EUR/GBP Trendmagic System

I am glad all you guys are so excited. It makes me happy that you are having such a good time.

But I am not making many pips. I am only making indicators. I don't have the trading experience or discipline so I can't make good pips...

Anne

Anne,

Great job with your "Hard Thinking" I know this is new and you just released. Just an observation. This does appear to repaint on the 1 HR timeframe. But still usefull. Just wanted to pass on the info.

As always - YOU ROCK!

Bill
SirWolf

Anne

I am sure some of the experienced trades here will help you out by mentoring . I am sure you will pick things fast and become a better trader.

have confidence in yourself, you are already doing such a marvelous job, stick to realistic goals, and i am sure you can make wonders

I have no doubt you'll do it, you aredestined for better and better things. Have faith in yourself, justa matter of time. Maybe identify a setup or two that you are comfortable with and only trade that. Soon, your ea will do much of the trick!!

Kind regards

Hi TG, Paulis et al,

This is just getting better and better, what an adrenaline rush, my head is spinning. I just need to get it together and make some pips. Being a newby I need to get over the 'pulling the triger' mental block.

Hopefully in a couple of week I will (we all will) be laughing all the way to the bank. (maybe we can lend them some money at exobitant interest rates )

I must just add my thanks to Paulis, Anne and all the rest of the contibutors for all your hard work it is very much appreciated.

Pure Dead Brilliant

Nick

Interesting to see the wide array of psychological profiles at work in this thread. From conservative to aggressive, pragmatic to stargazers. Everyone is being represented by their brotherhoods. One of the few times you will see all unions in harmony.

Having followed this thread from the beginning, there are no less than 17 viable indicators available throughout that are accurate enough to trade the 5m TF. Paul and Anne have provided more than adequate info. and corroborating results to qualify their respective positions.

I am not going to touch on the higher TF's here, as there are not many retail traders with the $50 to $100k needed to trade such with industry standard MM and risk guidelines.

The 5m and 15m are the focus here and that is great. So, time to provide a trading perspective that many 'traders' follow but many 'newbies' have trouble with in the beginning.

There are numerous posts, especially recently, asking that Anne modify new and existing indi's as she deems appropriate to bestow upon us. While Anne is indeed reaching the iconic levels other thread initiators have achieved over the past years, it is my understanding that she also wishes to become a proficient trader so as to augment her already superlative capabilities in mathematics and physics.

Indicator development is useless unless implemented into a trading strategy that has a decent chance to make some money. (Unless you plan to market such at which point everything here ENDS!!!)

As a trader, the industry and time tested goals should be set in stone.

1. Plan your Trade

2. Trade your Plan.

3. Set your TP (1-2% of account value daily for a smaller account {less than $5k}. WHEN YOU HIT THIS TARGET STOP TRADING!!!!!

4. Set your SL (max. of 4% of account value). NEVER EXCEED THIS!!!

5. Trade with an existing upper TF trend if present, otherwise trade EACH signal generated by the 5m with MODEST TP levels as it will be oscillating instead of trending. 7-20 pips depending on the pair is adequate here.

It amazes both myself and others how often many individuals simply focus on pip counts as opposed to percentage of account gained. I think Anne will confirm for everyone the power of compounding from a mathematical perspective. The numbers do not lie!

Now, I can also fully appreciate the adrenaline rush many here are enjoying, whether you are a seasoned trader or new. All of this material this week and some nice success is both overwhelming and intoxicating.

Be warned however, this is a fatal trap and is the predominant reasoning behind the failure of so many who venture into the trading arena. It is called GREED!! So powerful and consuming is such as to be classified as one of the deadly sins.

So, while I want everyone to be of good cheer, I am not going to press this any further. Instead, I wish each of you to instead try this little exercise as it has benefited many in the past.

First, stop with all the indi additions and pick two (2) that you are comfortable with. You need a guide indi and a trigger indi. No more and no less. Demo the rest of the week and find your 'Edge'.

Second, make sure you have some bling bling on the line!!! I do not care if it is pennies, dimes or dollars. Just make sure that it is just enough on a per trade basis that, when you do incur the inevitable loss all trading plans will produce, it provides you food for thought. That will be your comfort zone initially.

Third, trade your plan for one week with the monetary percentage goals set forth earlier. Once you have either won or lost for the day, stop trading live!! Go to demo if the adrenaline is to strong to resist the urge to plow forward.

You already have indi's capable of providing a positive expectancy on a trade by trade basis. In addition, you already have probability theory on your side on a trade by trade basis. Stop playing the video game and start trading like your very life depended on such. With a faltering economy steadily deteriorating further, your life may indeed actually depend on your mental toughness with regards to trading. More importantly, for those who have families, your spouse and children are dependent upon your strength and ability to provide.

When it all is said and done, it really is not a game people, it really isn't!!

Try the exercise and become the trading community that transcends that of virtually ALL others here. Challenge yourselves to become actual traders ad strive to help others do so. You have within you the ability and capability to ensure so many others survive and prosper. It has been provided to you on a silver platter and all you need do is ACT !!

Even I myself am taking the challenge. My goals are modest. Will finish out the week figuring out the indi combination I am comfortable with on an MT4 platform, but there are several options present. Here is but an example, four (4) quick trades on four (4) pairs for a +40 or so net gain.

A modest $2500 account with 400:1 leverage trading 5 mini's would have produced some $200. Not great but vastly superior to unemployment.

Planes, train and automobiles are all nice, but food and decent shelter need to fit into the priority schedule also.

In short, less is more. Strive to trade more lots for less pips, marginalize your market exposure, trade your plan without fear and stupify those who count upon you with abilities many of you yourselves did not even recognize you possessed.

Enough preaching, thx for your patience!

Done for the day!!

Regards.

Its all good.

Edge,
Aren't you trading the Beast today?

It's like evolution in a 'snap'! This is how man must have felt when instead of peering through the tangled jungle of indicators, he finally stood up straight and looked over the top of the grass. I'm simply amazed.Thank you Anne and Paulus, and all who nudged this nugget along.
Long Live the Queen!... Hurrah!... (Queen Anne) of course..
...just an old Stuart decendant bowing with respect and adoration to the Queen of Forex

Nice appel, i think that better to express it perhaps may not

You have true, as God in our hearts (However, I'm atheist)

Bravo!!!! That's a really wise post!

Hy guys !


This is the first time when I am posting on this great thread.

So I want to say:

Thank you Paulus and Anne, not only for this system but for your hard work and for what you guys are for all of us !!!


I am a real n00b in FX, but one thing I know for sure, this system rocks and you and Anne are the best !

Anne, you know that some times is good to take a break and make an "apple pie". If you need a break, do it and take your time.

You are a great person and I am sure that you will be a great trader (I know you already are). All what you need is a plan (set a goal and some rules for trading) and you will be ok.
There are a lot of "old traders" arround here that I am sure they will help you with great advices, so don't be disappointed, you will make great things/manny pips ! You are already doing that !
So be optimistic, cause you're the girl !!!


Thx once again !

Take care,
Have faith and patience Anne !
God Speed !

Good Point bob !
I'm with you !

Naw.

Need to scan the pairs with movement allowing solid traing opportunities.

Beast was hungry yesterday and ate many retail traders. Not much better today from my starting point.

Have been flatlined all morning as shown.

Regards.

Religious beliefs are a choice! Are irrelevent to trading. Neither God, Allah nor Budda will make the trade for you.

Responsibilities are a fact derived from actions taken.

Every action has a consequence, some good, some bad.

Regards.

edge what is the dotted line on your chart, which indicator?
thx

Up so far 65 pips today in the US session. Can't wait to try and catch the moves after 2pm eastern when the dow heats up. The best thing about this system is it gives you a clear plan and confident entries. Anne (Tudor Girl) has really knocked it out of the park with the indicators. i have no idea how you could improve them but if you say you can I believe you. It's pretty cool to see other traders have similar success as well. This morning my two positions have been taken with eur/usd and eur/gbp. I have opened up a chart for the beast but I am very, very, very scared.... Will probably just observe it.

It is a 14 MA (linear weighted with a weighted close). It triggers along side that of Paul's TM indi, which I have modified for my own personal trading style.

PA moves above and below the MA and the TM changes color in sympathy. As mentioned earlier, will experiment until weeks end with various combinations.

It is by no means a recommendation!!!!!!!!!!!!

Regards.

Hi again,

Consistently, I manage to enter near the bottom of a move (big move or
little move) and then get stopped out on retrace. I just cant see the best
entry. On the chart, all boxes are red. I come along somewhere in the
midst of this run and begin looking for an entry. Usually, it's in the wrong
place in spite of all the red boxes lining up. Can anyone offer some
advice. I believe I'm not the only one with this problem.

Thanks

I forgot to say....I can always see the best places in retrospect.
It is easy to see on the chart above but I couldnt find them while they
were in progress.

thanks again.