EUR/GBP Trendmagic System | Page 127 | Forex Factory

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EUR/GBP Trendmagic System

  • #2,521
  • Jun 19, 2009 10:45am Jun 19, 2009 10:45am
Quoting FX_N00b
Edge,

As I see you are using (on the chart) bouth 14MA and TM. Are you using bouth for puling the trigger, or just one of them ?

Thx for the coments too !
PA crossing MA is the primer and FT changing color is the trigger. (or RSI going above or below OB/OS). Whichever you like.

Once PA crosses MA you can practically 'feel' when that FT is going to change. It lags a bit but by watching PA you can tell if it is a good setup. MA works as a pretty good floating SL also.
  • #2,522
  • Jun 19, 2009 10:48am Jun 19, 2009 10:48am
If anyone following the thread cannot see the long setups taking place in EUUS and GBUS then it might be time to start from page one again. Does not matter which indi or plan you are trading right now, these are so blatant as to give the blind eyesight.
  • #2,523
  • Jun 19, 2009 10:48am Jun 19, 2009 10:48am
Quoting SwingMan
I agree and I am ashamed for my contributions , but my first question was purely technical (about Vorticity and FisherTransform).

I would be better filled when @edgetrader open a new thread with his trading rules, because they are quite different than the original, and in this instance I can promise to write an EA...

Hello Swingman
I hope my request is not inappropriate but you seem to know your way around MT, so I, and perhaps a few others that have previously asked on the thread, would be most grateful if it was possible to have your smfishertransform indicator and the Trend Magic for Ninja Trader ?

I'm trading CME currency contracts and as hard a I've tried, I'm unable to marry up the two mentioned indicators running on MT for Spot Forex prices, to the CME prices I have on Ninja Trader.

I would be great to have them.
Many thx
kind Regards.
P.S there is a Fisher Transform indicator already for NT, but doesn't plot at all the same as yours.
  • #2,524
  • Jun 19, 2009 10:52am Jun 19, 2009 10:52am
Quoting cd170
Hello Swingman
I hope my request is not inappropriate but you seem to know your way around MT, so I, and perhaps a few others that have previously asked on the thread, would be most grateful if it was possible to have your smfishertransform indicator and the Trend Magic for Ninja Trader ?

I'm trading CME currency contracts and as hard a I've tried, I'm unable to marry up the two mentioned indicators running on MT for Spot Forex prices, to the CME prices I have on Ninja Trader.

I would be great to have them.
Many thx
kind Regards.
P.S there is...
Do you have a 'trix' indi on your platform? Give me a screen shot of what you are trading with please.

Thx
  • #2,525
  • Jun 19, 2009 10:59am Jun 19, 2009 10:59am
Edge,
I think this is the killer setup Paulus has been looking for. You've hit on an easy way to jump into the market when ever one has some time to spare.
I've been looking at this now on the 1m and 5m since you posted it.
5m is easier to gauge but 1m is manageable while keeping the 5m/15m trend in view.
The FT and the TG_Vorticity help with bias of trend of the moment as well.
I've attached a pic of this soon to be considered great setup of yours.
Thanks much to Paulus, Anne, yourself and others that have brought this method so far in such a short period of time.
Good trades to all.
Cliff




Am looking at an RSI set at '4' with OB/OS set at 60/40 as an alternative. Most assuredly does not repaint if using the 'live' MT4 version with a simple line as the rsi.

Will see how this performs for a few hours.[/quote]
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I get exercise just pushing my luck
  • #2,526
  • Jun 19, 2009 11:02am Jun 19, 2009 11:02am
Quoting Edgetrader
If anyone following the thread cannot see the long setups taking place in EUUS and GBUS then it might be time to start from page one again. Does not matter which indi or plan you are trading right now, these are so blatant as to give the blind eyesight.
Hi Edge:
I was at work, couldn't get to them, do you watch multiple pairs and take all that fire, or do you have other criteria to determine which to pick. Nice trades on those 2, nice catch. Would an alert help when the 5 min changes color, and I know it's been asked for a lot in the thread, LOL.

Jim
  • #2,527
  • Jun 19, 2009 11:03am Jun 19, 2009 11:03am
Edge:
Also, when is it too late to enter the trade? If you miss the first 5 min. candle is it then too late? Thanks

Jim
  • #2,528
  • Jun 19, 2009 11:09am Jun 19, 2009 11:09am
feel so happy every time i read this thread.. at least i can give back a little for what i gain from FF..

happy trading to all..
Patience is the keyword here...
  • #2,529
  • Jun 19, 2009 11:13am Jun 19, 2009 11:13am
Quoting bigjim1958
Hi Edge:
I was at work, couldn't get to them, do you watch multiple pairs and take all that fire, or do you have other criteria to determine which to pick. Nice trades on those 2, nice catch. Would an alert help when the 5 min changes color, and I know it's been asked for a lot in the thread, LOL.

Jim
Jim,

I focus on these two pairs only right now as trading a bit larger lot size and going after 10 pips is appropriate here.

FT already has an alert so is easy to ,answer the bell' so to say.

In ref. to your other question, I trade only signals as they appear. Am not good at all entering moves midstream. Is a recipe for disaster imho.

Regards.
  • #2,530
  • Jun 19, 2009 11:16am Jun 19, 2009 11:16am
Quoting cce
Edge,
I think this is the killer setup Paulus has been looking for. You've hit on an easy way to jump into the market when ever one has some time to spare.
I've been looking at this now on the 1m and 5m since you posted it.
5m is easier to gauge but 1m is manageable while keeping the 5m/15m trend in view.
The FT and the TG_Vorticity help with bias of trend of the moment as well.
I've attached a pic of this soon to be considered great setup of yours.
Thanks much to Paulus, Anne, yourself and others that have brought this method so far in such a...
[/quote]

The damn cat is out of the bag! Is deadly accurate is it not?

Was saving that for some weekend excitement but you are the proverbial 'Johnny on the Spot' here. Very good observation indeed. Is as close to a perfect triggering mechanism as possibly with basic platform materials.

Again, great observation!!
  • #2,531
  • Jun 19, 2009 11:37am Jun 19, 2009 11:37am
[quote=Edgetrader;2816504]Jim,

I focus on these two pairs only right now as trading a bit larger lot size and going after 10 pips is appropriate here.

FT already has an alert so is easy to ,answer the bell' so to say.

In ref. to your other question, I trade only signals as they appear. Am not good at all entering moves midstream. Is a recipe for disaster imho.

Regards.[/quote

Hi Edge:
Thanks for your quick response. I was only able to watch G/E the one Paulus likes and missed the 2 nice trades today, oh well that's life. I usually like to focus on these 2 myself, cost myself some nice pips today, do you trade on sunday afternoon or night or wait until open of London, early morning Monday. Have a great weekend.

Jim
  • #2,532
  • Jun 19, 2009 11:39am Jun 19, 2009 11:39am
Powerful potential addition possibilities.

Will do weekend backtesting on TS to ascertain actual potential.

+10's are pretty abundant at times.

Regards.
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  • #2,533
  • Jun 19, 2009 11:40am Jun 19, 2009 11:40am
I love this 1m setup. Going out to enjoy beautiful Friday afternoon weather.
Made a quick trade according to rules.
11 pips after spread...thank you market... very much.
Hope all enjoy great weather this weekend.
Ciao! for now.
Cliff
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I get exercise just pushing my luck
  • #2,534
  • Jun 19, 2009 11:41am Jun 19, 2009 11:41am
Edgetrader,

I'm following Plan A (scalping).

1)How do you handle exits (since we are looking for 10 pips...should we use a 10 pip SL?

2)I see on your charts that you don't enter exactly when PA crosses the TM...is there any other tip you could give us on that?

Thank you for your help. I really appreciate it.
  • #2,535
  • Jun 19, 2009 11:49am Jun 19, 2009 11:49am
Quoting Edgetrader
I have not found the potential 2 bar repaints on the 5M to be all that troublesome.

Naturally, on a higher TF it would be even less of an issue. TM and TGSF do pretty well on the higher TF's and the FT could just be an additional strength indi I would think.

Many thanks Edge.
  • #2,536
  • Jun 19, 2009 11:54am Jun 19, 2009 11:54am
Quoting silver19a
Edgetrader,

I'm following Plan A (scalping).

1)How do you handle exits (since we are looking for 10 pips...should we use a 10 pip SL?

2)I see on your charts that you don't enter exactly when PA crosses the TM...is there any other tip you could give us on that?

Thank you for your help. I really appreciate it.
MA acts as a floating SL pretty well. Need some discretion there. -10 is too tight for ANY pair. Needs to move around a bit.

Crucial to trade at appropriate time of day. This has been set forth several times in the thread.

Also, is difficult to trade MT4 with perfect entries as I am trading on TS and posting at the same time.

General setups on MT4 are quite adequate though. ATR for those pairs sufficient to get 10 pips provided your entry is relatively close to trigger point though. Has a bit of a forgiving nature most of the time which is a 'boon' to traders.

Regards.
  • #2,537
  • Jun 19, 2009 12:01pm Jun 19, 2009 12:01pm
Quoting Edgetrader
Even if TS is your platform, it is easy enough to trade setup at a +10 level.

A signal is a signal, and ALL indi's can be modified to fit your trading plan.

Never really was about a perfect indi though, if you are not going to trade then what's the point?

Regards.Attachment
Quote
Do you have a 'trix' indi on your platform? Give me a screen shot of what you are trading with please.
Hi Edge.
Thx for the reply.
Apologies, I didn't see your first post above.

Attached is a Ninja chart.
I've set it up as per yours, TRIX and a WMA, for the same period as per your attachment and looks good.
I don't think the TRIX has a re-paint issue either.

Great stuff, you've been a real help and asset to this entire thread (just my opinion though )

Kind Regards.

PS ..what's with this RSI thingy..? !!
Attached Image (click to enlarge)
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  • #2,538
  • Jun 19, 2009 12:14pm Jun 19, 2009 12:14pm
Quoting cd170
Hi Edge.
Thx for the reply.
Apologies, I didn't see your first post above.

Attached is a Ninja chart.
I've set it up as per yours, TRIX and a WMA, for the same period as per your attachment and looks good.
I don't think the TRIX has a re-paint issue either.

Great stuff, you've been a real help and asset to this entire thread (just my opinion though )

Kind Regards.

PS ..what's with this RSI thingy..? !!
Yeah, trix is spot on on any platform offering such. I would think it prudent for traders to read up on it a bit. Is unique among all indicators.

RSI is being worked on for the MT4 users to ascertain its usefulness there.

Regards.
  • #2,539
  • Jun 19, 2009 12:49pm Jun 19, 2009 12:49pm
Quoting cd170
Hi Edge.
Great stuff, you've been a real help and asset to this entire thread (just my opinion though )

Kind Regards.

PS ..what's with this RSI thingy..? !!
Completely agree, probably the opinion of many I think.

Thanks Edge. I too use the Trix from the THV thread. Very good indeed.

Regards

Pardy
  • #2,540
  • Jun 19, 2009 12:58pm Jun 19, 2009 12:58pm
Necessary PA is obviously the key to any trading plan. You need movement of some sort.

The 'tools' in your toolbox, when used correctly, will dramatically enhance your trading efforts. There are ALOT of tools out there for you to utilize.

Every brokerage offers a wide array to choose from. It is a VERY competitive industry and as such, some tools are a bit better than others.

You are already provided more than adequate tools for an MT4 platform. In fact, the plans shown in this thread should be traded profitably already by those who have done the necessary due diligence to work the problem.

You have been provided tremendous insight into the possibilities by both Paul and Anne's efforts here. In addition, I think I myself have provided a viable alternative to the base plan. In short, both swing and scalp traders are accommodated here.

In the end, it is the trader himself who has to place the trade. Waiting around for a perfect indi or EA is not only costing a trader money and experience trading a plan, it borders on pure folly.

As with all methods, you crawl first. You should be there already. Some should even be walking! Next you walk a bit quicker! Therein lies yet another tool available if you chose to add it to your bag.

As a visual, once you are adept at trading either plan you choose, perhaps getting those trades completed more expeditiously or with a bit better clarity will become important to you. Therein lies the progressive power of stepping your efforts up a notch. Will not promote anything here as that is against the FF rules. Will only say that you are not quite finished with your short journey here.

Have a good weekend.

Regards.
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