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EUR/GBP Trendmagic System

  • #2,321
  • Jun 18, 2009 1:59am Jun 18, 2009 1:59am
It's 07.50 BST (GMT+1) in UK and I'm done for the day.

Yesterday I realised that I was getting bored and distracted during the day. Ended up 11 pips for the day and not too pleased with myself.

Decided to really focus today and also to follow Anne's example of going for 50 pips.

Good setups when I started at 07.00 BST.
I immediately made a mistake through my bleary eyes and opened a gbpusd trade instead of gbpjpy. So immediately closed for -5 pips.

Then had simultaneous long trades in gbpjpy, gbpusd, aususd.

Took 28, 25 and 8 pips respectively. Nett 56 pips in under an hour.

The last trade out was aususd and I was going to put a 25 trailing stop loss on it and leave it to run.

Then I realised that was just being greedy. I had made my target, why take the chance of missing it, just to try for more pips? Discipline is needed to trade!

Have a nice day all. I'll probably pop back online but I definitely won't be trading again today.
Full-time trader and loving it!
  • #2,322
  • Jun 18, 2009 2:19am Jun 18, 2009 2:19am
Nice work Digitalis stay discipline and you will be fine.
Quoting Digitalis
It's 07.50 BST (GMT+1) in UK and I'm done for the day.

Yesterday I realised that I was getting bored and distracted during the day. Ended up 11 pips for the day and not too pleased with myself.

Decided to really focus today and also to follow Anne's example of going for 50 pips.

Good setups when I started at 07.00 BST.
I immediately made a mistake through my bleary eyes and opened a gbpusd trade instead of gbpjpy. So immediately closed for -5 pips.

Then had simultaneous long trades in gbpjpy, gbpusd, aususd.
Took 28, 25 and 8 pips respectively....
  • #2,323
  • Jun 18, 2009 2:51am Jun 18, 2009 2:51am
Quoting Paulus
I know the 5min on the original system only gives 1 2 or 3 signals a day but the 1st signal after Asian close yest gave 120 pips

Cheers

paulus

But I thought you said that the 5 min was too noisy to be targeting 100 pips and that the PT should between 15-30 pips.
  • #2,324
  • Jun 18, 2009 3:05am Jun 18, 2009 3:05am
Quoting fxxx
SwingMan, thank you for improvement of John Ehlers' Fisher Transform formula!

here improved smFisherTransform3 and Solar Wind;

improved indicators changing color several bars earlier and react much faster than smFisherTransform3 and Solar Wind versions
: )
These "improvements" are just tweaks making the alpha coefficients smaller and smaller.

You could go on "improving" and "improving" - why not just make the alphas 0.000000001. You will get earlier and earlier indications until they are 180 degress out of phase with the price!!

Moral - be careful with digital filters!

Anne
  • #2,325
  • Jun 18, 2009 3:43am Jun 18, 2009 3:43am
Quoting notch
But I thought you said that the 5 min was too noisy to be targeting 100 pips and that the PT should between 15-30 pips.
Notch i personally like the 15 min better..Today +150 pip gbp/jyp..i need to take this and run to bed.Thanks Paulus and TG..this is an awesome system if you follow it with discipline.
  • #2,326
  • Jun 18, 2009 3:46am Jun 18, 2009 3:46am
Hi All

Dead weird (or dead lucky) trade this morning. I was watching GU and saw it come down to the daily pivot. As it broke thru and hesitated, it re-tested the pivot then our system gave the short signal. So I opened short, set a stop 25 pips above and targeted a price just above the daily S1.

Hardly as I had opened, the price fell in a single minute to reach my target!

So 56 pips today. I am off on my trip now so see you all again Monday night.

Anne
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  • #2,327
  • Jun 18, 2009 4:00am Jun 18, 2009 4:00am
Quoting TudorGirl
Hi All

Dead weird (or dead lucky) trade this morning. I was watching GU and saw it come down to the daily pivot. As it broke thru and hesitated, it re-tested the pivot then our system gave the short signal. So I opened short, set a stop 25 pips above and targeted a price just above the daily S1.

Hardly as I had opened, the price fell in a single minute to reach my target!

So 56 pips today. I am off on my trip now so see you all again Monday night.

Anne
Morning TG,

Be careful, the large drop occured imediately following a 'High Impact' news time. (GBP Retail Sales m/m). Could have just as easily gone the other way.

Lucky this time but could be dangerous.

enjoy your trip

Nick
  • #2,328
  • Jun 18, 2009 4:39am Jun 18, 2009 4:39am
This looks like apromising system . Just want to say thanks to everyone who has contributed. This has veen very informative.

I was also wondering if anyone knows how i can get the trend magic to give an alert when it changes colour
  • #2,329
  • Jun 18, 2009 5:19am Jun 18, 2009 5:19am
Quoting TudorGirl

So 56 pips today.

Anne
Took me 3 trades to get that!
I thought we were both using Alpari UK MT4 but note your charts are showing GMT whereas mine are GMT+2.
I'd much prefer to work at GMT, how did you manage that?
Thanks
David

PS I'll try to remember to post News reminders on here...
Full-time trader and loving it!
  • #2,330
  • Jun 18, 2009 5:29am Jun 18, 2009 5:29am
Quoting Digitalis

PS I'll try to remember to post News reminders on here...

For those of you who want to be reminded of news times automatically just add this indi to your chart. Allow dll imports and select what news you want to see, High, medium, low or speaks. An audible and visual alert is posted 5 mins before the news and a visual two mins after.

happy pipo hunting

Nick
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File Type: ex4 THV3 FFCal.ex4   33 KB | 594 downloads
  • #2,331
  • Jun 18, 2009 5:38am Jun 18, 2009 5:38am
Quoting stunna29
Notch i personally like the 15 min better..Today +150 pip gbp/jyp..i need to take this and run to bed.Thanks Paulus and TG..this is an awesome system if you follow it with discipline.

I look forward to using it but I think I will monitor progress for a few months.
  • #2,332
  • Jun 18, 2009 5:56am Jun 18, 2009 5:56am
Quoting lietuve
Agree 200%, it is a shame that some people are messing a great work, great thread by confusing novices and making the thread too long to be read to grasp the beautiful logic behind Paulus's idea.
I wish they'd go away and open their own threads where they would promote their own way of trading, but leave Paulus with his followers alone.

Cheers,
Lietuve

Hi Lietuve,

I am one of those novices who has been following this thread and have only reached page 65, so still along way to go before I even get here.

I have been battling to get my charts to look the same as everyone else's and I assume that because of all the other crap that goes on here, I cant get anyone to help me out.

What a shame, as I was under the impression these things were for all to contribute and benefit from what seems to be a state of the art strategy.

So this is my last attempt to request for help and then I am packing it in.

Cheers,

Darryl
  • #2,333
  • Jun 18, 2009 5:57am Jun 18, 2009 5:57am
Quoting TudorGirl
Hi All

Dead weird (or dead lucky) trade this morning. I was watching GU and saw it come down to the daily pivot. As it broke thru and hesitated, it re-tested the pivot then our system gave the short signal. So I opened short, set a stop 25 pips above and targeted a price just above the daily S1.

Hardly as I had opened, the price fell in a single minute to reach my target!

So 56 pips today. I am off on my trip now so see you all again Monday night.

Anne
Congratulation Anne:
You might turn out to be one of the best traders on the thread. Are you using the TM and single time frame indicator with pivots like nisha4x? Thanks again for all you contribute and continued good trading.

Jim
  • #2,334
  • Jun 18, 2009 5:58am Jun 18, 2009 5:58am
Hi Notch

Nooooooo never said 5min to noisy and never restricted myself to ' static' targets

I have always used 5min trend magic as a sliding stop thats what gave the pip count

Paulus
  • #2,335
  • Jun 18, 2009 6:09am Jun 18, 2009 6:09am
Quoting hutchy
Hi Lietuve,

I am one of those novices who has been following this thread and have only reached page 65, so still along way to go before I even get here.

I have been battling to get my charts to look the same as everyone else's and I assume that because of all the other crap that goes on here, I cant get anyone to help me out.

What a shame, as I was under the impression these things were for all to contribute and benefit from what seems to be a state of the art strategy.

So this is my last attempt to request for help and then I am packing...
Hey Darryl

It is very hard to help you out if we do not know what the problem is. If you would post a screenshot of your platform we might be able to help you out. Second possibility is to use the indicators and templeate on the first post. Screenshots that has other indicators on are not the official ones.

Kristjan
  • #2,336
  • Jun 18, 2009 6:11am Jun 18, 2009 6:11am
hello everyone

seems like every page will change different setting when i read whole thread

may i know the setting now u all guys using and profitable???
  • #2,337
  • Jun 18, 2009 6:24am Jun 18, 2009 6:24am
Quoting Paulus

1min tp approx 5- 15pips
5min tp approx 15 -30 pips

to get 100 pips moves from a 5min chart is not realistic the noise is just to great

its a huge subject

please post your findings

Paulus
Well in that case Paulus, I still don't understand what you meant in the above post.
  • #2,338
  • Jun 18, 2009 6:25am Jun 18, 2009 6:25am
Quoting kristjantelve
Hey Darryl

It is very hard to help you out if we do not know what the problem is. If you would post a screenshot of your platform we might be able to help you out. Second possibility is to use the indicators and templeate on the first post. Screenshots that has other indicators on are not the official ones.

Kristjan
Kristjan,

I dont have a live screenshot now as I am at work and my platform is not loaded here.

Would you mind looking at the screenshot that I posted on #2280.

Thanks for your prompt assistance
  • #2,339
  • Jun 18, 2009 6:29am Jun 18, 2009 6:29am
Quoting fxxx
SwingMan, thank you for improvement of John Ehlers' Fisher Transform formula!

here improved smFisherTransform3 and Solar Wind;

improved indicators changing color several bars earlier and react much faster than smFisherTransform3 and Solar Wind versions
: )
Solar Wind repaints history very badly (do a little search in FF and you will find several posts on it) so if you guys want to use it be very careful when you do. If the Solar Wind is the same as Fisher Transformer then it repaints too. I think it is not use of posting indicators that have no use what so ever. I think the system is just fine with the indicators we have in the first post.
I have also a suggestion if someone would like to post a indicator please ask Paulus premission do do so if you have the premission the post away otherwhise the thread will become full of indicators that do not belong to the system. That is just my opinion Maybe Paulus can comment my suggestion.

Kristjan
  • #2,340
  • Jun 18, 2009 6:37am Jun 18, 2009 6:37am
Hi Paulus. I'm with you. the object is to make money not make a lot of 10 pip trades. Thanks again for this fine post.
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