This looks like the old "guppy" trading system which has been around for decades. Is this the same?
- #162
- Edited 4:11pm Aug 11, 2008 3:52pm | Edited 4:11pm
Hi 4xq
I don't understand your 1st trade:
in 5m, the trend is flat and i don't see anything about the indies which allows an enter.
Happily for you, the trade is good.
The 2nd is curious too.
I trade also based on judjement, not only indicators....that comes after lots of screen time...look at the big pic
OK..eur #1...entry: price re-emerge + lag signal (cross .15 up) a few bars back + broken cci trend line that is not there, but in my head, a few bars back + cci cross 0 + s/r break
I have trend lines and s/r lines in my head...comes from plaing chess, GO and pool...if get's too complicated i put it there, or for you guys to see it
#1 exit...cci T lines break...not on that chart...in my head + cci coming from top, break downwards of previous cci s/r at 192
I look at cci like to a price chart, and is better than the price...it tells the future
#2...entry..price re-emerge + cci T line break + cci cross 0 + break of s/r...price was laggind and fast..I entered a litlle late as I am a slow guy
exit...I was tired...wanted to go to bed and looking for an exit...price bounced of s/r + cci bounced of overbought level + the T lines met, telling a pivot point in time
gbp entry...bad one, but safe...price re-emerged and broke previous r level...peak + cci just bounced from T line...you don't see those because price was laggind...I entered intrabar as you see the entry arrow is way high...price was there (+ spread of course)
gbp exit...I was late a few seconds from pivot time + cci comming down from overbought zone (previous s/r 202 level)...didn't have a next time piv, so I took that one.
This is just like playing blitz (5min game)chess with 3 oponnents at the same time, in this case 2 (evennings I'm tired). I have a friend that plays blind chess with 5 people at the same time and wins all games...he has the master title....imagine the grand masters what kind of traders would be?
I started trading commodities on daily paper charts and drawing lines, didn't have indicators, it's all in the price. Later i got indys, and oscilators...learned a lot from Turtle trading, R. Williams (the creator of Williams indy and the other awsome animals) chaos and others.
Try reading this:
http://olesiafx.com/Bill.Williams.Tr...ofits.pdf.html
http://searchwarp.com/swa51222.htm
Q
"Money is only a part of wealth"
Q.
- #163
- Edited 5:41pm Aug 11, 2008 3:59pm | Edited 5:41pm
This looks like the old "guppy" trading system which has been around for decades. Is this the same?
...risk and money management are very important
"Money is only a part of wealth"
Q.
- #175
- Aug 13, 2008 11:57am Aug 13, 2008 11:57am
Ok, this method is clearly a skill which takes work, and brilliant ideas. I've had successes, and then got my rear end handed to me, all in the same session. Let's keep this going and share what works. Is it time frame? Is it indicators? Can we fine tune the method? I don't know, but what I do know, is when I look at the rainbow charts, the direction of the market is clearer than anything I've seen in this forum in my years of daily studying. What is preventing me from consistant profitable trades? Please share as many ideas as possible until we figure this out. Don't give up this thread, test with small lots, on multiple time frames, and continue to share. To me, this method looks too good to discard without much more testing and experimenting. Remember, if it was easy, everyone would be doing it. Let's go!
keep testing people...thx
"Money is only a part of wealth"
Q.
- #177
- Aug 13, 2008 11:19pm Aug 13, 2008 11:19pm
4XP LionKing v1.0 sys
Strategy: After the lioness kills the prey, the dominant male, LionKing takes over, loads up and goes to bed full
Rules:
Strategy: After the lioness kills the prey, the dominant male, LionKing takes over, loads up and goes to bed full
Rules:
1m chart with the WMMA(2-200) Rainbow and CCI(21)
Determine the major trend (look at 5m to 1H)
Determine best time to trade (good volatility). Don't trade at open or news time; wait until price goes in dir of major trend
Entry: - Price re-emerge from at least a yellow dip + break s/r and closes there + optional confirmation from cci, laguerre or your favorite indy. Use TradeManager EA to handle stops.
Exit: After entry switch to 5m and exit on cci trend line break (close of bar) or trend lines cross time pivot
After you close swith back to 1m
Do this from your couch with your feet up and nibble on some cheese, breed from your favorite oxygen tank and have fun.
"Money is only a part of wealth"
Q.
- #178
- Aug 13, 2008 11:37pm Aug 13, 2008 11:37pm
//---keep the grid 10 on 1m and 20 on 5m
//---5m cci time pivots, are not as accurate as on 1m
//---Wed have exeptions, as T-Rex comes from another time/space and kills a big prey. LionKing is smart and loads on the same prey. He is much smaller, T-Rex ignores him.
//---The rest is risk and money management, those are the things that make money in the long run...same as a casino
//---You don't have to follow my rules, each trader is different, confortable with his own things...develop a strategy that u like and works, and stay there...in the ZONE
Q
//---5m cci time pivots, are not as accurate as on 1m
//---Wed have exeptions, as T-Rex comes from another time/space and kills a big prey. LionKing is smart and loads on the same prey. He is much smaller, T-Rex ignores him.
//---The rest is risk and money management, those are the things that make money in the long run...same as a casino
//---You don't have to follow my rules, each trader is different, confortable with his own things...develop a strategy that u like and works, and stay there...in the ZONE
Q
"Money is only a part of wealth"
Q.
- #179
- Aug 14, 2008 12:03am Aug 14, 2008 12:03am
1 4 all 
T-Rex, elephants and whales...the giants day...triple interest paid on pairs with higher interest on the base curr. if you're long
Notice what happens about 10 - 5 min before close...then after open...30 pip move...then up half ~15...then down ~15...total ~60 pips...and counting
The indy is called something Juice, I used it in news trading, looks that shows volatility...look also at volume... tracks of giants
All you have to do is follow them...simple...have fun
Q
T-Rex, elephants and whales...the giants day...triple interest paid on pairs with higher interest on the base curr. if you're long
Notice what happens about 10 - 5 min before close...then after open...30 pip move...then up half ~15...then down ~15...total ~60 pips...and counting
The indy is called something Juice, I used it in news trading, looks that shows volatility...look also at volume... tracks of giants
All you have to do is follow them...simple...have fun
Q
"Money is only a part of wealth"
Q.