EUR/GBP Trendmagic System

TM moved up after a long pause

SL moved up also

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This trade is a good example of how the stop on TM is used

wanted a bigger move but it is Friday PM after all

Cheers

Paulus

Yes Excellent Paul - This mornings move down on the 1min was also a good example of the SL hugging the TM but gave you the decent % move.

Ive tried this on GU but it doesnt move has "respectful" like EU. GU seems to be more whippy for 1m trading. What are your thoughts on the other major pairs?

Well done today

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To be honest Iv not looked but I think the BB macd may have to be adjust for different pairs

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long was taken out for a zero gain or loss..SL was moved up to the next level but before I could screen print it had been hit

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Maybe a little eager to move the stop ? ! - better than a loss tho! Shouldnt you have waited for the next cycle after the pullback onto the TM.

Exciting stuff for a rainy Friday afternoon!

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yes was to soon ..not used to the 1min perhaps I should always stay 5pips behind the current candle..ie if moving TM brings me closer than 5 pips leave where it is and move only on TM lines greater than 5 pips

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Or you could try using a 2 minute chart (use the periodconverter indi). I haven't looked into EU with an M2 chart myself but I have used M3 for UJ. Worked better than M1 or M5. But I guess each pair is a bit different.

can u post the indi please

Thanks

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The daily long signal is looking good still
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Not without an explanation I won't.

EDIT.
It seems that I cannot count anymore. I have two 3s on my explanation graph. [embarrassing]

Daily signal is looking good too Paul - shame there have only been 2 daily signals in the last 12 months!

Im going to test this strat out on longer TF especially 60m/4hr alongside the 1m/5m "scalping".

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there have been several as I posted earlier in the week

here is the post..2900 pips in last 7 months

http://www.forexfactory.com/showpost...postcount=4604

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Shame? I think this is as good as it gets. More signals = more whipsaws = less pips (also, more pips for the landlord aka the broker). You should see the monthly chart for gold with this system. I don't have the patience or the deep pockets to trade gold on a monthly chart, but this was just something interesting that I noticed. Have a look, you won't be disappointed.

hi
i have tried the tamplet in first post which it has tudor girl hg_0001a mtf.
that is the worst indicator.has alot of false signals.
the best still paulas original MT line on the chart and BB MACD indi.more than that its just confusing.
regarding the asian market hours,should i do any adjustment on the
ant-GUBreakout_v0.4?
regards
Fred

Fred, you got a lot of nerve coming in here and spitting in Paul's face.
Tudorgirl HG = TrendMagic + BB MACD which was the original setup proposed by Paul. The HG-MTF is just a multi-timeframe indicator and as such, has all the characteristics and errors common to MTF indicators at large. If you had taken the time to read the entire thread, hell, just the first 40-50 pages of it, you'd be all familiar with this and many other important aspects of the strategy. But no, you just hop from the first post to the last and claim MTF dead without even showing us any examples of your failed trades. Please go back to page 28, post #413 where the MTF indicator was first introduced. I'll even provide you a link. What do you see? You see Paul demonstrating a trade setup with the MTF indi. Now click away at the pages and look at all the charts Paul has posted - you'll see a lot of trades taken with the help of the MTF indicator. I have at least 20 charts from Paul and around 20 charts from other users with the MTF indi in my TrendMagic folder. Some of those examples were spectacular. Paul posted them to help guys like you and me. It takes a lot of time to do this and now you just come and puke on it. Shame on you.

The whole point of FX forums is to bring people together so that they can help each other. Unfortunately, people too often act like teenagers in high school who'd rather read a book review than the whole book itself and then start meta-analyzing the main characters as if then knew what they were talking about (this often happens with the great classics like de Balzac, Dostojevksi and Camus, just to name a few). PLEASE go back and read the entire thread, you can start off with 20-40 pages a day and soon enough, it'll all be over. It often takes a lot of time to realize, but trading is a business which means that money isn't left on the floor for you to pick it up. You have to put in some effort. I've read tens of thousands of pages of books, threads, articles and other material on the markets and technical analysis and in my strong opinion 312 pages (4679 posts) is what you would consider 'cheap' for something as good and versatile as this strategy.

Also, I would very much like to take a look at your failed MTF trades and offer my help. This means that you should post your charts. I'm sure Paul will be kind enough to offer his help as well, although I feel like you owe him an apology. This is the internet, but behind each computer sits a real human with real emotions. It would've been a way better introduction to post your charts and ask for help instead of calling HG-MTF and as a result the original setup the worst ever.

Please take some time to think about this, you don't need to reply immediately - people usually need to take some time to admit their mistakes. When you're ready, start off with your 'right' foot and let us help you.

Take care,
Chris