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EUR/GBP Trendmagic System

  • #541
  • Jun 7, 2009 9:07am Jun 7, 2009 9:07am
Quoting Digitalis
Just wondering what the consensus is on re-entry after having been stopped out. Chart below shows short trade, stopped out but then price goes back below TM and HG indicator all red. Should you short again, or wait for a reversal and take the next long trade? Any thoughts?
Not sure why you got stopped out here. TM and TG indi's both blood red at the stop point. Unless you had a preset SL the trade should have continued without re-entry.

Regards.
  • #542
  • Jun 7, 2009 9:12am Jun 7, 2009 9:12am
Quoting Edgetrader
Not sure why you got stopped out here.
I was using the rule proposed by Paulus:
Quoting Paulus

Initial stop loss

For longs

Closing below the blue TM line or breaking the swing low

For shorts

Closing above the red TM line or breaking the swing high

Paulus
Price had closed above the TM line so would exit the trade...
Full-time trader and loving it!
  • #543
  • Jun 7, 2009 9:13am Jun 7, 2009 9:13am
Quoting Digitalis
See my post above yours mtr. It's all here.


Looks the same. In the UK the taxman considers spread betting as gambling and therefore not liable to income tax.

I'm spending some time today deciding which pairs to sample tomorrow, any suggestions welcomed.
The beast (GbpJpy) and the bastard (because he does what he wants with ties to nothing) GbpUsd will be the two I will focus on. Good PA from a movement perspective and holds on to a move better than others.

Regards.
  • #544
  • Edited 9:43am Jun 7, 2009 9:16am | Edited 9:43am
Quoting Digitalis
Just wondering what the consensus is on re-entry after having been stopped out. Chart below shows short trade, stopped out but then price goes back below TM and HG indicator all red. Should you short again, or wait for a reversal and take the next long trade? Any thoughts?
I'd have to wait until the lowest low to the left was breached before reentering. This would be enough of a trend continuation confirmation IMHO. Price hasn't closed above the TM but you get my point.
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  • #545
  • Jun 7, 2009 9:17am Jun 7, 2009 9:17am
Quoting BenQ
Wow, that brought back some memories. I traded with X-Trader several years ago when I was just trading futures. That was a very quick entry order platform -- nicely put together then, probably even better now.
Hi Ben.
Will as they say, what ever works is right, so I don't disparage any other platform, I only have my perspective.
I've used anout every other platform out there, bu they were all "in house", per broker,
ie: PATS J-Trader, Photon, FFFastfill's platform and Transacts platform and PFG's Platform etc..etc.. the list goes on.
TT, as I understand it, are the leaders in pro platform application.

As to fast, well I've got used to it I suppose, so I don't know how it compares..
If it helps to know, I'm filled quicker than I can blink, and that's fact not a cliche.

What is also important for me, and again I don't know how others compare, is that every order sits at the exchange. This means that any disconnect (not that it happens) ie, internet, or pc etc, does not alter the fact that your order will be filled.
There is no "re-quoteing" etc, that I've seen on reading threads on this site.?
But as I said, I'm new here so I'm not uptpo speed on how things may opperate differently.
Yes I'm trading futures (ES, DAX etc..) but am now looking into adding currencies, hence my newness here.

Kind Regards.
  • #546
  • Jun 7, 2009 9:18am Jun 7, 2009 9:18am
Quoting Digitalis
I was using the rule proposed by Paulus:


Price had closed above the TM line so would exit the trade...
Quite so, my bad. These initial setting are a good starting point, however, we are still in a bit of a developmental stage here and are working to increase sensitivity in the indi's and a few other things.

If not to intrusive, can you give me a full chart shot of that trade? I need the pair and TF in order to proceed with some further analysis.

Regards.
  • #547
  • Jun 7, 2009 9:34am Jun 7, 2009 9:34am
Quoting Digitalis
Just wondering what the consensus is on re-entry after having been stopped out. Chart below shows short trade, stopped out but then price goes back below TM and HG indicator all red. Should you short again, or wait for a reversal and take the next long trade? Any thoughts?
better to take the next change in trend; waiting for M5 to go blue, and red again.

See post: http://www.forexfactory.com/showpost...&postcount=526
  • #548
  • Jun 7, 2009 9:35am Jun 7, 2009 9:35am
Quoting Digitalis
Just wondering what the consensus is on re-entry after having been stopped out. Chart below shows short trade, stopped out but then price goes back below TM and HG indicator all red. Should you short again, or wait for a reversal and take the next long trade? Any thoughts?
I think this is the right day and time the trade was taken as per your chart shot. This is why we are working on a bit of a modification also. As shown, I would have stayed with the trade via no clean break of a MA and Trix confirms short intact. Not TM or TG indi's but we are very eqarly in this thing. Lets see what the week ahead brings.
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  • #549
  • Jun 7, 2009 9:45am Jun 7, 2009 9:45am
Quoting nisha4x
Hi Paulus / Anne

Can u check this chart setup and confirm if this is what we only need.

nisha
Get rid of the pivots as they will not be needed at this point.
  • #550
  • Jun 7, 2009 9:47am Jun 7, 2009 9:47am
Quoting Edgetrader
I think this is the right day and time the trade was taken as per your chart shot. This is why we are working on a bit of a modification also. As shown, I would have stayed with the trade via no clean break of a MA and Trix confirms short intact. Not TM or TG indi's but we are very eqarly in this thing. Lets see what the week ahead brings.
Get rid of trix and MA as they're not needed at this point. If you're going to try to lead then do it by example.
  • #551
  • Jun 7, 2009 9:50am Jun 7, 2009 9:50am
Pivots give me clues as to where the trade is heading and take profit levels, apart from that my charts are clean .

Quoting Edgetrader
Get rid of the pivots as they will not be needed at this point.
Trend is your friend...
  • #552
  • Jun 7, 2009 9:55am Jun 7, 2009 9:55am
ok alot of questions from many here

will try to answer

have updated the 1st post

Airborne Ranger - welcome brother

On being stopped out on your trade the post I posted read ' Initial stop loss'ie as you 1st take the trade I will take a screen shot of your chart and post what I mean..

You donot reneter we need a blue box on the smallest time frame to appear before we get red and go short again...btw had been recently answered when ever I see the thread has been updated and you can do that by subscribing to it I always go back to my last post and read forward

Be back with chart in a mo

P
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  • #553
  • Jun 7, 2009 10:09am Jun 7, 2009 10:09am
how can I get TM indicator ?

thanks .
  • #554
  • Jun 7, 2009 10:09am Jun 7, 2009 10:09am
Quoting Paulus
ok alot of questions from many here



Be back with chart in a mo

P
My bad, I think the sliding stop explanation is here: http://www.forexfactory.com/showpost...&postcount=414
  • #555
  • Jun 7, 2009 10:09am Jun 7, 2009 10:09am
here it is..initial stop at horizontal line on TM or at swing low.

price moves up and TM goes up at an angle when it flattens out we move stop to horizontal line under this..price moves up again and so does TM at an angle and then consolidation or down bars and TM goes flat we then move up stop to one level BELOW this

We are always 1 level below the last flat TM line with our stop

here is the original chart
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  • #556
  • Jun 7, 2009 10:10am Jun 7, 2009 10:10am
Quoting notch
Get rid of trix and MA as they're not needed at this point. If you're going to try to lead then do it by example.
Ok. Good point. Perhaps we can defer to your alleged 7 years of trading expertise in order to get the proper insight needed in this endeavor.

To be honest, if that is the sum of your knowledge gained in 7 years, to not have the ability to even look at different perspectives and other platform usages (which clearly showed what some people are trying to coordinate and integrate for you so called real traders) than you are either a liar or fool. My bet is both.

So, you can either enlighten us with the fabulous trading setups and indi peramaters you have found prudent to propel you to untold wealth, or you can keep those smart ass comments in your dumb ass mouth, sit the hell down in the back of the bus where you belong, and try to soak in a little input with an open mind.

Or, you can start your own thread and try to assist the masses you pretend superiority to.

Enjoy your day dude.
  • #557
  • Jun 7, 2009 10:15am Jun 7, 2009 10:15am
Quoting Edgetrader
Ok. Good point. Perhaps we can defer to your alleged 7 years of trading expertise in order to get the proper insight needed in this endeavor.

Enjoy your day dude.
I don't want to argue or get into an insulting match with you. I'm merely respecting the guidelines set out by Paulus and TG.

Guidelines: http://www.forexfactory.com/showpost...&postcount=521
  • #558
  • Jun 7, 2009 10:17am Jun 7, 2009 10:17am
Quoting Edgetrader
To be honest, if that is the sum of your knowledge gained in 7 years, to not have the ability to even look at different perspectives and other platform usages (which clearly showed what some people are trying to coordinate and integrate for you so called real traders) than you are either a liar or fool. My bet is both.

So, you can either enlighten us with the fabulous trading setups and indi peramaters you have found prudent to propel you to untold wealth, or you can keep those smart ass comments in your dumb ass mouth, sit the hell down in the...



Not again!?!?!?
  • #559
  • Jun 7, 2009 10:18am Jun 7, 2009 10:18am
Quoting Paulus
Hi

so5 and Thiery

Entry at A is correct for the initial stop there are 2

Conservitive and aggresive

Conservitive will be placed a couple pips below the last swing low which is under the 1st red candle before the signal at A

Agrresive would be the TM horizonatl line under A

Your exit would be just before B it is the horizonatl line just before your horizontal line at B... this would be the last move up of the stop

I would not reenter without more testing and data I would wait for the 5min to go red and then renter on Blue blue

Hope that helps...
Hi Paulus, I have been studying and studying this thread and am going live with it tomorrow. Why would you wait for the 5m to go red and then re-enter on blue blue . I apologise if this is a stupid question, but I thought you entered when the 5m agreed with either 15 or 30?
  • #560
  • Jun 7, 2009 10:18am Jun 7, 2009 10:18am
Mr Edgetrader,
I can see you feel angry. But, please cool yourself off before posting.
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