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Guppy's Multi-Moving Average (GMMA)

  • #721
  • Edited 10:23am Oct 4, 2022 10:06am | Edited 10:23am
fresh entry

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9) entry candle has no upper or lower wick. strong bearish momentum.
very safe entry, most criteria of technical analysis satisfied. i can just book profit and go to sleep

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fibo targets set. SL to high of candle.
Plan the trade and Trade the plan

  • #722
  • Oct 4, 2022 11:06am Oct 4, 2022 11:06am
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my trailing SL is now in profit. so zero risk trade. momentum is strong( following candle has no wicks) . hopefully TP1 will be hit.
  • #723
  • Oct 4, 2022 11:10am Oct 4, 2022 11:10am
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momentum so strong, TP1 hit as i was typing my post
  • #724
  • Edited 12:53pm Oct 4, 2022 12:33pm | Edited 12:53pm
Quoting walvekarraje
A few suggestions. 1) keep a watch on daily candle ( it got deleted from my charts, but i have inserted it again). trade in the direction of daily candle. 2) introduction of rsi 50 helps a lot to identify change in trend much before the LT guppies are formed. if you can enter a trade early in the trend, profits are bigger. 3) introduction of D1 zigzag also helps.(magenta/lime circles are D1 zigzag. red/blue are H1). when D1 zigzag is printed on the chart and rsi 50 changes color, expect a reversal of trend. {image} in the chart above a sell stop...
"in the chart above a sell stop order can be placed at the lower channel."

1) sorry to be quoting my own post, but i did exactly the same.
a basic knowledge of technical analysis is a must before you follow any system/strategy.
basic knowledge of trendline, flags, fibo retracements is a must.

2) trade the time frame, not the instrument....
if you see the UC chart now, in higher time frame it is in uptrend.

3) once in trade you have to monitor it closely. trade one instrument only, give justice to one trade.

4) trail SL and try to get it to BE or minimal profit as early as possible. trade with minimal 2 lots. target of lot 1 is equal to your SL.

5) follow the LT GUPPY. this is the core of the strategy. 10 ema channel will give you exact entry. fibo targets defined.

what else ?

  • #725
  • Oct 4, 2022 1:07pm Oct 4, 2022 1:07pm
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trailin SL

  • #726
  • Oct 4, 2022 2:00pm Oct 4, 2022 2:00pm
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T2 hit.

  • #727
  • Oct 4, 2022 2:24pm Oct 4, 2022 2:24pm
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note the price action. how it reacts to the fibo expansion.
  • #728
  • Oct 4, 2022 2:32pm Oct 4, 2022 2:32pm
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trailing the SL to T!
  • #729
  • Oct 19, 2022 1:56am Oct 19, 2022 1:56am
walvekarraje,
do you ever have losing trades?
I wonder because I do get burned too often even on trades, which follow rules, like this one (long entry marked)
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  • #730
  • Edited 7:35am Oct 19, 2022 4:21am | Edited 7:35am
Here's another adaptation of the GMMAs to think about. I have used an EMA crossover indicator to paint arrows on the chart just to make it quicker or easier to see the long-term EMA crossover point.

The Stochastics are set to 5,3,3. You need to be aware that using the stochastics as if they predict the future or have some kind of magic in them can lead to losses. In this example they are useful just to enter at a pullback after the GMMAs have crossed over and settled down again. Otherwise, remove them, or minimise them so they don't tempt you.

This pattern of crossover, new trend, pullback is, of course, nothing new as it lies at the heart of the Walvekar method. This is just a variation on that theme. The pattern does repeat itself over and over, so if this is all you trade you should do well.

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  • #731
  • Oct 19, 2022 4:24am Oct 19, 2022 4:24am
Quoting Spudfan
Here's another adaptation of the GMMAs to think about. I have used an EMA crossover indicator to paint arrows on the chart just to make it quicker or easier to see the long-term EMA crossover point. The Stochastics are set to 5,3,3. You need to be aware that using the stochastics as if they predict the future or have some kind of magic in them can lead to losses. In this example they are useful just to enter at a pullback after the GMMAs have crossed over and settled down again. Otherwise, remove them, or minimise them so they don't tempt you. This...
Here's another example.

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  • #732
  • Oct 19, 2022 4:32am Oct 19, 2022 4:32am
And to show that life's not perfect ...

Here is a more messy one - three attempts before price takes off. But, if we had placed our stop loss as shown, in fact we would have survived the extended pullback.

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  • #733
  • Oct 20, 2022 3:06am Oct 20, 2022 3:06am
I placed this trade this morning, buy stop order at the tip of the pinbar. The tail of the PB pulled right back into the long-term EMAs, so even though the stochastics didn't go fully into oversold territory I placed the order anyway. If price had continued retracing my order would (hopefully) have remained untouched, but it has started moving in my direction, so now I'm in.

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  • #734
  • Oct 20, 2022 6:12am Oct 20, 2022 6:12am
Quoting Spudfan
I placed this trade this morning, buy stop order at the tip of the pinbar. The tail of the PB pulled right back into the long-term EMAs, so even though the stochastics didn't go fully into oversold territory I placed the order anyway. If price had continued retracing my order would (hopefully) have remained untouched, but it has started moving in my direction, so now I'm in. {image}
Well this is interesting. Here's the above trade with a Walvekar method template on the chart. It follows the rules almost perfectly.

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  • #735
  • Edited 9:44am Oct 20, 2022 9:27am | Edited 9:44am
Here's a gift - a very useful indicator. It gives a snapshot of trend behaviour across whichever timeframe you ask it to show. It also provides a dashboard so you can look at any pairs you ask for all displayed in one window on any chart. Don't load the dashboard option on all charts because it starts slowing things down and eventually it freezes.

The indicator uses 3 MAs and when those three are aligned the indicator shows green or red for that timeframe, or if they are not yet aligned, it shows grey. You can use whatever periods you want, eg 200/100/50 or in the example here I used 60/21/8 EMA, which is a lot faster.

So should I have gone long with this trade?
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What about this one?
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Have fun!
Attached File(s)
File Type: ex4 OGT Trend Dashboard v1.2.ex4   61 KB | 387 downloads
  • #736
  • Oct 21, 2022 7:41am Oct 21, 2022 7:41am
Quoting oohoo
walvekarraje, do you ever have losing trades? I wonder because I do get burned too often even on trades, which follow rules, like this one (long entry marked) {image}
off course i loose.
only i try to keep my losses minimum.
one way to do this is to keep your initial stoploss at the high of the entry candle in a short trade and low of the entry candle in the long trade.
if you observe the charts, you will see that in a good trend, these levels are never breached. if these levels are broken then it is not a healthy trend to begin with.

secondly if you find that the momentum in the trend is weak, bring your SL to BE as early as possible.
all candles closing outside the channel suggests a strong and healthy trend. if candle closes inside the channel, move your SL to high/low of that candle, irrespective of profit or loss.
rsi crossing in opposite direction is also a indication to exit the trade.


a hope trade is always a hopeless trade. dont expect or anticipate the trend to follow your direction.

  • #737
  • Oct 23, 2022 3:58am Oct 23, 2022 3:58am
Quoting Spudfan
Here's a gift - a very useful indicator. It gives a snapshot of trend behaviour across whichever timeframe you ask it to show. It also provides a dashboard so you can look at any pairs you ask for all displayed in one window on any chart. Don't load the dashboard option on all charts because it starts slowing things down and eventually it freezes. The indicator uses 3 MAs and when those three are aligned the indicator shows green or red for that timeframe, or if they are not yet aligned, it shows grey. You can use whatever periods you want, eg 200/100/50...
Out of respect for the person who made this indicator I should have mentioned that OGT stands for One Glance Trader and the person behind it has produced some excellent free indicators and EAs. I don't know him at all, but it seems his main presence is either here in Forex Factory (zoheb01) or here: https://www.youtube.com/playlist?lis...qot09_55-Mo-pz.
  • #738
  • Oct 24, 2022 9:05am Oct 24, 2022 9:05am
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First trade in some time which I believe meets the rules.

Does anyone else find very few trades using this method on the H4 or is it just me?
  • #739
  • Oct 24, 2022 9:34am Oct 24, 2022 9:34am
Quoting Bee-Hop
{image} First trade in some time which I believe meets the rules. Does anyone else find very few trades using this method on the H4 or is it just me?
It's not just you. This method seems to work optimally on H1, perhaps even lower, purely because of the frequency thing. I trade on H4, which is partly why I have not fully adopted the Walvekar method and have kept playing with variations on that theme.
  • #740
  • Oct 24, 2022 10:52am Oct 24, 2022 10:52am
Quoting Bee-Hop
First trade in some time which I believe meets the rules. Does anyone else find very few trades using this method on the H4 or is it just me?
1) "First trade in some time which I believe meets the rules. "
this uptrend appears to be exausted. the LT guppy have become flat and horizontal.
recommendation is to trade the first or second pullback. these trades have low risk, high reward. here usually the momentum is strong.

2) your entry is also at a very strong resistance ( white arrows)

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i suggest you keep a tight stoploss. or move your stoploss near to breakeven as early as possible

i may be wrong in my analysis. but watch your trade carefully
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