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MTF Trix system

  • #941
  • Aug 19, 2009 1:36am Aug 19, 2009 1:36am
Quoting stunna29
Nice going Glen..i am hand in hand with you on this.
Same here
How do you make a small fortune in Forex? Start with a large one!
  • #942
  • Aug 19, 2009 1:37am Aug 19, 2009 1:37am
Quoting Gleneagles
Great stuff!

I can save some time now as well and not post a chart
Thanks again sir ,trading is what we make it..if we just follow the rules and trade with the trend then we will do fine.BTW my live account is looking better by the day.
  • #943
  • Aug 19, 2009 1:38am Aug 19, 2009 1:38am
Here is the kino version ribbon

Brian

Quoting walb99
here you go
Attached File(s)
File Type: mq4 kino_T3MA ribbon filled.mq4   3 KB | 507 downloads
  • #944
  • Aug 19, 2009 1:39am Aug 19, 2009 1:39am
Quoting paidperpip
Same here
" Never let the past hold the future to ransom "
  • #945
  • Aug 19, 2009 1:41am Aug 19, 2009 1:41am
If you look at the other pairs, you can figure out what I am trading, where and why I entered and you will even know my TP targets
" Never let the past hold the future to ransom "
  • #946
  • Aug 19, 2009 1:45am Aug 19, 2009 1:45am
Quoting Gleneagles
This is the EURJPY 5M chart
How did you pick your entry point in this case? There is no arrow right before the entry on M5, so you entered using M15 only? Either is OK if to trade from M60 or H4?
  • #947
  • Aug 19, 2009 1:54am Aug 19, 2009 1:54am
Here are my first trades for today. Used Glen's setup exactly. Red vertical line on GU M5 chart marks the confirmed signal on M30 and blue one on EU is the same for M60. Entered in both cases at the break of the signal candle's low (M30 for GU and M60 for EU).
I need to work on my SL-TP-TS policy as I tend to be too careful, I think.
Attached Image (click to enlarge)
Click to Enlarge Name: first 1908.gif Size: 97 KB
  • #948
  • Aug 19, 2009 1:57am Aug 19, 2009 1:57am
Quoting Indrek
How did you pick your entry point in this case? There is no arrow right before the entry on M5, so you entered using M15 only? Either is OK if to trade from M60 or H4?
60 15 5 must be in agreement.
" Never let the past hold the future to ransom "
  • #949
  • Aug 19, 2009 2:01am Aug 19, 2009 2:01am
Quoting Gleneagles
60 15 5 must be in agreement.
240 15 5 or 240 60 15 5

60 15 5

30 5
" Never let the past hold the future to ransom "
  • #950
  • Aug 19, 2009 2:03am Aug 19, 2009 2:03am
Quoting Indrek
Here are my first trades for today. Used Glen's setup exactly. Red vertical line on GU M5 chart marks the confirmed signal on M30 and blue one on EU is the same for M60. Entered in both cases at the break of the signal candle's low (M30 for GU and M60 for EU).
I need to work on my SL-TP-TS policy as I tend to be too careful, I think.
Looking good Indrek .
  • #951
  • Aug 19, 2009 2:03am Aug 19, 2009 2:03am
Quoting Indrek
Here are my first trades for today. Used Glen's setup exactly. Red vertical line on GU M5 chart marks the confirmed signal on M30 and blue one on EU is the same for M60. Entered in both cases at the break of the signal candle's low (M30 for GU and M60 for EU).
I need to work on my SL-TP-TS policy as I tend to be too careful, I think.

I will send you some information later today regarding average trade sizes and stop losses.
" Never let the past hold the future to ransom "
  • #952
  • Aug 19, 2009 2:07am Aug 19, 2009 2:07am
Quoting Gleneagles
I will send you some information later today regarding average trade sizes and stop losses.
I will appreciate it very much! I like inventing bycycles but in this case I could prefer riding them
  • #953
  • Aug 19, 2009 2:10am Aug 19, 2009 2:10am
The weekly target of XXXX pips which I removed from a previous post has been achieved

It is really irrelevant, the main thing is that it must work for YOU.
" Never let the past hold the future to ransom "
  • #954
  • Aug 19, 2009 2:10am Aug 19, 2009 2:10am
Quoting Indrek
I will appreciate this very much! Although I like inventing bycycles, in this case I could prefer riding them
Motorbike in this case.....upgrade
" Never let the past hold the future to ransom "
  • #955
  • Aug 19, 2009 2:22am Aug 19, 2009 2:22am
Glen,
Am I right that on that chart we should wait for the break of the last swing low for entry? (M60, M30 and M15 are all short.)
In other words: is it correct to enter at the break of the fractal, although it is not quite after the arrow?
Attached Image
  • #956
  • Aug 19, 2009 2:29am Aug 19, 2009 2:29am
Possible reentry will be a new low on 5M candle.

60M 15M both still short.

5M had a new sell signal in the direction of the trend.
Attached Image
" Never let the past hold the future to ransom "
  • #957
  • Aug 19, 2009 2:32am Aug 19, 2009 2:32am
Quoting Gleneagles
Possible reentry will be a new low on 5M candle.

60M 15M both still short.

5M had a new sell signal in the direction of the trend.
Thanks. But in some post you mentioned that the signal candle was not valid as it did not form a new low? When is it important and when it is not if a new low is being formed?
  • #958
  • Aug 19, 2009 2:37am Aug 19, 2009 2:37am
Quoting Indrek
Thanks. But in some post you mentioned that the signal candle was not valid as it did not form a new low? When is it important and when it is not if a new low is being formed?
The signal candle in this case ( for reentry is the 5M candle)
The white line on the chart is the low of the signal candle.
You look for a break of that line ( 5M candle low ) to enter.
The low was at 16462 approximately.
Your entry could have been on the next candle @ 16461 for example.
" Never let the past hold the future to ransom "
  • #959
  • Aug 19, 2009 2:42am Aug 19, 2009 2:42am
Signal candle on 5M is with yellow arrow.

White line is the candle low.

Next 3 5M candles all formed a new low ( marked with red lines)
Attached Image
" Never let the past hold the future to ransom "
  • #960
  • Aug 19, 2009 3:22am Aug 19, 2009 3:22am
Another one, and the same problem - good SL advice badly needed
Attached Image
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