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MTF Trix system

  • #3,281
  • Oct 14, 2009 9:30am Oct 14, 2009 9:30am
Quoting drago24
hello I have been reading throught this thread and been looking for the manul that was mentioned and can not find it can someone please help me out? Or direcet me to where I can find it! o by the way great job with the post!!
Unfortunately, the manual had to be removed by the request of the author of the manual. But I am sure that many people here have downloaded it and can send it to you via e-mail. I did not save it, so I cannot help.
  • #3,282
  • Oct 14, 2009 9:39am Oct 14, 2009 9:39am
Ok Thank you!! hope someone will email it to me!! What page can I at least fine the stepup info?
  • #3,283
  • Oct 14, 2009 10:19am Oct 14, 2009 10:19am
Quoting drago24
Ok Thank you!! hope someone will email it to me!! What page can I at least fine the stepup info?
Initial setup is described at first page. You can trade 240,15,5 exactly the same way as 60,15,5, just the timeframes included are different.
  • #3,284
  • Oct 14, 2009 10:30am Oct 14, 2009 10:30am
Quoting drago24
Ok Thank you!! hope someone will email it to me!! What page can I at least fine the stepup info?

drago24, enable your email. I will then send you a copy.

freddi
  • #3,285
  • Oct 14, 2009 2:33pm Oct 14, 2009 2:33pm
Freddi,

Will you please email a copy to me also?
[email protected]
  • #3,286
  • Oct 14, 2009 11:22pm Oct 14, 2009 11:22pm
GBPUSD 60-15-5 +20
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  • #3,287
  • Oct 14, 2009 11:57pm Oct 14, 2009 11:57pm
Quoting Staghead
GBPUSD 60-15-5 +20
Hello Staghead would you mind pointing at your signal candle?
THanks!
  • #3,288
  • Oct 15, 2009 12:07am Oct 15, 2009 12:07am
Was not trading yesterday, so felt a kind of hungry today from the morning.
Entered when all TFs confirmed. As PA was very convincing, took the risk and re-entered right under the pivot.
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  • #3,289
  • Edited 12:29am Oct 15, 2009 12:16am | Edited 12:29am
Let us see what will happen today as GU and EU have moved to opposite directions.

I would bet that EU will turn up soon. But the probability is 50:50 as always.

Monthly R1 could be decisive.
  • #3,290
  • Oct 15, 2009 12:40am Oct 15, 2009 12:40am
Quoting musso
Hello Staghead would you mind pointing at your signal candle?
THanks!


Have marked signal candle with green arrow, high of candle was 1.6066 + 2 = 1.6068 + spread = 1.6072, took awhile to get filled.
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  • #3,291
  • Oct 15, 2009 4:38am Oct 15, 2009 4:38am
Indrek,

I know you use quik trailing EA for your trading

I had quik trailing EA set to my liking, but now I want to tinker with things.

If I want the stop to move to break even after 20 pips in profit, what should be my setting.

See image attached.

Does it move to break even when it hits the first take profit?

By the way, can anyone recommend a good thread on forex factory about money management?
this is an area I want to give some more thought to.
The size of my stops....the size of my take profits....right now I am just winging it, and I would like to give it some more consideration.

PGPB
Attached Image
  • #3,292
  • Oct 15, 2009 8:38am Oct 15, 2009 8:38am
Quoting pgpb

If I want the stop to move to break even after 20 pips in profit, what should be my setting.

See image attached.

Does it move to break even when it hits the first take profit?
No, it does not if your first profit is 15 pips as I see from the settings.
If "Set BreakEven At" is 10 then it is 10. You have to change it to 15 if you want a match with the first target.
  • #3,293
  • Oct 15, 2009 12:27pm Oct 15, 2009 12:27pm
Has anyone looked at using Murrey Math Lines?

In a ranging market, use the 15/5 trix and just bounce from octave to octave.

See attached chart.

If deemed worthy, I will post the indie.
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #3,294
  • Oct 15, 2009 1:43pm Oct 15, 2009 1:43pm
Quoting Vanhook2
Has anyone looked at using Murrey Math Lines?

In a ranging market, use the 15/5 trix and just bounce from octave to octave.

See attached chart.

If deemed worthy, I will post the indie.
I have looked at it but did not understand the point... So I never tested it in real trading. Besides, the pivots have always worked so well for me.
Feel free to post it but it would be best if you also added an explanation how to use the lines.
  • #3,295
  • Oct 15, 2009 7:30pm Oct 15, 2009 7:30pm
this is the trade I took yesterday. GU=60,15,5. But failed. It hit hard SL (40pips).
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...

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  • #3,296
  • Oct 15, 2009 8:14pm Oct 15, 2009 8:14pm
Quoting Wakayama
this is the trade I took yesterday. GU=60,15,5. But failed. It hit hard SL (40pips).
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...

Attachment
G'day Wakayama
There is a lot of resistance just above your trade.
Can you tell me what time GMT this trade was as I want to compare with my chart?
We are all One. Be present. Be the Observer
  • #3,297
  • Edited 8:39pm Oct 15, 2009 8:25pm | Edited 8:39pm
you cant take them all and expect to be consistently profitable

http://www.forexfactory.com/showpost...postcount=3154

http://www.forexfactory.com/showpost...postcount=3246




Quoting Wakayama
this is the trade I took yesterday. GU=60,15,5. But failed. It hit hard SL (40pips).
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...

Attachment
  • #3,298
  • Edited 10:34pm Oct 15, 2009 9:12pm | Edited 10:34pm
Quoting PeterE
you cant take them all and expect to be consistently profitable
That is true with any system. If someone invented a setup that wins every time then forex market would have no sense any more.
  • #3,299
  • Edited 9:30pm Oct 15, 2009 9:18pm | Edited 9:30pm
Quoting Wakayama
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...
One good filter is the calendar... Your entry was correct technically, and later price moved north, but you entered 5 minutes before news!

I entered the same direction with 240,15,5 a bit later.
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  • #3,300
  • Oct 15, 2009 9:29pm Oct 15, 2009 9:29pm
Also 240,15,5.
SL = 60, TP = 60, only one target.
In the morning decided to close it at -8 as GBPUSD had given nice profit already.

Edit: the signal was not confirmed at 240 but I took it as 240,15,5 hoping that EU will move together with GU.
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