EUR/GBP Trendmagic System | Page 34 | Forex Factory

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EUR/GBP Trendmagic System

  • #661
  • Edited 3:05am Jun 8, 2009 2:30am | Edited 3:05am
Quoting Gleneagles
Last lot closed @ 15859, the price feeds are terrible today.

Good luck and good trading, I am finished for the day.

Nice! Bye.

Okay. I'm just sat here waiting for the next signal from the 5 min in the direction of the 5 or 30. After the price closed above TM it continued in the downtrend direction taking out the LL on the 5m chart at 1.3932 and moving to 1.3870 at pace and still declining. It's too early to say, but I suspect that being stopped out and then reentering on LL, HH breaks may maxmimise profits. I'll continue to monitor.

I can only trade the EURUSD using this system as I still have my own system to trade in order to bring in the daily bread.
  • #662
  • Jun 8, 2009 2:58am Jun 8, 2009 2:58am
Quoting Gleneagles
Last lot closed @ 15859, the price feeds are terrible today.

Good luck and good trading, I am finished for the day.
Final update.

I am not sure how this happened but the last trade was closed @ 15839 and not @ 15859 by the dealing desk. No problem if it is corrected later, I will also take the extra $200 if it is forced upon me!

I am not going to post my trades every day because you see exactly what I see on the charts.

I hope that I have given you a measure of confidence to trade a system which I personally believe has a lot of potential.

It is now part of my trading systems and I will track any future developments by Anne with interest.
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" Never let the past hold the future to ransom "
  • #663
  • Jun 8, 2009 3:06am Jun 8, 2009 3:06am
take care , u r an inspiration to us and a big confidence booster. Thanks
Quoting Gleneagles
Final update.

I am not sure how this happened but the last trade was closed @ 15839 and not @ 15859 by the dealing desk. No problem if it is corrected later, I will also take the extra $200 if it is forced upon me!

I am not going to post my trades every day because you see exactly what I see on the charts.

I hope that I have given you a measure of confidence to trade a system which I personally believe has a lot of potential.

It is now part of my trading systems and I will track any future developments by Anne with interest.
Trend is your friend...
  • #664
  • Jun 8, 2009 3:09am Jun 8, 2009 3:09am
Quoting nisha4x
take care , u r an inspiration to us and a big confidence booster. Thanks

I'll second that!!!
  • #665
  • Jun 8, 2009 3:48am Jun 8, 2009 3:48am
Is anyone else finding everything running very slow on their computer. I have 4 prs open with both MTF and STF on each plus TM. It is running at the speed of dark??
  • #666
  • Jun 8, 2009 3:50am Jun 8, 2009 3:50am
Quoting Horrigan
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
Its wrong chart.
Make money Not pips
  • #667
  • Jun 8, 2009 3:51am Jun 8, 2009 3:51am
Quoting gillybabe
Is anyone else finding everything running very slow on their computer. I have 4 prs open with both MTF and STF on each plus TM. It is running at the speed of dark??

My setup is running okay. But then again I'm flat. I'm not into conspiracy theories but I suspect as we start to enjoy more of the fruits of this great system then we'll progessively start to encounter more problems with data feeds etc. Especially, if you're spreadbetting.
  • #668
  • Jun 8, 2009 3:53am Jun 8, 2009 3:53am
Quoting balle1973
Its wrong chart.
I will look at it. Where it's wrong? Count you with the summer time?
Do you want an EA for your own profitable system? E-mail or PM me.
  • #669
  • Jun 8, 2009 3:58am Jun 8, 2009 3:58am
Quoting notch
My setup is running okay. But then again I'm flat. I'm not into conspiracy theories but I suspect as we start to enjoy more of the fruits of this great system then we'll progessively start to encounter more problems with data feeds etc. Especially, if you're spreadbetting.
Yes I am spreadbetting, but run my charts on Alpari as I find IG's charts unworkable.

BTW I love this system!! Only started using it today.
  • #670
  • Jun 8, 2009 3:59am Jun 8, 2009 3:59am
Quoting gillybabe
Yes I am spreadbetting, but run my charts on Alpari as I find IG's charts unworkable.

BTW I love this system!! Only started using it today.
It is a remarkable system. It's very easy to use.

P.S. I think IG are the best SB company IMHO.
  • #671
  • Jun 8, 2009 4:00am Jun 8, 2009 4:00am
Quoting gillybabe
Yes I am spreadbetting, but run my charts on Alpari as I find IG's charts unworkable.

BTW I love this system!! Only started using it today.
Same set up as me, Alpari UK for data feed and IG for the "bets".
No problem with speed on mine & I only have a 2mb link today...
Full-time trader and loving it!
  • #672
  • Jun 8, 2009 4:01am Jun 8, 2009 4:01am
Hello

I wont post a chart for each and every trade I take but this one worked out pretty well, as you will see I used the HG indy to get into the trade, No really great idea behind why I used a 100 pip TP... other then for me that a lot of pips on the 5 min TF (but that is changing with this system )

Also took 40 pips on the A/U today but left a lot on table with that one.

Bob
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  • #673
  • Jun 8, 2009 4:05am Jun 8, 2009 4:05am
Hi Everyone,

Got in when everything went red. Everything STILL red so still in.

Just passed 100 pips as I post this.

Anne

PS. I think some folk are getting stopped out as they have the trailing stop mechanism wrong!!

Each time the TM goes FLAT, you should move the stop to the PREVIOUS FLAT LEVEL.

If you look carefully at my chart, you will see that I have not been stopped out yet.
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  • #674
  • Edited 8:18am Jun 8, 2009 4:09am | Edited 8:18am
Hi all,

Firstly, thanks to TG and Paulus for this simple and wonderful system.
I'm posting 3 trades (EU/GU/GJ) made today since Frankfurt open (6 GMT) - My charts are GMT+2.

Entry rules are the same as Paulus:
- 5 min agree with 15m / 30m
- Enter if bar closes below Trend Magic line
- SL if close above Trend Magic line

Also, please disregard the Better Volume indicator at the bottom of the chart. It helps me gauge what's happening in the markets, but is not used for Paulus's system.

I also use Murray Math lines for TP targets. Specifically 60m MML on 5 min charts. My targets are 2 major lines down.
The MML indicator can be found here:
http://www.forexfactory.com/showpost...&postcount=858

Please disregard the MML if you do not want another indicator. I know Paulus uses the TrendMagic line as sliding SL/TP.


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  • #675
  • Jun 8, 2009 4:16am Jun 8, 2009 4:16am
Got in on eur/usd and took an easy 40 pips. strayed from sytem by getting out early. Regretting this as it went on for the same again!! doh! must be more disaplined. Great to see it working so well though. hope everyone enjoyed similar results
  • #676
  • Jun 8, 2009 4:17am Jun 8, 2009 4:17am
nobody trade EURGBP ? I got stop out for -7 pips including spread. I like the very small SL on EURBGP and the profit can be quite big. I think it's possible to have 1:10 ratio since there is no set TP and the SL move with the trend
  • #677
  • Jun 8, 2009 4:20am Jun 8, 2009 4:20am
Quoting TudorGirl
Hi Everyone,

Got in when everything went red. Everything STILL red so still in.

Just passed 100 pips as I post this.

Anne
Hey Anne

Just a little dig at me huh?
I will try and do better next time ... hold on when its all lined up!

Think your right about moving stops too!


Bob

P.S. well done with your trade...
  • #678
  • Jun 8, 2009 4:21am Jun 8, 2009 4:21am
Quoting forexisfx
nobody trade EURGBP ? I got stop out for -7 pips including spread.
Although the title of this thread says "EURGBP", I don't like it at all on the M5. It only really works on the H1.

I am with Edge. He and I only trade the "bastard" and the "beast"!!

Anne
  • #679
  • Jun 8, 2009 4:24am Jun 8, 2009 4:24am
Quoting TudorGirl
Although the title of this thread says "EURGBP", I don't like it at all on the M5. It only really works on the H1.

I am with Edge. He and I only trade the "bastard" and the "beast"!!

Anne
Which are the pairs u actually trade now?
  • #680
  • Jun 8, 2009 4:24am Jun 8, 2009 4:24am
Quoting bob_inabottle
Hey Anne

Just a little dig at me huh?
I will try and do better next time ... hold on when its all lined up!

Think your right about moving stops too!


Bob

P.S. well done with your trade...
OK - now I am out for a 58 pip win.

Not a dig at you Bob!! I have too much respect for your trading skill!!

Anne
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