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EUR/GBP Trendmagic System

  • #3,701
  • Jun 30, 2009 8:12am Jun 30, 2009 8:12am
Quoting redhouse
Wish you would start a thread, Edge. Personally, I can get off track easily after a while and get lost.

A thread dedicated to a single time frame, technique would be beneficial to many here. Know it would help me, provided everyone doesn't go off in several different directions.
Yes, I'd follow a good thread started by Edge too. I think he is full of wit, wisdom and has a lot of good ideas coupled with intelligent investing strategies.
  • #3,702
  • Jun 30, 2009 8:13am Jun 30, 2009 8:13am
Wonderful idea Edge, it would be great to have some focus on one type of trading eg scalping.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #3,703
  • Jun 30, 2009 8:15am Jun 30, 2009 8:15am
Traded on live today, most of the losers were against the trend. Found it difficult to get a decent entry with the trend. Anyone have any other charts of todays activity with entries to compare.
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  • #3,704
  • Jun 30, 2009 8:29am Jun 30, 2009 8:29am
Say, Edge, I seem to be a little confused with the WMA settings. On the 7 and 14 WMA, could you be kind enough to explain them to me? I presume they are 7 period EMA and 14 period EMA, but are they looking at Open Close High Low, etc? Thanks for your help.
  • #3,705
  • Jun 30, 2009 8:45am Jun 30, 2009 8:45am
Edge,
count this as another vote towards you starting a scalping thread, i think it is a good idea. I am using your set up to trade, but my time to trade is not the best time i guess. Asian closed, London already open? My trading times are 10.00 gmt to 14.00 gmt . 9pm to 10pm Perth time.
I do have the wife trading kind of the original set up during the asian session on the gbpusd and the gbpjpy and she is doing better than me!



Quoting Edgetrader
Backtest, forward test, test, test, test, test, test, test, test, test.

Always testing, never trading. Can lead a horse to water but can't make him drink.

Three separate plans within the thread and still some people ask for the setup.

Might start a thread on scalping with a plan. Not sure. To much 'indi envy' here now and absolutely no focus at all.

Try trading a method, ANY method.

Regards.
  • #3,706
  • Jun 30, 2009 8:53am Jun 30, 2009 8:53am
I vote for your new thread as well.

This thread should be retired and when Paulus comes back he can start a new one. Even the name is misleading (and almost caused me not to check in herre) as it says EUR/GBP and practically no one trades that.
Paulus should start a "Paulus New Thread' and Edge, please start your scalping thread.
And people, please go to the threads that have the trading methods you prefer and stop the petty bickering in here about all the silly details.

I swear there are people on this forum that are not traders at all but just have a ton of time on their hands .. some may even be teenagers just getting a kick out of ruffling feathers.
******************* I'd rather make money than be right.
  • #3,707
  • Edited 9:41am Jun 30, 2009 8:56am | Edited 9:41am
Quoting bigjim1958
Hi Folks:
Here's a thought to bring this thread back to it's glory, if anyone is using Paulus' original set up or using TG original indicator, would they be kind enough to post and give us some idea of how things are going? If they showed profit, with some examples, hopefully not just cherry picking good trades, bad ones too, maybe the thread could get back of track. Just my 2 cents, thought it might help.

Jim
I've been trading Paulus' system for about 3 weeks with modest success as detailed by him on page one of this thread together with a couple of confirming signals or system. I'm not a serious trader, I am retired and it's just an occupational hobby for me. I trade a micro account and try to trade in the AM (EST) only.

I have learnt that, for me anyway, it seems to go to profit very quickly and then reverse, again very quickly so one must be ready to pull the trigger immediately and do it. I do not set SLs because, again for me, I have found that they always seem to get taken out. So, instead of an setting an SL if I think it's getting away from me, I just chicken out of the trade. Most often I leave it and it comes right eventually but of course, sometimes I have to capitulate.

I'm not too sure how to paste charts here so I hope you will be able to see this trade on your charts. This AM, using the 5m & 1hr charts, I went short the EU at 13:16 (GMT) @1.4131 and covered @ 13:51 (GMT) @ 1.4117 for 1.40

Good luck to all,

PH
  • #3,708
  • Jun 30, 2009 9:16am Jun 30, 2009 9:16am
Backtest this system on demo, it's really "Simple" like what Paulus had mention before. Still need to try a few more trades to get use to it before go Live trading.

Phew, it's really take me sometime to read from the 1st page to the last page, if I'm not wrong, Tudor Girl is creating an indicator for this that have email alert?? Can someone confirm it?? Really would like to have this email alert to inform me when I'm working.

I do hope that Paulus would post more trade & summarise his trade on this setup in a pdf file or something as it's really very tedious to go
through all the pages here for newbies like me.
  • #3,709
  • Jun 30, 2009 9:21am Jun 30, 2009 9:21am
Quoting enewbold
Say, Edge, I seem to be a little confused with the WMA settings. On the 7 and 14 WMA, could you be kind enough to explain them to me? I presume they are 7 period EMA and 14 period EMA, but are they looking at Open Close High Low, etc? Thanks for your help.
If on a MT4 platform, the MA should be LINEAR WEIGHTED with WEIGHTED CLOSE.

You are showing EXPONENTIAL ma's.

What platform do you use?
  • #3,710
  • Jun 30, 2009 9:24am Jun 30, 2009 9:24am
With most of the really serious players having deserted this thread (for the time being at least), it would be very educational to have an Edge scalping thread if possible.

Using your methods Edge, I've yet to encounter a day where my targets were not met. I'm sure many of us who have a serious interest in advancing our knowledge and skills would benefit from such a thread.
  • #3,711
  • Jun 30, 2009 9:30am Jun 30, 2009 9:30am
Quoting Yidrasil
With most of the really serious players having deserted this thread (for the time being at least), it would be very educational to have an Edge scalping thread if possible.

Using your methods Edge, I've yet to encounter a day where my targets were not met. I'm sure many of us who have a serious interest in advancing our knowledge and skills would benefit from such a thread.

That's a good idea. Edge start a new thread! Let's start a fresh!
  • #3,712
  • Jun 30, 2009 9:32am Jun 30, 2009 9:32am
Quoting Edgetrader
Backtest, forward test, test, test, test, test, test, test, test, test.

Always testing, never trading. Can lead a horse to water but can't make him drink.

Three separate plans within the thread and still some people ask for the setup.

Might start a thread on scalping with a plan. Not sure. To much 'indi envy' here now and absolutely no focus at all.

Try trading a method, ANY method.

Regards.
My computer is constantly backtesting but I trade everyday. In fact, if it wasn't for my testing I would never have known to short (today) the Light crude at 72.8.
  • #3,713
  • Jun 30, 2009 9:34am Jun 30, 2009 9:34am
Admin pleeease close this thread because i am addicted to it unfortunately. If it stays open, i'll have to read every new BS written by some wannabe traders

So please Admins close the thread.

Thanks !

tex

P.S. I would vote for an FlyingDawg Scalping thread
  • #3,714
  • Jun 30, 2009 9:38am Jun 30, 2009 9:38am
Quoting notch
That's a good idea. Edge start a new thread! Let's start a fresh!
Is under strong consideration. I cannot have it interferring with my own trading though as you can understand.

Am going to be looking for a couple of well qualified traders to assist with thread focusing. (i.e. NO DEVIATIONS FROM THE PLAN).

Do not care whether they use candles, renko, bar, or friggen pasties, but there will be NO deviation from a 5M TF.

Interested in a position?
  • #3,715
  • Jun 30, 2009 9:39am Jun 30, 2009 9:39am
Quoting tex
Admin pleeease close this thread because i am addicted to it unfortunately. If it stays open, i'll have to read every new BS written by some wannabe traders

So please Admins close the thread.

Thanks !

tex

P.S. I would vote for an FlyingDawg Scalping thread
Well, best stay tuned. He will be around.
  • #3,716
  • Jun 30, 2009 9:40am Jun 30, 2009 9:40am
Quoting Edgetrader
Well, best stay tuned. He will be around.
I know i am in touch with him via e-mail
  • #3,717
  • Jun 30, 2009 9:48am Jun 30, 2009 9:48am
Quoting notch
My computer is constantly backtesting but I trade everyday. In fact, if it wasn't for my testing I would never have known to short (today) the Light crude at 72.8.
Testing in the 'background' is understandable. We both are aware that new ideas are formulated on a back burner.

Sitting and backtesting or forward testing during premium market trading times is another story.

Notch, I think we each could provide backtesting results for alot of these folks in a matter of seconds to a couple of hours based on the testing peramaters.

None here are going to make a dime doing that muck and grind testing as they currently are. I simply do not think they are situated to do both.

So, I guess that they need to have a little faith here. If i (we) tell them a 5m plan traded at appropriate times has a 70% w/l %, a 1.5 PE and and max drawdown of $300 on a daily basis, then that is exactly what it has.

In short, I want to see trading, not testing here. The work in the back office is already complete. Once they make a bit of bling consistently, they can test until their hearts content.

Regards.
  • #3,718
  • Jun 30, 2009 9:52am Jun 30, 2009 9:52am
Pretty hard to miss the 5M trades as long as you are with the dominant trend.

1H on top.

5m below.

Not great PA today but enough to make 1 or 2 trades and be up 30 - 40 pips and DONE. It ain't an endurance competition.
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  • #3,719
  • Jun 30, 2009 9:52am Jun 30, 2009 9:52am
Hi guys just a quick question. Could someone please post that "technique scalping..." indicator.
  • #3,720
  • Jun 30, 2009 9:58am Jun 30, 2009 9:58am
5min Scalping on EU, GU , EJ

I use smFiscer 18periods + HG001 + TM + 7/14 WMA....and it seems working!
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