Intraday Trading M.F.G. System - PA Momentum Flow Guideline | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to flow with the order flow? 26 replies

intraday sr & momentum trading/scalping 6 replies

Phanti's 1-year flashback + guideline for newcomers 73 replies

Daily/Intraday Momentum Analysis 1,437 replies

Best Intraday Trading System 5 replies

Attachments: Intraday Trading M.F.G. System - PA Momentum Flow Guideline
Exit Attachments

Intraday Trading M.F.G. System - PA Momentum Flow Guideline

  • #21
  • May 26, 2011 12:01pm May 26, 2011 12:01pm
The system idea is very good SailorX, was using something like this. It will be easy if the CCI is plotted with the price bars. We could use the supertrend NRP which i have attached change the default 50 to 17 periods. The indictor will paint blue when its above zero and magenta when its below zero.Hope it helps visually.
Attached File(s)
File Type: mq4 SuperTrend nrp.mq4   8 KB | 620 downloads
Nobody ever went broke taking profits.
  • #22
  • May 26, 2011 12:17pm May 26, 2011 12:17pm
Here a m5 trade. Momentum was generated from a fibo bounce on 61.8 EurUsd level on the previous h4 swing. Trade had more confirmations and exit would may be done followind the M.F.G System rules (+80 pips), or exiting on the daily pivot (would be worth +100pips).
Attached Image (click to enlarge)
Click to Enlarge Name: EU fibo.jpg Size: 340 KB
  • #23
  • May 26, 2011 12:27pm May 26, 2011 12:27pm
Quoting aries2103
The system idea is very good SailorX, was using something like this. It will be easy if the CCI is plotted with the price bars. We could use the supertrend NRP which i have attached change the default 50 to 17 periods. The indictor will paint blue when its above zero and magenta when its below zero.Hope it helps visually.
Thank you for your contribution Aries2103!
  • #24
  • May 26, 2011 2:02pm May 26, 2011 2:02pm

Sailorx,

I have some questions. Maybe not doubts, but difficulties. When You said:
1) Trading a just borned trend formation is more profit-favorable. How to indetify this begin trend formation? I really have difficulty in identifying this moment.

2) Observe how are positioned the last HIGHs and LOWs on the upper TFs. Tell me more about it. What to do in this situation?

Perhaps they are silly questions, but I would appreciate if you could help me.

Thank You!

If I Change, the whole World changes!
  • #25
  • May 26, 2011 2:03pm May 26, 2011 2:03pm
I'am a rainbow lover, I'm trying them together

Attached Image (click to enlarge)
Click to Enlarge Name: ww.gif Size: 73 KB


the 2 white lines near the red EMAs are T3 and Gan H/L
  • #26
  • May 26, 2011 2:43pm May 26, 2011 2:43pm
Quoting Forex Girl
Sailorx,

[font=Verdana][color=black]I have some questions. Maybe not doubts, but difficulties. When You said:
1) Trading a just borned trend formation is more profit-favorable. How to indetify this begin trend formation? I really have difficulty in identifying this moment.

[b][font=Georgia]2) Observe how are positioned the last HIGHs and...
Trend calculation is difficult and despite many businessman develope some natural instinct to see it, for many others, it is a science. Exists many deep studies on the argument, some from real science man authors. Exists also some private technical researchs, but for sure they are not public shared, cause they worth many $$$, for their capacity to generate .

Trend is relative on the different TFs. A bull trend appears when we see that prices start to move more in up direction, than downwards...... and viceversa. It is not easy to see and calculate it. In a bull trend, bull momentums are more powerful than bear momentums. But consider that not always prices moves in trend direction.......

Trading the begin of a new trend is more profit favorable, cause the begin of a trend (or momentum) offers the best entry prices for a good trade.

In general, in an up trend, price tops (the highs) progres more and more higher; I mean that new highs are higher than previous highs. The same for the lows (bottoms) in an up trend. New lows are higher than past lows. This is one of the confirms for a bull trend. For that reason is important to observe them; a fail in making a new HIGHER High or Low, may point a change in the flow. This is more easy visibe on higher TFs.
  • #27
  • May 26, 2011 2:49pm May 26, 2011 2:49pm
Quoting vurbileron
I'am a rainbow lover, I'm trying them together

Attachment

the 2 white lines near the red EMAs are T3 and Gan H/L
I like very much your chart post!
  • #28
  • May 26, 2011 3:39pm May 26, 2011 3:39pm
Sailor,
Thanks SOOO Much for sharing your system. I love it man!!! I also appreciate how you are taking the time away from your trading and giving back. Your a class act!

Chango
  • #29
  • May 26, 2011 6:36pm May 26, 2011 6:36pm
It is better to trade YEN pairs with a little different sets from USD pairs, cause the first ones are usually more volatile and do bigger retracements.

In this template, m1 & m5 sets got different paramenters than the original template, which how I wrote in the very first post, it is calibrated particularly for USD pairs.
Attached File(s)
File Type: tpl m.f.g. - jpy pairs.tpl   6 KB | 466 downloads
  • #30
  • May 26, 2011 7:39pm May 26, 2011 7:39pm
What does MFG stand for? Just curious
  • #31
  • May 26, 2011 7:55pm May 26, 2011 7:55pm
oh... Momentum Flow Guideline... written in the attachment file name.
  • #32
  • May 26, 2011 9:56pm May 26, 2011 9:56pm
A scalp EJ trade, some hours before. I was expecting a better price move than what happens cause of fibo bounce and trendline breakout, but anyway it was a profit trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy trade.jpg Size: 349 KB
  • #33
  • May 26, 2011 10:04pm May 26, 2011 10:04pm
Thanks sailorx for sharing this system.. Just wondering how to you fibonacci retracements? on what TF?

Thanks
  • #34
  • May 26, 2011 10:08pm May 26, 2011 10:08pm
Quoting harry1206
Thanks sailorx for sharing this system.. Just wondering how to you fibonacci retracements? on what TF?

Thanks
Thank you harry1296. I used fibonacci on m15 TF.
  • #35
  • May 26, 2011 10:10pm May 26, 2011 10:10pm
Quoting Sailorx
Thank you harry1296. I used fibonacci on m15 TF.
Thanks sailorx..
  • #36
  • May 26, 2011 10:33pm May 26, 2011 10:33pm
The best way to recognize the start of a trend on a 5min chart has been given away by vurbileron in post below yours. The rainbow actually tells you what the trend is when used on 5 minute chart with 200 ema as outer ma. The green band is very important on whichever side it is thats the trend. To use on a one minute chart all moving avarages of rainbow has to be multiplied by 5. The cyrox rainbow is attached below which was developed by linuxtroll.
Quoting Forex Girl

[color=black][font=Verdana]Sailorx,

I have some questions. Maybe not doubts, but difficulties. When You said:
[b][font=Georgia]1) Trading a just borned trend formation is more profit-favorable. How to indetify this begin trend formation? [color=red][font=Verdana]I really have difficulty in identifying...
Attached File(s)
File Type: tpl CryoxMMA.tpl   10 KB | 572 downloads
Nobody ever went broke taking profits.
  • #37
  • May 26, 2011 10:57pm May 26, 2011 10:57pm
Quoting aries2103
The best way to recognize the start of a trend on a 5min chart has been given away by vurbileron in post below yours. The rainbow actually tells you what the trend is when used on 5 minute chart with 200 ema as outer ma. The green band is very important on whichever side it is thats the trend. To use on a one minute chart all moving avarages of rainbow has to be multiplied by 5. The cyrox rainbow is attached below which was developed by linuxtroll.

I also believe that a rainbow is a good trend indicator, but it is not my favorite.

I saw that your template plots an EMA rainbow. Vurbileron's rainbow is made of LWMA, same periods as yours.
  • #38
  • May 26, 2011 11:18pm May 26, 2011 11:18pm
when you use the lwma the outer value is 240 LWMA. Any other indicator that you feel gives a better indication of the trend, as recognizing the beginning and the end of trend is very important. You are using 288 ema anything the reason for that value. Also i feel the gann hi lo with lb value of 34 holds u in the trade longer. Cheers!!!!!
Nobody ever went broke taking profits.
  • #39
  • May 26, 2011 11:26pm May 26, 2011 11:26pm
Quoting aries2103
when you use the lwma the outer value is 240 LWMA. Any other indicator that you feel gives a better indication of the trend, as recognizing the beginning and the end of trend is very important. You are using 288 ema anything the reason for that value. Also i feel the gann hi lo with lb value of 34 holds u in the trade longer. Cheers!!!!!
Thank you very much for your contribution Aries2103!

My m5 288 EMA is not a trend indicator. It plots exponential average price of the last 24 hours (288x5=1440 minutes=24h). I only use it for fun, lol
  • #40
  • May 26, 2011 11:34pm May 26, 2011 11:34pm
I just noticed on 24 hours charts 288 ema actually indicates the change in trend on daily timeframe and is also a support or resistance. Have u tried the standard supertrend nrp which is a mtf indicator with default settings on 5 min chart with higher time frame settings to show what the trend is on next timeframes. The gann hi low channel is good only trend has to be in your favour so u dont take unnessary trades.
Nobody ever went broke taking profits.
0 traders viewing now