"Be the change that you wish to see in the world." --Gandhi
- #1,042
- Aug 20, 2024 7:48am Aug 20, 2024 7:48am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi Dr. Rasesh Did you open the order exactly where the yellow lines meet? When you say TE 51, itīs also mean SL 51? What do these abbreviations mean, TE 51? Itīs the same line? Kind regards
TE 51 is Trend Envelope on 51 EMA.
Guppy uses Multiple EMAs. I use trend envelope indicator. All the lines you see on main chart are trend envelops from 3 to 51.
I use these values for trailing stoploss so sometimes it is reffered as SL 51.The values in data window are TE 3,9,21 and 51`from above below
My final trailing SL is usually TE 3 or SL 3 (that is the first value in data window)
Today is a crucial day on my trading journey. I traded my small test account back to my original capital.
I had lost 64% of the account(and blown another) before finding Guppy re-invented. As per my previous post I managed to double the account from my starting point.
My goal was to recover my original capital. Today I achieved that while learning this system, and working through my trading demons.
The last three trading days, I found a setup that works for me, and I use it as a traffic light system, which has been very helpful, and stops me from taking impulsive and reckless trades. I am still work in progress. The plan is now to scale the account.
The rules are simple, when the Gann in all 3 screens align, open a trade in the direction of the Gann
Dr. Rajesh Walvekar, not all heroes wear capes. I am humbled by your generosity. THANK YOU.
Here is my layout and results for last 3 days:
I had lost 64% of the account(and blown another) before finding Guppy re-invented. As per my previous post I managed to double the account from my starting point.
My goal was to recover my original capital. Today I achieved that while learning this system, and working through my trading demons.
The last three trading days, I found a setup that works for me, and I use it as a traffic light system, which has been very helpful, and stops me from taking impulsive and reckless trades. I am still work in progress. The plan is now to scale the account.
The rules are simple, when the Gann in all 3 screens align, open a trade in the direction of the Gann
Dr. Rajesh Walvekar, not all heroes wear capes. I am humbled by your generosity. THANK YOU.
Here is my layout and results for last 3 days:
- #1,046
- Aug 20, 2024 12:08pm Aug 20, 2024 12:08pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Today is a crucial day on my trading journey. I traded my small test account back to my original capital. I had lost 64% of the account(and blown another) before finding Guppy re-invented. As per my previous post I managed to double the account from my starting point. My goal was to recover my original capital. Today I achieved that while learning this system, and working through my trading demons. The last three trading days, I found a setup that works for me, and I use it as a traffic light system, which has been very helpful, and stops me from...
Thank you for your kind words.
- #1,047
- Aug 20, 2024 12:15pm Aug 20, 2024 12:15pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
The rules are simple, when the Gann in all 3 screens align, open a trade in the direction of the Gann
A new guideline for all of us.
Cheers.
{quote} My entry was at blue line. When i saw the chart there was already a signal (yellow star in circle) 2 candles back and price was around the close of that candle. so i took a sell trade.{image}Now the first target is done easily and my SL is now at breakeven. As the trade progresses i will trail it further down. TE 51 is Trend Envelope on 51 EMA. Guppy uses Multiple EMAs. I use trend envelope indicator. All the lines you see on main chart are trend envelops from 3 to 51. I use these values for trailing stoploss so sometimes it is reffered...
Kind regards
Don't trade because you think you have to do something.
- #1,051
- Aug 20, 2024 7:02pm Aug 20, 2024 7:02pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Trailing SL to high of previous candle.
Today is a crucial day on my trading journey. I traded my small test account back to my original capital. I had lost 64% of the account(and blown another) before finding Guppy re-invented. {image} {image}
May I ask what hours do you trade?
The rules are simple, when the Gann in all 3 screens align, open a trade in the direction of the Gann
. Couple of questions, Are you talking about aligning of Gann Vertical Lines or both Gann Histo on all 3 screens? And do you place SL at recent Swing of M30?. Cheers!
Kind Regards, TT
- #1,054
- Edited 5:01am Aug 21, 2024 4:44am | Edited 5:01am
- | Joined Aug 2013 | Status: Trader | 37 Posts
{quote} Congratulations PR
You want Vertical Gann and Histo as the same colour on all Timeframes.
I start my SL around 50pips or above the TE51 whichever is safer on the M5 chart.
The trades are taken on the M5 chart and M15 and M30 are there for trend confirmation.
- #1,056
- Aug 21, 2024 7:56am Aug 21, 2024 7:56am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Gann in all 3 screens align
Have you additional filters? For example here (after bold vertical white lines) is the situation you describe but price goes not with Gann
Just an opinion. Based on research
- #1,057
- Aug 21, 2024 8:10am Aug 21, 2024 8:10am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
{quote} Hello! Have you additional filters? For example here (after bold vertical white lines) is the situation you describe but price goes not with Gann
- #1,059
- Aug 21, 2024 8:31am Aug 21, 2024 8:31am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
{quote} Hello! Have you additional filters? For example here (after bold vertical white lines) is the situation you describe but price goes not with Gann
