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EUR/GBP Trendmagic System

  • #601
  • Jun 7, 2009 1:02pm Jun 7, 2009 1:02pm
Quoting TudorGirl
Guys

Help me out here.... This timezone stuff is confusing.

Paulus has said we will avoid the Asian session. The market opens for me (in the UK) at 2200 BST which is 2100 GMT. I take it that this is opening in Tokyo where it is some time on Monday morning???

So am I safe to go to bed and not worry about the markets until 0700 BST (0600 GMT), ie when I get up tomorrow as normal !?!?!?!

I am so looking forward to working with you guys in India, Los Angeles, Australia etc that I am losing track of when who is awake, who is asleep and what the...

I use this to keep track:

http://widgets.yahoo.com/widgets/fxmarkethours
  • #602
  • Jun 7, 2009 1:03pm Jun 7, 2009 1:03pm
Quoting TudorGirl
Guys

Help me out here.... This timezone stuff is confusing.

Paulus has said we will avoid the Asian session. The market opens for me (in the UK) at 2200 BST which is 2100 GMT. I take it that this is opening in Tokyo where it is some time on Monday morning???

So am I safe to go to bed and not worry about the markets until 0700 BST (0600 GMT), ie when I get up tomorrow as normal !?!?!?!

I am so looking forward to working with you guys in India, Los Angeles, Australia etc that I am losing track of when who is awake, who is asleep and what the...
Undoubtably, you will be concentrating efforts during the London open / late Asian session the same as with Paul.

There are many others that will be focusing on the U.S. open / late London overlapping period. A bitmore volatility during the later than former but will almost assuredly be adequate for everyone to get started utilizing the indi and gaining proficiency with such.

It is pretty common knowlwdge that the bulk of the Asain session is less desirable due to low volatility. So, I would guess that those of you in the UK will have about 8 hours of opportunity to get trades on the books. More than enough information will be gathered in a short time to tweak the plan as deemed prudent.

Regards.
  • #603
  • Jun 7, 2009 1:06pm Jun 7, 2009 1:06pm
Quoting TudorGirl
Hi HT

Interesting post.

My day job at the moment is a big research project with a number of international medical schools working on a completely new approach to MS.

The whole thing hinges critically on the vascular haemodynamics. We have clinicians collecting doppler ultrasound measurements from MS patients etc but the main thrust is the haemodynamic model of the entire vascular system which I have written in conjunction with Harvard.

It is very interesting mathematics. The perfusion to the brain is of critical importance, as is plasma...
Nice, Anne

Besides anesthesiologist and "trader in development" I teach histology at a College down here in Brazil... got some interesting stuff on Blood-Brain barrier.... will send you a PM, I promise I will not deviate the thread again...

Cheers!
Many share my views with me. But I don't share them with them...
  • #604
  • Jun 7, 2009 1:06pm Jun 7, 2009 1:06pm
Ok, to avoid some confusion i attach a table where is anything explained. Hope to someone helps

If anyone cannot understand it (it in the Czech), i like to translate it, but i think that no much of text is here
Attached Image (click to enlarge)
Click to Enlarge Name: časy.jpg Size: 71 KB
Do you want an EA for your own profitable system? E-mail or PM me.
  • #605
  • Jun 7, 2009 1:16pm Jun 7, 2009 1:16pm
Please dont berate me here for my lack of maths

But if I wanted daily weekly monthly on my TM bars do I convert over to minutes and input that or wouldn't that work ?

I want to set up a daily candle stick chart with this ind on it but having trouble with the minute settings,only I desperatly want to pick daily trades whilst looking at the weekly and monthly TM bars

TG .. is the mechanics there for me to input such large minute numbers ? ie 1440 for a day 7200 for the week 28800 for the month

Paulus
  • #606
  • Jun 7, 2009 1:17pm Jun 7, 2009 1:17pm
Quoting TudorGirl
Gleneagles

Thank you. That is one of the most attractive equity curves I have seen.

Very sexy.

Anne

Dr. Boleyn,

Please stop looking at my equity curves, you need to stay focused on the task ahead and the forum really needs your unwavering focus and commitment.

Thank you!
" Never let the past hold the future to ransom "
  • #607
  • Edited 1:59pm Jun 7, 2009 1:36pm | Edited 1:59pm
While we wait for the, perhaps, most exciting trading week of our lives, a couple of pictures of my family's ancestral home, Hever Castle, in Kent. Now owned by the National Trust, this is the place where Anne Boleyn, Queen of England and mother of Queen Elizabeth I was born.

If you ever get the chance to visit, it will live with you forever.

Anne
Attached Images
  • #608
  • Jun 7, 2009 1:45pm Jun 7, 2009 1:45pm
hi all,

good 2 c that this thread is back 2 normal. can any1 tell me what time the dingdongs who works at the banks. report 4 work, go 4 lunch n knock off?? 4 new york n london.
  • #609
  • Jun 7, 2009 1:51pm Jun 7, 2009 1:51pm
Gleneagles, I must say a very impressive and encouraging post to see what you have done on your live account. Thanks for taking the time to post it.

Tudor Girl, awesome pictures. Will copy them, put them on my desk, and make it a goal to visit some day.
  • #610
  • Jun 7, 2009 1:54pm Jun 7, 2009 1:54pm
Quoting TudorGirl
While we wait for the, perhaps, most exciting trading week of our lives, a couple of pictures of my family's ancestral home. Now owned by the National Trust, this is the place where Anne Boleyn, Queen of England and mother of Queen Elizabeth I was born.

If you ever get the chance to vist, it will live with you forever.

Anne
Nice pics, Anne!

hope some time I'll get to know it live....
Many share my views with me. But I don't share them with them...
  • #611
  • Jun 7, 2009 1:57pm Jun 7, 2009 1:57pm
Now this is what I like to see. Meat on the bone. I'll have to second your GBDUSD choice because I found the risk reward to be spot on for me. Very nicely done.


Quoting Gleneagles
I have traded this method live now on 3 pairs and have done 41 trades.....

SL 30-40 pips depending on market volatility. GBPJPY SL up to 50 pips maximum with TP targets 40 and 50 pips.

.....GBPUSD 503 pips June1-June5
  • #612
  • Jun 7, 2009 2:09pm Jun 7, 2009 2:09pm
Here's a useful indicator that displays at the top right corner of your chart the time in major financial centres.

I'm sure I picked it up somewhere at ff itself. Its useful to keep an eye open not just for market open / close/ overlap hours, but also lunch hours when volume might decrease and traders might close positions, and then pick up when they get back.

regards

Pardy
Attached File(s)
File Type: mq4 P4L Clock.mq4   37 KB | 798 downloads
  • #613
  • Jun 7, 2009 2:14pm Jun 7, 2009 2:14pm
Hello ALL.Paulus & Anne,first GREAT system and thread.Now,I wanted to ask,we will be setting up our charts with the M5 timeframe,so the STF (single ) will be setup for the M5-------do we setup the MTF like this: 15,30,H1,H4 or as 5,15,30,H1?Again,GREAT JOB.Paulus I have followed all of your threads and have implemented your ideas into my trading,now with TG ------better and better.Thank you and GOD BLESS YOU...Shashi Joshi
  • #614
  • Jun 7, 2009 2:22pm Jun 7, 2009 2:22pm
Just responding to someone who posted about nonstandard mt4 tf's being offline.

Just to clarify, you can have tf's in real time on mt4 in multiples of 1 min, such as m2/3/6/7/8/10 etc and even h2/h3 etc.

I attach below a period converter indicator ( I understand this is less resource intensive than the one available within mt4). Load this to your 1min tf for your selected pair. In properties, period, select the tf you want such as 2 for m2. Now go to File, Open Offline. Double click the pair tf that will be shown, and simply add your indicators/template.

I have checked on the m2 tf and TG's indis work on it. You get less noise than m1 naturally.

Note you must not close your m1 chart, for the m2 is running off this m1 chart. You may minimise it.

If you wish, you can add another or as many instances of the period converter specigying whatever tf you want, and follow the same process.

Hope this helps in testing tf's other than the standard mt4 ones.

Regards

Pardy
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 640 downloads
  • #615
  • Jun 7, 2009 2:26pm Jun 7, 2009 2:26pm
Quoting Pardy
Here's a useful indicator that displays at the top right corner of your chart the time in major financial centres.

I'm sure I picked it up somewhere at ff itself. Its useful to keep an eye open not just for market open / close/ overlap hours, but also lunch hours when volume might decrease and traders might close positions, and then pick up when they get back.

regards

Pardy

i have this indi on my charts 2. it's useful 4 keeping track of various markets around the world. i usually hold off entering trades when 8 n 9 am approaches 4 london n new york session.

in my earlier post i hope that some1 can share with me. about when the traders report 4 work, go 4 lunch n knock off. because different places may keep different times. as these traders r the money movers. n if i know the above, then i would hold off trading or watch 4 these times. just like when a major news announcement is coming out.
  • #616
  • Jun 7, 2009 2:29pm Jun 7, 2009 2:29pm
TG

Been to Hever many times its local to me

Went to Hampton court palace a few weeks ago and actually meet Ann and Henry in one of the upper corridors ..lols

They were going through the wedding ceremony ..nice cod piece !

P
  • #617
  • Jun 7, 2009 2:32pm Jun 7, 2009 2:32pm
Quoting DoctorPips
Now this is what I like to see. Meat on the bone. I'll have to second your GBDUSD choice because I found the risk reward to be spot on for me. Very nicely done.
The trading system is a perfect fit for the large range/volatile trading conditions we have seen over the past few weeks, if you can read and write and have the commitment to trade ALL the signals that meet with your trading criteria, it is actually difficult not to show something positive for your efforts.

It starts with a trading system, if you have confidence in a trading system, half the job is done. It took 15 minutes of my time to LSD the system ( Look,See,Decide) I have other trading systems that I trade as well to cater for different market conditions but the simplicity and effectiveness, as well as the MTF component caught my attention. I did a few small trades live to check the integrity of the indicator under live trading conditions.

I must admit that I am cynical about indicators as a standalone trading system but I have enough faith in the current setup to incorporate it into my trading toolbox and the trading results are difficult to ignore.

Anne has done a marvelous job with the indicator, it picks up the different TF trends in time to reflect a high probability outcome.

As a trader, it is enough for me. The winning % is impressive for sure but I also consider ease of trading, drawdowns etc. before I pull the trigger.
" Never let the past hold the future to ransom "
  • #618
  • Jun 7, 2009 4:21pm Jun 7, 2009 4:21pm
Post # 595 refers.

Trading times should read 06h00 GMT-11h00 GMT not 07h00 GMT-11h00 GMT.
" Never let the past hold the future to ransom "
  • #619
  • Jun 7, 2009 4:28pm Jun 7, 2009 4:28pm
Quoting Gleneagles
Post # 595 refers.

Trading times should read 06h00 GMT-11h00 GMT not 07h00 GMT-11h00 GMT.
How about the 1300 - 1600?

1300 GMT is one hour after the New York open.

Is that what you wanted?
  • #620
  • Jun 7, 2009 4:38pm Jun 7, 2009 4:38pm
Quoting billbss
How about the 1300 - 1600?

1300 GMT is one hour after the New York open.

Is that what you wanted?
The time is correct for US session. I prefer to trade the LDN session because a lot of decent trade setups form during the LDN session. The reason why I look at the US session only an hour after it opens is because news events are absorbed already into the price action. I steer clear of trading around important news events as a rule.
" Never let the past hold the future to ransom "
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