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MTF Trix system

  • #821
  • Aug 18, 2009 5:10am Aug 18, 2009 5:10am
Quoting Gleneagles
It does not look like there is much interest to trade this method.

My final result for yesterday was +1030 pips.

Today first TP +25 hit on all pairs already and on some +35.

Running total approximately +160.

I am not going to bother to post the trades, it is really simple and straightforward.
Glen, I would like to add myself to the number of those really interested in your method. I am trying to un-"jumble" the different methods in my mind - I am going back through your posts and start over from the beginning with clean charts. I have too many methods floating around in my head right now, I have to put the other stuff aside and concentrate on your way. I have learned a lot from you, but not as much as I wish to. I appreciate your instruction and posts. Thanks for all that you do!
Read the entire thread BEFORE you ask questions!
  • #822
  • Aug 18, 2009 5:25am Aug 18, 2009 5:25am
GBPUSD 25 35 50

I broke 2 rules on GBPUSD.

Can you spot them?

EURJPY 25 35 50

Why was the entry late on EURJPY?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Aug. 18 12.17.gif Size: 30 KB
" Never let the past hold the future to ransom "
  • #823
  • Aug 18, 2009 5:30am Aug 18, 2009 5:30am
Quoting nevmar
This is my first ever post to any thread & I would like to thank both of you for your effort in helping others. Glen I live in Hilton just outside Pietermaritzburg & after seeing your trading result, I am proud to be a fellow countryman.
I also saw your results on the Paulus/TudorGirl thread & they were awesome to say the least. Glen I am sure that we can improve the system if we work together. I may be an old man but I have spent many hours lurking/studying many systems & picked up quite a few good ideas.
Many traders say entries are easy but...
Hi Neville,

Beautiful part of the country/world you live in.

If there are enough traders interested in trading MTF..great stuff.
" Never let the past hold the future to ransom "
  • #824
  • Aug 18, 2009 5:35am Aug 18, 2009 5:35am
Many traders say entries are easy but when do I exit , well I can show them how to get at least 90% of the trade/move without fail.
Glen please dont give up on the group as I am sure they really appreciate your effort.
Your friend Neville[/quote]

Please share with us your exit methods, I am always open to new ideas and improvements.
" Never let the past hold the future to ransom "
  • #825
  • Aug 18, 2009 5:39am Aug 18, 2009 5:39am
Quoting Gleneagles
GBPUSD 25 35 50

I broke 2 rules on GBPUSD.

Can you spot them?

EURJPY 25 35 50

Why was the entry late on EURJPY?
Yesterday, I targeted bigger gains on the pairs.
Today it was smaller.
Any idea why I am so inconsistent?
" Never let the past hold the future to ransom "
  • #826
  • Aug 18, 2009 5:47am Aug 18, 2009 5:47am
Quoting Gleneagles
Yesterday, I targeted bigger gains on the pairs.
Today it was smaller.
Any idea why I am so inconsistent?
Why is GBP heading north and pulling the GBPJPY along with it when the others are struggling a bit to make progress?
" Never let the past hold the future to ransom "
  • #827
  • Aug 18, 2009 5:50am Aug 18, 2009 5:50am
Quoting Gleneagles
Why is GBP heading north and pulling the GBPJPY along with it when the others are struggling a bit to make progress?
Can you spot a good 30M 5M entry on GBP and a logical TP area?
" Never let the past hold the future to ransom "
  • #828
  • Aug 18, 2009 5:55am Aug 18, 2009 5:55am
All traders complain bitterly about repainting indicators well if an exit indi paints a bit early but is definitely 100% guaranteed ,then whats wrong with using a nonlag zigzag or even the mt4 zig. Just exit when it paints its up (long) or down (short) leg .
Simpler is better.


Happy pipping to all.
Glen do U have skype ??
  • #829
  • Aug 18, 2009 5:56am Aug 18, 2009 5:56am
I think the logical TP areas would be the Resistance areas shown by the Pivot indicator.
  • #830
  • Aug 18, 2009 5:58am Aug 18, 2009 5:58am
Quoting Eureka
I think the logical TP areas would be the Resistance areas shown by the Pivot indicator.
Absolutely!
" Never let the past hold the future to ransom "
  • #831
  • Aug 18, 2009 5:59am Aug 18, 2009 5:59am
  • #832
  • Aug 18, 2009 6:01am Aug 18, 2009 6:01am
I don`t want to run a Forex Quiz show.I just want you to look at the charts and the markets observe what it is telling you....and think about it.

Don`t worry about posting your replies, if you are thinking about it, it is already half the battle won
" Never let the past hold the future to ransom "
  • #833
  • Aug 18, 2009 6:01am Aug 18, 2009 6:01am
Nevmar,

I would also like to hear about your exits if you don't mind sharing.

Thanks.

Carol
  • #834
  • Aug 18, 2009 6:07am Aug 18, 2009 6:07am
Quoting Gleneagles
GBPUSD 25 35 50

I broke 2 rules on GBPUSD.

Can you spot them?

EURJPY 25 35 50

Why was the entry late on EURJPY?
1) I took the entry on GBPUSD close to a big number
2) I did not wait for 5m to complete and a new high to form
3) I delayed the entry on EURJPY because it was right at R1 level.

Because of the movement of the other pairs , I took the GBPUSD trade early.
There was a major news event coming up (GBPUSD) as well so you could have skipped the GBPUSD trade today.
" Never let the past hold the future to ransom "
  • #835
  • Aug 18, 2009 6:08am Aug 18, 2009 6:08am
Quoting Gleneagles
GBPUSD 25 35 50

I broke 2 rules on GBPUSD.

Can you spot them?

EURJPY 25 35 50

Why was the entry late on EURJPY?
Hey Glen not sure if you take this trade before you get the signal but maybe you should have wait that entry candle to make a new high before you enter.Please let me know if i am wrong.
  • #836
  • Aug 18, 2009 6:10am Aug 18, 2009 6:10am
Quoting Gleneagles
Yesterday, I targeted bigger gains on the pairs.
Today it was smaller.
Any idea why I am so inconsistent?
Yesterday we had 240M short 60M short 30M short 15M short 5M short...and dailies indicating a potentially strong move.
I already stated somewhere that I target bigger gains on 240M trades than 60M trades ( which I traded today)
" Never let the past hold the future to ransom "
  • #837
  • Aug 18, 2009 6:14am Aug 18, 2009 6:14am
Quoting Gleneagles
Why is GBP heading north and pulling the GBPJPY along with it when the others are struggling a bit to make progress?

CPI y/y came in flat against market expectations. Red flag event.
It supported the GBP.
" Never let the past hold the future to ransom "
  • #838
  • Aug 18, 2009 6:17am Aug 18, 2009 6:17am
Quoting Gleneagles
Yesterday we had 240M short 60M short 30M short 15M short 5M short...and dailies indicating a potentially strong move.
I already stated somewhere that I target bigger gains on 240M trades than 60M trades ( which I traded today)
Hi Glen,
I am very interested in your style of MTF trading.
Are you trading off the 60Min today because the 240min is still indicating still short ?

Thanks,
Ian
  • #839
  • Aug 18, 2009 6:20am Aug 18, 2009 6:20am
Here is what today looks like+90 but i lost my focus at the start..when against the trend and lost-20 but overall a nice day +90pips..i am cool with that.Thanks again Glen and Indrek.
Attached Image
  • #840
  • Aug 18, 2009 6:21am Aug 18, 2009 6:21am
Quoting Gleneagles
1) I took the entry on GBPUSD close to a big number
2) I did not wait for 5m to complete and a new high to form
3) I delayed the entry on EURJPY because it was right at R1 level.

Because of the movement of the other pairs , I took the GBPUSD trade early.
There was a major news event coming up (GBPUSD) as well so you could have skipped the GBPUSD trade today.
Glen ,
How far ahead do you consider News? That major event was approx 2hrs 25mins away when you took that GBP trade.

Thanks,
Ian
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