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EUR/GBP Trendmagic System

  • #2,421
  • Jun 18, 2009 9:18am Jun 18, 2009 9:18am
Quoting nisha4x
one more person on my ignore list, look at his tone
My intent was to help others and i am an italian boy:so english isn't my first language,so maybe i can result bad...but it wasn't my intent.
  • #2,422
  • Jun 18, 2009 9:19am Jun 18, 2009 9:19am
Quoting nisha4x
one more person on my ignore list, look at his tone
maybe before he leaves ...

he can put an alert to the trendmagic
meine augen sind die sterne
  • #2,423
  • Jun 18, 2009 9:21am Jun 18, 2009 9:21am
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.
Maybe this can help you...

The first chart is the 5m...you took you trade on the signal

After the signal, by quickly dropping to the 1m chart look what happens and the clean entry you could have taken

Hope this helps
Eegle
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: zzsend 2.jpg Size: 125 KB
  • #2,424
  • Jun 18, 2009 9:21am Jun 18, 2009 9:21am
Ideally i would have put my SL below the Pivots, but thats just me, maybe Paulus can shed more light with his experience

Quoting 4xStar
Here it is ... with a 20 pip stop loss I was stopped out .. somone suggested using last TM level as stop, that would have been nearly 50 pip loss (would not have triggered) but a lot of risk if playing for +10,

I've been doing this all morning .. the setup looks like it is there, then reverses on me past the 20 pip loss point ... help
Trend is your friend...
  • #2,425
  • Jun 18, 2009 9:22am Jun 18, 2009 9:22am
Nisha, is this the syste, you are currently using for 100%

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...
Believe and Achieve!
  • #2,426
  • Jun 18, 2009 9:30am Jun 18, 2009 9:30am
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.
Hi 4xStar

I am a bit worried by some of the responses to your question. Some folk have posted that 10/20 refers to TP/SL. But in Edge's post...

http://www.forexfactory.com/showpost...postcount=1829

he says..

"Settings are optimized at 18 for the FT and 10/20 for the TM. You do not need anything else! Simply put them on your platform and check for yourself."

I thought he was referring to setting the TM CCI=10 and the TM ATR=20.

Please correct me if I am wrong!

Anne
  • #2,427
  • Jun 18, 2009 9:30am Jun 18, 2009 9:30am
On the 1minso far

26 signals

13 wins 13 losers strike rate 50%

Average winner - 45
Average loser - 13

Total so far hmmmm 482 pips and long from 157.71 at 17.21 uk time

P
  • #2,428
  • Jun 18, 2009 9:33am Jun 18, 2009 9:33am
Quoting Paulus
On the 1minso far

26 signals

13 wins 13 losers strike rate 50%

Average winner - 45
Average loser - 13

Total so far hmmmm 482 pips and long from 157.71 at 17.21 uk time

P

Compelling!
  • #2,429
  • Jun 18, 2009 9:33am Jun 18, 2009 9:33am
Quoting TudorGirl
Hi 4xStar

I am a bit worried by some of the responses to your question. Some folk have posted that 10/20 refers to TP/SL. But in Edge's post...

http://www.forexfactory.com/showpost...postcount=1829

he says..

"Settings are optimized at 18 for the FT and 10/20 for the TM. You do not need anything else! Simply put them on your platform and check for yourself."

I thought he was referring to setting the TM CCI=10 and the TM ATR=20.

Please correct me if I am wrong!

Anne
That's what it sounded like to me too .. but everyone says he meant TP/SL. My settings are 50 and 5 .. changing to 10 and 20 would make a huge difference ...
Hope he will clarify for us.
******************* I'd rather make money than be right.
  • #2,430
  • Jun 18, 2009 9:38am Jun 18, 2009 9:38am
Quoting 4xStar
Here it is ... with a 20 pip stop loss I was stopped out .. somone suggested using last TM level as stop, that would have been nearly 50 pip loss (would not have triggered) but a lot of risk if playing for +10,

I've been doing this all morning .. the setup looks like it is there, then reverses on me past the 20 pip loss point ... help
If going to trade the +10 method, use only those indi's set forth to trade in that manner. As another poster commented, it appears you have indi's on your chart for both swing trading and scalping. Try to consolidate each and recommend onlt trading signal to signal. Results will be quite a bit better.

Regards.
  • #2,431
  • Jun 18, 2009 9:39am Jun 18, 2009 9:39am
YES, almost 90%, rest 10% is discretion to take a trade or not dependng on time of the day.

I usually used to avoid US sessions, but with this combination, i feel secure and confident, but generally i trade 90% during 1 hr before london opens to 1 hr of US session

Quoting sirwolf
Nisha, is this the syste, you are currently using for 100%
Trend is your friend...
  • #2,432
  • Jun 18, 2009 9:39am Jun 18, 2009 9:39am
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
Hi Nisha. Thanks for your support. Please tell about your exits, stops and tp. Thanks
Make money Not pips
  • #2,433
  • Jun 18, 2009 9:40am Jun 18, 2009 9:40am
Quoting Paulus
On the 1minso far

26 signals

13 wins 13 losers strike rate 50%

Average winner - 45
Average loser - 13

Total so far hmmmm 482 pips and long from 157.71 at 17.21 uk time

P

I think that I have read every post but I can't recall what you are using as the SL on the 1min strategy. Please can you remind me?
  • #2,434
  • Jun 18, 2009 9:41am Jun 18, 2009 9:41am
Quoting TudorGirl
Hi 4xStar

I am a bit worried by some of the responses to your question. Some folk have posted that 10/20 refers to TP/SL. But in Edge's post...

http://www.forexfactory.com/showpost...postcount=1829

he says..

"Settings are optimized at 18 for the FT and 10/20 for the TM. You do not need anything else! Simply put them on your platform and check for yourself."

I thought he was referring to setting the TM CCI=10 and the TM ATR=20.

Please correct me if I am wrong!

Anne
Could not have been any clearer. Can even substitute a 14 WMA for the TM if it appeals to a trader.
  • #2,435
  • Jun 18, 2009 9:42am Jun 18, 2009 9:42am
1st things 1st if your going for 10 pips and i dont want to start a debate here but your stop really cant be more than 10-15 pips because you will get the day when you will have several losers in a row and you just wont recover from it.

So if your restricting your stop to 15pips max for example then we have to ignore TM and swing lows..

For me the best place to have a stop is at a technical level.sooooo as this is a trend following system and your stop out in theory was just a pull back in a trend and as up trends have higher lows the best place for your stop is the previous swing low becuaes if that goes we have made a lower low and the trend from a technical point of view is broken


By the way from your chart you would still be long using TM as a sliding stop


P
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  • #2,436
  • Jun 18, 2009 9:45am Jun 18, 2009 9:45am
Quoting Edgetrader
If going to trade the +10 method, use only those indi's set forth to trade in that manner. As another poster commented, it appears you have indi's on your chart for both swing trading and scalping. Try to consolidate each and recommend onlt trading signal to signal. Results will be quite a bit better.

Regards.
Which ones are not for the +10 method?
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******************* I'd rather make money than be right.
  • #2,437
  • Jun 18, 2009 9:47am Jun 18, 2009 9:47am
Exits are based on how strong the momentum is towards the next pivot point , on 1 min timeframe, any number of pips am happy as low as 1 pip to 30 pips, on 5 min 1 pip to 50 pips

stops always 15-20 pips below pivots, as price sometimes retest it and goes below it before continuing. Moving to BE +1 once its moves 15 pips is always good, i dont like to loose even 1 pip if it turns across.

TP as mentioned in Exits or as per ur goal and risk level




Quoting balle1973
Hi Nisha. Thanks for your support. Please tell about your exits, stops and tp. Thanks
Trend is your friend...
  • #2,438
  • Jun 18, 2009 9:47am Jun 18, 2009 9:47am
I hate to ask this if it has already been answered but I cannot find it. Paulus are you using the original settings on the 1min charts or have you tweaked them at all? If so would you mind posting them or send them in a PM. Thanks
  • #2,439
  • Jun 18, 2009 9:49am Jun 18, 2009 9:49am
Quoting Paulus
1st things 1st if your going for 10 pips and i dont want to start a debate here but your stop really cant be more than 10-15 pips because you will get the day when you will have several losers in a row and you just wont recover from it.

So if your restricting your stop to 15pips max for example then we have to ignore TM and swing lows..

For me the best place to have a stop is at a technical level.sooooo as this is a trend following system and your stop out in theory was just a pull back in a trend and as up trends have higher lows the best place...
Now I am confused .. aren't you saying 2 different things?
#1 don't allow more than 15 pip stop
#2 use prev swing low as stop (way more than 15 pips)

I get that for a 10/20 system you cannot have stops lower than 20 .. so it looks like the problem is with my entries .. Edge talks of going 'signal to signal' so I guess if he misses the first bar of an entry, he will not enter that trade even if it pulls back.. ?

Also still confused if 10/20 also refers to CCI/ATR settings in TM
******************* I'd rather make money than be right.
  • #2,440
  • Jun 18, 2009 9:58am Jun 18, 2009 9:58am
Is it possible to have an alert added to the Vorticity 2.1 indicator
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