EUR/GBP Trendmagic System | Page 35 | Forex Factory

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EUR/GBP Trendmagic System

  • #681
  • Jun 8, 2009 4:28am Jun 8, 2009 4:28am
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

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.
Anne, take a look at my picture...Didn't you get your stoploss exactly on the blue line that I draw?

The high of the candle which I highlighted with ellips, already touched the previous flat of TM.

Regards,
Vio

http://img411.imageshack.us/img411/6760/ask2.gif
  • #682
  • Jun 8, 2009 4:30am Jun 8, 2009 4:30am
Hi
On my chart with paulus template, tudor girl indicator is displayed as a bar, but the charts posted here by others shows as dots...
Do i need to change anything to display it as dots?
Should i tick the allow dll imports?

Thanks
Sab
  • #683
  • Jun 8, 2009 4:33am Jun 8, 2009 4:33am
Hi Anne and Paulus !

Thank you very much for introducing your trading approach.
I'm testing this with my live account and it gives me definitely
a good confirmation to stay longer in a trade.

I'm trading off the 5min chart and it seems that my profits go up
but it has to be tested in battle field.

Referring to Paulus and his hint not to overtrade I strictly
agree and hope that each one of you respects the effect of
compounding !

Today I'm out with appr. 150 Pips and I know its veeeery difficult to
stay away from the machine

Once your account has grown to a nice figure you will understand, that
even 20 Pips are more than enough to have a nice living

Carry on with your work and have fun all together

Happy Pippin

Bernhard
  • #684
  • Jun 8, 2009 4:35am Jun 8, 2009 4:35am
this is sweet,

EJ +41 pips
EU +40 pips
GU +22 pips

+103 green pips just like that

on real money with 0.02 lot size, not ghost money

done for the day

thanks paulus and anne

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #685
  • Jun 8, 2009 4:37am Jun 8, 2009 4:37am
Quoting viocable
Anne, take a look at my picture...Didn't you get your stoploss exactly on the blue line that I draw?

The high of the candle which I highlighted with ellips, already touched the previous flat of TM.
The high of the bar was 156.62 but my stop was 156.66

I am lazy and use the "copy down" feature of the Modify Order box so I don't follow to the exact pip. Lucky I guess!!

TG
  • #686
  • Jun 8, 2009 4:39am Jun 8, 2009 4:39am
People,

It was a cash machine this morning for all majors pairs. It's past 10 am in UK. The market shoud now enter in chop mode. If you have taken sweet pips already........call it done for the day....my advice.

Loving this pip machine!!!

Make money......not fun

PR
  • #687
  • Jun 8, 2009 4:40am Jun 8, 2009 4:40am
+ 100 for gy, great start of week
Attached Image (click to enlarge)
Click to Enlarge Name: gy tudorgirl 2.gif Size: 14 KB
  • #688
  • Jun 8, 2009 4:42am Jun 8, 2009 4:42am
Quoting forexisfx
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
Yes I'm short in eurgbp at the moment. In at 0.87546, when price went back under TM. Around 40 pips profit at the moment.

But tomorrow, I think I'll get up earlier and catch the moves that seem to start at 0600 gmt on the cable and gbpjpy.

Edit: 106 viewing this thread at one point just now...
Full-time trader and loving it!
  • #689
  • Jun 8, 2009 4:47am Jun 8, 2009 4:47am
I have just taken a light crude oil trade (short) based on the system. Wish me luck! I'll post my charts after the trading day.
  • #690
  • Jun 8, 2009 4:52am Jun 8, 2009 4:52am
Hi, and thanks. How many Pips did you secure on each trade?

Quoting w37b
.....
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
  • #691
  • Jun 8, 2009 5:04am Jun 8, 2009 5:04am
Quoting notch
I have just taken a light crude oil trade (short) based on the system. Wish me luck! I'll post my charts after the trading day.
Are you doing this on IG. If so, what is the name of the trade ie daily spot crude or whatever it is? Thans. I find the way IG names things as very confusing.
  • #692
  • Jun 8, 2009 5:06am Jun 8, 2009 5:06am
Quoting gillybabe
Are you doing this on IG. If so, what is the name of the trade ie daily spot crude or whatever it is? Thans. I find the way IG names things as very confusing.

No I'm doing it on ODL. Just compare the price to that on MT.

I've been stopped out but there is a lot of potential. A very robust system!
  • #693
  • Jun 8, 2009 5:11am Jun 8, 2009 5:11am
Have yu tried using this on YM and es in NY time yet?
  • #694
  • Jun 8, 2009 5:14am Jun 8, 2009 5:14am
Quoting gillybabe
Have yu tried using this on YM and es in NY time yet?

Yes. It works!
  • #695
  • Jun 8, 2009 5:15am Jun 8, 2009 5:15am
Mmmmmmm. Real food for thought there.
  • #696
  • Jun 8, 2009 5:16am Jun 8, 2009 5:16am
Quoting gillybabe
Mmmmmmm. Real food for thought there.

In fact, it has worked on practically everything I have look at except - ironically - EURGBP!
  • #697
  • Jun 8, 2009 5:25am Jun 8, 2009 5:25am
Good day to you all,

Paulus, TG and others - please do not stone me for this - but it may assist. TG, if one looks at your Tudorgirl Hi/Lo indi you created, it seems to indicate nice SR levels during the run if you take the close of the indicated bar in the trade direction.It may also get you out earlier when the price reverses.

This may serve a purpose - maybe alternative SL level?

I attach the chart pics with the lines manually drawn in and comments.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: hilo2.gif Size: 14 KB
  • #698
  • Jun 8, 2009 5:34am Jun 8, 2009 5:34am
Hi, Paulus. Some traders seem to be re-entering Short (after being stopped out) if the price shortly afterwards closes below the MagicTrend line and the M5 bar (and M15 or M30 bar) on HG MTF has meanwhile remained red.

As I understood your advice, in these circumstances we should really wait for the 5M bar on HG MTF to go blue first and then red - to confirm the trend continuation (?) - before re-entering Short.

Have I misunderstood? Thanks, in anticipation. Richard.

Quoting Paulus
ah yes I see ..

15 and 30 are erd for example and then the 5 goes red and you go short..

you get stoped out all 3 are still red I wait for the 5min to go blue and then when it goes red as long as 15 or 30 is red I go short again

These rules may well change this is an infant system dont forget

P
  • #699
  • Jun 8, 2009 5:44am Jun 8, 2009 5:44am
People,

This system is trend trading. Forex is normally a trend market......but ES is not! I don't recomend to use the system as it is on ES, YM and NQ. The best way to use this on ES and other intraday ranging markets is trading the Pull Backs with this system. Also I advise again, that if you are trading small perios, like the 5m......trade the forex only betwenn 6.30 Uk time to 10.00 UK time. After that is chopp time until the open of the US markets. You can trade the first two hours of US session with this system....but be carefull because at that time the equity and bond market, make the rules.....and forex tends to follow.

PR
  • #700
  • Edited 6:03am Jun 8, 2009 5:51am | Edited 6:03am
Quoting profundo
People,

This system is trend trading. Forex is normally a trend market......but ES is not! I don't recomend to use the system as it is on ES, YM and NQ. The best way to use this on ES and other intraday ranging markets is trading the Pull Backs with this system. Also I advise again, that if you are trading small perios, like the 5m......trade the forex only betwenn 6.30 Uk time to 10.00 UK time. After that is chopp time until the open of the US markets. You can trade the first two hours of US session with this system....but be carefull because...
You're probably right but the only thing that I see when I look at the ES chart is some very good trades once Paulus and TG's conditions are met. The conditions seem to appear once a trend is underway or about to start. You're not trying to corner the ES to yourself are you?

MTF is set to 5, 15, 30 & 60. 60 being the red bar.

Anyway, this is a forex site and that is what I tend to trade but this system seems to be very robust.
Attached Image (click to enlarge)
Click to Enlarge Name: es.gif Size: 12 KB
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