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EUR/GBP Trendmagic System

  • #941
  • Jun 9, 2009 1:52am Jun 9, 2009 1:52am
Quoting Digitalis
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.

After last night's short trade on the beast, this morning's trade on the basta*d and the euro, I'm up 20% on my account while risking 2% per trade. So I'm through for the day. I'm sure that I have left some pips on the table but there will be more available in the future.

P.S. That difficult day of trading will have to wait until tomorrow. Happy pipping all!
  • #942
  • Jun 9, 2009 1:53am Jun 9, 2009 1:53am
ok stop move now have 45 pips locked in loss regained and up for the day

P
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  • #943
  • Jun 9, 2009 1:55am Jun 9, 2009 1:55am
Quoting Paulus
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


Paulus
Paulus - on the gbpjpy, when would you move your stoploss up to the next level, that is just forming?
Wait for a horizontal?
Cheers...

Edit: haha - good timing, don't bother to answer!
Full-time trader and loving it!
  • #944
  • Jun 9, 2009 1:59am Jun 9, 2009 1:59am
Good point actualy up 110 pips why not cut and run

You could trade on a rules that if we get an SEM ( sudden explosive move) that pushes up past a certain fig close and shut down if your in the black for the day.

Up to you makes sense.. swimming with the sharkes dont forget I was up 85 but lost 35 on 1st if i closed out that would leave 50 on the table above my min daily requirement..

Esp after an SEM ..but I must say TM is doing quite well in keep up with it its not lagging to much and keeps me not to far behind.

Glen.... You need a butler I come cheap ..... got my own tent dont mind dossing down on the back lawn ...hehe

P
  • #945
  • Jun 9, 2009 1:59am Jun 9, 2009 1:59am
Quoting Gleneagles
Got into the trades late because of ISP issues.

I am starting to feel guilty but I am sure it will pass.
nice one. if you feel guilty use the money to save the lives of people dying of starvation in Africa and Asia. maybe that can be part of the thread. maybe having a goal like that will improve our trading performance.
change the future, not the past
  • #946
  • Jun 9, 2009 2:05am Jun 9, 2009 2:05am
Hi,

First of all this is not a by the rules system trade that I am showing. My question is about the repainting of the HG A_0001a MTF indicator.

I enter this trade at 1.3889 shown by the blue arrow on the 5M chart. When I entered the trade all of the indicator rows except the 5 min were red. I changed to the 15M chart to check on the trend and when I returned to the 5 min chart the 30 min indicator row was now showing several blue boxes. After the fact it looked like the 30 min indicator row was signaling for a long trade 30-60 minutes before I actually entered my long position. I have read the thread and I was under the impression that the indicator boxes with a coresponding closed candle would not repaint. The 30 min row is showing 3 blue boxes before my entry. The other thing that was puzzling was the 30 min indicator row showed 3 blue boxes and the 15 min row didn't show a blue box until I entered the trade. How can that be so, 5 min should change first followed by 15 then 30 then 1hr indicator row.

Any one else had this experience???
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  • #947
  • Jun 9, 2009 2:05am Jun 9, 2009 2:05am
as soon as the tm lines goes from angle to horizontal wait for that candle to finish so that horizontal TM is locked in position and move stop to the horizontal level below that

just moved my stop again

Now locked in 56 pips
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  • #948
  • Jun 9, 2009 2:09am Jun 9, 2009 2:09am
I've been reading this thread from the beginning.
since the result looks very promising, I tried to build an EA to ease the job, but I end up with not so good result in back-testing. ( aarrrgggghhhh..)
does anyone have an advise for setting up a good indicator to enter and exit the market ?
as indicator I use Trendmagic, HG & HG MTF.
i wonder if anyone already build a good EA, maybe you could share an information or advise me several critical point ??
(I know it's not easy to write the program, so I wouldn't ask you to share for public)



thank you..
  • #949
  • Jun 9, 2009 2:09am Jun 9, 2009 2:09am
Quoting 137
nice one. if you feel guilty use the money to save the lives of people dying of starvation in Africa and Asia. maybe that can be part of the thread. maybe having a goal like that will improve our trading performance.
A chap on another forum posted this link: http://www.kiva.org/

Lending to the working poor through Kiva involves risk of principal loss.

I've started to sent £10-20 to various poor entrepreneurs. It's an amazing cure for the guilt that arises from generating cash and hoarding material possessions!
  • #950
  • Jun 9, 2009 2:20am Jun 9, 2009 2:20am
Quoting ozziedave
Hi,

First of all this is not a by the rules system trade that I am showing. My question is about the repainting of the HG A_0001a MTF indicator.

I enter this trade at 1.3889 shown by the blue arrow on the 5M chart. When I entered the trade all of the indicator rows except the 5 min were red. I changed to the 15M chart to check on the trend and when I returned to the 5 min chart the 30 min indicator row was now showing several blue boxes. After the fact it looked like the 30 min indicator row was signaling for a long trade 30-60 minutes before...
Yup.. just a few minutes ago..
I open two window with TF M1 and M5, in the current candle, in M1 the indicator for HG_MTF (under timeframe M5) sudden get red, but then get back to blue again.
note : i use EUR-USD pair
  • #951
  • Jun 9, 2009 2:21am Jun 9, 2009 2:21am
Quoting 137
nice one. if you feel guilty use the money to save the lives of people dying of starvation in Africa and Asia. maybe that can be part of the thread. maybe having a goal like that will improve our trading performance.
I " adopted " a rural school that typically battles with infrastructure and proper learning aids.

I bought 20 computers plus Internet server.
It has made an unbelievable difference to the lives of the children.

Apologies for the non-trading post.
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" Never let the past hold the future to ransom "
  • #952
  • Jun 9, 2009 2:26am Jun 9, 2009 2:26am
Quoting Paulus
Dont forget if your watching the 5min chart and the 15 and 30 min TM blocks are blue and the 5min TM block goes red and you haven't hit the lower stop yet this is probably just a retracemnt of the long term up 15 and 30 min trend its just a pull back..

Give it room to breath you may well be coming out to early..time will tell just be aware


wish I had read this 2 hours ago!
  • #953
  • Jun 9, 2009 2:43am Jun 9, 2009 2:43am
Quoting Gleneagles
I " adopted " a rural school that typically battles with infrastructure and proper learning aids.

I bought 20 computers plus Internet server.
It has made an unbelievable difference to the lives of the children.

Apologies for the non-trading post.
That is a lovely thing to do, Glen.

All this concern over a few "pips" when there is this in the world.....

The best thing everyone could do with my work is to give a little of your profits to help others.

Anne
Attached Image
  • #954
  • Jun 9, 2009 2:43am Jun 9, 2009 2:43am
Quoting cemfx
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



No, for buy signal, also need the price to be above TM, it shows candle stick is hitting on TM
  • #955
  • Jun 9, 2009 2:44am Jun 9, 2009 2:44am
Quoting notch
A chap on another forum posted this link: http://www.kiva.org/

Lending to the working poor through Kiva involves risk of principal loss.

I've started to sent £10-20 to various poor entrepreneurs. It's an amazing cure for the guilt that arises from generating cash and hoarding material possessions!
that sounds like a great cause and worth the risk.
change the future, not the past
  • #956
  • Jun 9, 2009 2:44am Jun 9, 2009 2:44am
Stopped out of the beast for 48 pips profit on 5m chart.
Still in cable on 15m chart, currently up 92 pips, with 53 of those locked in.

It was worth getting up an hour earlier for!

A quiet day, only 98 viewing this thread as I write.
Full-time trader and loving it!
  • #957
  • Jun 9, 2009 2:44am Jun 9, 2009 2:44am
Quoting Gleneagles
I " adopted " a rural school that typically battles with infrastructure and proper learning aids.

I bought 20 computers plus Internet server.
It has made an unbelievable difference to the lives of the children.

Apologies for the non-trading post.
that must feel awesome.
change the future, not the past
  • #958
  • Jun 9, 2009 2:50am Jun 9, 2009 2:50am
I second this, we all should be responsible enough to contribut some % of all our profits monthly towards a worthy cause and support it like how glen has done, thats the least we can do to support Paulus and Anne excellent work here

Quoting TudorGirl
That is a lovely thing to do, Glen.

All this concern over a few "pips" when there is this in the world.....

The best thing everyone could do with my work is to give a little of your profits to help others.

Anne
Trend is your friend...
  • #959
  • Jun 9, 2009 2:56am Jun 9, 2009 2:56am


Quoting Gleneagles
I " adopted " a rural school that typically battles with infrastructure and proper learning aids.

I bought 20 computers plus Internet server.
It has made an unbelievable difference to the lives of the children.

Apologies for the non-trading post.
  • #960
  • Jun 9, 2009 2:57am Jun 9, 2009 2:57am
Quoting 137
that sounds like a great cause and worth the risk.
Well, when I get repayments they will go to Kiva to contribute towards their operational costs.
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