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MTF Trix system

  • #2,801
  • Sep 25, 2009 12:35am Sep 25, 2009 12:35am
Quoting Staghead
GBPUSD 60-15-5 bailed out at +4, didn't like the price action, as soon as I got out it shot up!
This is what always happens The best way to push PA to your direction is to close your trade

I took 20 pips from the same trade and was stopped out after that.
  • #2,802
  • Sep 25, 2009 12:40am Sep 25, 2009 12:40am
Quoting Indrek
This is what always happens The best way to push PA to your direction is to close your trade

I took 20 pips from the same trade and was stopped out after that.
Yes I was hoping someone would benefit from my exit.

Well done
  • #2,803
  • Sep 25, 2009 1:13am Sep 25, 2009 1:13am
Quoting Iamfx
Also would it be possible to put on post#1 the 3 zip files of the 3 versions of mtf trix meter. I think it would be easier for newcomers.
But there are three different versions of MTF Trix attached to post 1?
  • #2,804
  • Sep 25, 2009 1:19am Sep 25, 2009 1:19am
I missed Num.2 trade caus busy working. And Num.1 was a good signal too. But I'm still scared for that situation and would wait till a retracement appear.

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  • #2,805
  • Edited 1:44am Sep 25, 2009 1:22am | Edited 1:44am
Quoting Wakayama
I missed Num.2 trade caus busy working. And Num.1 was a good signal too. But I'm still scared for that situation and would wait till a retracement appear.

Attachment
I think prices will go south today. But no proof, of course

For me, daily pivot of EURUSD seems to be the most decisive point.
  • #2,806
  • Sep 25, 2009 2:16am Sep 25, 2009 2:16am
Any comments on what went wrong here would be appreciated. Not that there is anything wrong with losses. I know the first stop could have been a little lower under the swing but I was already hurting near 40 pips
Cheers
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We are all One. Be present. Be the Observer
  • #2,807
  • Edited 2:44am Sep 25, 2009 2:26am | Edited 2:44am
Quoting Iamfx
Any comments on what went wrong here would be appreciated. Not that there is anything wrong with losses. I know the first stop could have been a little lower under the swing but I was already hurting near 40 pips
Cheers
A very complicated chart. Could you drag your trades to it from the history?

I wonder your "1st signal candle"... The candle with arrow is a signal candle, not the one before it.

My first impression is that you entered twice without a valid signal but I am not able to read your chart as it is too messy After you drag your trades to the chart and delete all your comments, it will be better.
  • #2,808
  • Sep 25, 2009 2:57am Sep 25, 2009 2:57am
I would say that the GU is simply consolidating at the moment and too dodgy to trade this system unless you're going for a small amount of pips. It needs to break out.
  • #2,809
  • Sep 25, 2009 2:58am Sep 25, 2009 2:58am
I have being following this thread for a while and I would like to say a big Thank you to Indrek, Glen, Swingman and to all those who have contributed to opening my eyes a little more to Forex.

The thread has shown that Forex trading does not have to complicated to be profitable and one does not have to fall over backwards to make decent pips daily and consistently. Thanks you once again.
  • #2,810
  • Sep 25, 2009 3:01am Sep 25, 2009 3:01am
Quoting akara
I have being following this thread for a while and I would like to say a big Thank you to Indrek, Glen, Swingman and to all those who have contributed to opening my eyes a little more to Forex.

The thread has shown that Forex trading does not have to complicated to be profitable and one does not have to fall over backwards to make decent pips daily and consistently. Thanks you once again.
  • #2,811
  • Sep 25, 2009 3:07am Sep 25, 2009 3:07am
Quoting Gleneagles
In terms of MTF trading, the only missing component is the 240 15 5 TF trading and adding 60 15 5 to it as a basket of trades. I suspect that most traders won`t even attempt it because they prefer lots of small trades with small SL and quick TP targets

Hi Glen, when trading the 240 15 5, what SL and TP levels would you consider? It sounds very attractive. Thank you for your time and effort so far.
  • #2,812
  • Sep 25, 2009 3:16am Sep 25, 2009 3:16am
Quoting akara
Hi Glen, when trading the 240 15 5, what SL and TP levels would you consider? It sounds very attractive. Thank you for your time and effort so far.
Glen is away for the weekend already. Hope, he will answer that on Monday if we remind him.
My personal suggestion for SL would be 80-100 pips for GBPUSD and 60-80 for EURUSD. And possibly the final target should be open and the stop for last portion be trailed.
  • #2,813
  • Sep 25, 2009 3:23am Sep 25, 2009 3:23am
Quoting Indrek
Possibly, I was wrong about direction and right about pivot
No one can be right forever

U R wellcom friend !!
  • #2,814
  • Sep 25, 2009 3:26am Sep 25, 2009 3:26am
Quoting Wakayama
No one can be right forever

U R wellcom friend !!
Always make two opposite assumptions, then you are never absolutely wrong
  • #2,815
  • Sep 25, 2009 3:29am Sep 25, 2009 3:29am
USD keeps on wanting to go down
took this trade because every trix is red....and it broke the round number

+20 and +40
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  • #2,816
  • Sep 25, 2009 4:04am Sep 25, 2009 4:04am
Quoting pgpb
USD keeps on wanting to go down
took this trade because every trix is red....and it broke the round number

+20 and +40

Nice trade!

Can you share the indi that can mark 00 level of price ?
  • #2,817
  • Sep 25, 2009 4:25am Sep 25, 2009 4:25am
Quoting Indrek
Glen is away for the weekend already. Hope, he will answer that on Monday if we remind him.
My personal suggestion for SL would be 80-100 pips for GBPUSD and 60-80 for EURUSD. And possibly the final target should be open and the stop for last portion be trailed.
Thanks Indrek for your answer, I will also like to remind Glen at least to get his opinion on it as well.
  • #2,818
  • Sep 25, 2009 4:45am Sep 25, 2009 4:45am
Quoting Wakayama
Nice trade!

Can you share the indi that can mark 00 level of price ?
Wakayama,

Pgpb kindly posted the round number indicator on page 177 post 2655 a few days ago.

Noel.
  • #2,819
  • Sep 25, 2009 6:34am Sep 25, 2009 6:34am
Have not had so weird trades for long time already... Very frustrating.
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  • #2,820
  • Sep 25, 2009 7:06am Sep 25, 2009 7:06am
Quoting Indrek
Have not had so weird trades for long time already... Very frustrating.
Finally you'r in right direction, ain't you
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