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Simple Guppy Cap Reversals

  • #41
  • Aug 21, 2024 4:17am Aug 21, 2024 4:17am
Quoting tiptoptrade
I am trading forex for over 15+ years
Quoting tiptoptrade
I am trading EURUSD and only EURUSD for 11 years now
Quoting tiptoptrade
I prefer gold coz there are plenty of opportunities
Quoting tiptoptrade
My Trading Journal - XAUUSD, NZDJPY, GBPCHF-M15 Reversal Trading
With all my respect... Please, what is your story?
Just an opinion. Based on research
  • #42
  • Aug 21, 2024 6:14am Aug 21, 2024 6:14am
Quoting since80808
{quote} {quote} {quote} {quote} With all my respect... Please, what is your story?
Hello Since, I learned trading watching EURUSD pair. Unfortunately EURUSD offers a very little volume movement compared to GOLD or GBPJPY. I realized I needed to move to GOLD.

I am a trading geek who loves to watch chart all day long and enjoys to devote to only one pair at a time. But this doesn't mean I will stick to GOLD in future or I might will if that where my trading journey leads me to. I am a very open minded when it comes to learning but I also understand that every pair has its own know-how is why It's wise to focus on one at a time.

I completed my MBA major in Marketing and worked for different companies and projects. This includes Printing and Press, Fisheries, Sports journalism, European Union funded project and also Banking Sector. I am now a full time trader. It was always my dream to become a Professional Trader.

Forex attract me like crazy. I love trading. This also came at a tremendous cost. I lost so much money learning that you can't even imagine. I never traded demo. I was always a live market trader testing everything one by one i.e. every indicators, Free & paid Robots, SMC, ICT etc etc. This is true that you have to keep learning to be successful in this industry.

I had a senior FF account but got transferred to Commercial is why I use this new FF account. Wish you had checked the threads of that account.

Where are you from and how long have you been trading this market?

Cheers!!
  • #43
  • Aug 21, 2024 6:45am Aug 21, 2024 6:45am
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order placed
  • #44
  • Aug 21, 2024 8:20am Aug 21, 2024 8:20am
Quoting tiptoptrade
Wish you had checked the threads of that account.
May I ask for the link? (for me, not for quoting))
Quoting tiptoptrade
Where are you from and how long have you been trading this market?
Ukraine, trade live since 2006, surf FF for ideas and fun (and love it)))
Cheers!!
Just an opinion. Based on research
  • #45
  • Aug 21, 2024 6:11pm Aug 21, 2024 6:11pm
Quoting tiptoptrade
{image} order placed
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hit the mid band and then hit SL. Typical trade.
questions may arise:
- should i take half position when trade hit mid band?

No. when you open a trade you have to wait for your final target to be hit. remember you might think taking half in the mid way could make it a break even trade but what if the price didnt go to mid band and directly ht your SL? you would loose full not half.

Make sure you take trades that has higer TP than SL.
  • #46
  • Aug 21, 2024 6:18pm Aug 21, 2024 6:18pm
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Placed the trade last night before I fall asleep. It was after the NY bank open but very late by me is why it was hard to monitor open trades. You see it almost hit my TP. If i was awake i would have closed with that profit but since i wasnt there. I have to wait now. this can now go either way. I can only hope for Tokyo market to take it to my TP.
  • #47
  • Aug 21, 2024 6:40pm Aug 21, 2024 6:40pm
Quoting since80808
{quote} May I ask for the link? (for me, not for quoting)) {quote} Ukraine, trade live since 2006, surf FF for ideas and fun (and love it))) Cheers!!
You will notice i was always a reversal trader. I have erased all my casual threads and remained a few from past years. Should provide a blueprint how I came this far and the basics I had to cover. This includes BLOCK trading, Fair Value Gaps, ICT & SMC concepts.
encryptedehs's Member Profile | Forex Factory

I have a question. Ukrain is taking part in Olympic this year and won 12 medals so far and 3 of them are gold. How come a country in War can take part in an Olympic event? I want this war to end real bad.
  • #48
  • Edited 3:59am Aug 22, 2024 3:37am | Edited 3:59am
Quoting tiptoptrade
{quote} You will notice i was always a reversal trader. I have erased all my casual threads and remained a few from past years. Should provide a blueprint how I came this far and the basics I had to cover. This includes BLOCK trading, Fair Value Gaps, ICT & SMC concepts. encryptedehs's Member Profile | Forex Factory I have a question. Ukrain is taking part in Olympic this year and won 12 medals so far and 3 of them are gold. How come a country in War can take part in an Olympic event? I want...
Will we be blocked for a politics at FF? I'm not a government employee and can only write my vision of it:
Every world-class event must be used by Ukraine to get as much attention to our country and the aggressive war of ruzzia against us as possible.
Just an opinion. Based on research
  • #49
  • Edited 4:21am Aug 22, 2024 4:10am | Edited 4:21am
Stopped
(Not a problem, testing the strategy, 1st post checklist done)
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+ few moments later:
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And the same situation if we take sell trade at M15 yesterday:
(But here we can say that the initial TP (higher band) is very litlle bigger then SL, so maybe not an AAA setup)
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Just an opinion. Based on research
  • #50
  • Aug 22, 2024 7:21am Aug 22, 2024 7:21am
Quoting since80808
Stopped (Not a problem, testing the strategy, 1st post checklist done) {image} + few moments later: {image} And the same situation if we take sell trade at M15 yesterday: (But here we can say that the initial TP (higher band) is very litlle bigger then SL, so maybe not an AAA setup) {image}
I would recommend you to try only m15 timeframe. You will get at most 1/2 opportunities per day making it easy to place order and manage. 1m can be real exhausting as you know you have to continuously watch price movement. According to a source, we humans are not equipped with taking more than 3 good well thoughout trading decisions per day. When you watch and watch, take trades after trades, get into a loosing spiral, you loose your head. You overthink, overoptimize and end up with a nightmare.

If you still want to trade m1, you need to make sure you only take AAA setups with - excellent SL & TP difference, Signals are not jolted which is hard if you manually take trades coz you dont know when those AAA setups will come which will lead you to over watch the pair and loose a lot of stamina. This goes with every strategy or any strategy you follow.

Try m15. The best part is you will know by looking at chart that you will not have any trade in 3 hours. You know if there's no news today then you only expecting volumes during 3 major bank open hours as in TOKYO, LONDON & NY. and the day you have news, you know you have bank hours and in addition news events.

in m15 you only need to worry about those pick hours and wait for signals to print and check if SL & TP distance are suitable. That's it. If you loose, you learn why. If you win you learn How. Rinse and repeat!
  • #51
  • Aug 22, 2024 9:00am Aug 22, 2024 9:00am
Quoting tiptoptrade
If you loose, you learn why. If you win you learn How. Rinse and repeat!
I quoted you with respect. Just wanted you to know.
https://www.forexfactory.com/thread/...3#post14972753

  • #52
  • Aug 23, 2024 1:32am Aug 23, 2024 1:32am
Quoting walvekarraje
{quote} I quoted you with respect. Just wanted you to know. https://www.forexfactory.com/thread/...3#post14972753
wkwkwk...
  • #53
  • Aug 23, 2024 3:14am Aug 23, 2024 3:14am
Quoting walvekarraje
{quote} I quoted you with respect. Just wanted you to know. https://www.forexfactory.com/thread/...3#post14972753
Thank you for taking time to quote this thread.

I wish I could code this to an EA. Last night i missed a good trade just bcz I wasnt by my pc. Or can you provide me the source code of your indicators?

Again thanks and appreciate what you have developed.
  • #54
  • Aug 23, 2024 6:00am Aug 23, 2024 6:00am
Quoting tiptoptrade
{quote} Thank you for taking time to quote this thread. I wish I could code this to an EA. Last night i missed a good trade just bcz I wasnt by my pc. Or can you provide me the source code of your indicators? Again thanks and appreciate what you have developed.
If you share/send the Cap Channel Indicator source code, I’ll create one for this thread for MT4 and MT5.
Software Developer and Music Producer
News Fundamentals All Time Return: 1,159.1%
  • #55
  • Aug 23, 2024 7:54am Aug 23, 2024 7:54am
Yesterday night trades (end of NYO)
Different lot sizes - so not about total sum (my fault - was playing with other ideas)
Trades that closed positive but not TP - manual close at the opposite band
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If we count every trade as 0.15 lot (last four x15) then brutto total is $53.09 green
Just an opinion. Based on research
  • #56
  • Edited 8:18am Aug 23, 2024 8:08am | Edited 8:18am
Hello TipTop!
Quoting tiptoptrade
you are targeting MID BAND which is dynamic
How do you operate with situations like this?
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(Not about sessions and timing)
Moving our direction, no touch/TP and moving against us. Move SL to BE at some moment or set-and-forget or manual close (then when)?

Thank you for your experience sharing!
Just an opinion. Based on research
  • #57
  • Aug 23, 2024 9:22am Aug 23, 2024 9:22am
you must go to lower TF or choose another volatile instrument or ,,,

all of all is welcome to art of trading !!
  • #58
  • Aug 23, 2024 10:15am Aug 23, 2024 10:15am
Quoting FF Index
you must go to lower TF
DURING the trade is on going? To see BOS? What for? You can see it in several minutes after every trade opening - then what?
Quoting FF Index
choose another volatile instrument
DURING the trade is on going?
Quoting FF Index
all of all is welcome to art of trading !!
Great solutions about everything and nothing.
Just an opinion. Based on research
  • #59
  • Aug 24, 2024 4:53am Aug 24, 2024 4:53am
Quoting tiptoptrade
{quote} can you provide me the source code of your indicators?
All source codes for all indicators are in my first post in the guppy reinvented thread.
I have started experimenting with TM CG NRP indicator in my system and the initial results are very promising for reversal trades.
With kind regards
  • #60
  • Aug 25, 2024 7:25am Aug 25, 2024 7:25am
Quoting jblanked
{quote} If you share/send the Cap Channel Indicator source code, I’ll create one for this thread for MT4 and MT5.
Try this one
Attached File(s)
File Type: mq4 TMA+CG mladen NRP.mq4   19 KB | 370 downloads
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