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EUR/GBP Trendmagic System

  • #2,381
  • Jun 18, 2009 10:00am Jun 18, 2009 10:00am
Quoting Dm3554
@leledc

Is it wise to post a useless indicator? Better to remove it from the thread?
I haven't posted the indi:i have just fixed the indi that someone has posted previous in the thread...Someone has asked to resolve the problem of repainting and i have done it.That's all.I don't understand your post
  • #2,382
  • Jun 18, 2009 10:00am Jun 18, 2009 10:00am
Quoting gillybabe
OK. I have a question - very noobie so forgive me. On GJ, PA has been sitting on DP for 7 bars now. All TG and Vorcicity are showing blue. So do I
1) Go in Long
2) Wait some more
3) See if it is going long or short from here.
4) Or what???
Thanks for whatever help yu can give. Same with GU.

PS: Nevefr seen it like this for so long.
HMMMM!!

If I were trading this method, I ONLY trade signal to signal. Have never had much success entering into existing moves. Inevitably, as soon as I try to do such, PA moves directly against me.

Just my own personal choice of entry.
  • #2,383
  • Jun 18, 2009 10:01am Jun 18, 2009 10:01am
Quoting Dm3554
@leledc

Is this a useful or a useless indicator .... there's no description of how it differs from earlier postings of the indicator, nor a screenshot to compare.

Can you clarify, please? (If, like the other indicator you just posted, it's useless, better to remove it from the thread?) Thanks.
The solar wind fixed not repainting ...I don't know if it is useless:for you is better a repainting indicator instead of an indi fixed???I don't understand you
  • #2,384
  • Jun 18, 2009 10:01am Jun 18, 2009 10:01am
Damn, TudorGirl Vorticity indi repaints.
  • #2,385
  • Jun 18, 2009 10:03am Jun 18, 2009 10:03am
Quoting 4xStar
I'm going to try re-posting this:

OK, I am doing something wrong because I keep getting stopped out. Is it important to enter only when the FIRST bar of HG_0001 matches the change of the TM to corresponding color?
I've been entering in some cases 2-4 bars later .. and the pullbacks are so deep I have to get out to not lose more than 20 pips .. at which point it promptly reverses of course
Any ideas?

Voracity is used as an early signal to get out of a trade, right?

And TG shows strength of move .. although it seems to show this in retrospect...
Provide us a screen shot please. We can further assist with a good visual understanding.
  • #2,386
  • Jun 18, 2009 10:03am Jun 18, 2009 10:03am
Quoting notch
Well this is good news. Can you at least tell us what TF you were backtesting?
5M on all pairs, I have employed someone to continue the backtesting as I want to concentrate on forward testing as the backtest results are staggering. I'm a cynic by nature and think that if something looks too good to be true then it probably is, I'll let you know!
  • #2,387
  • Jun 18, 2009 10:06am Jun 18, 2009 10:06am
Quoting Andy B
5M on all pairs, I have employed someone to continue the backtesting as I want to concentrate on forward testing as the backtest results are staggering. I'm a cynic by nature and think that if something looks too good to be true then it probably is, I'll let you know!

Thanks
  • #2,388
  • Jun 18, 2009 10:07am Jun 18, 2009 10:07am
Quoting gillybabe
OK. I have a question - very noobie so forgive me. On GJ, PA has been sitting on DP for 7 bars now. All TG and Vorcicity are showing blue. So do I
1) Go in Long
2) Wait some more
3) See if it is going long or short from here.
4) Or what???
Thanks for whatever help yu can give. Same with GU.

PS: Nevefr seen it like this for so long.
Hi gilly. I would say it's stalled partly because it's sitting right under the pivot and also very close to weekly S1.

Don't know if you noticed but it's a typical pennant pattern. As it's quite a few bars since the initial trigger, I would wait for it to break out of the pennant triangle. Hopefully it breaks long, as the HG indy shows, in which case it's almost a no-brainer trade. (And it does break long so maybe weekly or daily pivot will now become support...)
Attached Image (click to enlarge)
Click to Enlarge Name: pennant.png Size: 10 KB
Full-time trader and loving it!
  • #2,389
  • Jun 18, 2009 10:15am Jun 18, 2009 10:15am
Quoting notch
Thanks
169 pips on GBPUSD in forward testing today, well over 200 on GBPJPY, and over 300 on GBPCHF, looking good!
  • #2,390
  • Jun 18, 2009 10:16am Jun 18, 2009 10:16am
Quoting Edgetrader
Provide us a screen shot please. We can further assist with a good visual understanding.
Here is GU chart, I entered long on second HG blue bar, it went up a few pips then pulled back 30 pips, I stopped out at -20. Then it resumed .. this seems to happen most of the time.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
******************* I'd rather make money than be right.
  • #2,391
  • Edited 10:39am Jun 18, 2009 10:16am | Edited 10:39am
Below is the chart setup i am using, i know that the HG0001 indi gives the same signal as qqe, but just for visual confirmation, i use it, otherwise its no use.

Long trades when HG001 indi turns blue, qqe crosses 50 upwards,

short trades when HG001 indi turn red , qqe crosses 50 downwards

TP and SL are at pivots points or dependent on trader to trader as each person has his or her own goals, i take short trades and ride a trend if it goes my way , if not bail out

use low leverage and low risk, it will work. Be Patience for the trade, let it come to u, dont go after it

attached is qqe for someone who mentioned in PM, use default setting of 5 for scalping on 1 and 5 min and 20-25 on 1hr and 4 hr
Attached Image (click to enlarge)
Click to Enlarge Name: eu1min.gif Size: 28 KB
Attached File(s)
File Type: ex4 ###QQE_Alert_MTF_v5###.ex4   19 KB | 836 downloads
Trend is your friend...
  • #2,392
  • Jun 18, 2009 10:20am Jun 18, 2009 10:20am
price usually comes back to retest the pivot , so wait for the test and if it holds enter in the direction. Since S1 and Weekly pivot were very close, it acted as strong support and price bounced back to its bigger term uptrend

Quoting 4xStar
Here is GU chart, I entered long on second HG blue bar, it went up a few pips then pulled back 30 pips, I stopped out at -20. Then it resumed .. this seems to happen most of the time.
Trend is your friend...
  • #2,393
  • Jun 18, 2009 10:23am Jun 18, 2009 10:23am
This works on the 1min? I didn't think QQE would work on that fast a timeframe. Which pairs do you trade this way.

Quoting nisha4x
Below is the chart setup i am using, i know that the HG0001 indi gives the same signal as qqe, but just for visual confirmation, i use it, otherwise its no use.

Long trades when HG001 indi turns blue, qqe crosses 50 upwards,

short trades when HG001 indi turn red , qqe crosses 50 downwards

TP and SL are at pivots points or dependent on trader to trader as each person has his or her own goals, i take short trades and ride a trend if it goes my way , if not bail out

use low leverage and low risk, it will work. Be Patience for the trade, let...
******************* I'd rather make money than be right.
  • #2,394
  • Jun 18, 2009 10:24am Jun 18, 2009 10:24am
Quoting aurorau
Damn, TudorGirl Vorticity indi repaints.
It has been stated by TG several times and verified by others, it repaints about 2-3 bars.
  • #2,395
  • Jun 18, 2009 10:27am Jun 18, 2009 10:27am
Quoting nisha4x
price usually comes back to retest the pivot , so wait for the test and if it holds enter in the direction. Since S1 and Weekly pivot were very close, it acted as strong support and price bounced back to its bigger term uptrend
So it is not just a red light -- green light thing .. you have to watch direction, pivots, re-tests of TL etc ... I had a feeling there was more to it. Just a matter of getting used to it and getting the settings right.

I still don't know what the 10/20 setting is that Edge referred to.
******************* I'd rather make money than be right.
  • #2,396
  • Jun 18, 2009 10:28am Jun 18, 2009 10:28am
Trust me, it works on all pairs, but i use it mainly on EU, GU, AU, UY, GY

Quoting 4xStar
This works on the 1min? I didn't think QQE would work on that fast a timeframe. Which pairs do you trade this way.
Trend is your friend...
  • #2,397
  • Jun 18, 2009 10:31am Jun 18, 2009 10:31am
wish it was so simple, but it is not, we are only fooling ourselves if we follow any indicator blindly, need to have ur fundamentals strong, indicators are only a trigger , rest is all there in the Price action and Pivots are the places where PA dances before confirming where it is going, rarely does it do the opposite

attached is a chart where qqe did not cross 50 and bounced upwards, which was confirmed by price action and HG001 indi, see how it tested Daily pivot and went straight to weekly pivot , almost to the pip



Quoting 4xStar
So it is not just a red light -- green light thing .. you have to watch direction, pivots, re-tests of TL etc ... I had a feeling there was more to it. Just a matter of getting used to it and getting the settings right.

I still don't know what the 10/20 setting is that Edge referred to.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5min.gif Size: 33 KB
Trend is your friend...
  • #2,398
  • Jun 18, 2009 10:33am Jun 18, 2009 10:33am
Quoting 4xStar
So it is not just a red light -- green light thing .. you have to watch direction, pivots, re-tests of TL etc ... I had a feeling there was more to it. Just a matter of getting used to it and getting the settings right.

I still don't know what the 10/20 setting is that Edge referred to.

As far as I understand he means +10TP and -20 SL
  • #2,399
  • Jun 18, 2009 10:36am Jun 18, 2009 10:36am
well, i guess there were about 100 different indicators posted in this thread.

but noone posted the trendmagic with alert-function.

a lot of people asked for adding an alert to the trendmagic when the colour changes.

please, if someone can do this, please post it here.

thanks
meine augen sind die sterne
  • #2,400
  • Jun 18, 2009 10:37am Jun 18, 2009 10:37am
Quoting nisha4x
wish it was so simple, but it is not, we are only fooling ourselves if we follow any indicator blindly, need to have ur fundamentals strong, indicators are only a trigger , rest is all there in the Price action and Pivots are the places where PA dances before confirming where it is going, rarely does it do the opposite

attached is a chart where qqe did not cross 50 and bounced upwards, which was confirmed by price action and HG001 indi, see how it tested Daily pivot and went straight to weekly pivot , almost to the pip
which settings are u using for the qqe ? default ?
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