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  • #1,041
  • Dec 14, 2010 9:20pm Dec 14, 2010 9:20pm
GJ15m

1. blue arrow (shaded yellow) signals buy
2. market structure (higher pivot highs, higher pivot lows) supports the buy signal
3. parallel analysis is unclear (NJ, AJ, EJ)
4. buy at blue arrow? (shaded blue area)
5. exit at R1 or market structure
6. news >60m

* unsure what is optimum entry price here.......blue arrow will do, it's an experiment
* outside optimum trade time (5 GMT to 12 GMT) and parallel analysis is unclear = lower probability of success
* due to // analysis i am not confident with this set-up
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  • #1,042
  • Dec 14, 2010 9:55pm Dec 14, 2010 9:55pm
price finds support, higher highs & higher lows forming, lack downward momentum...........set-up has failed

price may reverse back down, but the probabilities are confused so i'm happy to exit at -9, plus it's a trix experiment

Quoting PeterE
* 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!
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  • #1,043
  • Dec 15, 2010 12:23am Dec 15, 2010 12:23am
exit -6

Quoting PeterE
* outside optimum trade time (5 GMT to 12 GMT) and parallel analysis is unclear = lower probability of success
* due to // analysis i am not confident with this set-up
  • #1,044
  • Dec 15, 2010 12:27am Dec 15, 2010 12:27am
EU, AU, GU, NU take off right on time..........something to be said for trading the optimum time, in my case the London open
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  • #1,045
  • Dec 15, 2010 1:27am Dec 15, 2010 1:27am
Quoting PeterE
EU, AU, GU, NU take off right on time..........something to be said for trading the optimum time, in my case the London open
Hi Peter,

Your analysis is spot on ito picking high/higher probability setups.
Keep it simple, it is still one of the most consistent methods that I use for trading.

GL
" Never let the past hold the future to ransom "
  • #1,046
  • Dec 15, 2010 1:48am Dec 15, 2010 1:48am
thanks for feedback Gleneagles

.........now lets see if GU, EU, AU can reach their "daily pivot" targets

each has literally missed my exit by just a cpl pips

AU 9949/9909
EU 3344/3287
GU 5755/5710
  • #1,047
  • Dec 15, 2010 2:15am Dec 15, 2010 2:15am
Here you can see the correlation between EU GU AU NU using RSI indi on 15M chart.

You will notice that when they all line up , the probability is in your favour and in general the trades pay more.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 15 10.09.jpg Size: 129 KB
Attached File(s)
File Type: mq4 multisymbol_color-RSI_LQ_1.0.mq4   5 KB | 431 downloads
File Type: ex4 multisymbol_color-RSI_LQ_1.0.ex4   6 KB | 333 downloads
" Never let the past hold the future to ransom "
  • #1,048
  • Dec 15, 2010 2:41am Dec 15, 2010 2:41am
thanks will take a look

Quoting Gleneagles
Here you can see the correlation between EU GU AU NU using RSI indi on 15M chart.

You will notice that when they all line up , the probability is in your favour and in general the trades pay more.
  • #1,049
  • Dec 15, 2010 2:55am Dec 15, 2010 2:55am
GU reached +40 of +45 target, so set SL +1 which was hit
EU reached +52 of +57 target, so set SL +1 which was hit
AU reached +38 of +40 target, decided to close at +16

dont always get the momentum you would like.......that's trading


Quoting PeterE
each has literally missed my exit by just a cpl pips

AU 9949/9909
EU 3344/3287
GU 5755/5710
  • #1,050
  • Dec 15, 2010 6:33am Dec 15, 2010 6:33am
GU, EU, AU 15m

1. pink arrow (shaded yellow) signals short
2. market structure (lower pivot lows), retrace in dn trend supports the short signal
3. parallel analysis is down
4. short at open of next bar after short signal
5. exit at next support (blue box): +45, +57, + 40 respectively
6. news >60m

* in hindsight, I did not manage my SL well for these 3 trades, placing SL above market structure (blue horizontal) is the most sensible price, and would have risked just -20 each position; doing so, and the targets mentioned are each reached.

Quoting PeterE
GU reached +40 of +45 target, so set SL +1 which was hit
EU reached +52 of +57 target, so set SL +1 which was hit
AU reached +38 of +40 target, decided to close at +16

dont always get the momentum you would like.......that's trading
Attached Image (click to enlarge)
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  • #1,051
  • Dec 15, 2010 9:08am Dec 15, 2010 9:08am
Quoting PeterE
GU, EU, AU 15m...
Good information Peter ... keep it up! I started looking at gleneagles template but haven't lately. You have inspired me to get back with it. I am going to try your settings. I trade the US open so I have been using the M60/M15 setting. Do you watch the M15 or M5 timeframe?
  • #1,052
  • Dec 15, 2010 2:13pm Dec 15, 2010 2:13pm
hi Ally,

i use the settings shown below on a 15m chart

i like trix because one little arrow appearing on the chart does not obscure my emphasis on market structure

trading can get soooo very complicated, and no doubt this is a main reason why many fail

Quoting AllyB
Good information Peter ... keep it up! I started looking at gleneagles template but haven't lately. You have inspired me to get back with it. I am going to try your settings. I trade the US open so I have been using the M60/M15 setting. Do you watch the M15 or M5 timeframe?
Attached Images
  • #1,053
  • Dec 15, 2010 7:27pm Dec 15, 2010 7:27pm
This is my version of the Trix Strategy to-date.

I plan to keep testing it over the coming weeks. But in fairness to the strategy, this is probably not going to be the best sample period given liquidity over Christmas/New Year.


Using an example from Tues 14th Dec.: EU 15min

1] trix arrow (@ green highlight)

2] market structure (MS) supports the trix signal: price is in consolidation, breaks up and out of consolidation, forming higher high pivot

3] parallel analysis: supports upward momentum (AU, GU, NU)

4] open @: MS support (yellow box at blue horizontal)

5] SL @: cash stop -30 or positioned below MS support described at 4]

6] close @: R1 +80

7] news >60mins


* Pyramid opportunity at second yellow box after trix signal. At this point the trade is in profit +55 and MS supports continued upward momentum, warranting a second position.

* Whilst this trix strategy is quite straight-forward, numbers 2], 3], 4], 6] are going to require skill. There might be an effective way to automate 4] and 6], but 2] and 3] will require experience/screen time.

* indicators in use can be found here: http://www.forexfactory.com/showpost...postcount=1039
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  • #1,054
  • Dec 15, 2010 9:19pm Dec 15, 2010 9:19pm
NJ&EJ

i think all the boxes are ticked for these 2, although sticking to trade times for the moment

entry would be at open of candle after trix arrow (highlighted yellow)
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  • #1,055
  • Dec 15, 2010 10:07pm Dec 15, 2010 10:07pm
NU15

worth keeping an eye on
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  • #1,056
  • Dec 16, 2010 1:36am Dec 16, 2010 1:36am
by the time trade time came around, EJ wasnt looking so good for shorting in my view

NJ was still looking shortable i thought, but // analysis was not in support........prefer to have the balance of probabilities in my favour as much as possible

nevertheless, lets see if NJ can proceed lower: short 62.27, SL 62.53


Quoting PeterE
NJ&EJ

i think all the boxes are ticked for these 2, although sticking to trade times for the moment

entry would be at open of candle after trix arrow (highlighted yellow)
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  • #1,057
  • Edited 7:34pm Dec 16, 2010 1:41am | Edited 7:34pm
come trade time, NU still looking shortable i thought, but like NJ, // analysis not in support

nevertheless, lets see if NU can proceed lower: short .7392, SL 74.14

edit: this trade showed promise but took exit at +1 due to // analysis

Quoting PeterE
NU15

worth keeping an eye on
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  • #1,058
  • Dec 16, 2010 2:36am Dec 16, 2010 2:36am
trix signal confirmed by MS
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  • #1,059
  • Dec 16, 2010 2:43am Dec 16, 2010 2:43am
NJ, exit next support +25

also, GJ, EJ, AJ each moving through a channel which may stifle downward momentum

Quoting PeterE
nevertheless, lets see if NJ can proceed lower: short 62.27, SL 62.53
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  • #1,060
  • Dec 16, 2010 3:41am Dec 16, 2010 3:41am
Quoting PeterE
trix signal confirmed by MS
....odd, i'm missing your last trix arrow up on GU, is this down to broker difference do you think, or is it a repainting issue?
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