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EUR/GBP Trendmagic System

  • #721
  • Jun 8, 2009 8:15am Jun 8, 2009 8:15am
Hi Folks!

I love this system and have been having pretty good luck. I live in NY and have mostly been trading the NY session, but I have limited time to do so because of my job. I know Paulus recommends we avoid the Asian session. I see many that recommend only trading the UK session. What is the consensus on the best times to trade this system for the best success? If the beginning of the UK session is the best time, I will get up at 3AM my time to trade it. But, that also overlaps the Asian session by a couple of hours.

Thanks Folks!

SirWolf
Believe and Achieve!
  • #722
  • Jun 8, 2009 8:21am Jun 8, 2009 8:21am
Notch may have left for the day, but ES is the S&P; ER is the russell; YM is the Dow. Not sure what else he mentioned. Sometimes different platforms will label them slightly differently.

Quoting TudorGirl
Cuurently almost 120 readers online! An FF record??

Notch - what is the ES and the other two-letter symbols you are trading?

Anne
  • #723
  • Jun 8, 2009 8:22am Jun 8, 2009 8:22am
Quoting mosfin
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
Who has an answer to this question?
  • #724
  • Jun 8, 2009 8:26am Jun 8, 2009 8:26am
Quoting BenQ
Notch may have left for the day, but ES is the S&P; ER is the russell; YM is the Dow. Not sure what else he mentioned. Sometimes different platforms will label them slightly differently.

Agreed. #YMM9, #FFIM9 & EPM9 are on FXPro's MetaTrader. They stand for Dow (e-mini), FT100 and S&P500 (emini).

I honestly believe that if the system was traded via Interactive Brokers or another with a 1 tick spread then a fortune could be made but it's still early days. I'm struggling to find an instrument where this system doesn't work...I'm truly amazed!

P.S. Up 12% on my account even though I missed practically all of the 6-8am downtrend!
  • #725
  • Jun 8, 2009 8:26am Jun 8, 2009 8:26am
Hi Anne,

I've attached a screen shot showing HG_MTF repaint on 30m. I've also seen it happen on 15m.
The left chart was opened 2 hours before the right chart.

Attached Image (click to enlarge)
Click to Enlarge Name: TG_HG_MTF_repaint_30m.jpg Size: 43 KB
  • #726
  • Jun 8, 2009 8:26am Jun 8, 2009 8:26am
I trade the NY session and it works great. Usually you have a nice move in the morning than again around 2 eastern. Last week a couple times I got in at 9am and when my work day stops at 4pm I would still be in it.....

Quoting sirwolf
Hi Folks!...
  • #727
  • Jun 8, 2009 8:28am Jun 8, 2009 8:28am
Quoting mary4x
Who has an answer to this question?
If you squeeze the indicator window tighter the dots appear as one continuous bar.

Expand the window and individual dots appear for each time frame.

Readings will be the same either way.
  • #728
  • Jun 8, 2009 8:31am Jun 8, 2009 8:31am
Quoting w37b
Hi Anne,

I've attached a screen shot showing HG_MTF repaint on 30m. I've also seen it happen on 15m.
The left chart was opened 2 hours before the right chart.

Attachment

This is strange because I had exactly the same problem on one computer. So I tried it on a different computer but it didn't repaint.
  • #729
  • Jun 8, 2009 8:32am Jun 8, 2009 8:32am
Quoting w37b
Hi Anne,

I've attached a screen shot showing HG_MTF repaint on 30m. I've also seen it happen on 15m.
The left chart was opened 2 hours before the right chart.

Attachment
Look at this thread ABOVE CAREFULLY!! This has been mentioned, it normal behaviour at all mutli TFs indicator!

Simply divide your main TF by the count of dots on MTF indice - progress on any ONE candle does'nt matter
Do you want an EA for your own profitable system? E-mail or PM me.
  • #730
  • Jun 8, 2009 8:36am Jun 8, 2009 8:36am
Quoting Horrigan
Look at this thread ABOVE CAREFULLY!! This has been mentioned, it normal behaviour at all mutli TFs indicator!

Simply divide your main TF by the count of dots on MTF indice - progress on any ONE candle does'nt matter

Another problem...everytime I close a profitable trade using this system I am overwhelmed by visions of living in an Executive Suite at the Hilton Dominican Republic and spending my days with laptop trading on the beach...can anyone help?
  • #731
  • Jun 8, 2009 8:39am Jun 8, 2009 8:39am
Sssssssshhhhhhhhh..dont tell it loud,the Brokers may hear u and play their tricks.

Enjoy whatever u get and have good MM, u will get there soon

Quoting notch
Another problem...everytime I close a profitable trade using this system I am overwhelmed by visions of living in an Executive Suite at the Hilton Dominican Republic and spending my days with laptop trading on the beach...can anyone help?
Trend is your friend...
  • #732
  • Jun 8, 2009 8:41am Jun 8, 2009 8:41am
Quoting w37b
Hi Anne,

I've attached a screen shot showing HG_MTF repaint on 30m. I've also seen it happen on 15m.
The left chart was opened 2 hours before the right chart.

Attachment
I've noticed it repainting, also.
The "corrected" indications appear when it is refreshed.
  • #733
  • Jun 8, 2009 8:42am Jun 8, 2009 8:42am
Hi every one!

Thanks you for this nice visual system. Special thanks for Paulus and Tudorgirl

In a trending day (all the HG are the same color), I find it pretty difficult to re-entering the trade (at good price) after it hit my Stop. I found a good visual way using Ichimoku Kinko Hyo (2, 3, 5) indicator cloud Blue for re-entry.

I re-enter my trade when (all Red (1M, 5M and 15M)) price open below the Ichimoku cloud. I realize that in most case it’ a good confirmation that price finish it’s retracement.

For my initial Stop, I use the last Support/Resistance level find by Trend Magic +/- 2 Pip above the last high (20 Pip Average). The Flat line is when retracement or consolidation).

When it reaches 10 Pip profit:
1-Start trailing 15 Pip
2-Trend Magic become my Stop.

I exit the trade when price hit one of those two.

For buy vice versa.

Here is a screen shot:
Attached Image (click to enlarge)
Click to Enlarge Name: Tmagic1.jpg Size: 82 KB


TakeOTW
  • #734
  • Jun 8, 2009 8:43am Jun 8, 2009 8:43am
Well as for trading times, i am in Australia so i am at work for the Asian session. So i mainly trade the UK session, the start of the US session is usually my bedtime!
  • #735
  • Jun 8, 2009 8:44am Jun 8, 2009 8:44am
Quoting nisha4x
Sssssssshhhhhhhhh..dont tell it loud,the Brokers may hear u and play their tricks.

Enjoy whatever u get and have good MM, u will get there soon

Okay. Thanks.


I'm pretty sure that I will wake up soon out of this dream.

Anyway happy pipping.
  • #736
  • Jun 8, 2009 8:45am Jun 8, 2009 8:45am
thanks Paulus and Tudorgirl for your easy trading system, I hope you guys stay with us on this thread, we need you..
Attached Image (click to enlarge)
Click to Enlarge Name: trend.gif Size: 60 KB
  • #737
  • Jun 8, 2009 8:46am Jun 8, 2009 8:46am
I'm not surprised!!!!!!!!
Thanks again. Seems all soldiers are winning the battle on many fronts!!
Regards
Pardy

Quoting TudorGirl
Cuurently almost 120 readers online! An FF record??

Notch - what is the ES and the other two-letter symbols you are trading?

Anne
  • #738
  • Jun 8, 2009 8:47am Jun 8, 2009 8:47am
Quoting notch
Agreed. #YMM9, #FFIM9 & EPM9 are on FXPro's MetaTrader. They stand for Dow (e-mini), FT100 and S&P500 (emini).

I honestly believe that if the system was traded via Interactive Brokers or another with a 1 tick spread then a fortune could be made but it's still early days. I'm struggling to find an instrument where this system doesn't work...I'm truly amazed!

P.S. Up 12% on my account even though I missed practically all of the 6-8am downtrend!
Couldn't agree more.
Would be great to have this for NT, even the TrendMagic converted ?
So I could see it on all markets and evaluate with the CME/Eurex/Liffe etc data/fills etc.
I think recent policy suggesting that leverage may be changed on spot forex transaction may be an issue for those companies. We'll see.
Wouldn't the CME just love to have all you're accounts trading over there.!!

Anyway hoping someday for NT indi's to be able to join in on the monitoring and fun.

Kind Regards
  • #739
  • Jun 8, 2009 8:54am Jun 8, 2009 8:54am
Quoting cd170
Couldn't agree more.
Would be great to have this for NT, even the TrendMagic converted ?
So I could see it on all markets and evaluate with the CME/Eurex/Liffe etc data/fills etc.
I think recent policy suggesting that leverage may be changed on spot forex transaction may be an issue for those companies. We'll see.
Wouldn't the CME just love to have all you're accounts trading over there.!!

Anyway hoping someday for NT indi's to be able to join in on the monitoring and fun.

Kind Regards

It even works on stocks! OH MY....OH MY OH MY!

This is...without exception - the most robust system I have ever seen. J. Welles Wilder...eat your heart out!
  • #740
  • Jun 8, 2009 9:06am Jun 8, 2009 9:06am
We have just got a signal short at eur/usd
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