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Supernova GBP/JPY Mini Trend Catcher

  • #5,621
  • May 1, 2008 2:36am May 1, 2008 2:36am
Quoting cryten
I had a private pm asking what are the differences in the arrows in the last pic I posted.
The big pink and light blue arrows are from the level and reverse indicator I posted and the
hollow darker blue arrows are where I am indicating where I would have entered as the anaconda,
qqe and level indicator all agreed.
Please try to keep questions to this thread rather then pm.
Thanks Cryton for answering my question.I am still a little bit confused.
1)what is the RED arrows?
2)As you see in my chart I got 2 Dark hollow blue arrows very close to each other.i pointed them out as Entry 1 & 2.what are those?Are they both entry points?

Thanks again
Mike
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Failure, is a wonderful teacher!
  • #5,622
  • May 1, 2008 5:48am May 1, 2008 5:48am
(first screenshot is yesterday)

Basically, I went in where indicated on the chart since this is where all indicators crossed and were verified. I got out at the first sign of trouble (the HA just before the first red HA). Obviously a bad move since the actual move was so much bigger and I left a lot of pips on the table.

(second screenshot is today)


This was a bad move and my 60 SL kicked in rather quickly. I'm sure I entered incorrectly or did something else that I shouldn't have and would appreciate any input from you lads.

Regards,
=RS=
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  • #5,623
  • May 1, 2008 6:18am May 1, 2008 6:18am
Quoting Gnat
Hallo, Master Cryten!

Anaconda release time! But no need to flee up to the trees. This one is a biggy in all aspects and a great help to safe manual trading.

Please see the attached "version" of what I do with it.

Ciao!
Matt
Hi Gnat,

Using your anaconda system and exiting based on QQEA cross, what sort of SL do you set? I'd like to demo test this system for a while as it looks very promising.
  • #5,624
  • May 1, 2008 9:17am May 1, 2008 9:17am
Hi Gnat / Cryten,

Went in where indicated and managed to make 80 pips profit. I'm not greedy and 80 pips is way more than my target 20 pips per day. I'm liking this system as it seems to have the potential for some very very good returns.

If you look at the second screenshot, how would you have handled that one? would you have re-entered? would your have simply had a much larger SL? i know i can't have a 100% win record, I'm just wondering how one of you experienced people would read that chart and move into the trade or what, if anything, you'd do if your 60 SL was triggered. Basically hoping to get some nuggets that teach me to think like you!

Cheers
=RS=
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  • #5,625
  • May 1, 2008 9:28am May 1, 2008 9:28am
Hi Dr Sharp and others,

I havn't had time today to answer posts today but I should be able to make a few points tomorrow or later tonight.

till then

cryten
  • #5,626
  • May 1, 2008 9:54am May 1, 2008 9:54am
Quoting rsharpe30
(first screenshot is yesterday)

Basically, I went in where indicated on the chart since this is where all indicators crossed and were verified. I got out at the first sign of trouble (the HA just before the first red HA). Obviously a bad move since the actual move was so much bigger and I left a lot of pips on the table.

(second screenshot is today)


This was a bad move and my 60 SL kicked in rather quickly. I'm sure I entered incorrectly or did something else that I shouldn't have and would appreciate any input from you lads.

Regards,
=RS=
Dr. Sharpe!

How are we today, LOL! Well: First of all, the first trade was totally alright and to "leave pips on the table" is an art to be cherished. As I mentioned to Lyra earlier, it is really better to catch +20 pips in a rather safe manner, than getting all worked up to get 40 and fail in the end. The first trade was good and safety measure brought you out.
If you had stayed with the QQEA recross to exit, this time you would have been better of, but your decision was good there.

On the second trade, please see the comments on the second "gnatted" chart. I will get to the other things later.

Ciao!
Gnat
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  • #5,627
  • May 1, 2008 9:57am May 1, 2008 9:57am
Quoting rsharpe30
Hi Gnat,

Using your anaconda system and exiting based on QQEA cross, what sort of SL do you set? I'd like to demo test this system for a while as it looks very promising.
Hiho, RSharpe!

I try to manually trail the trade using the PSAR (on the original Supernova). On the SN-Anaconda I am either exiting on the recross of the QQEA or the full penetration of our beloved snake by the price. Whichever comes first.

Greetz!
Gnat
  • #5,628
  • May 1, 2008 9:59am May 1, 2008 9:59am
Quoting cryten
Hi Dr Sharp and others,

I havn't had time today to answer posts today but I should be able to make a few points tomorrow or later tonight.

till then

cryten
LOL!! You called him Dr. Sharp(e) too!!

  • #5,629
  • May 1, 2008 10:14am May 1, 2008 10:14am
Quoting rsharpe30
Hi Gnat / Cryten,

Went in where indicated and managed to make 80 pips profit. I'm not greedy and 80 pips is way more than my target 20 pips per day. I'm liking this system as it seems to have the potential for some very very good returns.

If you look at the second screenshot, how would you have handled that one? would you have re-entered? would your have simply had a much larger SL? i know i can't have a 100% win record, I'm just wondering how one of you experienced people would read that chart and move into the trade or what, if anything, you'd do if your 60 SL was triggered. Basically hoping to get some nuggets that teach me to think like you!

Cheers
=RS=
Hallo RSharpe!

Again, this is not a good day for examples as the world is celebrating different things. But maybe a TP of 20 would have safed that trade. Nevertheless, please see the comments on the chart once more. I am happy to notice that you have switched to candlesticks here.
On the MA settings we will wait for this evening/night as Cryten returns. He has charmed the Anaconda and so he will be able to give the best settings for that on the fast moving pairs. (Wasn't there a template already somewhere... I will look!)

Ciao!
Gnat - Matt
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  • #5,630
  • May 1, 2008 10:50am May 1, 2008 10:50am
That IS a little weird! It's not every day that two people call me Dr. Sharp!

Gnat, I have changed the following:
- switched to regular candles
- edited QQE smoothing to 1

I also created a new chart and added your anaconda template to it in the hope that my anaconda stops looking thin. (The SPCA will arrest me for cruelty!) Does the chart look better now?

I had no idea today was a holiday since the UK is business as usual. I'll need to try and pick up a diary that has world holidays marked in it.

Thanks for taking the time and effort to mark my charts with instructions; it is very very appreciated.

Regards,
=RS= (the Doctor)
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  • #5,631
  • May 1, 2008 11:46am May 1, 2008 11:46am
Quoting rsharpe30
That IS a little weird! It's not every day that two people call me Dr. Sharp!

Gnat, I have changed the following:
- switched to regular candles
- edited QQE smoothing to 1

I also created a new chart and added your anaconda template to it in the hope that my anaconda stops looking thin. (The SPCA will arrest me for cruelty!) Does the chart look better now?

I had no idea today was a holiday since the UK is business as usual. I'll need to try and pick up a diary that has world holidays marked in it.

Thanks for taking the time and effort to mark my charts with instructions; it is very very appreciated.

Regards,
=RS= (the Doctor)
Hey Doc!!

Now the Anaconda is the nice fat animal it is supposed to be! Looks really good. So if you add the MOM and DMI you have a Supernova manual setup with a snake to help you to determine safe entries and exits alike. :

So we may as well adopt the freaking reptile into our little warchest here!

Ciao & off to tennis!
Gnat - Matt
  • #5,632
  • May 1, 2008 11:47am May 1, 2008 11:47am
Hey Mike!

Guess Cryten will get to your question later as he returns!

Ciao!
Matt
  • #5,633
  • May 1, 2008 11:48am May 1, 2008 11:48am
Quoting Gnat
Hiho, RSharpe!

I try to manually trail the trade using the PSAR (on the original Supernova). On the SN-Anaconda I am either exiting on the recross of the QQEA or the full penetration of our beloved snake by the price. Whichever comes first.

Greetz!
Gnat
Hi Gnat,
I checked both templates.The reason for being Narrow is because 9MA should have 13 levels added but there is only 4 levels(Gray lines)

Gnat,I was wondering do you have any EA which trail the SL with PSar,please?

Thanks
Mike
Failure, is a wonderful teacher!
  • #5,634
  • May 2, 2008 5:48am May 2, 2008 5:48am
Quoting jasius
Cryten, appreciate it but for some reason my arrows look completely different and are not good enry points. Any ideas?

Hey I'm not sure about those hollow arrows of yours, they probably imported from my template where I added the arrows myself to show possible entry as per my chart. I bet if you double clicked on one you could delete it.

I have not finished tinkering with the guppy setup, I have been all go on the majors for quite a few months but with guppy I suggest people try playing around with the levels. Generally speaking more levels are needed the more volatile the pair is. This is one of my templates for the yen. Try adding supernova or other indicators yourselves so we don't get these weird arrows appearing.
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Attached File(s)
File Type: tpl mega yen.tpl   1 KB | 465 downloads
  • #5,635
  • May 2, 2008 5:50am May 2, 2008 5:50am
Quoting mhd5000
Hello

I download guppy template , I still consider Vt station for trading supernova system , maybe becuase signals appear earlier befor Mt , am trying guppy template starting from today , but the arrows confused me , I think its going to be butter if we remove thoes arrows , and keep watching qqe indicators , please attached the same template without arrows , because I tried to remove them from chart , but I couldnt ... any how guppy locks good for the first lock , but need to test is live , I mean demo offcourse , to find the defference between getting right signals , for my self , I rather to watch MT than VT ... thanks for all , waiting for guppy.tpl without any arrows ....

best regards
There are few qqe alerts floating about. I'm guessing the one you use and many others is coded so that when it signals it is pretty much a confirmed signal where in VT the signal can appear but also disapear intra bar (which never did me any harm)

So try this one but it can disapear intrabar as per VT.
Attached File(s)
File Type: mq4 Supernova.mq4   2 KB | 739 downloads
  • #5,636
  • May 2, 2008 5:54am May 2, 2008 5:54am
hey Dr sharp,

Think Gnat answered most of your questions but yes switch to normal candles, and use a bigger breed of anaconda on the Guppy.

Also on your chart you asked about a bad signal. The guppy had risen quite a few hundred pips, taking a short then late in the day is asking for trouble, I would have waited for a new long break to take some more out but too be honest I would have been happy with my 300 pips from the first move had I been on it.

I love this setup and it works for me but you have to look at the bigger picture and generally the trend is your friend except when london calls.
  • #5,637
  • May 2, 2008 1:49pm May 2, 2008 1:49pm
Cryten,

Do you wait for a candle to close before entering a position when all indicators align? Thanks, Lcfx
  • #5,638
  • May 2, 2008 1:56pm May 2, 2008 1:56pm
Quoting lcfxtrader
Cryten,

Do you wait for a candle to close before entering a position when all indicators align? Thanks, Lcfx
I only trade using the anaconda, it's all I need and addtional indicators slow me down. I do play around with qqe but purely as an alert function. Sorry couldn't give the answer you were probably looking for but I have stared at charts every morning, day and night for nearly 3 years, I don't feel I need the extra baggage.

You can however use it with the supernova indicators but instead of the T3 replace that with the snake.
  • #5,639
  • May 3, 2008 6:11am May 3, 2008 6:11am
Hey Gnattatat

You have to tell me how you write on your charts like that, mine look like windows 98 in comparison and its embarrasing

Quoting Gnat
Dr. Sharpe!

How are we today, LOL! Well: First of all, the first trade was totally alright and to "leave pips on the table" is an art to be cherished. As I mentioned to Lyra earlier, it is really better to catch +20 pips in a rather safe manner, than getting all worked up to get 40 and fail in the end. The first trade was good and safety measure brought you out.
If you had stayed with the QQEA recross to exit, this time you would have been better of, but your decision was good there.

On the second trade, please see the comments on the second "gnatted" chart. I will get to the other things later.

Ciao!
Gnat
  • #5,640
  • May 3, 2008 6:56am May 3, 2008 6:56am
for me supernova is the best system ever!

I use it only on eurusd 5min,simply entering on the signal with the breakout of the last bar.I use oanda,which has spread 0.9,so to minimize risk I just stay in the trade for not more than 5min(if there's a strong movement I keep the position till retracement) with a target price of 4 pips net. Obviously I trade only if the market is active and I avoid news(I trade them but with another system). Stop loss and take profit always manual(you need lots of discipline).
The most important thing to do is not being too greedy in a trade because with many "sure" trades you make good money and by time you can increase the lots.
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