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MTF Trix system

  • #2,141
  • Sep 7, 2009 10:16am Sep 7, 2009 10:16am
Trade on EURUSD ran smack into Daily R1. Bad move on hindsight.
US Bank Holiday today. Hence very unexciting day to trade even during London/Euro hours.

Net result of all 4 trades : +72 + 35 -21 -72 = 14

Still positive. Good for the experience of trading on a bad day!!!
What else can I say? Good system, bad day?

Moral of the story: Don't waste your time trading on a Bank Holiday. Unless of course you are happy with 14.
  • #2,142
  • Sep 7, 2009 10:22am Sep 7, 2009 10:22am
Quoting Trader7
Trade on EURUSD ran smack into Daily R1. Bad move on hindsight.
US Bank Holiday today. Hence very unexciting day to trade even during London/Euro hours.

Net result of all 4 trades : +72 + 35 -21 -72 = 14

Still positive. Good for the experience of trading on a bad day!!!
What else can I say? Good system, bad day?

Moral of the story: Don't waste your time trading on a Bank Holiday. Unless of course you are happy with 14.
OR CHOOSE YOUR PAIR MORE WISELY ON A BANK HOLIDAY FOR THAT PARTICULAR COUNTRY. Strategy works on all pairs.

EURUSD IS certainly a bad choice with a US bank holiday. EURO moves most in US SESSION.

EURJPY Trix shows bearish divergence very clearly too.
  • #2,143
  • Sep 7, 2009 10:54am Sep 7, 2009 10:54am
Quoting Trader7
Moral of the story: Don't waste your time trading on a Bank Holiday. Unless of course you are happy with 14.
That is what I decided already yesterday - no trading efforts today.
Watching the screen for hours and ending with 10-20 pips is not good for physical and mental health
But I like how aggressively you tried to break through the day!
  • #2,144
  • Sep 7, 2009 10:59am Sep 7, 2009 10:59am
Quoting lrathi
GBPUSD there is PA. Strong resistance on R2... double/triple tops...divergence on Trix. Even in NY sesssion there were 2x10 pips trades...
1x 30-5 trade
1x 60-15-5 trade so far. session not finished.

Another trade got 100 pips on USDCAD....

Another traded eurjpy today for some pips.

There are opportunities everyday....nearly every session.

GBPUSD broke seconary trendline....in a retracement now....then heading to primary trendline.

I have my quota today so stopped trading for the day.

Edit; Some one just posted GBPJPY trade....
DOES...
You are absolutely right. There are always pips available. Even when there is no volatility at all
As I do not trade the pairs that could be well traded today, I decided to stay away.
  • #2,145
  • Sep 7, 2009 11:29am Sep 7, 2009 11:29am
Quoting Indrek
That is what I decided already yesterday - no trading efforts today.
Watching the screen for hours and ending with 10-20 pips is not good for physical and mental health
But I like how aggressively you tried to break through the day!


Thanks Indrek.

Nothing like getting well paid for one's aggressive efforts after a hard day's work.

Oh well. Tomorrow is another day.
  • #2,146
  • Sep 7, 2009 11:58am Sep 7, 2009 11:58am
I'm looking at when the 15 minute and 240 minute match & will keep testing. The turquoise line is a 79 Moving Average, and the two white lines on either side of it are set 25 pips from the line. I like this visual to let me know how far the pair is away from "center", which people can certainly differ on as to what MA is the best. But, notice how many pips I would have gotten had I entered the trade at the arrow just above the top white line. That top line is 25 pips away from center. I like to look for trades that are at extremes from center as I think they represent the best opportunities. On this particular trade, I probably would not have entered it, excpet for the fact that the 15 minute and 240 matched which indicated further downward momentum.
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  • #2,147
  • Sep 7, 2009 12:06pm Sep 7, 2009 12:06pm
Quoting Indrek
Let us ask Glen when he comes online. Some days ago he told me that he is almost finished with the manual.
Meanwhile, would be nice to see some trades. Sometimes it seems to me that only 2-3 people here really trade. Or am I mistaken?
(I do not speak about today. I intentionally even did not try to trade today and understand everybody who also did not.)
I agree doesn't seem like many are actually trading the method.

I can tell you that I have been dedicated to it for the last three weeks or so, and plan on another couple of weeks on demo before I will feel comfortable trading live.

But so far I have been successful at it. The only thing that I can offer to any new people is that it is not a strictly mechanical system. Personally, I pay a lot of attention to S/R levels.

Not trading today as it is a US holiday. But will be back at it tonight.

Doc
  • #2,148
  • Sep 7, 2009 12:31pm Sep 7, 2009 12:31pm
Quoting paradoxical
I'm looking at when the 15 minute and 240 minute match & will keep testing. The turquoise line is a 79 Moving Average, and the two white lines on either side of it are set 25 pips from the line. I like this visual to let me know how far the pair is away from "center", which people can certainly differ on as to what MA is the best. But, notice how many pips I would have gotten had I entered the trade at the arrow just above the top white line. That top line is 25 pips away from center. I like to look for trades that are at extremes from center...
Its nice to see that you can also post about trading.
(I got very bored with your other posts.)

Please keep it up,
Ian
  • #2,149
  • Sep 7, 2009 12:34pm Sep 7, 2009 12:34pm
Quoting ianf0ster
Its nice to see that you can also post about trading.
(I got very bored with your other posts.)

Please keep it up,
Ian
Why are you posting such a comment here? Is it maybe sth that could be said via PM?
  • #2,150
  • Sep 7, 2009 2:43pm Sep 7, 2009 2:43pm
Here is a new trading system that I want to share with you.

It works very well and make pips even during low volatility days.

The first chart is from the Two Magic Block trading system.

In order to trade this system, you have to find TWO blocks of the same color.

I have marked the places on the chart where I saw TWO blocks of the same color.
The blue lines are all the places I saw TWO blocks of the same color.
NB BLUE BLOCKS are long.

There is one thing left for you to do.

Look at the places where I drew the Blue lines i.e. where two blocks line up.
Now look at the candle to the left of the blue line.

If you see a new high compared to the candle on the left of the blue line...trade LONG.

BTW This system is very similar to the MTF TRIX 30 5 system.
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #2,151
  • Sep 7, 2009 2:48pm Sep 7, 2009 2:48pm
This is Part 2 of the Magic Block Trading system.

It works for SHORT TRADES as well.


I will post a comprehensive manual to explain how the TWO BLOCKS must be traded.

RED LINES are potential short trades.

Remember to look to the candle on the left and find a new LOW and trade SHORT.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Sep. 07 21.24.gif Size: 23 KB
" Never let the past hold the future to ransom "
  • #2,152
  • Sep 7, 2009 2:48pm Sep 7, 2009 2:48pm
Quoting Gleneagles
Here is a new trading system that I want to share with you.

It works very well and make pips even during low volatility days.

The first chart is from the [u][font=Arial Black][size=5]Two Magic Block...
Sounds interesting... What TF blocks are these at the bottom? 30 and 5?
  • #2,153
  • Sep 7, 2009 2:50pm Sep 7, 2009 2:50pm
Is this good for all time frames; is so which are best? Or does it vary by pair? Thanks for your all of your continued help!



Quoting Gleneagles
Here is a new trading system that I want to share with you.

It works very well and make pips even during low volatility days.

The first chart is from the [u][font=Arial Black][size=5]Two Magic Block...
Read the entire thread BEFORE you ask questions!
  • #2,154
  • Sep 7, 2009 3:02pm Sep 7, 2009 3:02pm
For the advanced traders there is also an option to trade THREE BLOCK

system but it is best to master the basics of TWO BLOCK system first.
" Never let the past hold the future to ransom "
  • #2,155
  • Sep 7, 2009 3:09pm Sep 7, 2009 3:09pm
Thanks, Glen. Glad to be getting in on the ground floor - the system's beginning posts.
  • #2,156
  • Sep 7, 2009 3:09pm Sep 7, 2009 3:09pm
Quoting Gleneagles
For the advanced traders there is also an option to trade THREE BLOCK

system but it is best to master the basics of TWO BLOCK system first.


hi glen,

i think you should start a thread for it. i'm interested to learn the logic for your system. thanks
  • #2,157
  • Sep 7, 2009 3:09pm Sep 7, 2009 3:09pm
Put MTF Trix on your chart, I used the latest one by Royston.

On 5M chart, I used settings Trix 3 1 1 1 TF 5M and a second MTF indicator 30M.

I read through various posts when I logged in about people wanting a manual to trade this system.

30 5 seems to be too complicated, so I changed it to the TWO BLOCK
trading system.
All you have to do is find 2 blocks of the same color now to trade, no more complicated rules and conditions
" Never let the past hold the future to ransom "
  • #2,158
  • Sep 7, 2009 3:13pm Sep 7, 2009 3:13pm
Tomorrow I will post the THREE BLOCK trading system aka in the past as the 60 15 5 trading system.

If you can manage to find 2 BLOCKS of the same color, you should have no problems with the advanced course that has THREE BLOCKS.
" Never let the past hold the future to ransom "
  • #2,159
  • Sep 7, 2009 3:14pm Sep 7, 2009 3:14pm
LMAO here Glen. How about calling it TWO BLOCKS FOR BLOCKHEADS?
Quoting Gleneagles
Put MTF Trix on your chart, I used the latest one by Royston.

On 5M chart, I used settings Trix 3 1 1 1 TF 5M and a second MTF indicator 30M.

I read through various posts when I logged in about people wanting a manual to trade this system.

30 5 seems to be too complicated, so I changed it to the TWO BLOCK
[font=Arial Black][size=4]trading system.
[size=4][font=Arial Black]All you have to do is find 2 blocks of the same color now to trade, no more complicated rules...
  • #2,160
  • Sep 7, 2009 3:19pm Sep 7, 2009 3:19pm
Quoting Gleneagles
Tomorrow I will post the THREE BLOCK [font=Arial Black][size=4][font=Arial][size=2]trading system aka in the past as the 60 15...
Very clever approach! It is not too difficult to figure out that you just describe exactly the same system from another angle
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