EUR/GBP Trendmagic System

Sorry, here is full screen ts to match MT4 efforts.

Good post !!!!!!!!!

Have ALWAYS gone after the sure thing as opposed to the what if!!!

Now, as soon as one of you fine folks can post that crystal ball indi able to accurately tell just the nest 2 minutes of PA.......

Now then we will have a huge breakthrough.

Regards.

Another quick set of 10's. Relatively easy to get with this PA.

All pairs are in dominants trends, however, oscillation is deep enough on both sides of the PA to give each setup produced a go.

Regards.

A couple of days ago I encouraged people to try the 1 min charts because I had come to love them during the past few months. I mentioned that I did use some different indicators and some of you PMed me and asked for them and I said I would send them to you. Well, forget about them. I'm not going to send them. Just use Edgetrader's 14 moving average and the TF setup as he described. He uses it on the 5 min charts but after placing it side by side with my charts, I am convinced that it is the simplest method available to successfully trade the 1 min charts. His chart definitely makes my old chart look like a Picasso throw away. I do use TG's original Vorticity for help with exits and reentries. You can live with the repaint of the indicators once you study and understand them. I also have pivot points and 200 emas for the 1, 5, and 15 min timeframes on my 1 min chart because of how strongly those emas influence PA. That's it. Try it, I think you'll love it. Thanks Edge. If you are a lover of the Trend Magic, like I was, just place the 14 moving average, set as Edge suggests, over top of it and you will see why he uses it. 1 minute charts have so improved my trading and my life because I don't have to try to stay up all night here in the US to trade the London session. The US session gives plenty of action on that timeframe.

Trade it with some degree of discipline.>>>>>> i like this..

Did you put the indicators in the experts>>indicators folder? There are 2 indicators folders, they go in the one under experts.

I waited to trade after the US Core CPI news this morning. 40 pips on EU and 50 pips on GU, exits based solely on TF and Vorticity not changing colors and a profit target, and my day is done is less than 30 minutes. As TG has already posted, one trade of the GU after its news event earlier today could have given you an easy 50. The stuff posted here works people. Thanks to everyone who has contributed.

Thx and agree with the 1M with only one caveat from my own style.

You can indeed trade the 1M, I simply think that going after less pips on a per trade basis is suited to those of a conservative nature such as I am. Around +5 works for me. Is a hell of alot more difficult to monitor four (4) pairs so I stick with one or two. Just me though.

Am not inclined to use 200 MA's and the like, but then again I never have. Naturally, if such enables one to trade more confidently, then you would be foolish not to continue with such. No two traders will trade the same regardless of whether they use the same two indi's or otherwise.

Regards.

LONG : PA close about 14ma and "FT" is blue

but how to exit if unlucky the trend is against u

Can I ask what SL and TP You are using on TF1?

I think what we have here is about as close to a crystal ball as we're going to get .. and it is enough!

I totally agree with Edge that trying to manage 4 pairs on the 1 min chart is almost impossible. One or two is all I watch, primarily the EU and sometimes the GU. The yen crosses are just too inconsistent for me. When they are giving it up they are great, but then they die and chop for days on end. I do watch to see which currencies are stronger and use that in deciding which of those pairs to focus on. For example, overnight, the GU would have been the pair to be trading. My x-meter keeps me on top of the strength of each currency in relation to others and I do pay attention to that. Regarding going to 5 or 10 pip take profit targets, that absolutely is a good safe way of doing it and gives you plenty of profit. It's just a matter of choice and what the market is doing. Paulus, TG, and the Edge are my new favorite people. Thanks guys.

Hi Edge,

When price crosses the 14 are you looking for it to pull back to the 14 and enter on the bounce or do you just enter when prices crosses the 14. If so, do you wait for the candle to close when it crosses the 14?

On the 1 min, I use a disaster stop of 20 pips but virtually never allow that to be hit, only if a spike takes me out. I have been unable to develop a definitive TP method. First and foremost, a color change on the TF or Vorticity screams "get out." If I have had a strong move, I may get out as soon as PA drops below the 14 ma. And Lord knows if I get 40-50 pips, I will take it and smile all the way to the bank. I don't care what it does after that. Of course, consider what Edge does, 5 pips and you are out. That works very well and those pips add up fast. You are going to take some small losses on the 1 min timeframe, but SMALL is the key word. Whatever you do don't hang on to a losing trade. Take the small loss and move on and at the end of the day, you should be very happy.

AUD/USD lead the pack here. A bit unusual as it normally lags. Still, a good setup and will see if others follow.

I hope everyone and especially the new ones are noticing how much excellent advice about money management is given in here. A stellar system (like this one) is still only 1/2 the equation .. or maybe less. What separates a winner from a loser is the mm part .. and it is the part I still struggle with daily.
The above comment about only trading demo or for pennies after having cashed in your daily pips .. is excellent. Had I done that yesterday afternoon I would not have given back most of what I had made earlier!

And I do that all too often.

But .. I'm getting better every day .. and from now on I promise .. after the daily pips are safe in the account, the only trades will be in demo .. where I can experiment to my hearts content
Once my main account is well established, I plan to open a second micro account, put $100 in it and use it for whenever the 'gambling' urge hits .. 'cause that's what it is!

I've been following this thread and haven't posted before, so first wanted to say hi.

I know this is about trading the Trend Magic, and I've been analyzing the system for about a week. Unfortunately, I think it lags quite a bit, so people enter trades much later than the opportune moment.

I posted a jpeg to show what I discovered.

If you use the Kaufman Bands Indicator instead of the Trend Magic, it gives you a much more accurate entry and exit point for trades on the chart with the same type of visualization. I noticed the Trend Magic also tends to ignore many long and short rallies while displaying the larger overall trend.

The signal on the HG MTF has lag as well, it has some similarities to the Wadda Explosion, the difference is if you use the Waddah Attar Explosion indi, and enter the trade when the colors match the Kaufman Bands Indicator, you get into the trade at a much better point.

I entered the short trade in the chart today at arrow 1, and if I had used the HG MTF and HG I would have entered the trade at arrow 2. The down side of this is I would have been stopped out unless I set a quite high SL. (getting stopped out is always a greater possibility the later you enter a trade, and I believe it lowers the percentage of profitable trades using the current system)

I didn't have a copy of the other HG indicator handy so loaded up the MACD CCI for this example, but both of these are lagging indicators, so I wouldn't use either of them.

I really like the Vorticity Indicator!! It gives early confirmation of the Waddah and Kaufman by 1 or 2 bars for entry and exit.

I think this is the golden egg in the TG indicator set.

So, if I were going to trade this type of system, I would use the Vorticity, Waddah, and Kaufman.

I know Paulus has asked that we don't load up this thread with other indicators, so if anyone is interested in testing this themselves, you can find the Wadda and Kaufman by doing a search on the FF Forum. (or if Paulus says it's ok, I can post them here with my template)

I don't mean to sound contra-posed to the Trend Magic system and had some trepidation posting this. I sincerely mean no offense to anyone.

I felt it was important to show you this since we're all here to find better ways to make money, and I think once you back test this yourselves, you will see what I'm talking about. So, please try it first before you dismiss this idea out of hand.

Anyway, no system is perfect. Personally, I trade PA and volume, and use one or two indicators for confirmation, but I love playing with indis while I'm waiting to enter trades.


Good luck and trade well.

mmm, the jpeg didn't attach...

I agree the TM lags, but we are supposed to be using this system on already trending pairs .. so it is supposed to get you in more safely to a trend.
However lots of people have started scalping and going for smaller pips so a less lagging indicator should in theory be more useful.

I'll play around with the ones you suggested & see what happens.

Hi Edge. Is there any way way I can turn off the alert on the TF indicator?? It is driving me nuts.