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Guppy re-invented

  • #1,081
  • Aug 22, 2024 12:04pm Aug 22, 2024 12:04pm
Hi Walvekarraje,

I love your strategy so far! I just started reading and practicing on demo. I already have 3 out of 4 winners I am actually using renko blocks on the Dow. I will post some trades later today when I get some time. So thanks for this great contribution to FF. I appreciate your effort and keeping the thread going.
  • #1,082
  • Aug 22, 2024 1:25pm Aug 22, 2024 1:25pm
@PereRaphael and @since80808

Thank you very much for sharing the information/template. It is very helpful. I have set it up and have got the same chart layout.

Thanks once again.

I look forward to testing and sharing charts/trades as well.

Happy Trading
  • #1,083
  • Aug 22, 2024 1:38pm Aug 22, 2024 1:38pm
Quoting Belgrath
I am actually using renko blocks on the Dow. I will post some trades later today when I get some time. .
Sir. I welcome you in this forum.
But before posting anything PM me .
Honestly I dont know anything about Renco blocks.
  • #1,084
  • Aug 22, 2024 1:50pm Aug 22, 2024 1:50pm
Short EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-ig-group-limited-2.png Size: 14 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,085
  • Aug 22, 2024 1:54pm Aug 22, 2024 1:54pm
Quoting since80808
{quote}Dear Doctor, if I understand the system right, PereRaphael, staying with the rules of your system, can do absolutely the same analysis on one M30 chart only.
Yes
  • #1,086
  • Aug 22, 2024 2:08pm Aug 22, 2024 2:08pm
Quoting Wally1953
Short EURUSD.
This is pure gambling.
  • #1,087
  • Aug 22, 2024 2:14pm Aug 22, 2024 2:14pm
Quoting Wally1953
Short EURUSD. {image}
GUPPY bullish
Histo bullish

No reason to go short.
  • #1,088
  • Aug 22, 2024 3:36pm Aug 22, 2024 3:36pm
Price is at top of weekly range so could reverse, that's the only reason I thought a short may work out.

Is this analysis reasonable or am I kidding myself?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-ig-group-limited-2.png Size: 13 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,089
  • Aug 22, 2024 6:37pm Aug 22, 2024 6:37pm
D1
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  • #1,090
  • Aug 22, 2024 7:49pm Aug 22, 2024 7:49pm
Closed EURUSD trade, -11 pips. Second guessing myself, playing it safe.
"Be the change that you wish to see in the world." --Gandhi
  • #1,091
  • Aug 22, 2024 10:23pm Aug 22, 2024 10:23pm
Hello good morning doctor, please be kind enough to give another explanation, I want to ask, I have displayed my graphic chart, can you give an explanation, is the condition as seen in the graph a chance of entry order? please give me instructions, and approximately to what extent the condition has a chance of entry order.., thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: GrafixFX.jpg Size: 263 KB
  • #1,092
  • Aug 23, 2024 3:03am Aug 23, 2024 3:03am
Trying this system. Looking good when we have trend on the histograms.

Short EU 30M:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 35 KB
  • #1,093
  • Aug 23, 2024 8:26am Aug 23, 2024 8:26am
Quoting kirinda
Trying this system. Looking good when we have trend on the histograms. Short EU 30M: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 33 KB
  • #1,094
  • Edited 10:25am Aug 23, 2024 10:09am | Edited 10:25am
Quoting walvekarraje
This my todays trade on H4 {image} TE 51 alert indicating change to downtrend. Both histograms magenta.
Stopped.
How do you decide when to move SL to BE? Only after the 1st target?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB

Ask for my current UC sell
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Just an opinion. Based on research
  • #1,095
  • Aug 23, 2024 10:20am Aug 23, 2024 10:20am
Long EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-ig-group-limited-2.png Size: 13 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,096
  • Aug 23, 2024 10:24am Aug 23, 2024 10:24am
Hi Doctor. I appreciate your feedback a few posts back. I am not here to gamble but to learn, and I will be following your method as it is laid out. Thank you!
"Be the change that you wish to see in the world." --Gandhi
  • #1,097
  • Aug 24, 2024 5:25am Aug 24, 2024 5:25am
Quoting Wally1953
Price is at top of weekly range so could reverse, that's the only reason I thought a short may work out. Is this analysis reasonable or am I kidding myself? {image}
Please ignore my words about gambling.
Your trade was against all the guidelines we are following.

"Closed EURUSD trade, -11 pips. Second guessing myself, playing it safe."
That was the right thing to do. Retrospectively looking at the chart it was a minor pullback and your loss would have been much bigger.

"Price is at top of weekly range so could reverse, that's the only reason I thought a short may work out."
Could reverse and short may work out...... this is a hope trade, and all hope trades are hopeless trades.

In this system Guppy multiple moving averages act as support and our intension is to identify entry candle which is in continuation of the existing trend.
We are following a system based on technical analysis based on multiple indicators with a hope of identifying low risk high reward trades.

The Plan is to Trade when all indicators ( colors ) agree....

Plan the Trade and then Trade the Plan.

  • #1,098
  • Aug 24, 2024 6:08am Aug 24, 2024 6:08am
Quoting since80808
{quote} Stopped. How do you decide when to move SL to BE? Only after the 1st target?
Right question. All of us are trying to find an answer to....
Let me try to answer this to the best of my knowledge and the indicator system i have shared with you all......

1) Enter trade at the close of the candle. Make sure all the indicator colors agree.
Initial SL is swing high/low or TE 51 in the data window.
Entry with 2 lots.
First target for 1 lot with R:R 1:1
There are only 2 possibilities...a) SL for both lots will be hit or 2) target of one lot will be hit.
If SL is hit you are out of the trade automatically.

2) If SL is not triggered, watch APB candles. As long as the candle color is in your favour, the trade is safe.
(lime body and wicks: bullish candle, magenta body and wick: bearish candle. Any other colour combination is consolidation candle)
Wait for close of candle.
As long as the APB candles are in your your favour, dont change SL or TP.

3) When the APB candles show consolidation, watch RSIOMA. If there is no change in color of RSIOMA.... dont change SL or TP.

4) If. a) APB candle color changes to bulish (if you are short) or bearish (if you are long) OR b) any one or more RSIOMA color changes at the close of the candle...
Book profit or loss irrespective of SL or TP.

5) TP for second lot... your choice.

  • #1,099
  • Edited 7:03am Aug 24, 2024 6:14am | Edited 7:03am
Quoting aminphandana
Hello good morning doctor, please be kind enough to give another explanation, I want to ask, I have displayed my graphic chart, can you give an explanation, is the condition as seen in the graph a chance of entry order? please give me instructions, and approximately to what extent the condition has a chance of entry order.., thank you.
I hope your question is answered in the above two posts. if not feel free to ask your doubts.
  • #1,100
  • Aug 25, 2024 1:47pm Aug 25, 2024 1:47pm
Hello Doctor, I have been observing the entry in the AUDCHF pair by the colleague "desde80808" (post 1094), according to my observation if this entry had been made in H1 there would be no losses.
I would appreciate it if you could review it to see if I am right since I am learning the system and I have doubts.
Entry at 0.57240. 2 Lots.
SL 057440 -21 pips
Lot 1: TP1 reached 21 pips
1st Decision with Lot 2: TP2 BE if SL goes to BE after TP1. Total 2 Lots 21 pips.
2nd Decision with Lot 2: TP2 -3 pips if the operation is closed due to the color change of the APB candle in H4. Total 2 Lots 18 pips.
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
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