also this can help for you to set the sl and tp
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passion and discipline
Guppy's Multi-Moving Average (GMMA) 855 replies
Guppy Multiple Moving AverAge,GMMA 47 replies
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The Ultimate Guppy Multiple Moving Average (GMMA) Thread 73 replies
Guppy GMMA in 3D 3 replies
DislikedThanks for the reply, that makes sense. Why do you use 10-15 pip stop loss? That seems rather big wouldn't the emas have already crossed over showing you its a weak trade so you could get out earlier?
Do you look at the candlestick formations or are you purely looking at the emas? What emas are they? I don't use metatrader
You said you're trading like 4 currencies, how do you keep track of them all? Do you put them all on one screen and then look for the ones that are trending and then pull up the 1 minute chart?
Sorry for all the questions,...Ignored
DislikedHey ro,
I noticed you were looking up everyones threads yesterday (im a stalker) I just found a recent one that was started that you would have missed probably because it's just called scalping or something. I remember him from 2007 in Linux thread, after thousands of hours screen time he figured out a GMMA system that works great for him. He uses WMA and also an indicators. You don't like his indicators but his is based on the wmas. When price pulls back and then closes below whatever wma he uses that would be a signal. So it gives you great...Ignored
Dislikedhi Joe!
and remenber the 5m long guppy needs to be start to expand and fresh!Ignored
DislikedHi rohule,
really great system!
I do not quite understand what you mean with your above statement. Do you mean for every new entry on the 1m the 5m long guppy needs to compress and expand again? Or what do you mean with "fresh"?
Thank you,
OliverIgnored
DislikedHi Olarion!
yes, wee have to enter rigth after the compresion of the short guppy(white) and the long guppy (5m)must be expanded after the firts swing, i oly trade the 2th and the 3th, maybe the 4th, after it can be dangerous,Ignored
DislikedHi ,Thanks rho
I've been trading for a few years now, and I've had a hard time sticking to one strategy. It helps a lot knowing you trade for a living, I've always been trying to figure out how to trade GMAA. I will defiantly be following this thread
Does this work on any timeframe? Lets say I wanted to trade the daily? Would you just use the Daily and your signal and then enter off the 4 hour?
My last question for the day, once you get your signal and move down to the trigger frame, do you exit based off your trigger frame or do you...Ignored
DislikedDo you only trade the 5 and the 1? OR do you trade others to? I was just wondering why you chose these timeframes over the 30 second and 5 seconds? All the big moves start from the smaler time frame? Just a thought.Ignored
Dislikedto Joe!
dude you need to stick with one sistem, any one you like and trade all the way, need to be patience, stick with one and mastered!
like Mr. bollinger said: there are no not bad systems, only bad traders, you have to pick a sistem, any sistem and trade it!Ignored
DislikedAfter talking with my mom for a bit.. (visiting for thanksgiving )
joeIgnored
Dislikedthank you joe!
thank you joe but i dond deserve that (but thank you i appreciate a lot)
the thing here its that you need to became you own hero, how? with hard work, books, screen time ,patience and the most important thing is self confidence, if you are thinking like a pro you will be a pro!
i recomend you to start with 100 bucks acc using .001 lots (one cent per pip) on live acc, i dond like demo because we never really trade like the same, once you have a preatty decent % of winning then trade 1000 acc, easily you can make 1% every day...Ignored