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Guppy re-invented

  • #341
  • Jun 24, 2024 7:39am Jun 24, 2024 7:39am
Doc!
IF members read and re-read your notes and the guides that you supplied then there will be a better understanding of this great system.
If you read and don't understand then come here and ask the points that are unclear...like the answer that Hashzar explained in this last post; it is precise and very clear.
What we must understand about this system is that it is not a scalping system where you will scalp on the 15M or 5M...It is a system that you trade on the 4H like the good Doctor said and then check your pullbacks on either the 15M or 1H.
We are here to help each other to make some good pips and make money friends, let's help each other.
  • #342
  • Jun 24, 2024 7:39am Jun 24, 2024 7:39am
Quoting PMT
Hello walvekarraje! Am I correct in entering an order like this?
.

In H4 on candle (1,2) a reversal trade is valid as per our rules. Page 8 of 'GUPPY RE-INVENTED" document. in this document i have missed a very important criteria in "1) TREND REVERSAL ENTRY: “Identify trend reversals at the earliest.”
The criteria is " Ignore the Guppy if ALL other criteria are fullfilled".

I dont know if the H1 was at the same time as H4 chart. still your long entry is valid but not on candle 4 but candle 3.

  • #343
  • Jun 24, 2024 7:48am Jun 24, 2024 7:48am
Quoting since80808
Situation in dynamics between 2 bold v-lines (with all the indicators agreement): Range - move up - pullback - move up - BOS - fail - move down - pullback - move down - BOS - trend down How to select during the real time trading?
.

M15 trades are scalping trades. Here it is Quick In,Quick Out. R:R 1:1,1:1.5, 1:2 is the max you should target at.
Other way to trade M15 chart is with 2 lots, book one lot at R:R 1:1. Get tour SL at BE immediately. then eirher book profit at 1:2 or trail SL according to your trading style.
  • #344
  • Jun 24, 2024 7:56am Jun 24, 2024 7:56am
Quoting since80808
{quote} Excuse me may I kindly ask why don't we enter absolutely the same situation earlier, at the yellow vertical zone (with the result you can see)?
" I square off irrespective of profit/loss if
1) Opposite colour bullish or bearish APB candle.
2) All rsioma change to opposite colour."

Last 3 sentences in "GUPPY RE-INVENTED" document.
  • #345
  • Jun 24, 2024 8:00am Jun 24, 2024 8:00am
Quoting Worsman
Doc! IF members read and re-read your notes and the guides that you supplied then there will be a better understanding of this great system. If you read and don't understand then come here and ask the points that are unclear...like the answer that Hashzar explained in this last post; it is precise and very clear. What we must understand about this system is that it is not a scalping system where you will scalp on the 15M or 5M...It is a system that you trade on the 4H like the good Doctor said and then check your pullbacks on either the 15M or 1H....
hi Worsman
Can you tell me the purpose of checking pull backs on lower time frames in relation to this strategy?

thanks pal
  • #346
  • Jun 24, 2024 8:04am Jun 24, 2024 8:04am
Quoting PMT
Hello walvekarraje! Am I correct in entering an order like this? {image}
one more observation: Your chart is not a full page chart but
same chart posted by Hashzar https://www.forexfactory.com/thread/...6#post14909996 is a full page chart. And his analysis is perfect.
in his chart, there is no "scissor" formation in subwindow. Then as i said earlier, trend reversal entry is NOT justified.

For all: To have a honest opinion or analysis describe in full charts. This way we will be on the same page.

  • #347
  • Jun 24, 2024 8:11am Jun 24, 2024 8:11am
Quoting pizd0s
How do you explain why markets should follow your pattern, where predicting power comes from. If it's too complicated, not many traders can rediscover and follow it, creating self-reinforcing loop that explains predictability. That's why I'm not a fan of complex patterns - too unlikely sufficiently many traders recognise and follow it.
Sir, The trading system I've shared is designed to be straightforward and intuitive, making it easier for traders to understand and follow. The predictive power comes from the consistent application of well-established indicators and patterns that reflect market behavior. While the system might seem complex initially, it is actually based on fundamental market principles that many traders already use. By learning and applying these principles, we can create a self-reinforcing loop that enhances predictability. I appreciate your perspective and encourage you to explore the system further to see how it can work for you.

  • #348
  • Jun 24, 2024 8:18am Jun 24, 2024 8:18am
Quoting Worsman
Doc! IF members read and re-read your notes and the guides that you supplied then there will be a better understanding of this great system.
Absolutely right. One step further.... Trade in demo account till you get hang of the system.

"What we must understand about this system is that it is not a scalping system where you will scalp on the 15M or 5M."

This can be very well used for scalping also. But the criteria, guidelines for that are different.
As the thread progresses i will try to explain that also in short documents.
  • #349
  • Jun 24, 2024 8:21am Jun 24, 2024 8:21am
Quoting hope&glory
{quote} hi Worsman Can you tell me the purpose of checking pull backs on lower time frames in relation to this strategy? thanks pal
We dont check pullbacks in lower time frame, we check for continuation patterns.
We dont trade pullbacks, we trade reversal patterns.
  • #350
  • Jun 24, 2024 8:26am Jun 24, 2024 8:26am
Quoting walvekarraje
{quote} We dont check pullbacks in lower time frame, we check for continuation patterns. We dont trade pullbacks, we trade reversal patterns.
Can you please share screenshots of the transactions you have opened?
  • #351
  • Jun 24, 2024 8:34am Jun 24, 2024 8:34am
  •  PMT
  • | Joined Jul 2023 | Status: Trader | 27 Posts | Online Now
Quoting hashzar
{quote} Hi PMT, H4 is clearly in a Downtrend. Best is to wait for a pullback and re-enter short in the direction of H4 trend if the setup presents itself. Going long here would be too risky in my opinion. Also, wait for H4 candle to close before making an entry decision. Because price can drop before candle close and signal is not valid anymore. {image}
thank you very much!
Sorry I used google translate
  • #352
  • Jun 24, 2024 8:34am Jun 24, 2024 8:34am
Quoting ozkanim
{quote} Can you please share screenshots of the transactions you have opened?
Dear friend, all the screenshots i have posted in this thread are live trades on demo account. I follow the same principles in my live account. I trade indian markets in NSE. If you want I will post screenshots of that also. But that will be boring for you all.
  • #353
  • Jun 24, 2024 8:35am Jun 24, 2024 8:35am
Quoting hope&glory
{quote} hi Worsman Can you tell me the purpose of checking pull backs on lower time frames in relation to this strategy? thanks pal
Hope & Glory,
I shall use an example of a 4H Gold trade that I am currently in; The trend on Gold is Bearish right now, so when you see a color change in the candles moving slightly sideways or in opposite direction it is good to go check the lower timeframes eg 1H,30M,15M to see if a pullback has started, unless you receive an alert thereon.
I normally bank if in profit or close down if the loss is affordable, but one can also hedge your trade and trade the counter-trend buy to add some profit from the counter-trend/pullback and then close off the trade if the price turns in the direction of the 4H major trend.
  • #354
  • Jun 24, 2024 8:41am Jun 24, 2024 8:41am
Markets don't need to "follow" any pattern – the system is based on principles that have consistently worked for those who take the time to understand and apply them.
For eg. Dogi, Hammer, Head and Shoulders, etc etc etc. Do you think that these accepted patterns work 100% of times? Still trades are taken on these patterns.
Sometimes they work, sometimes they dont.
what we are trying to do is to find high probablity, low risk high reward entries.
And this system is working for me.
  • #355
  • Jun 24, 2024 8:47am Jun 24, 2024 8:47am
  •  PMT
  • | Joined Jul 2023 | Status: Trader | 27 Posts | Online Now
Quoting walvekarraje
{quote}. In H4 on candle (1,2) a reversal trade is valid as per our rules. Page 8 of 'GUPPY RE-INVENTED" document. in this document i have missed a very important criteria in "1) TREND REVERSAL ENTRY: “Identify trend reversals at the earliest.” The criteria is " Ignore the Guppy if ALL other criteria are fullfilled". I dont know if the H1 was at the same time as H4 chart. still your long entry is valid but not on candle 4 but candle 3.
thank you very much!
Sorry I used google translate
  • #356
  • Jun 24, 2024 8:51am Jun 24, 2024 8:51am
  •  PMT
  • | Joined Jul 2023 | Status: Trader | 27 Posts | Online Now
Quoting walvekarraje
{quote} one more observation: Your chart is not a full page chart but same chart posted by Hashzar https://www.forexfactory.com/thread/...6#post14909996 is a full page chart. And his analysis is perfect. in his chart, there is no "scissor" formation in subwindow. Then as i said earlier, trend reversal entry is NOT justified. For all: To have a honest opinion or analysis describe in full charts. This way we will be on the same page.
Luckily you pointed out my mistake. I really don't know this.
I really thank you and everyone who taught me.
Sorry I used google translate
  • #357
  • Jun 24, 2024 8:58am Jun 24, 2024 8:58am
Are the conditions right?
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  • #358
  • Jun 24, 2024 9:00am Jun 24, 2024 9:00am
Quoting ozkanim
{quote} Can you please share screenshots of the transactions you have opened?
Doc!
I may have named it pullbacks by error, sorry, it should be continuation patterns joining up later with the main trend direction.
Here I have a screenshot below:
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  • #359
  • Jun 24, 2024 9:04am Jun 24, 2024 9:04am
Quoting Worsman
Doc! IF members read and re-read your notes and the guides that you supplied then there will be a better understanding of this great system.
I think its time for me to ask questions
Lets see who has done the homework and who has not.

two trades possible now. lets consider the candle is closed and new candel has just started.
i will trade one chart and i wont trade another.
what to trade and why ? what not to trade and why?

i dont expect answers, but will love if anybody does
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  • #360
  • Jun 24, 2024 9:25am Jun 24, 2024 9:25am
When the candle closes and signal is in tacked. Buy AUDUSD.

1. TE 51 = Buy
2. RSIOMA below 50 and changing color
3. Gann 9 Green
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