Part 2 EURUSD Trend magic System | Page 11 | Forex Factory

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

  • #201
  • Oct 20, 2010 11:42am Oct 20, 2010 11:42am
-6 Long.

-33 short. Could have been avoided. TM changed but BB didn't. But at that time, on the 4 H it looked to me like it could have been a retrace to more short movement. Actually should have been less of a loss but I moved my stop wanting to stay in.

+89 Long Everthing lined up so I just kept riding it and moving my stop to TM when it looked good.
  • #202
  • Oct 20, 2010 3:06pm Oct 20, 2010 3:06pm
Well done !
may be you can tell us what pair did you trade and may be you can post a chart.
I am sure we can all learn ...
Tks
David

Quoting KumoDragon
-6 Long.

-33 short. Could have been avoided. TM changed but BB didn't. But at that time, on the 4 H it looked to me like it could have been a retrace to more short movement. Actually should have been less of a loss but I moved my stop wanting to stay in.

+89 Long Everthing lined up so I just kept riding it and moving my stop to TM when it looked good.
  • #203
  • Edited Oct 21, 2010 12:19am Oct 20, 2010 8:53pm | Edited Oct 21, 2010 12:19am
Here is a jpeg of my last two winnning trades using trend magic.

The first was my long I already posted about earlier +89 from the US session.

The second was a short. I followed trend magic rules for entry but put a wider stop (60 pips) , above a resistance that rejeceted price strongly on the 4 H in the past. Normally I wouldn't have a stop this wide using trend magic.

However, because of the huge long spike in the US session and the consolodation that followed, I expected that there would be a reversal short, if nothing else for profit taking from big dog trader. And that if it didn't go my way after consolodation perhaps the resistance above might reject price.

The thick blue lines show entry and exit Long, and red for the short.

I also did not follow the TM rules for exiting on the short. The short movement was so swift that I just locked in 50 with a postive SL, I've seen spikes that fast reverse hard too often.

P.S. Pair is the EU, it's the only one I trade at the moment, and it's as crazy as hell this week.
Attached Image (click to enlarge)
Click to Enlarge Name: euoct20.gif Size: 20 KB
  • #204
  • Oct 21, 2010 2:26am Oct 21, 2010 2:26am
Entered using CRB of 7 pips .
Price was making HL's .TM+BB MACD blue.
Trailed my SL to the previous TM plateau.
Price found , atm , res @ 3975/MR1 and was not able to hold above DO 3962 , so I locked for +25 were I was stopped out.
Comments are welcome
David
Attached Image (click to enlarge)
Click to Enlarge Name: 21oct EU Long +25.jpg Size: 144 KB
  • #205
  • Oct 21, 2010 3:36am Oct 21, 2010 3:36am
Hi David

What are the coloured vertical bars at the bottom of your chart?

Cheers

WFX
  • #206
  • Oct 21, 2010 1:47pm Oct 21, 2010 1:47pm
HG_0001a_MTF.ex4
From 1st page of the original thread
http://www.forexfactory.com/showpost...09&postcount=1
hope it helps


Quoting wickstedFX
Hi David

What are the coloured vertical bars at the bottom of your chart?

Cheers

WFX
  • #207
  • Oct 21, 2010 2:00pm Oct 21, 2010 2:00pm
Thanks David
  • #208
  • Oct 21, 2010 2:31pm Oct 21, 2010 2:31pm
Quoting david4u
Comments are welcome
Then that's what you're going to get.

I hope you can still see the price behind what I drew on your chart. I've been banging on about higher/lower lows and highs in a couple of my posts. Now I get to show what I mean. Now, what I'm about to tell you is not that easy to follow through when you're actually trading, but I hope this will help you see what I deem a good entry point considering higher lows and all that stuff.

On your chart, your entry was at point C. You have already marked two higher lows on your chart that preceded your entry. However, points B and A would have provided a better entry point. Point X marks the spot where you had your first HL. This tells you that something is about to change, since price bottomed at a higher point that before.

The way I see it, you have two potential entry points:
1. Reference point A. Once price has already made a higher low, you enter when price breaks through the high that it reached before making the HL.

2. A higher probability trade could have been taken at reference point B. First you waited for price to make a higher low at point X. Then you wait for it to blast through the high at point A. You enter once price breaks through the last reference high at point B. This is the highest high we've had since price made a higher low and this is a very good entry point.

[There is a third possibility. You wait for the price to blast through point B, make a higher low and then enter once it starts going up again.]

If I have confused you then let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: fiber 7 CRB.png Size: 601 KB
If you don't risk, you don't ever have to lose.
  • #209
  • Oct 21, 2010 4:02pm Oct 21, 2010 4:02pm
Greetings from Germany, this is a awesome indicator, I earned around 200 pips today with only 3 treads. But now I am really tired, I watched the hole day the screen for the colorchange. is it possibel to code an alert in this indicator?

It would be great if someone can code that after the color change from red to blue a wav will play and from blue to red another wav.

Greetings Sascha
  • #210
  • Oct 22, 2010 12:47am Oct 22, 2010 12:47am
Entered Long just after I opened my PC and saw uptrend .
Could/should have close the trade for +30 , atm , when price was not able to break the 50 retracement of last swing low.
Closed for +20 .
Looking for next opportunity .
Comments are welcome
David
Attached Image (click to enlarge)
Click to Enlarge Name: eu Long +20.jpg Size: 162 KB
  • #211
  • Oct 22, 2010 1:18am Oct 22, 2010 1:18am
Quoting david4u
Entered Long just after I opened my PC and saw uptrend .
Could/should have close the trade for +30 , atm , when price was not able to break the 50 retracement of last swing low.
Closed for +20 .
Looking for next opportunity .
Comments are welcome
David
Nice trade David.

If I understand your strategy correctly, you are essentially trading 1-2-3 patterns in the direction of the indicators recommended by Paulus?

G-Man
  • #212
  • Oct 22, 2010 6:43am Oct 22, 2010 6:43am
Quoting pgpb
Anyone reading this thread trade with Alpari UK

I am time zone challenged and get confused with GMT, and broker time etc

See images

Do I have it right?

PGPB
i believe alpari is +2, so the offset is correct.
  • #213
  • Oct 22, 2010 6:52am Oct 22, 2010 6:52am
Quoting sek_is_back
Greetings from Germany, this is a awesome indicator, I earned around 200 pips today with only 3 treads. But now I am really tired, I watched the hole day the screen for the colorchange. is it possibel to code an alert in this indicator?

It would be great if someone can code that after the color change from red to blue a wav will play and from blue to red another wav.

Greetings Sascha
heres a link from the old thread
http://www.forexfactory.com/showpost...postcount=4812
  • #214
  • Oct 22, 2010 6:57am Oct 22, 2010 6:57am
Quoting forexino
help me to understand ant-GUBreakout how it works, I'm in Italy, thanks
people somehow use it to trade with some kind of breakout.
i only use it to color in blue the times of day for a given pair i dont want to be entering a trade and color the silver lines black to get rid of them.
i set the start and stop to coincide with chart times of when i no longer want to be entering and it stops blue when i want to be watching.
too easy to overtrade just because tm recolors with bbmacd at the wrong session.
  • #215
  • Oct 22, 2010 7:20am Oct 22, 2010 7:20am
G-Man
I am trying to combine Vantage's HL/LH as I understand it with the TM sys. In other words , If I get a signal , eg
Blue TM +Blue BBMACD , I will to enter the trade unless I see that price have made HL/LH.
In my chart you can see that I have entered close to the HL , so it was not a classic break out of the 123 pattern ,
but I may enter on BO's also.
Hope it help
David



Quoting G-Man
Nice trade David.

If I understand your strategy correctly, you are essentially trading 1-2-3 patterns in the direction of the indicators recommended by Paulus?

G-Man
  • #216
  • Edited 1:06pm Oct 22, 2010 12:33pm | Edited 1:06pm
Quoting dicsdob
This is the indicator link : http://codebase.mql4.com/1892
thanks for the mtf cci link, i've added it and use it as a final filter like someone suggested earlier, cci30 needs to be on the proper side of zero to take the 5 min tm-bbmacd entry signal.
  • #217
  • Oct 27, 2010 1:55pm Oct 27, 2010 1:55pm
Quoting simpletrades
thanks for the mtf cci link, i've added it and use it as a final filter like someone suggested earlier, cci30 needs to be on the proper side of zero to take the 5 min tm-bbmacd entry signal.
Hi Simpletrader!

Are you every signal trade on EURUSD M5? Because today many fals signal in the London trade time.
But I think the M15 time frame is the good entry signals and M5 is the exit chart.
  • #218
  • Oct 27, 2010 2:23pm Oct 27, 2010 2:23pm
Quoting dicsdob
Hi Simpletrader!

Are you every signal trade on EURUSD M5? Because today many fals signal in the London trade time.
But I think the M15 time frame is the good entry signals and M5 is the exit chart.
you'd never take every signal. you want to catch the original reversal if possible and if not, then later entries rely on judgment with filter help.
  • #219
  • Nov 10, 2010 5:09pm Nov 10, 2010 5:09pm
Attention!
Anyone that uses the ant-gu breakout box to mark the Asian session (or any other session) should make necessary changes due to shifts in daylight savings time. From November 1st London time = Greenwich Mean Time (GMT). This stems from the fact that London adjusts the clock but GMT is fixed (during the summer, London time = GMT+1. If you are trading the Frankfurt session, please note that Germany adjusted their time as well. More information is available here: http://www.timeanddate.com/time/dst/2010.html
and here: http://www.forexmarkethours.com/
If you don't risk, you don't ever have to lose.
  • #220
  • Nov 10, 2010 5:29pm Nov 10, 2010 5:29pm
Quoting bug
Attention!
Anyone that uses the ant-gu breakout box to mark the Asian session (or any other session) should make necessary changes due to shifts in daylight savings time. From November 1st London time = Greenwich Mean Time (GMT). This stems from the fact that London adjusts the clock but GMT is fixed (during the summer, London time = GMT+1. If you are trading the Frankfurt session, please note that Germany adjusted their time as well. More information is available here: http://www.timeanddate.com/time/dst/2010.html
and here: http://www.forexmarkethours.com/...
try figuring that out for last week when europe switched but the us didnt and then again this past sunday when the us did turn back too.
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