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EUR/GBP Trendmagic System

  • #2,441
  • Jun 18, 2009 12:01pm Jun 18, 2009 12:01pm
Quoting 4xStar
Which ones are not for the +10 method?
I have found that the EurUsd and GbpUsd are very good +10 candidates.

The settings again are:

If you use a TM it is CCI at 10 and ATR at 20.

If you use a MA it should be set at 14 and be linear weighted with a weighted close. ( Virtually every time on a 5M chart PA gous above or below the MA, the TM changes color. So, use whichever one you like best.

Ust a FT set at 18.

How to trade this!!!

Trade ONLY during the Asain/London or London/U.S. overlapping period.

The color change on the FT will be your primer. PA will usually follow and cross the MA or the TM will then change color, this is your trigger.

It is not an exact science method and leaves a bit of discretion as to when you want to enter a trade.

Hoever, as long as you are reasonable close to the signal generation point, ATR withing each of these pairs usually is sufficient to allow +10 trades to be generated.

Regards.
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  • #2,442
  • Jun 18, 2009 12:03pm Jun 18, 2009 12:03pm
Quoting 4xStar
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


10/20 has always been set forth as TM settings when scalping. Has nothing to do with TP/SL levels.
  • #2,443
  • Jun 18, 2009 12:05pm Jun 18, 2009 12:05pm
HiDet

the figs returned are demo testing a slightly diff set up which I wont post untill TG has confirmed a few things

But this is the 1min on the original settings as from post 1 last 3 signals

+75+2 and long from 157.86

P
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  • #2,444
  • Jun 18, 2009 12:06pm Jun 18, 2009 12:06pm
Thank you! Now it is crystal clear

Will try it tomorrow (I know it will probably be a slow day .. but can practice)

Does anyone have an indicator that can block off (box color) the Asia-UK and UK-US trading times?

Quoting Edgetrader
I have found that the EurUsd and GbpUsd are very good +10 candidates.

The settings again are:

If you use a TM it is CCI at 10 and ATR at 20.

If you use a MA it should be set at 14 and be linear weighted with a weighted close. ( Virtually every time on a 5M chart PA gous above or below the MA, the TM changes color. So, use whichever one you like best.

Ust a FT set at 18.

How to trade this!!!

Trade ONLY during the Asain/London or London/U.S. overlapping period.

The color change on the FT will be your primer. PA will usually follow and...
******************* I'd rather make money than be right.
  • #2,445
  • Jun 18, 2009 12:08pm Jun 18, 2009 12:08pm
SL moved

P
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  • #2,446
  • Jun 18, 2009 12:14pm Jun 18, 2009 12:14pm
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...
4XStar show me a screen shot of your chart so i can better help you out.
  • #2,447
  • Jun 18, 2009 12:40pm Jun 18, 2009 12:40pm
I don't trade (yet) using Nisha's method, I still use the original setup. But I do use pivots in my trading, they're invaluable when looking for TP targets.

Just check out today's aususd chart below to see how often pivot acts as support or resistance.

The indicator is auto pivot 2, you can get it from post 1 of Nisha's thread here.
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Full-time trader and loving it!
  • #2,448
  • Jun 18, 2009 12:50pm Jun 18, 2009 12:50pm
Quoting Paulus
HiDet

the figs returned are demo testing a slightly diff set up which I wont post untill TG has confirmed a few things

But this is the 1min on the original settings as from post 1 last 3 signals

+75+2 and long from 157.86

P

Thanks Paulus, I look forward to seeing your tweaked settings if they ever make it to the public.
  • #2,449
  • Jun 18, 2009 12:51pm Jun 18, 2009 12:51pm
Guys, I think what we need is alerts on all the indicators on the thread, so that we don't miss the infrequent trading opportunities that arise .... NOT!!
  • #2,450
  • Jun 18, 2009 12:55pm Jun 18, 2009 12:55pm
Quoting Dm3554
Guys, I think what we need is alerts on all the indicators on the thread, so that we don't miss the infrequent trading opportunities that arise .... NOT!!
i am not losing my hope that -at least- the TM comes with an alert...
meine augen sind die sterne
  • #2,451
  • Jun 18, 2009 12:58pm Jun 18, 2009 12:58pm
simple stuff this

Following on from the 1min chart original settings the long was closed for +39 using TM as a step sliding stop

The SL line is where you was stopped ..

Notice the lower high ( Yellow) and now the new lower highs

Again simple dimple look at our 1min TM blocks...red but 5 and 15 blue if it goes blue on 1min Im long

P
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  • #2,452
  • Jun 18, 2009 1:03pm Jun 18, 2009 1:03pm
Hey Edge,

Hope you caught this one...
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  • #2,453
  • Jun 18, 2009 1:07pm Jun 18, 2009 1:07pm
aserbfx, glad you noticed. I sensed a certain desparation in your post hoping that leledc would add an alert to TM indicator!

Good luck!

Quoting aserbfx
i am not losing my hope that -at least- the TM comes with an alert...
  • #2,454
  • Jun 18, 2009 1:08pm Jun 18, 2009 1:08pm
Quoting TudorGirl
Well.... it depends what you mean by "fixed". Several people claim to have fixed FT, Solar etc by just reversing the order of the iteration from...
i understand exactly what i am doing.Below an indicator that i have developed that i wanted to share with you(it makes you notice when trend is changing before it happens,not holy grail but useful):but everyone in this thread has been very unkind with me so good luck to everyone.Bye
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  • #2,455
  • Jun 18, 2009 1:10pm Jun 18, 2009 1:10pm
Quick thirty pips on Nisha's system.

Red line is the entry and weekly pivot is tp.
entered on yellow box because of divergence.
Thanks
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Make money Not pips
  • #2,456
  • Jun 18, 2009 1:17pm Jun 18, 2009 1:17pm
MMmmmm. Seem to have a problem. Already have autofibs on the system which runs fibs from the DP. Have just put on the autopivot program and whereas the lines seem to be showing, the names are not. Any ideas anyone pls
  • #2,457
  • Jun 18, 2009 1:30pm Jun 18, 2009 1:30pm
Quoting Edgetrader
[/b]

10/20 has always been set forth as TM settings when scalping. Has nothing to do with TP/SL levels.
Sorry, Edge, my mistake...

I suggested 4xStar was using two different sets of indys that gave him confusing signals (swing and scalp), and that 10/20 was TP/SL... didn't see your original post....

Thanks for the clarification....

Cheers
Many share my views with me. But I don't share them with them...
  • #2,458
  • Jun 18, 2009 1:41pm Jun 18, 2009 1:41pm
Quoting revrobwimb
Hey Edge,

Hope you caught this one...
Is beyond my usual trading time Rev....

However, research shows that time (1:20 - 2:00 p.m. NY) to be very active also. Big boys go to luck, rave over their profitable positions, gorge themselves, then come back and take some bling off the table. Almost a daily occurance in many pairs.

And the setup is picture perfect --- Simply cannot miss that with ANY indi you want to use.

Hmmm, maybe I could sleep in and trade later in the day. Only looking for 30 - 40 daily pips anyway. Food for thought.


Regards.
  • #2,459
  • Jun 18, 2009 1:49pm Jun 18, 2009 1:49pm
Some indi's may be a bit quicker than others, but simply no way you could not have had between 10-50 pips there.
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  • #2,460
  • Jun 18, 2009 1:52pm Jun 18, 2009 1:52pm
Maybe it was due to misunderstandings about your posts of indicators, and I think you were just posting them based on some requests by others. As it is now, some are expecting YOU to make an alert for the TM. For what it's worth, I don't think you should leave, and believe it was just a lack of understanding.
Quoting leledc
i understand exactly what i am doing.Below an indicator that i have developed that i wanted to share with you(it makes you notice when trend is changing before it happens,not holy grail but useful):but everyone in this thread has been very unkind with me so good luck to everyone.Bye
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