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Adding the histogram has turned the trix into a 'MACD' style indicator.

The difference between a MACD and Trix (with histo) is that the trix version uses 'triple smoothed exponential' moving averages whereas a standard MACD uses Exponential moving averages.

If you learn about MACD you will get understanding of the Trix+Histo.

Put simply, the histogram height is the difference between fast trix and slow trix. So the histogram increases (positively or negatively) when the fast trix and slow trix have an increasing angle.

your tools are very cool.. thanks!

I am currently trading the basic systems that I am teaching .. we are starting with moving averages and will build upon this. During this last session I used two moving averages ... result was 78 pips.

Here's some of the discussion from the room. Note that I am only showing my comments out of respect for the people in the room.

NOTE: These times are NZ ... just change p.m. to a.m. and it is GMT+1 (London Time)

[31/03/2010 7:36:26 p.m.]: and I will only take longs on GU for now
[31/03/2010 7:36:49 p.m.]: a trick would have been to buy on that dip on GU
[31/03/2010 7:37:42 p.m.]: personally .. I am trading how a new person should trade
[31/03/2010 7:37:56 p.m.]: ie less complication ... trade with the trend
[31/03/2010 7:40:06 p.m.]: so ...
[31/03/2010 7:40:13 p.m.]: EU ... looking for shorts
[31/03/2010 7:40:20 p.m.]: EJ ... looking for longs
[31/03/2010 7:41:05 p.m.]: GU ... flat (was bullish) ... standing aside until direction established
[31/03/2010 7:43:04 p.m.]: now in EJ for a few pips
[31/03/2010 7:43:12 p.m.]: ready to pull it if it reverses

[31/03/2010 7:51:14 p.m.]: I'm out at -2

[31/03/2010 8:43:02 p.m.]: I got back into EJ

[31/03/2010 9:37:28 p.m.]: so my idea of going with the trend is payig off
[31/03/2010 9:37:48 p.m.]: had visitors over so couldn't chat with you guys for a little while
[31/03/2010 9:39:02 p.m.]: get in on the pull-backs

[31/03/2010 9:44:13 p.m.]: here's my two trades I just closed out http://screencast.com/t/NWVlNjdiNz
[31/03/2010 9:45:13 p.m.]: +78 pips total
[31/03/2010 9:45:31 p.m.]: that was totally going off the MA strategy I explained on the thread
[31/03/2010 9:45:43 p.m.]: I'll go over those trades on video tomorrow

[31/03/2010 9:46:33 p.m.]: If someone can tell me how oanda work out there profit % calc ... I would be much appreaciative
[31/03/2010 9:47:31 p.m.]: the actual percentage was an almost 4% increase of account equity.
[31/03/2010 9:47:41 p.m.]: I trade 1% per 20 pips

[31/03/2010 9:50:04 p.m.]: for those that watched my video on the MA strategy I posted at forex factory approx 12 hrs ago ... I'll show a couple of pics

[31/03/2010 9:55:11 p.m.]: here's why the GU 55 pips worked for me ...
[31/03/2010 9:55:12 p.m.]: http://screencast.com/t/MmM5OWJj

[31/03/2010 9:58:51 p.m.]: here's why the EJ trade worked
[31/03/2010 9:58:52 p.m.]: http://screencast.com/t/MDljMWE2Y

[31/03/2010 10:01:14 p.m.]: I usually pull my trades at -10 pips or less
[31/03/2010 10:01:42 p.m.]: my 20 pip stop is just in case my platform becomes unresponsive or I have power cut etc

[31/03/2010 10:03:43 p.m.]: there goes EJ again with the trend
[31/03/2010 10:03:59 p.m.]: I'm not in ... don't want to be greedy .. or I start to lose
[31/03/2010 10:04:50 p.m.]: but do you see that it works exactly like I showed in the video?
[31/03/2010 10:05:37 p.m.]: I made sure not to look at any other indicators like thv etc ... just price action and the MA's .. obviously the dashboard for news and ADR
[31/03/2010 10:05:46 p.m.]: and distances to ma's
[31/03/2010 10:05:51 p.m.]: yes
[31/03/2010 10:06:23 p.m.]: see ... I wouldn't get in now on EJ ... it must be on a pull back ... that is the key
[31/03/2010 10:06:36 p.m.]: the bus has left the station and you have to wait for the next one

[31/03/2010 10:07:15 p.m.]: just be patient ... you might have to wait hours for the right setup

[31/03/2010 10:07:55 p.m.]: now we have done close to the daily range on EJ ... this is a warning to us
[31/03/2010 10:08:30 p.m.]: I have 129 pips on the dash for today .. yesterday was 129 and the last 5 trading days average was 126
[31/03/2010 10:09:21 p.m.]: so ... if I was still trading ... I would not be entering long again until a serious pull-back as breaking th current high is a very low probability
[31/03/2010 10:10:03 p.m.]: Even if price continues upward and I hadn't made my pips for the day ... I would stand aside ... I am only interested in the highest probability trades
[31/03/2010 10:10:46 p.m.]: Now ... with GU
[31/03/2010 10:10:58 p.m.]: a conservative person would not enter now
[31/03/2010 10:12:00 p.m.]: ie long ... as we have done 135 pips daily range and the yesterday and last 5 days have been an average of around 155
[31/03/2010 10:12:18 p.m.]: so only 20 pips left for those already in trades
[31/03/2010 10:12:48 p.m.]: but it could go further ... price has a mind of it's own .. but I'm am talking about how a conservative trader would trade
[31/03/2010 10:14:26 p.m.]: plus if you look at the dash .. we have been up to 125 pips from our previous low fractal
[31/03/2010 10:14:36 p.m.]: currently around 90 pips
[31/03/2010 10:15:21 p.m.]: look at price action .. and fractals ... how often does this occur? what is the probability that price will continue without a pull-back ... very low probability
[31/03/2010 10:16:36 p.m.]: How far above our moving averages are we? 64 and 92 pips ... look back at historical price .. how often does it go further than this ... again very low probability
[31/03/2010 10:17:12 p.m.]: last thing to say ... it could still go further ... yes .. but the 'probability' is too low ... for me ... it is wait for the next bus
[31/03/2010 10:19:26 p.m.]: this is where the likes of stochastics and trix oscillators come in ... they let you know that price is overbought right now

[31/03/2010 10:20:29 p.m.]: an agressive person may start shorting as soon as they see price action turning but this is not for us that are learning ... this is a risky counter-trend trade
[31/03/2010 10:30:52 p.m.]: bed for me now
[31/03/2010 10:31:17 p.m.]: catch you guys tomorrow .. I'm back on around the last hour of NY

[9:36:49 a.m.]: Guys, it's really important to keep reading the pipware.com thread at forex factory as I do a lot of important posts
[9:36:51 a.m.]: eg
[9:37:08 a.m.]: some of you may have missed the point that I am teaching strategies for now
[9:37:21 a.m.]: that I have done some summary videos
[9:37:29 a.m.]: introduction
[9:37:36 a.m.]: moving average component
[9:37:43 a.m.]: price action component
[9:37:50 a.m.]: oscillator component
[9:37:52 a.m.]: etc
[9:38:38 a.m.]: I did an important post at the beginning of Asia (this session) describing the basics of using moving averages
[9:39:00 a.m.]: then I traded the london open using only what I taught in that video
[9:39:05 a.m.]: I made +78 pips

Here's the trades video from yesterday ... note using the simple MA strategy I have been showing

Hi,

Is it also possible with skype to only post messages? because my english ins't that good, so speaking it is much more difficult for me.

I also test the strategy with MA + price action. Looks very prommising.

Yes we have the skype room as instant message ie we don't usually talk. Fits well for people that english is a second language

We post charts etc to analyze in there as well

Here's a shot of my last scalp trade. This was based on the M15 chart for moving averages and then went down to M5 for this entry.

I moved a pending order down the trend line waiting for it to break. This was a scalp as I was only looking for 4 pips to make my total of 40 pips .. ended up being 12 pips

Hi Stratman, thanks a lot for your multi-mini indicator - can you write something about your skype-trading-room ? I would like to know more about it. Do you call live trades in there ? how is your trading-performance in the room ? Thanks - Hannes

Hi Hannes

The skype trading room is free to all dashboard owners ie no ongoing subscription.

We discuss many things but the main purpose is for people to learn off each other. I would not call myself a mentor but I do alright with my trading (around 200 pips for last 3 days).

Right now, I'm trying to teach the basics of trading ie strategies. I have started by posting videos here that are freely available to all (not just skype room people).

In the room, people can ask me and other experienced traders questions and we do our best to answer them. We don't 'call' out trades as such but certainly talk about potential entries that are presenting themselves.

Maybe others might post their experience of the room here on the thread.

cheers
stratman

I have just instal Skype and add stratman_fx
Is that enough to be in that group?

Hi Stratman, the large News-providers (Reuters & Bloomberg) call their customized solutions "trading terminals" - so maybe "Stratman´s Trading Terminal" would be cool - or "Trading Terminal Pipware" I hope to join your skype-room soon - are their limited seats? Cheers, Hannes

Hello... i just sent u a request.. if i may, i would like to join your group

thanks!

hi stratman
just set up db v 430 when the alert goes off ( no alert window comes up)then i get a crackling noise.
the set up with ma is first class
3 ducks system can you set alert when it s cross over( not the 4h or 1h) but when its Finley cross over the 5 min ma with the main pairs
is the 15 chart now in the 3 ducks system

regards

deotoknow

Following Strat's lead, I went with pure MAs (and a breakout) today on GU. Got stopped out on the first trade, but I think it was a good one anyway. Second trade got 46 pips. Used the dash to exit based on today's ADR exceeding the weekly ADR, and fast trix in overbought zone. Thanks, Strat! I am following you closely.

Please add any other payment option like:
http://www.2checkout.com/community/
http://alertpay.com/

I cannot register PayPal from Egypt.

If you set SoundOnlyOn=false you will get pop-ups. I don't like pop-ups myselft as you have to click a button on the box to get rid of them.

The crackling noise you hear is because OffSoundOn=true. This lets you know that the trade signal is no longer valid. I use this to let me know that I may need to exit my trade.

I go into quite a bit of detail (in the manual) around page 25 about the alert settings. Please read through this section to determine your alert settings for 3 ducks.

This is a general response to questions from Thiery, HannesW and dario1002.

To enter the skype room:

1) Add me to your skype contacts ... my user name is 'stratman_fx'. To speed things up, include the email address you used at paypal when you purchased the dashboard.

2) There maybe a delay in me replying to you as I live in New Zealand and I'm usually on skype between 8pm-9am GMT and intermittently during the weekends.

3) If you didn't give me your email address in your initial contact request, I will ask you for it ie only dashboard owners are eligible to enter the skype room.

4) Once you are confirmed as a dashboard owner, I add you to the group chat and type a message into the group chat eg if your name is fred ... I type something like "Hi Fred, welcome to the group"

5) After a few minutes (sometimes instantly) you will see another skype conversation for the group.

6) IMPORTANT: add this group to your contacts so it is always available to you.