MTF Trix system | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF Stochastics into MTF Stoch Histogram 8 replies

MTF Trix Meter 1.1d help! 0 replies

5 digits fro trix and mtf trix 2 replies

Anyone heard of the TRIX indicator ? 4 replies

Trix indicator 2 replies

Attachments: MTF Trix system
Exit Attachments

MTF Trix system

  • #761
  • Aug 17, 2009 12:30am Aug 17, 2009 12:30am
MTF 240

GBPUSD +60 +80 +100 +125 +132

Closed out trade from bounce at S3 support level.
Daily trading range is also close to the average.
Attached Image
" Never let the past hold the future to ransom "
  • #762
  • Aug 17, 2009 12:49am Aug 17, 2009 12:49am
After the choppy day on Friday, I decided to change from MTF15 to 60 as it seems to keep you out of it a bit more and liked the look of it. This morning I decided to be strong and not take pips too soon, just watch PA and see how it develops with a 25 pip TP and a 20 pip SL (max). EU took forever to get 25 pips but held on and just got it to the pip, same with EJ (I was seriously thinking I would take whatever pips I could if it didn't go through soon

GU moved much better First signal +25 then second one I took when the price cut 2 pips under the previous low, again +25 and then took the last signal which has just reached its TP. Thats me done for the day, 125 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu17-8.gif Size: 32 KB
Click to Enlarge Name: ej17-8.gif Size: 33 KB
Click to Enlarge Name: gu17-8.gif Size: 35 KB
  • #763
  • Aug 17, 2009 12:57am Aug 17, 2009 12:57am
Quoting Gleneagles
MTF 240

GBPUSD +60 +80 +100 +125 +132

Closed out trade from bounce at S3 support level.
Daily trading range is also close to the average.
I am seeing your M240 trade.... Nice work.....

I am still not on my main trading PC....

But mt trades summary is 80+pips using the M30 as my trend filter... Trading M5...

Today trending Down was very clear and volitility great early....
I guess the indicator below is the atr2 setat 50 pips(horizontal line)
Thanks for this example
  • #764
  • Aug 17, 2009 1:00am Aug 17, 2009 1:00am
Quoting luckylady
After the choppy day on Friday, I decided to change from MTF15 to 60 as it seems to keep you out of it a bit more and liked the look of it....
By the way, for those interested in percentages instead of pips..... ~4% risk per trade, up 24.54% for the day
  • #765
  • Aug 17, 2009 1:25am Aug 17, 2009 1:25am
Gbpjpy +50 +75 +100 +150
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Aug. 17 10.23.gif Size: 19 KB
" Never let the past hold the future to ransom "
  • #766
  • Aug 17, 2009 1:26am Aug 17, 2009 1:26am
Another trade and the same result. First profit taken, SL set to BE at the same moment, and after that stopped out... Possibly have to reconsider my SL policy, especially during stronger trends...
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1708 1.gif Size: 52 KB
  • #767
  • Aug 17, 2009 1:33am Aug 17, 2009 1:33am
Quoting luckylady
By the way, for those interested in percentages instead of pips..... ~4% risk per trade, up 24.54% for the day
Nice trading
" Never let the past hold the future to ransom "
  • #768
  • Aug 17, 2009 1:40am Aug 17, 2009 1:40am
WOW...nice work guys!

Glen...are you drawing the break line on your signal candles at the Wicks or the body of the candle?

Thanks!

Darren
  • #769
  • Aug 17, 2009 1:50am Aug 17, 2009 1:50am
Closed positions 6 pairs

240M 580 pips
60M 360 pips

Open positions +140 approximately

No 30M trades today

I will try to put together a trade summary rather than post a lot of charts.
It is too time consuming for me and we all look at the same charts??

Hopefully same of you are trying this out, experimenting with different setups and getting a feel for it?
" Never let the past hold the future to ransom "
  • #770
  • Aug 17, 2009 1:51am Aug 17, 2009 1:51am
Quoting pilotui
WOW...nice work guys!

Glen...are you drawing the break line on your signal candles at the Wicks or the body of the candle?

Thanks!

Darren
Wicks..the low/high
" Never let the past hold the future to ransom "
  • #771
  • Aug 17, 2009 1:57am Aug 17, 2009 1:57am
Quoting Gleneagles
Closed positions 6 pairs

240M 580 pips
60M 360 pips

Open positions +140 approximately

No 30M trades today

I will try to put together a trade summary rather than post a lot of charts.
It is too time consuming for me and we all look at the same charts??

Hopefully same of you are trying this out, experimenting with different setups and getting a feel for it?
I can absolutley see how this works...just wish I'd have set my alerts on the 30 min charts...all of your 240/60 signals are from Friday and earlier correct?

Thanks again for showing/helping me with this!!

Job well done...your pip total is AMAZING. It has me dreaming big!
  • #772
  • Aug 17, 2009 2:03am Aug 17, 2009 2:03am
Quoting pilotui
I can absolutley see how this works...just wish I'd have set my alerts on the 30 min charts...all of your 240/60 signals are from Friday and earlier correct?

Thanks again for showing/helping me with this!!

Job well done...your pip total is AMAZING. It has me dreaming big!
That is correct, the signals were still valid and in place, I was just looking for a reentry.

Please note that I don`t normally start trading this early, I target early LDN/EUR session. The market headed down one-way since it opened.

Just divide the pip total by 3 or 4 to get a more " realistic " result. A big chunk of the move happened during Asian session which is not normally the most active session.
" Never let the past hold the future to ransom "
  • #773
  • Aug 17, 2009 2:23am Aug 17, 2009 2:23am
I understand.

How many times have you seen a pair gap down DURING the market? I had actually drawn my lines on GU yesterday when I got a 30 min alert (just after market open) Sadly, I took that as a bad thing rather than a good thing!

LOL.
  • #774
  • Aug 17, 2009 2:29am Aug 17, 2009 2:29am
Quoting pilotui
I understand.

How many times have you seen a pair gap down DURING the market? I had actually drawn my lines on GU yesterday when I got a 30 min alert (just after market open) Sadly, I took that as a bad thing rather than a good thing!

LOL.
The gap will normally fill at some stage and it is not recommended to trade gaps. It indicated downside pressure..at least that is how I read it.
ALL the charts I looked at across all the different Tf`s pointed down and the move actually started Friday already.
" Never let the past hold the future to ransom "
  • #775
  • Aug 17, 2009 2:49am Aug 17, 2009 2:49am
Quoting luckylady
After the choppy day on Friday, I decided to change from MTF15 to 60 as it seems to keep you out of it a bit more and liked the look of it....
Maybe you have already said that (if so, sorry for asking over) but - what Trix and MA settings do you use for arrows? I guess, it is DXTrade C4 that I see on your chart, it means one Trix and two MAs?
  • #776
  • Aug 17, 2009 2:58am Aug 17, 2009 2:58am
Two more trades, still the same result
But with 43 pips total, I am already quite satisfied for today. Trading the setup from M5 chart, my goal is to trade bigger lots, i.e to reduce risks to minimal possible. And this setup really allows to do it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 1708 2.gif Size: 51 KB
Click to Enlarge Name: gu 1708.gif Size: 52 KB
  • #777
  • Aug 17, 2009 3:16am Aug 17, 2009 3:16am
I'd like to re-cap 2 trades for my own confidence.

Can you review the attachments for me?

First is the H4 Approach.

A. Wait for alert
B. Draw alert signal break line after close of signal candle
C. Switch to M5 Chart
D. Wait for PA to close through break line
E. Enter Short with S/L set at Fractal High before the PA crossed break line
D. Exit on Opposite H1 Alert Arrow (in this case a Long signal)
------------

Second is the M30 Approach: (actually 2 entry's on this...or really just 1 and a continuation)

A. Wait for alert
B. Draw alert signal break line after close of signal candle
C. Switch to M5 Chart
D. Wait for PA to close through break line
E. Enter Short with S/L set at Fractal High before the PA crossed break line
D. Exit on Opposite H1 Alert Arrow (in this case a Long signal)

Does this sound correct? (Sorry I'm big on checklists!)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GE Sequence #1.jpg Size: 111 KB
Click to Enlarge Name: GE Sequence #2.jpg Size: 123 KB
  • #778
  • Aug 17, 2009 3:17am Aug 17, 2009 3:17am
M30 Example
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GE Sequence 30M #1.jpg Size: 112 KB
Click to Enlarge Name: GE Sequence #2 30M.jpg Size: 115 KB
  • #779
  • Edited 3:38am Aug 17, 2009 3:25am | Edited 3:38am
Quoting pilotui
I'd like to re-cap 2 trades for my own confidence.

Can you review the attachments for me?

First is the H4 Approach.

A....
Sorry to disturb you but as a moderator I have to say that if you are interested in extremely active communication with one certain person then there are also other means for doing it like e-mail, PM, MSN, Skype or whatever.
I think that if you are going to discuss any smallest detail of any of your trades in open thread then it is too much for many other people.
Sorry again.
  • #780
  • Aug 17, 2009 3:30am Aug 17, 2009 3:30am
Quoting Indrek
Sorry to disturb you but as a moderator I have to say that if your are interested in extremely active communication with one certain person then there are also other means for doing it like e-mail, PM, MSN, Skype or whatever.
I think that if you are going to discuss any smallest detail of any of your trades in open thread then it is too much for many other people.
Sorry again.
Sorry about that.

Will not happen again.

Thanks!

Darren
0 traders viewing now