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

  • #3,101
  • Jun 25, 2009 4:57am Jun 25, 2009 4:57am
Quoting Gleneagles
I have not used the Trix before and figured that there may be more than one way to trade it. It looked good on day one because of decent PA but GBPJPY beat me up a few times yesterday ( wrong day to trade )

Will fiddle with it again next week if I get a chance.

I will try the attached version of the trix indicator.
Settings 2 and 8, count bars 1500: charts look as attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trix1.jpg Size: 283 KB
Click to Enlarge Name: trix2.jpg Size: 292 KB
Attached File(s)
File Type: mq4 TRIX.mq4   5 KB | 512 downloads
  • #3,102
  • Jun 25, 2009 5:05am Jun 25, 2009 5:05am
Quoting Kosomolate
Hi all

EURGBP 5min, original indicators, original rules as in post #1

Buy EG @ 0.84905
Exit @ 0.85440

EG +54 green pips

kos
May I have some clarification as to why you took this trade. I am under the impression we are to wait for the 5 min indicator to make a pullback in color then resume its original color only after the 1HR indicator and the 15min/ 30 min indicator have remained constant. As I am confused now.
  • #3,103
  • Jun 25, 2009 5:19am Jun 25, 2009 5:19am
Quoting stroker70
May I have some clarification as to why you took this trade. I am under the impression we are to wait for the 5 min indicator to make a pullback in color then resume its original color only after the 1HR indicator and the 15min/ 30 min indicator have remained constant. As I am confused now.
The color has no meaning. Question is whether price is above or below the line, my opinion. 4h,1h, 15min and 5min - TF have to confirm each other.
/ ... clarifying decisions ... /
  • #3,104
  • Jun 25, 2009 5:20am Jun 25, 2009 5:20am
Quoting globalinvest
I will try the attached version of the trix indicator.
Settings 2 and 8, count bars 1500: charts look as attached.

Looks good to me, keep a record of your trades and share your findings with us!
" Never let the past hold the future to ransom "
  • #3,105
  • Jun 25, 2009 5:25am Jun 25, 2009 5:25am
Quoting Gleneagles
Looks good to me, keep a record of your trades and share your findings with us!
Will do !
  • #3,106
  • Jun 25, 2009 5:29am Jun 25, 2009 5:29am
Quoting stroker70
May I have some clarification as to why you took this trade. I am under the impression we are to wait for the 5 min indicator to make a pullback in color then resume its original color only after the 1HR indicator and the 15min/ 30 min indicator have remained constant. As I am confused now.
Don't be confused..... Take a look at both of his charts again.
Notice there is a light blue rectangle.... that probably marks out part of the "No Trade" Asia session... and so as the London Euro session begins....
He probably looked back to see what had been happening on the 5m, 15m, 30m and saw that there was a signal just a some bars back...
And consider the signal still as a valid signal and therefore took it...

At least that is what I see him probably doing...
  • #3,107
  • Jun 25, 2009 5:36am Jun 25, 2009 5:36am
Hi stroker

dont be confused. look at my charts very well. My trade judgement are based heavily on HG_0001a, and I rely on the HG_0001a MTF to see the trend on the other timeframes

I found the HG_0001a very reliable and does not repaint

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,108
  • Jun 25, 2009 6:14am Jun 25, 2009 6:14am
Quoting Kosomolate
Hi stroker

dont be confused. look at my charts very well. My trade judgement are based heavily on HG_0001a, and I rely on the HG_0001a MTF to see the trend on the other timeframes

I found the HG_0001a very reliable and does not repaint

kos
yes its agood indi see how good it match my 50 ema
Attached Image (click to enlarge)
Click to Enlarge Name: 50.gif Size: 57 KB
  • #3,109
  • Jun 25, 2009 6:24am Jun 25, 2009 6:24am
Hi, everybody!

I'm relatively new to trading and have been following this thread for a few days now. First of all I want to thank all the main contributors to this post for the simple strategy the've developed.

I've a question regarding S&R levels. Where can I find some information on how to effectively follow them and understand what they mean when I'm looking at my price chart? What indi's would you recommend?

Thank You!
  • #3,110
  • Jun 25, 2009 6:45am Jun 25, 2009 6:45am
Quoting nuancom
yes its agood indi see how good it match my 50 ema
If it match perfectly your color 50 ema, it only means there is no use for it.
50 ema gives you the same information plus more - which is angle of slope and position towards current price.
  • #3,111
  • Jun 25, 2009 6:46am Jun 25, 2009 6:46am
Quoting Zazm
Greetings to everything, can lay out the indicator which at you on a sreen in the form of MACD, to you I will be grateful very much.


you may download from post # 2738..
cUcUaJiKOLA
  • #3,112
  • Jun 25, 2009 7:05am Jun 25, 2009 7:05am
Glen
Thanks for your response. I was afraid that that would be the response - no substitute for paying attention. I monitor 4 pairs - perhaps I should only watch 2. As an architect using CAD I am accustomed to watching a screen all day (and half the night at times!!).
Any advice on improving the golf handicap would be welcome!
Karl aka scartree
  • #3,113
  • Jun 25, 2009 7:11am Jun 25, 2009 7:11am
The stocastic bar (that Paulus posted last week) and the HV combo are simply a devastating YES devastating scalping combination on the 1m or 5m. DEVASTATING!
  • #3,114
  • Jun 25, 2009 7:28am Jun 25, 2009 7:28am
Hey Notch,

Would you mind posting a chart and confirm settings. I have loaded the stochastic bars and run with HV, but don't see the combo of them clearly.

My chart is producing mainly yellow bars, and very few blue and red matching up to HV. Just wondering if I have something wrong ?

Thanks for your help.


The stocastic bar (that Paulus posted last week) and the HV combo are simply a devastating YES devastating scalping combination on the 1m or 5m. DEVASTATING![/quote]
  • #3,115
  • Jun 25, 2009 7:30am Jun 25, 2009 7:30am
Do you man devestatingly good or devestatingly disastrous?
  • #3,116
  • Jun 25, 2009 7:32am Jun 25, 2009 7:32am
Quoting FXreds
Hey Notch,

Would you mind posting a chart and confirm settings. I have loaded the stochastic bars and run with HV, but don't see the combo of them clearly.

My chart is producing mainly yellow bars, and very few blue and red matching up to HV. Just wondering if I have something wrong ?

Thanks for your help.


The stocastic bar (that Paulus posted last week) and the HV combo are simply a devastating YES devastating scalping combination on the 1m or 5m. DEVASTATING!
[/quote]


PLEASE REFER TO PAULUS'S POST FOR SETTINGS ETC.

DEVASTATINGLY GOOD.
  • #3,117
  • Jun 25, 2009 7:40am Jun 25, 2009 7:40am
I have tested the idea some days before and I think the exits which are a combination of rsi and ema cross comes way too late.
  • #3,118
  • Jun 25, 2009 7:42am Jun 25, 2009 7:42am
Quoting MCFly
I have tested the idea some days before and I think the exits which are a combination of rsi and ema cross comes way too late.

Well maybe you should pick a TP level like most scalping systems.
  • #3,119
  • Jun 25, 2009 7:48am Jun 25, 2009 7:48am
Thanks Notch,

Got the settings as per Paulus post, but still don't see things lining up clearly. As per Paulus settings I have used the following

5
3
3
60
40

MA Type 0
Type Price 0

Colours
None
Blue
Red

Are you getting matching red to red and blue to blue with HV ? Mine is not giving clear signal.

Cheers.


PLEASE REFER TO PAULUS'S POST FOR SETTINGS ETC.

DEVASTATINGLY GOOD.[/quote]
  • #3,120
  • Jun 25, 2009 7:50am Jun 25, 2009 7:50am
Quoting FXreds
Thanks Notch,

Got the settings as per Paulus post, but still don't see things lining up clearly. As per Paulus settings I have used the following

5
3
3
60
40

MA Type 0
Type Price 0

Colours
None
Blue
Red

Are you getting matching red to red and blue to blue with HV ? Mine is not giving clear signal.

Cheers.


PLEASE REFER TO PAULUS'S POST FOR SETTINGS ETC.

DEVASTATINGLY GOOD.
[/quote]


When the HV is red and the stoc turns red sell and vice versa. Like just now on the eurusd at HV blue and stoc is blue. 1.39111.
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