EUR/GBP Trendmagic System | Page 161 | 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

  • #3,201
  • Jun 25, 2009 5:48pm Jun 25, 2009 5:48pm
Quoting tex
ok guys, seems we have some different setups here :
lets get them in line :
we look @

- TF 5M
- 14MA Linear weighted with weighted close
- TRIX Indicator Settings Period 3, Signal Period 1, False, 1500, Color Red Others Black
- StochBars Indicator Settings look Post #3189 by Paulus.
Hi Tex, Paulus/Notch will correct me if I'm wrong, but you can't use the settings on the stoch bars that Paulus has given with the above indicators. These are inverted, so from what I can understand, a red bar is signifying the stochastic moving up crossing 60, if at the same bar you get the vorticity turn red, then you short. In other words, stoch getting "overbought" with vorticity signalling a move in the other direction.

That's the way I'm reading it, till corrected.

Regards
Pardy
  • #3,202
  • Jun 25, 2009 5:50pm Jun 25, 2009 5:50pm
Quoting tex
ok edge understood

but heres one last screen of the setting, see the red circles ?

the green lines are good trades for the +10p target or more. the red ones are fail signals. i wonder how it would look like in a choppy market
Well, I did not trade the first red circled long as I had not began trading today as of that time. My first EU trade was the short that followed. Has a range of around 20 pips though, a bit tight but would have lost very little on the trade even if a loser.

Second one is PAST my trading time on a daily basis so I will simply reiterate that a trader needs to trade appropriate times.

Also, I watch 4 pairs at one time. Very little chance ALL will be consolidating during the single most active time of day to trade.

Remember, I trade for a +2% / -4% account net daily. If I get to either I stop trading. Will have far more good days than bad. It is just a simple scalping plan that has a propensity for providing ample opportunity to reach trading objectives. All trades do not win, have posted some losers as well. Just part of trading.

Regards.
  • #3,203
  • Jun 25, 2009 5:52pm Jun 25, 2009 5:52pm
Quoting notch
Where on earth do you get these phrases?
Trying to inject a modicum of levity into these trials and tribulations sessions.
  • #3,204
  • Jun 25, 2009 5:53pm Jun 25, 2009 5:53pm
Hello,

yes you are right. On the last screenshot i didnt swap the colours red/blue i left it default. Sorry i didnt mention that.

Quoting Pardy
Hi Tex, Paulus/Notch will correct me if I'm wrong, but you can't use the settings on the stoch bars that Paulus has given with the above indicators. These are inverted, so from what I can understand, a red bar is signifying the stochastic moving up crossing 60, if at the same bar you get the vorticity turn red, then you short. In other words, stoch getting "overbought" with vorticity signalling a move in the other direction.

That's the way I'm reading it, till corrected.

Regards
Pardy
  • #3,205
  • Jun 25, 2009 6:34pm Jun 25, 2009 6:34pm
So many indi combinations possible here.

If a trader is really interested in 5M trading, this is simply a treasure chest of relatively reliable indicator possibilities.

Have a few primers and triggers to chose from. Good options all!

Toughest part is overthinking the trade. A signal is a signal no matter which you choose here.

Still think a good primer (TGV2, PA moving across WMA, or TM set at 10/20) and a good trigger (Trix, FT, 7 WMA crossing 14 WMA or Stoch. Bars) is all that is needed.

TM, 14WMA, Heiken Ashi and TGV2 all act as trend confirmation tools also, as do a couple others. That will definately benefit the swing traders.

"For toy indi's we prayed ,

They came and we played ,

The time soon approaches ,

When all can just trade!!
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 160 KB
  • #3,206
  • Jun 25, 2009 6:55pm Jun 25, 2009 6:55pm
Something I have been playing with all week and it has been working well
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 25 16.51.jpg Size: 186 KB
  • #3,207
  • Jun 25, 2009 7:33pm Jun 25, 2009 7:33pm
Quoting f4mnect
Something I have been playing with all week and it has been working well
Can you please start a new thread with your entry & exit details?
  • #3,208
  • Jun 25, 2009 8:45pm Jun 25, 2009 8:45pm
Be careful with the Stoch Bars indi used with the HV indi. They are both prone to repaint which can be quite misleading. Eye balling past bars it looks great but in practice, taking the trade as soon as the 2 colours match can be quite different to what will be shown several bars later.

I am paper and demo trading using M5 with just these 2 indis and TM(admittedly on the Asian session which may not be the best time to trade but it suits my time zone!). I will be looking at waiting at least until the bar ends before jumping in. Even then the bars can subsequently change and the indis may reverse their colours.
  • #3,209
  • Jun 25, 2009 8:55pm Jun 25, 2009 8:55pm
went long GU @ 1.6385
target of 50 pips hit
hoping it will reach 1.6525
but 4hgann hi lo seems to be stopping it for now
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 79 KB
  • #3,210
  • Jun 25, 2009 8:57pm Jun 25, 2009 8:57pm
Thanks alot Ozziedave.
Quoting ozziedave
Here is a coloured MA indicator.
  • #3,211
  • Jun 25, 2009 9:01pm Jun 25, 2009 9:01pm
Sorry to say, the combined TG and Vorticity indicator doesn't work. Giving false signals on all time frames. But, thanks for the attempt. Would be nice to have an arrow indicator that matches these two indicators.
  • #3,212
  • Jun 25, 2009 9:02pm Jun 25, 2009 9:02pm
Quoting nuancom
went long GU @ 1.6385
target of 50 pips hit
hoping it will reach 1.6525
but 4hgann hi lo seems to be stopping it for now
nuancom...

You seem to have a good eye for spotting the early trade entires. Gotta be happy you're already up 40+ pips or so. Nice job.

So how do you pick which pair to trade...it looks like you start analyising the pairs around 00 GMT each day. It doesn't look like you waited for the RSX to pullback under the 50 before you entered so do you enter as long as SSL is blue and it breaks TM line?
  • #3,213
  • Jun 25, 2009 9:19pm Jun 25, 2009 9:19pm
Quoting ozziedave
nuancom...

You seem to have a good eye for spotting the early trade entires. Gotta be happy you're already up 40+ pips or so. Nice job.

So how do you pick which pair to trade...it looks like you start analyising the pairs around 00 GMT each day. It doesn't look like you waited for the RSX to pullback under the 50 before you entered so do you enter as long as SSL is blue and it breaks TM line?
i only concentrate on gu and ej
ssl bar is the same as gann hi lo
so if bar stil blue means that it is stil above the gann
  • #3,214
  • Jun 25, 2009 9:27pm Jun 25, 2009 9:27pm
Hey Jazzman..how can i get that indi you are using(stoch bar) ?.
Quoting JazzmanQ2
Nice trade this am. I've been bagging pips like this all week!
  • #3,215
  • Jun 25, 2009 9:32pm Jun 25, 2009 9:32pm
3 trades on ej
1 b/e+1,2 +20 3+20
ej could fall from here or 135 down to 133.50
but lets see
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 85 KB
  • #3,216
  • Jun 25, 2009 9:37pm Jun 25, 2009 9:37pm
Can someone please tell me how can i get the stochastic bar?.
  • #3,217
  • Jun 25, 2009 9:43pm Jun 25, 2009 9:43pm
Quoting stunna29
Can someone please tell me how can i get the stochastic bar?.
post no. 2597
  • #3,218
  • Jun 25, 2009 9:45pm Jun 25, 2009 9:45pm
Quoting TudorGirl
Couldn't fight the entire Swiss Central Bank. I am not George Soros (yet!!!)

Stopped out for +30 on my USDCHF H1 short.

Anne
Soros lost almost every thing made from shorting the GBP (breaking the BOE NOT) the following year. Doesn't publicise that though.

P.S. I have read now EVERY post in this thread!
  • #3,219
  • Jun 25, 2009 9:53pm Jun 25, 2009 9:53pm
Quoting tptrading
Technique Scalping_TF5M -- I can't seem to find this indi in the index, is it named something else.
Regards,
It is Forex Trend fxfariz indicator.

TakeOTW
  • #3,220
  • Jun 25, 2009 9:58pm Jun 25, 2009 9:58pm
can someone help me understand the settings of the 14WMA edge suggests?

please help! what should i use for the following settings when i apply the ma on my chart?

MA METHOD?
APPLY TO?
ANY SHIFT?


thanks a lot, appreciate it.
1 trader viewing now