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MTF Trix system

  • #2,041
  • Sep 4, 2009 2:04am Sep 4, 2009 2:04am
Quoting lrathi
H1 is long.....

Look for M15 long and then enter when M5 gives a long signal.

Also H4 is long....



I am lookin for a long signal which is happening as I write.

Hope this helps.
At vert line 1, H1 signaled.
At vert line 2, M5 signaled.
At vert line 3, M15 signaled.
So I was ready to enter when the high of the bar at vert line 3 was broken. But 1.6350 is near, so I decided to see it broken. When it was broken, I entered. And it was at the top!
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  • #2,042
  • Sep 4, 2009 2:18am Sep 4, 2009 2:18am
Quoting xecret
At vert line 1, H1 signaled.
At vert line 2, M5 signaled.
At vert line 3, M15 signaled.
So I was ready to enter when the high of the bar at vert line 3 was broken. But 1.6350 is near, so I decided to see it broken. When it was broken, I entered. And it was at the top!
Right trade, wrong day.
" Never let the past hold the future to ransom "
  • #2,043
  • Sep 4, 2009 2:27am Sep 4, 2009 2:27am
Quoting xecret
At vert line 1, H1 signaled.
At vert line 2, M5 signaled.
At vert line 3, M15 signaled.
So I was ready to enter when the high of the bar at vert line 3 was broken. But 1.6350 is near, so I decided to see it broken. When it was broken, I entered. And it was at the top!
maybe I understand the 60-15-5 strategy incorrectly.

In this sequence....

1. wait for H1 candle to close.
2. wait for M15 candle to close.
3. enter 2 pips above M15 candle or when M5 candle closes.

the sequence you gave is M5 close before M15 close...
You entered later than close of M5 ( I guess you saw the 50 number close by....

Also that Candle on the top looks bearish Doji too.Did yu enter during this candle or at the CLOSe of this doji ?

Difficult day to trade with big news too.

I do look at the other pairs to see what they are doing too. The pairs which should be travelling in the same direction are mixed in direction at present. some traders call this correlation. I never used to look at this feature... but it pays to do so at the M5 TF. (some traders may disagree)

Gleneages; Does the sequence of 60-15-5 as I understand above correct or am I being too strict with myself????
  • #2,044
  • Sep 4, 2009 2:36am Sep 4, 2009 2:36am
Quoting lrathi
maybe I understand the 60-15-5 strategy incorrectly.

In this sequence....

1. wait for H1 candle to close.
2. wait for M15 candle to close.
3....
Entry 2 pips above high of 5M signal candle?

I follow his reasoning for delaying the entry by a few pips, I actually took the same entry only a few pips earlier.

The bearish candle would only be visible after the entry.
You are right about NFP days, it is better to stand aside. The market may move quite well early in LDN session or at times NFP fever sets in early.
" Never let the past hold the future to ransom "
  • #2,045
  • Sep 4, 2009 2:41am Sep 4, 2009 2:41am
Long EURJPY 30 5

Entry 132.06
Stop 131.81
TP#1 132.25
TP#2 132.41

Risk 2%
Profit 2%

I'm done for the night. Two trades +2.8%, NFP day, have a nice weekend.

Just wanted to note also that in both of my trades I targeted TP1 for less than the usual 25 pips because the market had been somewhat choppy and I didn't want to put the first targets beyond obvious resistance points. In both cases price did hit 25 pips, so I gave up some profit. But I also increased my odds for success.
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  • #2,046
  • Sep 4, 2009 2:46am Sep 4, 2009 2:46am
Quoting DocPMD
Long EURJPY 30 5

Entry 132.06
Stop 132.81
TP#1 132.25
TP#2 132.41

Risk 2%
Profit 2%

I'm done for the night. Two trades +2.8%, NFP day, have a nice weekend.

Just wanted to note also that in both of my trades I targeted TP1 for less than the usual 25 pips because the market had been somewhat choppy and I didn't want to put the first targets beyond obvious resistance points. In both cases price did hit 25 pips, so I gave up some profit. But I also increased my odds for success.
Nothing wrong with that, it makes a lot of sense.
" Never let the past hold the future to ransom "
  • #2,047
  • Sep 4, 2009 2:53am Sep 4, 2009 2:53am
Quoting Gleneagles
Right trade, wrong day.
You sure right about that..i am scraping to make a pay check this morning,the market is really choppy..picking up 5 pips here and there.Be careful guys..it maybe time for a cold one but it's alittle too early here in florida.
  • #2,048
  • Sep 4, 2009 2:57am Sep 4, 2009 2:57am
Quoting stunna29
You sure right about that..i am scraping to make a pay check this morning,the market is really choppy..picking up 5 pips here and there.Be careful guys..it maybe time for a cold one but it's alittle too early here in florida.
I had a rough ride as well. If I listen to my own advice, I would be better of.

Both trades could have easily stopped out.
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" Never let the past hold the future to ransom "
  • #2,049
  • Sep 4, 2009 3:03am Sep 4, 2009 3:03am
Quoting stunna29
You sure right about that..i am scraping to make a pay check this morning,the market is really choppy..picking up 5 pips here and there.Be careful guys..it maybe time for a cold one but it's alittle too early here in florida.
You are wrong about one thing though..it is never too early for a cold one
" Never let the past hold the future to ransom "
  • #2,050
  • Sep 4, 2009 3:07am Sep 4, 2009 3:07am
Quoting Gleneagles
You are wrong about one thing though..it is never too early for a cold one
you wild Glen .
  • #2,051
  • Sep 4, 2009 3:12am Sep 4, 2009 3:12am
Quoting Gleneagles
I had a rough ride as well. If I listen to my own advice, I would be better of.

Both trades could have easily stopped out.
Yep..market like this bring out the scalper in you .
  • #2,052
  • Sep 4, 2009 3:21am Sep 4, 2009 3:21am
Quoting stunna29
Yep..market like this bring out the scalper in you .
I am happy I managed to get out of both trades with a few pips.
There are so many opportunities with less risk.

It is not really worth it to roll the dice on NFP day.
This time it worked..only just..but I could have ended up with a loss as well.

It is a beautiful day here where I live. 26 degrees C, a good day to stand aside and have a few ......cold ones....a little bit later.
" Never let the past hold the future to ransom "
  • #2,053
  • Sep 4, 2009 3:32am Sep 4, 2009 3:32am
Quoting Gleneagles
I am happy I managed to get out of both trades with a few pips.
There are so many opportunities with less risk.

It is not really worth it to roll the dice on NFP day.
This time it worked..only just..but I could have ended up with a loss as well.

It is a beautiful day here where I live. 26 degrees C, a good day to stand aside and have a few ......cold ones....a little bit later.
Yea..i feel you on that one..jus close a small position on the gbp/us for +1pip..this is crazy ..i think i will be sitting on my hands for the rest of the day.
  • #2,054
  • Sep 4, 2009 3:45am Sep 4, 2009 3:45am
hey guys,

this is such a great system! see my today's trade, +30 pips! wow! +25 on cable! awesome!

and such helpful chaps in this thread too! thanks glen and indrek!

yours sincerely,
P

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  • #2,055
  • Sep 4, 2009 4:03am Sep 4, 2009 4:03am
[quote=Piglet;3023200]hey guys,

this is such a great system! see my today's trade, +30 pips! wow! +25 on cable! awesome!

and such helpful chaps in this thread too! thanks glen and indrek!

yours sincerely,
P

Nice setup on CAD, I don`t trade this pair but I am glad MTF seems to work for entries as well.
Nice trade!
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" Never let the past hold the future to ransom "
  • #2,056
  • Sep 4, 2009 5:20am Sep 4, 2009 5:20am
closed my short at 261 fib

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  • #2,057
  • Sep 4, 2009 5:40am Sep 4, 2009 5:40am
Quoting xecret
At vert line 1, H1 signaled.
At vert line 2, M5 signaled.
At vert line 3, M15 signaled.
So I was ready to enter when the high of the bar at vert line 3 was broken. But 1.6350 is near, so I decided to see it broken. When it was broken, I entered. And it was at the top!
I've often noticed though that if you have a stop loss of less than 30 on the GU it will hit it and then come straight back which is what its now doing. I would suggest making your lot size slightly smaller to account for a bigger stoploss, I have mine at a minimum 30 + spread.
  • #2,058
  • Sep 4, 2009 5:44am Sep 4, 2009 5:44am
System : Trix 30m, 5m

Result : 25 + 35 + 45 = 105
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  • #2,059
  • Sep 4, 2009 5:47am Sep 4, 2009 5:47am
System : Trix 30m, 5m

Result : 25 + 35 + 20 = 80
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  • #2,060
  • Sep 4, 2009 5:50am Sep 4, 2009 5:50am
System : Trix 30m, 5m

Result : 15 + 25 + 14 = 54
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