EUR/GBP Trendmagic System | Page 177 | 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

  • #3,521
  • Jun 29, 2009 8:10am Jun 29, 2009 8:10am
Quoting flyingdawg
Anne, I highly respect the work you have done and are continuing to do and thank you for that. However, I respectfully disagree with you that Renko is a diversion from anything here. First, what is the purpose here anymore? This thread has gone off in multiple directions, including your own diversion to the 1 hour charts. If I recall, this thread started as Trend Magic on the EUR/GBP with Paulus using it on the 5 minute charts. So many diversions have occurred here but some have been very, very valuable diversions, including Edge's work. And Edge...
Flyingdawg

I agree completely with what you say. But you have thought the whole thing through and realised that you needed something to psychologically shield you from fast PA and you found a solution. Excellent. I am pleased.

What most are doing here is jumping from idea to idea to idea without giving any system a full month, as Edge has often advised. If that is the approach of many traders, Renko will not help them. Next week they will abandon it for the latest gizmo.

But it will sure help the bank account of the author!!

Anne
  • #3,522
  • Jun 29, 2009 8:10am Jun 29, 2009 8:10am
The attached chart shows the system working really well at keeping me out of losers (of course, it's not always this perfect). Of those last 5 blue arrows, only the last one had all indicators in agreement at the time of the close of the accompanying bar. The third arrow looks like it did but that is due to repainting, and if you had entered on that bar, you still had a winning trade. I took 20 pips and exited. I don't intend to post anything else because I don't want to be a diversion. If anything I posted helped anyone, then I am happy about that.
Attached Image (click to enlarge)
Click to Enlarge Name: third renko bars on gu july 29.gif Size: 20 KB
  • #3,523
  • Jun 29, 2009 8:14am Jun 29, 2009 8:14am
Quoting flyingdawg
I hate to post anything here because of the crap you have to put up with but these charts show what is working for me. At the 3/5 blue crossover arrows, I want the TM and all four lower indicators to be the same color. If so, I enter and stay until I reach the take profit I want or get a strong exit signal, usually a change of color on TM (set to 10/20 per Edge)....
Great charts, BTW: How did you get the label into the smFisher indi?

Regards
/ ... clarifying decisions ... /
  • #3,524
  • Jun 29, 2009 8:24am Jun 29, 2009 8:24am
Quoting gillybabe
Wow. What has happened to this thread. It started off being fantastic - now it just seems to be ego bashing! All I can say is thanks to the sensible ones here for staying through this bs.
Gillybabe,

I have a simple explanation. Look at the Market activity chart attached.

There are no key fundamental drivers today, it is approaching month end/quarter and it is Monday! So there are lots of opportunities to get bored/frustrated, place a few losing trades, get whipsawed etc.

If you look at the amount of negative posts during the period the blue ATR (6) is below red ATR (15) , you will probably be able to figure out a direct correlation
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Jun. 29 15.14.gif Size: 15 KB
" Never let the past hold the future to ransom "
  • #3,525
  • Jun 29, 2009 8:27am Jun 29, 2009 8:27am
If you are talking about the "trend flat" label, that is automatically put there when I attach the THV trend indicator (from the FF THV thread). Ignore it completely.

Also, someone mentioned that I was using a "2 minute chart." That is not technically correct. With Renko bars, time is irrelevant. The bars on the GU are 5 pips (my choice-you can set it to whatever number of pips you want) each and a new bar appears only after that much price movement occurs either above or below the last bar. So a bar might appear in a matter of seconds or take 20 minutes or more is PA is slow. The 2 minute chart is what is used to show the Renko bars on the charts but that time frame is completely irrelevant to anything; just pretend that it's not even there.
  • #3,526
  • Jun 29, 2009 8:28am Jun 29, 2009 8:28am
Glen. I love it - why did I not think of that
  • #3,527
  • Jun 29, 2009 8:33am Jun 29, 2009 8:33am
Gleneagles, your post demonstrates part of what is so intriguing and mind boggling about forex trading. You don't like the PA today with your method, which clearly is a highly, highly successful method that makes you a good income. But my method worked perfectly today during all of Asia, Euro, London, and into the US session, as shown by my posted charts. So how does anyone explain to a new trader how they should trade? It's a crazy world, this forex trading.
  • #3,528
  • Jun 29, 2009 8:43am Jun 29, 2009 8:43am
Quoting flyingdawg
Gleneagles, your post demonstrates part of what is so intriguing and mind boggling about forex trading. You don't like the PA today with your method, which clearly is a highly, highly successful method that makes you a good income. But my method worked perfectly today during all of Asia, Euro, London, and into the US session, as shown by my posted charts. So how does anyone explain to a new trader how they should trade? It's a crazy world, this forex trading.
If it works for you then it is the right way to trade, I just posted the chart to have a little dig at all the negativity that will ruin what used to be a very constructive forum.

We all have to trade in our own little comfort zones.
" Never let the past hold the future to ransom "
  • #3,529
  • Jun 29, 2009 8:48am Jun 29, 2009 8:48am
Quoting Edgetrader
Wow!

Two weeks ago, Anne was a goddess, now she is some kind of bitch? Anne, I warned you early on to tread lightly in FF, remember?

Speaking of this being Paul's thread, did you happen to notice his NON-PARTICIPATION lately? Why do you think that is? Seems Paul is smarter than all as he stays out of harms way.
Yoiu are right, as ever, Edge. Paulus is indeed staying out of the way but I am in touch with him. I will return to the closed group and focus efforts there for the time being.

Anne
  • #3,530
  • Jun 29, 2009 8:49am Jun 29, 2009 8:49am
Glen, well if you or anyone else can help to drive away the negative vibes in here, you will be my new hero. It was so bad today I was ready to close Forex Factory and never open it again, but then I stopped and thought of how much valuable information has been posted here by so many people and decided to try to hold out until the naysayers get bored here and move on. I hope the many positive contributors here will do the same and stick with this thread.
  • #3,531
  • Jun 29, 2009 9:01am Jun 29, 2009 9:01am
Tudor Girl can you try and send me an email now. My account ON FF needed a new e-mail I have not updated it and it was an old e-mail address.

You should be okay now to respond back. Thanks.
  • #3,532
  • Jun 29, 2009 9:05am Jun 29, 2009 9:05am
Quoting TudorGirl
Wow! I wish I was as good at predicting PA as at the predicting the next diversion from the business at hand!!

Looks like the diversion du jour is indeed Renko!

Anne

P.S. If you do want the Renko, they BUY IT. Otherwise you are STEALING and that is a crime that I am sure both the admin of this forum and the relevant authorities will be interested in. Flyingdawg is honest - you should all be too.
Do you speak about stealing?????You have stolen bluto's code of volvox engine indicator(maurauder indicator's core)and you have renamed tudorgirls vorticity!!!!
  • #3,533
  • Jun 29, 2009 9:07am Jun 29, 2009 9:07am
Anne,
Is there would be a possability to join H1 group? Normally I would sant You a PM with this qestion, but seems You have PM's turned off. If no, could you tell me if that H1 system will be realased when rdy here on FF? Thanks
  • #3,534
  • Jun 29, 2009 9:10am Jun 29, 2009 9:10am
hello, a question please

with the ATR on the charts, what input number would be good for the m5 timeframe to see if there is enough movement to scalp the 10 pips?
  • #3,535
  • Jun 29, 2009 9:23am Jun 29, 2009 9:23am
Quoting leledc
Do you speak about stealing?????You have stolen bluto's code of volvox engine indicator(maurauder indicator's core)and you have renamed tudorgirls vorticity!!!!

And "Bluto" has been stealing from 'Popeye" for DECADES and getting the crap kicked out of him for doing so.

ALL of these great indi's and codes are free to be had. If someone really thinks they have designed and developed the ultimate indi, then patent it and market such.

To simply claim ownership and provide it FREE to the FF followers proves only that they live in the universe of the galactically stupid!!!!

I have heard of no suits being filed or FF admin admonishments for ANY such actions. Geez, enough already!!

Next thing we will hear is that I stole Renko from Japan and was given HA as a bonus for superior espionage efforts. Not only that, I will have copyright issues with TRIX for stealing the name from a cereal company.
  • #3,536
  • Jun 29, 2009 9:24am Jun 29, 2009 9:24am
Quoting kimchikim
hello, a question please

with the ATR on the charts, what input number would be good for the m5 timeframe to see if there is enough movement to scalp the 10 pips?
14 to 20 should do.
  • #3,537
  • Jun 29, 2009 9:25am Jun 29, 2009 9:25am
Quoting Edgetrader
And "Bluto" has been stealing from 'Popeye" for DECADES and getting the crap kicked out of him for doing so.

ALL of these great indi's and codes are free to be had. If someone really thinks they have designed and developed the ultimate indi, then patent it and market such.

To simply claim ownership and provide it FREE to the FF followers proves only that they live in the universe of the galactically stupid!!!!

I have heard of no suits being filed or FF admin admonishments for ANY such actions. Geez, enough already!!

Next thing...
What are you saying????Bah:the only stupid are you with your answer...
  • #3,538
  • Jun 29, 2009 9:26am Jun 29, 2009 9:26am
Quoting flyingdawg
The attached chart shows the system working really well at keeping me out of losers (of course, it's not always this perfect). Of those last 5 blue arrows, only the last one had all indicators in agreement at the time of the close of the accompanying bar. The third arrow looks like it did but that is due to repainting, and if you had entered on that bar, you still had a winning trade. I took 20 pips and exited. I don't intend to post anything else because I don't want to be a diversion. If anything I posted helped anyone, then I am happy about that....
Flyingdawg. What puts those little blue arrows on your charts pls?
  • #3,539
  • Jun 29, 2009 9:27am Jun 29, 2009 9:27am
Quoting flyingdawg
Glen, well if you or anyone else can help to drive away the negative vibes in here, you will be my new hero. It was so bad today I was ready to close Forex Factory and never open it again, but then I stopped and thought of how much valuable information has been posted here by so many people and decided to try to hold out until the naysayers get bored here and move on. I hope the many positive contributors here will do the same and stick with this thread.
I never bothered to participate in threads on FF before because a lot of them is a waste of time IMO. I liked what I saw in this thread. It looked worthwhile to at least try it and share my opinion/impression as another viable trading system.

A lot of good stuff is available on this thread but it is up to each individual how he/she uses it.

Unfortunately with trading, people and personalities are involved. Trading should be a buy/sell business and not a personal issue where every trade is a matter of life and death. We all have a common goal or destination, how we get there is once again a personal choice.

With so many different combinations/permutations available, it probably makes sense if the different styles and preferences group together. Possibly another thread, I am not sure.

Whatever happens down the road, it will be a pity if the thread will degenerate into something negative and counter-productive, it is up to all the traders that are serious about trading to make sure it does not happen.
" Never let the past hold the future to ransom "
  • #3,540
  • Jun 29, 2009 9:36am Jun 29, 2009 9:36am
Hey edge what kind of indicators are you using and what are the setting?..Thanks for ur hard work on here.
Quoting Edgetrader
Setup is fine. Trade was countertrend to 1H (see chart) but a good set up short none the less.
Careful here as PA is again slow as previously mentioned. She is consolidating a bit on the 5M.

Regards.
4 traders viewing now