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MTF Trix system

  • #2,841
  • Sep 27, 2009 5:17am Sep 27, 2009 5:17am
Hi Rathi,

at the first green arrow we got a signal,
the second green arrow agan but not a valid signal
the 3rd green arrow was valid because the because the super trix gave a blue arrow and the 5 minute candle makes a higher high then the previous candle.

Am i Right with the 30-5 system.

Willem-Dutchsignals
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  • #2,842
  • Sep 27, 2009 10:17am Sep 27, 2009 10:17am
Quoting dutchsignals
Hi Rathi,

at the first green arrow we got a signal,
the second green arrow agan but not a valid signal
the 3rd green arrow was valid because the because the super trix gave a blue arrow and the 5 minute candle makes a higher high then the previous candle.

Am i Right with the 30-5 system.

Willem-Dutchsignals
All M5 signals on your chart are potential entries as the M30 signal was confirmed earlier.
A higher TF signal stays valid until you get an opposite signal.
So, I would say that 1st and 2nd green arrow do not mark any signals.
  • #2,843
  • Edited 12:12pm Sep 27, 2009 11:17am | Edited 12:12pm
Quoting dutchsignals
Hi Rathi,

at the first green arrow we got a signal,
the second green arrow agan but not a valid signal
the 3rd green arrow was valid because the because the super trix gave a blue arrow and the 5 minute candle makes a higher high then the previous candle.

Am i Right with the 30-5 system.

Willem-Dutchsignals
Hi Willem,

just looked at your chart and I questioned myself whether I would have seen the same signals as you did. I put my ideas on your chart ... just a suggestion. I can see 3 valid signals ... maybe I'm wrong.

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Here is the same chart as I use to watch it. I can see 3 valid signals when using the 30,5 method and the first signal is even valid when using the 60,15,5 method.

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The market was a little choppy - looks like a whipsaw-market. Traders were perhaps waiting for the red-flag-news coming. I didn't take any trade on Friday. Some days are good to trade ... some days not.

Do you use xADR 0.2? If not ... you will find it in the paperclip ... and a good advice here: http://www.forexfactory.com/showpost...postcount=2346

Just my thoughts. Have a nice sunday



Quoting Indrek
All M5 signals on your chart are potential entries as the M30 signal was confirmed earlier.
A higher TF signal stays valid until you get an opposite signal.
So, I would say that 1st and 2nd green arrow do not mark any signals.
Hi Indrek,

Are my thoughts right? I too would say that Willem's 1st and 2nd arrows didn't mark any signals ... they have been too late. Please comment my ideas above.

Thank you - have a nice sunday

If there are pips you can collect - just do it!
  • #2,844
  • Sep 27, 2009 11:25am Sep 27, 2009 11:25am
Quoting harar


Hi there harar,

Thank you so much. Happy profitable trading to you with this good system.
  • #2,845
  • Sep 27, 2009 11:27am Sep 27, 2009 11:27am
Quoting akara
With this system you can write your weekly paycheck with such results.. Well done.


Hi there akara,

Thank you. May you achieve profitability with this great system.
  • #2,846
  • Sep 27, 2009 11:32am Sep 27, 2009 11:32am
Quoting studbiol
I totally agree!

Have a nice weekend ... there is much time to reread the manual ... Attachment ...still learning.


Hi there studbiol,

Having a good reread of the manual with the fire on? Hope you are not getting too roasted on the right side!
  • #2,847
  • Sep 27, 2009 11:57am Sep 27, 2009 11:57am
Quoting Iamfx
G'day Trader7
Great results. Would it be possible to explain your use of fractals in conjuction with mtf trix? If you feel its off topic a pm would be great.
Any help appreciated.
Cheers


Hi there Iamfx,

G'day mate. Thank you. As you are aware fractals are not part of the system so I have to be very brief. I use them in addition to the "Support Resistance" indicator as they help me to get a fast feel of the ebb and flow of the price action especially at the 5 minute level without having to go to the individual candles. The dots of the Support Resistance sometimes get covered by horizontal lines but the Fractals stand out and cannot be missed as they stand out like lighthouses.

Hope that clarifies and helps. Happy trading to you.
  • #2,848
  • Sep 27, 2009 12:22pm Sep 27, 2009 12:22pm
Quoting studbiol
Are my thoughts right? I too would say that Willem's 1st and 2nd arrows didn't mark any signals ... they have been too late. Please comment my ideas above.
You were correct about the signals.

But I cannot see how xADR indicator could help in avoiding choppy markets... This indi shows volatility on the basis of ATR but a very choppy market may also be very volatile.
If market is choppy or trending can be simply estimated visually without any indicators.
  • #2,849
  • Sep 27, 2009 1:02pm Sep 27, 2009 1:02pm
Quoting Indrek
You were correct about the signals.

But I cannot see how xADR indicator could help in avoiding choppy markets... This indi shows volatility on the basis of ATR but a very choppy market may also be very volatile.
If market is choppy or trending can be simply estimated visually without any indicators.
Sorry, wrong vocabulary: Substitute "calm" for "choppy" and you get the gist of what I mean. I'm still learning to improve my English
... it needs practice, practice, practice ...
Attached Image


OMG ... NO comparison with any ex-presidents please !!!

Waiting for Monday

If there are pips you can collect - just do it!
  • #2,850
  • Sep 27, 2009 2:50pm Sep 27, 2009 2:50pm
You are right. The channels indicators are now to find here

http://www.forexfactory.com/showpost...4&postcount=15
/ ... clarifying decisions ... /
  • #2,851
  • Sep 28, 2009 12:25am Sep 28, 2009 12:25am
60 15 5
240 15 5

Entry 149.37


+80 +775

TS locked @ 145.45
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" Never let the past hold the future to ransom "
  • #2,852
  • Sep 28, 2009 12:28am Sep 28, 2009 12:28am
Quoting Gleneagles
60 15 5
240 15 5

Entry 149.37


+80 +775

TS locked @ 145.45
What is your usual SL/TP strategy with 240,15,5?
  • #2,853
  • Sep 28, 2009 12:31am Sep 28, 2009 12:31am
Quoting Indrek
What is your usual SL/TP strategy with 240,15,5?
Yes, trading 240 15 5 with 60 15 5 as a combination.
" Never let the past hold the future to ransom "
  • #2,854
  • Sep 28, 2009 12:35am Sep 28, 2009 12:35am
Quoting Gleneagles
Yes, trading 240 15 5 with 60 15 5 as a combination.
No, I meant - what is your initial SL and TP? I would just double the values that are used with 60,15,5... Is it enough? GU 80, EU 60, GY 100?
  • #2,855
  • Sep 28, 2009 12:40am Sep 28, 2009 12:40am
Quoting Indrek
No, I meant - what is your initial SL and TP? I would just double the values that are used with 60,15,5... Is it enough? GU 80, EU 60, GY 100?
If you take the entry from 240M , it is OK.
" Never let the past hold the future to ransom "
  • #2,856
  • Sep 28, 2009 2:10am Sep 28, 2009 2:10am
+80 +775 +838

Scaling out due to large ranges printed since Asian Open.
I use the Sunday open price in order to calculate the Monday trading range.
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" Never let the past hold the future to ransom "
  • #2,857
  • Sep 28, 2009 2:31am Sep 28, 2009 2:31am
Alot of patient put in to this one but oh well not bad condsidering two lots for +33pips.
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  • #2,858
  • Sep 28, 2009 2:35am Sep 28, 2009 2:35am
Quoting Gleneagles
+80 +775 +838

Scaling out due to large ranges printed since Asian Open.
I use the Sunday open price in order to calculate the Monday trading range.
Well done Glen but if you continue to trade like this your broker will kick you out..keep this up and they will start to print money with your face on it..well done bro .
  • #2,859
  • Sep 28, 2009 2:54am Sep 28, 2009 2:54am
Quoting Gleneagles
+80 +775 +838

Scaling out due to large ranges printed since Asian Open.
I use the Sunday open price in order to calculate the Monday trading range.

Great trading Glen. This just further confirms the power of this simple trading system. Well done. I am still practicing and hope to get to your level of expertise soon. Happy trading.
  • #2,860
  • Sep 28, 2009 3:04am Sep 28, 2009 3:04am
GU 60,15,5
EU 30,5

As daily range was exhausted already during the Asian session, maybe it is better to stay aside for today?
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