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EUR/GBP Trendmagic System

  • #1,961
  • Jun 15, 2009 10:09am Jun 15, 2009 10:09am
Quoting zero2vmdotco
Here u go.
Can someone please explain this. thanks
OK, i will try to explain how to use vorticity indicators (but I wrote this TODAY, somewhere above)

I use HV for exits ONLY (for entries i have both HGs, for stoplosses TM line, and HV I ignore)
If I am in the trade, watching HV, and when "flashes" to opposite colour, I will close full of position. In this case does not matter me that HV repaints some candles prior the current.

Some else to explain? Perhaps I misunderstood you
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,962
  • Jun 15, 2009 10:14am Jun 15, 2009 10:14am
Quoting Horrigan
Ok, but I thought, that ALL what we need to be profitable with this system we have. Oppositions is welcomed, infos about both bad and good trades, nevertheless some else indices (as MAs, ADXs, and other "junk" what we can see in this thread NO!

Or misunderstand you?

For me, this system (without "upgrades") runs very well (today some loss, but if you "throw your eyes" on chart, there wasn't mind nothing - (czechs says "range as Brno") - but other days great profits. If I take the fact, that this isn't a holy grail, i MUST be very happy....
Very true. You already have the basic tools available to do pretty well. That TGMTF can be improved upon though. As Anne has time, adding and subtracting indicators to enhance it will benefit all. Can add MA, RSI, Momentum and virtually anything one chooses. We will defer to her decisions as to what she likes to have in that particualar indi, but the possibilites are explosive.

In short, any recommended indi's that can be incorporated into, or augmented with, those in the MTF indi are pretty good exploration products as down time permits.

Regards.
  • #1,963
  • Jun 15, 2009 10:16am Jun 15, 2009 10:16am
Horrigan can u explain with a screen shot. plz thanks
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  • #1,964
  • Jun 15, 2009 10:16am Jun 15, 2009 10:16am
Well, I was determined to trade only eurusd and stick strictly to the SL rule.

So I've had 2 trades today and it's been like watching paint dry. Wouldn't be so bad if could set and forget, but it's too slow when you have to watch it all the time.

The first trade was -35. Second trade I just couldn't keep to SL rule and exited the trade at +62, I hate end any day on negative pips and didn't want to see price retrace to the SL before getting out.

So I need to re-think.
I need a situation where, if I'm going to sit at the computer all day, I need to be kept busy, so maybe scalping off the 1 min with a quicker pair. Or finish early so I can go out for the rest of the day.

I think I'll have a closer look at Edge's method now too, that might fit the bill.

Suggestions welcome.

The great thing is the confidence with which we are all talking when using this method. That says a lot...
Full-time trader and loving it!
  • #1,965
  • Jun 15, 2009 10:24am Jun 15, 2009 10:24am
Quoting Digitalis
Well, I was determined to trade only eurusd and stick strictly to the SL rule.

So I've had 2 trades today and it's been like watching paint dry. Wouldn't be so bad if could set and forget, but it's too slow when you have to watch it all the time.

The first trade was -35. Second trade I just couldn't keep to SL rule and exited the trade at +62, I hate end any day on negative pips and didn't want to see price retrace to the SL before getting out.

So I need to re-think.
I need a situation where, if I'm going to sit at the computer all day, I...
Hey DIG,

Scanning four (4) pairs will help with your boredom issue. Also, take a good look at the FT indi again. If at work, it at least has an audio alert that signals the change. Worth considering I suppose.

The 1m is super dangerous IMHO.

Regards.
  • #1,966
  • Jun 15, 2009 10:26am Jun 15, 2009 10:26am
Edge. I am really sorry to be dim, but what exactly is the FT indi pls?
  • #1,967
  • Jun 15, 2009 10:36am Jun 15, 2009 10:36am
Quoting Edgetrader
Hey DIG,

Scanning four (4) pairs will help with your boredom issue. Also, take a good look at the FT indi again. If at work, it at least has an audio alert that signals the change. Worth considering I suppose.

The 1m is super dangerous IMHO.

Regards.
Thanks Edge, you're right I need to focus on more pairs, or at least pairs a little more volatile.

I love the fact I'm fed up, having made 27 pips for the day. Previously, I was more than happy with 10-20 pips per day full-time trading

I'll have a proper look at the FT indi, just have to wade through the whole of this damned thread again!
Full-time trader and loving it!
  • #1,968
  • Jun 15, 2009 10:41am Jun 15, 2009 10:41am
Digitalis, I have been trying to succeed as a forex trader for 4 years and I had always heard over and over to stay away from the 1 min chart, that it is nothing but noise, so I did until the past few months. I stumbled across the Trend Magic indicator a couple of months ago and for some reason tried it on the 1 min charts, along with other timeframes. I, like you, just don't have the patience to stare at charts for hours with no action. It makes me do stupid things that cost me money. Based on intense study over the past 2 or 3 months, I am soundly convinced that the 1 min charts can be safely and profitably traded using TM as your basic indicator with the standard settings. Trade long when its blue, short when it's red. Pick from the many acceptable indicators available to time your entry (I have my own but they are not the ones used here so I'm not posting them here and getting into that can of worms). So I would modify Edgetrader's comment a bit and say that the 1 min charts "can" be dangerous but don't have to be. The beauty part is that there is never a reason to take a large loss on the 1 min charts and my mental state is much better if I know at worse I will take a small loss. My worse losses are usually around 15 pips, and that is very rare, most are 5 to 10 with many breakevens. And believe me, you can get runs of 20, 30, even 50 pips even on a one min chart but you also can knock out 5 or 10 on a real consistent basis. So at least give the 1 min charts a try on demo and see if it works for you like it does for me.
  • #1,969
  • Jun 15, 2009 10:42am Jun 15, 2009 10:42am
Yes, what are the FT indis ?

Edit : for info, a guy made a dashboard : http://www.forexfactory.com/showthread.php?t=175994
  • #1,970
  • Jun 15, 2009 10:43am Jun 15, 2009 10:43am
And the EU trades beautifully on the one minute charts with its low spread. It provides plenty of PA even on a day like today.
  • #1,971
  • Jun 15, 2009 10:45am Jun 15, 2009 10:45am
Quoting gillybabe
Edge. I am really sorry to be dim, but what exactly is the FT indi pls?
This is what I call the 'FT' indi.
Attached File(s)
File Type: mq4 Forex Trend fxfariz.mq4   3 KB | 628 downloads
  • #1,972
  • Jun 15, 2009 10:45am Jun 15, 2009 10:45am
Hi guys,
Well, it was great for Monday and for me. I banks 58 pips. I had a few
impatient entries which cost 30 pips total but got on track. Got more
patience and began to see how the 1 m works with the 5 min. It is exciting for me because I could never really 'see' how they worked together.

I have begun to read the previous pages..will get to that now. Looks like
success is abounding.

thanks thanks thanks thanks

trademeister
  • #1,973
  • Jun 15, 2009 10:49am Jun 15, 2009 10:49am
Quoting flyingdawg
Digitalis, I have been trying to succeed as a forex trader for 4 years and I had always heard over and over to stay away from the 1 min chart, that it is nothing but noise, so I did until the past few months. I stumbled across the Trend Magic indicator a couple of months ago and for some reason tried it on the 1 min charts, along with other timeframes. I, like you, just don't have the patience to stare at charts for hours with no action. It makes me do stupid things that cost me money. Based on intense study over the past 2 or 3 months, I am soundly...
Agreed, I stand corrected and appreciate the clarification. It is indeed possible to trade the 1m profitably. Yet another choice for traders to explore.

As a predominantly Renko trader, I will confess that TF's have no bearing on how I trade as I simply follow PA.

Good point though 'Dawg'.

Regards.
  • #1,974
  • Jun 15, 2009 10:57am Jun 15, 2009 10:57am
Thanks Edge
  • #1,975
  • Jun 15, 2009 10:58am Jun 15, 2009 10:58am
Wow! Swingman made a dashboard out of this? And, he calls Anne Magic Girl!!! That she is. So, now Tudor Girl, you have been given a new nickname of MAGIC Girl!
Quoting crashout
Yes, what are the FT indis ?

Edit : for info, a guy made a dashboard : http://www.forexfactory.com/showthread.php?t=175994
  • #1,976
  • Jun 15, 2009 10:59am Jun 15, 2009 10:59am
Hello flyingdawg,

i just wanted to pm you but you have turned off your PMing. Please turn it on.

thanks,
tex



Quoting flyingdawg
Digitalis, I have been trying to succeed as a forex trader for 4 years and I had always heard over and over to stay away from the 1 min chart, that it is nothing but noise, so I did until the past few months. I stumbled across the Trend Magic indicator a couple of months ago and for some reason tried it on the 1 min charts, along with other timeframes. I, like you, just don't have the patience to stare at charts for hours with no action. It makes me do stupid things that cost me money. Based on intense study over the past 2 or 3 months, I am soundly...
  • #1,977
  • Jun 15, 2009 11:00am Jun 15, 2009 11:00am
Quoting paradoxical
Wow! Swingman made a dashboard out of this? And, he calls Anne Magic Girl!!! That she is. So, now Tudor Girl, you have been given a new nickname of MAGIC Girl!
Ohhhh... That is so sweet!! Thanks Swingman and all you guys....

MG
  • #1,978
  • Jun 15, 2009 11:01am Jun 15, 2009 11:01am
+218 for the day, and I am beat. Started trading at the market open last night.

Edge, thank you for reminding me of the simplicity of range and renko bars - made all the difference.

Good trading all.
  • #1,979
  • Jun 15, 2009 11:03am Jun 15, 2009 11:03am
Quoting flyingdawg
...Trade long when its blue, short when it's red. Pick from the many acceptable indicators available to time your entry ... So at least give the 1 min charts a try on demo and see if it works for you like it does for me.
I have to strongly agree with you , my friend. I, too, am working the 1 min charts with great success now, due largely to TrendMagic and Anne's additions. I couldn't thank them enough if I were to ever meet them.

Ed in Columbus, OH
  • #1,980
  • Jun 15, 2009 11:15am Jun 15, 2009 11:15am
EDGETRADER I have setup my Tradestation charts as You have stated I am testing the strategy manually plus I will be running the Basic Momentum Strat in the background just to see how she runs stand along. I was wondering as I just got tradestation last week, the strategy is still asking me to confirm the orders. I am trying to get it to fill immediately based off the momentum strategys without confirmation. Any help on turning the confirmation off and autofill on?

Thanks
Jon
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