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  • #341
  • Feb 8, 2022 9:41am Feb 8, 2022 9:41am
The above GBPJPY trade going nicely now.

This GBPCHF trade might break out at the next close. The only thing that I don't like is the period between the pullback and today's possible breakout candle. Not sure if that means something or it can be ignored?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf h4.png Size: 41 KB

Kunjani umnumzane yaseSwatini
  • #342
  • Feb 8, 2022 9:59am Feb 8, 2022 9:59am
Looks like today is a good one. Here is a USDJPY trade. As the first target was not a long way from the entry I placed my entire TP at T2. I have already trailed my stop up the H1 swing lows, so there's less at risk now. Will move to B/E at around 50 pips and trail from there.

Attached Image (click to enlarge)
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  • #343
  • Feb 8, 2022 10:04am Feb 8, 2022 10:04am
Not sure you can see 2H candles.
This looks promising. EURCHF 2h
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  • #344
  • Feb 8, 2022 10:07am Feb 8, 2022 10:07am
Quoting Spudfan
Looks like today is a good one. Here is a USDJPY trade. As the first target was not a long way from the entry I placed my entire TP at T2. I have already trailed my stop up the H1 swing lows, so there's less at risk now. Will move to B/E at around 50 pips and trail from there. {image}
You take the 2nd pullback?
  • #345
  • Feb 8, 2022 10:19am Feb 8, 2022 10:19am
Quoting oohoo
Not sure you can see 2H candles. This looks promising. EURCHF 2h {image}
It does look promising on H2, although I can't see that TF. On H4 it looks distinctly like a bubble (see attached document) so it would pay to be cautious.

On this chart I simply clicked on line chart and set its colour to "None". Then to get the full Guppy picture I added the ST EMAs manually using a dull colour so as not to get a migraine!

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf h4.png Size: 34 KB
Attached File(s)
File Type: doc THE GMMA-Bubble Trading.doc   131 KB | 337 downloads
  • #346
  • Feb 9, 2022 2:54am Feb 9, 2022 2:54am
Quoting Spudfan
This is one of the pairs I was watching yesterday. The ST group has pulled away from the LT group. The LT lines are now evenly spread. Also, all lines are now "blue/green". T1 is 60 pips away and T2 is 155 pips away - both decent targets. I will place a buy stop order at the tip of the breakout candle. With targets (ST group was removed from chart) {image}
I have had two very precise moves on my first target, but both missed by a whisker. Maybe it would be wise to place the TP a few pips below the fibo level in future. I have actually done that, which is why the first move up looks like it should have hit the TP.

I have kept faith because the GMMAs are indicating a bullish bias, the candles have all closed above the channel, and all the line colours are blue-green. The one small concern is that the RSIs are looking a bit flat.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy H4.png Size: 28 KB
  • #347
  • Feb 9, 2022 3:01am Feb 9, 2022 3:01am
Seems like GBP is generally bullish. I entered this GBPUSD trade this morning. The LT EMAs look like they are too tight in this image, and they are a bit tight and flat, but in the plain Guppy chart they are nicely spread apart with a good gap between the ST and LT group.
Attached Image (click to enlarge)
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  • #348
  • Feb 9, 2022 4:17am Feb 9, 2022 4:17am
Quoting Spudfan
{quote} I have had two very precise moves on my first target, but both missed by a whisker. Maybe it would be wise to place the TP a few pips below the fibo level in future. I have actually done that, which is why the first move up looks like it should have hit the TP. I have kept faith because the GMMAs are indicating a bullish bias, the candles have all closed above the channel, and all the line colours are blue-green. The one small concern is that the RSIs are looking a bit flat. {image}
First target hit (finally!) on this GBPJPY trade, moved to B/E and will now trail the stop while aiming for T2. I have an EA that will trail the stop up an MA, in this case it is set to follow the lower line of the channel.
  • #349
  • Feb 9, 2022 5:10am Feb 9, 2022 5:10am
Quoting Spudfan
{quote} I have had two very precise moves on my first target, but both missed by a whisker. Maybe it would be wise to place the TP a few pips below the fibo level in future. I have actually done that, which is why the first move up looks like it should have hit the TP. I have kept faith because the GMMAs are indicating a bullish bias, the candles have all closed above the channel, and all the line colours are blue-green. The one small concern is that the RSIs are looking a bit flat. {image}
Have you accounted for spread? It is a trick with some brokers.
  • #350
  • Feb 9, 2022 1:48pm Feb 9, 2022 1:48pm
What would you say to this entry?
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  • #351
  • Feb 9, 2022 2:12pm Feb 9, 2022 2:12pm
Quoting oohoo
What would you say to this entry? {image}
The technicals are in place (1st pullback/breakout, breakout candle in place, RSIs good, LT group spread). But it's difficult to say without seeing all of the Guppy lines, whether there is a clear gap between the ST and LT groups (yet). It would also be very helpful if you could get all four of your main lines (the LT outer lines as well as the channel lines) to change colour in the same way as the RSIs do. I am finding that when all four of those colours are (in this bullish case) blue-green, then it counts for a lot. I suspect it would be premature right now to enter this trade based on the Walvekar rules.

Those flat and possibly even contracting LT outer lines, remind me of my GBPUSD trade today where those lines were close and flat - that trade didn't work out.

Having said all that, I have never traded stocks, and their behaviour might not be the same as forex pairs?
  • #352
  • Feb 9, 2022 3:06pm Feb 9, 2022 3:06pm
Quoting Spudfan
{quote} The technicals are in place (1st pullback/breakout, breakout candle in place, RSIs good, LT group spread). But it's difficult to say without seeing all of the Guppy lines, whether there is a clear gap between the ST and LT groups (yet). It would also be very helpful if you could get all four of your main lines (the LT outer lines as well as the channel lines) to change colour in the same way as the RSIs do. I am finding that when all four of those colours are (in this bullish case) blue-green, then it counts for a lot. I suspect it would...
Thank you for your thoughts! I'll try to work with colours.
What do you mean when you say "whether there is a clear gap between the ST and LT groups (yet)"? As far as I understand, it's necessary to have that gap as trend establishes itself (and we've had this gap in my example).
  • #353
  • Feb 9, 2022 7:51pm Feb 9, 2022 7:51pm
Quoting oohoo
What would you say to this entry? {image}
1 ) first pullback
2) no LT compression
3) channel break
4) rsi agree
5 ) looks like aarround 50 50% fib retracement
Time to pull the trigger on close of candle
  • #354
  • Edited 9:18pm Feb 9, 2022 8:29pm | Edited 9:18pm
Quoting oohoo
{quote} What do you mean when you say "whether there is a clear gap between the ST and LT groups (yet)"? .
when the price action is in or very near to LT group, the ST cluster is very difficult to analyse, that is the reason why i replaced them with 10ema channel.
no LT compression means the trend is strong and investors are supporting the trend.

adding color to mas helps us to identify trend change before it happens.
Attached Image (click to enlarge)
Click to Enlarge Name: guppy flip.png Size: 28 KB

note : here in this pic i am using ST settings 3,4,5 6,7 8, 9, 10high, 10 low.
so when all mas are on one side of the chanel, the trend is strong.

in practice i only use 10 ema channel. change in color and price closing beyond ema channel is enough for me to evaluate strength of the trend.
  • #355
  • Feb 9, 2022 11:42pm Feb 9, 2022 11:42pm
Morning Guppy Traders, Entered Short on USDCAD, looks good entry as per rule imo just LT compression are concern here... Let's See

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB
Regret is Brutal
  • #356
  • Edited 12:27am Feb 10, 2022 12:07am | Edited 12:27am
Quoting oohoo
{quote} Thank you for your thoughts! I'll try to work with colours. What do you mean when you say "whether there is a clear gap between the ST and LT groups (yet)"? As far as I understand, it's necessary to have that gap as trend establishes itself (and we've had this gap in my example).
On those colours, I'm not sure how walvekarraje has them in his setup but it took me a bit of fiddling to get all of those lines to display that auto-colour-changing property. I would really encourage you to get that sorted. As I posted a few days ago, I am coming around to thinking that that quality is a core feature: "Something I'm noticing with the colour-changing MAs is that, once the lines have all changed to the same type of colour (either red/magenta or blue/green), you can almost close your eyes and press go."

Regarding the gap, rather go with walvekarraje's comment on this as I'm still trying to get my head around the subtleties.
  • #357
  • Feb 10, 2022 4:07am Feb 10, 2022 4:07am
Quoting Spudfan
{quote} On those colours, I'm not sure how walvekarraje has them in his setup but it took me a bit of fiddling to get all of those lines to display that auto-colour-changing property. I would really encourage you to get that sorted. As I posted a few days ago, I am coming around to thinking that that quality is a core feature: "Something I'm noticing with the colour-changing MAs is that, once the lines have all changed to the same type of colour (either red/magenta or blue/green), you can almost close your eyes and press go." Regarding the gap,...
These "subtleties" are doing my head in! But have a look at this chart and how the colours are so useful.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad h4.png Size: 35 KB
  • #358
  • Feb 10, 2022 8:39am Feb 10, 2022 8:39am
Quoting Spudfan
{quote} On those colours, I'm not sure how walvekarraje has them in his setup but it took me a bit of fiddling to get all of those lines to display that auto-colour-changing property..
Attached Image (click to enlarge)
Click to Enlarge Name: MA IN COLOR 2A.png Size: 6 KB
Attached Image (click to enlarge)
Click to Enlarge Name: MA IN COLOR.png Size: 6 KB
  • #359
  • Feb 10, 2022 8:42am Feb 10, 2022 8:42am
Quoting kd1
Morning Guppy Traders, Entered Short on USDCAD, looks good entry as per rule imo just LT compression are concern here... Let's See {image}
entry is right. now money management. first SL at 10 ema high........ etc etc.
  • #360
  • Feb 10, 2022 9:15am Feb 10, 2022 9:15am
Quoting kd1
Morning Guppy Traders, Entered Short on USDCAD, looks good entry as per rule imo just LT compression are concern here... Let's See {image}
Closed this trade at BE before News, thank god else I'll be drowning in water right now
Regret is Brutal
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