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EUR/GBP Trendmagic System

  • #1,021
  • Jun 9, 2009 6:10am Jun 9, 2009 6:10am
Quoting TudorGirl
Hi All

GJ (M5) is stuck in a really well defined channel. TM is dead flat and alternating red/blue.

What does this mean (if anything) for future price action?

Anne
The longer the squeeze, the stronger the breakout?

Peter
  • #1,022
  • Jun 9, 2009 6:11am Jun 9, 2009 6:11am
Anne

From what i have noticed of GJ during past 2 years, we may see a run towards 160-161 before it tanks hard to 146 levels again. Right now its consolidating for news

Higher timeframes are getting around to tank.

nisha

BTW, been trading with utmost concentration today, and already up 13% past 2 days, today missed the earlier moves, but stil able to make some pips. I am sticking with the STF indi and trading only 1 and 5 min charts. 15 mins looks smoother, so will move onto it soon

Quoting TudorGirl
Hi All

GJ (M5) is stuck in a really well defined channel. TM is dead flat and alternating red/blue.

What does this mean (if anything) for future price action?

Anne
Trend is your friend...
  • #1,023
  • Jun 9, 2009 6:14am Jun 9, 2009 6:14am
Quoting crashout
Down
Looks like.... UP!

TG
  • #1,024
  • Jun 9, 2009 6:16am Jun 9, 2009 6:16am
we are making lower highs and higher highs on 30 mins,it means only one thing....UP

Quoting TudorGirl
Looks like.... UP!

TG
Trend is your friend...
  • #1,025
  • Jun 9, 2009 6:16am Jun 9, 2009 6:16am
Was just going to reply re GJ channel and it broke high. So I'll give that as the answer

Just been stopped out the EURUSD trade for 11 pips. Total positive pips of 110 today and 1 loss of 40 pips that I'm too embarrassed to go into detail about.

A morning's "work" for 70 pips isn't bad.

I think I'll just add a sig that says "Thank you Paulus and Anne" - save me writing it every time.

Tesco's here I come.
Full-time trader and loving it!
  • #1,026
  • Jun 9, 2009 6:17am Jun 9, 2009 6:17am
thanks to paulus and tudorgirl for this amazing system....
Patience is the keyword here...
  • #1,027
  • Jun 9, 2009 6:21am Jun 9, 2009 6:21am
Quoting TudorGirl
Looks like.... UP!

TG
All timeframes are up. (exception is now only 1 min, which is down)
/ ... clarifying decisions ... /
  • #1,028
  • Jun 9, 2009 6:22am Jun 9, 2009 6:22am
Quoting walb99
All timeframes are up.
Play the probabilities.
  • #1,029
  • Jun 9, 2009 6:27am Jun 9, 2009 6:27am
Quoting TudorGirl
Looks like.... UP!

TG
Just kidding

My day is done, this afternoon it's beach
  • #1,030
  • Jun 9, 2009 6:30am Jun 9, 2009 6:30am
Quoting gillybabe
What is that orange/yellow line onyour chart pls?? Is it really useful?
Apologies for the late reply, I only saw this now. It is quite a challenge to catch up with all the new posts.

It is 34 EMA, I just have in on my charts because of habit. It will not add any value to the system, so you can safely just leave it of.

Good trading.
" Never let the past hold the future to ransom "
  • #1,031
  • Jun 9, 2009 6:33am Jun 9, 2009 6:33am
Quoting crashout
Just kidding

My day is done, this afternoon it's beach

You should be a comic.
  • #1,032
  • Jun 9, 2009 6:48am Jun 9, 2009 6:48am
Quoting notch
You should be a comic.
It doesn't matter "where the market is going" after my day is fulfilled.

We need to deconnect from markets otherwise you will find this job so boring
  • #1,033
  • Jun 9, 2009 6:50am Jun 9, 2009 6:50am
Quoting crashout
It doesn't matter "where the market is going" after my day is fulfilled.

We need to deconnect from markets otherwise you will find this job so boring

What is the daily target pips or $$$ or % of account grown?
  • #1,034
  • Jun 9, 2009 6:51am Jun 9, 2009 6:51am
I wish I'd stayed around and traded the reversal on the eurusd. About 40 pips up from entry trigger at the moment.

Today's learnings:

 

  1. I'm going to stick with the 5min charts.
  2. Only going to trade B&B and eurusd.
  3. Remember to check for red-flag news.
  4. TM line always flattens before reversing so possible to move SL earlier.
  5. FF doesn't permit animated avatars.


Really am off to Tesco's now. Groceries anyone?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd090609e.png Size: 15 KB
Full-time trader and loving it!
  • #1,035
  • Jun 9, 2009 6:56am Jun 9, 2009 6:56am
a picture speaks louder than words,such a beautiful piece of art

Sell on RED

BUY on BLUE

thats all we need to do, dont think about anything else
Attached Image (click to enlarge)
Click to Enlarge Name: gu1min.gif Size: 15 KB
Trend is your friend...
  • #1,036
  • Jun 9, 2009 7:01am Jun 9, 2009 7:01am
this system is really superb....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
Patience is the keyword here...
  • #1,037
  • Jun 9, 2009 7:03am Jun 9, 2009 7:03am
Quoting crashout
It doesn't matter "where the market is going" after my day is fulfilled.

We need to deconnect from markets otherwise you will find this job so boring

I agree completely.
  • #1,038
  • Jun 9, 2009 7:05am Jun 9, 2009 7:05am
Quoting affandiz
this system is really superb....
Attachment
Yes, it IS!!! But this information is known a long time ago But on bastard I have been too, next in EU and UY.
Is too bad, I cannot trade the Beast, having huge spread (12 pips - too much for me)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,039
  • Jun 9, 2009 7:12am Jun 9, 2009 7:12am
I'am still looking for the best timeframe.
I'am happy with 20 pips per trade so at the moment i prefer 1 minute the most, and 5 is also nice. Higher tf is lower noise but less trades and you miss the small moves of 20/30 pips.

Make 2 trades today (busy) with 43 pips profit at EUR/USD.
  • #1,040
  • Jun 9, 2009 7:16am Jun 9, 2009 7:16am
i used range bar indicator from TG for beast..
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB




Quoting Horrigan
Yes, it IS!!! But this information is known a long time ago But on bastard I have been too, next in EU and UY.
Is too bad, I cannot trade the Beast, having huge spread (12 pips - too much for me)
Patience is the keyword here...
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