EUR/GBP Trendmagic System

Hi Mate
This is a very good reply to the thread what we all try to achieve, congrats.

Plenty more pips to all

John from Durban

TG mentioned the best time frame to trade is 11.x mins?

What rules of entry/exit did they follow?

It does not seem to matter which indi combination you use or which TF you use.

You will need to be careful on the 1M for obvious reasoning. I was only able to concentrate on the Eur/Usd on the 1m this morning. Lots more work, a few missed trades and added Heiken Ashi to help me keep my trend perspective. Not a recommendation, just what I felt was needed to help me trade a 1m chart.

I still think the 5m is very productive and I like watching the 4 pairs I trade with my chosen setup. Have highlighted to +10 moves that I think would have beed good setups. Already would have been at +90 in the 4 pairs.

Eur/Usd v. Usd/ Chf is a no brainer due to the 180 degree inverse relationship during normal market hours here in the states. Almost like getting a 2 for 1 deal. Aud/Usd moves in sympathy with Eur/Usd and seems to lag the pair a bit. Gbp/Usd is good just for it built in volatility qualaties.

So, trade anything that you like as you have multiple options. I still thing the 'primer and trigger' philosophy will serve well not matter what, along with the 1-2% account increase daily as opposed to shooting for higher pip counts.

Seems as though everyone is finding their own style here. Good stuff.

Regards.

Yeah good question fxvictory ! Maybe i can ask the same question to you ! Why you have posted the same post on 10 different thread ? Maybe you trade with 10 system at the same time ! lol
What s the point here sir ?
Luk

FXVICTORY is a spammer. He just posted 12 times in the last few minutes trying to peddle himself. He is not trading this system.

I thought as much, cos I just left a thread now only to meet him here again posting same thing.

what are you up to fxvictory?

kos

[quote=Edgetrader;2807094]It does not seem to matter which indi combination you use or which TF you use.

You will need to be careful on the 1M for obvious reasoning. I was only able to concentrate on the Eur/Usd on the 1m this morning. Lots more work, a few missed trades and added Heiken Ashi to help me keep my trend perspective. Not a recommendation, just what I felt was needed to help me trade a 1m chart.

I still think the 5m is very productive and I like watching the 4 pairs I trade with my chosen setup. Have highlighted to +10 moves that I think would have beed good setups. Already would have been at +90 in the 4 pairs.

1m tf is to fast for my slow brain..

Hi all,

Normally I am not able to trade london session. But after seeing the success of this system I finally decided to take a day off and try this system. Today lots of pips were to be made but I was not able to enter according to the system. I request paulous and all experienced traders to please decide upon a lateral entry system.

Chart attached is for G/U. Thanks

Nto too bad overall today, 4 taken trades and 2 missed. Up 20+ for the day. I am not sure if I will tweak the rules using TG's indicator or just use the originals as posted at the begining. Also I am trying to learn to keep unemotional as trades retrace before heading back towards profit. Right now I am using a hard exit of 10-15 pips depending on the pair and time of day. I look forward to more ideas on trading with the indicators Tg and Paulus provided us. I may even start looking at the 15 or 30min time frames.

EUR/JPY 1 S 133.948 133.848 10 1.04 0.00 6/16/2009 11:30 6/16/2009 11:44
EUR/GBP 1 B 0.84519 0.84358 -16.1 -2.65 0.00 6/16/2009 11:00 6/16/2009 11:27
USD/JPY 1 S 96.593 96.493 10 1.04 0.00 6/16/2009 10:35 6/16/2009 11:20
GBP/JPY 1 S 158.638 158.538 10 1.04 0.00 6/16/2009 10:01 6/16/2009 10:35
EUR/JPY 1 S 134.408 134.268 14 1.45 0.00 6/16/2009 09:35 6/16/2009 10:01

Hi guys,

well, today I managed to wipe out my gains from yesterday.

I really don'y know what I missed on GBPJYP a few minutes ago.
Everything seemed to line up but trade went the other way. Any ideas??
thanks

Hi Trademeister,

All I can see is that there is a Daily Support line just below where you entered the trade which the PA bounced off. Seems to be going south again. Maybe you need to give the trade a little more breathing space.

HTH

Nick

Agreed, the 'beast' has not been in a giving mood today. Other pairs are a bit more generous in the 10 - 20 pips range.

Hi Lohad

Sorry for the delay - I had to WORK today :-(

I would be very pleased to see your M1 thoughts to add to the melting pot!

Thanks, TG.

Hey - thanks for finding that! I had missed that one!!

Anne

Had a few pvts... Im alive !! but wont post until I have some thing to bring to the table most people are ok with the set up and method and adapt to how they want to trade.

p

I did good in the GY today, shorting at the pullbacks and following the system instead of trying to run off into left field by myself (!) which is my usual problem.

Missed the EU .. tomorrow I will try to remember to keep watching all the charts for good setups, also the EUR/GBP was a good short (if a bit bouncy) with this system.

This is a great system .. so simple to just sit down, focus for a bit and grab some pips. To keep me from waiting to long to collect profit, I keep telling myself "beggars can't be choosers" meaning until I have a million $ account, I need to focus on getting what I can when I can .. and not tryint to hold out for more.. which is my other great failing.

Hey TG, I have done some searching for info on EX4 files and how to make them .. it looks like one writes the code as MQ4 and then somehow compiles it into EX4? Do you know any sources to learn more about making the EX4 files?

Hi,
I am wondering if any programmer here could write a simple script to execute trades.
i.e. A script that when you execute on the chart, it will place an order, with your pre-defined SL and TP, also an option to execute multiple orders at the same time, one with pre-defined TP and another with TS...

Thanks in advance.
KP

With all due respect to Paul and Anne, I am operating under the premise that we are trying to get a simplified trading plan set forth based upon the indi's provided by Paul and Anne.

As with all indi's, there are times where they simply cannot seem to miss, while there are others times that it seems nothing more an excercise in futility to even give them a go. It all depends on PA for the given time you are trading.

At times, the PA will exhibit trending qualities, at times the PA will appear to oscillate in a range and at times it will simply consolidate and frustrate any and all level of traders.

Having looked at pretty much every viable tool (indi, TF etc.) in this plan, it is my own humble opinion that the 5M is the single best TF for traders to explore here. It offers both new and experienced traders alike the opportunity to garnish a decent profit virtually daily. Yes, you need to observe more than one pair in order to ascertain appropriate PA to trade the plan, however, there are plenty of pairs to choose from and at least a couple will be performing adequately each day.

Yeah, I know I keep tossing those damn 10 / 20 pips little slices of pie at you, and am sure you are getting a bit tired of seeing them. In a way, that is a good thing. If you look at them and they BORE you, part of the battle is won as trading should be boring. Plenty of other things in your lives should offer excitement, trading and trying to derive income from such does not and should not be a virtual trip to Las Vegas or Atlantic City for you.

As shown, the charts from my MT4 are not consistent with those you have on your screen. Yep, both the TM and TGSF, TGMTF and Vorticity are not present.

Why is this fool not sticking to the thread as intended?

Because, the TM (as good as it is) can be augmented with another indicator easily available in your tool box. Many traders are trying to use the TM as a SL barrier which I believe will hinder your trading. The TM will change color 99% of the time that PA moves above and below a 14 MA (linear weighted / weighted close). Further, the TM is offset from PA a considerable distance at times, making PA have to retrace quite a bit in order to hit that line in the TM. This is money out of your pocket if using the TM as a SL barrier.

Now, both Paul and Anne know me well enough to know I am not bashing either one of them in any manner. I am simply putting forth a few discoveries here that may improve your trading efforts. Paul will do what he likes anyway, however, Anne is trying to learn to trade both profitably and consistently, the same as many others. This actually may help so I feel legitimized in at least presenting it.

As for the TGSF, TGMTF and Vorticity indis. They ALL have pros and cons. The higher the TF used the better they seemingly perform. The problem with that is in how much money a trader has to commit to this plan. Anything above the 15M requires at least 10k in the account. That is if you are going to actually trade for a living. Dimes and $1 per pip are wasted on higher TF's as it just is not worth your while to trade at those levels.

The 5M however is well suited to trading those levels. As a beginner, it is easy to get comfortable trading $1-2 per pip at the 5M level as this plan will provide several trading opportunities daily. Experienced trader also can benefit by trading 1 or 2 standard lots and this plan has shown a tendency to make those efforts lucrative. ESPECIALLY AT THE 10-20 PIP TP LEVEL. Further, a candle close in the opposite direction as you are trading, above or below the MA, is a much better gage of the trade as the MA is much closer to the actual PA and is a natual SL area for consideration. It is easy enough to hold onto a trade for a few pips here.

Lets look at the FT indi a bit closer. As you know, I preach a method that requires only two things, a 'primer' and a 'trigger'. The 14MA and FT (set at 18) provide just that. Further, you are able to run a clean chart and simply take setups as they appear.

Once again, 'The PA crossing the MA is your PRIMER, the accompanying color change in the FT is your trigger'. Trading 101 stuff and lucrative at that. The same as if TM turns color and TGSF concurs. This just happens a bit quicker is all.

So, what now? Well, as the sole intent of any thread is to create a strategy anyone can trade, and keep it simple to boot, I am planning on spending the balance of this week taking 5M trades during my normal trading session and continuing to post such. In the spirit of exploration and analysis, instead of just flaming me, why not simply take my entries and exits and compare them to your own based on the trades on a 5M you are making.

Lets find out where we actually stand after a few days. I have no problem at all looking at any trades you are making to see if I can gleen something from them that I can augment my own strategy with. I am hoping that my meager efforts here will allow you the same opportunity.

Again, this is for the trader working the original 5M TF. I have already posted some 1M trading and I have seen in the postings how several individuals are working that angle. I too am intrigued by the potential of the 1M, but am more inclined to be very adept at the 5M before revving the motor up. Just my own feeling there.

Regards.