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  • #281
  • Nov 5, 2009 7:22am Nov 5, 2009 7:22am
Quoting fxpilot
Excellent idea Glen. I fully support the idea of a private trading forum. The system is as simple as it gets and generates pips consistently. I admire the extraordinary patience that yourself and Irathi have demonstrated in sharing with us. Your new and improved version looks very interesting. Looking forward to hearing more about it. Happy trading.

fxpilot
Good to hear from you on the thread!

How is your trading journey? Anything to share here? It will be good.

Thanks for your compliments..... sometimes the patience does wear thin .
Try to do my best.

Regards
  • #282
  • Nov 5, 2009 8:06am Nov 5, 2009 8:06am
That's amazing results. I am still on Demo and can't show fantastic result like yours. My journey with Trix meter is still at the beginning. I am trying to get myself familiar incorporating Trix meter with moving averages. I tried using Pivot points, MACD, and other indicators, so far moving averages work well this week. Yes, it's true the outcome of your trading profit depends on your discipline mind. It's hard to wait and wait for the right entrance, but for the sake of making consistent profit, it's worthed.

This is my first month using Trix meter on demo. I hope to be successful in 3 months time.
  • #283
  • Nov 5, 2009 8:29am Nov 5, 2009 8:29am
Quoting Gleneagles
GBPUSD TS hit +83 pips
GBPJPY TS hit +161 pips
I noticed you use the regular Toptrend settings.
Do you wait for the current candle to close at which the alert and trend change occurs before entering the trade ?
Do you use the indicator as a stand-alone tool without looking at higher timeframes ?
  • #284
  • Nov 5, 2009 9:00am Nov 5, 2009 9:00am
Quoting Gleneagles
The penny has finally dropped!

If you can jump this hurdle, believe me, you already have an edge compared to the 90% that will be doomed to a frustrating life of wandering around forums and threads looking for the next " flavor-of-the day/month ".

You will NOT find the answer you are looking for because you are looking in the wrong place!

The majority of traders trade to avoid losses and don`t trade to win. This becomes a mindset as well as their trading strategy( if you can call it that)
At the end of the trade they are happy that they...
Perfect summation of the trading psyche.

Thanks for that!
  • #285
  • Nov 5, 2009 9:04am Nov 5, 2009 9:04am
Quoting globalinvest
I noticed you use the regular Toptrend settings.
Do you wait for the current candle to close at which the alert and trend change occurs before entering the trade ?
Do you use the indicator as a stand-alone tool without looking at higher timeframes ?

It is merely an aid to trail the remainder of the open positions once TP1 and TP2 has been hit. It is not part of any entry criteria. I am testing a trade management EA with this function incorporated and if it works properly will remove the indicator from the chart. The settings are from BB which is the same as Toptrend but it is not the current default settings.
" Never let the past hold the future to ransom "
  • #286
  • Nov 5, 2009 9:08am Nov 5, 2009 9:08am
Quoting Gleneagles
It is merely an aid to trail the remainder of the open positions once TP1 and TP2 has been hit. It is not part of any entry criteria. I am testing a trade management EA with this function incorporated and if it works properly will remove the indicator from the chart. The settings are from BB which is the same as Toptrend but it is not the current default settings.
Got it. Thank you.
A real nice tool for managing exits!
  • #287
  • Nov 5, 2009 9:43am Nov 5, 2009 9:43am
Quoting ForexHunter
That's amazing results. I am still on Demo and can't show fantastic result like yours. My journey with Trix meter is still at the beginning. I am trying to get myself familiar incorporating Trix meter with moving averages. I tried using Pivot points, MACD, and other indicators, so far moving averages work well this week. Yes, it's true the outcome of your trading profit depends on your discipline mind. It's hard to wait and wait for the right entrance, but for the sake of making consistent profit, it's worthed.

This is my first month using Trix...
Trading plan comes first.

Demo trading 1-3 months comes next.

I keep emphasis on hint 2 in the manual and follow the checklist.

Many feel the need to try many indicators in the beginning of their trading journey as a security blanket..... These do reduce as traders travel further into their trading journey.

I find the Price action with my 3 basic rules has served me well over the years.
1. trading with higher timeframe participation (MTF TRIx METER)
2. respect s&R (auto pivots,/ fibonacci,/ round numbers etc)
3. respect divergence ( this is my way of knowing the trend is weakening/strengthening).

I am trading H4 TF not the lower ones due to my personal commitments.

Discipline and mindset and money management is vitally important.

Shall look forward to following your journey on the thread and I am sure with dedication and commitment you will find trading becoming easier and easier and account balance increasing as well.
  • #288
  • Nov 5, 2009 10:01am Nov 5, 2009 10:01am
Lrathi, thank you for the video. I took "the moment" to listen.
  • #289
  • Nov 5, 2009 10:23am Nov 5, 2009 10:23am
Quoting mary4x
Lrathi, thank you for the video. I took "the moment" to listen.
You are welcome Mary!

I had a few AHA! moments with both THE POWER OF NOW and THE NEW EARTH.
  • #290
  • Edited 8:38pm Nov 5, 2009 3:48pm | Edited 8:38pm
Thanks to Gleneagles for his posts on sticking to our trading plan. I have printed and laminated the posts and will read them each day before I start trading, hopefully it will start to sink into my thick head.

Cheers
  • #291
  • Nov 5, 2009 11:49pm Nov 5, 2009 11:49pm
Todays philosophy lesson(its an old one) beware the ego. The ego tries to tell us that trading is hard so that when we succeed we can put ourselves on a pedestal and say how smart we are and when we fail it tells us how useless we are. Either way it strengthens itself--a win win for it and a lose lose for us. A strong ego submerges the true self. Hey, I may not know a lot about trading but you can trust me on this ego stuff!
Here's a couple of pretty pictures as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aussie.jpg Size: 259 KB
Click to Enlarge Name: cable.jpg Size: 260 KB
We are all One. Be present. Be the Observer
  • #292
  • Nov 6, 2009 12:26am Nov 6, 2009 12:26am
Quoting Staghead
Thanks to Gleneagles for his posts on sticking to our trading plan. I have printed and laminated the posts and will read them each day before I start trading, hopefully it will start to sink into my thick head.

Cheers
I still trade every trade with my checklist to make sure I trade with an edge.
One in a while I get too clever and break the rules. Luckily the human body is designed in such a way that it is difficult to kick your own backside

I cannot really remember all the great trades that paid plenty pips but I remember most of the trades I lost because I did not stick to the rules!
" Never let the past hold the future to ransom "
  • #293
  • Nov 6, 2009 2:14am Nov 6, 2009 2:14am
Quoting Gleneagles
One in a while I get too clever and break the rules. Luckily the human body is designed in such a way that it is difficult to kick your own backside

Looks like the body designer up there thought he has take care of us traders when we "get too clever and break the rules". Does that mean we have been given due recognition as an approved vocation or profession?
  • #294
  • Nov 6, 2009 5:50am Nov 6, 2009 5:50am
Quoting Trader7
Looks like the body designer up there thought he has take care of us traders when we "get too clever and break the rules". Does that mean we have been given due recognition as an approved vocation or profession?
I had no insight in the first draft of the design but it works for me
" Never let the past hold the future to ransom "
  • #295
  • Nov 6, 2009 8:50am Nov 6, 2009 8:50am
Quoting lrathi
Good to hear from you on the thread!

How is your trading journey? Anything to share here? It will be good.

Thanks for your compliments..... sometimes the patience does wear thin .
Try to do my best.

Regards
Hi Lrathi,

Trading is going well. MTF Trix Strategy has proven itself to be robust and profitable. It compliments my preferred method of trading breakouts. I will start posting trading results here. Happy trading.

fxpilot
  • #296
  • Edited 9:38pm Nov 6, 2009 7:24pm | Edited 9:38pm
Quoting fxpilot
Hi Lrathi,

Trading is going well. MTF Trix Strategy has proven itself to be robust and profitable. It compliments my preferred method of trading breakouts. I will start posting trading results here. Happy trading.

fxpilot
Look forward to you sharing your trades here. Breakouts come after consolidation periods of price.... ( RANGING MARKET CONDITIONS)
so MTF TRIX ( TREND-FOLLOWING STRATEGY) will compliment this trading plan that you trade.
  • #297
  • Nov 7, 2009 7:38am Nov 7, 2009 7:38am
Quoting lrathi
Look forward to you sharing your trades here. Breakouts come after consolidation periods of price.... ( RANGING MARKET CONDITIONS)
so MTF TRIX ( TREND-FOLLOWING STRATEGY) will compliment this trading plan that you trade.
Breakouts after market consolidation usually happen during Japan/Australia markets openings.
  • #298
  • Edited 3:14pm Nov 8, 2009 2:48pm | Edited 3:14pm
Hi everyone. I trust we all had a good weekend.

As you are all aware, Glen is of the opinion that the way forward for those traders seeking to deepen their knowledge of his trading techniques will be via a private forum. I have received many PM's from folks wanting to be put on the list for this forum. Glen has expressed that he would rather teach a handful of dedicated learners than a multitude of window shoppers. This is quite understandable, given that those who are serious about developing their trading plans further will naturally be more likely to not only take notice of the lessons to be learned, but also will take much more responsibility for the trades they take with the system.

It has been suggested that perhaps the best way to gauge if someone has handled the basics and is having some level of success with the trading plan as it currently exists, is for traders to continually post their charts and/or account summaries on a daily or weekly basis. If you trade MTF live, and you don’t want to share your personal information with the rest of the planet, a screenshot of the trades should be sufficient.

Again, post the good ones as well as the ones that didn't come off. YOU WILL NOT BE MADE TO LOOK LIKE A FOOL ON THIS THREAD, so feel free to post your unsuccessful trades. We can all learn from both sides of the ledger here. In terms of the 'stuff-ups', see if you violated any aspect of your trading plan or if it was just one of those trades that should have worked, but simply didn't.

But, only go to this trouble if you want either to just be an active participant in this thread, or if you seek to go on to the private forum. This thread can then become the 'proving ground' if you like. I am loathed to say that we must first 'graduate' from here to get to the private thread, but in a sense, it amounts to the same thing...

So, it's time to get serious. If you are keen to take your trading up a notch (or several), then trade some setups and post them on the thread.

It has also been suggested that it might be an idea for trader's seeking to 'graduate' to formalise their trading plans if they have not done so already. For clarification, lrathi provided a hint to a link a few days ago to some great resources in this regard. Have a bit of a look, and formalise your own plan. Take the time to have a look. It will make you ask questions of yourself that you may not have considered before, and will certainly enlighten your trading strategy.

A trading plan is important for many reasons. Firstly, it means that you have ownership of your trades. It 'machinates' a very emotive process. It assists in making tangible the intangible. If you don't trade off a plan, it will be interesting to see what changes one will make to YOUR bottom line.

At the end of the day, what we are looking for is your level of professionalism. When you think about it, we owe it to ourselves to bring as much professionalism to bear in our ventures anyway.

So, at this stage, the encouragement is for folks to post their trades and to begin working to a set trading plan if you do not already have one. We have a reasonably simple setup here, so it should not be hard for individuals to run up a full trading plan and stick it beside their computers. When posting, just let everyone know which setup you used, and what your targets were/what you actualised from the trade.

At the end of the day, what each one of us has available to us currently is the wisdom of a professional trader, and instead of asking us to cross his palm with silver, attend a seminar or buy a $5000 DVD series, ALL he wants from us is to prove to him that our personal level of interest is real and that we have put a reasonable amount of effort into trading the existing setup he has provided us with. I would say that this is a pretty sweet deal!

Having said that, I wish everyone the best of luck for the week.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #299
  • Nov 8, 2009 3:59pm Nov 8, 2009 3:59pm
Fantastic result Lrathi, could I just ask though what your technique is for watching so many pairs, do you just watch certain pairs at certain times or do you watch them all at the same time?
  • #300
  • Nov 8, 2009 4:32pm Nov 8, 2009 4:32pm
Good opportunity PPP. I'll start putting up my Trix trades again.

An explanation of why the trade was taken, entry, exit, stop etc is also a good idea. Because its actually very easy to throw trades at a simulator get some positive results and then think you are moving forward.

But when we go to cash, without a water-tight plan, emotion invariably kicks in, and we are left wondering why it just isnt working any more.

Peter

Quoting paidperpip
So, it's time to get serious. If you are keen to take your trading up a notch (or several), then trade some setups and post them on the thread.

When posting, just let everyone know which setup you used, and what your targets were/what you actualised from the trade.

ALL he wants from us is to prove to him that our personal level of interest is real and that we have put a reasonable amount of effort into trading the existing setup he has provided us with. I would say that this is a pretty sweet deal!
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