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GU Intraday System

  • #141
  • Apr 29, 2010 12:41am Apr 29, 2010 12:41am
Quoting okehiedon
Well good we have another trader participating in this thread. Soondock you would not imagine how simple trading can be with this system I have picked no less than 80 pips (trading multiple lots ) on the system today.

Trading the basic entries and retrace to gann and sma and taking even the buy counter trend signal. Basically I do my analysis in the morning and mark the possible swing points and I wait for the market to come to those areas, I post my chart and you can see the clear signals I have taken after the one I have posted in the...
hi sir
we are following but in silence and i love the system and thnx alot keep the good work
  • #142
  • Apr 29, 2010 12:58am Apr 29, 2010 12:58am
Quoting okehiedon
Well were did the 5 stars come from, I had no idea other traders were following the thread, Alright thanks everyone
This is a very easy system to understand, so you would not have a lot of people asking questions.

But don't be fooled. This thread has already over 8000 views and at one stage I saw 35 traders viewing it at once.

Well done mate and God bless you for sharing.

  • #143
  • Apr 29, 2010 1:44am Apr 29, 2010 1:44am
i just want to say thank you for sharing your experience and time.

good luck
  • #144
  • Apr 29, 2010 3:29am Apr 29, 2010 3:29am
Okay my morning trade already locked in profit. There was an initial indecison in the market. My entry was based on the retrace to gann and sma using gann 15 system
Attached Image (click to enlarge)
Click to Enlarge Name: gu 25.gif Size: 33 KB
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  • #145
  • Apr 29, 2010 3:41am Apr 29, 2010 3:41am
Hi okehiedon,

Any idea where the price can go today?
  • #146
  • Apr 29, 2010 4:50am Apr 29, 2010 4:50am
picked up >100 pips yesterday as well.
who says trading intraday cannot be profitable. You only need to know what you are doing.
keep it up guys.
  • #147
  • Apr 29, 2010 6:14am Apr 29, 2010 6:14am
Well lost my internet connection as soon as I have finished the last post. Just got back, well price got to my take profit. This is one of the reasons you must always have a stop loss, technical reasons. Now as a review of the london morning session using the gann 15 system, which are always the best times for this system. We had three entries( a fourth one seem to be forming). One was the basic entry signal the other 2 were the retrace to gann and sma (the one I took as shown on the previous posts) as shown with the blue arrows.

Also notice the significance of the pivot points as target/stop loss levels and support and resistance zones.

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: gu 40.gif Size: 32 KB
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  • #148
  • Apr 29, 2010 6:42am Apr 29, 2010 6:42am
Quoting kijkij
Hi okehiedon,

Any idea where the price can go today?
Sorry KijKij, my internet was off. Well I do not try to predict the market (wrong way to mentally handle the market). Nobody knows what direction or how far it can go. Yes by using support and resistance levels, fib ret, fib expansion, elliot waves, trend lines,gann lines etc, we might have an idea of the swing points in the market. But remeber the market moves based on traders reaction to fundamental news or rumours. Note, I did not say the news moves the market, I emphasise traders reaction to it particulalry when it is unexpected.

This is basically what I look for if am trading other pairs pairing weak fundamental currencies with strong fundamental currencies. Okay I stop here this is not a fundies thread.

But remeber one law that fundamentals determines the direction while technicals estimate how far.

No trade for me with this system on the US session got my daily quota. Will be facing other projects. We must be careful about overtrading.
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  • #149
  • Apr 29, 2010 7:03am Apr 29, 2010 7:03am
Quoting okehiedon
Sorry KijKij, my internet was off. Well I do not try to predict the market (wrong way to mentally handle the market). Nobody knows what direction or how far it can go. Yes by using support and resistance levels, fib ret, fib expansion, elliot waves, trend lines,gann lines etc, we might have an idea of the swing points in the market. But remeber the market moves based on traders reaction to fundamental news or rumours. Note, I did not say the news moves the market, [b]I emphasise traders reaction to it particulalry when it is unexpected....
do u mind posting ua 15 minute gu chart @ the moment
  • #150
  • Edited 7:31am Apr 29, 2010 7:19am | Edited 7:31am
Quoting fxrambo
do u mind posting ua 15 minute gu chart @ the moment
my charts are already on post 144 and 146 on this same page, by the way the fourth ret to gann and sma is already well in profit as I earlier indicated in post 146. Having slow internet connection, it taking too much time to do anything
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  • #151
  • Apr 29, 2010 7:32am Apr 29, 2010 7:32am
Quoting okehiedon
my charts are already on post 144 and 146 on this same page, by the way the fourth ret to gann and sma is already well in profit as I earlier indicated in post 146. Having slow internet connection, it taking too much time to do anything
that was like 30min agao wat about the current one @ the moment it will be much help
  • #152
  • Apr 29, 2010 8:21am Apr 29, 2010 8:21am
Alright guys I assume that all of you know the settings for the thv pivot indicator. However my settings are server +1 choice time zone +1. I then set it to fib pivots.

Simplicity at it best entering on the retrace to the gann/sma and pivots as I have shown in my life trades in previous post. You will notice that the gann acts like a trend line. Price may sometimes appear to penetrate it, but always wait for the close for confirmation. Never prempt price action.

So I post a chart of the 15 min and 30 min system respectively.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 50.gif Size: 32 KB
Click to Enlarge Name: gu 33.gif Size: 35 KB
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  • #153
  • Apr 29, 2010 8:28am Apr 29, 2010 8:28am
The long green bar on the right side edge of the chart, what does that mean?
  • #154
  • Apr 29, 2010 8:41am Apr 29, 2010 8:41am
Quoting et_phonehome_2
The long green bar on the right side edge of the chart, what does that mean?
That is a Daily Candle so that you don't need to switch between the TFs.
  • #155
  • Apr 29, 2010 8:54am Apr 29, 2010 8:54am
Hello M8s,
Today was a good day, almost the same as yesterday for this strategy. Nice smooth moves, no rush or something. And now we can see another oportunity formed a few bars before. Unfortunately I am at my day job, was busy and haven't managed to make trades. But I hope you all make good success in trading this approach. Tomorrow is Friday, so mood should be good because of following weekends.
Cheers all.
The Road appears under the steps of walking men...
  • #156
  • Apr 29, 2010 10:08am Apr 29, 2010 10:08am
Hi okiheidon

I have just been reading through your system and would like to thank you for educating me. I have been watching charts, trialling systems on practice accounts and during the last two years I realised that something was happening at certain times during the london session, but couldn't put my fingure on what it was. You have confirmed my thoughts with your explainations - thank you. I will be trialling your system begining tomorrow.

GG33
Now trading live
  • #157
  • Apr 29, 2010 2:02pm Apr 29, 2010 2:02pm
Quoting Gg33
Hi okiheidon

I have just been reading through your system and would like to thank you for educating me. I have been watching charts, trialling systems on practice accounts and during the last two years I realised that something was happening at certain times during the london session, but couldn't put my fingure on what it was. You have confirmed my thoughts with your explainations - thank you. I will be trialling your system begining tomorrow.

GG33
GG33

You welcome. I have learnt through others but mainly through my wounds, failures and weaknesses. The truth is what cannot kill you would make you stronger, that is my testimony. Remain Blessed
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  • #158
  • Apr 30, 2010 3:24am Apr 30, 2010 3:24am
today has started off rather slow...
Okehiedon, why is price stalling? can you move this thing please!
lol... just kidding.
you know what... i play according to the rules and set SL & TP and let the market do its thing. we shall see.
  • #159
  • Apr 30, 2010 4:02am Apr 30, 2010 4:02am
Quoting 50d
today has started off rather slow...
Okehiedon, why is price stalling? can you move this thing please!
lol... just kidding.
you know what... i play according to the rules and set SL & TP and let the market do its thing. we shall see.
I took 20 pips after the 6:00 gmt buy signal.

Currently in sell.

What is your sl and tp ?
  • #160
  • Apr 30, 2010 4:24am Apr 30, 2010 4:24am
I took two Long at 7:15 GMT on GU with 10 and 20 TPs, one has closed and other is still floating!

Lets see red or green
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