[karakoyunlar]

In this thread i would like to discuss GMMA experience. I hope you will enjoy and add your comments. Good luck to all!

[karakoyunlar]

the indicators in GMMA

[karakoyunlar]

some explanations on GMMA

[karakoyunlar]

Oil try to break the short investors pressure. After breakout
the first target is weekly pivot 59.20 then
60.05 which is 0.61 retracement of last descent and
3rd target is weekly R1 60.60.

[karakoyunlar]

DJI mini future gone a long way and reached a top. A downward retracement can be expected.
1st target is 12290-300 weekly pivot zone and
2nd target is 12230-40 zone which is also points the 60 EMA on H4 charts.

[karakoyunlar]

The pair is still in an uptrend and the long investors do control the market ( red lines ). The upside targets are :

T1: 1.9045 0.61 retracement of last downtrend
T2: 1.9100 weekly resitance 1

1.8930 is 60EMA and now plays as a support line

[clam61]

do you find futures tend to trend more than forex?

[karakoyunlar]

the futures shows more compatible results than fx. i think in analysing any indicator the futures chart are more usefull. After confirmation of course fx market is more liqued and i prefer it.

Originally Posted by clam61

do you find futures tend to trend more than forex?

Yeah, i think it would be wonderful if someone shares his trading experiences
in GMMA.

[clam61]

whats a good broker to use for futures that uses metatrader or some good charting program (interactivebrokers stinks in terms of reporting and charting)

[Akuma99]

Originally Posted by karakoyunlar

DJI mini future gone a long way and reached a top. A downward retracement can be expected.
1st target is 12290-300 weekly pivot zone and
2nd target is 12230-40 zone which is also points the 60 EMA on H4 charts.

Nice to see someone else using this concept, one question on the above comment, how do you call a retracement from here with investors still showing strength in the long GMMA, there is no evidence of compression, if anything if sticking with GMMA purely, it is ripe to go long. Just wondering, best of luck

[clam61]

Originally Posted by Akuma99

Nice to see someone else using this concept, one question on the above comment, how do you call a retracement from here with investors still showing strength in the long GMMA, there is no evidence of compression, if anything if sticking with GMMA purely, it is ripe to go long. Just wondering, best of luck

from the GMMA all you can say is that the trend is weakening for sure.

this can be evident from the space between the short term and the long term averages--it is decreasing.

also, even though the long term averages are still relatively spread out, their angle with respect to the horizontal is decreasing

in addition, price is penetrating further and further into thelong term averages

this is not to say that it will for SURE retrace. this might be temporary weakness from which their will be new strength.

all you can say is that the trend is weaking for now

what i would do is still look to go long when the short term averages turn up. the trend is strong, there is a good probability you can book some profit or BE if you want to hold on or at least have a small loss. the strength of the trend will give a low probability of a blowout loss.

i would not go short until the long term averages have compressed and begin to expand

p.s. actually akuma you can see a bearish wolfe wave that almost hit the EPA line

[willf]

Originally Posted by clam61

whats a good broker to use for futures that uses metatrader or some good charting program (interactivebrokers stinks in terms of reporting and charting)

Not sure if they are a good broker because I only use their demo.

But North Finance offer futures. You need to right click and select 'show all' from the market watch window.

Good for demo if nothing else.

[Akuma99]

I've read Guppy's books on this one (and had emails with him also, nice fella), and the angle of the longer term averages will always decrease slightly when a pull back to that area occurs, that is normal and expected, what we want to look at is the spread of the longer term averages, which hasn't really compressed that much, and if that pullback has come from a "bubble" which in that case it didn't.

Not saying the prediction will be wrong, just observing the GMMA rules that's all

[clam61]

Originally Posted by Akuma99

I've read Guppy's books on this one (and had emails with him also, nice fella), and the angle of the longer term averages will always decrease slightly when a pull back to that area occurs, that is normal and expected, what we want to look at is the spread of the longer term averages, which hasn't really compressed that much, and if that pullback has come from a "bubble" which in that case it didn't.

Not saying the prediction will be wrong, just observing the GMMA rules that's all

thanks for correcting me akuma

i have trend trading by guppy is that the one you have? to me its very wordy and my short attention span gets the best of me.

i want clear simple rules to follow....what are the entry rules to temporary trend weakness?