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EUR/GBP Trendmagic System

  • #1,201
  • Jun 10, 2009 2:50am Jun 10, 2009 2:50am
Quoting affandiz
ej
Hello,

Can you post the oscillator you use, please ?

It looks great !

Thanks
  • #1,202
  • Jun 10, 2009 2:55am Jun 10, 2009 2:55am
trailing stop now.....

+25pips already
  • #1,203
  • Jun 10, 2009 2:56am Jun 10, 2009 2:56am
Thank you for your reply Paulus, so if I am understanding this correctly, the recent short on euro/usd that Digi took would not have been a valid
signal as 5 went red then 15 went red after all time frames were blue. Or am I talking total nonsense, would not be the first time
Geoff
  • #1,204
  • Jun 10, 2009 2:57am Jun 10, 2009 2:57am
Quoting notch
If the EU close above the TM then that is a long confirmation...right?
So we should wait now to see red dot on 5M (pullback) and then a blue dot for confirmation?
  • #1,205
  • Jun 10, 2009 2:58am Jun 10, 2009 2:58am
Quoting affandiz
here u go..
Thanks, that's great to share
  • #1,206
  • Jun 10, 2009 2:59am Jun 10, 2009 2:59am
I thought we were going to try and keep this thread focused on the system as it stands?

Helpful as people are trying to be, can we please not have a load of other indicators being introduced so we don't get distracted?

If you're tempted to post a new indicator, please read the following excerpt from a previous post of EdgeTrader's (He deserves that capital "T"):
Quoting Edgetrader

Lastly, I will implore ALL to stop adding indi ideas and chart shots showing so many indi's as to confuse everyone here. You need only ONE TRIGGERING MECHANISM and possible ONE CONFIRMATION indi in order to competently trade the Forex, or the Indices, or the S&P or any other trading vehicle. This thread need to evolve quickly into actual trading results based on actual LIVE trading efforts utilizing the finished product.
Full-time trader and loving it!
  • #1,207
  • Jun 10, 2009 3:00am Jun 10, 2009 3:00am
Quoting GEOFFREY62
Thank you for your reply Paulus, so if I am understanding this correctly, the recent short on euro/usd that Digi took would not have been a valid
signal as 5 went red then 15 went red after all time frames were blue. Or am I talking total nonsense, would not be the first time
Geoff
it always better to with the trend
Patience is the keyword here...
  • #1,208
  • Jun 10, 2009 3:00am Jun 10, 2009 3:00am
Quoting GEOFFREY62
Thank you for your reply Paulus, so if I am understanding this correctly, the recent short on euro/usd that Digi took would not have been a valid
signal as 5 went red then 15 went red after all time frames were blue. Or am I talking total nonsense, would not be the first time
Geoff
That's how I'm reading it now. I lost 27 pips on the short, so reversed my position and made it back on the long trade.
Full-time trader and loving it!
  • #1,209
  • Jun 10, 2009 3:03am Jun 10, 2009 3:03am
Quoting Digitalis
I thought we were going to try and keep this thread focused on the system as it stands?

Helpful as people are trying to be, can we please not have a load of other indicators being introduced so we don't get distracted?

If you're tempted to post a new indicator, please read the following excerpt from a previous post of EdgeTrader's:
sorry sir...
Patience is the keyword here...
  • #1,210
  • Jun 10, 2009 3:15am Jun 10, 2009 3:15am
Quoting affandiz
sorry sir...
Ha ha long time since I was called that!

I'm trading most days from 0600GMT, just wondering if anyone interested in joining a free chat room like chatzy.

Would reduce noise on this thread so focus could be on development and results...

PM me with email address if interested and I'll give it a go tomorrow.
Full-time trader and loving it!
  • #1,211
  • Jun 10, 2009 3:17am Jun 10, 2009 3:17am
Quoting tradintime
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
Guys , where i can find that BBMACD indicators?

It does not repaint?

thanks in advance
Work smart not hard
  • #1,212
  • Jun 10, 2009 3:19am Jun 10, 2009 3:19am
Why would you want the BBMACD - Anne has already incroporated it into the MTF??
  • #1,213
  • Jun 10, 2009 3:26am Jun 10, 2009 3:26am
This is the hourly chart of GBPUSD. I'm currently long this position. I entered into this trade at position 5. The break out of the last consolidation zone. Positions 1 - 4 were possible entry areas if I were to look at this chart earlier today.

The SL was placed at 1.6290, just below the last swing low for a risk of 68 pips. No TP was placed due to the fact I will keep this trade open as long as the TM stays blue.

Will close 1 lot when first candle closes below the TM and move SL to each new swing low until stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 102 KB
  • #1,214
  • Jun 10, 2009 3:27am Jun 10, 2009 3:27am
Quoting Digitalis
Ha ha long time since I was called that!

I'm trading most days from 0600GMT, just wondering if anyone interested in joining a free chat room like chatzy.

Would reduce noise on this thread so focus could be on development and results...

PM me with email address if interested and I'll give it a go tomorrow.

Count me in.

From tomorrow I'm scrapping all of my other systems in order to exclusively trade with TrendMagic. There is too much mental overhead trying to trade my system while watching TM pull in the pips!
  • #1,215
  • Jun 10, 2009 3:28am Jun 10, 2009 3:28am
Attached Image (click to enlarge)
Click to Enlarge Name: lost.gif Size: 60 KB
  • #1,216
  • Jun 10, 2009 3:32am Jun 10, 2009 3:32am
Well looks like +12 is all the rules would give me. yes pips were left on the table. No I'm not gonna worry bout it. Just take the next trade and stick to the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: scalp pic1.gif Size: 13 KB
  • #1,217
  • Jun 10, 2009 3:34am Jun 10, 2009 3:34am
Quoting locle
Attachment
it better to wait for sir paulus to answer that . for better understanding.

me. just stay on the fence waiting for entry and our tudorgirl to upload the hg with alert version..
Patience is the keyword here...
  • #1,218
  • Jun 10, 2009 3:38am Jun 10, 2009 3:38am
I am running 3 different setups on MTF now since Monday to see whether there is an advantage trading different setups over different TF.

I am looking at entry trigger times within the periods 05h00 GMT- 10h00 GMT and 12h00 GMT-16h00 GMT.

I have noted ATR on 5m candles within the trading periods as well as at the time of entry signal. A further consideration is looking at the hourly trading ranges (Hi and Lo)

It aint broken.... but I want to make sure I trade this system during higher probability trading periods. I have also noted on each trade the pullback in number of pips to get a handle on " safe " stop value. The exit strategy is not that easy because the trades don`t come pre-packaged in " Large" Medium , Small and XXLL. The price action as well, no Smooth, So-So and Oh-no.

I am only looking at 3 pairs at present GBPUSD GBPJPY and EURUSD.

I am trading this live with beer money only at this stage on a new account to keep it neat and tidy and separate from my other trades.

Once I have done about 50 trades, it will be time to see whether any useful information can be extracted.Ideally, I would like to get at least 20-30 trading days info to get a fairly representative sample of the performance over different trading conditions and times.

I have not cluttered the charts with additional indicators although I keep an eye on the pivot points and fibs when I have an entry signal.

If I think there is anything of value after a period of time, I will summarize the info and submit it to Paulus first to scrutinize.

It is early days but my first impressions are that the system is quite robust if you have the discipline to stick to rules. All the combinations are in profit so far!
" Never let the past hold the future to ransom "
  • #1,219
  • Jun 10, 2009 3:38am Jun 10, 2009 3:38am
Quoting locle
Attachment
Turns out it wasn't a valid entry locle. Paulus has clarified earlier:
You only enter when the 5 min changes colour to match the 15 or 30.

15 or 30 changing colour to match the 5, as in your example is not a valid entry. It's a lesson learned (and cost me 27 pips but I got them back!)
Full-time trader and loving it!
  • #1,220
  • Jun 10, 2009 3:39am Jun 10, 2009 3:39am
Quoting locle
Attachment
Trade the hourly chart. Less whipsaws.
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