Guppy's Multi-Moving Average (GMMA)

Quoting swaziboy

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Hi Dr. Walvekar, I am attaching an indicator similar to what you were looking for in the "I will code your EAs and Indicators for no charge" thread. It is free, and I find it extremely useful. I am sure it will more than meet your requirements and has the added advantage of a multi time frame dashboard. Enjoy! {image} {file}

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Quoting walvekarraje

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update of usdcad trade.... as it was a counter trend trade , i exited my long position (with a descent profit) and entered a short trade with SL at swing high and target at swing low..... {image}

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Quoting walvekarraje

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{quote} i think your vertical line on H4, the lower mmas are blue. it is the next H4 candle when they all turn red. so your H1 vertical line is obviously 4-8 candles prior to the actual entry candle. otherwise your analysis is correct. confirm trend on H4. scale down to H! chart, wait for a pullback and continuation pattern on H1. if H4 is in downtrend, on H1 wait for few lower mmas to turn blue and again red. 1) in this case also make sure the daily candle is bearish 2) H4 price action should not be too far away from 50-100-200...

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Quoting walvekarraje

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{quote} Look at that !!!! {image} feels sooooo good to be on the right side of the trade

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Quoting reaganchen

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{quote} Dr walvekarraje， seems ems50 is not highlight like ems 100—150—200，thanks

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Quoting reaganchen

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{quote}3.better first pullback to emm 50 to entry

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Quoting walvekarraje

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{quote} {image} one type of entry is when all ema change color as marked with arrow in above pic. this is actually at the begining of new trend . the draw back is the stoploss is quite big. ( if you consider the swing high/low for stoploss). i usually place my stoploss at the hihg/low of the entry candle with some buffer.

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Quoting walvekarraje

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second type of entry is after all emas have changed color( red in the pic) and one/few candles close inside the guppys. the candle that closes outside the guppy and all guppys again change color ( all red again) here the SL is at the swing high/low{image}

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Quoting walvekarraje

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{quote} here the candle never closed outside the red guppy, but it gave a long entry at the very next candle.... and a phenomenal breakout {image}

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Quoting reaganchen

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{quote} Dr. Walvekarraje, Thank you for you post and update. in one snapshot you post, can I entry as I highlight, but seem I would take SL as well {image}

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Quoting walvekarraje

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{quote} dear friend i suggest you to try demo account.

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