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EUR/GBP Trendmagic System

  • #3,781
  • Jul 2, 2009 6:25am Jul 2, 2009 6:25am
Quoting iak
OK, so i see the thread is on its last legs!! Before it dies i would just like to let you know that i am trading the edge 10pip plan but a tiny bit differently. if, for example, i am looking at the eur/usd i will have a 1hr chart with heiken ashi and 14wma and 7wma - weighted close on the chart. i have stoch bars set to 5,3,1,60,40 and i have trix 3,1,false,1500.
then i have a 5min chart with the same set up as the 1 hr and also a 1min set up with exactly same paramiters as the 1 hr and the 5min.
ok, my entry for a short: 1hr chart is showing down...

Hy iak !

Thx for the sharing ! I am using also Edge's system so is interesting to see other ideeas too.
And I have the same problem about attaching charts :|

If you have time please tell me about stochastic bars, is it set to 5,3,1,60,40 or is is 50,3,1,60,40 ?

Thx !
  • #3,782
  • Jul 2, 2009 6:38am Jul 2, 2009 6:38am
Quoting FX_N00b
Hy iak !

Thx for the sharing ! I am using also Edge's system so is interesting to see other ideeas too.
And I have the same problem about attaching charts :|

If you have time please tell me about stochastic bars, is it set to 5,3,1,60,40 or is is 50,3,1,60,40 ?

Thx !
Hi there, i have my stoch bars set to (5),3,1,60,40. This was the set up edge left many pages back. it seems pretty good. usually the stochs will change colour first so you have your primer, then just wait til the 1min trix cross the 0 and the wma cross.
  • #3,783
  • Jul 2, 2009 6:46am Jul 2, 2009 6:46am
Here is the link for todays meeting 8:00 am - 4:00 pm 7/2/09

Hope to see you there and we can use these indicators together.

Jon

1. Please join my meeting.
https://www.gotomeeting.com/join/230387211
  • #3,784
  • Jul 2, 2009 6:52am Jul 2, 2009 6:52am
Quoting Mandl2007
@ viocable

Could plz post your KG Target Point indi ?
Hi..here you go...Sorry, I am not on front of my comp for a while.
Attached File(s)
File Type: ex4 #KG Target Points V.1.2.ex4   8 KB | 705 downloads
  • #3,785
  • Jul 2, 2009 7:09am Jul 2, 2009 7:09am
Quoting iak
Hi there, i have my stoch bars set to (5),3,1,60,40. This was the set up edge left many pages back. it seems pretty good. usually the stochs will change colour first so you have your primer, then just wait til the 1min trix cross the 0 and the wma cross.

Thx !
I'll give it a shot !

One more thing, you are hunting 5 pips per trade, it means that you take 5 pips + spread ? And how much is that spread ?
  • #3,786
  • Jul 2, 2009 7:13am Jul 2, 2009 7:13am
Quoting Ozz
Here they are.

What are you gauging with the 60 and 200 MA? How does this help you.

Thanks

Marlow
Market Makers are the best
  • #3,787
  • Jul 2, 2009 7:54am Jul 2, 2009 7:54am
Quoting iak
OK, so i see the thread is on its last legs!! Before it dies i would just like to let you know that i am trading the edge 10pip plan but a tiny bit differently. if, for example, i am looking at the eur/usd i will have a 1hr chart with heiken ashi and 14wma and 7wma - weighted close on the chart. i have stoch bars set to 5,3,1,60,40 and i have trix 3,1,false,1500....
IAk,
Do you also have the trix on the 1 hr chart below 0 as well before you jump in for a short. Or is just down coloured heiken ashi.?

thanks for posting.
  • #3,788
  • Jul 2, 2009 8:08am Jul 2, 2009 8:08am
Quoting Marlow Yip
What are you gauging with the 60 and 200 MA? How does this help you.

Thanks

Marlow
I use this from another system for trend confirmation, 60 above 200 long, short is opposite. Price should bounce off the 60 when trending.
  • #3,789
  • Jul 2, 2009 8:12am Jul 2, 2009 8:12am
hello traders..

is there now a tudorgirl hydrodynamic vorticity that doesn't repaint ?

thanks..
  • #3,790
  • Jul 2, 2009 9:22am Jul 2, 2009 9:22am
Searched the site and can't find an alert to Trix 5,3,1,60,40 cross zero. Does anybody have one, or an alert that would trigger close to this cross?

Regards,
Tony
  • #3,791
  • Jul 2, 2009 10:40am Jul 2, 2009 10:40am
Quoting FX_N00b
Thx !
I'll give it a shot !

One more thing, you are hunting 5 pips per trade, it means that you take 5 pips + spread ? And how much is that spread ?
Hi there, i mainly trade eur/usd. spread with oanda (my broker) is usually just 1 pip during gmt. I use free metatrader charts from metacorp or summit like. I tend to just go after 5 pips so i guess really i am only taking 4. if i had a brain i would go after 6!! lol, prob do that from now on.
  • #3,792
  • Jul 2, 2009 10:51am Jul 2, 2009 10:51am
Quoting terminex
IAk,
Do you also have the trix on the 1 hr chart below 0 as well before you jump in for a short. Or is just down coloured heiken ashi.?

thanks for posting.
Hi, I will just go with the coloured heiken ashi as this will give me the trend for the last hour. however, i am quite new to this so it may be that waiting for the trix to go below or above 0 may be safer. Will keep an eye on what trades i am making and what the 1hr trix is doing. this afternoon i have made a few shorts on eur/usd and they have been successful. the trix has been below 0 on the 1 hr and also the wma 7 has crossed the 14 on the 1 hr. As long as the 5min is behaving as described by edge then i just keep an eye on the 1min. If 5min is lined up i just wait for a counter on the 1min and then for the 1min to then go back down below trix with crossed wma and i pull the trigger. It may be that these are just lucky trades or conditions are just right at mo but will keep you posted. i prob gunna have a target of about 50/60 pips a day then rest my eyes!
  • #3,793
  • Jul 2, 2009 10:57am Jul 2, 2009 10:57am
These are the pairs I watch on the 1H.

I take the 5M trades in direction of the 1H trend at +10 levels.

Same EXACT setup on the 5M.

You will win far more than you lose.

Easy scalping there.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 212 KB
  • #3,794
  • Jul 2, 2009 11:02am Jul 2, 2009 11:02am
Quoting Edgetrader
These are the pairs I watch on the 1H.

I take the 5M trades in direction of the 1H trend at +10 levels.

Same EXACT setup on the 5M.

You will win far more than you lose.

Easy scalping there.

Regards.
Do you apply the following rules?:

balle1973

http://www.forexfactory.com/images/icons/icon1.gif This is how I trade Edge's Plan.
Hi all

1. I switch my 5m chart to 1H chart and draw a vertical line when trix goes above or below zero. If trix is above zero I will only take long trades on 5m.
2. Now I switch to 5m and start taking trades in the direction of 1H until trix crosses again on 1H.

Attaching charts for visual confirmation and for Edge to have a look at it.

Thanks
  • #3,795
  • Jul 2, 2009 11:02am Jul 2, 2009 11:02am
Attached Image (click to enlarge)
Click to Enlarge Name: screen set up.gif Size: 86 KB


currently countertrending on 5 and 1min. clear short on 1hr. just gotta wait for 5 and 1 to come back down
  • #3,796
  • Jul 2, 2009 11:20am Jul 2, 2009 11:20am
Quoting iak
Hi there, i mainly trade eur/usd. spread with oanda (my broker) is usually just 1 pip during gmt. I use free metatrader charts from metacorp or summit like. I tend to just go after 5 pips so i guess really i am only taking 4. if i had a brain i would go after 6!! lol, prob do that from now on.

Lol ! I have 3 pips spred on eur/usd :|

Thx for your info !
  • #3,797
  • Jul 2, 2009 11:26am Jul 2, 2009 11:26am
Quoting MCFly
Do you apply the following rules?:

balle1973

http://www.forexfactory.com/images/icons/icon1.gif This is how I trade Edge's Plan.
Hi all

1. I switch my 5m chart to 1H chart and draw a vertical line when trix goes above or below zero. If trix is above zero I will only take long trades on 5m.
2. Now I switch to 5m and start taking trades in the direction of 1H until trix crosses again on 1H.

Attaching charts for visual confirmation and for Edge to have a look...
Seems pretty good to me.

Taking 5M signals with the majority trend showing on the 1H.
  • #3,798
  • Jul 2, 2009 11:40am Jul 2, 2009 11:40am
Quoting balle1973
1. I switch my 5m chart to 1H chart and draw a vertical line when trix goes above or below zero. If trix is above zero I will only take long trades on 5m.
2. Now I switch to 5m and start taking trades in the direction of 1H until trix crosses again on 1H.
I like your setup a lot. Could you post all the indicators with the template in a zip file, please? Thanks!
  • #3,799
  • Jul 2, 2009 11:51am Jul 2, 2009 11:51am
Quoting Edgetrader
These are the pairs I watch on the 1H.

I take the 5M trades in direction of the 1H trend at +10 levels.

Same EXACT setup on the 5M.

You will win far more than you lose.

Easy scalping there.

Regards.

Glad that you are back !
Keep posting ! I am begining to make good trades (some of them ... lol)
  • #3,800
  • Jul 2, 2009 12:15pm Jul 2, 2009 12:15pm
Quoting Edgetrader
These are the pairs I watch on the 1H.

I take the 5M trades in direction of the 1H trend at +10 levels.

Same EXACT setup on the 5M.

You will win far more than you lose.

Easy scalping there.

Regards.
Yes Edge, Glad you are still posting...

Paulus, Waiting for you to update us on the 5m and 1m as to how you are doing...
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