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Guppy Multiple Moving AverAge，GMMA

  • #1
  • First Post: Apr 29, 2007 7:14am Apr 29, 2007 7:14am
I think most of you have heard this system.
The system is consisted of 2 EMA groups.
Short term and long term.


K1:EMA(C,3),COLORBLUE;
K2:EMA(C,5) ,COLORBLUE;
K3:EMA(C,8) ,COLORBLUE;
K4:EMA(C,10) ,COLORBLUE;
K5:EMA(C,12) ,COLORBLUE;
K6:EMA(C,15) ,COLORBLUE;

K7:EMA(C,30) ,COLORYELLOW;
K8:EMA(C,35) ,COLORYELLOW;
K9:EMA(C,40) ,COLORYELLOW;
K10:EMA(C,45) ,COLORYELLOW;
K11:EMA(C,50) ,COLORYELLOW;
K12:EMA(C,60) ,COLORYELLOW;

I'm afraid that my English is too poor to relate all the system.
pls see the fig

http://bbs.fudan.edu.cn/upload/PIC/1...6100317562.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175616.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175623.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175636.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175652.jpg
  • #2
  • Apr 29, 2007 7:19am Apr 29, 2007 7:19am
Great work, the Guppy is a good tool
  • #3
  • Apr 29, 2007 9:05pm Apr 29, 2007 9:05pm
I have been using GMMA on a 1-min chart for some time now, though I have altered the system. My template has the following settings:

Short-term
3 (green)
5 (green)
8 (green)
10 (green)
12 (green)
15 (yellow)

Long-term
30 (aqua)
35 (red)
40 (red)
45 (red)
50 (red)
55 (aqua)

Trend
200 (brown, dashed)

When the two groups of MMAs part, you have an entry signal. You can tell when this has occurred by watching for a gap between the yellow and aqua EMAs.

The best entries are given when the long-term (red) group is already aligned in a perfect order behind the trend indicated by the short-term (green) group. Sloppy crosses result in sloppy trades.

There are a few of things you need to pay attention to with this implementation of guppy:

1. Avoid trading against the 200 EMA. (I don't like trading against the multi-day trend, either.)

2. Don't take shaky crosses. You want the candle to be moving above or below the greens with authority.

3. The best crosses occur at a sharp angle against the reds.

4. Do not take a cross if the reds are still pointing the other way. When the reds tighten and start to flip over, you're ok.

5. Sometimes it is better to wait for a pullback to confirm the validity of the move. When you get a candle closing at its high or low in the direction of the move, you can enter.

Here is a pictorial example. I have also attached my template.

http://img259.imageshack.us/img259/1001/1mintf0.gif
Attached File(s)
File Type: tpl guppy_basic.tpl   2 KB | 7,070 downloads
  • #4
  • Apr 30, 2007 6:43am Apr 30, 2007 6:43am
Quoting Shanghai
I think most of you have heard this system.
The system is consisted of 2 EMA groups.
Short term and long term.


K1:EMA(C,3),COLORBLUE;
K2:EMA(C,5) ,COLORBLUE;
K3:EMA(C,8) ,COLORBLUE;
K4:EMA(C,10) ,COLORBLUE;
K5:EMA(C,12) ,COLORBLUE;
K6:EMA(C,15) ,COLORBLUE;

K7:EMA(C,30) ,COLORYELLOW;
K8:EMA(C,35) ,COLORYELLOW;
K9:EMA(C,40) ,COLORYELLOW;
K10:EMA(C,45) ,COLORYELLOW;
K11:EMA(C,50) ,COLORYELLOW;
K12:EMA(C,60) ,COLORYELLOW;

I'm afraid that my English is too poor to relate all the system.
pls see the fig

http://bbs.fudan.edu.cn/upload/PIC/1...6100317562.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175616.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175623.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175636.jpg
http://bbs.fudan.edu.cn/upload/PIC/1...1003175652.jpg
Greetings a beauty! My English precisely is poorer{grow poor} than yours, but I think it will not prevent to understand to us each other!
  • #5
  • May 26, 2007 8:16pm May 26, 2007 8:16pm
I am surpised more have not attached themsevles to this system.
It gives a great visual to what the market is doing and the explaination makes it all come together.
There is at least one individual I am aware of that has perfected this to his own understanding.
Check it out. It works.
Stan
Quoting lever70
I have been using GMMA on a 1-min chart for some time now, though I have altered the system. My template has the following settings:

Short-term
3 (green)
5 (green)
8 (green)
10 (green)
12 (green)
15 (yellow)

Long-term
30 (aqua)
35 (red)
40 (red)
45 (red)
50 (red)
55 (aqua)

Trend
200 (brown, dashed)

When the two groups of MMAs part, you have an entry signal. You can tell when this has occurred by watching for a gap between the yellow and aqua EMAs.

The best entries are given when the long-term (red) group is already aligned in a perfect order behind the trend indicated by the short-term (green) group. Sloppy crosses result in sloppy trades.

There are a few of things you need to pay attention to with this implementation of guppy:

1. Avoid trading against the 200 EMA. (I don't like trading against the multi-day trend, either.)

2. Don't take shaky crosses. You want the candle to be moving above or below the greens with authority.

3. The best crosses occur at a sharp angle against the reds.

4. Do not take a cross if the reds are still pointing the other way. When the reds tighten and start to flip over, you're ok.

5. Sometimes it is better to wait for a pullback to confirm the validity of the move. When you get a candle closing at its high or low in the direction of the move, you can enter.

Here is a pictorial example. I have also attached my template.

http://img259.imageshack.us/img259/1001/1mintf0.gif
  • #6
  • May 27, 2007 8:56am May 27, 2007 8:56am
Quoting Stan
I am surpised more have not attached themsevles to this system.
It gives a great visual to what the market is doing and the explaination makes it all come together.
There is at least one individual I am aware of that has perfected this to his own understanding.
Check it out. It works.
Stan
Also, search for linuxtroll's posts for his "rainbow" method. It is basically every MA from a period of ~5 to ~250, and bands of MAs are colored like a rainbow. The spacing between each MA can vary depending on how much you want the MA ribbon to cover up the price bars; I think he used a spacing of 3 at one time, and now uses a spacing of 5. A spacing of 10 works fine as well. It creates some wild looking charts from which he has been pretty successful at scalping pips.
  • #7
  • May 27, 2007 11:19am May 27, 2007 11:19am
Quoting Stan
I am surpised more have not attached themsevles to this system.
It gives a great visual to what the market is doing and the explaination makes it all come together.
There is at least one individual I am aware of that has perfected this to his own understanding.
Check it out. It works.
Stan

Please can you answer a few questions?

1. What is your favorable pair
2. What stop loss and TP do you apply?
3. Do you trade during any specific time period?

Thanks
  • #8
  • May 30, 2007 9:33am May 30, 2007 9:33am
Quoting aelimian
Please can you answer a few questions?

1. What is your favorable pair? The one that is lined up properly.
2. What stop loss and TP do you apply? It depends on the currency
3. Do you trade during any specific time period? When the market is moving sufficiently.

Thanks
My answers are in RED next to the questions.
Not trying to be vague, but there often is not a single pat answer.
See what is best and works for you.
Stan
  • #9
  • May 30, 2007 9:48am May 30, 2007 9:48am
Here is a template that puts the rainbow on your chart.

very sexxy
Attached File(s)
File Type: tpl CryoxMMA.tpl   10 KB | 4,397 downloads
  • #10
  • May 30, 2007 7:30pm May 30, 2007 7:30pm
Quoting Stan
My answers are in RED next to the questions.
Not trying to be vague, but there often is not a single pat answer.
See what is best and works for you.
Stan
Thank you for the answer. Could you answer with respect to GBPUSD?
  • #11
  • May 30, 2007 8:14pm May 30, 2007 8:14pm
Quoting aelimian
Thank you for the answer. Could you answer with respect to GBPUSD?
Originally Posted by aelimian http://www.forexfactory.com/images/buttons/viewpost.gif
Please can you answer a few questions?

1. What is your favorable pair? The one that is lined up properly.
2. What stop loss and TP do you apply? It depends on the currency
3. Do you trade during any specific time period? When the market is moving sufficiently.


GBP/USD is a good one to trade with this system.
Question #2 What stop loss and TP do you apply?
Answer: Depends on the time frame you are trading. I like the 1 min. You can do shorter or longer, and the TP would adjust accordingly. Take your time, and do not get in a hurry and study different time frames and see which one is to your liking.
For the 1 min. I can usually expect 3 - 10 pips (multiple lots)

Question #3Do you trade during any specific time period?
The best time period I have found is usually the Europen and the London open through to the US open.
I have done my best trading the first 3-4 hours after the London open.

Study the movements.
  • #12
  • May 31, 2007 12:17am May 31, 2007 12:17am
Quoting Stan
Originally Posted by aelimian http://www.forexfactory.com/images/buttons/viewpost.gif
Please can you answer a few questions?

1. What is your favorable pair? The one that is lined up properly.
2. What stop loss and TP do you apply? It depends on the currency
3. Do you trade during any specific time period? When the market is moving sufficiently.


GBP/USD is a good one to trade with this system.
Question #2 What stop loss and TP do you apply?
Answer: Depends on the time frame you are trading. I like the 1 min. You can do shorter or longer, and the TP would adjust accordingly. Take your time, and do not get in a hurry and study different time frames and see which one is to your liking.
For the 1 min. I can usually expect 3 - 10 pips (multiple lots)

Question #3Do you trade during any specific time period?
The best time period I have found is usually the Europen and the London open through to the US open.
I have done my best trading the first 3-4 hours after the London open.

Study the movements.
Great advice, I am of similar mind when trading this system. Proper "jaw" openings, supporteed by the reds and without the 200 EMA in the way, can yield 20+ pips on GBPUSD. That is my preferred pair to trade.
  • #13
  • May 31, 2007 12:57am May 31, 2007 12:57am
Quoting lever70
Great advice, I am of similar mind when trading this system. Proper "jaw" openings, supporteed by the reds and without the 200 EMA in the way, can yield 20+ pips on GBPUSD. That is my preferred pair to trade.
It is very good indeed with proper patience and discpline.
  • #14
  • May 31, 2007 12:30pm May 31, 2007 12:30pm
Quoting Shanghai
I think most of you have heard this system.
The system is consisted of 2 EMA groups.
Short term and long term.
Thank you for your post and WELCOME!
I had heard of Guppy trading but didn't
really know much about it. Now, after
starting to give it a good look, it seems
like it's very useful!

Also: This is a great place to practice your
English. Don't worry about making mistakes.
(I taught English in Asia for a few years
awhile ago.)


FXS
  • #15
  • May 31, 2007 2:00pm May 31, 2007 2:00pm
i believe this system works best on fast moving pair like GBPUSD or any yen pair... Am i right or wrong ?

It seems pretty interesting and quite simple to use
  • #16
  • May 31, 2007 2:42pm May 31, 2007 2:42pm
Quoting melpheos
i believe this system works best on fast moving pair like GBPUSD or any yen pair... Am i right or wrong ?

It seems pretty interesting and quite simple to use
You are right, sir. Or ma'am. Wouldn't want to offend.
  • #17
  • May 31, 2007 5:01pm May 31, 2007 5:01pm
Quoting lever70
I have been using GMMA on a 1-min chart for some time now, though I have altered the system. My template has the following settings:

Short-term
3 (green)
5 (green)
8 (green)
10 (green)
12 (green)
15 (yellow)

Long-term
30 (aqua)
35 (red)
40 (red)
45 (red)
50 (red)
55 (aqua)

Trend
200 (brown, dashed)

When the two groups of MMAs part, you have an entry signal. You can tell when this has occurred by watching for a gap between the yellow and aqua EMAs.

The best entries are given when the long-term (red) group is already aligned in a perfect order behind the trend indicated by the short-term (green) group. Sloppy crosses result in sloppy trades.

There are a few of things you need to pay attention to with this implementation of guppy:

1. Avoid trading against the 200 EMA. (I don't like trading against the multi-day trend, either.)

2. Don't take shaky crosses. You want the candle to be moving above or below the greens with authority.

3. The best crosses occur at a sharp angle against the reds.

4. Do not take a cross if the reds are still pointing the other way. When the reds tighten and start to flip over, you're ok.

5. Sometimes it is better to wait for a pullback to confirm the validity of the move. When you get a candle closing at its high or low in the direction of the move, you can enter.

Here is a pictorial example. I have also attached my template.

http://img259.imageshack.us/img259/1001/1mintf0.gif
I also use GMMA in combination of trendline + Fiboretracement.
If the market is trending this method works best but in current market conditions (ranging) it gives (and giving) too many wrong signals.

I use 4H timeframe and in the current market conditions it's not working perfectly as it was in trending markets.

How exactly do you define your entry and exits?

Thanks
DL
  • #18
  • May 31, 2007 5:27pm May 31, 2007 5:27pm
In my original post, I think I was pretty clear on the conditions that warrant an entry. I look for a gap between the two groups. No twisty averages, no 200 EMA in the way. Just a clean parting of the two groups and I am in. I also like it when the movement is in the direction of the hourly trend (see my Cornflower thread).

As far as exits go, I use S/R and daily pip targets in accordance with my own MM system. A doji or wicked candle completely floating above or below the 3 EMA is a good place to take profit if you are trading short-term.
  • #19
  • Jun 1, 2007 2:38am Jun 1, 2007 2:38am
Hello All!
This thread has really got me interested in the possibilities
with using GMMA. On a related thread (link to post below)
Daryl Guppy's book "Trend Trading" was recommended.
I was surprised to find many other titles of his online as well.
I thought that I owned about every book on trading
or had at least heard of most! I'm glad to have discovered
this!
Has anyone read this or other titles? Felicia?

THANKS!

FXS

http://www.forexfactory.com/showpost...00&postcount=5
  • #20
  • Jun 1, 2007 5:40am Jun 1, 2007 5:40am
FXS,

I read Guppy's Trend Trading. I try my best to answer any questions you have.

Thx
DL
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