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Trend Follower 5 Minute System

  • #2,481
  • Dec 10, 2008 3:50pm Dec 10, 2008 3:50pm
Yes, today was a bad day to trade: No valid signals at all.
If someone are interested of my reports about this system go to my forex blog: http://retal1ator-forex.blogspot.com/
  • #2,482
  • Dec 10, 2008 4:15pm Dec 10, 2008 4:15pm
me good trade
  • #2,483
  • Dec 10, 2008 5:25pm Dec 10, 2008 5:25pm
Quoting pilatus
Well I can not tell you how many pips because I do not trade everyday.
How many valid signal depends on market condition. TheWicker said in his firsts posts that we can excpect 2-3 valid signals per week on each pair. But that is in TRENDING conditions. Last month we have less trend and rather ranging market. So, less valid signals.
Patience is the key for that system.

I've been reading over this syst and I'm not sure there should be any complaints of not getting trades ... maybe no signals means we're kept out of the market as it consolidates ... preventing those whipsaw ... lose, lose, lose trades; until the market decides which way to go next.

I think that's great .. I'll be watching to see how well it initiates a begining to the next trend. I agree, patience is needed
  • #2,484
  • Dec 11, 2008 5:33am Dec 11, 2008 5:33am
How your traiding today with this system?
  • #2,485
  • Dec 11, 2008 7:41am Dec 11, 2008 7:41am
Hello
Take profit 50 pips on USD/JPY
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  • #2,486
  • Dec 11, 2008 7:50am Dec 11, 2008 7:50am
Quoting LT man
Hello
Take profit 50 pips on USD/JPY

Oh yes! I took the same here!!! I am beginning to like this system! amazing!! If we open more pairs, then we will get more signals
nice)

Am I right?



Juliya
  • #2,487
  • Dec 11, 2008 8:19am Dec 11, 2008 8:19am
I am beginning too.
You can attach this system to all pairs and wait signal. we have just one big problem sit and wait
  • #2,488
  • Dec 11, 2008 8:37am Dec 11, 2008 8:37am
O....Noo! I dont have this problem! This system is based on patience and waiting. Otherwise we will lose our deposit!!!

Sit..Sit...Sit and patience and waiting

Amazingggggg ))))
  • #2,489
  • Dec 11, 2008 8:53am Dec 11, 2008 8:53am
Quoting LT man
I am beginning too.
You can attach this system to all pairs and wait signal. we have just one big problem sit and wait
Hi!
Sorry but this system is not for all pairs. Read the post #1.
It is trend follower so you need pair in trend. Second, pairs that are not mentioned by TheWicker have big spread so not recomended. Of course you can trade whatever you want but be careful. Good luck!
  • #2,490
  • Dec 11, 2008 9:11am Dec 11, 2008 9:11am
Quoting fxairy
O....Noo! I dont have this problem! This system is based on patience and waiting. Otherwise we will lose our deposit!!!

Sit..Sit...Sit and patience and waiting

Amazingggggg ))))
Yes, the real problem with this system is that we need to be very patient...
  • #2,491
  • Dec 11, 2008 10:51am Dec 11, 2008 10:51am
thanks pilatus, good luck you too.
biger spreeds - biger profit, but biger risk
  • #2,492
  • Dec 11, 2008 1:50pm Dec 11, 2008 1:50pm
Quoting pilatus
Hi!
Sorry but this system is not for all pairs. Read the post #1.
It is trend follower so you need pair in trend. Second, pairs that are not mentioned by TheWicker have big spread so not recomended. Of course you can trade whatever you want but be careful. Good luck!

You are right Platus.It is better to stick to the wicker's recommended pair.
Platus any good trade today?
  • #2,493
  • Dec 11, 2008 2:35pm Dec 11, 2008 2:35pm
Quoting aje6767
You are right Platus.It is better to stick to the wicker's recommended pair.
Platus any good trade today?
No trade today although USD/JPY was good but I did not take it because stop loss was almost 40 pips. Tomorow is another day, another oportunity.
  • #2,494
  • Dec 11, 2008 4:06pm Dec 11, 2008 4:06pm
take 20 pips profit on USD/JPY. Can't wait while down till 91.00. Go sleep
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  • #2,495
  • Dec 12, 2008 3:17am Dec 12, 2008 3:17am
What do you think...how many people traiding by this strategy. She is very old. And how many successful people in this strategy, Who use the strategy "Trend Follower"?
  • #2,496
  • Dec 12, 2008 3:30am Dec 12, 2008 3:30am
I don't have this info. My minde, about 90 % strategies is working well, we need just follow them and have patience.
  • #2,497
  • Dec 13, 2008 6:40am Dec 13, 2008 6:40am
OMG....I really dont understand, Why people do not discuss strategy very emotionally?

And other quesiton: where and how we can use Guppi Rainbow in other strategy? I mean, may be somebody developed other strategy ?
  • #2,498
  • Dec 14, 2008 7:25am Dec 14, 2008 7:25am
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I have an EMA crossover signal and it seems that all indicators lined up except for the laquerre which is above 75, therefore, it is no trade.

Right Guys ?
  • #2,499
  • Dec 14, 2008 2:11pm Dec 14, 2008 2:11pm
Quoting fxairy
OMG....I really dont understand, Why people do not discuss strategy very emotionally?

And other quesiton: where and how we can use Guppi Rainbow in other strategy? I mean, may be somebody developed other strategy ?
What are you trying to say with first question ?? Dont understand you sorry.
As I know, Guppy rainbow developed Daryl Guppy famous Australian stock trader prior for stock market. I have a book of him named "Trend trading". He developed Guppy MMA but in original he has only two set of rainbow. One represent traders and other represent investors. Those MMA would be ours yellow/orange and green/red. Not sure if is yellow or orange that represent traders and green and red that represent investors. According to him, best time to enter a trade is when traders retrace to investors and then traders bounce from investors, in other words when yellow retrace to red and then bounce from red. See the pic. That is something similar when we a looking for Guppy to be contracted not expanded. Red/green are investors or and they determine trend or direction we want to go, traders or yellow/orange give us best time to enter when price retrace.
I have tried to trade this system on higher time frame but the problem is that I dont have much patience to test it, but I am pretty sure that if works on 5 min can work on 15,30 or 60 min time frame. The dilemma is what is better to trade on 5 min and have 2-3 trades per week or on 1h and have 2-3 per month. Which timeframe in a lonf run gives more pips.?? Then I realized that is better for me to trade original system then to experiment with unknown area.
I found one system which is using rainbow on 1h time frame but with some others indicators. Here is the link: http://www.forexfactory.com/showthread.php?t=6233
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  • #2,500
  • Dec 15, 2008 1:17am Dec 15, 2008 1:17am
Quoting pilatus
What are you trying to say with first question ?? Dont understand you sorry.
As I know, Guppy rainbow developed Daryl Guppy famous Australian stock trader prior for stock market. I have a book of him named "Trend trading". He developed Guppy MMA but in original he has only two set of rainbow. One represent traders and other represent investors. Those MMA would be ours yellow/orange and green/red. Not sure if is yellow or orange that represent traders and green and red that represent investors. According to him, best time to enter a trade is when...

Thank you very much for a very understandable response!!!

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