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EUR/GBP Trendmagic System

  • #1,781
  • Jun 13, 2009 2:19am Jun 13, 2009 2:19am
Edge put him on your ignore list...I have he is not trader just another wannabe who insults people on this forum...thinks...he knows everything...
Lil kid.....

one word for notch IGNORE
Let Price determine your future!
  • #1,782
  • Jun 13, 2009 2:46am Jun 13, 2009 2:46am
Hello!

Its has been way beyond my imagination how fast this thread has grown! A wise man once said "when I speak I only repeat what I already know" so I have been trying to keep a low profile and learn what I can from the little gold nuggets spread around by many this week.

Edgetrader and Paulus has kept beating a drum on the basics of trading and thats good to see, That stuff you can not hear to many times. All the others that have added value have been great too!

For those that care I have been placing a few trades with this system on an MT4 demo as my broker dose not offer this platform... that said I will be happy to open an account with one that dose if the current growth rate is anything to go by.

Trades this week went like this

GBP/USD 6 Trades, 4 profit 2 loss
AUD/USD 3 Trades, 1 profit 2 loss
EUR/USD 1 Trade, 1 loss

Account up 11%

So not bad really! R:R ratio is good so a nice profit for the week.

I have been helping my family out and this has stopped me from being able to trade the Euro open, way to many of my trades have been placed after that open surge and as has been pointed out in this thread once we get to about 10am LDN time chop sets in and we can really feel that on the short timeframe we are using. I am planing on setting aside 3 days (atleast) this week where I can trade from 7am LDN time untill 10am LDN time then just swich off the method for the day.... stay out of the chop!
If I have less trades but a higher quality of trade is taken then I think I'm the winner.

Now thats my plan whats yours? LOL


Bob
  • #1,783
  • Jun 13, 2009 2:48am Jun 13, 2009 2:48am
I will try and post over the week end but its difficult I agreed not to be on the PC over the Sat and Sun any one knowing of my personal circumstances will understand

one thing

Ive had mixed results with the 5min trading as per post 1 I ended up for the week but did lose on 1day out of the 5,and on another just made positive pips

My entry will have to be looked at and refined and i have some ideas already.

I have missed very nice runs for example when the 5min goes blue then the 15 and then the 30 this is just a trend building at a nice slow decent angle..we then have a run of many pips before a pull back so the 5 min goes red blue only for that to be the last dying breath of the trend.

Ideally you should always enter a trend on a pull back but when one doesn't occur or its weak and doesn't alter TM Multy what do we do..

As I say I have ideas..

As for the SL agree its tough when you see 50 pips on the table and walk away with 10 perhaps a more efficient sliding stop is needed again I have some ideas

I have systems that use a fixed TP for example but we have to be careful not to be greedy and set the bar to high.Ive also got systems that in the past have taken off half the position at a certain pip count stop to break even and let the rest ride with a sliding stop..... but in the long run you make just as much by closing it all at your 1st TP

1min tp approx 5- 15pips
5min tp approx 15 -30 pips

to get 100 pips moves from a 5min chart is not realistic the noise is just to great

its a huge subject

please post your findings

Paulus
  • #1,784
  • Jun 13, 2009 3:06am Jun 13, 2009 3:06am
Hey notch,

please pack your ego up an leave this thread, then we all will be happy again.

You have 1.758 post in 2 months, don't you think it is time to take a rest?

Leave edge alone and get a life.

Fingo
  • #1,785
  • Edited 3:37am Jun 13, 2009 3:20am | Edited 3:37am
Quoting fingotrader
Hey notch,

please pack your ego up an leave this thread, then we all will be happy again.

You have 1.758 post in 2 months, don't you think it is time to take a rest?

Leave edge alone and get a life.

Fingo

That is such a very very good idea! Really I appreciate it...thank you. This is actually your first post in here, are you sure you have nothing else to add?
  • #1,786
  • Jun 13, 2009 3:23am Jun 13, 2009 3:23am
Quoting Paulus
I will try and post over the week end but its difficult I agreed not to be on the PC over the Sat and Sun any one knowing of my personal circumstances will understand


Paulus
Hi Paul,

Thanks for sharing the system and great thanks to Anne for modifying it.

In one of the previous post but I can't remember who mentioned, he/she only enter the major pairs and TP according to the volatility of the pairs.

TP: E/U - 35pips, G/U - 50 Pips, U/J - 20 pips and U/C - 35 pips

It works for me, coz I always have hard time when TP and end up in red.

Just my 2 cents worth.
Eileen
  • #1,787
  • Jun 13, 2009 3:35am Jun 13, 2009 3:35am
Quoting fingotrader
Hey notch,

please pack your ego up an leave this thread, then we all will be happy again.

You have 1.758 post in 2 months, don't you think it is time to take a rest?

Leave edge alone and get a life.

Fingo
Spot on tells you so much about this idiot........
I posted one chart with a view...and he lol....
Notch just leave forex factory.....you are like gordon brown....lol the whole nation says leave....there must be a reason you dumb person
Let Price determine your future!
  • #1,788
  • Jun 13, 2009 3:48am Jun 13, 2009 3:48am
Quoting Geppyg
Notch just leave forex factory.....you are like gordon brown....lol the whole nation says leave....

That's actually very funny...

Seriously though...how the hell do I close my account?




I already miss Kinn
Hi there,

Im not going to stay 1 sec. more with Pipsnipers, I am so happy I only paid for one month. The only reason I signed up was solely because of Kinn. He has a lovely trading style and he is a MAN, he has gut guts and trade what he see. He is always positive, funny and so nice to listen to.
Jason is the worst guy I ever paid to listen to. He talks down to all in the room, always talking abt the precious future (old sales trick) and now he is about to turn Pipsnipers into a MLM company as well (refer customers and make money). This is really sad, he can't make money trading, even he brags about all his cars and money, gosh I hate that guy.
I will follow Kinn and can't wait to join his new room on his own, then I can trade and not have to listen to all Jason's BS.
Kinn is made of the real stuff.
We love you Kinn!
Fingo

NOTCH SAYS: STOP FOLLOWING AND LEARN HOW TO TRADE.
  • #1,789
  • Edited 3:57am Jun 13, 2009 3:57am | Edited 3:57am
Quoting Paulus
its a huge subject

please post your findings

Paulus
Paulus,

At the end of the day, this is "just" another indicator-based system, although it may be a very good one. The optimal answers for entry and exit will depend on the individual trader and imho it's a pretty solitary & ongoing journey to find what suits one best. So the "What do we do ?" questions aren't going to work, however many people view this thread.

I know you know all this - I'm writing it for myself as much as anyone.

I do ask myself why so many traders who have already posted so many great charts elsewhere - you and ozziedave spring immediately to mind - spend so much time trynig to reinvent the wheel. Again, I do it myself all the time, but I am currently asking myself if it would be better to just dig "one single well" relentlessly, till the pure spring water flows unhindered (you know the story of the Jade Master, right ?). Constantly checking out new theads is like a psychological crutch that actually gets in the way...

Btw, are you also on the TSW forum - I see there's a Paulus there, too ?

Well, I too mustn't get caught at the computer at the weekend - family life rules !

Hope you and others take my comments in the positive way in which they are intended.

J.

Edit ...as I've written this post, I've decded to take some of my own medecine. No more forums till after the summer. Just focus on what I already have, which is WAY more than enough...
  • #1,790
  • Jun 13, 2009 4:10am Jun 13, 2009 4:10am
Hi,
Just a general observation, not aimed at anybody in particular.

As has been suggested by many, only use the TG indis and post your tests/results/trades simply using those. However, if you stick rigidly and uncompromisingly to that condition, you might as well simply run these on an EA, and therefore not learn very much. There is much to be said for human ingenuity, the desire to stretch boundaries, think outside the box, challenge perception, and try new ideas even if they might seem wacky at first glance.

Look at what this thread has generated. Starting with a great spirit of sharing and a genuine desire to help people succeed in this not so easy profession, from Paulus. Further work in developing that idea through the application of science to develop three great indicators by Tudor Girl.

This is where the difference between running a test on an EA and testing by humans comes into play. From the vast range of people participating in this thread, some have shared their powers of observation, such as Notch, Glengeagles, Nisha, Paulus, and others, identifying conditions which give the indicators perhaps a higher success rate.

There are others who have contributed other indicators, which an imposed blanket ban may not have uncovered. I see EdgeTrader using one - if that works for him, I'm sure he'll share his experience so all benefit from it.

There are still a few others including EdgeTrader and BenQ who have introduced other platforms and CRB's and Renko bars into the thread. I have started looking at CRB's and so far like what I see, using the TG indis and one of my own ( I'm not a programmer, so its just taking some indis with certain settings). Again, I might not have uncovered these had it not been for those individuals.

Many have expressed often differing and contrasting views and opinions relating to sl/tp, r/r, leading to intense debate, and the play of diversity in human behaviour. Again, in itself not a bad thing - it makes us think enough to either reject, adopt, or re-evaluate. Dealt with in a mature way, it makes for progress.

The point is that let us not stifle initiative and ingenuity, but it is upto each one of us to take what we are comfortable with, separate in our minds the wheat from the chaff.

There will always be times when things may need to be reigned in a bit, and Paulus has shown remarkable maturity in doing precisely that on two occassions.

Regards
Pardy





Quoting fingotrader
Hey notch,

please pack your ego up an leave this thread, then we all will be happy again.

You have 1.758 post in 2 months, don't you think it is time to take a rest?

Leave edge alone and get a life.

Fingo
  • #1,791
  • Jun 13, 2009 4:48am Jun 13, 2009 4:48am
Quoting fingotrader
Hey notch,

please pack your ego up an leave this thread, then we all will be happy again.

You have 1.758 post in 2 months, don't you think it is time to take a rest?

Leave edge alone and get a life.

Fingo
why are you afraid of different opinions or styles - both Edge and Notch have provided significant insights; speak for yourself, don't believe for an instant you are speaking for anyone else

this type of rancor will only wreck what has been a great thread - the best i have seen for learning how to trade using clear concise indicators with a minimum of noise.

others are finding value here, if you are not, visit another thread
  • #1,792
  • Jun 13, 2009 5:41am Jun 13, 2009 5:41am
Hi,
I think I have managed to recode the TM thing that I posted yesterday. Again, the signals aren't exactly the same but I will post the final code to the web-site when it is complete but this may take upto (if not longer) 4 weeks plus I want to liase with TG as I've merely cloned P/TG's work.

Thanks

P.S. The system is not an exact replica at this point in time but I'm working towards it but I'm also finding profitable derivations along the way.
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  • #1,793
  • Jun 13, 2009 6:14am Jun 13, 2009 6:14am
Looking good!

Quoting notch
Hi,
I think I have managed to recode the TM thing that I posted yesterday. Again, the signals aren't exactly the same but I will post the final code to the web-site when it is complete but this may take upto (if not longer) 4 weeks plus I want to liase with TG as I've merely cloned P/TG's work.

Thanks

P.S. The system is not an exact replica at this point in time but I'm working towards it but I'm also finding profitable derivations along the way.
  • #1,794
  • Jun 13, 2009 7:00am Jun 13, 2009 7:00am
Great job on your trading system. I use metatrader demo to test theories, but trade live on Tradestation. Is there any way to trade your system on Tradestation?
Thx Tgtrdr
  • #1,795
  • Jun 13, 2009 7:32am Jun 13, 2009 7:32am
Hello everybody,

I have to ask about one very important thing. Tudor Girl's indicator Hydrodynamic Vorticity has a small problem.
It's repaints after the candle is closed. So, may times I noticed it shows, for example, three blue bars, but after the next candle is closed lower, it makes change all for the red ones. So, I you trade long position (because Hydro showed first blue bar) now you have a small problem.

By the way, I wish to thank for Paulus and Tudor Girls for their great job

PS. Sorry for my english
Audaces fortuna iuvat !
  • #1,796
  • Jun 13, 2009 8:04am Jun 13, 2009 8:04am
hi chojnak

i agree you , who can make a no repaint Hydrodynamic Vorticity ??????? thanks!
  • #1,797
  • Jun 13, 2009 8:15am Jun 13, 2009 8:15am
@chojnak
@wwp726

http://www.forexfactory.com/showpost...postcount=1472
  • #1,798
  • Jun 13, 2009 8:18am Jun 13, 2009 8:18am
Quoting Paulus
I will try and post over the week end but its difficult I agreed not to be on the PC over the Sat and Sun any one knowing of my personal circumstances will understand

one thing

Ive had mixed results with the 5min trading as per post 1 I ended up for the week but did lose on 1day out of the 5,and on another just made positive pips

My entry will have to be looked at and refined and i have some ideas already.

I have missed very nice runs for example when the 5min goes blue then the 15 and then the 30 this is just a trend building at a nice...
Paulus,

Just a note on your suggested fixed TP. I used this method on Wed and was using a 20 PIP TP. I had MANY winning trades. I also reentered on pull backs where the 5 MIN was still the same color. I took out almost 400 PIPS doing this. One to consider for sure.

Bill
SirWolf
Believe and Achieve!
  • #1,799
  • Jun 13, 2009 8:57am Jun 13, 2009 8:57am
Quoting >Apocalypto<
what u posted has nothing to do with the method. relevance to this thread??

A. Zero......

why don't u get a MT4 demo and trade to the set up?
If you read the thread, you'll find out, before making comments that DO NOT add anything to the method, or trading knowhow.

Lets keep the thread friendly, positive and insightful.

Kind Regards
  • #1,800
  • Jun 13, 2009 8:57am Jun 13, 2009 8:57am
Quoting Paulus
My latest setup is here with what you need and this is up to date currently 12th June

  1. The BB MACD and the TM indicator below were combined into one indicator by TudorGirl
  2. She then developed it into a multy time frame version ie.. if your on a 5min chart you can see the 5min 15min,30min and 1hour TM for example instead of having all 4 charts open
  3. This indicator is called TudorGirl HG 0001a MTF
  4. She then developed an indicator called TudorGirl Hydrodynamic Vorticity


All the best...

Thanks for all the hard work .. I set up the new HG0001 indicator but do not see any difference .. the old HG0001 also showed 4 timeframes on the 5 min.

What does the Vorticity indicator show?

And are you saying if we use the new version of TM we do not need to also have the BB MACD? And the new version has the same name as the prior one?

In bullet 2 above you say " she then developed it into..." where 'it' would seem to refer to the BB-TM combo in bullet 1 .. but I don't think you meant it that way.

Please provide clarification if possible however I am very grateful for this thread and these indicators, I think they will make a big difference in my trading
******************* I'd rather make money than be right.
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