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Guppy's Multi-Moving Average (GMMA)

  • #81
  • Jul 7, 2007 3:37am Jul 7, 2007 3:37am
I'm very interested in the guppy MMAs after reading lots of information on the concept.

My question is, as someone asked a while back earlier in this thread, are the MA periods good for forex, or are there more optimized numbers which more accurately reflect the motion of most currency pairs on forex? Or for that matter, are GMMAs useful in the long term with fx?
  • #82
  • Edited 6:22am Jul 7, 2007 6:04am | Edited 6:22am
Quoting JoshDance
I'm very interested in the guppy MMAs after reading lots of information on the concept.

My question is, as someone asked a while back earlier in this thread, are the MA periods good for forex, or are there more optimized numbers which more accurately reflect the motion of most currency pairs on forex? Or for that matter, are GMMAs useful in the long term with fx?
Hi JoshDance,

I use it as out of the box but,I have added a 200 (Thank you Lever70) and a 62ema.
The reason for the 62 is that in every one of my back tests with different systems, this one it truly dynamic in all time frames.

I personally only use it in 15 minute timeframe with only the majors + eur.jpy.
I am in and out usually in less than 3 bars, but I will wait for the perfect set up and if a back it out and it looks good on higher time frames I will stay with the trade.

I use the 15 to enhance my trading (entertainment value ) as a majority of my trades are based on the 4hr and entry on the 1hr. So I am not in a hurry and don't feel I need to trade this daily.

It looks pretty, but to noisy for all my charts.

PH

Edit: Look at post 76 and my marked exit with the yellow line. I got out early. I would have earned another 50pips or so before a system exit. I was nervous about the rapid expansion and felt that it would come back down fast.

My Error(s): Keyword "Felt" that equals an emotion Plus I discounted how good of a set up that really was. Both long term and short term averages agreed that 1.3440-50ish was a good buy.

If you have New Market Wizards, read the Tom Basso interview p.278 his mentality for trading is a good example. Using self observation and trust in the system, you will collect more pips.

The lessons learned after I closed and booked the trade are the errors I just stated. I know that I won't make the same error again. In fact, I stayed in a trade yesterday (eur.chf) when the short term was going against my longer term setups, but I took what I learned from the eur.usd trade here and applied it.

PH
  • #83
  • Jul 7, 2007 9:41am Jul 7, 2007 9:41am
I use Fiboretracement along with GMMA which gives an idea where the TPs to be taken.
  • #84
  • Jul 9, 2007 2:22pm Jul 9, 2007 2:22pm
hey for all of you that use GMMA I am setting up a chat room on paltalk/ and tradingrooms so if interested we can learn the gmma better. I have been working with it, but still need some assistance. if any of you are in a room already id like to talk more about the guppy
Jeremy
  • #85
  • Jul 9, 2007 10:56pm Jul 9, 2007 10:56pm
Quoting Fxsigma
hey for all of you that use GMMA I am setting up a chat room on paltalk/ and tradingrooms so if interested we can learn the gmma better. I have been working with it, but still need some assistance. if any of you are in a room already id like to talk more about the guppy
Jeremy
I am using GMMA. A variation of it anyway. It, when followed and understood produces very good results.
It takes awhile to get the "feel" for it, but it is rather predictive, sometimes uncanningly so.
  • #86
  • Jul 10, 2007 8:55am Jul 10, 2007 8:55am
All,

How about posting the charts of anticipating entries and discuss?

Thx
DL
  • #87
  • Jul 10, 2007 12:06pm Jul 10, 2007 12:06pm
Quoting deepleo
All,

How about posting the charts of anticipating entries and discuss?

Thx
DL
I'll post tonight when I get home from work.

I just exited my gbp.usd position. I bought at I think the 8:30 GMT Bar @ 2.0173 and wanted to lock in some of the move and moved my stop up to 2.0240 wich was just hit.

I really couldn't analyze the trade to well since I am not in front of my charts.

PH
  • #88
  • Jul 10, 2007 1:11pm Jul 10, 2007 1:11pm
this shows what i think your talking about. On the retrace after the break going long. is this correct?
Attached Image (click to enlarge)
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  • #89
  • Jul 10, 2007 1:14pm Jul 10, 2007 1:14pm
Id like to know all the setups that you guys use for the guppy, example. Liiking at 30 minute chart determine long/short going to 5 minute and looking for guppy cross+pullback for entry. or any other methods for trading this remarkable wave
  • #90
  • Jul 10, 2007 1:17pm Jul 10, 2007 1:17pm
quite a few of the pairs all had a nice pullback for entries last night, anyone catch any of it? i was sleeping
  • #91
  • Jul 10, 2007 1:38pm Jul 10, 2007 1:38pm
Quoting Fxsigma
Id like to know all the setups that you guys use for the guppy, example. Liiking at 30 minute chart determine long/short going to 5 minute and looking for guppy cross+pullback for entry. or any other methods for trading this remarkable wave
More WAVES here:
http://www.forexfactory.com/showthread.php?t=35229
How you apply them is your decision.

Sorry to intrude!
Good Trading!

FXS
  • #92
  • Jul 10, 2007 2:12pm Jul 10, 2007 2:12pm
Quoting Fxsigma
this shows what i think your talking about. On the retrace after the break going long. is this correct?
Yes 3/4 way up on first spike. I violated my own rule of not trading the news bar. I could have gotten in at a better price. Anyway, I just get back from lunch and see that market bounced for perfect re-entry/position adding.

I was tempted to re-enter in my live account, but being that it's late in Afternoon in N.Y I was hoping it would flatten out for re-entry for UK open.

I did re-enter on that bounce in my demo-account to test the late NY entry. the trade earlier was from my live account. currently demo account is +24.5 pips.
  • #93
  • Jul 10, 2007 2:20pm Jul 10, 2007 2:20pm
Waiting to go SHORT, if slow MMAs rolls-over and start spreading or if 3,5,8 of fast MMAs turns up and crosses each other then will go LONG.
Attached Image (click to enlarge)
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  • #94
  • Jul 10, 2007 6:32pm Jul 10, 2007 6:32pm
I have marked my exit and entry. The yellow line at the bottom is my stop loss that I used. It came within 2 pips of stopping me out.
Since I didn't have my charts at work and the rapid expansion of the move I placed my stop at 2.0440.
Looking at this chart I need to close it only price closed below the short term. As you can see it didn't and continued to move.

Sorry about the image. I forgot to click on landscape.
Attached File(s)
File Type: pdf gpb.usd.7.10.07.pdf   16 KB | 2,198 downloads
  • #95
  • Edited Jul 11, 2007 12:42pm Jul 10, 2007 9:58pm | Edited Jul 11, 2007 12:42pm
select 0 for defaults, or select 1 for ma's 2 thru 16, select 2 for ma's 18 thru 32,,, and so on to,,, select 6 for ma's 82 thru 96.... h
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 guppy selectable.mq4   4 KB | 2,868 downloads
to trade and code, keep both simple... no call to impress....h
  • #96
  • Jul 10, 2007 10:04pm Jul 10, 2007 10:04pm
I just wanted to comment, that I add keltner 55 setting, and bollinger band 55...in addition to zig-zag, 144, 169, 200, 365 ema... I look for a 4hr over sold situation, and enter upon 15 min price crossing, the middle 55 keltner...after a failed higher/high on the pull back 15 min, with oscillators I am short the trade. outside bollingers plus 10 pips as my stop.

I use a custom metrader indicator called super signals...and SHI-Channel, that complets my set up you can find them here:

http://www.forextradingplus.com/indi...=asc&start=250
Attached Image(s) (click to enlarge)
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  • #97
  • Jul 15, 2007 7:21pm Jul 15, 2007 7:21pm
on paltalk Forex Traders lounge if you guys want to meet in here. main method is Guppy for the room, or people interested in tradeing the guppy. come and learn and discuss
  • #98
  • Jul 15, 2007 11:47pm Jul 15, 2007 11:47pm
My Fault its Forex Trader Lounge without the s but you can just search and find us.
  • #99
  • Jul 15, 2007 11:51pm Jul 15, 2007 11:51pm
jpy scalp on sunday night
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  • #100
  • Jul 16, 2007 8:23pm Jul 16, 2007 8:23pm
Long EJ anyone? Paitent, not to soon young grasshopper!
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