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EUR/GBP Trendmagic System

  • #1,161
  • Jun 9, 2009 10:01pm Jun 9, 2009 10:01pm
I dont usually worry about it that much, personally.. I usually do the same I dont take a trade that is likely to be affected by news, even mid important news 30 minutes before.. big news 1 hour before. Then I wait for the news
and if its a big surprise and much better or worse than expected will wait for things to settle down (or use a news trade strategy, but not regular trading) if the news is in line you usually can go right ahead back in on the next signal.

Brian

Quoting s050399b
okay, I had filter out non-red flag news. Another mental rule for myself, no trading before and after news for 1.5 to 2 hours.
  • #1,162
  • Jun 9, 2009 10:19pm Jun 9, 2009 10:19pm
Quoting golden1
I dont usually worry about it that much, personally.. I usually do the same I dont take a trade that is likely to be affected by news, even mid important news 30 minutes before.. big news 1 hour before. Then I wait for the news
and if its a big surprise and much better or worse than expected will wait for things to settle down (or use a news trade strategy, but not regular trading) if the news is in line you usually can go right ahead back in on the next signal.

Brian


What is your news trade strategy? I had chance upon 2 major news last week, and it's was like 300+ pips in total for them in less than 5 mins. I used M1 and went in 1 min after the news has been announced.
  • #1,163
  • Jun 9, 2009 10:19pm Jun 9, 2009 10:19pm
I just wanted to thank Paulus and Tudor Girl for this great system So far, so good! Closed out 1st trade on 1hr USD/JPY for +51 pips!!! Great, simple system!!!

http://www.forexfactory.com/attachme...1&d=1244603749
Attached Image (click to enlarge)
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  • #1,164
  • Jun 9, 2009 10:54pm Jun 9, 2009 10:54pm
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  • #1,165
  • Edited 1:06am Jun 10, 2009 12:55am | Edited 1:06am
Long GU and EU, short EURGBP. Atm, all in +. Great work Paulus and Tudor Girl aka Anne

Btw, Guys sorry for messy chart I'm just playing around with some indicators...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu.gif Size: 28 KB
Click to Enlarge Name: eurgbp.gif Size: 28 KB
  • #1,166
  • Jun 10, 2009 1:17am Jun 10, 2009 1:17am
Hi TG,

Do you have any further developments or thoughts concerning the 11.3 minute timeframe on a specific (as yet unnamed as far as I can see) pair??

Many, many thanks for the hope you and Paulus are giving us....

Dan
  • #1,167
  • Jun 10, 2009 1:25am Jun 10, 2009 1:25am
re-buy EURUSD



and change TP to Trailing stop with 35pips
Attached Image
  • #1,168
  • Jun 10, 2009 1:31am Jun 10, 2009 1:31am
I have contructive suggestion for better exit point for this system. I have try this indicator for just a week, and I'm pretty happy with the exit point it gaves. I'm still continue to forward testing it, if Paulus and Tudor Girl can forward testing too, it will be nice.

The indicator is MAX_NonLagMA with seeting:
Price: 0
Length: 25
Displace: 0
PctFilter: 0.0
Color: 1
ColorBarBack: 1
Deviation: 0.0
SoundAlertMode: 1

Basicly for the exit For Long is when the colour change to red when the candle is CLOSED.

Exit For Short is when the colour change to Green when the candle is CLOSED.

Please don't close position when the candle just open and the colour is change, we must wait until the candle is CLOSED.

I attach the indicator below. Please feel free for everyone to try it too.

Hope it can help a bit.
Attached File(s)
File Type: ex4 MAX_NonLagMA.ex4   8 KB | 670 downloads
  • #1,169
  • Jun 10, 2009 1:34am Jun 10, 2009 1:34am
Grabbed 32 pips on Cable, thats enough for me
  • #1,170
  • Jun 10, 2009 1:35am Jun 10, 2009 1:35am
Chemfly - I dont see that as a long signal ??

Cheers

paulus
  • #1,171
  • Jun 10, 2009 1:43am Jun 10, 2009 1:43am
Quoting Paulus
Chemfly - I dont see that as a long signal ??

Cheers

paulus

Eurusd @ 1h TF is strong long,so re-buy it @ 5min TF

here is EURUSD 1H

Sorry for my poor English

And hope I am right,GET THE TP
Attached Image (click to enlarge)
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  • #1,172
  • Jun 10, 2009 1:44am Jun 10, 2009 1:44am
Time to sit on your hands here with the entry procedure I posted

All time zones blocks are blue we are out of the Asian session

BUT

We need the 5min to go red and then blue again on that blue as long as the 15 and or 30 is blue and the close of the candle is above the TM line is a long signal

its frustrating to watch pips run away but patients is a virtue and like all things we need rules.

If you are entering different ways dont forget the entry procedure will have to apply to all other signals.You need to have a constructive black and white approach to entry and exits.

Good luck today

P
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Click to Enlarge Name: no trade for me.gif Size: 23 KB
  • #1,173
  • Jun 10, 2009 1:46am Jun 10, 2009 1:46am
Chem

Sorry still dont get it ..I dont understand the chart

GL

P
  • #1,174
  • Jun 10, 2009 1:51am Jun 10, 2009 1:51am
Quoting Paulus
Time to sit on your hands here with the entry procedure I posted
After yesterday and today, I'm starting to wonder if it wouldn't be worth getting up even earlier to start trading at 05.00 GMT and catch these runs.

Let's see what the rest of the week brings before making any hasty decisions!

P.S. Remember UK NEWS at 08.30 GMT.
Paulus - will you avoid completely or trade on the result if it triggers a setup?
Full-time trader and loving it!
  • #1,175
  • Jun 10, 2009 1:54am Jun 10, 2009 1:54am
yes you could do

I look at the Asian alot as I have an Asian break out system working..you could winde the clock back a couple hours..but I think you would need an EA up at 4.30am for 5am is not good

P
  • #1,176
  • Jun 10, 2009 1:56am Jun 10, 2009 1:56am
Quoting Paulus
yes you could do

I look at the Asian alot as I have an Asian break out system working..you could winde the clock back a couple hours..but I think you would need an EA up at 4.30am for 5am is not good

P
Well that would be 06.00 here in the UK so not a disaster. But I'm not a morning person
Full-time trader and loving it!
  • #1,177
  • Jun 10, 2009 2:02am Jun 10, 2009 2:02am
Quoting Digitalis
After yesterday and today, I'm starting to wonder if it wouldn't be worth getting up even earlier to start trading at 05.00 GMT and catch these runs.

Let's see what the rest of the week brings before making any hasty decisions!

P.S. Remember UK NEWS at 08.30 GMT.
Paulus - will you avoid completely or trade on the result if it triggers a setup?
seems most of the moves start from late Asian session and dovetail into UK session and this makes one sit down and watch sweet pips rush bye for early UK period. Look at the charts now and you will understand

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #1,178
  • Jun 10, 2009 2:07am Jun 10, 2009 2:07am
The EURUSD has a short entry.
  • #1,179
  • Jun 10, 2009 2:10am Jun 10, 2009 2:10am
Well eurusd 5m triggered. I'm in short at 14064.7
Full-time trader and loving it!
  • #1,180
  • Jun 10, 2009 2:10am Jun 10, 2009 2:10am
I will trade I have won as much as I have lost on News

its 6 or 1/2 doz of the other

P

stay cool people stay cool

hehe
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