EUR/GBP Trendmagic System | Page 137 | 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

  • #2,721
  • Jun 22, 2009 7:15am Jun 22, 2009 7:15am
following the first page rules,today till now,5 trades,all stopped out,-140pips
  • #2,722
  • Jun 22, 2009 7:17am Jun 22, 2009 7:17am
Eur/Usd is really a pain this morning.

Gbp/Usd working well just need alot of patience.

Looks like Plan B (Paul) is doing pretty well. Have not checked the 1M setups yet though.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 155 KB
  • #2,723
  • Jun 22, 2009 7:21am Jun 22, 2009 7:21am
Quoting haojzh
following the first page rules,today till now,5 trades,all stopped out,-140pips
This is a tough day to just rely on these indicators. Now matter how powerful these indicators are. PA is still king. Playing S/R trades with these indi's are still proving profitable for me albeit smaller trades.
  • #2,724
  • Jun 22, 2009 7:24am Jun 22, 2009 7:24am
Quoting haojzh
following the first page rules,today till now,5 trades,all stopped out,-140pips
Please post your chart. may somebody may help you. Thanks
Make money Not pips
  • #2,725
  • Jun 22, 2009 7:24am Jun 22, 2009 7:24am
Quoting Edgetrader
Here it is...
Hello Edge!
Can you please post a template to the setup like one in post #2588.
The Road appears under the steps of walking men...
  • #2,726
  • Jun 22, 2009 7:26am Jun 22, 2009 7:26am
Quoting lohad
This is a tough day to just rely on these indicators. Now matter how powerful these indicators are. PA is still king. Playing S/R trades with these indi's are still proving profitable for me albeit smaller trades.
hey lohad buddy hows it going ? still waiting for your .pdf
  • #2,727
  • Jun 22, 2009 7:30am Jun 22, 2009 7:30am
hi lohad,

yepp, me too :-) have downloaded your 1min set up and like it a lot!
  • #2,728
  • Jun 22, 2009 7:34am Jun 22, 2009 7:34am
I worked on it again over the weekend, fine tuning entry rules on simulator. Have all of the information down. But out of respect for this thread. I will be putting this on a different thread. Should be completed today after I am done trading today.
  • #2,729
  • Jun 22, 2009 7:37am Jun 22, 2009 7:37am
Quoting haojzh
following the first page rules,today till now,5 trades,all stopped out,-140pips
Hi Haojzh

pls post the charts of the trades let us see your entry points and your SL and maybe we will see why 5 trades all stopped out

So far I have done 3 trades all good

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,730
  • Jun 22, 2009 7:37am Jun 22, 2009 7:37am
Quoting Soondoock
Hello Edge!
Can you please post a template to the setup like one in post #2588.
OK. Just add the rsi set to 6.
Attached File(s)
File Type: tpl keith.tpl   < 1 KB | 574 downloads
File Type: mq4 Forex Trend fxfariz.mq4   3 KB | 686 downloads
File Type: mq4 TRIX.mq4   5 KB | 576 downloads
  • #2,731
  • Jun 22, 2009 7:46am Jun 22, 2009 7:46am
Quoting Edgetrader
OK. Just add the rsi set to 6.
Thank You Very much!
The Road appears under the steps of walking men...
  • #2,732
  • Jun 22, 2009 7:59am Jun 22, 2009 7:59am
Quoting Kosomolate
Hi Haojzh

pls post the charts of the trades let us see your entry points and your SL and maybe we will see why 5 trades all stopped out

So far I have done 3 trades all good

kos
sorry,my computer network have some problems now,i'll try later,thanks
  • #2,733
  • Jun 22, 2009 8:02am Jun 22, 2009 8:02am
Quoting lohad
I worked on it again over the weekend, fine tuning entry rules on simulator. Have all of the information down. But out of respect for this thread. I will be putting this on a different thread. Should be completed today after I am done trading today.
Could you post a link to your thread. I tried to find it and could not. Sorry
  • #2,734
  • Jun 22, 2009 8:12am Jun 22, 2009 8:12am
Not all that impressed with the MT4 trix. Is adequate but is pretty much the same as the FT or maybe even an RSI.

No point in crowding the charts. The +10 plan is probably best traded with the 14 WMA as the primer, the RSI (6) as the trigger and perhaps the FT as an additional confirmation.

Naturally, everyone will select and apply those indi's that they are comfortable trading with.

In addition, the GbpUsd is, imho, the single best pair to run the +10 plan on. Has exceptional PA qualities and even when consolidating can give the +10 relatively easily.

Should you become really comfortable at trading the +10 method with that pair, prudent trading would dictate that you trade the 5M at +5 levels and increase lot size accordingly. Very high strike rate trading plan. Can easily make goal quickly and move on to other things, like trying other plans and setups.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 141 KB
  • #2,735
  • Jun 22, 2009 8:14am Jun 22, 2009 8:14am
And yes, Eur/Usd at a +5 level with sufficient lot size is equally adept at making profit to the account.
  • #2,736
  • Jun 22, 2009 8:22am Jun 22, 2009 8:22am
Hello All:

I attach an indicator when the Vorticity of TudoGirl change color. This indicator has sound.

Regards.
Attached File(s)
File Type: ex4 Vorticity Signal.ex4   3 KB | 1,207 downloads
  • #2,737
  • Jun 22, 2009 8:26am Jun 22, 2009 8:26am
Edgetrader,

pls what's your Plan A and B?
  • #2,738
  • Jun 22, 2009 8:27am Jun 22, 2009 8:27am
Quoting Edgetrader
Not all that impressed with the MT4 trix. Is adequate but is pretty much the same as the FT or maybe even an RSI.

No point in crowding the charts. The +10 plan is probably best traded with the 14 WMA as the primer, the RSI (6) as the trigger and perhaps the FT as an additional confirmation.

Naturally, everyone will select and apply those indi's that they are comfortable trading with.

In addition, the GbpUsd is, imho, the single best pair to run the +10 plan on. Has exceptional PA qualities and even when consolidating can give the +10 relatively...
where should stop placed?
  • #2,739
  • Jun 22, 2009 8:42am Jun 22, 2009 8:42am
Quoting haojzh
where should stop placed?

Break or close through MA in opposite direction is a pretty good area.
  • #2,740
  • Jun 22, 2009 8:43am Jun 22, 2009 8:43am
Quoting watchout4me
Edgetrader,

pls what's your Plan A and B?
They are in the postings within the thread.

Just review my postings and you will see it.
6 traders viewing now