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MTF Trix system

  • #2,221
  • Sep 8, 2009 7:48am Sep 8, 2009 7:48am
[quote=Gleneagles;3033642]
Quoting dwayneyboy
Hi quick question probably for Gleneagles but feel free to speculate. Appologies if its a stupid one.

Dwayneyboy,

Here is the answer.
Hi Glen,
One more question.
The first blue line. At that time the 30 min was not confirmed yet.
This is still a valid entry?
I understand the other lines, as the 30 min trix has changed colour there (confirmed).

Regards

Caz
  • #2,222
  • Sep 8, 2009 7:58am Sep 8, 2009 7:58am
[quote=caz;3033819]
Quoting Gleneagles

Hi Glen,
One more question.
The first blue line. At that time the 30 min was not confirmed yet.
This is still a valid entry?
I understand the other lines, as the 30 min trix has changed colour there (confirmed).

Regards

Caz
The blue line @ 7H30 on September 7?
" Never let the past hold the future to ransom "
  • #2,223
  • Sep 8, 2009 8:08am Sep 8, 2009 8:08am
[quote=Gleneagles;3033854]
Quoting caz

The blue line @ 7H30 on September 7?
Yes Glen, that's the one.
  • #2,224
  • Sep 8, 2009 8:15am Sep 8, 2009 8:15am
[quote=caz;3033890]
Quoting Gleneagles

Yes Glen, that's the one.
The 30m candle that opened @ 7H30 was a confirmed buy signal.
Arrow on the chart is scalpersignal buy arrow and MTF Trix confirmed the signal?

Am I missing something? Is it different on your charts?
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #2,225
  • Sep 8, 2009 8:30am Sep 8, 2009 8:30am
[quote=Gleneagles;3033918]
Quoting caz

The 30m candle that opened @ 7H30 was a confirmed buy signal.
Arrow on the chart is scalpersignal buy arrow and MTF Trix confirmed the signal?

Am I missing something? Is it different on your charts?
Thanks Glen,

You are correct!
I'm using MTF_TRIX_METER.
That's why I was confused, At that time, trix meter also confirmed the signal.

Regards

Caz
  • #2,226
  • Sep 8, 2009 9:19am Sep 8, 2009 9:19am
Hey Gleneagles,

Very nicely put together, even I don't have any questions.

Just kidding, when using the the 5,15,60 MTF, do you wait for all the TF's to close before entering, or could you say enter after the 5 and 15 TF's have closed but the 60 TF is still mid-bar?
  • #2,227
  • Sep 8, 2009 9:27am Sep 8, 2009 9:27am
Quoting angus
Hey Gleneagles,

Very nicely put together, even I don't have any questions.

Just kidding, when using the the 5,15,60 MTF, do you wait for all the TF's to close before entering, or could you say enter after the 5 and 15 TF's have closed but the 60 TF is still mid-bar?
I trade mainly on confirmation and not on speculation.
" Never let the past hold the future to ransom "
  • #2,228
  • Sep 8, 2009 9:33am Sep 8, 2009 9:33am
Hi Glen, thank you for your system. I have been going thru the thread twice. I have few questions that need your advice. Can the EA on the first page be installed in IBFX platform? Or its can only insatll in MT4? I can install in my IBFX platform but i can't change any properties and i can create addional line. Thanks
  • #2,229
  • Sep 8, 2009 9:37am Sep 8, 2009 9:37am
Quoting Gleneagles
I trade mainly on confirmation and not on speculation.
Somebody could code a new indicator - Traders Discretion.ex4 Would like to have one for the toughest moments
  • #2,230
  • Sep 8, 2009 9:50am Sep 8, 2009 9:50am
Quoting Indrek
Somebody could code a new indicator - Traders Discretion.ex4 Would like to have one for the toughest moments

Every day there are decent trading opportunities. There are also a lot of opportunities to lose money. I try to limit the discretion bit because the market is always right and I am only right some of the time
" Never let the past hold the future to ransom "
  • #2,231
  • Sep 8, 2009 10:23am Sep 8, 2009 10:23am
Quoting Gleneagles
Every day there are decent trading opportunities. There are also a lot of opportunities to lose money. I try to limit the discretion bit because the market is always right and I am only right some of the time
What about today's crazy trend of GU - did you catch it? Five pivots were broken in a row... That was quite unusual.
Too bad I was away as there were very clear entry signals at the very beginning of the trend.

Anybody caught the trend or at least most of it??
  • #2,232
  • Sep 8, 2009 10:27am Sep 8, 2009 10:27am
Quoting freedomsg
Hi Glen, thank you for your system. I have been going thru the thread twice. I have few questions that need your advice. Can the EA on the first page be installed in IBFX platform? Or its can only insatll in MT4? I can install in my IBFX platform but i can't change any properties and i can create addional line. Thanks
Yes it can be installed in IBFX MT4 platform.
" Never let the past hold the future to ransom "
  • #2,233
  • Sep 8, 2009 10:32am Sep 8, 2009 10:32am
Quoting Indrek
What about today's crazy trend of GU - did you catch it? Five pivots were broken in a row... That was quite unusual.
Too bad I was away as there were very clear entry signals at the very beginning of the trend.

Anybody caught the trend or at least most of it??
Yes, took 2 entries, 3 BLOCK entry and 5 BLOCK entry today.

3 BLOCK average 58 pips and 5 BLOCK half 129 pips remainder locked in 65 pips.
USD looks like it is breaking down and GBP is lagging in spite of the huge range traded today. Holding on to longer term trades for now and will add on a clear break above previous highs.
" Never let the past hold the future to ransom "
  • #2,234
  • Sep 8, 2009 10:43am Sep 8, 2009 10:43am
Quoting Gleneagles
Yes, took 2 entries, 3 BLOCK entry and 5 BLOCK entry today.

3 BLOCK average 58 pips and 5 BLOCK half 129 pips remainder locked in 65 pips.
USD looks like it is breaking down and GBP is lagging in spite of the huge range traded today. Holding on to longer term trades for now and will add on a clear break above previous highs.
EU also broke 5 pivots in a row that is even more unusual. I think Skyzer will visit us soon as he has prognosed the total demolition of US money

I never win any 30,5 trade. Came home, badly wanted to have at least one trade and the result was as you see
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  • #2,235
  • Sep 8, 2009 10:55am Sep 8, 2009 10:55am
Quoting Indrek
EU also broke 5 pivots in a row that is even more unusual. I think Skyzer will visit us soon as he has prognosed the total demolition of US money

I never win any 30,5 trade. Came home, badly wanted to have at least one trade and the result was as you see

Retracement trade against the major trend. At best today good for a few quick risky pips. Hindsight is always good to have though.
" Never let the past hold the future to ransom "
  • #2,236
  • Sep 8, 2009 10:57am Sep 8, 2009 10:57am
Quoting Gleneagles
Retracement trade against the major trend. At best today good for a few quick risky pips. Hindsight is always good to have though.
I knew very well that it is against major trend. Still tried to bring it home.
Sometimes it can be done with 30,5 - quickly and by a hair, that is what I like most.

Hope, I win the pips back already today Just bagged +25 on short GY.
  • #2,237
  • Sep 8, 2009 11:02am Sep 8, 2009 11:02am
EURJPY

System : Two Block 30m, 5m

Results : 25 +35 + 23 = 83
Attached Image (click to enlarge)
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  • #2,238
  • Sep 8, 2009 11:04am Sep 8, 2009 11:04am
Quoting Indrek
I knew very well that it is against major trend. Still tried to bring it home
Sometimes it can be done with 30,5 - quickly and by a hair, that is what I like most.
Well look at it this way, you were just a bit early for the next down move.
It was just a timing issue.
" Never let the past hold the future to ransom "
  • #2,239
  • Sep 8, 2009 11:06am Sep 8, 2009 11:06am
GBPJPY

System : Two Block 30m, 5m

Results : 25 + 2 + 2 = 29
Attached Image (click to enlarge)
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  • #2,240
  • Sep 8, 2009 11:06am Sep 8, 2009 11:06am
Quoting Gleneagles
Well look at it this way, you were just a bit early for the next down move.
It was just a timing issue.
That is a good approach as it can be used ALWAYS for any unhappy trades
Even when entering to a wrong direction at the beginning of some huge move, we can always say that it was a correct trade, just wrong timing
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