" Never let the past hold the future to ransom "
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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
DislikedThe price action was really messy when EUR/LDN session started.
It was a nasty 50 pip range before the main trend resumed.Ignored
DislikedGlen, if i trade 240 and 60 min tf..i wiat for 240 trend and then entry is after 60 min arraow appear..
Do i need to get something, high low on such a way of tradeing or i may free make an entry after that 60 min?
RegardsIgnored
Dislikedsony,
If you use 240M as a trend filter, you don`t have to wait for 60M signal as well.
I normally look at 240 15 5.
Bear in mind though that trading 240M TF requires a fairly big SL.Ignored
DislikedGlen,
I am afraid that due to your late IT problems you did not notice my post # 1442 (http://www.forexfactory.com/showpost...postcount=1442). Could you clarify the matter for us?
ThanksIgnored
DislikedGlen,
I think one important nuance has not been explained too clearly yet. - For how long do you consider a H1 or H4 signal valid for re-entry? I know that it depends much about the market situation but still - how many signals on M5 are usually valid after H1/H4 signal? and is a H1/H4 signal valid only during one period (1 hour or 4 hours respectively) or sometimes even longer?
Thanks.Ignored
DislikedThe signal remains until there is an opposite signal.
Because trends don`t run forever, the best place to enter is as close as possible to signal arrow. The beginning of the trend?
If you want to consider a reentry i.e. take your entry from 5M candle with confirmation from higher TF`s, make sure that you check ADR plus the other rules. To trade a top or bottom usually means a loss.Ignored
DislikedThanks for the quick answer![]()
I have so far used only 2-3 first M5 signals after the signal on H1/H4. I understand now that this is even too conservative?Ignored
DislikedI looked through the attachments for a Fib indicator--anyone have one they would share?Ignored
DislikedI continued in my style and took 15 more pips from EURJPY. Right now, it works better for me to forget leangthier trades. Overall + 55 pips today trading 0.2+0.2 lots. Not too much but at the same time - spent no more than 10 minutes per trade, i.e 70 minutes for the day.
I think my results will improve when I forget such a nasty pair as EURJPYIgnored
DislikedI would use it for points where trades might show support/resistance/retracement. I've read up on Fibonacci numbers and I see Gleneagles refers to them often. Just wanted to look at the numbers on a chart to see if they're something I could use.Ignored
DislikedHi Indrek, I'm new in this Thread and I'm trying to follow this system. I need please your assitance, after read all post I'm trying to my charts looks like yours (to try to undestand better the system), can you please let me know wich indi are you using and the setup, if I'm not wrong you're using AutiPivot, xADR_0.02 and MTF_Trix_Meter (four times) but you don't use smCScalper_Signal, what do you use??
Sorry for my question, I know that you answer in a several times this kind of question.
Thank in advance and THANK YOU to everybody here for...Ignored
DislikedI would use it for points where trades might show support/resistance/retracement. I've read up on Fibonacci numbers and I see Gleneagles refers to them often. Just wanted to look at the numbers on a chart to see if they're something I could use.Ignored
DislikedThe price action was really messy when EUR/LDN session started.
It was a nasty 50 pip range before the main trend resumed.Ignored
DislikedHey Glen, not sure if you know too much about renko bars but would you recommend me using it with this system,since you say we need to get in with the main trend as soon as possible and take what we can.Thanks again.Ignored