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  • #1,021
  • Nov 16, 2010 11:36am Nov 16, 2010 11:36am
Quoting AllyB
Hope you or someone got in on this one. I wasn't online for the first trigger and didn't like the looks of the second but the arrow/trigger circled was the one. Great signal and worth about 130 PIPS! Not me ... missed the darn thing but will not let that happen again
I hate hindsight ... another missed trigger

I did look and it was a all green trigger at the time but the photo shows the red TRADE now ... well, it just now turned back green. Do you think it will continue down?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 34 KB
  • #1,022
  • Nov 16, 2010 12:18pm Nov 16, 2010 12:18pm
Quoting AllyB
I hate hindsight ... another missed trigger

I did look and it was a all green trigger at the time but the photo shows the red TRADE now ... well, it just now turned back green. Do you think it will continue down?

First trade opened and closed within a few seconds, issues with ISP.
Second trade +57 .
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 16 20.14.jpg Size: 102 KB
" Never let the past hold the future to ransom "
  • #1,023
  • Nov 16, 2010 12:21pm Nov 16, 2010 12:21pm
Quoting AllyB
I hate hindsight ... another missed trigger

I did look and it was a all green trigger at the time but the photo shows the red TRADE now ... well, it just now turned back green. Do you think it will continue down?
Bear target 13440 or 50% fib for today.
The daily range is at 200 pips , risk of a bounce or retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Nov. 16 20.19.jpg Size: 70 KB
" Never let the past hold the future to ransom "
  • #1,024
  • Nov 16, 2010 12:49pm Nov 16, 2010 12:49pm
Quoting Gleneagles
Bear target 13440 or 50% fib for today.
The daily range is at 200 pips , risk of a bounce or retracement.
Thanks, you just confirmed what I saw also. Going to sit back and see what direction both GBPUSD and EURUSD want to travel and go along for the ride. Going with the trend instead of trying to scalp countertrent is like flying downwind instead of fighting the bumpy head wind or worst yet cross wind ride. I do feel like it has more down to go before a retrace though. Going to take more volume then what we have right now ...

Thanks for your help and you have a great night!

PS ... I did make 64 pips today so not too shabby
  • #1,025
  • Nov 16, 2010 1:09pm Nov 16, 2010 1:09pm
Quoting AllyB
Thanks, you just confirmed what I saw also. Going to sit back and see what direction both GBPUSD and EURUSD want to travel and go along for the ride. Going with the trend instead of trying to scalp countertrent is like flying downwind instead of fighting the bumpy head wind or worst yet cross wind ride. I do feel like it has more down to go before a retrace though. Going to take more volume then what we have right now ...

Thanks for your help and you have a great night!

PS ... I did make 64 pips today so not too shabby

Not too shabby for sure.
Trend is building momentum but probably done for the day.
If 13440 goes , the potential for 200 pips drop is on the cards.
" Never let the past hold the future to ransom "
  • #1,026
  • Nov 16, 2010 1:24pm Nov 16, 2010 1:24pm
Quoting Gleneagles
Not too shabby for sure.
Trend is building momentum but probably done for the day.
If 13440 goes , the potential for 200 pips drop is on the cards.
My 50% recent high to the low on 8/24 is 1.3434 so that will work

Got a fat red line on 3440 so let's see how she behaves.
  • #1,027
  • Nov 17, 2010 1:38pm Nov 17, 2010 1:38pm
Well, not as profitable as yesterday but I will take the 25 and be happy. Signals were not as good today as yesterday but considering both GU and EU's range was half that of yesterday, it's to be expected. Since I had wait time I have been studying USDCAD and USDCHF also. In fact, the 25 pips came from USDCHF but not by using the trix signal template. As you can see from the attached chart I was late to the move but exit was OK ... not great but OK. I have also attached a buy on EURUSD which I broke even but am proud of my emotional control on holding it until I got back the -37 pips.

How did your day go?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 34 KB
Click to Enlarge Name: eu.gif Size: 35 KB
  • #1,028
  • Nov 17, 2010 1:48pm Nov 17, 2010 1:48pm
Quoting AllyB
Well, not as profitable as yesterday but I will take the 25 and be happy. Signals were not as good today as yesterday but considering both GU and EU's range was half that of yesterday, it's to be expected. Since I had wait time I have been studying USDCAD and USDCHF also. In fact, the 25 pips came from USDCHF but not by using the trix signal template. As you can see from the attached chart I was late to the move but exit was OK ... not great but OK. I have also attached a buy on EURUSD which I broke even but am proud of my emotional control on holding...
Regarding your USDCHF trade
Is your smMFTTrioAvg_Signals indicator set up at 60-5? (or 60-15-5, or??)
I think if you were using 60-5 you would have got an arrow

If not MTF Trix, what prompted you to take the trade?

PGPB
  • #1,029
  • Nov 17, 2010 2:00pm Nov 17, 2010 2:00pm
Quoting pgpb
Regarding your USDCHF trade
Is your smMFTTrioAvg_Signals indicator set up at 60-5? (or 60-15-5, or??)
I think if you were using 60-5 you would have got an arrow

If not MTF Trix, what prompted you to take the trade?

PGPB
I have been using the 240-15 timeframe. Seems like I was getting a lot of noise using any of the 60 settings.

USDCHF - I was actually pulling some fibs, checking pivots and range and was hoping that trix would trigger and when it didn't I just liked what I saw so I sold. Still watching it to see if it can break the daily pivot and if so, I would buy but it's holding very well so won't be today.

How is your trading with trix going?
  • #1,030
  • Nov 17, 2010 7:22pm Nov 17, 2010 7:22pm
Quoting pgpb
If not MTF Trix, what prompted you to take the trade?

PGPB
I am reviewing my response to your earlier question and realize that my reply was not acceptable. At this time it's late here so I will post my system charts tomorrow with explanation as to why I make that trade.

Good Evening
  • #1,031
  • Nov 18, 2010 7:58am Nov 18, 2010 7:58am
Originally Posted by pgpb http://cdn.forexfactory.com/images/buttons/viewpost.gif
If not MTF Trix, what prompted you to take the trade?

PGPB


Quoting AllyB
I am reviewing my response to your earlier question and realize that my reply was not acceptable. At this time it's late here so I will post my system charts tomorrow with explanation as to why I make that trade.

Good Evening
I have attached a H1 and M15 chart showing my templates. As you can see they are a bit cluttered which is why I like gleneagles system. The basis of my trade yesterday was the PA as it dropped below the daily pivot and the 50% fib pivot level. I also watch the dollar index which I highly recommend for anyone. On this trade the dx was confirming my decisions to stay in until it started faltering at the 38% fib level. At that time the dx was starting to turn back north so I closed. Conformation to close also came from the M15 chart which shows the yesterday low and the MS2 lined up with the 38% fib. It wasn't going to break all that.

Hope this helps!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucH1.gif Size: 22 KB
Click to Enlarge Name: ucM15.gif Size: 40 KB
  • #1,032
  • Nov 18, 2010 1:30pm Nov 18, 2010 1:30pm
Quoting Gleneagles
Possible settings smTrio

60 5
60 15

on Roy 60

240 5
240 15
240 30 5

on Roy 240

I suggest 60 15 and/or 240 15 as a start.

It is best to master the basics first before you attempt to scalp short term.
Ideally you need to set up buy/sell scripts as well as scripts or ea to close all positions , close by symbol , close at $ equity or close at account % etc

I know the advice will be ignored by I have posted it anyway



Hi guys, I don't know you but for me I really lost my confidence trading with MT4 Broker's I would like to have your opinion on that, which MT4 broker do you recommend for live trading and I suppose that you already trade live with this broker...For the charting package I really like MT4, and it will be very good to have those scripts and EA, everything is working perfectly in demo but live. I am not shure what to do with my real money...I was thinking of Oan Da broker, will see.... thx Max
  • #1,033
  • Nov 18, 2010 2:30pm Nov 18, 2010 2:30pm
Quoting maximus2005
[/b]


Hi guys, I don't know you but for me I really lost my confidence trading with MT4 Broker's I would like to have your opinion on that, which MT4 broker do you recommend for live trading and I suppose that you already trade live with this broker...For the charting package I really like MT4, and it will be very good to have those scripts and EA, everything is working perfectly in demo but live. I am not shure what to do with my real money...I was thinking of Oan Da broker, will see.... thx Max
Hi Max - I will let the more experienced traders answer as to what they use and or have used. I have only had a live account since April of this year with Interbank FX and have had no issues at all. Where do you live? US?
  • #1,034
  • Nov 18, 2010 2:49pm Nov 18, 2010 2:49pm
Quoting AllyB
Hi Max - I will let the more experienced traders answer as to what they use and or have used. I have only had a live account since April of this year with Interbank FX and have had no issues at all. Where do you live? US?
I use 3 different live brokers FXDD Alpari and forex4you

I live in US forex4you is 'offshore' and I can do hedge and all the thing in US you can't For this threads style of trading fxdd - alpari is fine but just so you know the trixMTF roy indi doesn't work on Alpari not for me at least

THe nice thing about forex4you is you can open a penny acct. put in $20.00 and it shows like you have $2,000. It is a live accout for testing

you also open a regular acct too
  • #1,035
  • Nov 18, 2010 4:35pm Nov 18, 2010 4:35pm
Quoting dryclean
I use 3 different live brokers FXDD Alpari and forex4you

I live in US forex4you is 'offshore' and I can do hedge and all the thing in US you can't For this threads style of trading fxdd - alpari is fine but just so you know the trixMTF roy indi doesn't work on Alpari not for me at least

THe nice thing about forex4you is you can open a penny acct. put in $20.00 and it shows like you have $2,000. It is a live accout for testing

you also open a regular acct too

thx guys I am looking to try Dukascopy MT4 or fxopen, I will let you know which broker I will choose... thx Max
  • #1,036
  • Nov 19, 2010 1:18am Nov 19, 2010 1:18am
Quoting dryclean
I use 3 different live brokers FXDD Alpari and forex4you

I live in US forex4you is 'offshore' and I can do hedge and all the thing in US you can't For this threads style of trading fxdd - alpari is fine but just so you know the trixMTF roy indi doesn't work on Alpari not for me at least

THe nice thing about forex4you is you can open a penny acct. put in $20.00 and it shows like you have $2,000. It is a live account for testing

you also open a regular acct too
Hi
I am having the same experience with Forex4you, Roy is not working either.

Good luck for the future

John from Durban
  • #1,037
  • Edited 9:22am Nov 19, 2010 1:56am | Edited 9:22am
Quoting jmcl
Hi
I am having the same experience with Forex4you, Roy is not working either.

Good luck for the future

John from Durban
Hi
I can remember that there was an issue with the indicator because when Roy made the indicator available it was for the 4 digit brokers.

Go to thread : MTF Trix system and on page 78, post 1168 you will find 2 indicators. Save both of them to indicators and it will work.

Since my previous post I tried this same thing on Forex4you and it worked due to that broker is a 4 digit broker.

I hope I am right, but try it.

John from Durban
  • #1,038
  • Edited 5:43pm Dec 14, 2010 4:58pm | Edited 5:43pm
Holiday time and I thought I’d play around with trix. The beauty of trix is it is so simple. The catch is, it takes years to master simplicity.

Nevertheless, I’ve been working on a bit of a strategy using the trix spefs (same as Glen’s) shown below along with day pivots using the auto pivot indicator.

The overriding theme, is to keep things simple.


EG1 – NU15m

note: the light shaded area of the chart is my trade time 5 GMT to 12 GMT, and the area in which I’m interested in trix signals.

1. blue arrow (shaded yellow) signals buy
2. market structure (pivot high) supports the buy signal
3. buy at support (blue box)
4. sell at R1 +40

For me, the key to successful application of trix signals is my ability to interpret the signal within the context of market structure, ie., this trix signal is supported by the pivot high.

Hence, if market structure does not support the trade then the signal is ignored.


EG2 – AU15m

1. blue arrow (shaded yellow) signals buy
2. market structure (pivot high) supports the buy signal
3. buy at support (blue box)
4. sell at R1 +50


EG3 – GU15m

1. blue arrow (shaded yellow) signals buy
2. market structure (pivot high) supports the buy signal
3. buy at support (blue box)
4. SL -25


** one other thing i like to use is parallel analysis; if i get a trade signal i am keen on (eg. NU), its probability of success is increased when the other pairs are doing the same thing: AU, GU, EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-12-15_0826.png Size: 39 KB
Click to Enlarge Name: 2010-12-15_0828.png Size: 37 KB
Click to Enlarge Name: 2010-12-15_0847.png Size: 37 KB
Attached Image
  • #1,039
  • Edited Dec 15, 2010 2:23pm Dec 14, 2010 5:16pm | Edited Dec 15, 2010 2:23pm
below are the indis used on the charts at the previous post

i've added the template i'm using; i'm not certain but i think you'll need to load the indis first, to get the template working
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 254 downloads
File Type: mq4 ABSA.mq4   51 KB | 329 downloads
File Type: mq4 i-ParamonWorkTime.mq4   5 KB | 271 downloads
File Type: ex4 smMTFTrioAvg_Signals_v6.ex4   14 KB | 307 downloads
File Type: tpl txpivot2.tpl   7 KB | 264 downloads
File Type: mq4 ###Auto Pivot clean version.mq4   16 KB | 289 downloads
  • #1,040
  • Dec 14, 2010 7:13pm Dec 14, 2010 7:13pm
GU15m

1. pink arrow (shaded yellow) signals short
2. market structure (lower lows) supports the short signal
3. parallel analysis supports short (NU, AU, EU)
4. short at resistance (blue box)
5. exit at R1 or market structure
6. news >60m

* price moving sideways then up = exit signal, SL@-9 (1.5769)
* outside optimum trade time (5 GMT to 12 GMT), = lower probability of success,..........it's an experiment!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-12-15_1102.jpg Size: 79 KB
Click to Enlarge Name: 2010-12-15_1107.jpg Size: 155 KB
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