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  • #501
  • Nov 20, 2009 12:53am Nov 20, 2009 12:53am
Quoting lrathi
You are right.

My trading plan is different from Gleneagles,( which is expected ) BUT I use the essence of the MTF TRIX system provided by Gleneagles.

Remember the PIE chart of trading plan.... only one third is METHOD.

Do you recall reading Glenagles postings saying he uses several different strategies.
Do you recall reading he trades different pairs depending on the different TF's he trades.....

Ok .... from here....

Have you written...
My demo statement is non existent because I have changed computers/brokers/brokers /demo's/demo's/demo's and reloaded platforms from same broker heaps of times to cure problems that have many causes. I would love to see my statement as well. I would say that 95% of my trades have been posted on this thread and the old thread. I would say that my hit rate is 7-8 from 10 and because I use 20 TP and 30 SL this makes me borderline profitable. This is still very early days with this system but the one thing that I can say is that there must be something good about it because I've stuck with it about 20 times longer than any other of the myriad sytems I've tried.
We are all One. Be present. Be the Observer
  • #502
  • Nov 20, 2009 1:20am Nov 20, 2009 1:20am
Quoting paidperpip
Ok, so, I have finally got my trade diary finalised....
Hi PPP,

Have not been posting or trading much recently.....

Have been working on my trading plan/checklist, which I will now convert to be Excel based...GREAT IDEA of yours...will also incorporate my trading diary (rather than a paper version) with hyperlinks!!! What more could anyone want!!

Belated birthday greetings to you.

Freddi
  • #503
  • Nov 20, 2009 1:31am Nov 20, 2009 1:31am
Quoting freddi
Hi PPP,

Have not been posting or trading much recently.....

Have been working on my trading plan/checklist, which I will now convert to be Excel based...GREAT IDEA of yours...will also incorporate my trading diary (rather than a paper version) with hyperlinks!!! What more could anyone want!!

Belated birthday greetings to you.

Freddi
G'day Freddi,

Thanks for the birthday greetings...

Yeah, its a nice and tidy little document... Lets me see a day's worth of trades, and a weekly/monthly summary.

I have used the Babypips site for my trading plan... Its nice and simple, but the checklist is still on my charts.

Just waiting to see what the pairs are going to do tonight...

Looks like a short late in Asia, but a bit of an attempt at a retracement. Now they are headed south again. Just waiting for some Trix to close to make up my mind.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #504
  • Nov 20, 2009 1:41am Nov 20, 2009 1:41am
hello everyone,

i just wanted to express my thxs to gleneagle, lrathi, paidperpip and the others for introducing me to this great method. Now-a-days unfortunately the latest craze is "indicators dont work coz its all about PA" and i got so caught up in that I missed out on a lot of great threads. Glad I found this one and kudos to lrathi for a very comprehensive and well written manual.
  • #505
  • Nov 20, 2009 1:56am Nov 20, 2009 1:56am
Quoting fugly
hello everyone,

i just wanted to express my thxs to gleneagle, lrathi, paidperpip and the others for introducing me to this great method. Now-a-days unfortunately the latest craze is "indicators dont work coz its all about PA" and i got so caught up in that I missed out on a lot of great threads. Glad I found this one and kudos to lrathi for a very comprehensive and well written manual.
G'day Fugster,

Mate, I know that tune... Sort of wasted the last 12 months going around in circles... I still go in circles, but nowadays its circling my prey before I dive. lol.

I have come home to roost now... Tis a good feeling. Something that will last a lifetime.

Its all here.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #506
  • Nov 20, 2009 2:05am Nov 20, 2009 2:05am
i put the hard stop level to 40 pips but in the bottom there it show 172.40 actually is 132.80 What wrongs??other setting is correct.
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  • #507
  • Nov 20, 2009 2:22am Nov 20, 2009 2:22am
Fugly, I liked your thread on trading hardware.

I might take a photo of mine at some stage and post it... Not that its all that exciting.

I am stuck in the garage, which is the family's junk room...

Lol

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #508
  • Nov 20, 2009 2:25am Nov 20, 2009 2:25am
Quoting weisiong00
i put the hard stop level to 40 pips but in the bottom there it show 172.40 actually is 132.80 What wrongs??other setting is correct.
Sorry, I have no idea. Does it happen very often? Could have just been a glitch... Or slippage? I had a TS close out at 32.5 pips last week, when it should have been 35.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #509
  • Nov 20, 2009 2:29am Nov 20, 2009 2:29am
Quoting weisiong00
i put the hard stop level to 40 pips but in the bottom there it show 172.40 actually is 132.80 What wrongs??other setting is correct.
I would change your broker if you are likely to get a 4000 pip slippage
  • #510
  • Nov 20, 2009 2:32am Nov 20, 2009 2:32am
Quoting luckylady
I would change your broker if you are likely to get a 4000 pip slippage
Ooops!

Good point!

lol.

Whats your internet connection like?
How do you make a small fortune in Forex? Start with a large one!
  • #511
  • Nov 20, 2009 3:03am Nov 20, 2009 3:03am
Quoting paidperpip

Whats your internet connection like?
Were you asking me that question?
  • #512
  • Nov 20, 2009 3:07am Nov 20, 2009 3:07am
Quoting luckylady
Were you asking me that question?
Lol, sorry, no... Wiesiong
How do you make a small fortune in Forex? Start with a large one!
  • #513
  • Nov 20, 2009 3:11am Nov 20, 2009 3:11am
Quoting paidperpip
Lol, sorry, no... Wiesiong
I thought so, just didn't want to seem rude if you were asking me
  • #514
  • Nov 20, 2009 3:26am Nov 20, 2009 3:26am
Quoting fugly
hello everyone,

i just wanted to express my thxs to gleneagle, lrathi, paidperpip and the others for introducing me to this great method. Now-a-days unfortunately the latest craze is "indicators dont work coz its all about PA" and i got so caught up in that I missed out on a lot of great threads. Glad I found this one and kudos to lrathi for a very comprehensive and well written manual.
Wow! saw the trading rooms collection of traders. Mine is very low key.

You are welcome and thanks for the comment regards the manual.

Where abouts in India do you live?
  • #515
  • Nov 20, 2009 4:11am Nov 20, 2009 4:11am
Quoting Iamfx
My demo statement is non existent because I have changed computers/brokers/brokers /demo's/demo's/demo's and reloaded platforms from same broker heaps of times to cure problems that have many causes. I would love to see my statement as well. I would say that 95% of my trades have been posted on this thread and the old thread. I would say that my hit rate is 7-8 from 10 and because I use 20 TP and 30 SL this makes me borderline profitable. This is still very early days with this system but the one thing that I can say is that there must be something...
You seem to be doing well with 7-8 hit rate out of 10. I have enjoyed looking at your charts which have been mainly 60-15-5 TF.

Yes it is early days and yes this is a great profitable system.

Keep up the good trading!

It is also early days for me...... I am still tweaking and finely tuning my method. I prefer not to disclose too much detail as I cannot proof it up at this stage.

When I am ready, I may disclose more details to those serious and active trader's group which may still be in the pipeline. Dont you think this is a fair deal?
  • #516
  • Nov 20, 2009 4:30am Nov 20, 2009 4:30am
Quoting paidperpip
Hi PGBP,


................... today is my birthday.

PPP

HAPPY BIRTHDAY.

After blowing out the candles and eating the cake, study the candles well. It is going to be a long long journey looking at and learning to interpret candles!
  • #517
  • Nov 20, 2009 4:43am Nov 20, 2009 4:43am
Quoting Trader7
HAPPY BIRTHDAY.

After blowing out the candles and eating the cake, study the candles well. It is going to be a long long journey looking at and learning to interpret candles!
Thanks T7! Great to see you again...

Ever gotten into the wrong que at the supermarket? It looks good when you first get into line, but then, it just drags on and on and on...

I am short on GU, EU and EJ right now... TP's 1, 2 and 3 hit on GU, same with EU, but EJ is really dragging its feet. GJ and AJ would have been better options... but hey, they are still going down, so I am not complaining.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #518
  • Nov 20, 2009 5:42am Nov 20, 2009 5:42am
Quoting paidperpip

I am short on GU, EU and EJ right now... TP's 1, 2 and 3 hit on GU, same with EU, but EJ is really dragging its feet. GJ and AJ would have been better options... but hey, they are still going down, so I am not complaining.

PPP
If it is of any help:

London session look to trade gbpusd and crosses first priority.

Also look not necessarily trade EURGBP.. If very postive what is it saying.... GBP and EUR canot both be going in the same direction. (This is getting clues from other pairs).

EURUSD is most heavily trade in NY session 40% of all currencies traded is what some reports say.

When I wrote in the manual (page 13) WHICH CURRENCIES TO TRADE? I did do some research. Worth having another look.
  • #519
  • Nov 20, 2009 10:21am Nov 20, 2009 10:21am
PPP,

Belated but Happy Birthday!

Many more..birthdays as well as pips.
" Never let the past hold the future to ransom "
  • #520
  • Nov 20, 2009 1:44pm Nov 20, 2009 1:44pm
Quoting lrathi
You seem to be doing well with 7-8 hit rate out of 10. I have enjoyed looking at your charts which have been mainly 60-15-5 TF.

Yes it is early days and yes this is a great profitable system.

Keep up the good trading!

It is also early days for me...... I am still tweaking and finely tuning my method. I prefer not to disclose too much detail as I cannot proof it up at this stage.

When I am ready, I may disclose more details to those serious and active trader's group which may still be in the pipeline. Dont you think this is a fair...
Absolutely
We are all One. Be present. Be the Observer
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