Guppy re-invented

Hi sikocan
You've already posted some very good entry points.

But maybe I can give you a few more pointers.

First, look at the H4 chart; if there's a vertical green line, look for a buy order by making sure all other indicators are also green.
Then look at the H1 chart and look for confirmation for an entry; all of them should also be green. For a sell, everything should be red, of course.
Before you enter, you should be sure that your trade is moving in the direction of the trend.

Try short trades; this increases your chances of profit.
Another option would be the new Rajesh indicator.
Judging by the photo he posted, it's the best indicator to help you decide when to enter a trade.

Your chart is very good, but try adding the new Rajesh indicator. I imagine trading will be much easier.

Kind regards

Dear Michael,

Thank you for the feedback, hopefully the new Rajesh indicator will come in soon. I suspect this is a trade I should jump into for a Buy/Long. I've also developed a new PDF with instructions to make it easier and remind me often. I'll actually stop lot of developoing lot of scritps I made - and just focus on this simpler method. Keep it stupid and simple, KISS.
H1 chart also attached. Have a wonderful weekend.

[quote=sikocan;15277188]Dear Michael, Thank you for the feedback

Hi sikocan
When I look at GBPJPY, I don't really see a good trend. There's only a small trend in the M15. That could be traded up to a maximum of 195,840. As I've already mentioned, I like short trading ranges.

On the H1 chart, the two red candles bother me. The entry was where the green vertical line is. Based on the H1 chart, I would consider that a re-entry. As I said, the M15 looks good, see RISOMA.

The H4 candle is much smaller than the previous one, which I don't like.

For a better trend assessment, it's also good to look at the W1 and D1 charts.
Caution is also advised, because the price has almost reached an important resistance level, which it will surely reverse a bit, or a lot.

Also a nice weekend for you

Kind regards

[quote=sikocan;15277188]Dear Michael, Thank you for the feedback.

Hi sikocan
I just skimmed through your PDF document. You've summarized a lot of good rules. You've done a very nice and interesting job.

But every trader sees things from their own perspective and experience. Just as charts look different from broker to broker, everyone trades a little differently. So it could be that traders don´t like so much rules, so dont be sad about that.

But as I said, I like your trading document.
I also like "KISS."

Kind regards

Dear Michael,

Thank you for your feedback - I did go back and did some screen drawing / etc see attached photos, I totally agree with you that this is a "I would consider that a re-entry" re-entry as you've put it - for some reason it was not clear to me and thank you for clarifying it out. Please excuse my horrible graphics - but I can see why.

This is also a very good observation:
" The H4 candle is much smaller than the previous one, which I don't like."
It makes sense, for going up trends, it's better to have a big candle then bigger candle - vice versa for downtrend, big magenta candle then bigger magenta candle is a good observation.!


And also you are right in the 15min chart - if there was another histogram for 2nd HTF to be green it would be a good uptrend buy.

[quote=sikocan;15277372]Dear Michael, Thank you for your feedback - I did go back and did some screen drawing / etc see attached photos,.

Hi silkocan.
Your images are good and well explained. They will certainly be helpful. But please don't forget, indicators are like little robots; they can't think for themselves; they can't do what you don't teach them. The job of an indicator is to alert the trader, nothing more.

The trader has to do the thinking. Furthermore, the foundation of successful trading is knowledge of the resistance and support levels on all timeframes. For me, this is a huge help for successful trading.

The trading system developed by Dr. Rajesh is the best I've seen in 11 years of trading, but the trader still needs to be able to think to make the right decisions.

Kinder regards

[quote=Michael.MSA;15277295][quote=sikocan;15277188]Dear Michael, Thank you for the feedback.

Hi sikocan When I look at GBPJPY, I don't really see a good trend. There's only a small trend in the M15. That could be traded up to a maximum of 195,840. As I've already mentioned, I like short trading ranges.

Update:
Could you see what I mean? Short trade, that's it. But it was only visible on the M15.
That doesn't mean it was a trading recommendation, though. For example, I don't trade on the M15.
I just watch it.

Kind regards

Hi Michael,

Today, I went through over 30 charts, in H4 practicing reading charts looking for opportunities, the more you look, the more you see. And if a chart looked interesting, look at it again in different time frames to see the full picture. It's important to keep notes of forex pairs to check back again next day, see if it's getting to a good trend opportunity. Finding new trends takes time, not easy and and you need to be like a fox, regularly check the one you made note of, but, looking for pullbacks are very common and everywhere but need to aware and alert and cash in when you can.

A quick question please, for setting SL/TP, I enter a trade with H4/H1 chart, should I set TP and SL based on D1 chart 21 Guppy lines or same time frame as H4 or H1? Any guidance on this?

Hi sikocan

Please,
Dr. Rajesh could answer this question better than I can.
Since I can't actively participate in trading during peak trading hours, I've adjusted my trading to my available trading time, but that's not relevant to this thread.

For a better view of a trend, I recommend the ZigZag indicator. This makes the chart look clearer.
However, it should not be associated with Dr. Rajesh's trading system.

Kind regards

I think I'll stick with this explanation, what do you think?

Step 1: H4 Analysis (Setup)

1. Identify the overall trend direction on H4
2. Look for pullback patterns forming
3. Wait for H4 to show potential setup but don't enter yet

Step 2: H1 Entry (Precision)

1. Drop down to H1 for precise entry timing
2. Wait for pullback completion on H1
3. Look for continuation signals on H1:
   1. All indicators turn same color as H4 trend
   2. Gann vertical line appears
   3. APB candles confirm direction
   4. RSIOMA crosses favorably

Why This Works Better

1. Better Risk/Reward: Smaller stop losses on H1 entries
2. Precise Timing: Catch the exact turning point
3. Reduced Drawdown: Enter closer to support/resistance
4. Higher Probability: H4 trend + H1 timing = stronger setup

Practical Example from the Discussion
Dr. Walvekarraje showed this exact scenario:

1. H4: Clear downtrend, pullback forming
2. H1: Wait for pullback to complete, then short on continuation signal
3. Result: Much better entry price than waiting for H4 candle close

Entry Confirmation Checklist (H1)
When H4 shows setup, wait for H1 to show:

1. Gann vertical line (entry trigger)
2. All indicators same color as H4 trend direction
3. APB candle confirms direction
4. RSIOMA not in extreme zones
5. Price respects H4 guppy levels

MTF Template Advantage
The MTF (Multi-TimeFrame) template makes this even easier because:

1. You can see H4 guppies on H1 chart
2. Histogram shows H4 trend direction
3. Single chart analysis instead of switching timeframes

Key Quote from Dr. Walvekarraje:
"Let the current time frame guppy pull back to MTF guppy. Take trade on the close of the candle"
This means: Watch H1 price pull back to the H4 guppy levels (shown as the second set of moving averages on MTF template), then enter when H1 confirms continuation.
H4 for the big picture, H1 for the precise entry. This approach significantly improves your risk/reward ratios while maintaining the reliability of the H4 trend analysis.

[quote=sikocan;15278673]I think I'll stick with this explanation, what do you think?

Hi sikocan.
I think you could test it out in a demo account, but then at 100%, meaning you shouldn't change any of that rules, because you get impatient.

In that way you can gain experience that will make the trading a bit easier for you.

Kind regards

Have been away ill, will drop some charts soon. Also the market has been iffy

AUS200 to TP x2

Looks like continuation starting - awaiting confirmation from PBC alert. I would enter a small trade if on the close of candle a white PBC alert was available.

The grey wick did come through - market is not sure what to do - didn't end up trading it.
Everything is now killing JPY, arrived a little late to the party, but I'll ride what's left for EURJPY.

A quick update...

The EURJPY order, I did ride it for a short time and left it with a small profit and used the Risk Management strategy recommended, setting the stop loss of 2nd order as the entry price to let it ride - which ofcourse it the stop loss - so I still came out on top.
As the consequences were quite high later on as shown in the chart.

This morning - I did get a notification of a Gann Hi-Lo Green alert - upon inspection, I jumped on this trade which is AUS200 - which I entered numerous trades at 8757 range as shown, the H1/H4 and D1 were all uptrend, RSIOMA/Guppies all looked good and so I'm still riding it - and being patient not to take profit / close early yet - just let it ride which is very very difficult task for me to do personally, as from many poor previous trading style always taking profit when I see it and entering at wrong prices - it's very hard to discipline myself and just let the risk management do it's job. Risk Management is very very important and very very difficult to master. I remember reading a book which I forgot the name, but it said this:
"Amateurs focus on making money, professionals focus on managing risk." Trading the opposite direction of strong trend is kamikaze trading, killing yourself. Traders lose money, short term traders always lose money, with this strategy we're all learning, we'll make more winning long trades then losing long trades - sure we'll lose some more, but we'll win more.

Anyway - just wanted to share an update.

Again Dr, thank you very much for sharing your knowledge - I take this on as a religion and will keep studying and learning it more and more. Have a great weekend and pots of money for everyone!

I missed the AUS200 trade, would of been at 4:50am

Would have entered there

I took these puppies home and left other 4 with a just above entry level and trail them.

TO show that it's not all good news, I've made a terrible mistake of entering without analysing carefully other day, this was the result on EURGBP - bad decision to make, I went back and learned my mistake.

20 Minutes to go, Would you trade this? Trend Continuation? Buy/Long at next candle?
H1 & D1 agrees, but not H4. From market correlation in another tool, I can see the power of EUR over GBP still strong, going for over 80 days.
Star just appeared.

Next candle - still had red guppy lines - so waiting game. The star disappeared after candle close.