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EUR/GBP Trendmagic System

  • #2,061
  • Jun 16, 2009 4:48am Jun 16, 2009 4:48am
Quoting hakim314
I know it was already discussed, but I would be grateful for this answer. Maybe it will help anybody else.
Yes, I already read the thread

Pls look at the screen shots.
Thank You
Greg

Yesterday - +86 pips on EUR/YEN
Today - +72 and still pending

Pls tell me is my approach is proper / safe / secured ?
Hey Greg, good going but i would wait until the bar close above the TM.
  • #2,062
  • Jun 16, 2009 5:39am Jun 16, 2009 5:39am
Hi:
Took a sucker punch when I used the 1m vorticity indicator color change back to long to enter Eu. The 5m vorticity was long but turned to short on next candle;

This frustrated me. I couldn't believe it could happen that fast...the trade was over as soon as I entered. When price closed below the TM it was over for a second signal to exit.

I held waiting for it to turn and finally closed for -28. My two actions to hold were dumb and dumber.

Felt it would go back up, and it did, but feelings mean nothing in forex. Only can trade what I see.

Could it be the 1m reentry is not for me? If I only can wait for a 5m HG_001a indy to turn red, then back to blue I win most of the time.

I admire those who win almost every time on the 1m. Please teach me as I like to trade more. However, as I learn to be more patient its ok to stick to the 5m.

Comments appreciated.

Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6.16 eu loss.gif Size: 59 KB
Click to Enlarge Name: 6.16 eu loss 5m.gif Size: 64 KB
  • #2,063
  • Jun 16, 2009 5:44am Jun 16, 2009 5:44am
Quote
What i've seen till now for scalping, i watch at the 5 min for the short term trend en trade with the 1 min. If 5 mins is long, i only go long on the 1 min chart, and with short olso.. I just follow the system, simple as that.

Thierry: How do you determine the 5m trend for reentering on 1m?

Thanks,
Steve
  • #2,064
  • Jun 16, 2009 5:51am Jun 16, 2009 5:51am
Quoting stevewide
Thierry: How do you determine the 5m trend for reentering on 1m?

Thanks,
Steve
Steve,

When all indicators on 5 min are red i only go short, i look at the 1 min chart for a good entry. The same with blue, is only go long when 5 min is blue on all indicators and took the 1 min chart to look for a entry.

So when the 1 min is red but the 5 min is blue, i wait. When 1 min will be blue i go in. The same for short. if 5 is red en 1 return from blue to red i go short.

That is my strategy at the moment. I test this on demo for a while because i can not look the whole day to the chart now.


Ps my english is not my first language.
  • #2,065
  • Jun 16, 2009 5:51am Jun 16, 2009 5:51am
Is second vertical line at a correct 1m reentry. The 5m is long HG, vorticity and HG MTF.

Thanks for any help you might offer.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: 6.16 eu question 1m.gif Size: 60 KB
  • #2,066
  • Jun 16, 2009 5:53am Jun 16, 2009 5:53am
On the 5 min chart you see blue indicators but the tm is flat and price is under the tm. I think it is the best to wait now, for a clear entry.
  • #2,067
  • Jun 16, 2009 6:16am Jun 16, 2009 6:16am
Thanks Thierry!
  • #2,068
  • Jun 16, 2009 6:24am Jun 16, 2009 6:24am
Quoting hakim314
I know it was already discussed, but I would be grateful for this answer. Maybe it will help anybody else.
Yes, I already read the thread

Pls look at the screen shots.
Thank You
Greg

Yesterday - +86 pips on EUR/YEN
Today - +72 and still pending

Pls tell me is my approach is proper / safe / secured ?
First of all in FX world nothing is safe or secure. Market moves based on demand and supply. So if the indicator is showing all read there is high probability that the market is moving down but it may end at eny time.
First of all you have to remember the golden rule there is no system out there that wins 100% of the time. you have to accept some losers. But to come back to your question on the print screen - based on the picture I would say that if you took the trade it was nice winner but I would not have take the trade. I think it is much "safer" trade than more the same colors you have line up. I would have waited at least for confirmation from higher TF to enter a trade. But like I said in the beginning of my post there is nothing sertantn in the FX world ecpecialy when trading out of small TF.

Regards

Kristjan
  • #2,069
  • Jun 16, 2009 6:48am Jun 16, 2009 6:48am
Quoting stevewide
Hi:
Took a sucker punch when I used the 1m vorticity indicator color change back to long to enter Eu. The 5m vorticity was long but turned to short on next candle;

This frustrated me. I couldn't believe it could happen that fast...the trade was over as soon as I entered. When price closed below the TM it was over for a second signal to exit.

I held waiting for it to turn and finally closed for -28. My two actions to hold were dumb and dumber.

[....]
Guys

I would be very reluctant to use the Vorticity on the M1 chart. The Vorticity looks for "clusters of volatility" (like eddies in fluid) as they cascade down the timeframes. By the time you get to M1 almost all the volatility has been dissipated as spread. You may only have a TP of 5 pips and 3 pips of spread!

That, coupled with the repainting, which is sadly unavoidable, makes it too risky IMHO to use on the M1.

Anne
  • #2,070
  • Jun 16, 2009 6:52am Jun 16, 2009 6:52am
Thanks TudorGirl for that nuggest of knowledge. I may have to give up on 1m trading for now. also, perhaps its best to remove the 1m vorticity to avoid temptation.

Steve
  • #2,071
  • Jun 16, 2009 6:53am Jun 16, 2009 6:53am
TG,

I respectfully disagree with your last post.

Your indicator that you have so kindly shared is working REALLY well for me! And I trade primarily M1 charts (sometimes I dabble in 5 min charts, 10% of the time).

How I am utilizing this awesome indicator is different then how I am sure you intended it to be used, so therefore I have not posted my set up.

But your indi can AND HAS performed stellar on 1 Min charts..... at least for me it has.

Thanks you for sharing your knowledge. Your tools are helping more people then you realize!

Lohad
  • #2,072
  • Jun 16, 2009 7:17am Jun 16, 2009 7:17am
Quoting lohad
TG,

I respectfully disagree with your last post.

Your indicator that you have so kindly shared is working REALLY well for me! And I trade primarily M1 charts (sometimes I dabble in 5 min charts, 10% of the time).

How I am utilizing this awesome indicator is different then how I am sure you intended it to be used, so therefore I have not posted my set up.

But your indi can AND HAS performed stellar on 1 Min charts..... at least for me it has.

Thanks you for sharing your knowledge. Your tools are helping more people then you realize!

Lohad...

Maybe You would be so kind to show us how to use it properly?


*Maybe someone would make some chat (I have no idea how to create one) where all trend magic traders would talk about their trades?*
  • #2,073
  • Jun 16, 2009 7:49am Jun 16, 2009 7:49am
Quoting Digitalis
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!
Thanks for the reply digi, I respect Paulus a ton and like his common sense, keep things simple approach. Been demoing different pairs, all on 5 min TF. Do you mind saying which pairs have been profitable for you. As far as exits go, I've been looking at ATR, and working with different percentages. Don't really consider it adding an indicator, just trying to figure out good exit. Thanks for your time.

Jim
  • #2,074
  • Jun 16, 2009 7:57am Jun 16, 2009 7:57am
Quoting gutek04
Maybe You would be so kind to show us how to use it properly?


*Maybe someone would make some chat (I have no idea how to create one) where all trend magic traders would talk about their trades?*
If any of you have read my stuff, you will know that I have no problems of sharing my findings or trading methods.

However out of respect for Paulus and Tudor Girl, I will not hi-jack this thread and muck it up with how I am trading these indicators. You guys have worked very hard at keeping this thread clean and I respect that.

I merely responded to TG to let her know that her indicator can and does work well on M1 charts. There is just more then one way to skin a cat.

I will post what I am doing at another place. Which I will not advertise here because I do not believe in sniping other peoples threads.

I am sure you can all understand that.

Lohad
  • #2,075
  • Jun 16, 2009 8:44am Jun 16, 2009 8:44am
Quoting lohad
TG,

I respectfully disagree with your last post.

Your indicator that you have so kindly shared is working REALLY well for me! And I trade primarily M1 charts (sometimes I dabble in 5 min charts, 10% of the time).

How I am utilizing this awesome indicator is different then how I am sure you intended it to be used, so therefore I have not posted my set up.

But your indi can AND HAS performed stellar on 1 Min charts..... at least for me it has.

Thanks you for sharing your knowledge. Your tools are helping more people then you realize!...
Hi Lohad

That is just great news! I am glad you like it and are doing well. As you know, different people are looking at different TFs to see how best to apply the system.

Perhaps you will become the threads "M1 guru" and help educate those of us who are scared of the M1!

Thanks again,

Anne
  • #2,076
  • Jun 16, 2009 8:49am Jun 16, 2009 8:49am
Quoting lohad
However out of respect for Paulus and Tudor Girl, I will not hi-jack this thread and muck it up with how I am trading these indicators. You guys have worked very hard at keeping this thread clean and I respect that.
I don't thiink any new ideas as to how to use these indicators would be considered 'hijacking the thread'. We are all here to share what we have learned about using them .. that is how the whole 1 minute chart thing got started.

So we eagerly await your information as to how you use the Voracity on 1 min.
******************* I'd rather make money than be right.
  • #2,077
  • Jun 16, 2009 9:19am Jun 16, 2009 9:19am
TG,

I looked to see if I could PM you but I was not able to. I was wondering if you wanted me to have you review what I was doing before I put on here. The only reason I ask is because, I know the method is fairly different then the Trend Magic system. In fact I do not have Trend Magic on my charts. It definitely could be used, I just use something different. Basically I use the Verosity indi and the HG MTF indi. But I also use the HG MTF indi different as well.

I have no problem putting this on here. In fact I am eager to show this to all the sets of eyes here to see if there are other twists that can applied to it. I just fear that it could lead to another tangent on your thread. But if you still want me to show on here, I appreciate the opportunity! I do have to step out for the day, but I could put on here later today ( Wisconsin here).

Regards,

Lohad
  • #2,078
  • Jun 16, 2009 9:47am Jun 16, 2009 9:47am
Quoting TudorGirl
Hi John

No, I will not post source. You must allow a girl a few secrets....

The reason is the same as for the EA I described in earlier posts. I have put many hours of effort (perhaps hundreds) into generic EA and generic indicator skeletons that enable me to drop in almost any conceivable trading ideas literally in minutes (seconds sometimes).

The code modules conditionally compile, so stuff that is not wanted is not included in the final ex4, but all the routines are visible in the source whether included or not. A lot of it contains some...
Hi Anne
Thanks for all your efforts and inputs. I only discovered this thread and reading all the episodes.
Your firmness only stress a point, you know what you want out of life.
I am married to a Anna for 45 years and hey there is something in the name.
I like reading and learning but at my age it takes longer to understand all the intro points.
So from Durban, South Africa - keep it going, I am on a mini account and we are getting there

Many pips to all

John from Durban
  • #2,079
  • Jun 16, 2009 10:18am Jun 16, 2009 10:18am
HI TG,

I came across this article and thought of your indicator?....
http://www.geocities.com/CapeCanaver.../dowjones.html
  • #2,080
  • Jun 16, 2009 10:25am Jun 16, 2009 10:25am
Quoting s050399b
HI TG,

I came across this article and thought of your indicator?....
http://www.geocities.com/CapeCanaver.../dowjones.html
dam dont understand any single word.....
Patience is the keyword here...
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