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  • #581
  • Edited 5:17pm Nov 24, 2009 4:33pm | Edited 5:17pm
Quoting CodeMonkey
im guessing he made 5 normal trading style posts, to get past moderation, then spam another 10-15 to get his post count up....

hmmm interesting tactic, i wonder if i can do that LOL
Looks like House Keeping was here.

So much better with a clean room / thread.

Thank you H/K.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #582
  • Nov 24, 2009 4:52pm Nov 24, 2009 4:52pm
Quoting Vanhook2
Looks like House Keeping was here.

So much better with a clean room / thread.

Thank you.
Wow, The housekeepers are efficient here.....I wonder if i can hire them to help me at home ....
  • #583
  • Nov 24, 2009 5:27pm Nov 24, 2009 5:27pm
Quoting Iamfx
Here is my attempt at scaling out. It gained me only 6 more pips---or $60 more than if I just went for the 20 pips outright--on this occasion.
Also about roys meter--I'm not sure everyone gets that it prints the blocks one candle after the trix arrow. So the candles high (for long) that you have to beat by 2 pips is the one to the left of the block signal. It says this in the manual. A great way around this is mentioned in Indreks thread recently. He runs Xecrets indy FOR THE 5 MIN ONLY- which prints the signal block exactly per trix arrow----leave...
Hi Everyone:
First off want to say I've read the manual a dozen times, been following this thread from the C4 days and still have a question. I've been IM'd from others who also have the same question so here goes. In the enclosed chart A is the signal candle and B is the candle PA has to be 2 pips below in order to trade. What to do when A is already more than 2 pips below when it closes. Feel free to send me to page in manual, or dunce cap in the corner, but for the life of me I'm stumped. Thanks for your help and patience
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  • #584
  • Edited 7:15pm Nov 24, 2009 7:08pm | Edited 7:15pm
Quoting bigjim1958
Hi Everyone:
First off want to say I've read the manual a dozen times, been following this thread from the C4 days and still have a question. I've been IM'd from others who also have the same question so here goes. In the enclosed chart A is the signal candle and B is the candle PA has to be 2 pips below in order to trade. What to do when A is already more than 2 pips below when it closes. Feel free to send me to page in manual, or dunce cap in the corner, but for the life of me I'm stumped. Thanks for your help and patience
Hello bigjim,

My understanding is that you enter once the 2 pip criteria is met, no need to wait for the signal candle to close, as with Roy's blocks the colour change has already been confirmed.

The chart you posted is a tad confusing however as it is an H1 chart so the M5 and M15 blocks, if that is what they are, are not showing correct values. Entry must be from an M5 chart.

Hope that helps.

PS Page 22 of the manual refers.
TTFN Merlyn
  • #585
  • Edited 7:40pm Nov 24, 2009 7:33pm | Edited 7:40pm
Quoting lrathi
Weisong00:
I will ask you a few questions as I like you and others to think about things first and see if you can come up with the answer first.

Q1. What does ADR stand for? The meaning of it? (A=???? D=???? R=????)
Q2. What does 5d,10d,20d represent?
Q3. How do you think the ADR=155 was calculated?

After you answer I think you will see the answer yourself. If not I will ask more questions.

Thanks
Q1.it is average daily range.
Q2.5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
Q3.147+144+138+192=621
621/4=155
  • #586
  • Nov 24, 2009 8:07pm Nov 24, 2009 8:07pm
Hi Merlyn:
Thanks for the reply. Tell me if I'm right. The first second of a new 5M candle, if the 3 blocks are aligned that is a confirmed signal, no need to wait for the candle to close? and the 5 m signal will not change color?

Have you ever had a situation where the signal candle is more then 2 pips higher on open and what did you do then. Thanks, from the PM's I'm getting I'm not the only confused one when it comes to Roy indicator, this will help a lot of people.

Jim
  • #587
  • Nov 24, 2009 8:30pm Nov 24, 2009 8:30pm
Quoting bigjim1958
Hi Merlyn:
Thanks for the reply. Tell me if I'm right. The first second of a new 5M candle, if the 3 blocks are aligned that is a confirmed signal, no need to wait for the candle to close? and the 5 m signal will not change color?
Hello bigjim,

Correct, the way that Roy's blocks are coded once the 2 (30-5 entry) or 3 (60-15-5 or 240-15-5 entry) blocks are lined up you are good to go once the 2 pip criteria has been met and no, the M5 block will not change colour.

Quoting bigjim1958
Have you ever had a situation where the signal candle is more then 2 pips higher on open and what did you do then. Thanks, from the PM's I'm getting I'm not the only confused one when it comes to Roy indicator, this will help a lot of people.
Occasionally the signal candle will either open above or quickly pass the 2 pips needed to enter a trade, that is in fact showing that there is good price action/momentum so I would enter there and then provided that all the other rules had been met, proximity of S/R lines, pivot lines, % of daily range, time of trading day etc
TTFN Merlyn
  • #588
  • Nov 24, 2009 8:34pm Nov 24, 2009 8:34pm
Quoting bigjim1958
Hi Everyone:
First off want to say I've read the manual a dozen times, been following this thread from the C4 days and still have a question. I've been IM'd from others who also have the same question so here goes. In the enclosed chart A is the signal candle and B is the candle PA has to be 2 pips below in order to trade. What to do when A is already more than 2 pips below when it closes. Feel free to send me to page in manual, or dunce cap in the corner, but for the life of me I'm stumped. Thanks for your help and patience
I am glad you asked this question. I have been asked this question too by PM.

As the author of the manual I have to explain that the two and three block method in the manual page 20-23 were posts written by Gleneagles in the MTF TRIX thread. I just copied and pasted these posts into the manual.

The clarification is best answered by Gleneagles himself. If many traders have the same question perhaps it requires clarification on the open forum and some editing in the next version of the manual for a clearer understanding.
  • #589
  • Nov 24, 2009 8:35pm Nov 24, 2009 8:35pm
EUR JPY 30-5
small profit
12+7=19 pips
just a minutes work !!!!!
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  • #590
  • Nov 24, 2009 8:51pm Nov 24, 2009 8:51pm
Quoting Merlyn
Hello bigjim,

Correct, the way that Roy's blocks are coded once the 2 (30-5 entry) or 3 (60-15-5 or 240-15-5 entry) blocks are lined up you are good to go once the 2 pip criteria has been met and no, the M5 block will not change colour.



Occasionally the signal candle will either open above or quickly pass the 2 pips needed to enter a trade, that is in fact showing that there is good price action/momentum so I would enter there and then provided that all the other rules had been met, proximity of S/R lines, pivot lines, % of daily...
Thank you, Thank you, Thank you, I was feeling like the dummy of FF, but now that you have explained it, it all makes sense. First 60m signal, then 15 , AND THEN AS SOON AS THE 5 MATCHES, LOOK TO THE LEFT, AND ONCE SIGNAL CANDLE PASSES CANDLE ON LEFT BY 2, YOU'RE IN. Again, all the other criteria must match. I hope I am correct in this assumption, thanks for helping lots of folks, FF is the best.

Jim
  • #591
  • Nov 24, 2009 8:54pm Nov 24, 2009 8:54pm
Quoting bigjim1958
Thank you, Thank you, Thank you, I was feeling like the dummy of FF, but now that you have explained it, it all makes sense. First 60m signal, then 15 , AND THEN AS SOON AS THE 5 MATCHES, LOOK TO THE LEFT, AND ONCE SIGNAL CANDLE PASSES CANDLE ON LEFT BY 2, YOU'RE IN. Again, all the other criteria must match. I hope I am correct in this assumption, thanks for helping lots of folks, FF is the best.

Jim
TTFN Merlyn
  • #592
  • Nov 24, 2009 9:02pm Nov 24, 2009 9:02pm
Quoting weisiong00
Q1.it is average daily range.
Q2.5d = 5-Day ADR
10d = 10-Day ADR
20d = 20-Day ADR
Q3.147+144+138+192=621
621/4=155
Correctly answered so far.

Why has 5days,10 days , and 20 days been chosen and not 6 days,11,days,and 21 days? What does 5days represent? 10 days represent? 20 days represent?

You have used A=average , I think by your Q3 answer...... you have answered your question.

So in your original question:

normally, we do not trade when the daily range is exhausted .we can know it by referring to the xADRv0.2 (green means still have room to move) but i want to confirm that is daily range is exhausted when today range is not more than 80% of WHAT??


is't the today range 80% of ADR ,5d , 10d , 20d.Which one?can anybody explain to me more detail because i want to know how it actually work .
it is an example:
T=103
Y=147
ADR=155 (Q3 shows you only needed to think for yourself a little more)
5d=144
10d=138
20d=192
so, what i understand is 80% of ADR >>> 155*80% is 124 so we cannot trade when today range already move around 124pips??Am i right?

You have answered your own question.

I do not want to sound rude but read back to yourself your own question and see you have answered your own questions.

There is an assumption here that we are intelligent adults who can read and write and who can work out basic stuff and refer to references/resources as much as possible.
  • #593
  • Nov 24, 2009 9:10pm Nov 24, 2009 9:10pm
I would like to say......remember this feeling if / when some are guilty of posting undesireable posts on threads themselves.

There are some here who do it/have done it on other threads.

PRACTICE WHAT YOU PREACH !
Thanks
  • #594
  • Nov 24, 2009 9:17pm Nov 24, 2009 9:17pm
Quoting bigjim1958
Thank you, Thank you, Thank you, I was feeling like the dummy of FF, but now that you have explained it, it all makes sense. First 60m signal, then 15 , AND THEN AS SOON AS THE 5 MATCHES, LOOK TO THE LEFT, AND ONCE SIGNAL CANDLE PASSES CANDLE ON LEFT BY 2, YOU'RE IN. Again, all the other criteria must match. I hope I am correct in this assumption, thanks for helping lots of folks, FF is the best.

Jim
Thanks to Merlyn and bigjim1958 for this clear explanation.

If I may Gleneagles I can add this to the next version of the manual under the 3 block version entry
  • #595
  • Nov 24, 2009 9:29pm Nov 24, 2009 9:29pm
Hi folks:
Now that I've removed the dunce cap I have another question. If we are waiting for the first new 60 min candle to change, isn't it easier just to watch the charts a few minutes before the hour and then see if it changes, as opposed to staring at the charts all hour long? Thoughts please, thanks.

Jim
  • #596
  • Nov 24, 2009 10:02pm Nov 24, 2009 10:02pm
Quoting bigjim1958
Hi folks:
If we are waiting for the first new 60 min candle to change, isn't it easier just to watch the charts a few minutes before the hour and then see if it changes, as opposed to staring at the charts all hour long?

If you do that you are likely to miss any continuation trades which may be signalled by the interaction between M5/M15/M60, and M5/M30. During a pull-back M5,M15 or M30 may change colour away from the M60 colour/trend but then return signalling either a new entry or an addition to an existing position.
TTFN Merlyn
  • #597
  • Nov 24, 2009 10:05pm Nov 24, 2009 10:05pm
Quoting bigjim1958
Hi folks:
Now that I've removed the dunce cap I have another question. If we are waiting for the first new 60 min candle to change, isn't it easier just to watch the charts a few minutes before the hour and then see if it changes, as opposed to staring at the charts all hour long? Thoughts please, thanks.

Jim
Two thoughts that come to mind:

1.There is an alert indicator to alert traders which is found under the mandatory zip file and under mandatoty indicator in manaul page 6 called MTF signal Custom. Set it whichever way you want.... M60 only or m60-15-5 line up.

2. Using the roy05 version of MTF TRIX is programmed to show first trend change on close of candle.... so your idea will not work (A few minute before close of M60 candle)

However, the Xecret's Mtf trix meter versions allows this with the empty squares.....

Possibility have the roy05 set up for 60-15-5 and one row of M60 of xecret version of MTF TRIX meter. YOur idea will work.

Having mentioned my two thoughts:

AN hour or so before the session you want to trade is all you need to gauge the market and this is all the pre-preparation time required to see the trend for the session.

Hope this helps
  • #598
  • Nov 24, 2009 10:20pm Nov 24, 2009 10:20pm
Hi everyone,

I noticed the 'interesting' posts at 4:30 this morning, as I was getting ready for work. Whilst I did not have the time to make a comment on the thread then, I did PM the person involved and asked for an explanation.

Seems we were all victims of a drive-by ranting... Apparently this person noticed someone READING the thread who he had had some dealings with previously. The vomiting that ensused was not aimed at any contributors of the thread, nor its philosophy or process.

He did make the point that the trix repaint. He suggested taking a screen shot and having a look the next day. Personally, I like to trade the Trix signals when they are nice and fresh, and not the next day. Since they are based on closed bars, I am not sure what he was on about...

In the end, the individual apologised for the intrusion on the thread, and offered that he would not do so again.

Just wanted to keep everyone in the loop as to what went on.

PPP
How do you make a small fortune in Forex? Start with a large one!
  • #599
  • Nov 24, 2009 10:41pm Nov 24, 2009 10:41pm
Hi:
Might be putting dunce cap back on. You don't have to trade the first 1 hr candle that changes, just if 60/15/5 are all the same, even if the 60 minute candle changed many hours ago and still is the same color? Might be dumb, but the manual makes it sound, at least to me, that is has to be the first 60, then followed by 15, then 5. Thanks guys.

Jim
  • #600
  • Nov 24, 2009 11:47pm Nov 24, 2009 11:47pm
Quoting bigjim1958
Hi:
Might be putting dunce cap back on. You don't have to trade the first 1 hr candle that changes, just if 60/15/5 are all the same, even if the 60 minute candle changed many hours ago and still is the same color? Might be dumb, but the manual makes it sound, at least to me, that is has to be the first 60, then followed by 15, then 5. Thanks guys.

Jim
Jim, having a look at how long ago the H1 changed is not a bad idea. Sometimes getting in right at that moment of change (on a confirmed/closed candle) works, and sometimes there will be an immediate retracement.

The juicest entries are early in the change of the trend candle, or longest timeframe candle for the setup that you are using. This is obviously because it has just started to trend in a new direction. Certainly, taking these ones, you can be more assured that you are the beginning of something, rather than the middle or end.

However, given that these hourly trends can span entire days sometimes, and go over 200 pips along the way (and can move 50 pips in a candle/hour), there is still potential in trading these hourly trends on 60/15/5 when they have been around for a while. Looking at the PA can tell you if it has found a new high/low and is reversing, in which case, you may struggle to find the shorter term Trix to support continuing with what is a burnt out trend.

The shorter trix values ensure that you are joining something that is continuing. Without trying to insult your intelligence, the M60 trix obviously became (say) long, because the lower timeframes were predominently long for at least 60 mins.

So, the beginning of the M60 trix trend has the greatest potential, since it is still in its 'infancy', but having said that, if you have confirmation on the lower TF trix, it may still be quite viable.

Have a look at a few charts and see what I mean.

The other thing is that the change of the H1 may not necessarily happen during our trade times, and you may be hard pressed to find occassions when this change lines up with the volatility needed to push the PA to the TP's.

Remember that this volatility is vital, and if you have a 'old' H1 trend that is still powering along, then I see no reason to dismiss it out of hand, just because it is not brand new.

PPP
How do you make a small fortune in Forex? Start with a large one!
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