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MTF Trix system

  • #1,481
  • Aug 26, 2009 7:51am Aug 26, 2009 7:51am
Quoting ukcool
I cant believe that, I just read that to. What is this man on.
Nobody knows what name is TG/CB using now... Would be very naive to think that crooks like these just give it up.
  • #1,482
  • Aug 26, 2009 7:54am Aug 26, 2009 7:54am
Took some more trades today besides the first one that I reported already. EURJPY that I have not traded for a long time spoiled my day totally... It made a very nasty up move for a second and I lost 2*34 pips on that. So, only +40 pips today in total...
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  • #1,483
  • Aug 26, 2009 8:13am Aug 26, 2009 8:13am
Quoting dwayneyboy
Hi folks a couple of 30 pip losses. Im not sure if these where poor entries of just too tight SL?

First GU trade I took the safe(?) entry of brake of the recent swing low just after the 30min signal. Looks like my SL was too tight now but pehaps the large 30pip candle drop should have been a warning??

2nd GU lost faith but has now proceeded to drop and just looks like it hit my 30 tp

Again same issue with my EY trade 30pip SL taken but has now gone back in the preffered direction.

comments, suggestions welcome
Firstly after studying your chart, the first trade was taken just after high risk news at 8am GMT, but even if we disregard that, I would have taken it on the break of the 5min signal candle at the point where the lines cross on my attached chart. The hourly was already showing down, the 15min had signalled down and now the 5min so would have gone then.
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  • #1,484
  • Aug 26, 2009 8:15am Aug 26, 2009 8:15am
Quoting dwayneyboy
Hi folks a couple of 30 pip losses. Im not sure if these where poor entries of just too tight SL?

First GU trade I took the safe(?) entry of brake of the recent swing low just after the 30min signal. Looks like my SL was too tight now but pehaps the large 30pip candle drop should have been a warning??

2nd GU lost faith but has now proceeded to drop and just looks like it hit my 30 tp

Again same issue with my EY trade 30pip SL taken but has now gone back in the preffered direction.

comments, suggestions welcome
The second entry wasn't more aggressive, it was a perfect entry, all time frames matched and the 5min signalled, should have kept the faith
  • #1,485
  • Aug 26, 2009 8:16am Aug 26, 2009 8:16am
Quoting luckylady
Firstly after studying your chart, the first trade was taken just after high risk news at 8am GMT, but even if we disregard that, I would have taken it on the break of the 5min signal candle at the point where the lines cross on my attached chart. The hourly was already showing down, the 15min had signalled down and now the 5min so would have gone then.

what are the latest settings for the signal line which needs to be penetrated ?
Ma 8, shift 3, applied to close ?
  • #1,486
  • Aug 26, 2009 8:19am Aug 26, 2009 8:19am
Quoting globalinvest
what are the latest settings for the signal line which needs to be penetrated ?
Ma 8, shift 3, applied to close ?
No signal line needed, in fact. I have set MA in Scalper Signals to period 4 and Glen uses 6. On both occasions the influence of MA is eliminated as it is not needed. Just Trix.
  • #1,487
  • Aug 26, 2009 8:22am Aug 26, 2009 8:22am
Quoting Indrek
No signal line needed, in fact. I have set MA in Scalper Signals to period 4 and Glen uses 6. On both occasions the influence of MA is eliminated as it is not needed. Just Trix.

Thank you. I guess - less is more.
  • #1,488
  • Aug 26, 2009 8:22am Aug 26, 2009 8:22am
Quoting Indrek
Have I missed sth... Just trying to recall if I really traded GU today... No, I do not think so...
I was talking to Dwayneboy
  • #1,489
  • Edited 9:10am Aug 26, 2009 8:26am | Edited 9:10am
Quoting luckylady
I was talking to Dwayneboy
Sure Sorry I am in some confusion here as doing my real job in parallel. People calling via mobile and Skype + e-mails coming and going...
  • #1,490
  • Aug 26, 2009 9:07am Aug 26, 2009 9:07am
Anyone waiting for EURJPY short? The pair has been in a very tight range today (120 pips instead of usual 190-200), so probably it should start to move at some point.
NB! This is not a trading suggestion, just a question Would like to know what are anyone's prognoses about the trend. Will it change? Is there a retracement or reversal going on?
  • #1,491
  • Aug 26, 2009 9:17am Aug 26, 2009 9:17am
Quoting Indrek
Anyone waiting for EURJPY short? The pair has been in a very tight range today (120 pips instead of usual 190-200), so probably it should start to move at some point.
NB! This is not a trading suggestion, just a question
Hey Indrek,

Didn't you take the short at 9:10 EST @ 134.40? It was good for 30+.
  • #1,492
  • Aug 26, 2009 9:18am Aug 26, 2009 9:18am
Quoting angus
Hey Indrek,

Didn't you take the short at 9:10 EST @ 134.40? It was good for 30+.
No, I did not take it as the higher TF signals were very mature already. H1 signal 2 hours before...
But if it is not reversal right now then a H4 trade will be possible soon?
  • #1,493
  • Aug 26, 2009 9:32am Aug 26, 2009 9:32am
Quoting Indrek
No, I did not take it as the higher TF signals were very mature already. H1 signal 2 hours before...
But if it is not reversal right now then a H4 trade will be possible soon?
I'll explain my reasoning a little later.
  • #1,494
  • Aug 26, 2009 10:02am Aug 26, 2009 10:02am
I had ISP issues for past 24 hours but back online again.
" Never let the past hold the future to ransom "
  • #1,495
  • Edited 10:40am Aug 26, 2009 10:07am | Edited 10:40am
Quoting Indrek
Anyone waiting for EURJPY short? The pair has been in a very tight range today (120 pips instead of usual 190-200), so probably it should start to move at some point.
NB! This is not a trading suggestion, just a question Would like to know what are anyone's prognoses about the trend. Will it change? Is there a retracement or reversal going on?
It has been hovering around 134.29 which is weekly pivot, but overall down for the day. -90 pips right now.
I am taking a short here, target 100 pips

EDIT:target is based on breaking yesterday's low of 133.95

CHA-CHING
WANT WHAT THE MARKET WANTS...
  • #1,496
  • Aug 26, 2009 10:50am Aug 26, 2009 10:50am
This is the 240M chart I posted yesterday
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" Never let the past hold the future to ransom "
  • #1,497
  • Aug 26, 2009 10:55am Aug 26, 2009 10:55am
This the same 240M today.

Price broke below key fib level.

At 06H00 GMT ,it retraced back to fib level which was previous support( now resistance).

Both Daily and 240M were sell signals.

The retracement was just enough to trigger a buy signal on 60M( which turned out false)

Price bounced back and continued in the direction of main trend.
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #1,498
  • Aug 26, 2009 11:20am Aug 26, 2009 11:20am
Quoting Gleneagles
This the same 240M today.

Price broke below key fib level.

At 06H00 GMT ,it retraced back to fib level which was previous support( now resistance).

Both Daily and 240M were sell signals.

The retracement was just enough to trigger a buy signal on 60M( which turned out false)

Price bounced back and continued in the direction of main trend.
all I can say thank U

I exited out manually couldn't even wait for few more pips for my original TP. Just lost my descipline. Hey what can I say, I am just a rookie
Attached Image (click to enlarge)
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WANT WHAT THE MARKET WANTS...
  • #1,499
  • Aug 26, 2009 11:27am Aug 26, 2009 11:27am
Quoting countex
all I can say thank U

I exited out manually couldn't even wait for few more pips for my original TP. Just lost my descipline. Hey what can I say, I am just a rookie
You are not doing too bad for a rookie!
" Never let the past hold the future to ransom "
  • #1,500
  • Aug 26, 2009 11:30am Aug 26, 2009 11:30am
Quoting countex
It is a great question, but I never thought about it before today.

there is an old saying...

when the pupil is ready, the master will appear

Well, I came across a very nice thread with answers to questions I was having.

Serious trading relating thread, nothing flashy.

I am only on third page, Indrek if you don't mind, I would like to share this post with everyone here, otherwise I can remove the link

http://www.forexfactory.com/showpost...9&postcount=45
WANT WHAT THE MARKET WANTS...
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