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  • #641
  • Aug 24, 2022 10:46am Aug 24, 2022 10:46am
Quoting Bee-Hop
Hi Rajesh, I have come across this thread recently and currently having a read to catch up to present. I have tried to setup my charts similar to yours and have downloaded all the attached template/indicators from post #155, however my charts do not look similar to yours. Can you point me in the right direction please. I have applied all (except zig-zag) to my charts - how do I get the fan EMA's? Do I need to make any edits to the RSI's for the colours etc Thank you.
here is my templete and indicators.
Attached File(s)
File Type: rar guppy.rar   77 KB | 512 downloads

  • #642
  • Aug 24, 2022 11:08am Aug 24, 2022 11:08am
everything looks good on historical charts. the challange is to identify entry candle in real time. just make sure all criteria are fullfilled. established trend, color of ema channel on entry candle, candle close beyond channel, rsi cross on the same candle and both rsi above/below fifty.
enter only if all ceiteria are fullfilled on one single candle. always wait for candle to close.
  • #643
  • Aug 24, 2022 12:11pm Aug 24, 2022 12:11pm
Quoting walvekarraje
everything looks good on historical charts. the challange is to identify entry candle in real time. just make sure all criteria are fullfilled. established trend, color of ema channel on entry candle, candle close beyond channel, rsi cross on the same candle and both rsi above/below fifty. enter only if all ceiteria are fullfilled on one single candle. always wait for candle to close.
I must find a place in the manual for that paragraph. Short and sweet and to the point!
  • #644
  • Aug 24, 2022 1:38pm Aug 24, 2022 1:38pm
Rajesh, according to my analysis there was no trade on this entire new trend that started around the 18th August. And with that 23 August pullback to the EMAs the breakout candle was too long or explosive, so I would not have traded it anyway. But I would like to know how you would have analysed this live, without hindsight.

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  • #645
  • Aug 24, 2022 2:22pm Aug 24, 2022 2:22pm
Quoting Spudfan
Rajesh, according to my analysis there was no trade on this entire new trend that started around the 18th August. And with that 23 August pullback to the EMAs the breakout candle was too long or explosive, so I would not have traded it anyway. But I would like to know how you would have analysed this live, without hindsight. {image}
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  • #646
  • Aug 24, 2022 2:34pm Aug 24, 2022 2:34pm
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even now a trade is possible in EURAUD. nice retracement to 61.8 % to the pip. just watch for our entry candle to form.
  • #647
  • Aug 25, 2022 2:41am Aug 25, 2022 2:41am
Am I doing this right? I would have entered a bit earlier but I was still asleep!

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  • #648
  • Aug 25, 2022 3:24am Aug 25, 2022 3:24am
Quoting Spudfan
Am I doing this right? I would have entered a bit earlier but I was still asleep! {image}
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FIBO should start from low of breakout candle to swing high as shown
  • #649
  • Edited 10:03pm Aug 25, 2022 3:29am | Edited 10:03pm
Quoting walvekarraje
{image} even now a trade is possible in EURAUD. nice retracement to 61.8 % to the pip. just watch for our entry candle to form.

anyone watching this .... perfect trade as anticipated....
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entry candle satisfying all criteria....1) pullback to 61.8% fib level. 2) previous support acting as resistance 3) decisive close of breakdown candle beyond channel.4) LT GUPPY well alighned signifying continuation of downtrend. 5) ema channel red in color on breakdown candle. 6) rsi 6 crossing 12 and both below 50.
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T1 reached easily..... very strong and healthy downtrend. candles closing beyond channel... T3 or T4 possible.
also note how the previous support ( blue zigzag circles) was tested repetedly and proved to be strong resisrance before the breakdown candle..

  • #650
  • Aug 25, 2022 3:38am Aug 25, 2022 3:38am
Quoting walvekarraje
{quote} {image} FIBO should start from low of breakout candle to swing high as shown
Does that apply even if I entered later?
  • #651
  • Aug 25, 2022 3:47am Aug 25, 2022 3:47am
Quoting Spudfan
{quote} Does that apply even if I entered later?
yes sir. the fibo remains the same irrespective of your entry. in downtrend , low of breakout candle to swing high. vice versa for uptrend
  • #652
  • Aug 25, 2022 9:45am Aug 25, 2022 9:45am
I wanna trade guppy moving average method as well. I am reading a book written by him. I look forward to join this thread.
Stick to a process
  • #653
  • Aug 26, 2022 6:15am Aug 26, 2022 6:15am
Quoting an7anbabu
I wanna trade guppy moving average method as well. I am reading a book written by him. I look forward to join this thread.
welcome to the group.
just to recap our entry rules for you

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here is a UC trade just identified oncharts.
1) established downtrend from 24 aug
2) strong resistance at 50% fib.... 8 candles touching it almost to the pip.
3) our entry candle marked by green vertical line. at this candle....
a) long term guppy magenta in color well allighned and spaced... downtrend
b)strong bearish candle closing decisively below ema channel.
c) ema chanel red lower line yellow upper line.... suggesting downtrend.( if upper line was also red it would have been much better.
d) rsi 6 crossing 12 from above below on the same candle
e) both rsi below 50.....
this is breakdown pullback continuation pattern on charts. perfect to go short.

Attached Image (click to enlarge)
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for target. fibo expansion drawn from low of breakout candle to swing high.
TP 1is 1.618% of fib expansion.

initial stoploss is upper line of ema channel..... can trail SL on that line value.

after TP 1 is acheived , move your SL to break even.

as long as the candles are closing outside the channel and rsi 6 is below rsi 12 the trend is strong.

if candle closes inside the channel, move your sl to the high of that candle with some buffer irrespective of your profit or loss.

if the trend remains strong, your second target can be previous swing low and/or beyond that ie. T3

Enjoy Guppy trend trading system
  • #654
  • Aug 26, 2022 6:29am Aug 26, 2022 6:29am
Hi guys,

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I believe this meets the rules, please confirm/deny.

I have left the chart unmarked so everything can be clearly seen but I will try to explain everything here.

We have a change in trend from the green dash line - downtrend.
All L/T EMAs are evenly spread.
The candle to close beyond the 10EMA channel is the entry candle.
RSI 6 and RSI 12 are below 50 level.

The fib tool is to be applied from the low of the breakout candle to the high of the recent swing high.

Have I misses anything?
  • #655
  • Aug 26, 2022 6:30am Aug 26, 2022 6:30am
Hi guys,

Attachment g
I believe this meets the rules, please confirm/deny.

I have left the chart unmarked so everything can be clearly seen but I will try to explain everything here.

We have a change in trend from the green dash line - downtrend.
All L/T EMAs are evenly spread.
The candle to close beyond the 10EMA channel is the entry candle.
RSI 6 and RSI 12 are below 50 level.

The fib tool is to be applied from the low of the breakout candle to the high of the recent swing high.

Have I misses anything?

EDIT: Just spotted it, there is no clear gap between the 10EMA channel and the L/T EMAs. No trade as rules not met.
  • #656
  • Aug 26, 2022 6:44am Aug 26, 2022 6:44am
Quoting Bee-Hop
Have I misses anything? EDIT: Just spotted it, there is no clear gap between the 10EMA channel and the L/T EMAs. No trade as rules not met.
you have not missed anything.
this is a valid entry . only the entry has to at the close of the entry candle
  • #657
  • Aug 26, 2022 6:46am Aug 26, 2022 6:46am
do not expect all trades to be in profit. just keep losses to minimum and let profits run in a strong trend.

  • #658
  • Aug 26, 2022 6:46am Aug 26, 2022 6:46am
Quoting Bee-Hop
Hi guys, {image} I believe this meets the rules, please confirm/deny. I have left the chart unmarked so everything can be clearly seen but I will try to explain everything here. We have a change in trend from the green dash line - downtrend. All L/T EMAs are evenly spread. The candle to close beyond the 10EMA channel is the entry candle. RSI 6 and RSI 12 are below 50 level. The fib tool is to be applied from the low of the breakout candle to the high of the recent swing high. Have I misses anything? EDIT: Just spotted it, there is no clear gap between...
I'm not sure about the last sentence.

Rajesh - I'm sure I have seen you say something like this before - could you comment?
The gap between the LT and 10 EMA channel took place during the initial trend. Now we are just seeing a follow through, so that lack of gap isn't a deal-breaker.
  • #659
  • Aug 26, 2022 7:07am Aug 26, 2022 7:07am
Here's a trade I took earlier today. Like Bee-Hop, I believe this meets all the rules, although as this is Friday with a big USD news item coming up shortly (Core PCE Price Index), rules or not, it might not have been advisable.

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  • #660
  • Aug 26, 2022 7:17am Aug 26, 2022 7:17am
Quoting Spudfan
{quote} I'm not sure about the last sentence. Rajesh - I'm sure I have seen you say something like this before - could you comment? The gap between the LT and 10 EMA channel took place during the initial trend. Now we are just seeing a follow through, so that lack of gap isn't a deal-breaker.
entry close to the LT group are the best trades as long as other all other critetia are fulfilled. this is true after a significant fib retracement of 61.8 or 50 %.
this is the continuation pattern we are looking for in a established trend.

you might not get so significant retracements when the trend is very strong. smaller retracements in trend are to be treated as flag trades. ( i have quoted one example above). but these entries should be early when the trend is forning.

the farther the price action moves away from the LT group, higher are the chances of it to retrace back to the LT group.

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