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Attachments: EUR/GBP Trendmagic System
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EUR/GBP Trendmagic System

  • #2,741
  • Jun 22, 2009 10:49am Jun 22, 2009 10:49am
Im currently short GBPJPY 1min from 157.06

will post my close when it happens

P
  • #2,742
  • Jun 22, 2009 10:52am Jun 22, 2009 10:52am
Ok, here is the 5m chart I am using for GU, EU and EG .. I have sworn off the GY for the moment.

I like this setup and it signaled 3 nice entries for the GU today. RSI is set to 6 and the top indicator is the TRIX with settings recommended by Edge .. it works OK and is a bit 'cleaner' than the FT. The 2 green ma lines are the 14 (thin) linear weighted & weighted close as per Edge and the thicker green line is the T3 which I find mimics the 14 very well .. I am deciding which I prefer.
******************* I'd rather make money than be right.
  • #2,743
  • Jun 22, 2009 10:53am Jun 22, 2009 10:53am
ooops hit the wrong button, here is the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
******************* I'd rather make money than be right.
  • #2,744
  • Jun 22, 2009 10:58am Jun 22, 2009 10:58am
closed 156.70

P
  • #2,745
  • Jun 22, 2009 11:01am Jun 22, 2009 11:01am
Here is template for above chart if anyone interested.
Attached File(s)
File Type: tpl 5 minwin.tpl   12 KB | 512 downloads
******************* I'd rather make money than be right.
  • #2,746
  • Jun 22, 2009 11:02am Jun 22, 2009 11:02am
Quoting Paulus
closed 156.70

P
One day I hope to trade the guppy that way ... but for now, she just bites me!
******************* I'd rather make money than be right.
  • #2,747
  • Edited 11:53am Jun 22, 2009 11:04am | Edited 11:53am
GJ

Long 156.73

last 2 +36 +14 = 50

currently short from 156.80

p
  • #2,748
  • Jun 22, 2009 11:06am Jun 22, 2009 11:06am
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...
Hy Edge !

Just had a bad day with the eur/usd, but I got 10 pips

About the RSI(6) , the OB/OS limits are at 55/45 ?

I will try RSI tomorow, couse as I sow in your charts is more reliable.Less trades, but more secure. But I will see more tomorow...


Thx !
  • #2,749
  • Jun 22, 2009 11:09am Jun 22, 2009 11:09am
Quoting 4xStar
ooops hit the wrong button, here is the chart:
Pretty good chart visual.

Perhaps a couple of redundant indi's there but confirmation on multiple indi's is an item many look for. Which idi is the actual trigger?

Thx
  • #2,750
  • Jun 22, 2009 11:15am Jun 22, 2009 11:15am
can any one post an indicator for an MA cross where I can set the MA type and length

Cheers

Paulus
  • #2,751
  • Jun 22, 2009 11:17am Jun 22, 2009 11:17am
Quoting FX_N00b
Hy Edge !

Just had a bad day with the eur/usd, but I got 10 pips

About the RSI(6) , the OB/OS limits are at 55/45 ?

I will try RSI tomorow, couse as I sow in your charts is more reliable.Less trades, but more secure. But I will see more tomorow...


Thx !
Am finalizing my own plan also. Am ZVZERY keen on going after +5's with larger lot sizes though. Will also see what tomorrow brings.
  • #2,752
  • Jun 22, 2009 11:27am Jun 22, 2009 11:27am
Quoting Edgetrader
Am finalizing my own plan also. Am ZVZERY keen on going after +5's with larger lot sizes though. Will also see what tomorrow brings.

This is what i am trying to do for a long time. Get a sure 5pips and grow the value/pip. And this system seems to get me closer
Anyway I don't want to expose my account too much so for this week I will try this on demo.

Can you please tell me if I am using the right levels for RSI ? OB/OS = 55/45 ?


Thx !
  • #2,753
  • Jun 22, 2009 11:29am Jun 22, 2009 11:29am
Quoting Paulus
can any one post an indicator for an MA cross where I can set the MA type and length

Cheers

Paulus
Hope this helps.
Somewhere I think I have a 3 MA Crossover. But have to look for it if you need one.

D.
Attached File(s)
File Type: mq4 2MA Crossover.mq4   8 KB | 551 downloads
  • #2,754
  • Jun 22, 2009 11:34am Jun 22, 2009 11:34am
Quoting FX_N00b
This is what i am trying to do for a long time. Get a sure 5pips and grow the value/pip. And this system seems to get me closer
Anyway I don't want to expose my account too much so for this week I will try this on demo.

Can you please tell me if I am using the right levels for RSI ? OB/OS = 55/45 ?


Thx !
Yeah, that looks pretty good.
  • #2,755
  • Jun 22, 2009 11:50am Jun 22, 2009 11:50am
Quoting Edgetrader
Pretty good chart visual.

Perhaps a couple of redundant indi's there but confirmation on multiple indi's is an item many look for. Which idi is the actual trigger?

Thx
The Voracity is used for exits (or to help with exits), the RSI behind it isto confirm strength of move .. when it pops up above or below Voracity it is showing some strength. I like that visual
For a trigger ... I guess it would be the TM moving down for a short or up for a long (from vertical). Or all 3 (TM, TRIX & HG) confirming.
I don't think I have it as clear-cut as primer - trigger yet .. but I know I should.
******************* I'd rather make money than be right.
  • #2,756
  • Jun 22, 2009 11:52am Jun 22, 2009 11:52am
closed 153.87

P
  • #2,757
  • Jun 22, 2009 12:03pm Jun 22, 2009 12:03pm
Quoting Edgetrader
Yeah, that looks pretty good.
Edge thanks again for posting template but I think that is wrong one. Please check the link to your post
Can you provide this one? because I have such a view.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 15 KB
The Road appears under the steps of walking men...
  • #2,758
  • Jun 22, 2009 12:15pm Jun 22, 2009 12:15pm
Quoting Paulus
closed 153.87

P
Great Work Sir.

I think it is right time to finalise 1m entry and exit rules. I am sorry if your already did so. But I was not able to find one. Thanks
Make money Not pips
  • #2,759
  • Jun 22, 2009 12:17pm Jun 22, 2009 12:17pm
Quoting 4xStar
The Voracity is used for exits (or to help with exits), the RSI behind it isto confirm strength of move .. when it pops up above or below Voracity it is showing some strength. I like that visual
For a trigger ... I guess it would be the TM moving down for a short or up for a long (from vertical). Or all 3 (TM, TRIX & HG) confirming.
I don't think I have it as clear-cut as primer - trigger yet .. but I know I should.
VORACITY ! That's sounds good
  • #2,760
  • Jun 22, 2009 12:28pm Jun 22, 2009 12:28pm
Quoting notch
First trade of the day.
Well I hit my 50 pip target (live trades) with the very first trade but have been plagued with broadband issues for most of the day so I have been on the sidelines unable to paper trade.
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