EUR/GBP Trendmagic System

LOL ok, I always thought of them as TGS or TGM, thanks.

On my semaphor indicator there are 3 numbers: 5, 23 and 35 .. do you just use 0 for the first 2 and only leave the 35 one?

No, I do not trade the 1m at all.

Value is 40 if trading with the TGSF or 18 if trading with the TM (set at 10/20).

Thx

4x:
Yes; that's what I do and I like the cirlce it makes with a hole in it so I can see the end of the wick.

I use the #4x 3 Semafor Alert indicator. Since it repaints it always looks perfect in hindsight.

steve

Hi folks:
Been following the thread from it's start. I was wondering is anyone just using the single time frame Tudorgirl indicator and the TM like it was originally suggested by Paulus and then the first updates by Tudorgirl. I'm really curious as to what Paulus thinks of all the updates, or is the original ok?

Thanks
Jim

To start the day i jus when short gbp/jyp at 158.80 for a nice +77pips..jus by following the system..thanks paulus and TG.

Oops, sorry folks, just noticed the updated 1st post.

Jim

Nice chart setup Steve...

Just like mine.... trading on 15M charts, got just one loser today... Caught some nice moves....

ATM on a short AUD/USD entered on the pullback.... let's wait for the RBA Minutes and see the PA... already locked some profit.

Cheers!

Have been trading 3-4 pairs at a time, based on entering as soon as I'm able after confirmation of the same colors on the Trend Magic and TG Velocity indicator, and taking profit on the group when I feel like it. Just made over 100 pips on 4 pairs, and could have been three times that had I stayed in the EUR/JPY short and not somehow made a mistake of going long on the AUD/USD instead of short as per what the chart shows. From everything I have seen up to now (and it's too short a time to have any definite confirmation), a great way to trade is what NOTCH observed, which is to trade when the Trend Magic and Vorticity indicator match up in color. Simple as Red Light, Green Light. It could be that we are in one of those zones where this works, but won't next week, next month, or next year. I don't know. Maybe some PRO traders can chime in on this. As for right now, this is, by far, the simplest, and most profitable trading system I have ever come across, bar none!!

Paradoxical i beg to second that..you said it " simple and profitable"..lets all stay focus and make some money and when we do,lets help as much as we can.

is it "FT" indicator is repaint??

Hi Guys..

This is just a moving average indicator..nothing magical about it.

I have been thinking of a different way of reentering the trend.

Let's say that I want to trade real bad, I have the trading monkey on my back begging to be fed. I look, and the TM has been red all the way across the screen, and the HG MTF is solid red on the 5 min TF, 15 & 30 the same. I want REAL BAD (i gotta have it , man) to enter the current long long trend, but I know that Murphy's law is being strictly enforced on the Forex, and I will enter short on a swing long.

I think I will try: (this is example for getting into SHORT TRADE TREND)
(this is a standard entry technique)


1. Wait until TM is breeched from below on the 5 min TF. (Hasn't changed color) I ask myself, will it continue up? hence color change? or is it a brief retrace? Hmm

2. I then go to 1 min chart, and find the recent swing low on 1 min chart.

3. Set up a sell/stop order a few PIPs below this swing low.

4. Watch the price movement as it continues to breech the TM on the 5, keep the other eye on the 1 min, and a third eye on the five minute HG and TM colors.

5. As the one minute continues to move against the trend, I will "trail" the opening price along with it, following the low price on each one minute candle. (allow a few pips below candle low for wiggle room).

6. When the retrace is over, Price will re-cross the TM (here kitty, kitty) and fall right into the loving arms of my entry.

7. Then manage the trade on the 5 min TF according to your own plan.

(for up-trend, of course you do just the opposite)

ADVANTAGES: This should get you into a long trend very close or right at the TM, and with the right color.

You can also trail you stoploss along with it, meaning you have plenty of time to think about entry/S/L / TP

If the color changes on the TM or the HG MTF before entry happens, you just cancel the order, and stand aside (sometimes the best trades are the ones you DON'T TAKE)

As you trail the price up, you get to reclaim those PIPS (assuming that the price does actually re-trace) and claim them as profit, rather than spending lots of time in negative territory with a market order.

MAYBE THE MOST IMPORTANT ADVANTAGE== IT MAKES YOU PLAN YOUR TRADE INSTEAD OF MAKING IMPULSE MOVES. YOU HAVE TIME TO SIT THERE AND THINK ABOUT IT


DISADVANTAGES: This doesn't give you much "wiggle room" between entry and current price. Increased volatility, or a random bounce in price movement might very well open your trade early, costing you a few PIPS and causing the collapse of the entire global economy.

One other trader, I don't remember who (Edge maybe) mentioned something similar to this very early in the thread.

I am not claiming to have invented this, this is a common trading technique that I am sure every pro trader on this tread often does in one form or another. I HATE MARKET ORDERS ... THEY HAVE BEEN MY DOWNFALL IN THE PAST.

Is anyone else doing something similar to this?

Are there other disadvantages that I (not a rookie, not a pro) have not thought of?

My main concern is whether this is can be done on such a short time frame.

I will take a stab tomorrow (if I have time to trade, that is,) and either post good results, or bitch about the bad ones.

I will use this only to RE-ENTER, but otherwise will follow brother Paulus' method to the letter. (PS pretty good day, 23 pip profit on my mini) 6 trades, 4 wins 2 losses with Paulu's system only. (left a lot of money on the table though)

Thnx for oppertunity to participate, not trying to change a great system. Shakey

einstien's definition of insanity: Trying the same thing in the same way with the same method, and expecting different results.

+36 pips profit on 3 trades with EU, today in about 1 hour...trading very similar to Shakey's post

That'll be me then Jim. All I'm using is TM, Single Time Frame HG indicator and Multi-Time Frame HG indicator. It's working fine and making good pips.

The exit is the tough part, figuring how to maximise the pips and that's why, as usual, all these extra indicators start appearing, despite the plea from Paulus to keep this thread clean from them... But you can't curb enthusiasm I suppose!

Will be interested to see the results, sounds a very sensible method.

I'm still thinking about ways to maximise pips from a trade. Coming to the conclusion the best way might be, as I think Edge suggested in a throw-away comment, to just use the current TM as the stop loss, maybe +- the spread of the pair traded. I'll be checking that out today and will report results.

Ozziedave what are you talking about??

Just a reminder there is red-flag GBP NEWS scheduled for 08.30 GMT today, EUR at 09.00 GMT and USD at 12.30. There are other medium impact times too so worth checking the calendar.

Thanks for the update Digitalis.I will be keeping a eye on that Eur at 09.00GMT..i am still holding a long position..currently up+22.

Hi Everyone

Perhaps today is my lucky day! Attached details of my +52 pips. I had to close the EU manually as I have a meeting at work soon, otherwise I might have made a bit more. But anyway, I met my target of 50 pips on 3 trades, all winners, no losers.

Annie