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Attachments: EUR/GBP Trendmagic System
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EUR/GBP Trendmagic System

  • #381
  • Jun 5, 2009 10:26am Jun 5, 2009 10:26am
Paulus,

The Trend Magic indicator looks just as good as any to use as a stop loss/ take profit. Nothing is ever going to be perfect. The TM does keep you in for the ride.
Quoting Paulus
here is my current trade I use this plateform to highlight the signals not trade from but do use MT4 for that

as you can see the TM indicator has just moved up at an angle so I have moved my SL from the 1st plum coloured level to the 2nd plum coloured level.

Entry 156.42 entry to price now 70 odd pips but my stop is at 156.79 so I have 37 pips in the bag I will update this trade on every stop move
  • #382
  • Jun 5, 2009 10:38am Jun 5, 2009 10:38am
Anyone new to the system please have a look at my setup.

This was an ideal setup on eur/gbp last night EST US.

1) The multi-time frame indicator at the bottom is all blue
2) HG001a indicator all blue (second from bottom)
3) trend magic line colored to forecast up movement. On my chart, up movement is green, purple is down movement.
4) entry when price breaks nearest resistence, stop just below nearest support
5) exit on failure to break above nearest resistence, look for technical topping pattern.

In this particular example, also notice the support/resistance lines help quantify the point of breakout. It's clear to see the double top. Someone on this thread posted the indicator, it's based on fractals.

oh, and La guerre indicator also useful for finding an exit it's lower second top value fairly prophetic.
Attached Image (click to enlarge)
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  • #383
  • Jun 5, 2009 10:42am Jun 5, 2009 10:42am
Quoting chicken
Hi Anne,
Your knowledge of writing code is simply astonishing & amazing. From your previous quote you mentioned that you wrote an "Easy Language" version. Could you please post it, as I am a TradeStation user. I have read all of the threads and did not see it anywhere. Your work and help with these indicators is greatly appreciated.
Thanks in Advance,
Robbin
Robin

If you read the thread you will know that I NEVER post source.

EVER.

Period.

Anne
  • #384
  • Jun 5, 2009 10:51am Jun 5, 2009 10:51am
Anne,
I am sorry if I offended you. That is not what I meant. You have displayed the indicator link for HG 0001a before. I just meant to ask if you could post a link for the indicator for TradeStation like you have posted for metatrader.
Sorry for any misunderstanding,
Robbin
  • #385
  • Jun 5, 2009 10:53am Jun 5, 2009 10:53am
Ok stopped out for a gain of 58 pips

Back in now at 157.24 as per the red vert line

If you missed the 1st entry you could of got in on the thumbs up sign...all blue boxes after a red box break..your above the TM indicator so it can now guide

Obviously being Friday early evening volatilty will be low low low... but gives you the idea u

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: signal sl move 4 out.gif Size: 28 KB
  • #386
  • Jun 5, 2009 11:29am Jun 5, 2009 11:29am
Thanks, Paulus. That's what I call a CLEAN CHART!

Compare that to the Christmas decoration in post #382 (which I can't even look at without shades!!)

I have tried QQE and it simply duplicates TM. I am coming firmly to the view that we already have everything we need in the one MTF indy.

It is now a matter of learning how to leverage it to best advantage, as SirWolf has said.

Anne
  • #387
  • Jun 5, 2009 11:30am Jun 5, 2009 11:30am
Well Im going to relax and drink a bottle of Sauvignon blanc,any one wishing to join me for a virtual glass is welcome

I had a hard class at wing chung last night so I think I deserve it

BTW just for information Wing Chung was devised by a woman and the techniques that are taught to men is the scaled down version as it can be so devastating

A wee bit of back ground.....

The legend relates that a girl named Yim Wing Chun desired to learn martial arts at the Shaolin temple. She caught the attention of a Shaolin nun named Ng Mui, who was an accomplished martial artist. So impressed was Ng Mui with Yim Wing Chun's ability and desire, that she offered to teach Shaolin martial arts to her.

The Kung fu that Yim Wing Chun learned consisted of only three forms, instead of the ten or more taught in other Shaolin systems. Her Kung fu was also used only for self-defense and lacked the fancy sets that other styles used to entice potential martial artists into the kung fu systems. Yim Wing Chun's style consisted of short direct movements designed to eliminate any wasted energy and to encourage speed in the counterattacks. It also included training with wooden dummies and chi sao (sticky hand) techniques.


P
  • #388
  • Jun 5, 2009 11:31am Jun 5, 2009 11:31am
Potential consolidation break? TM and HG giving warning?
Attached Image (click to enlarge)
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  • #389
  • Jun 5, 2009 11:39am Jun 5, 2009 11:39am
Quoting Paulus
Well Im going to relax and drink a bottle of Sauvignon blanc,any one wishing to join me for a virtual glass is welcome

I had a hard class at wing chung last night so I think I deserve it

BTW just for information Wing Chung was devised by a woman and the techniques that are taught to men is the scaled down version as it can be so devastating

A wee bit of back ground.....

The legend relates that a girl named Yim Wing Chun desired to learn martial arts at the Shaolin temple. She caught the attention of a Shaolin nun named Ng Mui, who...
A Royal Marine background perhaps?
  • #390
  • Jun 5, 2009 11:40am Jun 5, 2009 11:40am
Hi Paulus! I am a wine lover and have had a tough week myself. Lots of layoffs where I work and budget cuts. They just cut the budget for the project I have been working on for the last 2 1/2 years. As of Monday i have nothing to charge my time to. It is not good to not be on a project at this time - 250 to be layed off very soon. I have a family to support. The timing for this system may just save me if i loe my job.

So, please pour me a nice tall glass of that Sauvignon blanc

BTW, you won me over with your simple system - we have a entry and exit - now we just have to refine it a bit. But only one indicator - what could be better my friend???

Have a great weekend!

Bill
SirWolf

Quoting Paulus
Well Im going to relax and drink a bottle of Sauvignon blanc,any one wishing to join me for a virtual glass is welcome

I had a hard class at wing chung last night so I think I deserve it

BTW just for information Wing Chung was devised by a woman and the techniques that are taught to men is the scaled down version as it can be so devastating

A wee bit of back ground.....

The legend relates that a girl named Yim Wing Chun desired to learn martial arts at the Shaolin temple. She caught the attention of a Shaolin nun named Ng Mui, who...
Believe and Achieve!
  • #391
  • Jun 5, 2009 11:45am Jun 5, 2009 11:45am
Quoting Edgetrader
Potential consolidation break? TM and HG giving warning?

I think it would decrease up to 0.8682
  • #392
  • Jun 5, 2009 11:45am Jun 5, 2009 11:45am
Hey, pour one for me, Paulus. Have a nice weekend, everyone. And thanks, TG, for all your coding skills. Can't wait to see the non-lag version.
  • #393
  • Jun 5, 2009 11:54am Jun 5, 2009 11:54am
Quoting TudorGirl
Thanks, Paulus. That's what I call a CLEAN CHART!

Compare that to the Christmas decoration in post #382 (which I can't even look at without shades!!)

I have tried QQE and it simply duplicates TM. I am coming firmly to the view that we already have everything we need in the one MTF indy.

It is now a matter of learning how to leverage it to best advantage, as SirWolf has said.

Anne
Agree...

As I posted earlier, I'm following this this thread even knowing I'm not a Indi-holic...in fact, I like the charts CLEAN also.. but I guess what we got here is something different.

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #394
  • Jun 5, 2009 11:58am Jun 5, 2009 11:58am
Quoting Edgetrader
Potential consolidation break? TM and HG giving warning?
Hey, mate... hang on... Friday late session, NFP day... I wouldn't expect a decent move at this time...

I would call it a week and open a nice bottle of wine...

Just trying to help...

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #395
  • Jun 5, 2009 12:02pm Jun 5, 2009 12:02pm
Quoting Blud4oilPrgm
Anyone new to the system please have a look at my setup.

This was an ideal setup on eur/gbp last night EST US.

1) The multi-time frame indicator at the bottom is all blue
2) HG001a indicator all blue (second from bottom)
3) trend magic line colored to forecast up movement. On my chart, up movement is green, purple is down movement.
4) entry when price breaks nearest resistence, stop just below nearest support
5) exit on failure to break above nearest resistence, look for technical topping pattern.

In this particular example, also notice the...
A bit confusing. Can you tell me what the actual trading trigger mechanism is? Is it a combination of everything or any one thing?

Thx
  • #396
  • Jun 5, 2009 12:03pm Jun 5, 2009 12:03pm
We are just opening a bottle of the legendary pure Garnachia "El Bombero" 15.5% "big red" from Spain!

Trouble is, the stuff is self-lubricating. After the first one, the second slips down even easier!!!

Ah well, as Queen Elizabeth I said, "I may be a weak and feeble woman, but I have the heart and stomach of a king!"

Cheers! Here's to next week and all the other weeks thereafter when the little guys start to turn the tables on the brokers at last.

The worm has turned and the fight-back has begun.....

Anne
  • #397
  • Jun 5, 2009 12:06pm Jun 5, 2009 12:06pm
Quoting Edgetrader
A bit confusing. Can you tell me what the actual trading trigger mechanism is? Is it a combination of everything or any one thing?

Thx
Edge, please see TudorGirl ans Paulus last posts.... I'm with them.... Less is more! I think is way easier to read a chart that doesn't seems lika e Picasso painting..

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #398
  • Jun 5, 2009 12:22pm Jun 5, 2009 12:22pm
Quoting HouseTrader
Edge, please see TudorGirl ans Paulus last posts.... I'm with them.... Less is more! I think is way easier to read a chart that doesn't seems lika e Picasso painting..

Cheers!

HT
Quite right ole boy!

I was just trying to ascertain the actual triggering mech. as there are at least 6 confirming type indi's there.

And, if that is a Picasso, I think I stay with the paint by numbers group so as to at least see the picture.

Have a good weekend.
  • #399
  • Jun 5, 2009 12:24pm Jun 5, 2009 12:24pm
Someone once said that too much analysis leads to paralysis. Relating that to this thread, I think the entries are as good as you're gonna get, and as easy as you'll ever see. As most know, the exits are the question, and I'm sure we can get thousands of indicators and thoughts on those which I won't even bother to post in the interests of saving space here. I like Paulus's idea of using the Trend Magic line. Something simple like that is what I would like. Maybe some day alerts and/or an EA.Too many indicators make you crazy, and just lead to indecision and second guessing. A very good week for me using this new system developed by Paulus and the great indi by Tudor Girl & here's to next week!!
Quoting HouseTrader
Edge, please see TudorGirl ans Paulus last posts.... I'm with them.... Less is more! I think is way easier to read a chart that doesn't seems lika e Picasso painting..

Cheers!

HT
  • #400
  • Jun 5, 2009 12:42pm Jun 5, 2009 12:42pm
Can anyone think of another indy? I think most of us are getting the point.........NO MORE INDICATORS!

I may open a bottle of better than everyday wine when my wife's comes home from work tonight. A toast to Paulus and TudorGirl. Long live the King and Queen!

Steve
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