EUR/GBP Trendmagic System

aud/nzd looks strong on all tf's

Here's a +22 on E/U during late asian.

For me at least...Asian session is wonderful but have to switch
over to just 1 minute charts during the session, then before
London, personally, I switch over to 5 min then to trade
from then on.

Brian

BTW, thank you Paulus and TG for your efforts and tools supplied here.

Just browsing back on some charts and wondered if anyone could justify this particular moment as a buy signal...The MTF indicator is all lined up blue but the next dot is a red. Would this have been a buy then a quick close for a small loss? Does anyone see a sell signal in this particular setup? The down move is pretty strong here. The top bar is the 1 min, then 5, then 15, then 30. The 1 min remains blue during this move which would have kept me out of the sell trade...

http://i152.photobucket.com/albums/s...a/question.jpg

cemfx,

I would not take a signal on the MTF indi alone - you need the STF also to confirm it is a valid signal as the colours do not line up - could be a yellow still on the STF indi.

You'll find this in one of TG's comments regarding the available buffers in the indi.
Hope this helps.
Cheers

Just Long EU. Great system Paulus and Tudor Girl aka Anne. Thank's

Hi All.

This thread is great! And there is a great sense of working for the success of all. This is greatly appreciated.

Some thoughts.

The indicators presented here can be a winning system.
But, as soon as you have your first loss, you think to yourself that the system has failed and you need to add more indicators.

The truth is, YOU will NEVER have 100% winning trades.
YOU also will NEVER get 100% of the move. So get over it!.

The market will always be there with pips, so don't be greedy to get every last pip!
If you only were trading 4 mini lots and capturing just 50 pips per day, that would be $1,000 a week!! That is $52,000 a year just from 50 pips a day and a mini account.

To be more successful-----The best thing you could do right now is to take and use these few indicators that we have here and DELETE ALL OF THE OTHER INDICATORS in your indicators folder.

THEN! Trade what you see, not what you think. Leave the predictions for the psychics.

In other words; NO SIGNAL! = NO TRADE!
You either have a clear signal or you don't. PERIOD!
If you do have a signal, get in. If you don't, stay out. It is as simple as that!

Repeat to yourself;
NO SIGNAL! NO TRADE!
So WAIT! For the next signal!

Success to all

Bruce

So i'm up earlier than usual, ready for the 6.00 GMT moves, only to find long triggers on B&B happened about 20 minutes ago.

Think I'll go back to swing trading

Looks like they're turning on the hour, we'll see!

Hi

Look how choppy the market was before you got the buy signal and how flat TM is.

Yes, I'll be looking at that today, whether it should be one of my rules to only enter if the preceding TM line is angled.

I'm also comparing 15 min with 5 min, I think I'm going to prefer trading the 15...

I have gotten into the trade at point a, but TM goes red at point b, should I get out of the trade then or wait for it to hit stop loss?
in hindsight, I should have left it hit the stop loss, but I want to know what you will do.
Thanks,


http://img191.imageshack.us/img191/5260/qqqq.png

Get out at point (when SL is hit) and reenter when the relevant blocks turn blue and the price closes above TM - 2 bars on.

I hope it's a wild trading session so that we get plenty of stops and reentries. It will be interesting to see how the system works under duress.

LONG The Beast GJ, currently +35 To Paulus and Anne aka Tudor Girl

A little suggestion from me..
I think to trade after 5 GMT is a good time to trade with this indicator.
I found out that it is safer to trade after this time.
If you watch your chart carefully just now, we have a huge profit from GBP/USD, GBP/JPY, and also EUR/USD.
Try to compound your trade everyday and see the significant impact to our equity. this is a nice indicator !

i'm up over 70 pips on GBP/CHF it's on FIYA

It has a great daily timechart lineup

I'm long on cable 15m and gy 5 min.
Been up 120 pips but expect there'll be a pullback.
I'm going to stick to the rules for exit, but will be thinking about a partial TP for future trades.

Morning all

Come out yer bunkers and put your tin hats on could be a rough ride today after such a nice trend..but hey go none of us know whats going to happen

Ok 1st trade of the day for me looked great and eneded as a loss of 35 pips ...in a way Im glad sounds wierd I know but gives us a reality check.... now people get nervous and as Bruce says the old MT indicator tool box will be flipping open..... Lols

Im currently long regained my loss if I close now but thats not the rules of the game

How hard did i have to think to take these trades.

the loser

After Asian - yes
Min of 2 blue or 2 red one of them being the 5 min - yes
Price above /below TM line - yes

Hmm that was hard click enter set stop make tea

lost - 35 pips... forget it next one

The winner ( we hope ha !)

After Asian - yes
Min of 2 blue or 2 red one of them being the 5 min - yes
Price below/ below TM line - yes

Hmm that was hard click enter set stop make tea

Winning at mo up 80 pips stop at break even

See any thing different in the thought process for winner and loser ?......

NO 3 steps for each thats it

Paulus

Out on the GJ at yesterdays high (I know...I am not following exit rules! but stil) with a cool 92 pips, very very nice system.

Also about 20 pips on the EJ atm. looking to TP at DP.

Many thanks Paulus and TG.

Btw TD, is that you on avatar pic? hehehe...

Cheers and good trading to all
Ezzy

Got into the trades late because of ISP issues.

I am starting to feel guilty but I am sure it will pass.

Strictly same as you Paulus.

- 30 and now counting (+110 at the moment)

Edit : just cut @ + 105 Day is done ! Time to go shopping