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The Ultimate Guppy Multiple Moving Average (GMMA) Thread

  • #21
  • Aug 30, 2007 3:42am Aug 30, 2007 3:42am
Hi,
thank you for your answer! With due respect to you, and knowing that i have still have a very limited experience in the fx market, i found that the time frame is important, especially concerning what indicators one uses and what settings one applies to these indicators...So that's why i am wondering about BWR's or your time frame. At the moment, following Linuxtroll's advices, i try my hands at the 1 min TF....
Again thank you for your comments!
All the best, xrbor
  • #22
  • Aug 30, 2007 8:25pm Aug 30, 2007 8:25pm
Quoting xrbor
Hi,
thank you for your answer! With due respect to you, and knowing that i have still have a very limited experience in the fx market, i found that the time frame is important, especially concerning what indicators one uses and what settings one applies to these indicators...So that's why i am wondering about BWR's or your time frame. At the moment, following Linuxtroll's advices, i try my hands at the 1 min TF....
Again thank you for your comments!
All the best, xrbor
BWR's?

I'll repeat that IMO whether you use a 14,3,3 stoch or a 5,3,3 stoch, or whatever, unless you really understand WHY you are using the indicator, and better yet, WHEN to use it, then you will lose money.

As for timeframes--they are very important. Let me truly advise you to FORGET any time frame smaller than 1 hour. Better yet, stick to 4H or daily charts. You will not make money on a 1M time frame, or a 5M, or a 15M, if you are new. Of course, if you're new you should be trading a demo account or a very very small live account anyway, so it shouldn't matter. But there is far too much noise on a 1M chart--for anyone new, trading it is effectively a way to throw away your money.
  • #23
  • Sep 3, 2007 8:37am Sep 3, 2007 8:37am
Compression among ALL guppy MAs for EURUSD daily => Price agreement... which we know can't last for very long... => big price move coming soon.
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  • #24
  • Sep 9, 2007 7:17pm Sep 9, 2007 7:17pm
I agree with Josh that the actual setings are not that important as understanding HOW they work, the default settings work fine but for calrincy(spelling?) i will share my settings since the question was asked
stoch 9,5,5
macd 13,27,8

why those settings? I just like the way the waves turn out. It seems a little bit more clearer than other settings and seems to fit well with the guppy mmas. But like I said the default settings work just fine. As for the time frame 1hr and up. Stay away from 1 min, 5 and 15. If you are a scalper than this method is not for you, this method is for identifying trends on the long term. Ride big waves not little ones.
Just Trade It
  • #25
  • Sep 9, 2007 7:44pm Sep 9, 2007 7:44pm
Quoting Big Wave Rider
I agree with Josh that the actual setings are not that important as understanding HOW they work, the default settings work fine but for calrincy(spelling?) i will share my settings since the question was asked
stoch 9,5,5
macd 13,27,8

why those settings? I just like the way the waves turn out. It seems a little bit more clearer than other settings and seems to fit well with the guppy mmas. But like I said the default settings work just fine. As for the time frame 1hr and up. Stay away from 1 min, 5 and 15. If you are a scalper than this method is not for you, this method is for identifying trends on the long term. Ride big waves not little ones.
Do not we see the big waves from 5sec or 30 sec or 1 min chart? LoL
  • #26
  • Sep 9, 2007 7:57pm Sep 9, 2007 7:57pm
Quoting linuxtroll
Do not we see the big waves from 5sec or 30 sec or 1 min chart? LoL
Yes you can see waves on those charts, but often they are choppy and short and not too good for surfing or making money. I just spent two weeks on vacation and didnt look at a single chart the whole time and I am still in profit from three weeks ago Hard to do that when you scalp the short term. but if it works for you more power to you. But with the long term you are not glued to the screen and can go out and enjoy life.
Just Trade It
  • #27
  • Sep 15, 2007 5:32pm Sep 15, 2007 5:32pm
Cable has been paddeling out and ready to stand up and surf this wave down, as so it looks on the 4hr. Plus the stoch on the daily is crossing down as well. All sings point south as far as this method is concerned. But I am still not 100% sure where its going to next with the fed cut and all. Also a possible C of an ABC correction on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 25 KB
Just Trade It
  • #28
  • Sep 29, 2007 4:03pm Sep 29, 2007 4:03pm
Hi. I am new to this thread. It is cathing my interest. Has anybody put together an EA for MetaQuotes for auto-trading with GMMA on FX. Welcome any comments on its possibility. Thanks. - Arun
  • #29
  • Edited 8:07pm Sep 29, 2007 7:39pm | Edited 8:07pm
Quoting Big Wave Rider
Yes you can see waves on those charts, but often they are choppy and short and not too good for surfing or making money. I just spent two weeks on vacation and didnt look at a single chart the whole time and I am still in profit from three weeks ago Hard to do that when you scalp the short term. but if it works for you more power to you. But with the long term you are not glued to the screen and can go out and enjoy life.
Oh! Thanks... You got everything wrong... Scalpers do not stay glue to the screen... One scalp and go on vacation... What would you do if the trend change when you are on vacation... Oh! you can not trade in bigger lots, so that you can absorb the big draw down... Can you sleep everyday?
FYI... Waves are not choppy... You can scalp and make more money than swing or day trading... LoL
  • #30
  • Sep 29, 2007 7:42pm Sep 29, 2007 7:42pm
Quoting Big Wave Rider
Cable has been paddeling out and ready to stand up and surf this wave down, as so it looks on the 4hr. Plus the stoch on the daily is crossing down as well. All sings point south as far as this method is concerned. But I am still not 100% sure where its going to next with the fed cut and all. Also a possible C of an ABC correction on the daily.
No need to guess when you trade on short time frame... GMMA and HMMA are good for active investment - not for trading... LoL
  • #31
  • Sep 29, 2007 7:48pm Sep 29, 2007 7:48pm
EUR/USD: Is it choppy?
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  • #32
  • Edited 11:07pm Sep 29, 2007 7:57pm | Edited 11:07pm
GBPUSD: Is it choppy? Nice move up ah! 400-500 pips... Can we short it and go out on vacation... Definitely not when we trade 100 lots... LoL
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  • #33
  • Oct 5, 2007 12:40am Oct 5, 2007 12:40am
I thought this was a GMMA thread, and as you've already said in your own thread Mr. Troll, your method is not GMMA. Since you already have a spot to advertise your E-Book, please leave this thread to the discussion of GMMA then. Thanks.
  • #34
  • Oct 5, 2007 1:19am Oct 5, 2007 1:19am
Quoting Pip Hunter E
I thought this was a GMMA thread, and as you've already said in your own thread Mr. Troll, your method is not GMMA. Since you already have a spot to advertise your E-Book, please leave this thread to the discussion of GMMA then. Thanks.

Yeah I agree however the rainbow is mma's just not the guppy method.
I had said that the guppy was not good for me on 15min or less time frames because I thought they were too choppy and inconsistant, plus I only trade higher time frames and yes I can sleep very well at night and yes I have left trades open while I went on vactation for more than two weeks. Its called a stop loss. So Mr. Troll asked me if I thought his charts were too choppy.
Not at all considering your showing a 6hr chart and not a 5 min chart. My whole point was clearly that, you can surf bigger waves on bigger timeframes.
But I am not here to complain or to say who's method is better and on which timeframe is better. What works for you does not work for me and vise versa.
Just Trade It
  • #35
  • Oct 5, 2007 2:39am Oct 5, 2007 2:39am
Smaller time = smaller vert movement for sure. It all scales. I'm doing some MA crossover scalping (tick charts), and I do like to be in and out of the market faster myself. If DG applied his experience to a short time frame that would be awesome
  • #36
  • Oct 6, 2007 10:15pm Oct 6, 2007 10:15pm
Quoting Pip Hunter E
I thought this was a GMMA thread, and as you've already said in your own thread Mr. Troll, your method is not GMMA. Since you already have a spot to advertise your E-Book, please leave this thread to the discussion of GMMA then. Thanks.
Are you a resident expert here to guide others? If you read the thread, I do not see much pure GMMA here... I see many forms of Multiple Moving Averages on this thread started in 2006 by Clam61... I am not advertising my e-book here ( i do not need marketing) and I wrote my comment here with a picture of another Multiple Moving Average (Rainbow)... Even Daryl Guppy has a pointer to the Rainbow from his site... Mind your own business and get your own thread...
  • #37
  • Edited 11:55pm Oct 6, 2007 10:20pm | Edited 11:55pm
Quoting Big Wave Rider
Yeah I agree however the rainbow is mma's just not the guppy method.
I had said that the guppy was not good for me on 15min or less time frames because I thought they were too choppy and inconsistant, plus I only trade higher time frames and yes I can sleep very well at night and yes I have left trades open while I went on vactation for more than two weeks. Its called a stop loss. So Mr. Troll asked me if I thought his charts were too choppy.
Not at all considering your showing a 6hr chart and not a 5 min chart. My whole point was clearly that, you can surf bigger waves on bigger timeframes.
But I am not here to complain or to say who's method is better and on which timeframe is better. What works for you does not work for me and vise versa.
As I explained before... GMMA and HMMA are good for active investment... not for short term trading ForEx... If you look at the chart correctly - it is not a 6 hour chart... (Do not you think that's a xx min chart? - Feel the power of Rainbow) -- Hope you got the message...
  • #38
  • Edited Oct 7, 2007 12:00am Oct 6, 2007 10:32pm | Edited Oct 7, 2007 12:00am
Quoting Pip Hunter E
Smaller time = smaller vert movement for sure. It all scales. I'm doing some MA crossover scalping (tick charts), and I do like to be in and out of the market faster myself. If DG applied his experience to a short time frame that would be awesome
Market gives you the movement... not the smaller time - smaller vertical movement... You can see big vertical movement in smaller time...

DG or AH could not apply their experience for shorter time frames or scalping in ForEx and that's why I created the Rainbow for shorter time frame to scalp or trade ForEx... Do you need GMMA if you like to move in and out of the market quickly? DG - Daily chart; AH - Weekly chart... Active Investment...

Quite some statements of your ignorance! If you don't know what you are writing about, better keep your mouth shut... Happy Pip Hunting...

LoL
  • #39
  • Edited 2:22pm Oct 7, 2007 2:05pm | Edited 2:22pm
Too much negativity and no creativity in this thread.
Just Trade It
  • #40
  • Edited Oct 8, 2007 11:01am Oct 7, 2007 6:03pm | Edited Oct 8, 2007 11:01am
Quoting Big Wave Rider
Too much negativity and no creativity in this thread.
Do not take it as negativity... constructive criticism and my contribution in my style... You must tweak the MMAs to trade ForEx with profit... That chart is a 15 min Rainbow... The 5 min chart will give the same effect with different time interval (v-lines) - Same goes to 5 sec charts too (v-lines in 5 min intervals)...
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