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Trend Follower 5 Minute System

  • #3,201
  • Sep 8, 2009 9:30am Sep 8, 2009 9:30am
Quoting Pipinaintez
Hi all,

Been a while since I've traded, just can't find the time.

Good to see Pilatus still here, how are you doing my friend?

Wanted to run this trade by you. It's Short on the USD/JPY the signal was at 07.00 GMT. The signal looked good in that there was steady price movement before the signal, a good contraction of Guppy and an agrement of downward trend on higher time frames.

The only reason I did not take it was Risk Reward ratio was not good 1:1 at best if we targeted exit at DS2. Having just broken DS1 this should have been a spot...
Buddy, no matter what, this is text book example of trade you MUST take. Why? As always, steady price movement before signal, good signal, and most important thing-price rebound from good resistance 3 times before went down. It is not matter how much pips it made, it could make only 20 pips or less but important is tht you get the picture of what good signal is to be prepared for next one next time.
  • #3,202
  • Sep 8, 2009 5:07pm Sep 8, 2009 5:07pm
Quoting Pipinaintez
Wanted to run this trade by you. It's Short on the USD/JPY the signal was at 07.00 GMT. The signal looked good in that there was steady price movement before the signal, a good contraction of Guppy and an agrement of downward trend on higher time frames. ...
Well, it looked like a "go" to me, but that's just me. (smile)

Out of curiosity, what are your parameter settings on your main chart? I ask, because I'm getting MANY more green and red arrow signals than you are, and it's just loading up my charts with too many arrows.

Thanks very much,
Ed
  • #3,203
  • Sep 14, 2009 11:24am Sep 14, 2009 11:24am
Quoting pilatus
Buddy, no matter what, this is text book example of trade you MUST take. Why? As always, steady price movement before signal, good signal, and most important thing-price rebound from good resistance 3 times before went down. It is not matter how much pips it made, it could make only 20 pips or less but important is tht you get the picture of what good signal is to be prepared for next one next time.
Ok Thanks Pilatus always good to hear from you. I will try to get on to do some more trading this week and look forward to discussing more trades.

Cheers
  • #3,204
  • Sep 14, 2009 1:55pm Sep 14, 2009 1:55pm
Quoting enewbold
Well, it looked like a "go" to me, but that's just me. (smile)

Out of curiosity, what are your parameter settings on your main chart? I ask, because I'm getting MANY more green and red arrow signals than you are, and it's just loading up my charts with too many arrows.

Thanks very much,
Ed
If you get chart with so many arrows, that means you must restart EMA crossover signal indicator. Simply go to charts/indicators/ find ema crossover signal and open it and close it. If you get any problem like that, that means you must restart that indy.
  • #3,205
  • Sep 16, 2009 2:42am Sep 16, 2009 2:42am
Hi pilatus and other experts:

Please take a look at this entry at the red cross. The setup is pretty good based on Trend Follower rules, Laguerre crossed from 0.75. but this trade will definitely fail. Is there any way to prevent this trade from happening even it doesn't happen very often.
Thanks for advice.
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  • #3,206
  • Sep 16, 2009 2:54am Sep 16, 2009 2:54am
you can see as soon as you entry the trade it will fail.
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  • #3,207
  • Sep 16, 2009 9:46am Sep 16, 2009 9:46am
Quoting icamp330
you can see as soon as you entry the trade it will fail.
The only thing you can do is to avoid signals where you have stop loss greater then 30 pips like in this example and wait for price to be steady before signal, not volatily one like here. Next, you can see that price rebound 2 times on same level of 1,419 which opens doubts that this can be strong support.
  • #3,208
  • Sep 17, 2009 8:52am Sep 17, 2009 8:52am
Just my personal comments with this TF5Min....

I use for couples of months until now and make money if you follow the rules. For sure not 100% but more than sufficient compare the losses.

If I lost a lot of money is not because of TF5Min but I against the rules.

I do take position when the price hit between green and red or closest to end of red band ACCORDING to the rainbow direction. S/L supposed to be 20-30 pips below red line to anticipate breakout. Do not take opposie direction...

Do not take EP at yellow band, wait until back at least at blue or green band.
If you dare take more risk for sure you can take position at blue band but I prefer to take between green and red...

Cheers
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  • #3,209
  • Sep 19, 2009 7:11pm Sep 19, 2009 7:11pm
Hi Pilatus and everybody,its a good feeling to read all your post and contributions to this great thread. I have been away from trading for sometime now, and i need your sincere comment on the performance of this system, in this change global economy. I will be glad if everyone using this TF5M system on their live acct. can post their recent result for evaluation. Thanks
Let God be true, and every other man be a liar
  • #3,210
  • Sep 22, 2009 7:45am Sep 22, 2009 7:45am
Quoting enewbold
Well, it looked like a "go" to me, but that's just me. (smile)

Out of curiosity, what are your parameter settings on your main chart? I ask, because I'm getting MANY more green and red arrow signals than you are, and it's just loading up my charts with too many arrows.

Thanks very much,
Ed
Hi Ed

Sorry for late reply but I can hardly get on at any time. I don't know about the parameter settings but it looks like Pilatus has answered your question. Did that work?

Cheers
  • #3,211
  • Sep 22, 2009 8:01am Sep 22, 2009 8:01am
Hi Pilatus and all

Signal 07.10 GMT. Looks like a good signal steady price movement before signal, confirmation of upward trend on higher time frames and well ordered guppy. The only problem was the resistance points were close together and the sinal came 7 pips below DR1.

How would you trade this? I think it is a good signal, is it? I am still trying to build what is a good signal, would you class this as a good signal? Also would you wait for this trade to break DR1 before entering because otherwise the R/R is very poor. I am still not understanding how to take trades when resistance and support points are close.

Thanks
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  • #3,212
  • Sep 22, 2009 8:04am Sep 22, 2009 8:04am
I think there are also similar signals on USD/CHF and GBP/USD at around the same time
  • #3,213
  • Sep 22, 2009 11:47am Sep 22, 2009 11:47am
Hey there Kevin, i was wondering if you could help me out.. im using this system and I think its incredible, but i would like to incorporate another system to my trading so i can do more trades per day because it can get boring sometimes.. i was just wondering if you have found another system thats as good as this one so i can study it.. if you have please share!! thanks!!

acereto

Quoting Kevinc3po
I really love this system. Just stumbled upon it the other day and I`m completely ready to scrap another fairly sucesfull system I was using. When the Guppy MA is kind of shrunk and the rest of the trade conditions are met it seems like the risk/reward is just huge. Thanks for again for sharing this with us The Wicker.
  • #3,214
  • Sep 22, 2009 1:48pm Sep 22, 2009 1:48pm
I´ve read pretty much the whole thread.. its looongg.. and i was wondering if anyone has tried or knows of other pairs that work in different sessions, i know that the best to trade is the US session and only US pairs.. but what about the sydney, tokyo and london sessions ?? are there any good tradable pairs there ?? if there are please let me know!!

I live in Mexico and the best time i can trade in is the sydney session open and when it overlaps with tokyo.. i use the oanda market hours for reference http://fxtrade.oanda.com/resources/fxmarkethours/

Thanks!!
  • #3,215
  • Sep 22, 2009 5:58pm Sep 22, 2009 5:58pm
Quoting Pipinaintez
Hi Pilatus and all

Signal 07.10 GMT. Looks like a good signal steady price movement before signal, confirmation of upward trend on higher time frames and well ordered guppy. The only problem was the resistance points were close together and the sinal came 7 pips below DR1.

How would you trade this? I think it is a good signal, is it? I am still trying to build what is a good signal, would you class this as a good signal? Also would you wait for this trade to break DR1 before entering because otherwise the R/R is very poor. I am still not understanding...
Hi!
Well, it is easy to be general after battle, but, I would probably not take this trade. Why? About 100 pips move behind me, risky trade. Next, last few weeks price on daily basis make less then 100 pips. Everything else is good.
  • #3,216
  • Sep 22, 2009 9:48pm Sep 22, 2009 9:48pm
Quoting pilatus
Hi!
Well, it is easy to be general after battle, but, I would probably not take this trade. Why? About 100 pips move behind me, risky trade. Next, last few weeks price on daily basis make less then 100 pips. Everything else is good.
i did take this trade. i think his GMT time is an hr behind mine. got 68 pips out of it. it was made by an EA. it took it because the rule states that laguarre has to be above .15 and heading up. so it was between .15 and .50 when the trade was taken. i notice those are the best trade when you have a sell market laguarre is between .75 and .40 and buys are between .15 and .50

i know what you're thinking, why an EA. why not I say. i think this thing needs to only take one trade per pair if it wins. then stop the rest of the session to be careful not to overtrade itself in the market.
  • #3,217
  • Sep 24, 2009 7:34pm Sep 24, 2009 7:34pm
THANK YOU!!!
  • #3,218
  • Sep 27, 2009 5:06pm Sep 27, 2009 5:06pm
Quoting Pipinaintez
Hi Pilatus and all

Signal 07.10 GMT. Looks like a good signal steady price movement before signal, confirmation of upward trend on higher time frames and well ordered guppy. The only problem was the resistance points were close together and the sinal came 7 pips below DR1.

How would you trade this? I think it is a good signal, is it? I am still trying to build what is a good signal, would you class this as a good signal? Also would you wait for this trade to break DR1 before entering because otherwise the R/R is very poor. I am still not understanding...
Sorry buddy, I was looking wrong time on chart. Did not pay to much attention for real entry. Yes it could be nice trade according to lag and guppy. Maybe little to early, before London open, but nice example of good signal.
  • #3,219
  • Sep 27, 2009 5:08pm Sep 27, 2009 5:08pm
Quoting hazelj80
i did take this trade. i think his GMT time is an hr behind mine. got 68 pips out of it. it was made by an EA. it took it because the rule states that laguarre has to be above .15 and heading up. so it was between .15 and .50 when the trade was taken. i notice those are the best trade when you have a sell market laguarre is between .75 and .40 and buys are between .15 and .50

i know what you're thinking, why an EA. why not I say. i think this thing needs to only take one trade per pair if it wins. then stop the rest of the session to be careful...
Buddy!
I have bad expirience with EA's. But if you are profitable, as you said "why not". If EA can give you money with less pain then use EA. But then be honest and after 2 months give us results of your EA.
  • #3,220
  • Sep 28, 2009 8:53am Sep 28, 2009 8:53am
Does anyone have the GBP/JPY trade on the 10/08/09 ?

This trade would have been taken around lunchtime. I am currently paper trading and forgot to take a screen shot of this trade. My meta recently crashed and I needed to reinstall it, therefore I can't go back and look at the trade.

I would very very much appreciate if someone could take a screen shot of this trade and put it up for me.

Thanks!
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