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Guppy re-invented

  • #1,181
  • Sep 2, 2024 10:05pm Sep 2, 2024 10:05pm
Quoting bitgiggy
{quote} Doc do you not wait for both histograms to be in alignment or is it because you’re trading H4 you consider the trend already established?
same question :think:
  • #1,182
  • Edited 10:42pm Sep 2, 2024 10:27pm | Edited 10:42pm
Quoting bitgiggy
{quote} Doc do you not wait for both histograms to be in alignment or is it because you’re trading H4 you consider the trend already established?
Hi bitgiggy.
This chart is an H4 chart, the top histogram is D1, the bottom one shows the weekly histogram.
So the weekly histogram is colored magenta because the main weekly trend is SELL. The daily histogram shows a small BUY, which was already stopped at a resistance at 0.57861.

To get back to your question. With such a trading entry against the main trend, it makes no sense to wait for the weekly histogram. In most cases it is only a short, quick trade that takes place, which should be monitored carefully after entry. I hope I explained this correctly.

With kind regards
Don't trade because you think you have to do something.
  • #1,183
  • Sep 3, 2024 12:30am Sep 3, 2024 12:30am
Quoting Michael.MSA
{quote} Hi ozkanim, I'm realy surprised. Maby you can ask Dr. Rajesh if he can explain his trading strategy to you again. If one see something like that on your chart, one quickly get the impression that something about his trading strategy is still not understood. With kind regards.
Hi. Hi. What do you mean? I don't understand you. Why should I ask the doctor to explain? What's the connection between the message I wrote and this message of yours?
  • #1,184
  • Sep 3, 2024 4:16am Sep 3, 2024 4:16am
hello kind doctor, I want to ask, maybe the doctor will answer, what broker should be used and what broker have you been using so far?, on the front page you said you did not trade in forex, have you switched to forex now? sorry, my English is bad..
  • #1,185
  • Sep 3, 2024 5:12am Sep 3, 2024 5:12am
Closed USDCHF +1 pip, going sideways.
"Be the change that you wish to see in the world." --Gandhi
  • #1,186
  • Sep 3, 2024 8:19am Sep 3, 2024 8:19am
Quoting ozkanim
{quote} Hi. Hi. What do you mean? I don't understand you. Why should I ask the doctor to explain? What's the connection between the message I wrote and this message of yours?
Don't worry if you don't understand.

Kind regards.
Don't trade because you think you have to do something.
  • #1,187
  • Sep 3, 2024 1:20pm Sep 3, 2024 1:20pm
Quoting Michael.MSA
{quote} Don't worry if you don't understand. Kind regards.
Look if I ask you a question then answer me. Please don't pollute the form by sharing your personal thoughts about a message I have written to the general public or to someone else by violating people's personal rights here. know your place!
  • #1,188
  • Sep 3, 2024 6:04pm Sep 3, 2024 6:04pm
Short USDJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4-ig-group-limited.png Size: 19 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,189
  • Sep 3, 2024 6:45pm Sep 3, 2024 6:45pm
Quoting Wally1953
Short USDJPY. {image}
Hi Wally.
Isn't it a bit early to enter? At the moment the price is stuck at a support line in H1.
The D1 histogram is still green. I think the H4 candle would be better if it is completely outside of the green guppies. Risoma is also not where it should be. I hope you get good luck, at least the main trend is in SELL, so it could work, but it's still quite a high risk.

Kind regards
Don't trade because you think you have to do something.
  • #1,190
  • Edited 10:38pm Sep 3, 2024 10:26pm | Edited 10:38pm
Hi everyone.

I would like to present an idea:
But first a short introduction.

What do you think is the most dangerous thing in trading? There are certainly several things, but what I mean is the success in trading, which I'm sure many of you already had.
So anyone who is successful in trading feels good and safe, and that is exactly what is dangerous. Then you come up with the idea to do it even better now, because you believe that now I got it, that's how it works, and what works with few money will work also with more money.

To open a trading order in itself is not difficult, but it is difficult not to do anything, to wait patiently and to observe.
And that's exactly where my idea comes in:
There are many people in this group who all like to respect the tradingsystem from Dr. Rajesh. We all operate in many different time zones, what is very good for us. So we all could trade together.

So, if you want, you can post signals from your favorite trading pairs every day, every moment, like Wally1953 is doing. So I mean in the H4 timeframe chart, where all trading conditions are met like Dr. Rajesh showed us. Or where all trading conditions could probably be met shortly, but only in the H4 chart.
Then don't trade immediately, first communicate about it with different people who are currently online. In the H4 chart we have more time, the candles don't change so quickly, which is a big advantage.

Don't forget: We could also create a few internal rules, such as: no trading on fridays from the second half of the day, or being particularly careful when there is red news, etc. Anyway whatever you mean could be important for a rule.

Then everyone can open his trades together with the group members at the same time, in demo or live account.

I am convinced that we will learn from each other very quickly and safely and can become a very good trading community. This is certainly not only a lot of fun, but also definitely brings profits.

How do you like this idea?

With kind regards
Don't trade because you think you have to do something.
  • #1,191
  • Sep 4, 2024 12:58am Sep 4, 2024 12:58am
Quoting Michael.MSA
Hi everyone. I would like to present an idea: But first a short introduction. What do you think is the most dangerous thing in trading? There are certainly several things, but what I mean is the success in trading, which I'm sure many of you already had. So anyone who is successful in trading feels good and safe, and that is exactly what is dangerous. Then you come up with the idea to do it even better now, because you believe that now I got it, that's how it works, and what works with few money will work also with more money. To open a trading...

I like this idea
  • #1,192
  • Sep 4, 2024 2:25am Sep 4, 2024 2:25am
Be careful if you SWING.
Another STOP due to the increase in the spread of the brokers due to lack of liquidity, this problem has a bad solution. You cannot operate with adjusted or normal stops at this time. We went from 0.7 to 19 pips of Spread.
Is it worth operating with double stops?

Reflection:

1st If the first lot is a 1:1 ratio under normal circumstances, wouldn't it be better to consider 2:1 since the spreads in hours of low liquidity are excessively high and this causes us to have more losses. Therefore the 1:1 ratio is unrealistic.

2nd To improve the statistics for this reason, we cannot ADJUST THE STOP in a graph smaller than H4, so it would not be better for the smallest operations graph to be H4, so the main graph would be D1.

I would like to discuss this topic and know what the doctor thinks, since he is the one with the most experience in this system.

If we do INTRADAY this should not affect us.
Attached Image (click to enlarge)
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Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,193
  • Sep 4, 2024 2:29am Sep 4, 2024 2:29am
[quote=Michael.MSA;14985772]Hola a todos. Me gustaría presentar una idea: Pero primero una pequeña introducción. ¿Qué creen que es lo más peligroso en el trading? Seguramente hay varias cosas, pero a lo que me refiero es al éxito en el trading, que estoy seguro que muchos de ustedes ya han tenido. Así que cualquiera que tenga éxito en el trading se siente bien y seguro, y eso es exactamente lo que es peligroso. Entonces se les ocurre la idea de hacerlo aún mejor ahora, porque creen que ahora lo entiendo, así es como funciona, y lo que funciona con poco dinero también funcionará con más dinero. Abrir una orden de trading en sí no es difícil, pero es difícil no hacer nada, esperar pacientemente y observar. Y ahí es exactamente donde entra mi idea: Hay muchas personas en este grupo a las que les gusta respetar el sistema de trading del Dr. Rajesh. Todos operamos en muchas zonas horarias diferentes, lo que es muy bueno para nosotros. Así que todos podríamos operar juntos. Entonces, si quieres, puedes publicar señales de tus pares de trading favoritos todos los días, en todo momento, como lo hace Wally1953. Me refiero al gráfico de marco temporal H4, donde se cumplen todas las condiciones de trading, como nos mostró el Dr. Rajesh. O donde probablemente se puedan cumplir todas las condiciones de trading en breve, pero solo en el gráfico H4. Entonces no operes de inmediato, primero comunícate con diferentes personas que estén en línea en ese momento. En el gráfico H4 tenemos más tiempo, las velas no cambian tan rápido, lo cual es una gran ventaja. No lo olvides: también podríamos crear algunas reglas internas, como: no operar los viernes a partir de la segunda mitad del día, o ser especialmente cuidadoso cuando hay noticias rojas, etc. De todos modos, lo que sea que quieras decir podría ser importante para una regla. Entonces todos pueden abrir sus operaciones junto con los miembros del grupo al mismo tiempo, en una cuenta demo o real. Estoy convencido de que aprenderemos unos de otros muy rápido y de forma segura y podemos convertirnos en una muy buena comunidad de trading. Esto ciertamente no solo es muy divertido, sino que también definitivamente trae ganancias. ¿Qué te parece esta idea? Un cordial saludo.

Excellent idea.
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,194
  • Sep 4, 2024 3:03am Sep 4, 2024 3:03am
Quoting RafaBy
Cuidado si haces SWING. Otro STOP por el aumento del spread de los brokers por falta de liquidez, este problema tiene mala solución. No se puede operar con stops ajustados o normales en estos momentos. Pasamos de 0,7 a 19 pips de Spread. ¿Merece la pena operar con doble stops? Reflexión: 1º Si el primer lote es un ratio 1:1 en circunstancias normales, no sería mejor plantearse 2:1 ya que los spreads en horas de baja liquidez son excesivamente altos y esto hace que tengamos más pérdidas. Por tanto el ratio 1:1 es poco realista. 2º Para mejorar las...
The hour from the close of the NY session to the Sydney opening every day there is a significant increase in spreads and this must be taken into account if you have an open trade because a tight stop may possibly be swept in that time frame. Then, you have to be in that hour pending of the operation, either you remove the stop (not recommended) or you enlarge it until the storm passes.
  • #1,195
  • Edited 7:42am Sep 4, 2024 6:31am | Edited 7:42am
Quoting Michael.MSA
{quote} Hi Wally. Isn't it a bit early to enter? At the moment the price is stuck at a support line in H1. The D1 histogram is still green. I think the H4 candle would be better if it is completely outside of the green guppies. Risoma is also not where it should be. I hope you get good luck, at least the main trend is in SELL, so it could work, but it's still quite a high risk. Kind regards
Hi Michael. At this point it has broken through that support line and seems to be heading in right direction. I will try to pay more attention to price action, support/resistance, before taking a trade. Thanks for pointing that out!

EDIT: SL moved to BE, seems to be consolidating. Also red news at 10:00 EST.
"Be the change that you wish to see in the world." --Gandhi
  • #1,196
  • Sep 4, 2024 8:23am Sep 4, 2024 8:23am
Quoting Wally1953
{quote} Hi Michael. At this point it has broken through that support line and seems to be heading in right direction. I will try to pay more attention to price action, support/resistance, before taking a trade. Thanks for pointing that out! EDIT: SL moved to BE, seems to be consolidating. Also red news at 10:00 EST.
You mean this message, "9:00am USD JOLTS Job Openings". In my place, Lima it´s at 9:00 in the morning. I hope that give your trading order a push in the right direction, would be great.

Kind regards
Don't trade because you think you have to do something.
  • #1,197
  • Sep 4, 2024 8:37am Sep 4, 2024 8:37am
Quoting Michael.MSA
{quote} You mean this message, "9:00am USD JOLTS Job Openings". In my place, Lima it´s at 9:00 in the morning. I hope that give your trading order a push in the right direction, would be great. Kind regards
Yup, that's the one. At 10 in morning my time, in 25 minutes.
"Be the change that you wish to see in the world." --Gandhi
  • #1,198
  • Sep 4, 2024 8:44am Sep 4, 2024 8:44am
Quoting Wally1953
{quote} Yup, that's the one. At 10 in morning my time, in 25 minutes.
Don't trade because you think you have to do something.
  • #1,199
  • Sep 4, 2024 8:47am Sep 4, 2024 8:47am
Dear friends.

That´s exactly what we should waiting for. It's only the red news that might be annoying now.
Attached Image (click to enlarge)
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Kind regards
Don't trade because you think you have to do something.
  • #1,200
  • Sep 4, 2024 9:05am Sep 4, 2024 9:05am
USDJPY TP hit thanks to news, 123 pips.
"Be the change that you wish to see in the world." --Gandhi
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