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Guppy re-invented

  • #1,241
  • Sep 9, 2024 3:10am Sep 9, 2024 3:10am
The Weekly histogram on H4 chart is too far fetched for me. I am used to trade H4 without any HTF histogram. A basic technical analysis is maximum requirement to read the charts.

Attached Image (click to enlarge)
Click to Enlarge Name: gu profit.png Size: 68 KB


This can be considered as a failed breakout.

GU was in nice uptrend. Lastly it formed a lower low and lower high. Note that it tried to get support at TE 51 but failed to break the previous high.Break of TE 51 again after a lower high is good enough to go short. White vertical line is entry candle.
First Target already done, SL to breakeven for second lot.
D1 histogram in favour of short But W1 histo bullish (which i ignored).
Now will not trail SL till APB candles print magenta.
  • #1,242
  • Sep 9, 2024 8:17am Sep 9, 2024 8:17am
Quoting walvekarraje
{quote} The weekly histogram is Lime since march 2024 on H4 If you scroll back the chart, more than 80% the times the weekly histogram is bullish. Probably it is wise to wait for buying opportunity rather than going short.
That's exactly right, I agree. I missed to check the weekly histogram from the past. For this reason, I think it's good that we talk about it before we place an order.
This might be the right way to learn more about it. Furthermore, we now know that in this case it is unnecessary to wait for the weekly hitogram.

Thank you Dr. for this important information.

Kind regards
Don't trade because you think you have to do something.
  • #1,243
  • Edited 10:59am Sep 9, 2024 8:37am | Edited 10:59am
Quoting walvekarraje
The Weekly histogram on H4 chart is too far fetched for me. I am used to trade H4 without any HTF histogram. A basic technical analysis is maximum requirement to read the charts. {image} This can be considered as a failed breakout. GU was in nice uptrend. Lastly it formed a lower low and lower high. Note that it tried to get support at TE 51 but failed to break the previous high.Break of TE 51 again after a lower high is good enough to go short. White vertical line is entry candle. First Target already done, SL to breakeven for second lot. D1 histogram...
I like it.
We definitely have to acustumbrate us to read the charts correctly in that way, which also improves our experience. I feel, that we need much more convesations about the trading, even if one sometimes have to repeat some things.

Kind regards
Don't trade because you think you have to do something.
  • #1,244
  • Sep 9, 2024 3:30pm Sep 9, 2024 3:30pm
Quoting walvekarraje
{image} GU was in nice uptrend.
Now that the last two candles have closed below the previous support, the logical target will be 61.8% fibo retracement and second 50%.
Let us see how long this trend continues. SL shifted to previous candle high which is well above the previous support.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4.png Size: 74 KB

  • #1,245
  • Sep 10, 2024 12:22am Sep 10, 2024 12:22am
Hello dear Doctor!
Quoting walvekarraje
If the APB body color changes but Rsioma do not, it is time to trail SL to minimise loss. When any of the Rsioma also change color, its time to exit the trade
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB

So looking at the previous candle is it time to minimize SL? But it looks like uptrend pullback - no?
And looking at the curent candle (if it close magenta) is it time to close the trade?

Or maybe "ABP+RSIOMA color rule" is for profit (the second) trades only (not for moving the initial SL)?

Thank you
Just an opinion. Based on research
  • #1,246
  • Sep 10, 2024 1:20am Sep 10, 2024 1:20am
Quoting since80808
Hello dear Doctor! {quote} So looking at the previous candle is it time to minimize SL? But it looks like uptrend pullback - no? And looking at the curent candle (if it close magenta) is it time to close the trade? Or maybe "ABP+RSIOMA color rule" is for profit (the second) trades only (not for moving the initial SL)? Thank you
Previous candle : consolidation candle. No action required.
Current candle : Magenta APB (body and wicks) with Gann 9 sell alert and change in Rsioma color... square off long trade irrespective of profit / loss at the close of the candle.

Suggest to make your bar chart color to none so the APB candles will be clearly visible, especially the wicks.
  • #1,247
  • Edited 6:22am Sep 10, 2024 6:11am | Edited 6:22am
Quoting since80808
Hello dear Doctor!
The same chart on the same timeframe.
Let us analyse it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.png Size: 72 KB



EURNZD is in downtrend as per basics of technical analysis. Lower high, lower low, previous support acts as resistence (marked by arrows) etc etc. A keen eye might notice Rsioma divergence also.
As per our chart if at the close of the candle 1) The Gann 9 alert persists . 2) The Rsiomas remain red and curving down from the overbought zone. 3) ignoring the D1 histogram , The weekly histo is bearish....

https://www.forexfactory.com/thread/...2#post14985772
As suggested by Michael " where all trading conditions could probably be met shortly, but only in the H4 chart."

Any reason not to go short?
  • #1,248
  • Sep 10, 2024 6:40am Sep 10, 2024 6:40am
Quoting walvekarraje
EURNZD is in downtrend as per basics of technical analysis
My bad - I agree with your analysis according to the previous trend and the current resistance. (But I see HH and HL in the "new" (fake? mini?) uptrend)
Quoting walvekarraje
Any reason not to go short?
As for me - guppy under the current candle As I understand it's a continuation signal for you - you are brave enough to take continuations on such an old trend - not for my nerves
Just an opinion. Based on research
  • #1,249
  • Sep 10, 2024 6:49am Sep 10, 2024 6:49am
Quoting since80808
{quote} As for me - guppy under the current candle
Perfect answer "As for me - guppy under the current candle " are lime...

" As I understand it's a continuation signal for you" Not until I get the TE 51 sell alert on the candle close. And all indicatore turn red/magenta.
  • #1,250
  • Sep 10, 2024 7:46am Sep 10, 2024 7:46am
Hello, greetings to all, I have a question. Does anyone operate the system with m5? I'm doing it and I'm amazed by my results, and I don't let the TP reach me. I do very short scalping and I usually close in manual, but even so, I have 2. 85% of the account is positive, the system is great, José
  • #1,251
  • Sep 10, 2024 12:24pm Sep 10, 2024 12:24pm
Good morning all,

Interesting thread. Just noticed so thought I'd follow along.
My chart looks very similar but the vertical lines differ slightly.
Any idea???
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 31 KB
  • #1,252
  • Sep 10, 2024 2:10pm Sep 10, 2024 2:10pm
Quoting spyderman
Good morning all, Interesting thread. Just noticed so thought I'd follow along. My chart looks very similar but the vertical lines differ slightly. Any idea???
Your vertical lines are correctly placed. Don't worry.
  • #1,253
  • Sep 11, 2024 10:39am Sep 11, 2024 10:39am
Thanks Dr,

Another question. You referenced the "data window" regarding the placement of the MA's. Am I missing that, where's the data window. I'll I see is the OHLC data?

Thanks
  • #1,254
  • Sep 11, 2024 11:34am Sep 11, 2024 11:34am
Quoting spyderman
Thanks Dr, Another question. You referenced the "data window" regarding the placement of the MA's. Am I missing that, where's the data window. I'll I see is the OHLC data? Thanks
Press Ctrl+D, it will open data window, where you can read data you are looking for.
  • #1,255
  • Sep 11, 2024 1:44pm Sep 11, 2024 1:44pm
Quoting walvekarraje
{quote} Now that the last two candles have closed below the previous support, the logical target will be 61.8% fibo retracement and second 50%. Let us see how long this trend continues.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5.png Size: 74 KB


Got 61.8% target. Now second TP at 50%.
  • #1,256
  • Edited 1:07pm Sep 12, 2024 12:55pm | Edited 1:07pm
I leave you with some entries taken now. Some of them are continuations of the trend, these are in my opinion the safest.
Please give constructive criticism.
Sorry doctor, I have adjusted the colors to my eyes, I hope you understand. I also added a filter that I am testing, I hope it improves reliability, in a while I will have the results.
Attached Image (click to enlarge)
Click to Enlarge Name: 12_09_24 EURAUD H4.JPG Size: 259 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 12_09_24 EURCAD H4.JPG Size: 242 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 12_09_24 GBPAUD H4.JPG Size: 256 KB
Wisdom is gained little by little. Don't be in a hurry "FOCUS".
  • #1,257
  • Edited Sep 13, 2024 10:35am Sep 12, 2024 2:31pm | Edited Sep 13, 2024 10:35am
Long AUDUSD.

EDIT: Out -2 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-ig-group-limited.png Size: 21 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,258
  • Sep 17, 2024 6:23pm Sep 17, 2024 6:23pm
I just made this trade at 22:26 GMT time.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 37 KB


Kind regards
Don't trade because you think you have to do something.
  • #1,259
  • Sep 17, 2024 8:31pm Sep 17, 2024 8:31pm
Quoting Michael.MSA
I just made this trade at 22:26 GMT time.
Trades taken yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: Gu 6.png Size: 83 KB


The GBPAUD trade analysis.... Equal highs followed by lower low lower high meaning resistance followed by start od downtrend, previous highs acting as resistance....followed by TE 51 and Gann 9 alert on the same candle and D1 histo turning magenta on the same candle...perfect short entry at the close of candle. Michael was worried about the previous low acting as support but all indicators were bearish, hence i had TP of one lot well below. that TP was triggered, so now SL of second lot trailed just above previous low.
  • #1,260
  • Sep 18, 2024 3:19am Sep 18, 2024 3:19am
Hi together,

is there any backtest here?
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