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Guppy re-invented

  • #61
  • Jun 9, 2024 9:36pm Jun 9, 2024 9:36pm
This is h4 chart of AUDCAD. It is in downtrend but the last APB candle shows a consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad h4.png Size: 43 KB


on H1 see the pullback inside the guppies.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H1.png Size: 40 KB


now we wait for gann "trend reversal sell" alert on H1 chart, wait for the candle to close. take a short trade at the close of the candle. stoploss will be swing high on H1 chart and first target R:R 1:1. i trade with 2 lots so if my first target is acheived,i can move to H4 chart for second lot and trailing my stoploss to BE.
hope you understand.

i am working for next 8 hours so i wont be able to take this trade.

check if our charts look the same and tane a trade in demo account.
  • #62
  • Jun 10, 2024 10:19am Jun 10, 2024 10:19am
A follow up of todays recommendation about AUDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD H1.png Size: 42 KB

H1 never gave a sell signal. thats good as we did not enter a wrong short trade. sometimes no trade is a good trade as you dont loose your capital.

but look at the h4 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD H4 A.png Size: 43 KB

the sub window indicators are turning lime. so the down trend in H4 is getting exhausted. that means our setup is invalidated and we will no longer be going short.

since80808
https://www.forexfactory.com/thread/...8#post14894498
understand that over bought and oversold zones are only for RSIOMA (which is an oscillator) and will never repaint. GANN in subwindow is not an oscillator ( i have modified it to print in sub window to prevent cluttering of main chart) and will change its position if you scroll the chart back.

also note that the H1 cahrt had given us a buy signal in the morning according to our trend reversal entry rules mentioned in guidelines document and could have generated good profit also.

the rules are :

1) TREND REVERSAL ENTRY: “Identify trend reversals at the earliest.”
Specific criteria and rules for this. All criteria need to be fulfilled to enter the trade.
These are risky trades and should be traded with strict stoploss.
1) RSIOMA AND GANN BOTH must be in overbought zone (above 80) to go short and oversold zone (below 20) to go long.
2) GANN trend reversal alert with vertical line on chart.
3) On the alert candle the RSIOMAS should cross the 80/20 line.
4) Red RSIOMA should be below Magenta for sell and blue above lime for buy trade.
5) The RSIOMA and GANN lines should form a picture like open scissors on the entry candle.

let us understand the system first. it will take time . i took more than 5 years to develop it. give me atleast a couple of weeks to explain.

  • #63
  • Jun 10, 2024 10:25am Jun 10, 2024 10:25am
today no other H4 charts were worth taking any trades.

please feel free to post your live charts and trades/questions related to this system.
lets us have a good discussion.

Let us " Plan the Trade and then Trade the Plan"
  • #64
  • Jun 10, 2024 11:00am Jun 10, 2024 11:00am
Please take your time in sharing this system. We are not in a hurry. Best is when a setup happens and trade is taken, then it will start making sense.
  • #65
  • Jun 10, 2024 12:24pm Jun 10, 2024 12:24pm
Look at this chart. USDJPY H4
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.png Size: 43 KB


Uptrend on H4. consolidation of 2 candles.

on H1:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1.png Size: 46 KB


1)Flag, candle close above flag
2)APB bullish candle ( lime with no lower wick)
3) Gann vertical line alert.
4) trand envelope "PBC BUY" alert.

go long with 2 lots. (one entry was triggred, second pending)

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1.png Size: 46 KB


SL for both entries placed at swing low. target for one placed.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1 a.png Size: 45 KB


either both SL will hit or one target will be acheived.

trade is according to the plan.
  • #66
  • Jun 10, 2024 12:31pm Jun 10, 2024 12:31pm
both entries triggered.
now just wait.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1 b.png Size: 44 KB
  • #67
  • Jun 10, 2024 10:09pm Jun 10, 2024 10:09pm
Wait is over.
1st target acheived.
SL of second lot shifted to TE 9 price (2nd value in data window).
Now the trade is in profit and no chance of loss.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 2.png Size: 57 KB


  • #68
  • Jun 10, 2024 10:22pm Jun 10, 2024 10:22pm
Watch AUDCAD H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.png Size: 44 KB


Downtrend is intact. (no candle closing above TE 51)
Probably TE 3 "PBC SELL" alert will be generated by the end of this candle.
But, subwindow indicators still blue/lime.
So wait for a candle to closse and Gann "TREND REVERSAL SELL" alert and magenta vertical line printed on chart.
Go short if above conditions are met.
Trade in demo account.
  • #69
  • Jun 11, 2024 6:36am Jun 11, 2024 6:36am
Quoting walvekarraje
Wait is over. 1st target acheived. SL of second lot shifted to TE 9 price (2nd value in data window). Now the trade is in profit and no chance of loss.
second lot squared off at trailong stop.
nice profitable trade .

  • #70
  • Jun 11, 2024 9:10am Jun 11, 2024 9:10am
A question

the trade explorer on top of this page is showing latest closed profits of 65 and 191 which is right. but the performance today is -$111 and -4.8%.

any idea why ?
  • #71
  • Jun 11, 2024 9:16am Jun 11, 2024 9:16am
Quoting walvekarraje
A question the trade explorer on top of this page is showing latest closed profits of 65 and 191 which is right. but the performance today is -$111 and -4.8%. any idea why ?
Makes no sense! Maybe it will adjust itself later today ...
  • #72
  • Edited 8:09pm Jun 11, 2024 12:10pm | Edited 8:09pm
USDCAD long entry on TE 51 buy alert and all indicators lime/blue.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 1.png Size: 42 KB

massive loss few min after entry
  • #73
  • Jun 12, 2024 2:03am Jun 12, 2024 2:03am
Quoting walvekarraje
USDCAD long entry on TE 51 buy alert and all indicators lime/blue.{image} massive loss few min after entry
Thank you for sharing your strategy.

I dont have the same USDCHF H4

Attached Image (click to enlarge)
Click to Enlarge Name: Snímek obrazovky 2024-06-12 090113.jpg Size: 392 KB
  • #74
  • Jun 12, 2024 4:10am Jun 12, 2024 4:10am
Quoting mirgi
{quote} I dont have the same USDCHF H4
.

Probably it is due to time zone difference or broker server time difference. Honestly i dont know how to solve this.

otherwise your chart looks good and you can trade as per guidelines.
One suggestion : chart: properties:colour:line chart , select none so that APB candles will be clearly visible.
  • #75
  • Jun 12, 2024 7:49pm Jun 12, 2024 7:49pm
Quoting walvekarraje
Hi ForexFactory friends. Plan the Trade, then Trade the Plan. Here i am presenting the plan. study it first. trade in demo. when you feel comfortable only then take live trades. Best luck to all. Indicators used: {file} Templete: {file} {file} Guidelines: {file}

Dear walvekarraje,
I would like to thank you for your valuable trading idea. The indicators you put together really give very valuable signals. I have inserted the signal generators into my personal chart and it works great.
Attached Image (click to enlarge)
Click to Enlarge Name: Guppy.jpg Size: 237 KB
I also use your original chart to learn your trading strategy and to continue to follow your respectful work.

Thank you for that.
Best regards.
Don't trade because you think you have to do something.
  • #76
  • Jun 12, 2024 8:26pm Jun 12, 2024 8:26pm
Quoting Michael.MSA
{quote} Dear walvekarraje, I would like to thank you for your valuable trading idea. The indicators you put together really give very valuable signals. I have inserted the signal generators into my personal chart and it works great. I also use your original chart to learn your trading strategy and to continue to follow your respectful work. Thank you for that. Best regards.
Thank you so much for your kind words and feedback! I'm thrilled to hear that the indicators and trading strategy have been valuable for you.
"I have inserted the signal generators into my personal chart and it works great". how did you do that? will you explain please?
  • #77
  • Jun 12, 2024 9:06pm Jun 12, 2024 9:06pm
I would like to thank you walvekarraje so much for your work and sharing here.
I integrate yours with my systems and it help me with better R:R for my scalping.
Once again thank you so much.
By the way, would you mind if I want to know that these your indicators will have expiration?
B.R.
  • #78
  • Jun 12, 2024 9:19pm Jun 12, 2024 9:19pm
Quoting walvekarraje
{quote} Thank you so much for your kind words and feedback! I'm thrilled to hear that the indicators and trading strategy have been valuable for you. "I have inserted the signal generators into my personal chart and it works great". how did you do that? will you explain please?
Yes, I can gladly explain that.
But before you can see here how the signals comes.
Attached Image (click to enlarge)
Click to Enlarge Name: Guppy.jpg Size: 253 KB

That's great, I like that.

Best regrds
Don't trade because you think you have to do something.
  • #79
  • Jun 12, 2024 9:52pm Jun 12, 2024 9:52pm
Quoting Exciter135
I would like to thank you walvekarraje so much for your work and sharing here. I integrate yours with my systems and it help me with better R:R for my scalping. Once again thank you so much. By the way, would you mind if I want to know that these your indicators will have expiration? B.R.
It's great to know that my work is helping , and I appreciate your support.
I have provided all the mql4 source code indicators. no expiration.

Best of luck with your trading!
  • #80
  • Jun 12, 2024 10:12pm Jun 12, 2024 10:12pm
An example of:
Another method of PULLBACK CONTINUATION TRADE ENTRY: “buy on dip” and “sell on rally”.
Especially when the candles are too large, wait for opposite colour APB candle to form. Then go to lower timeframe and wait for alert in original trend direction.

same setup is developing on USDCHF H4 chart. (the pair i suffered big loss due to false breakout in the last trade )

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 1.png Size: 42 KB

one way to trade is to place a sell stop order at the low of the pullback candle as i have done. once triggered place SL and TP.

A better method is to go to H1 chart and wait for the Gann " TREND REVERSAL SELL " alert and short at the close of the candle. ( as mentioned in the gguidelines)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 2.png Size: 52 KB


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