{quote} the place where you have drawn the arrows , there is no short entry ( as all mmas never turn red) only possible entry is long ( as all mmas are blue)
Guppy's Multi-Moving Average (GMMA)
new guppy template and indicators. {image} 1) all the rule of guppy trading system apply. 2) i recommend using this templete on M30 and above . anyone wishing to trade lower timeframes please change the ma in color indicator setting from M30 to 0. 3) i see this chart without any candelsticks. if you want candelsticks click on the candlestick button on chart (Alt+2) click on APB button see average price bars. 4) entry rule is simple. ema100>ema>150>ema 200 go long if all mas turn blue. opposite for short. first pullback and continuation pattern is...
At the time of entry (i.e. when the breakout candle has closed beyond the 10 EMA channel):
1) All L/T EMAs must be evenly spread. This is the first criterion. if this is not fulfilled there is no
trade.
2) The first candle to close beyond the 10 EMA channel is the entry candle. if this is not fulfilled
(e.g. the candle closes inside the channel) we consider it as a consolidation, hence no trade.
3) RSI 6 should have crossed below RSI 12, and both should be below 50% (for a sell trade).
4) Supportive criteria but not mandatory: trend line break, flag formation, fib retracement less
than 50.
- #804
- Edited 12:38pm Mar 13, 2023 12:11pm | Edited 12:38pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} after read you instruction
for convinience i have changed color of LT guppies (20 to 50 ema) to lime green.
"1) All L/T EMAs must be evenly spread. This is the first criterion. if this is not fulfilled there is no
trade."
do you see all theLT ( lime green) emas evenly spread ? yes....
"2) The first candle to close beyond the 10 EMA channel is the entry candle. if this is not fulfilled
(e.g. the candle closes inside the channel) we consider it as a consolidation, hence no trade"
instead of the channel we use all mmas turning blue at close of the candle.
even if you apply the channel, the result might be the same.
"3) RSI 6 should have crossed below RSI 12, and both should be below 50% (for a sell trade)."
no. in this templete i dont use rsi because if you apply rsi the result might be the same.
also change in color of all mmas identifies continuation pattern at an earlier candle than the rsi crossover or the 10 ema channel break.
"4) Supportive criteria but not mandatory: trend line break, flag formation, fib retracement less
than 50."
do you see the trendline break and retracement less than 50? yes.....
so your long entry candle is defined and all these criteria are fulfilled on one single entry candle...
i have removed the rsi and channel because they dont make a significant diffrence in the setup and the charts are clean to analise.
the first candle after the entry candle retests the trendline support confirming our long bias.
the daily candle is bullish again confirming our long bias...
- #807
- Mar 14, 2023 1:05am Mar 14, 2023 1:05am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} as you meation before, for those big break candle, it is better entry in 38.2%or 50% of this break candle after closed. I highnight 2 example, please correct me. Thanks. because this big canlde in one hour it would be 40-60 pips. normally after close, always pullback. {image}
- #808
- Mar 28, 2023 10:53am Mar 28, 2023 10:53am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
hope all are doing well....
to refresh this thread ....
todays trades in progress....
to refresh this thread ....
todays trades in progress....
- #809
- Mar 28, 2023 11:54am Mar 28, 2023 11:54am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
GBPUSD is in uptrend in daily chart . so SL at low of daily candle and TP at previous high.
- #810
- Mar 28, 2023 11:56am Mar 28, 2023 11:56am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
USDCAD is pulling back on daily chart....
so TP at 50% fib reteacement. 
so TP at 50% fib reteacement.
- #811
- Mar 28, 2023 1:57pm Mar 28, 2023 1:57pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
GBPUSD is in pullback in uptrend.
time to trail the SL.
Question ? 1) do i trail it to the low of my entry candle ? ... means my trade will be at loss...(horizontal yellow line)
2) do i trail it at the low of the low of the second bullish candle after my entry candle ?.... means my capital is preserved and i end up with a minor profit....(white horizontal line)
for me it is simple ..... minor profit is much much better than loss....
so shifting mt SL to white line.....
time to trail the SL.
Question ? 1) do i trail it to the low of my entry candle ? ... means my trade will be at loss...(horizontal yellow line)
2) do i trail it at the low of the low of the second bullish candle after my entry candle ?.... means my capital is preserved and i end up with a minor profit....(white horizontal line)
for me it is simple ..... minor profit is much much better than loss....
so shifting mt SL to white line.....
- #812
- Mar 28, 2023 2:02pm Mar 28, 2023 2:02pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
USDCAD is going my way...
- #813
- Mar 28, 2023 2:22pm Mar 28, 2023 2:22pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
trailing SL on USD CAD in profit.
- #814
- Mar 28, 2023 3:17pm Mar 28, 2023 3:17pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
shifted trailing SL in GBPUSD to profit.
shifted trailing SL in GBPUSD to profit. {image}
as your snapshot.,TP is 1.24460, can I know what's the reason you set this target to TP? current the highest price is 1.24225, at now it is 1.2328 that is closed your buy order price 1.2320 if you are still holding, but I think you already TP.
{image} USDCAD is going my way...
Hope you are doing well.
I have 3 question to query, hope you can help me. Thanks.1.in this case USDCAD in dailly chart, it is pullback to 3 big EMA 100,150,200, my understand it is pullback and once the price is stop, I will try to entry.
2.but this price is still going down , in daily chart EMA is uptrend,so I think I should wait for price is stop, So I confuse, in daily chart is uptend I should wait, but switch to TF 30M, it is going down,in M30 I can follow your rules to entry once pulllback as your snapshot. the other 2 Rectangular box is same situation.
3.in red Rectangular box the price is cross over 3 big EMA, how can I handle this, also in other TF, i meet same situation, so I really confuse, High TF is uptrend baseed on EMA direction, but low TF is down trend. I do not know which one I should follow.
your help are appreciated.
- #818
- Apr 20, 2023 11:01am Apr 20, 2023 11:01am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi Dr. walvekarraje Hope you are doing well.
1)unfortunately no one can predict when the pullback will stop and the uptrend continues.
your entry on any timeframe must be when all the emas become blue (for long entry)
in your diagram many emas are still red including the 100 ema. so just wait for all emas to turn blue and APB candle is lime at close.
2) Same is true for 30 min chart. just wait till all emas turn blue and lime apb candle close above emas.
- #819
- May 8, 2023 10:02am May 8, 2023 10:02am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
EURUSD short today on M30 Chart
USDCAD counter trend trade om M30 Chart
entry candles marked with vertical line
USDCAD counter trend trade om M30 Chart
entry candles marked with vertical line
- #820
- May 8, 2023 7:30pm May 8, 2023 7:30pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
EURUSD trade worked out well. after my entry there was a minor pullback and then the trend continued down . TP1 acheived. now trailing SL to swing high... 
the other trade is still in play. waiting for TP1
the other trade is still in play. waiting for TP1