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  • #781
  • Jan 25, 2010 9:26am Jan 25, 2010 9:26am
USD CAD long, I entered 2 pips after the red horizontal line. Then the candles hit the stop loss 40 pips which is below the Daily Pivot Line, but the direction went up afterwards. This is really not my day.
What should have I done in this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: gpbjpy2.jpg Size: 193 KB
  • #782
  • Edited Jan 26, 2010 6:18am Jan 25, 2010 10:45am | Edited Jan 26, 2010 6:18am
Quoting ForexHunter
USD CAD long, I entered 2 pips after the red horizontal line. Then the candles hit the stop loss 40 pips which is below the Daily Pivot Line, but the direction went up afterwards. This is really not my day.
What should have I done in this trade?
Hi,
I have a suggestion for your troubles.
Maybe you should try to take only the signals confirmed by the 240m trix.
Also a valid signal should be above/below the "triggerline". (the up signal on the pic attached is a weak buy).
Your probability of success will be higher.
It would be very interesting to have a meter MTF with different grades of colors when the triggerline has been reached.
Cheers
Attached Image
  • #783
  • Jan 25, 2010 3:45pm Jan 25, 2010 3:45pm
lrathi

This is the best documented system I have seen on FF in over 2 years. Compliments to you on your efforts here.

Sandy
  • #784
  • Jan 25, 2010 6:37pm Jan 25, 2010 6:37pm
Quoting nubchai
lrathi

This is the best documented system I have seen on FF in over 2 years. Compliments to you on your efforts here.

Sandy
yeah Lrathi really deserves a standing ovation!!

We were darn lucky to have Gleneagles and Lrathi to help us with this.

Glen....not sure if you are lurking around but feel free to drop by to say hello
  • #785
  • Edited 7:32pm Jan 25, 2010 7:22pm | Edited 7:32pm
Quoting ForexHunter
USD CAD long, I entered 2 pips after the red horizontal line. Then the candles hit the stop loss 40 pips which is below the Daily Pivot Line, but the direction went up afterwards. This is really not my day.
What should have I done in this trade?
In some ways you followed all the rules...sometimes things do just not work out......it is really easy in hindsite to critique a trade.

The USDCAD has had four strong up days......however previous to that the pair has been in a downtrend since mid December (on the daily).....so (although it did have one more burst up) it was time for it to take a breather. (it remains to be seen if the downtrend will continue or if we are in the beginning of a new uptrend on the daily)...if you plot RSI (or stochs) on a 4 hour chart you will see it has been overbought for some time

I really like the MTF trix method for entering....but I like to see the big picture before deciding on a trade.

Also if you plot a daily chart you will see that there is a nice resistance line that price has not managed to break through although it has tried 5 times before

Anyways......I am still learning this stuff also.....and I think that it is good that we all share......maybe Glen will come back if we start posting charts and sharing our trades. I do not trade MTF Trix exclusively.....what I tend to do is my own analysis based on support and resistance and daily and weekly trends....and then use MTF to fine tune my entries

I am just getting back into it now after a break over the holidays
Attached Image (click to enlarge)
Click to Enlarge Name: CAD.JPG Size: 55 KB
  • #786
  • Edited 11:43pm Jan 25, 2010 10:09pm | Edited 11:43pm
Quoting nubchai
lrathi

This is the best documented system I have seen on FF in over 2 years. Compliments to you on your efforts here.

Sandy
Thanks for your compliments.

Still there will be one or two traders who complain it is too complicated, and have passed rude personal comments . Even been banned from a thread for MY GIFT.... this same manual....

Welcome on board and hope you enjoy a profitable trading journey
  • #787
  • Jan 25, 2010 11:42pm Jan 25, 2010 11:42pm
Quoting ForexHunter
USD CAD long, I entered 2 pips after the red horizontal line. Then the candles hit the stop loss 40 pips which is below the Daily Pivot Line, but the direction went up afterwards. This is really not my day.
What should have I done in this trade?
My suggestions comes from forex 101.

SUPPORT and RESISTANCE is PA. Start drawing trendlines from higher TF'd downwards. Respect the higher TF's more. S&R lines are trendlines, horizontal lines. Draw the main ones.

I always have a momentum indicator (TRIX in this case ) on my charts.

Many experienced traders on this thread have mentioned these basic hints repeatly time and again.

It will be fruitful to remove indicators not required and add S&R lines.

Check momemtum which I have discussed this year in my post.


MORE THAN ANYTHING ELSE.......

Spend some learning forex 101 principles.

Happy trading!
  • #788
  • Jan 25, 2010 11:45pm Jan 25, 2010 11:45pm
Quoting pgpb
In some ways you followed all the rules...sometimes things do just not work out......it is really easy in hindsite to critique a trade.

The USDCAD has had four strong up days......however previous to that the pair has been in a downtrend since mid December (on the daily).....so (although it did have one more burst up) it was time for it to take a breather. (it remains to be seen if the downtrend will continue or if we are in the beginning of a new uptrend on the daily)...if you plot RSI (or stochs) on a 4 hour chart you will see it has been overbought...
Thanks for your kind words towards me.

Also, you have mentioned about trendlines on higher TF's many times along with luckylady and myself. I hope new traders will appreciate this one very important simple tool....S&R!
  • #789
  • Jan 26, 2010 1:43am Jan 26, 2010 1:43am
Would be nice to have Glen drop by, He talked about airing a scalping method using trix before christmas, which I for one would definitely be interested in.Of course he could drop me a mail if he wants to give me a sneeky peek at it!.

Regards
doc.
  • #790
  • Jan 27, 2010 6:30pm Jan 27, 2010 6:30pm
Hi, I am new here in this thread(not new in trading). I see great effort done from the thread owner and other guys helping also.
but i have problem in using the system;
i downloaded the smSupertrixV1 succefully,and also smC4ScalperSignalV1
both are working good.
BUT;
1-i did not found the ind called Trix MTF meter roy 05
2- when i downloaded the MTFTrix Meter_1.0d/1.1d OR MTFTrix Meter0.91d/o.92d they showed in my inicator folder as closed yellow file ,not like other indicators. and they are not working.
according to the manual i have to download other two indicators called:
Trix_Signa_Price_Live, and trix signal price live buffer , but i did not find both.
any help appreciated(and you can P.M me if you like)
thanks again for the thread and the participants.
  • #791
  • Feb 2, 2010 3:01pm Feb 2, 2010 3:01pm
Have you guys tried USDBot? It's the newest EA Robot that is being sold for $149. I bought it and it doesn't work. Whatever they say on the website are lies...I regret buying it. I am trying to get my money back, but no response so far. Don't ever buy USDBot...My instict at first was right. Manual trading is still better. I was just curious and attracted to the money back guarantee... The trading strategy is really interesting but doesn't work.
  • #792
  • Feb 5, 2010 10:17pm Feb 5, 2010 10:17pm
Quoting ForexHunter
Have you guys tried USDBot? It's the newest EA Robot that is being sold for $149. I bought it and it doesn't work. Whatever they say on the website are lies...I regret buying it. I am trying to get my money back, but no response so far. Don't ever buy USDBot...My instict at first was right. Manual trading is still better. I was just curious and attracted to the money back guarantee... The trading strategy is really interesting but doesn't work.
Hope you received my PM on how to recover your money.

I found this link on FF which relates to your above post.

http://www.forexfactory.com/showthread.php?t=210023


Further for those interested in EAs there is an independant EA competition which has just finsihed showing which are the profitable EAs. 24 out of 329 qualified to start the LIVe competition.The three top of these 24 EAs will be up for sale. If interested and without obligation send me an PM for the link. FF rules do not permit me to post it here.
  • #793
  • Feb 23, 2010 6:10pm Feb 23, 2010 6:10pm
Just wondering if anyone is still trading this system?
I have great confidence in the system but have struggled for consistent results since the start of the new year.

How is everyone else going?
  • #794
  • Feb 23, 2010 6:16pm Feb 23, 2010 6:16pm
Quoting Staghead
Just wondering if anyone is still trading this system?
I have great confidence in the system but have struggled for consistent results since the start of the new year.

How is everyone else going?
This is a trending strategy and the markets have been slow trending.
H4 is still enough opportunities.
  • #795
  • Mar 8, 2010 3:24pm Mar 8, 2010 3:24pm
Hello,
I have used the MTF custom indicator for the alerts and have deleted it.
I still get the alarms whereas the indicator has been deleted.
Could someone tell me how to stop those alerts popping up.
Many thanks in advance,
  • #796
  • Mar 10, 2010 2:33am Mar 10, 2010 2:33am
Hello,
Is anybody here or this thread completely dead?
  • #797
  • Edited Mar 23, 2010 1:17am Mar 22, 2010 1:57pm | Edited Mar 23, 2010 1:17am
Maybe good to use with trix signals.

Maybe use with any other system.

Maybe use with system provided with entry and SL and Tp levels.

Comes with a manual.

This is free.

PM if interested for the link.
EDIT:
Please open your PM facility to send the link.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trend dashboard.jpg Size: 28 KB
Click to Enlarge Name: trend dashboard with smScalper Trix.jpg Size: 137 KB
  • #798
  • Apr 22, 2010 10:35pm Apr 22, 2010 10:35pm
Quoting studbiol
Hi,

a trade that caused heavy heartbeats ...

Attachment

... but ended lucky.

I tried to attached the above indi but finally it doesn't appeared as shownabove. It's end up with4 staraight line rather than ablock.Please help how toresolve this.
  • #799
  • Apr 23, 2010 3:58am Apr 23, 2010 3:58am
Quoting lrathi
There still seems to be some difficulty with the CAPTURE TOOL download.

Please find attached .

Also in the manual there is a link how to use it etc. Page 19 Additional Information No3.

Still cannot extract the content?Please assist.
  • #800
  • Edited 10:08am Apr 24, 2010 5:46am | Edited 10:08am
Quoting mietallica
I tried to attached the above indi but finally it doesn't appeared as shownabove. It's end up with4 staraight line rather than ablock.Please help how toresolve this.
Hi, I think I know the problem: You need Heiken_Ashi_smoothed.ex4 in your indicator folder. You need not to have it on your chart. It is attached and I hope that this is the solution. If this doesn't solve your problem ... please post a screenshot.

Good luck - and many pips

Attached Image
Attached File(s)
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 375 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   5 KB | 421 downloads
If there are pips you can collect - just do it!
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