 pips.

Do you notice the red arrow "disappeared"? This is what I was asking about a few posts ago.
  • #7,122
  • Aug 18, 2009 7:51pm Aug 18, 2009 7:51pm
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Now it reappeared.
  • #7,123
  • Aug 18, 2009 8:00pm Aug 18, 2009 8:00pm
Quoting gbppip
Attachment

Short signal on "bomb meter" and Nitro-Momentum. However, the red train left the station before those signals and I was getting off the train with my 5 pips when the others were getting on.
You hit it right on the head! There is nothing faster (and perhaps better) than just trading price. If you can master it, you will be ahead of everybody else with your +5 pips. With a smile on your face I might add. Bar is not complete so you will see the Red arrow appear and disappear until the bar is finished.
If it backtests good run it live!
  • #7,124
  • Aug 18, 2009 8:02pm Aug 18, 2009 8:02pm
Quoting gbppip
Attachment

Now it reappeared.
And now it will stay as the arrow candle is closed!
Said that about 30 times already!
Your candle is changing colors as well as long as it's open, no?
"The only successful substitute for brains is silence."
  • #7,125
  • Aug 18, 2009 8:11pm Aug 18, 2009 8:11pm
Quoting fxspeedster
You hit it right on the head! There is nothing faster (and perhaps better) than just trading price. If you can master it, you will be ahead of everybody else with your +5 pips. With a smile on your face I might add. Bar is not complete so you will see the Red arrow appear and disappear until the bar is finished.
Trading price based on the "10 pip spaced lines simulating Renko bricks".

Quoting DXTrade
And now it will stay as the arrow candle is closed!
Said that about 30 times already!
Your candle is changing colors as well as long as it's open, no?
Yes, Mate, the candle changes colors when the current price crosses the open price of the candle. Should we trust the arrow or wait for the candle to close? If wait is the answer then the indicator should not display on the current bar.

No offense, but the original primer, charge, detonator was easy for me to grasp and apply. All these new indicators and charts have left me confused. My rule is to find something that works and stick with it, Mate. We are only going for 5 pips and the p-c-d does that.
  • #7,126
  • Aug 18, 2009 8:13pm Aug 18, 2009 8:13pm
Quoting DXTrade
How did you do that? He didn't post the latest indi yet?
I think he is talking about the previous indy...

I've not posted the new indy for the moment because i'm testing it in real time...i've found some bugs and i prefer to correct the code before posting it...i think tomorrow i will post it here...
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,127
  • Aug 18, 2009 8:14pm Aug 18, 2009 8:14pm
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DXTrade:

While I have your attention, your DX Trade Nitro Swithboard just popped up a "buy" alert with all the bombs red. Maybe the messages need to be reversed?
  • #7,128
  • Aug 18, 2009 8:31pm Aug 18, 2009 8:31pm
Quoting gbppip
Attachment

DXTrade:

While I have your attention, your DX Trade Nitro Swithboard just popped up a "buy" alert with all the bombs red. Maybe the messages need to be reversed?
The buy/sell alert only pops up once per candle and only if the trix is crossing shortly up/down the 0 line. Nothing to do with the bombs.
Then it's up to you to wait until the open of the next candle to see whether the arrow is still there and whether you want to take the trade.
The alert is just for those not wanting to stay glued in front of the screen.
And on a renko chart the alerts only pop up for POSSIBLE arrows... not so often as with C4
"The only successful substitute for brains is silence."
  • #7,129
  • Aug 18, 2009 8:32pm Aug 18, 2009 8:32pm
Quoting DXTrade
The buy/sell alert only pops up once per candle and only if the trix is crossing shortly up/down the 0 line.
Then it's up to you to wait until the open of the next candle to see whether the arrow is still there and whether you want to take the trade.
The alert is just for those not wanting to stay glued in front of the screen.
And on a renko chart the alerts only pop up for POSSIBLE arrows... not so often as with C4
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Sorry Mate, but I am really confused. I'll let it go. You have more important stuff to do. Thanks, Mate.

How I played the chart was to go long at 133.70 and exit at 133.75. Then the Nitro_Momentum green arrow appeared. I will now use that as a "stay in" the trade indicator rather than enter the trade.
  • #7,130
  • Aug 18, 2009 9:16pm Aug 18, 2009 9:16pm
As DX and Edge, and many others have said, all of these signals represent "possible" trading opportunities. As price shifts, so do the signals. It is my belief that you take your indicators(s), combine them with logic (i.e. be wary of against the trend trades) and add a strong awareness/comfort with price action, and you have a winning formula with which to grow your account steadily.
Happy trading!!
  • #7,131
  • Aug 18, 2009 9:32pm Aug 18, 2009 9:32pm
Quoting gbppip


How I played the chart was to go long at 133.70 and exit at 133.75. Then the Nitro_Momentum green arrow appeared. I will now use that as a "stay in" the trade indicator rather than enter the trade.
I still can't get the C4 Scalper to appear .. I get the skull & crossbones. All ex4's are in experts>>indicators folder and I have very few indicators.
******************* I'd rather make money than be right.
  • #7,132
  • Aug 18, 2009 9:48pm Aug 18, 2009 9:48pm
Quoting 4xStar
I still can't get the C4 Scalper to appear .. I get the skull & crossbones. All ex4's are in experts>>indicators folder and I have very few indicators.
Try adjusting the X and Y coordinates for your monitor. Example on my laptop I had to adjust the X to 10 and the Y to 10 to put the indicator in the upper right corner.
  • #7,133
  • Aug 19, 2009 12:34am Aug 19, 2009 12:34am
+20
I'm DONE for today.

let's open the practice account.

Take Care,

GrZack
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  • #7,134
  • Aug 19, 2009 12:54am Aug 19, 2009 12:54am
Quoting GrZack
+20
I'm DONE for today.

let's open the practice account.

Take Care,

GrZack
1 quick question, why did u use all jpy combinations? and which are the best for this method?
  • #7,135
  • Edited 2:07am Aug 19, 2009 1:21am | Edited 2:07am
Quoting TheFutureAce
1 quick question, why did u use all jpy combinations? and which are the best for this method?
ALL of these are THE best, if they are giving the high volatility. The pairs moved together during these trades. So I made +15 on three pairs first time.
Last trade: I need only +5 to achieve my goal. I hit upon the idea of trade on the BEAST. Anyway: I could also choose EJ or AJ or UJ, result would be the same: +5 (on each).

update: at least 2 bricks formed on EJ, AJ, GJ @ around 05:27 - 05:29 GMT (during my last trade).
  • #7,136
  • Aug 19, 2009 2:37am Aug 19, 2009 2:37am
Asian/London overlap.

Movement on all 4 pairs. Entering trend after trix reverse and come back. Even got in on EU without the trix change just based on correlation - thanks Edge for your post on this a few days back.

Gonna setup Nitro today.

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  • #7,137
  • Aug 19, 2009 4:20am Aug 19, 2009 4:20am
Today was very similar to yesterday. Spent a lot of time digging myself out of an EU hole:

EURUSD +5 -18 +5 +5
EURJPY +5 +5 +5
GBPUSD +5

So just about met my target for the day. Was getting tired and did not feel like attempting another trade just to get the last 3 pips. As far as I'm concerned, eight trades in a day is way over trading. Not sure how to avoid it, though, when there is a loss in there.

But nine days in a row in profit, first seven got my 2%, got 0.5% yesterday, and got 1.7% today. Cumulative total for last nine days is around 17%.

I'm waiting for my tilt day where I give everything back. I know it's coming, just wondering when!
  • #7,138
  • Aug 19, 2009 4:32am Aug 19, 2009 4:32am
Quoting DocPMD

total for last nine days is around 17%.

I'm waiting for my tilt day where I give everything back. I know it's coming, just wondering when!
Good results Doc. With your MM, you WON'T GIVE THE PIPS BACK!!!

You also know how to avoid overtrading, try to trade in specified timezones.: 5:00 - 7:00 GMT, 11:00 - 14:00 GMT & than, say HELLO.
  • #7,139
  • Aug 19, 2009 5:03am Aug 19, 2009 5:03am
Quoting lotabulstool
Try adjusting the X and Y coordinates for your monitor. Example on my laptop I had to adjust the X to 10 and the Y to 10 to put the indicator in the upper right corner.
Thank did it, thanks.
******************* I'd rather make money than be right.
  • #7,140
  • Aug 19, 2009 5:11am Aug 19, 2009 5:11am
Wow, what a difference a few days makes.

Have been off line for a week dur to hospital trips with the daughter, Night Duty at work etc......

The progress in that week has been hudge, well done. SO many more positive results compared to before with people now hitting 6/7/8 days in a row without loss.

Edge, Chris and DX thanks for the next stage to look at. Am very interested where it will be going and looking forward to the Nitro veterans thread.
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