EUR/GBP Trendmagic System | Page 112 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

TrendMagic Channel 2 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Pair selection when using Trendmagic System 0 replies

Attachments: EUR/GBP Trendmagic System
Exit Attachments

EUR/GBP Trendmagic System

  • #2,221
  • Edited 9:13am Jun 17, 2009 8:54am | Edited 9:13am
cool, let me know what you think.

here's the chart.


Quoting 4xStar
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.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 41 KB
  • #2,222
  • Jun 17, 2009 8:54am Jun 17, 2009 8:54am
gerry there was a version posted that had been modified to remove the alerts i think.
I know what you mean, drives you nuts! But is also handy.
  • #2,223
  • Jun 17, 2009 8:54am Jun 17, 2009 8:54am
To support Edge's method of taking smaller profits, after the EU gave up 40 pips in one move post-news, it has now given up four easy 10 pip profits just following Edge's strategy. That often happens after a big move as the market consolidates but still moves enough to be profitable with this system.
  • #2,224
  • Jun 17, 2009 8:55am Jun 17, 2009 8:55am
Quoting Jfx
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...
Hi, agree with you in terms of timing of entry, esp if you are scalping. Btw, where can we find the kaufman bands indicator, have never come across it, tho' I'm familiar with the waddah attar.

Regards
Pardy
  • #2,225
  • Jun 17, 2009 8:56am Jun 17, 2009 8:56am
I have started using Edge's 14 moving average and the TF indicator also with tudor girl's multi time frame to verify the trend. If you are scalping this does get you in the trade much sooner.
  • #2,226
  • Jun 17, 2009 8:59am Jun 17, 2009 8:59am
Quoting gerry berard
I have started using Edge's 14 moving average and the TF indicator also with tudor girl's multi time frame to verify the trend. If you are scalping this does get you in the trade much sooner.
Also try the T3 indicator, it follows the 14 sma but is smoother and I like it better for confirmation.
******************* I'd rather make money than be right.
  • #2,227
  • Jun 17, 2009 8:59am Jun 17, 2009 8:59am
eye candy
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
Patience is the keyword here...
  • #2,228
  • Jun 17, 2009 8:59am Jun 17, 2009 8:59am
I guess it depends on how you like to trade.
  • #2,229
  • Jun 17, 2009 9:00am Jun 17, 2009 9:00am
Where do I get the t3 INDICATOR????
  • #2,230
  • Jun 17, 2009 9:03am Jun 17, 2009 9:03am
Quoting Edgetrader
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...
Once again, thanks EdgeTrader. Love the simplicity and good strike rate for scalping. I'm using CRB bars ( 3 pips), with your recommended setup, altho' still not comfortable fully with fxtrend yet, so am using an alternate. Guess as I get more used to this setup, I can clear my charts!!

Running the setup thru a trade simulator to get some more practice in, but definitely can see the merit of taking quick profits when the signals are there. 5-10 pip moves are there all day long!

Warm regards
Pardy
  • #2,231
  • Jun 17, 2009 9:03am Jun 17, 2009 9:03am
i would be interested in knowing more about the Kaufman Bands Indicator, anything that helps me get into a trade earlier? Searched the site but cant find anything?
  • #2,232
  • Jun 17, 2009 9:05am Jun 17, 2009 9:05am
I changed the color and dot size in the one I'm using. Pretty easy to do. I find that for scalping, the 15M chart gives the most accurate reading.

Quoting Pardy
Hi, agree with you in terms of timing of entry, esp if you are scalping. Btw, where can we find the kaufman bands indicator, have never come across it, tho' I'm familiar with the waddah attar.

Regards
Pardy
Attached File(s)
File Type: mq4 Kaufman_Bands.mq4   4 KB | 793 downloads
  • #2,233
  • Jun 17, 2009 9:06am Jun 17, 2009 9:06am
Quoting Edgetrader
AUD/USD lead the pack here. A bit unusual as it normally lags. Still, a good setup and will see if others follow.
Hello Edge,
could you change the background colour of your charts to white or grey. Its difficult so see anything with the black background.
Good trading
  • #2,234
  • Jun 17, 2009 9:12am Jun 17, 2009 9:12am
Quoting gerry berard
Where do I get the t3 INDICATOR????
just type T3 into seach box on this site
******************* I'd rather make money than be right.
  • #2,235
  • Jun 17, 2009 9:16am Jun 17, 2009 9:16am
do you use the default settings for these 2 indicators? If not maybe post you settings?
  • #2,236
  • Jun 17, 2009 9:18am Jun 17, 2009 9:18am
Affandiz, this and your previous posts seem to be off-topic. Don't see how they add to this thread. (One TG Indi on otherwise irrelevant charts with no associated comments relevant to the thread's purpose - the Paulus/TG System - doesn't count. )

Have I missed something? What's your purpose in posting?

Quoting affandiz
eye candy
  • #2,237
  • Jun 17, 2009 9:21am Jun 17, 2009 9:21am
Use the default settings. I just changed the color settings on mine so it was easier to see.
We shouldn't clog up the thread. If you have any other questions about setting it up, you can PM me.

cheers!

p.s. let me know how it works for you!

Quoting iansr1
do you use the default settings for these 2 indicators? If not maybe post you settings?
  • #2,238
  • Jun 17, 2009 9:40am Jun 17, 2009 9:40am
Went back to Paul original system as I would rather get in a definite trend than guess if I am going in the right direction. Seems safer for my small pot of gold.
  • #2,239
  • Jun 17, 2009 9:59am Jun 17, 2009 9:59am
I started a separate thread to post the indicators and template I'm using.
You can DL them here if you like.

http://www.forexfactory.com/showthre...91#post2809791

I hope Paulus and TG stop by, I am very inspired by all the hard work you and everyone else here has been doing, and see this as an extension of it, but since it's a bit different I realize it doesn't belong on this thread.

Cheers!
  • #2,240
  • Jun 17, 2009 10:02am Jun 17, 2009 10:02am
Have been lurching Forex Factory for months before posting and have realised that all indicators will lag. If that is so, Paul system is the best as it tends to get us in an already trending market. A no brainer as I see it. As Paul stated get in and enjoy the ride. Thanks again Paul
1 trader viewing now