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

  • #41
  • May 26, 2011 11:49pm May 26, 2011 11:49pm
Quoting aries2103
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.
Yes I gave it a look. It is probably a good indie and may be combined with M.F.G System if one feels comfortable with it.
  • #42
  • May 27, 2011 2:22am May 27, 2011 2:22am
This is a custom fractal indicator, different from the in-build MT4 one. I like it much more, and I use it as well. Here is how it marks:
Attached Image
Attached File(s)
File Type: ex4 Custom Fractals.ex4   9 KB | 579 downloads
  • #43
  • May 27, 2011 2:26am May 27, 2011 2:26am
Quoting Sailorx
This is a custom fractal indicator, different from the in-build MT4 one. I like it much more, and I use it as well. Here is how it marks:
is that the same like finefractals.mq4 ???

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #44
  • May 27, 2011 2:30am May 27, 2011 2:30am
Quoting enigma4x
is that the same like finefractals.mq4 ???

enigma4x

Yes, it is similar.
  • #45
  • May 27, 2011 8:12am May 27, 2011 8:12am
Just done a bull trade on GU with the system, banking 20 pips!There was a double breakout of trendline and resistence in a big uptrend price channel. This is my 5th example shared, appling M.F.G. system with common trading sense.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gu bull trade.jpg Size: 332 KB
Click to Enlarge Name: gu set up.jpg Size: 205 KB
  • #46
  • May 27, 2011 8:43am May 27, 2011 8:43am
gonna have a look at it
I don't want a job, i want money!
  • #47
  • May 27, 2011 8:47am May 27, 2011 8:47am
On EU seems to appear a bearish gartley pattern. Lets see if there will be a nice bear momentum soon!
Attached Image (click to enlarge)
Click to Enlarge Name: eu bearish gartley.jpg Size: 289 KB
  • #48
  • May 27, 2011 9:47am May 27, 2011 9:47am
Probably some medium term traders may see this, a bearish gartley in a downtrend channel on EurUsd. If price confirms the bounce on the upper trendline channel, and brokes fine the perpendicular median, it may be a nice short set for medium TFs trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU gartley h4.jpg Size: 194 KB
Click to Enlarge Name: EU gartley h1 setup.jpg Size: 262 KB
  • #49
  • May 27, 2011 10:13am May 27, 2011 10:13am
Yeah, that gartley in that channel sounds good. Let's see it!
  • #50
  • May 27, 2011 7:17pm May 27, 2011 7:17pm
Sailorx,

When you enter a trade, how long time do you stay? Do You wait for how many bars (candles) to exit if you do not achieve your goal?

Thanks again.
If I Change, the whole World changes!
  • #51
  • May 28, 2011 7:32am May 28, 2011 7:32am
Quoting Forex Girl
Sailorx,

When you enter a trade, how long time do you stay? Do You wait for how many bars (candles) to exit if you do not achieve your goal?

Thanks again.
No, I do not count the bars, but if price is not moving for some time, I may put more closer the SL.
  • #52
  • May 30, 2011 6:14am May 30, 2011 6:14am
Friday's Gartley did't gave short signals and price broke a little the upper trendline on the H4 channel. No particularly opportunities for day trading today, for GU and EU.
  • #53
  • Jun 26, 2011 8:59am Jun 26, 2011 8:59am
Sailorx, The thread is dead but i have been doing trades using the idea, it has been doing fine. I will post a few charts on how i have been using the indicators.
Nobody ever went broke taking profits.
  • #54
  • Jun 26, 2011 9:14am Jun 26, 2011 9:14am
The gann high low is set at 34 periods MTF 15 mins on 5 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ba.gif Size: 28 KB
Nobody ever went broke taking profits.
  • #55
  • Jun 26, 2011 2:20pm Jun 26, 2011 2:20pm
Quoting aries2103
Sailorx, The thread is dead but i have been doing trades using the idea, it has been doing fine. I will post a few charts on how i have been using the indicators.
Thank u for sharing. Your sets are similar to those of Sonic's thread system.

I believe I've posted a sufficient number of examples of the basics of my system. If anybody wants to share some use of it, or some try, or doubt, it is very welcome...
  • #56
  • Jun 26, 2011 10:12pm Jun 26, 2011 10:12pm
Sailorx, Its quite similar, Sonic system uses a 34 ema channel. The idea of using a 34 period gann hi low is from Bill Williams, where they use a 5/34 oscillator. Exit i think using QQE as used in sonic system could get us out fast.Using the SSL channel chart alert MTF i do get 2-3 very good trades when you trade with the trend. Exit any ideas from your side.
Nobody ever went broke taking profits.
  • #57
  • Last Post: Jul 1, 2011 5:52pm Jul 1, 2011 5:52pm
Quoting aries2103
Sailorx, Its quite similar, Sonic system uses a 34 ema channel. The idea of using a 34 period gann hi low is from Bill Williams, where they use a 5/34 oscillator. Exit i think using QQE as used in sonic system could get us out fast.Using the SSL channel chart alert MTF i do get 2-3 very good trades when you trade with the trend. Exit any ideas from your side.
In my opinion any trader may use indicator's parameters whatever he likes, for the market he trades. Probably is more important to focus on way of the aproach, that one trades... For example in this thread I posted a system based on momentum-waves trading. That's all. This is the core. Parameters and details of trading stuff are up to traders personal preferences.
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