DislikedMy 2022 strategy - Guppy MAs with ATS to define consolidation (Blue Boxes) areas, trend areas and daily profits. {image}Ignored
can you share your 2022 strategy in details?
your inputs are very much appreciated
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DislikedMy 2022 strategy - Guppy MAs with ATS to define consolidation (Blue Boxes) areas, trend areas and daily profits. {image}Ignored
Disliked{quote} ... I confess that using GMMAs is not as easy as it looks, or I haven't found it so. I think it's because there aren't strict or clear rules. Daryl Guppy was clear that the GMMA is intended to be a guide to trend formation and continuation, not a specific trading strategy. I remain convinced that this is a good concept, just that I need to get my head around it ...Ignored
DislikedGMMA rainbow Yellow EMA: 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15; Blue ЕМА: 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41; Green EMA: 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74; Red EMA: 78, 82, 86, 90, 94, 98, 102, 106, 110, 114, 118, 122; Pink EMA: 125, 130, 135, 140, 145, 150, 155, 160, 165, 170, 175, 180, 185, 190, 195, 200. {image}Ignored
Disliked{quote} Hi Alex Do you mind sharing your indicators and template? Thank you in advance. KPIgnored
DislikedFollowing walvekarraje's method I placed a sell stop order at the base of the breakout candle. As far as I can see all the criteria have been met. A concern is that there is a support level not far below. This is where I have placed my target. {image}Ignored
Disliked{quote} so many lines to choose from (23, 38, 50, etc), price has a high probability of reaching one of them.Ignored
Dislikedfib to set targets {image} now the fib is applied from the low of breakout/ entry candle (candle closing below ema chanel) to the previous swing high. note that target 1 is above the previous support and target 2 is below it. if the trend is strong the probablity of hitting targets is fairly high. finally tomorrow after market open if price retraces above 50% and/or my BE stoploss is hit.... i will be out of the trade. if not i will wait for my targets.Ignored
Disliked{quote} Like this? (This is the same EURUSD H4 trade as recently posted). {image}Ignored
Disliked{quote} Like this? (This is the same EURUSD H4 trade as recently posted). {image}Ignored
Disliked{quote} it looks that the price is significantly away from your entry. also the wick has crossed your previous support. so time to move stoploss to BE. Book profit 1) targets reached 2) the 6 rsi goes below 20 level . you can opt to remain in trade till rsi 6 is below rsi 12 or candles are closing outside ema chanelsIgnored
Disliked{quote} I wouldn't say that price is significantly away from the entry - it's about 16 pips away, not even 1R yet. Let me go back and look for your exit rules. That might help clarify. I found this below, my comments in blue During trade : remain in trade till all candle close outside 10 ema channel. So in a sell trade, if the entire candle, body, wicks, the lot closes BELOW the channel we close 100% of the trade, is that a correct understanding? That doesn't sound right. I think you mean all candles in a sell trade should CLOSE below the channel,...Ignored
Disliked{quote} "I wouldn't say that price is significantly away from the entry - it's about 16 pips away, not even 1R yet" - sorry, i was just trying to read your chart, i really didnt read the figures. in a sell trade as long as the candle closes below the 10 low ema . the trend is strong even if it is a bullish candle. so remain in the trade. in a sell trade if rsi 6 closes above rsi 12, but as long as both are below 50, you can still be in trade but you need to watch the price action and decide accordingly. but if rsi 6 closes above 50 . definately...Ignored