EUR/GBP Trendmagic System | Page 133 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

TrendMagic Channel 2 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Pair selection when using Trendmagic System 0 replies

Attachments: EUR/GBP Trendmagic System
Exit Attachments

EUR/GBP Trendmagic System

  • #2,641
  • Jun 21, 2009 7:42am Jun 21, 2009 7:42am
4 hour chart signals

GBPJPY

TG HG set to

4hour - 240mins
1 day - 1440 mins

short term goes blue when long term blue and price closes ABOVE 4 hour TM line

P
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.gif Size: 31 KB
  • #2,642
  • Jun 21, 2009 7:47am Jun 21, 2009 7:47am
Quoting profundo
Another frustraded trader and person that instead of trying to improve things.........just pass the time trying to destroy others efforts.

PR

Profundo, I've read all your 15 posts and you seem to visit threads to make stupid remarks such as this. Haven't you got anything better to do with your time or are you not able to ask a question of relevance? Everyone has the right to ask a question. So why don't you just stop with your silly one liners. Apart from anything many posters don't even speak English as their first language thus it can prove difficult for them to express themselves effectively. Thinking about it you're a Spaniard maybe that's your problem.
  • #2,643
  • Jun 21, 2009 7:53am Jun 21, 2009 7:53am
Hi All

Just taking a lazy Sunday look back on the thread...

Plenty of material here to keep newcomers busy until the Sun goes cold! I think we have 47 fundamentally different indicators and around 16 different trading schemes.

The number of ways of choosing 16 from 47 is 1,503,232,609,098. So, enough trading systems to keep everyone happy!

Alternatively, of course, you could listen to Kos, who trades the system in Post #1 very successfully. Or Edge's proven and tested variant.

Might save several billion years of fruitless backtesting....

Anne
  • #2,644
  • Jun 21, 2009 7:55am Jun 21, 2009 7:55am
Quoting TudorGirl
Hi All


Might save several billion years of fruitless backtesting....

Anne

Indeed...

But thinking about it, if the system is truly robust (and no PR I'm not knocking other people's hardwork!) then it will still be here to trade after the labour of back-testing.
  • #2,645
  • Jun 21, 2009 8:33am Jun 21, 2009 8:33am
Paulus: OK, positive is that I have not a blind eyesight. And I solace to your results of this system. I expect that is based on Annie's indis - great system for M5 (I trading with your rules, only one difference, a Heikin candles (reduces noise)), but I more like "brutaller" scalping on M1 - tight SL, when I can, moving SL to BE (+1, 2 pips (for efforts) (broker limit is 5 pips far of price). Your system is very similar to my "best to psychics" - i found what I finding for.... but M1 system based on similar maybe THE BEST Sorry for english, I hope that understand it .)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #2,646
  • Jun 21, 2009 8:34am Jun 21, 2009 8:34am
Edge, excellent post.
Quoting Edgetrader
Interesting to see so many individuals quickly ascertaining the fact that, regardless of how good a trading plan is perceived to be, without the mental discipline needed to trade such all efforts will be futile!

Paul himself has stated many times in the past that he trades for 30 - 50 pips daily and is content at that level. While he has been doing yeoman like work on the 1m beast trading, it is my opinion that very few traders will be in a financial position to attempt to enter that particular arena.

Let us not forget that much of Paul's previous...
  • #2,647
  • Jun 21, 2009 9:14am Jun 21, 2009 9:14am
Quoting Edgetrader
IF trading on TS the EURUSD is between 1.3 and 1.6 spread, the GBPUSD runs from 2.8 to 3.4.

IB is the usual 2 and 4 respectively.

As I also pay a modest commission with TS, the spread differential overall is very comparable. Almost apples to apples.

Tough call there on the scalp/swing dilemma. As for me, and as you know, the less time in the market (exposure) the better. Might just be paranoia but it lets me sleep a bit better.

I try to ask a trader this one thing!

" If you are trading one (1) standard contract at $10 per pip, and you...
Okay Edge,
At last I can see the woods from the trees!

I've opted for the 1min strategy except that I'll use the TrendChannel indy as a replacement for TM because I do not feel that TM copes with the noise of the 1min as well as the TrendChannel (EU or GU: I'll trade the one with the greatest 60 minute projected range) with a 50 pip daily target. I'll stop trading for the day after two consecutive losses. Initial SL of 20pips. I will trail (5 pips after the price moves +10 pips then lock in 10 pips if the price moves +15 pips etc etc) the price rather than have a PT so I can at least benefit from breakouts etc. I hope to hit the target between 6-11GMT failing that I'll return to the desk from 13:30-16:30GMT

However, if any of my weekly projected highs or lows are hit (GU, GY, UC, EU, AU, EC, EB) then I'll use the 5 min swing strategy (with the TM) as my confirmation and trigger. The swing trades may last upto 5 days depending on when the projections are hit. I'll use a smaller position size with a 20pip SL. SL will move to BE at +50pips then lock in 50pip at +100pips, 100pips at +150pip etc. I expect a 2 losses for every winner. Weekly range projection has to be at least 200 pips to be considered.
  • #2,648
  • Jun 21, 2009 9:15am Jun 21, 2009 9:15am
Quoting notch
Profundo, I've read all your 15 posts and you seem to visit threads to make stupid remarks such as this. Haven't you got anything better to do with your time or are you not able to ask a question of relevance? Everyone has the right to ask a question. So why don't you just stop with your silly one liners. Apart from anything many posters don't even speak English as their first language thus it can prove difficult for them to express themselves effectively. Thinking about it you're a Spaniard maybe that's your problem.
Tudorgirl vorticicty is Bluto's Maurauder indi based on volvox engine!
  • #2,649
  • Jun 21, 2009 9:16am Jun 21, 2009 9:16am
Quoting hutchy
Hi Edge,

I am sure you have already gone through this in previous posts and would ask that you look at the eurgbp on friday (the attached chart).

Can you advise, which would have been your entry and exit points.

Although I traded this and had some success, I believe I may have left a couple of pips on the table.

Cheers,


Darryl
Darryl,

Hard to say as I do not know when you are trading the pair. Also, I use a different set of indi's than you. And this particular pair, from my perspective, would not be traded at the +10 level I usually employ as it is a shallow mover.

Regardless, here is the chart I would see. Looks like, from just before London open to a bit into the U.S. session, there were 4 or 5 moves that are very easy to see. While I realize they are in hindsight, live trading will usually give a pretty clear picture of when to trade.

Trading Pauls swing plan, there are easily 50 or more pips available but you would have needed over 7 hours of computer seat time to get them.

I prefer just a few hours actual trading time as anything longer tends to be a bit mesmerizing and has a tendancy to have a trader go looking for trades out of boredom or frustration. Asking for trouble there.

Not sure this is what you were hoping for.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 143 KB
  • #2,650
  • Jun 21, 2009 9:27am Jun 21, 2009 9:27am
Quoting fxxx
TudorGirl, why you keep telling HG_0001a (stf) is macd, tm(cci )& LRSI
when it's not true - Lagueree not even close there...
data - macd cci only, w/o lrsi, + look on the chart and tell - how ""fuzzy" its weighted? 0?

HG_0001a macd and cci50 only
HG_0001a_MTF - it's only cci50 (only renamed forexfreedom)
Not sure what to make of this disaster.

10 different indi's on a chart and I suppose some point is being asserted disputing some of Anne's work.

So, what do YOU use to trade with? Most likely a primer and trigger of some manner. Show us some trades you have made with your methodology or this is pointless. Hopefully, you are not taking something provided free of any charge to you and actually bashing that.

That would put you in the 'blood sucking leech' category and can be a very uncomfortable place to be once a person figures out you are taking everything and giving nothing.

Might want to re-evaluate and contribute something meaningfull here.
  • #2,651
  • Jun 21, 2009 9:35am Jun 21, 2009 9:35am
Quoting leledc
Tudorgirl vorticicty is Bluto's Maurauder indi based on volvox engine!

I've sent you a PM.
  • #2,652
  • Jun 21, 2009 9:42am Jun 21, 2009 9:42am
Quoting Edgetrader
Darryl,

Hard to say as I do not know when you are trading the pair. Also, I use a different set of indi's than you. And this particular pair, from my perspective, would not be traded at the +10 level I usually employ as it is a shallow mover.

Regardless, here is the chart I would see. Looks like, from just before London open to a bit into the U.S. session, there were 4 or 5 moves that are very easy to see. While I realize they are in hindsight, live trading will usually give a pretty clear picture of when to trade.

Trading Pauls swing plan,...
Hi Edge,

Thanks, for the feedback and yes, I spent about 3hrs actively watching what was going on.

I must agree, spending so much time in front of the PC does make one loose focus and therefore I BELIEVE USING THIS SYTEM WILL ELIMINATE THIS.

Just gotta get those 20 pis consistently and get out.

Thanks again,

Darryl

  • #2,653
  • Jun 21, 2009 9:47am Jun 21, 2009 9:47am
Quoting notch
Okay Edge,
At last I can see the woods from the trees!

I've opted for the 1min strategy except that I'll use the TrendChannel indy as a replacement for TM because I do not feel that TM copes with the noise of the 1min as well as the TrendChannel (EU or GU: I'll trade the one with the greatest 60 minute projected range) with a 50 pip daily target. I'll stop trading for the day after two consecutive losses. Initial SL of 20pips. I will trail (5 pips after the price moves +10 pips then lock in 10 pips if the price moves +15 pips etc etc) the price...
Very well informed trading plan I would think Notch. Not sure on the 1M myself, will wait and see on that one. Also, not familiar with 'trend channel' indi usage as I must have missed that if you set it forth previously.

Can see you do some position trading here with sliding stops and that is obviously old school stuff that is tried and tested. Many traders, especially newbies, will not get to that level for quite some time. Sounds alot like 10 years ago trading the S&P charts. Sure was different back in those days.

Stay in those tree tops as it is apparent your vision is unobstructed.

Good post.

Regards.
  • #2,654
  • Jun 21, 2009 9:50am Jun 21, 2009 9:50am
fxxx posted on another thread that the Vorticity and forex fariz indicators can repaint up to EIGHT bars. It's apparent that fxxx is upset about something and doesn't like either the system or these indicators. I haven't seen a repaint of more than two bars before the current one on the Vorticity. In any event, fxxx is angry at something.
  • #2,655
  • Jun 21, 2009 9:56am Jun 21, 2009 9:56am
Quoting hutchy
Hi Edge,

Thanks, for the feedback and yes, I spent about 3hrs actively watching what was going on.

I must agree, spending so much time in front of the PC does make one loose focus and therefore I BELIEVE USING THIS SYTEM WILL ELIMINATE THIS.

Just gotta get those 20 pis consistently and get out.

Thanks again,

Darryl

Good for you!!

Notch has mentioned that he is focusing on the 1M in the future and Paul has done alot of work there also.

Several others associated to this thread also have experienced good 1M results. I myself have not been a 1M fan per se, however, I do see benefit in my own trading method by using trading signals to get 3-4 pips while trading somewhat larger lot sizes.

I think the EU and GU to be pretty stable pairs to work with on the 1M in order to have good trading possibilities. Will follow along closely and look forward to Paul & Notch's results, especially on a very short term trading perspective.

Regards.
  • #2,656
  • Jun 21, 2009 10:00am Jun 21, 2009 10:00am
My preference for trading is the 5 minute time frame as previously described. Will use mainly GBP/USD and EUR/USD and go for an average of 50 pips a day and trade only from approx. 11:00 GMT to 17:00. This will allow me to be done with trading so that I can do my full time job afterwards, and not have to be concerned with monitoring swing trades that are still open. Weekly goal is to average 250 pips.
Basically, the trading system Edgetrader has discussed using the indicators discussed and trading only when these indis are in alignment, and going for "only" 10 pips per trade.
  • #2,657
  • Jun 21, 2009 10:03am Jun 21, 2009 10:03am
Quoting paradoxical
fxxx posted on another thread that the Vorticity and forex fariz indicators can repaint up to EIGHT bars. It's apparent that fxxx is upset about something and doesn't like either the system or these indicators. I haven't seen a repaint of more than two bars before the current one on the Vorticity. In any event, fxxx is angry at something.

Well I like the Vorticity although it will not feature in my trading plan. It obviously has to be used with other indies or PA patterns.
  • #2,658
  • Jun 21, 2009 10:04am Jun 21, 2009 10:04am
Quoting paradoxical
fxxx posted on another thread that the Vorticity and forex fariz indicators can repaint up to EIGHT bars. It's apparent that fxxx is upset about something and doesn't like either the system or these indicators. I haven't seen a repaint of more than two bars before the current one on the Vorticity. In any event, fxxx is angry at something.
That is too bad, as seeking perfection through indi usage will only frustrate every trader. You need some manner of ability to follow PA as it develops. You need a indi or two to confirm your internal analysis regarding PA movement, and you need a bit of mental discipline to just trade your preferred trading plan without fail and with a high degree of confidence.

Sure do hope that 'perfect' indi does NOT materialize though. If it does, everything grinds to a hald as the house (market) loses its built in edge and we will all be looking at something else to sustain us with. Back to working for others and making them money I suppose. Perish the thought.
  • #2,659
  • Jun 21, 2009 10:16am Jun 21, 2009 10:16am
Quoting Edgetrader
Good for you!!

Notch has mentioned that he is focusing on the 1M in the future and Paul has done alot of work there also.

Several others associated to this thread also have experienced good 1M results. I myself have not been a 1M fan per se, however, I do see benefit in my own trading method by using trading signals to get 3-4 pips while trading somewhat larger lot sizes.

I think the EU and GU to be pretty stable pairs to work with on the 1M in order to have good trading possibilities. Will follow along closely and look forward to Paul & Notch's...
It took me the whole of last week in the evening after work to get through this thread. At times I got a bit confused trying to keep up with everyones versions and the additional indicators they put up. But I got through it all and decided to just apply the indicators on the 1st post.

So Friday, I traded DEMO on 4 pairs (EG, UJ, GU, EU) and ended up with 320 pips, so I must of done something right.

For the 1st time in a long while I actually felt confident before getting in, so I think for now I will just stay with whats been suggested.

Nevertheless, yours as well as any other members feedback is always welcomed.

Cheers,


Darryl
  • #2,660
  • Jun 21, 2009 10:18am Jun 21, 2009 10:18am
thanks paulus for the reply but, we can only use 4h chart in gbpjpy pair?

thanks!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
2 traders viewing now