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  • #321
  • Nov 9, 2009 4:15am Nov 9, 2009 4:15am
I did final tradings for tonight. I closed them manually after some profit because I have to go to bed.

GBPUSD: +25+28+31+27=+111 pips
GBPJPY: +25+20+13=+58 pips

This time I entered only 0.1 lot because I thought it went up too much today. I also saw red mark in Rmup but I followed the trix sign (all seven green blocks!!). Now I see the blue bars are created again and again. It is amazing. I know it cannot happen all the time but it is good to see a nice trending.

Good Night and I hope I could post some tomorrow!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 2009.11.09. 01 AM PT.JPG Size: 139 KB
Click to Enlarge Name: GBPJPY 2009.11.09. 01 AM PT.JPG Size: 131 KB
  • #322
  • Nov 9, 2009 4:17am Nov 9, 2009 4:17am
Quoting michaelhryu
I did final tradings for tonight. I closed them manually after some profit because I have to go to bed.

GBPUSD: +25+28+31+27=+111 pips
GBPJPY: +25+20+13=+58 pips

This time I entered only 0.1 lot because I thought it went up too much today. I also saw red mark in Rmup but I followed the trix sign (all seven green blocks!!). Now I see the blue bars are created again and again. It is amazing. I know it cannot happen all the time but it is good to see a nice trending.

Good Night and I hope I could post some tomorrow!

" Never let the past hold the future to ransom "
  • #323
  • Nov 9, 2009 4:32am Nov 9, 2009 4:32am
Quoting michaelhryu
I did final tradings for tonight. I closed them manually after some profit because I have to go to bed.

GBPUSD: +25+28+31+27=+111 pips
GBPJPY: +25+20+13=+58 pips

This time I entered only 0.1 lot because I thought it went up too much today. I also saw red mark in Rmup but I followed the trix sign (all seven green blocks!!). Now I see the blue bars are created again and again. It is amazing. I know it cannot happen all the time but it is good to see a nice trending.

Good Night and I hope I could post some tomorrow!

Excellent trading, Michael
  • #324
  • Nov 9, 2009 4:38am Nov 9, 2009 4:38am
EU +25

Glen, I know that I didn't follow the rules again.

Will start to trade 3 lots, and phase out. Need to figure out how to set a TS on FXDD (if it is allowed)..else switch to IBFX, which I believe you use.

Freddi
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  • #325
  • Nov 9, 2009 4:45am Nov 9, 2009 4:45am
Good day to short USDCAD. 25+35+45 = 105 pips
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  • #326
  • Nov 9, 2009 4:47am Nov 9, 2009 4:47am
GBP/JPY 35+45+60 = 140 pips
EUR/JPY 25+35+50 = 110 pips
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  • #327
  • Nov 9, 2009 5:07am Nov 9, 2009 5:07am
OK , this is the last chart of GBPUSD for the day.

I have tightened the TS because of the size of the trading range.

When I look at the trade, I am obviously happy it paid well and that I managed to catch a decent chunk of the move( when the TS is triggered)
What I will do then is to take a screenshot of the trade again and file it for my records. Before I do that I will attach a screenshot of the trade checklist once completed and checked. The trade is now completed after I have done my own " trade audit".

I don`t have a point to prove but a point of view how trading should be done. It applies to trading in general and in particular to this method.

We have a variety of MA`s , trendlines, stoch and possibly a whole selection of different indicators out there being used in a manner that adds no value to this type of MTF trading. The combination and permutation of different indicators may have value trading another totally unrelated system.

I have posted this before but I will repeat it......if you mix ice cream and dog food , you may actually quite like the taste..but do you know exactly what you are eating?

Today we looked the same charts, the same setups, the same entry criteria?
The outcome was not a function of individual talent or brilliance, it was the ability to stick to a simple trading plan and execute it without adding your own interpretation/opinion or gut feel to it. The video on the link that PPP posted sums it up far better than anything I can post here.

We are talking about a " private trading forum " .We are looking into the possibilities of getting it of the ground. A good starting point would be to get the basics right first. A trading forum that requires support in the form of explaining the basics, "unlearning " bad habits, eliminating 15 different versions of the same strategy will be a complete waste of time for all of us.

Either you trade like a professional or lose like an amateur.

OK, I am climbing of the soapbox now.

Good luck with the trading!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Nov. 09 12.27.gif Size: 27 KB
" Never let the past hold the future to ransom "
  • #328
  • Nov 9, 2009 5:19am Nov 9, 2009 5:19am
Quoting freddi
EU +25

Glen, I know that I didn't follow the rules again.

Will start to trade 3 lots, and phase out. Need to figure out how to set a TS on FXDD (if it is allowed)..else switch to IBFX, which I believe you use.

Freddi
Freddi,

I use MT4 mainly for charting. I only do a limited number of trades on MT4 platform. There should be very little difference in price feeds in the long run, server stability and reliability could be problematic though. Best is to try a few different ones.
" Never let the past hold the future to ransom "
  • #329
  • Edited 9:11am Nov 9, 2009 8:26am | Edited 9:11am
Quoting freddi
Thanks Glen..will learn this lesson!

I really like (and it is easy to remember)... "Divergence is speculation, PA is confirmation"

Freddi
If you read my posts on divergence I say the same thing
DIVERGENCE AWARENESS as an ALERT ONLY (SPECULATION) followed by the 123 pattern for confirmation before entry.( PA for confirmation.)

I will not mention divergence in my posts here as it seems it is not the right audience to appreciate this tool. I learnt this from a professional trader early in my forex educatrion who currently still teaches this strategy internationally and warmly received and traded profitabally.
This concept has caused confusion and controversy among traders here.
  • #330
  • Nov 9, 2009 8:49am Nov 9, 2009 8:49am
Quote from
http://www.forexfactory.com/showpost...&postcount=327

We are talking about a " private trading forum " .We are looking into the possibilities of getting it of the ground. A good starting point would be to get the basics right first. A trading forum that requires support in the form of explaining the basics, "unlearning " bad habits, eliminating 15 different versions of the same strategy will be a complete waste of time for all of us.

I agree but not quiet sure......

What exactly are you looking for ?
Please explain kindly.

1.Using your new template with toptrend indicator another indicator to show ranging /trending market in a new window and the 4x squares on the chart showing 4xTF
OR
2.???? old indicators...which ones???

If it is option 1..... on one knows the settings and what these new versions of old indicator are nor have access to them yet?

Is this new look of your charts for when we 'graduate 'to the private forum
or do we practice and show proof on the eaglets thread the basic method with this new look suite of old indicators.

Thanks.


  • #331
  • Nov 9, 2009 9:37am Nov 9, 2009 9:37am
I do trade MTF Trix live and do well with it. But don't post charts or ask questions after posting a chart that wasn't exactly like the others and taking the wrath of a few. just checking in, saying i'm here in the background.
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  • #332
  • Nov 9, 2009 10:21am Nov 9, 2009 10:21am
Hi everybody.
I wanna thank you guys for the MTF Trix trading method .. Gleneagles, lrathi and the others big thanks. Me personaly I am into trading from 7 years with moderate success. Three months ago I saw the thread MTF Trix in Trading systems and I stopped the awful hunting for the holy grail I finally found a system that suits me perfectly. Before that I used to backtest and trade a lot of systems may be hundret of them you all know they are countless. So I always knew Trix is great (THV system opened my eyes for it), and MTF for any indicator (especially Trix) is great advantage. This system combined with pivots and round numbers and time of course is sooo accurate I can't really believe what I see ))

So my plan is to trade it on demo until newyear and go to real.
I trade E/U 60-15-5 stricktly according to the manual
the risk is alwas 5% from the current equidity
my SL is 20 pips always and I have daily target of 30 pips - when I reach it I am out no more real trading for the day.. this method is showing good results for me account is growing sooo fast.

I want to ask you fellows what do you think about daily target? Anybody using something similar? My main concern is not to overtrade.. because in ranging markets I often scalp for 7-8pips.. but when a good trend starts I often pocket my 30 pips and then I see another 40-50.. but even with 30 it's fantastic

sorry for my english - not my native language

All the Best
Profit Margin is the King!
  • #333
  • Edited 1:53pm Nov 9, 2009 10:29am | Edited 1:53pm
Quoting lrathi
If you read my posts on divergence I say the same thing
DIVERGENCE AWARENESS as an ALERT ONLY (SPECULATION) followed by the 123 pattern for confirmation before entry.( PA for confirmation.)

I will not mention divergence in my posts here as it seems it is not the right audience to appreciate this tool. I learnt this from a professional trader early in my forex educatrion who currently still teaches this strategy internationally and warmly received and traded profitabally.
This concept has caused confusion and controversy among traders here.
I am not slamming divergence.I am also not slamming you because you prefer to add divergence into your trading plan. I merely pointed out to traders that making trading decisions without the necessary confirmation from PA could prevent you from entering potentially profitable trades or close trades prematurely. I am well aware that it is used by a lot of traders. What I am trying to achieve is to scale down to what is really needed to trade this method successfully. If you feel that it does serve a purpose in terms of making an entry or exit decision, by all means use it. I feel comfortable getting the information from PA and Trix.
" Never let the past hold the future to ransom "
  • #334
  • Nov 9, 2009 11:25am Nov 9, 2009 11:25am
GU 60,15, 5 +18 and 2 * +20 = 58pips


Well, at least I opened 3 lots...even if they were not all opened at the same time! Closed early as we were approaching end of 'Trading Hours"

An unbelievable 115 pips today (would have been much more if I had followed the rules), from 4 trades!! Today has been my best day ever of demo trading.

I need to practice much more, and fully implement the rules!


Freddi
Attached Image (click to enlarge)
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  • #335
  • Nov 9, 2009 11:28am Nov 9, 2009 11:28am
[quote=lrathi;3218391]Quote from
http://www.forexfactory.com/showpost...&postcount=327

We are talking about a " private trading forum " .We are looking into the possibilities of getting it of the ground. A good starting point would be to get the basics right first. A trading forum that requires support in the form of explaining the basics, "unlearning " bad habits, eliminating 15 different versions of the same strategy will be a complete waste of time for all of us.

I agree but not quiet sure......

What exactly are you looking for ?
Please explain kindly.

1.Using your new template with toptrend indicator another indicator to show ranging /trending market in a new window and the 4x squares on the chart showing 4xTF
OR
2.???? old indicators...which ones???

If it is option 1..... on one knows the settings and what these new versions of old indicator are nor have access to them yet?

Is this new look of your charts for when we 'graduate 'to the private forum
or do we practice and show proof on the eaglets thread the basic method with this new look suite of old indicators.

Thanks.

I have changed nothing so far.
The " new look " charts that I posted is not a radically new method of trading MTF Trix.
It is an attempt to simplify the charts and method even more to make it easier to trade.. It is also an attempt to provide ALL the information you need in a simple indicator without clogging up the charts with non-essentials. I added BB or TopTrend because with the correct settings you will normally be able to trail a trade more effectively than using a defined number based TS. I try to trade smarter, be more efficient and stick to what I define as the basics or the "essentials".

I have traded in excess of 6000 trades live using mainly MTF trading techniques, I have made most of the mistakes that are possible in trading.
By now I have a fair idea what is required to trade MTF successfully. I have added, deleted, combined, merged and blended anything and everything spelled indi..... to realize after endless hours of screen time that simple is best, simple actually works. Going around in circles adding, deleting, changing , " enhancing" does not work for me, I found something simple that has produced pips consistently under most market conditions.

What I was hoping to achieve is to focus on a simple MTF method, with a basic, simple trading plan incorporating the essential elements required, maybe even a simple basic template ,in an environment conducive to trading.
Let us be realistic and put the idea of a " private trading forum " on ice. The last thing I want to do is try and " bully " anyone into trading MTF Trix like I believe it should be traded.
" Never let the past hold the future to ransom "
  • #336
  • Nov 9, 2009 12:17pm Nov 9, 2009 12:17pm
"What I was hoping to achieve is to focus on a simple MTF method, with a basic, simple trading plan incorporating the essential elements required, maybe even a simple basic template, in an environment conducive to trading." --Gleneagles

I would like to see this quote appear in Post #1 as the mission statement of this thread.
  • #337
  • Nov 9, 2009 3:49pm Nov 9, 2009 3:49pm
Quoting Gleneagles
It is an attempt to simplify the charts and method even more to make it easier to trade.. It is also an attempt to provide ALL the information you need in a simple indicator without clogging up the charts with non-essentials. I added BB or TopTrend because with the correct settings you will normally be able to trail a trade more effectively than using a defined number based TS. I try to trade smarter, be more efficient and stick to what I define as the basics or the "essentials".
Good post.

May I please ask if you think 60>30>15>5 offers any real improvement on 60>15>5, or are you experimenting ?

I agree dynamic stops are a good idea.

Goodnight .
  • #338
  • Nov 9, 2009 10:15pm Nov 9, 2009 10:15pm
Quoting mary4x
"What I was hoping to achieve is to focus on a simple MTF method, with a basic, simple trading plan incorporating the essential elements required, maybe even a simple basic template, in an environment conducive to trading." --Gleneagles
Meditation, too, is something that is innately simple, and yet so difficult to achieve...

When one makes themselves comfortable, with the sole purpose of focusing one's attention on the breathing, it is often the last thing we can achieve.

And yet, how simple can it be? Very simple instructions: Lie still. Watch the Breath. And yet...

Therein lies our paradox...

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #339
  • Nov 10, 2009 12:42am Nov 10, 2009 12:42am
I for one think that if someone who is one of the 5 percenters is going to help me be one of the 5 percenters I will try very hard to do exactly as he tells me whether its on this forum or another. Hopefully Glen is pprepared to stick around.
We are all One. Be present. Be the Observer
  • #340
  • Nov 10, 2009 1:32am Nov 10, 2009 1:32am
i want to ask one question about the three block method. i need to use the sm C4scalper signals_v1 to confirm a trade i cannot found in the manual.If yes how to match with the three block rules.http://cdn.forexfactory.com/images/icons/icon5.gif
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