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Attachments: Part 2 EURUSD Trend magic System
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Part 2 EURUSD Trend magic System

  • #81
  • Oct 10, 2010 11:13pm Oct 10, 2010 11:13pm
Go with interbankfx.com or Oanda. I like interbank better because the platform has many tools that Oanda does not.

Quoting simpletrades
I realize my post isnt TM directly, but everyone taking short term trades with TM is affected by the new rules in effect mid-October.
I need a new broker, I was with Gallant but they are moving us to Forex.com and look at the difference in the spreads!! (screenshot taken today--Saturday).
Any help?
  • #82
  • Oct 11, 2010 2:33am Oct 11, 2010 2:33am
Nice lower high trade, out at 25 psych level.
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  • #83
  • Oct 11, 2010 4:40am Oct 11, 2010 4:40am
Edit
  • #84
  • Oct 11, 2010 9:30am Oct 11, 2010 9:30am
Quoting Colostarr
I found this thread 2 days ago. Because I don't like second guessing, I read the first instructional post and stopped there. I use my own exit strategy so I didn't need to read any of that. I can say that on Thursday I started trading TM live. First trade lost 8 pips (but that it would seem, is the beauty of this system), trade #2, rode it for 41 pips, then trade number 3 (on Friday) rode it for 86 pips! Closed all trades and banked 119 pips before NFP on Friday (using TM only)! To the man that created these indies (and the template) I say thank...
Hi Colostarr

You mention you are following the
is strategy as per the first thread, what do you do to exit, also what pairs are you trading?

Thanks

WFX
  • #85
  • Oct 11, 2010 9:33am Oct 11, 2010 9:33am
I see this thread has gone quite, is anybody still trading this method?

WFX
  • #86
  • Oct 11, 2010 10:49am Oct 11, 2010 10:49am
Quoting Vantage
Nice lower high trade, out at 25 psych level.
Nice, what time frame is that, M5?
  • #87
  • Oct 12, 2010 1:34am Oct 12, 2010 1:34am
Quoting TriMagic
Nice, what time frame is that, M5?
Yes thats 5 min.

Its a clean method of getting in trend. Like anything its not perfect. Take care around certain times and length of run needed to signal a trade eg if its around Frankfurt open (FO) and you've run 30 pips to get a signal, entry there could be a problem. Also take care if the entry candle is too large for the tme frame you are looking at, 15 pips + can be a problem on 5 min. I focus on taking a signal with a lh/hl.

I have used a 1hr 8lwma to approx trend but this does seem a nice alternative.
  • #88
  • Oct 12, 2010 3:12am Oct 12, 2010 3:12am
These are the kind of set ups I'm looking for. No oversize candles nice lower highs or 2 b trades (see right tick price makes a slight high instantly rejected for a shooting star) in line with system. Entry candles have little/no lower wicks.

Pity they were both too early for me. Good examples though.

There is another sell chance below 113.25 but its often a reversal time so we didn't consider.
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  • #89
  • Oct 12, 2010 3:18am Oct 12, 2010 3:18am
Hi,

yes i found this system a few days ago and have started trading it. It seems good, I went back to original thread and have included TudorGirls MTF indicator on a 1hr and have it as Paulus has set it up on 1 min/5 min depending on how things look.

My problem is i either take profit too soon and don't let it run or i try to let it run and it comes back hits stops. Need to work on exit and stops, but I will perservere for a while and see how it goes.
  • #90
  • Oct 13, 2010 5:25am Oct 13, 2010 5:25am
Sorry for my delayed response. My internet has been un-reliable the last few days. For exiting the trades, I use the flatline of the TM and I move it up as it changes levels. I've gained as many as 86 pips in a single trade or as little as 5 pips. I've lost 3 trades this week for a total for -24 pips, otherwise I am up around 200 pips all together. I have applied the TM to only EUR/USD chart, I monitor the 5M, 1H and daily (do a back test on the daily chart with TM and you'll see what I mean! ) Hope this answers your question!

Quoting wickstedFX
Hi Colostarr

You mention you are following the
is strategy as per the first thread, what do you do to exit, also what pairs are you trading?

Thanks

WFX
  • #91
  • Oct 13, 2010 5:28am Oct 13, 2010 5:28am
The thread is definitely quite, but I have been trading this method for about 4 days now with STELLAR results! I trade EUR/USD on the 5M, 1H and Daily charts. Up 200 pips 4 in days!

Quoting wickstedFX
I see this thread has gone quite, is anybody still trading this method?

WFX
  • #92
  • Oct 13, 2010 6:45am Oct 13, 2010 6:45am
Quoting Colostarr
Sorry for my delayed response. For exiting the trades, I use the flatline of the TM and I move it up as it changes levels. I have applied the TM to only EUR/USD chart, I monitor the 5M, 1H and daily (do a back test on the daily chart with TM and you'll see what I mean! ) Hope this answers your question!
It doesnt really because in your original post you said..."I use my own exit strategy so I didn't need to read any of that."
Using the flatline and moving from new flatline to flatlineline as the trade develops is the thread method.
  • #93
  • Oct 13, 2010 8:27am Oct 13, 2010 8:27am
Mrs V spotted this one earlier. EJ tracked EU reasonably well this am. EU wasn't a trade ito the rules, this was.

We also do not exit according to the rules. EUR stopped at 1.40 and as mentioned ej was tracking quite close so when it hesitated Mrs V banked close to 30.

At the moment watch gu, eu, ej and au. Looking to trade the one that looks the best.
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  • #94
  • Oct 13, 2010 8:33am Oct 13, 2010 8:33am
Also had a gu buy but this one went sideways for some time, we never got stopped out but tired of it not following through and got out at BE.
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  • #95
  • Oct 13, 2010 10:09am Oct 13, 2010 10:09am
Quoting Colostarr
The thread is definitely quite, but I have been trading this method for about 4 days now with STELLAR results! I trade EUR/USD on the 5M, 1H and Daily charts. Up 200 pips 4 in days!
Hi Colostarr

Thanks, what SL do you use for each of the time frames you have been trading? Also what times are you trading?

Thanks

WFX
  • #96
  • Oct 13, 2010 3:07pm Oct 13, 2010 3:07pm
Hi all -

Anyone trading this during the Asian session? I have been working with Paulus' original rules on 5m with mixed results. I love the idea though!

-dw
  • #97
  • Oct 14, 2010 12:41am Oct 14, 2010 12:41am
Hy

I am use the Paulus strategy and the MTF CCI(14) M30 on the M5 timeframe this indicator to filter out the bad position.

This is a good indicator and strategy.
  • #98
  • Oct 14, 2010 2:19am Oct 14, 2010 2:19am
Quoting dw101
Hi all -

Anyone trading this during the Asian session? I have been working with Paulus' original rules on 5m with mixed results. I love the idea though!

-dw
Hy

i am sleeping the Asian session. I am trading the London session only.
  • #99
  • Oct 14, 2010 3:48am Oct 14, 2010 3:48am
Quoting dicsdob
Hy

I am use the Paulus strategy and the MTF CCI(14) M30 on the M5 timeframe this indicator to filter out the bad position.

This is a good indicator and strategy.
Hi dicsdob

Can you please explain how you use the CCI to filter bad trades?

Thanks

WFX
  • #100
  • Edited 4:31am Oct 14, 2010 4:09am | Edited 4:31am
Quoting wickstedFX
Hi dicsdob

Can you please explain how you use the CCI to filter bad trades?

Thanks

WFX
Hi WFT!


If the Trend Magic and the BBMACD blue then i am looking the MTF CCI(14) M30 that higher 0. If this right then i am buy.

http://kepfeltoltes.hu/101014/1_www....toltes.hu_.gif
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