Eaglets Flight Training School | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Training: What to Look for in a Forex Training Program 1 reply

Quit Job , go Back to School, Trade Forex? 33 replies

Can forex trading help with a MBA school admission ? 1 reply

Attachments: Eaglets Flight Training School
Exit Attachments

Eaglets Flight Training School

  • #381
  • Edited Nov 12, 2009 4:37am Nov 11, 2009 9:33pm | Edited Nov 12, 2009 4:37am
Quoting brucech
paidperpip,

Nice Checklist displayed on the charts.
It is nice as a reminder to be sure we are following the rules of engagement.
Are you willing to share that with us?

Thanks.

Bruce
Attached...

For those that are interested, I also have a seperate pair set up, with everything on the chart set to 'None' in terms of colours. So, essentially, it is a blank chart. I then attached the iExposure indi to it. It shows your P&L for all of your pairs. I have attached it as well (although it may be a standard MT4 indi?)... In this way, I am not clogging up my 'working charts' with the MT4 statement flicking away, and thus increasing screen size for the important info, but allowing me to see how all of my trades are going at a single glance.

This is also the place that I am in the process of writing notes on. Things like correlations etc. Just thought I would mention it, because it is a way to keep information neatly setup, and provides good feedback for how your trades are going.

N.B. Ensure that you change the chart shift in the C4TradeTimes indi from GMT 0 to suit you. For me, a setting of 2 is appropriate for the major crosses, and a setting of 0 works well for the Yen crosses.

PPP
Attached File(s)
File Type: tpl trixplicity.tpl   32 KB | 314 downloads
File Type: mq4 iExposure.mq4   8 KB | 274 downloads
How do you make a small fortune in Forex? Start with a large one!
  • #382
  • Nov 11, 2009 9:48pm Nov 11, 2009 9:48pm
Quoting paidperpip
Attached...

PPP
This checklist template I think is worthy as mandatory. Again making MTF TRIX basic system easier to follow the rules for us all.
  • #383
  • Nov 11, 2009 9:54pm Nov 11, 2009 9:54pm
Quoting brucech
Irathi,

Thank you for taking the time to keep up with this thread and make changes(additions) to the Manual.
It is much appreciated.

Bruce
The intention is to help old and new members have a reference condensed in a few pages of a document rather than read pages and pages and zillions of posts to get the essential information.

Majority (99,9%) find this comprehensive and useful, but there will be some that still complain it is complicated and try to be spoonfed further which causes more grey hairs for others asking repeated questions which can be found in the manual.

Thanks for acknowledging and appreciation.
  • #384
  • Nov 11, 2009 9:59pm Nov 11, 2009 9:59pm
So, I thought I would post the failed EG trade from last night...

* Entry was 4.4 pips below 00. It had closed 4 times below 00 before I entered.
* The low of the previous candle was not the lowest, but it was 9 pips lower than the signal candle.
* ATR and ADX were fine at the time, and there was no news for a few hours at that stage. Could that instability been causes by the French Bank holiday? Or was it a LACK of news meaning that there was nothing driving the markets fundamentally?
* It was right between two pivots, nearly 25 pips in either direction.

I know there was a lot of froth and bubble happening last night, but does anyone have any suggestions?

Is there a way to know when the rules are not going to work? The majority of my losing trades are similar to this one. If I could get this ironed out, it would make a big difference to my trading.

PPP
Attached Image (click to enlarge)
Click to Enlarge Name: now.gif Size: 32 KB
How do you make a small fortune in Forex? Start with a large one!
  • #385
  • Nov 11, 2009 10:29pm Nov 11, 2009 10:29pm
Quoting Gleneagles
.

PPP , I really appreciate the effort you are putting into this thread and the effort that Irathi put into the manual. I need to step back and take a view whether I can justify the time and effort to go through the whole process again starting with a "clean slate". Everything that is required to trade MTF Trix successfully is here already, the only missing ingredient is the trader`s commitment, motivation and above all the desire to be successful. I can assist with everything else but the last part required to complete...
In the post you deleted( JUSTIFIED) you did philosophise at the end of it.
I did resonate with every word .

It is this honesty and wisdom which is why I have a high respect for you, not just the MTF TRIX system you have generously shared with us all.

Success in career is one thing...... There are many who achieve this in their life. Success in self honesty and advancement is higher and more spiritual.

Many successful people in their careers are not successful in personal honesty and advancement as well. We are all part this universe, to me the immaterial values weigh more.
  • #386
  • Nov 11, 2009 11:01pm Nov 11, 2009 11:01pm
PPP
i also faced the same problem i loss 40 pips in EURGBP ,can i ask you how do you determine when to cut the loss to 15 pips or originally your stop loss is 15 pips
Also i trade AUDUSD and loss 40 pips anybody can corrected my problem
when the trade is trigger the ADR is nice and ATR 5 is bigger than ATR 25.
and is below weekly R1
one more question ,when the trade is trigger ,the ATR 5 is same level or maybe 1 - 2 bigger than the ATR 25 (is show GREEN) ,can i take the trade ,is't too tighthly betwwen the two ATR.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 39 KB
  • #387
  • Nov 12, 2009 12:04am Nov 12, 2009 12:04am
Quoting lrathi
http://cdn.forexfactory.com/attachme...1&d=1257961388


Gleneagles,

To date the TOPTREND indicator with settings on your charts has been been given on the thread.

Are you planning to post the details now or waiting ?

Thanks
Try setting 15 , some prefer default 20 , others 12, best is to use a setting that will trail a fair chunk of the move.
" Never let the past hold the future to ransom "
  • #388
  • Nov 12, 2009 12:36am Nov 12, 2009 12:36am
Quoting weisiong00
PPP
i also faced the same problem i loss 40 pips in EURGBP ,can i ask you how do you determine when to cut the loss to 15 pips or originally your stop loss is 15 pips
Also i trade AUDUSD and loss 40 pips anybody can corrected my problem
when the trade is trigger the ADR is nice and ATR 5 is bigger than ATR 25.
and is below weekly R1
one more question ,when the trade is trigger ,the ATR 5 is same level or maybe 1 - 2 bigger than the ATR 25 (is show GREEN) ,can i take the trade ,is't too tighthly betwwen the two ATR.

If you look at the screenshots of the trades I post, you will notice that very seldom will I take trades before 07H00 GMT (after daylight saving)
The period at the end of the Asian session and before Europe starts trading is not the best time to enter trades. Trading activity is low, it is prone to false little breaks etc.
You will notice that on all the screenshots I posted, I have the period 5H00 GMT-7H00 GMT highlighted. I want to see AFTER this " handover " period what direction the trend may take for the LDN session.

For the same cost/spread, essentially the same risk, you can probably trade other pairs with a bigger potential return because of better trending abilities, any reason why you prefer to trade AUDUSD and EURGBP?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 12 08.17.gif Size: 30 KB
" Never let the past hold the future to ransom "
  • #389
  • Nov 12, 2009 1:02am Nov 12, 2009 1:02am
Quoting paidperpip
So, I thought I would post the failed EG trade from last night...

*...
Here is my chart ---same time -same bat station(old joke) same pair but completely different charts. There is no valid signal on mine. Anybody got any ideas
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp weird.jpg Size: 259 KB
We are all One. Be present. Be the Observer
  • #390
  • Nov 12, 2009 1:35am Nov 12, 2009 1:35am
i am,

i have had the same thing happen, the blocks at X time looked one way and then at Y time looked another.

it hasnt happened often, but i now make a habit of restarting the platform a couple of times a day, to refresh the charts so to speak.

Quoting Iamfx
Here is my chart ---same time -same bat station(old joke) same pair but completely different charts. There is no valid signal on mine. Anybody got any ideas
  • #391
  • Nov 12, 2009 1:56am Nov 12, 2009 1:56am
The moving averages are 10 EMA and 21 EMA, and 50 SMA.
MACD (12, 26, 9)

A new trend happens when 10-21 intersected and the candle breaks 50 SMA as floating support/resistance. The Trix meter shows 30-5, 60-15-5 or 140-15-5 strategy. And the entrance timing happens when MACD bar>line or bar<line (closer to the middle line or 0).
  • #392
  • Nov 12, 2009 2:28am Nov 12, 2009 2:28am
Quoting PeterE
i am,

i have had the same thing happen, the blocks at X time looked one way and then at Y time looked another.

it hasnt happened often, but i now make a habit of restarting the platform a couple of times a day, to refresh the charts so to speak.
Yeah but this was a brand new chart I put up cause I dont normally trade that pair---unless PPP's chart needed a refresh.
Can I get some comments on why this eu trade failed. ist section of blocks is 60 15 5 next is 240 15 5. Can someone else post their chart to see if signals match?
Attached Image (click to enlarge)
Click to Enlarge Name: euro failed.jpg Size: 247 KB
We are all One. Be present. Be the Observer
  • #393
  • Nov 12, 2009 2:32am Nov 12, 2009 2:32am
Quoting Gleneagles
If you look at the screenshots of the trades I post, you will notice that very seldom will I take trades before 07H00 GMT (after daylight saving)
The period at the end of the Asian session and before Europe starts trading is not the best time to enter trades. Trading activity is low, it is prone to false little breaks etc.
You will notice that on all the screenshots I posted, I...
thanks for your help ,i catch it i take the trade because i saw a signal in such currency and i trade the trade because the suggested trading times is 05H30-10H00GMT and 12H00-16H00 GMT.
my country is Singapore ,which means GMT+8 .my broker is IBFX ,the broker using GMT+0 so, you means i better don't trade between 05H00GMT to 07H00GMT but is after the time frame.
so do you encourage to trade JPY cross in the TOKYO market open ?
  • #394
  • Nov 12, 2009 2:41am Nov 12, 2009 2:41am
Quoting weisiong00
thanks for your help ,i catch it i take the trade because i saw a signal in such currency and i trade the trade because the suggested trading times is 05H30-10H00GMT and 12H00-16H00 GMT.
my country is Singapore ,which means GMT+8 .my broker is IBFX ,the broker using GMT+0 so, you means i better don't trade between 05H00GMT to 07H00GMT but is after the time frame.
so do you encourage to trade JPY cross in the TOKYO market open ?
Nothing wrong trading Yen crosses during that period, even AUD or NZD if you really like them.
I trade LDN and NY only because of my timezone (GMT +2) , it is normal working hours for me to trade both sessions.
" Never let the past hold the future to ransom "
  • #395
  • Nov 12, 2009 2:54am Nov 12, 2009 2:54am
Quoting Iamfx
Yeah but this was a brand new chart I put up cause I dont normally trade that pair---unless PPP's chart needed a refresh.
Can I get some comments on why this eu trade failed. ist section of blocks is 60 15 5 next is 240 15 5. Can someone else post their chart to see if signals match?

Post 388 may assist you.
" Never let the past hold the future to ransom "
  • #396
  • Nov 12, 2009 3:08am Nov 12, 2009 3:08am
Look at this chart. I entered 60-15-5 strategy with the help of MACD bar<signal. And all the moving averages are in alignment going down.
Attached Image (click to enlarge)
Click to Enlarge Name: gpbjpy01.jpg Size: 251 KB
  • #397
  • Nov 12, 2009 3:08am Nov 12, 2009 3:08am
Glen i think you do not using smC4 Scalper Signals_v1 right?because i saw somebody using it in their post >>>>>three block method!
and in the manual stated that entry after the price make a lower of 2 pips (sell trade) and i found out sometime the price retrace and almost hit the stop loss but finally go in my favor direction.i am so scared when the price retrace .Do you faced this problem before.

nice trade .i just enter EURUSD before i type this massages and my first target hits ,wow so happy.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #398
  • Nov 12, 2009 3:10am Nov 12, 2009 3:10am
Quoting Gleneagles
If you look at the screenshots of the trades I post, you will notice that very seldom will I take trades before 07H00 GMT (after daylight saving)
My bad. If others are using the C4 focus time indi, the GMT shift needs to be changed from 0 to 2 (if you haven't already changed it).

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #399
  • Nov 12, 2009 3:23am Nov 12, 2009 3:23am
Quoting ForexHunter
Look at this chart. I entered 60-15-5 strategy with the help of MACD bar<signal. And all the moving averages are in alignment going down.

1) Mark the entry signaled by MTF Trix.
2) Mark the entry signaled by MACD
3) If one is a condition of the other, are you trading Trix or MACD?
4) Do this for a few currency pairs over a period of 3/4 weeks and compare the results?
5) If you find that MACD is a better option to trade then stick with MACD
6) If you find that Trix is a better option to trade then stick with Trix

This way you will be able to evaluate properly whether there is an advantage trading one system versus another.

Don`t be surprised when the MA`s are pointing down as well, it is merely telling you that Trix is short
" Never let the past hold the future to ransom "
  • #400
  • Nov 12, 2009 3:38am Nov 12, 2009 3:38am
GBPUSD
GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Nov. 12 11.33.gif Size: 47 KB
" Never let the past hold the future to ransom "
1 trader viewing now