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  • #81
  • Edited 3:39pm Oct 21, 2009 12:19pm | Edited 3:39pm
Quoting Gleneagles
Will post details later.

Edit: NZDUSD broke above range resistance.



Long at 75.78 at present

Because the breakout happened late during the day and lagging the other pairs,
I took 50% of the normal trade size because the daily range is technically exhausted as well.
It was OK to skip the trade as well.
Hope it makes sense?
Updated chart, no trade on AUDUSD but looking/considering a break above range resistance.
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #82
  • Oct 21, 2009 1:03pm Oct 21, 2009 1:03pm
I did cheat a little bit on the GBPUSD entry today by taking a position before the Trix 3 confirmed.
Trix 2 rolled over already and the break of range resistance and round number was OK to roll the dice.
I will report 2 sets of TP tomorrow, half position at first entry and half position at confirmed Trix 3.
" Never let the past hold the future to ransom "
  • #83
  • Oct 21, 2009 1:06pm Oct 21, 2009 1:06pm
I will stand aside on AUDUSD although it did push above range resistance.
I have enough open positions at present and will take a view tomorrow before LDN opens on the pair.
" Never let the past hold the future to ransom "
  • #84
  • Edited 11:01pm Oct 21, 2009 1:58pm | Edited 11:01pm
Here is the potential of MTF TRIX system. 14.3% in 2 days.

Please I have NOT followed rules, no particular management EA....

Please do not try and analyse each trade....

When I happen to be near the PC and see a potential trade.....I pull the trigger ,sometime late sometimes early,and close early or late too.

I am still getting used to a few things.
Which Management EA I want to use?
The MTF tix meter roy 05 is new to me? I like xecret 91d series,( manual page 8) but I am trying to follow gleneagles charts
Trading 240-15-5 is new to me!!!

etc,etc,
etc...

REASON FOR POSTING:

How easy to make pips with the system without a serious trading mind-set.

Imagine what I can make when I am seriously trading????

WOW!

EDIT: Forgot to mention, this is trading 2% of the mini account on any trade.These are microlots . At 2% this is considered conservative.( see manual page 12)
Attached Image (click to enlarge)
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  • #85
  • Oct 21, 2009 2:00pm Oct 21, 2009 2:00pm
Quoting lrathi
Here is the potential of MTF TRIX system. 14.3% in 2 days.

Please I have NOT followed rules, no particular management EA....

Please do not try and analyse each trade....

When I happen to be near the PC and see a potential trade.....I pull the trigger ,sometime late sometimes early,and close early or late too.

I am still getting used to a few things.
Which Management EA I want to use?
The MTF tix meter roy 05 is new to me? I like xecret 91d series, but I am trying to follow gleneagles charts
Trading 240-15-5 is new to me!!!

etc,etc,
etc......
Not looking too shabby to me
" Never let the past hold the future to ransom "
  • #86
  • Oct 21, 2009 2:08pm Oct 21, 2009 2:08pm
Some may find these useful.... ( I found them useful)
They have been floating around a few threads on FF.

1. ForexMarketsTiming
2. Predicting Price action
3. Cheat sheet
Attached File(s)
File Type: pdf Cheat_Sheet.pdf   321 KB | 556 downloads
File Type: pdf ForexMarketsTiming.pdf   62 KB | 576 downloads
File Type: pdf prediciting price action 2004[1].pdf   642 KB | 624 downloads
  • #87
  • Oct 21, 2009 2:12pm Oct 21, 2009 2:12pm
Quoting lrathi
Here is the potential of MTF TRIX system. 14.3% in 2 days.

Please I have NOT followed rules, no particular management EA....

Please do not try and analyse each trade....

When I happen to be near the PC and see a potential trade.....I pull the trigger ,sometime late sometimes early,and close early or late too.

I am still getting used to a few things.
Which Management EA I want to use?
The MTF tix meter roy 05 is new to me? I like xecret 91d series, but I am trying to follow gleneagles charts
Trading 240-15-5 is new to me!!!

etc,etc,
etc......
If you trade with the trend, you have the probabilities on your side. You may not have a perfect entry or exit but you have a good chance of gaining some pips.
This is why I trade MTF, it is simple, it is effective and it is robust.
" Never let the past hold the future to ransom "
  • #88
  • Oct 21, 2009 2:51pm Oct 21, 2009 2:51pm
Quoting lrathi
Some may find these useful.... ( I found them useful)
They have been floating around a few threads on FF.

1. ForexMarketsTiming
2. Predicting Price action
3. Cheat sheet
Please include in the next update of the manual:

1) When setting profit targets on 240M TF always include S3 and R3 if short or long respectively as TP levels. The probability of PA continueing past R3 and S3 is quite low. I have a figure of around 7% in my head but don`t put that in the manual, I need to confirm that first.
" Never let the past hold the future to ransom "
  • #89
  • Edited 3:34pm Oct 21, 2009 3:12pm | Edited 3:34pm
Quoting Gleneagles

Important notice:

These trades are all done with...............................
TTFN Merlyn
  • #90
  • Oct 21, 2009 4:02pm Oct 21, 2009 4:02pm
Hi, again...I've been trying to battle back into FX lately.

I feel slightly lost and I am glad you are posting here again.

I have a problem though...I want to use the 240 approach and I have the SMTrix v1 loaded with Royconfirmed signals loaded

but My 2 blocks do not match yours...on the 4H chart they are either both blue or both red...there is no staggering of momentum or anything.

I have line one set to 15 M and line 2 set to 5 M.

Please let me know what I'm doing wrong!!

Thanks
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  • #91
  • Oct 21, 2009 4:30pm Oct 21, 2009 4:30pm
Quoting pilotui
Hi, again...I've been trying to battle back into FX lately.

I feel slightly lost and I am glad you are posting here again.

I have a problem though...I want to use the 240 approach and I have the SMTrix v1 loaded with Royconfirmed signals loaded

but My 2 blocks do not match yours...on the 4H chart they are either both blue or both red...there is no staggering of momentum or anything.

I have line one set to 15 M and line 2 set to 5 M.

Please let me know what I'm doing wrong!!

Thanks
On 240M chart, set TF on Trix to 240, I trade with Trix setting 3 but have another indi with setting of 2 which functions as an early warning signal for me.
It is not really necessary but I do find it handy.
" Never let the past hold the future to ransom "
  • #92
  • Oct 21, 2009 4:38pm Oct 21, 2009 4:38pm
Quoting pilotui
Hi, again...I've been trying to battle back into FX lately.

I feel slightly lost and I am glad you are posting here again.

I have a problem though...I want to use the 240 approach and I have the SMTrix v1 loaded with Royconfirmed signals loaded

but My 2 blocks do not match yours...on the 4H chart they are either both blue or both red...there is no staggering of momentum or anything.

I have line one set to 15 M and line 2 set to 5 M.

Please let me know what I'm doing wrong!!

Thanks
Hello Pilotui,

Any given chart can only show multiple time frames of it's own time frame or higher, so a 4 hour chart will only show 4 hour results regardless of the MTF settings on the indicator. You will only see results for 5, 15, 60 and 240 minute settings on a 5 minute chart.

Hope this helps.
TTFN Merlyn
  • #93
  • Edited 6:56pm Oct 21, 2009 6:53pm | Edited 6:56pm
So just so I understand.

To make mine look like Glen's I need the following

1. A 4H chart

2. 2 Roystons Confirmed signals indy

3. 1 Roystons set to 240, with a 3 Trix

4. 1 Roystons set to a 240, with a 2 Trix

Is this correct?

Also... do these blocks repaint?
  • #94
  • Oct 21, 2009 7:35pm Oct 21, 2009 7:35pm
Is there a way to alert these blocks matching?

Thanks for you help!!
  • #95
  • Oct 21, 2009 10:43pm Oct 21, 2009 10:43pm
Quoting harar
Hi
I just found this thread. Thank you paidperpip. I am glad to see Lrathi and Gleneagle contributing their generosity and experience, as usual. I like the title of your thread and hope one day i will be able to fly like eagle
regards
Welcome!

I do my best when time permits!(We all three do!)
  • #96
  • Oct 21, 2009 10:50pm Oct 21, 2009 10:50pm
Quoting pilotui
Is there a way to alert these blocks matching?

Thanks for you help!!
We all drift away and come back as our time permits. Welcome!

Have you read manual 1.4? If not please do. This information is there. This is the help for all traders. Thanks for your consideration of self help from manual before asking for help on the open forum.( Read expectations in the manual).

There is an alert indicator under manadatory indicators?

Have a play around with it? It works on all MTF TRIX meters.
  • #97
  • Edited Oct 22, 2009 7:56am Oct 21, 2009 10:57pm | Edited Oct 22, 2009 7:56am
Quoting Gleneagles
If you trade with the trend, you have the probabilities on your side. You may not have a perfect entry or exit but you have a good chance of gaining some pips.
This is why I trade MTF, it is simple, it is effective and it is robust.
We think alike!

I am happy to take the meat in the middle of the trend and leave the two ends alone. Less stressful !

I am going to mention HINT 2 ( manual page 18 ) here again...not aimed for you but I know our posts are read by many . This alone with Higher TF participation is the key to high win rates. Of course if the CHECKLIST provided in the manual is used ....these are the first three points there too! BINGO! we should all be making money!


This is where the PDF of predicting price action 2004 comes in.
  • #98
  • Oct 21, 2009 11:07pm Oct 21, 2009 11:07pm
Quoting Gleneagles
Please include in the next update of the manual:

1) When setting profit targets on 240M TF always include S3 and R3 if short or long respectively as TP levels. The probability of PA continueing past R3 and S3 is quite low. I have a figure of around 7% in my head but don`t put that in the manual, I need to confirm that first.
Will do Gleneagles!

There have been useful information about 240-15-5 TF in terms of TP,SL,TS in your posts for the various currency pairs.

I will send you a draft with what I have collected in this area before updating v1.5

Once again thanks!
  • #99
  • Edited 3:39am Oct 22, 2009 12:31am | Edited 3:39am
GBPUSD 50 75 100 TS activated Stopped +69 on TS
50 Stop at BE (second position) Stopped +2 at BE

EURJPY 50 75 TS activated +67 closed manually

GBPJPY 50 75 100 150 TS activated +191 Stopped on TS

EURUSD +40 Stop pulled in to 14970
Edit: Stopped out -34

AUDJPY +40 Stop pulled in Closed -8

NZDUSD +40 +2 Stopped out

Just a quick update
" Never let the past hold the future to ransom "
  • #100
  • Oct 22, 2009 3:22am Oct 22, 2009 3:22am
I will update 240M again later

I still trade 60 15 5 in case you are wondering.
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" Never let the past hold the future to ransom "
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