Eaglets Flight Training School

Gleneagles,

I'll try using the Trix meter alone next week. I have questions regarding the time zones. Can u give suggestions for 3 time zones?

I am using 23:00 - 3:00 Gmt for asian/aus markets, 7:00-11:00 for europe, 13:00-17:00 Gmt for us markets.

EURUSD
EURJPY

This may help you .Page 13 in manual.

Which currencies to trade?

Trading Session
Most Active (in order)
Tokyo
GBPJPY,GBPCHF,EURJPY,USDJPY,AUDUSD,NZDUSD
London
GBPCHF,GBPJPY,GBPUSD,USDCHF,USDCAD,EURUSD
New York
EURUSD,USDJPY,GBPUSD,EURJPY,EURGBP,USDCHF

Table 2. Most Active currencies vs Trading Sessions

Recommended currencies to trade.

In order of preference: GBPUSD, GBPJPY, EURJPY and/or EURUSD

Q1. Can I trade other currencies? Yes
Q2. What other securities can I trade? Try it on anything, indicies, silver, gold, oil to name a few.

I have not traded Asian session for quite a while because I am normally fast asleep during that time.
I suggest that you build a window , 1-2 hours before Asian session open and use that range as a reference to see whether there is a benefit picking up the trend direction when the trading activities pick up.

You have to experiment to see whether you can establish a pattern that will give you an edge.

I am now finally taking a break from the thread and the forum to focus on my trading.

I cannot really contribute anything else of value except repeat over and over and over the same things. It does get quite boring after a while and I know you can all read and write and that you are intelligent people.

You have the tools, you have the manual, in fact at risk of repeating once again something that was said before......you know what is missing and you know where to look for it?

Good luck with MTF Trix trading or anything else you wish to trade, if you feel that MTF Trix is not your cup of tea, drop it immediately and find something else that you are more comfortable with.

It is your money and risk and ultimately you are responsible for the choices you make.

Please post your Q`s on the thread, there is a collective pool of experience and knowledge available from traders experienced with the concept.

All the best in the future.
Feel free to stop by anytime.
Thanks for the help.

... hasn't always seemed so ...

Good exit, G.... and thanks.

Hello,
I have a question regarding this trade.
When the 3 blocks appear, if we stick by the book, the range was already 85% of the ADR.
What were the reasons why you took this trade then?

Thanks

PS: what are your settings of toptrend?

http://www.forexfactory.com/showpost...&postcount=387

I have been bitten by the minimalist bug...

Although my current chart is still the same as the one posted the other day, I have adjusted my trade times. Living in Aussie Land, and with adjusted trade times, I can see that I can really only trade the UK open, and still get a reasonable level of sleep.

Having had a 'fresh' look at the charts, I can see that there are ample opportunities available during just the first session to make a real go out of Glen's setups.

I now have only trix indi's on my chart. I know that they all say the same thing, but they are pretty, and I have become accostomed to them. Some of them will fall off over time, but I will not be adding extra 'non system' indi's to my chart.

The plan, moving forward is to issue a challenge to the readers of this thread: Let us give ourselves a fortnight in which to trade this sucker EXACTLY as it was intended. If you are working on other systems, thats fine, I am not telling you to rack off, but what I would ask is that for the next two weeks, we live, breath and post Trix MTF.

I believe Glen when he says that he has nothing he can add to the system at all. With the addition of knowing to watch the 'pre-London' session (0500GMT - 0700GMT) and look for how the trends develop after this time, I can see that we have a great filter to determine if a new signal on the trix is a breakout from this time or not.

Over the weekend, I will be formalising my trading plan. It will be centred on the 60/15/5 method, and I hope to be able to put some effort into making it a professional document... Something that you could give to a clerk to work from.

Since the formulation of a trading plan cum checklist is also recommended by the Author of this system, I feel that in order to trade correctly, I will need one as well.

It will include the setups, right down to individual TP's and SL's... Essentially, rewriting lrathi's manual, but for my own use, rather than as a reference work. My plan will cover all that I need to know about how to trade the setup, not limited to Entries and Exits. It will include much the same stuff as the work of Stuart McPhee. It will be exhaustive, but worth the effort.

I don't mind if folks want to play around with MACD's and fractals and wrestle with Alligators... So, I will throw a challenge out to those who would rather be 'improving' on this XX%+ system... Give yourself the next fortnight to do so, and post your results on the thread. See if you can improve on this system. I am sure that if you can, even Glen will be here, asking how you did it.

All the best for today's trading.

PPP

Each one to concentrate on writing their own trading plan OR improving on their written trading plan is TIME well spent on their trading journey to becoming a serious & active trader. THIS IS THE NEW REVOLUTIONARY ADDITION. (No doubt appreciated as such by the serious & active trader)

Gleneagles MTF TRIX is only one third of the trading plan (METHOD). There is still money management and mindset which is personal and no one but ourselves can decide on these components of OUR own TRADING PLAN.

http://www.trading-plan.com/images/pie_chart.gif

Using now three templates of a trading plan( see below)..... there is no shortage of ideas what to include in each ones trading plan. The more comprehensive not complicated to the last detail will serve you well.

1.
http://www.forexfactory.com/showpost...&postcount=305

2. LOUISE BEDFORD ....trading game..... goggle her name.

3. Stuart McPHEE ...... goggle his name.

Gleneagles MTF TRIX method is optimised & has been for a while now but what is left to optimise is
A) our OWN trading plan
B) following our OWN Trading plan... MINDSET and discipline among the hardest.
C) Minimising our suite of "security blanket" indicators, preferably to none.

Thanks PPP for your positivity and encouragement to us all in moving forward.

I cannot answer your first question as I did not trade this at the time.

The second question is already answered. The only difference is I would have added is "PLEASE read this" to continue the warm, friendly and positive atmosphere intended of this thread.

Anybody care to post a chart of the same pair so we can see what brokers are doing to our signals?

Oh, I am so jealous of your wide screen!

PPP

BabyPips.com has just added yesterday....

http://app.newsberry.com/images/1783/logo.gif
PublishedNovember12,2009
http://www.forexfactory.com/none.gif
Share the way you trade on MeetPips.com!
http://www.forexfactory.com/none.gifMeetPips.com is a trade journaling community for forex traders who wish to become more disciplined and consistently profitable.

We make it easy for you to create a trading plan and maintain a trading journal so you can monitor your own performance and discipline. Think of it as your personal trade journal on steroids!

Share the way you trade with the world, just a few, or keep it private like a trading diary. You're able to set the privacy level so you decide who sees it.

Keeping a trade journal will help you stay disciplined as a trader by letting you know how well you're following your trading plan. Monitor both the performance of your trading system and your ability to execute it with consistency.

MeetPips.com automaticaly calculates your vital trading statistics as well as your discipline - all displayed on pretty fancy schmancy, but easy-to-understand graphs.

Create and share your trade journal, monitor your trade performance, meet and learn from other traders – all for free!

http://app.newsberry.com/images/1783/meetpips-big.gif

I definately would love to get a copy. Any chance???? PM???

Thanks

Forex37

Thanks PPP
The difference is disturbing with ofcourse the 5 min trix showing the most change---and its the one for our trigger!! Maybe we all need to run 3 platforms so we can check broker correlation before trading!

Its a work in progress at the moment. As soon as it is done, I will post it in the thread and on the front page.

PPP

If people have a spare five mins, can we have some other examples of that chart at that time? It might be an interesting exercise...

I guess though, as long as the trix is working fine for any one particular persons chart, it should still be profitable. But there is quite a bit of difference.

PPP