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Guppy's Multi-Moving Average (GMMA)

  • #401
  • Feb 16, 2022 5:26am Feb 16, 2022 5:26am
Quoting Spudfan
{quote} I think it would be helpful to us all if walvekarraje could comment.
the indian markets have been extremly volatile last week with gap ups and gap down openings, more than 3% moves in either direction. 500 points on either side nifty moment is impossible for anyone to trade.
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  • #402
  • Feb 16, 2022 5:35am Feb 16, 2022 5:35am
i got only one trade meeting all criteria

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my T1 was easy. the price did not teach T2
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now note that the rsi 6 was below 20 and next bullish candle the rsi 6 touched rsi 12. so as per our rules,
at the close of that candle i trailed my SL from BE to that candle high, which got triggred.


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Plan the Trade and then Trade the Plan
  • #403
  • Feb 16, 2022 5:43am Feb 16, 2022 5:43am
Quoting walvekarraje
i got only one trade meeting all criteria {image} my T1 was easy. the price did not teach T2{image} now note that the rsi 6 was below 20 and next bullish candle the rsi 6 touched rsi 12. so as per our rules, at the close of that candle i trailed my SL from BE to that candle high, which got triggred. {image} Plan the Trade and then Trade the Plan
Nicely done!

So if I'm reading your chart and text correctly, you took partial profit at T1 and then moved your stop to the opposite end of the green candle, which stopped you out almost immediately with most of that profit still intact?
  • #404
  • Feb 16, 2022 6:04am Feb 16, 2022 6:04am
Quoting Spudfan
{quote} Nicely done! So if I'm reading your chart and text correctly, you took partial profit at T1 and then moved your stop to the opposite end of the green candle, which stopped you out almost immediately with most of that profit still intact?
yes sir. whenever rsi 6 goes above 80 or below 20, it is extremly overbought or oversold instrument. most likely the price will pullback. it does not mean change of trend and trend might conrinue after some degree of pullback. but it is better to take profits and find another setup.


if you see the chart , todays last candle also satisfies our criteria.also the next support is significantly low. but with present volatility, i will wait for tomorrow for market to open.

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  • #405
  • Feb 16, 2022 6:53am Feb 16, 2022 6:53am
How does this possible trade look? Does it meet the criteria and not have any other issues anyone can see? PA is below the daily lines, so it's with the higher time-frame trend (or at least not against it). The RSIs are also correct.

I see I used my fixed-colour template for this. Sorry, should have changed it to the standard version.

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  • #406
  • Feb 16, 2022 7:08am Feb 16, 2022 7:08am
Quoting Spudfan
How does this possible trade look? Does it meet the criteria and not have any other issues anyone can see? PA is below the daily lines, so it's with the higher time-frame trend (or at least not against it). The RSIs are also correct. I see I used my fixed-colour template for this. Sorry, should have changed it to the standard version. {image}
Shouldn't LT EMAs be spread? It could be a good trade, but not according to our current rules.
  • #407
  • Feb 16, 2022 7:09am Feb 16, 2022 7:09am
Any idea why this was a bad long entry?
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  • #408
  • Feb 16, 2022 7:19am Feb 16, 2022 7:19am
Quoting oohoo
{quote} Shouldn't LT EMAs be spread? It could be a good trade, but not according to our current rules.
absolutely right. more than that there are few blue emas above 60 ema. so trend is not yet formed.
  • #409
  • Feb 16, 2022 7:27am Feb 16, 2022 7:27am
Quoting oohoo
Any idea why this was a bad long entry? {image}
possibaly.....
1) the entry candle is not a bullish candle closing above the ema.
2) ideally both rsi should cross from below 50 above and eachother on the same candle to indicate a continuation pattern.

i really dont know how the forex market works but before trading any instrument i check the index and the sector of the instrument. they should be in the same trend .
  • #410
  • Feb 16, 2022 9:08am Feb 16, 2022 9:08am
Quoting Spudfan
I have zoomed out to show the chart pattern. {image}
" I have zoomed out to show the chart pattern."

never zoom in or out.
these are the settings i use .
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click the + lens till it becomes grey
click the - lens twice
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this is the chart settings. the more you zoom it or out.... more confusion.
  • #411
  • Feb 16, 2022 9:18am Feb 16, 2022 9:18am
this is the daily chart of the instrument i traded and quoted above
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very very high probablity trade
index and sector in downtrend.
fibo, rsi, channels on H1 chart .....
easy trade
  • #412
  • Feb 16, 2022 11:29am Feb 16, 2022 11:29am
Quoting oohoo
Any idea why this was a bad long entry? {image}
hi oohoo,
i see that you are trading H1 chart.
what is your daily trading time in hrs ?
in india it is 6 hrs....
in forex .... i dont know...
rsi settings will change accordingly.

please let me know
  • #413
  • Feb 17, 2022 12:46am Feb 17, 2022 12:46am
Quoting walvekarraje
{quote} hi oohoo, i see that you are trading H1 chart. what is your daily trading time in hrs ? in india it is 6 hrs.... in forex .... i dont know... rsi settings will change accordingly. please let me know
Hi walvekarraje, forex markets are open 24 hours per day for 5 days a week (less a few minutes at the daily close for admin purposes). Of course there are busy sessions and quiet sessions. We have three main sessions, usually named London, New York and Tokyo sessions. The busiest time is the London/New York overlap.
  • #414
  • Feb 17, 2022 1:27am Feb 17, 2022 1:27am
Quoting Spudfan
{quote} Hi walvekarraje, forex markets are open 24 hours per day for 5 days a week (less a few minutes at the daily close for admin purposes). Of course there are busy sessions and quiet sessions. We have three main sessions, usually named London, New York and Tokyo sessions. The busiest time is the London/New York overlap.
Interesting point, brought up by Rajesh for the second time already.
I'm not sure that changing RSI to 24 and 48 on 1h to accommodate for 1d and 2 days would be right, because RSI gets very "heavy" this way. 6-8 for a short RSI and 12-16 for long could be OK on 1h, because 6-8 hours is how long a session lasts. But if you're trading, say at 12 a.m. European time, what would a 6 RSI show - 3 hours of the beginning of European session and 3 hours of the late Asian session - what exactly is it showing?
So it's not that easy.

But if you stick to 4h, than 6 and 12 RSIs perfectly coincide with 1 day and 2 days.
  • #415
  • Edited 7:01am Feb 17, 2022 5:48am | Edited 7:01am
I Know there might be a pullback on this one too but thats fine
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Regret is Brutal
  • #416
  • Feb 17, 2022 11:45am Feb 17, 2022 11:45am
Quoting walvekarraje
I started trading GUPPY MMA method after reading this thread itself. over a period of time i made few modifications to suit my trading personality. especially the entry and exits. By profession i am a cancer surgeon, so cant spend too much time on screen. i cannot use EA as no broker in india allow thading via MT4 platform. Here is my chart and templete with all indicators. {image}{file}{file}{file}{file}{file} {file} {file} {file}
Dear Rajesh!
I have to move to mt5 with my new brocker. Have you the same set of your beautiful MAs in color for mt5?
or
May I ask you about parameters MAType and MAApliedPrice for getting the same in a set of standard MA in mt5?
Thank you for your work!
Just an opinion. Based on research
  • #417
  • Feb 18, 2022 12:40am Feb 18, 2022 12:40am
Quoting since80808
{quote} Dear Rajesh! I have to move to mt5 with my new brocker. Have you the same set of your beautiful MAs in color for mt5? or May I ask you about parameters MAType and MAApliedPrice for getting the same in a set of standard MA in mt5? Thank you for your work!
There are (relatively) easy ways of converting an MT4 indicator into an MT5 indicator. Google knows how. This might be your best way forward.
  • #418
  • Feb 18, 2022 3:32am Feb 18, 2022 3:32am
Hello Rajesh!
How do you treat this kind of situations? When LT EMAs started to shrink, but then expand again.
Do you wait for a new expansion of LT EMAs and new space to emerge between LT and ST EMAs?
Or do you treat it as a continuation of the previous trend, which makes it possible to enter on usual rules (EMA channel, RSIs, Fibo).
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  • #419
  • Edited 6:34am Feb 18, 2022 6:17am | Edited 6:34am
Quoting oohoo
{quote} But if you stick to 4h, than 6 and 12 RSIs perfectly coincide with 1 day and 2 days.
Agreed

but for H1 chart, i suggest to add rsi 24 to 6 and 12. checkout on your charts. it might save few loosing trades.
this is just a suggestion as i cant check it in my system.
  • #420
  • Feb 18, 2022 6:20am Feb 18, 2022 6:20am
Quoting since80808
{quote} Dear Rajesh! I have to move to mt5 with my new brocker. Have you the same set of your beautiful MAs in color for mt5? or May I ask you about parameters MAType and MAApliedPrice for getting the same in a set of standard MA in mt5? Thank you for your work!
sorry. i dont have these in mt5

the long term guppy set is 30,35,40,45,50,55,60.....EMA applied to close
the channel is 10 EMA set to high and low
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