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Part 2 EURUSD Trend magic System

  • #281
  • Nov 22, 2010 6:06pm Nov 22, 2010 6:06pm
Quoting Peretola
EUR/USD at 11:45 GMT +66 pips
GBP/USD at 11:00 GMT +55 pips and +45 pips
EUR/JPY at 11:45 GMT +106 pips
4 trades giving you +272 pips (max potential profit). If you take only 50% (+136 pips) I think it would be a good day . This strategy is full of opportunities every day. I couldn't have taken advantage of them because of my full time job...
Paretola :

You were the first trader to answer my qeustion ( indirectly) how you look at the chart for exiting a trade. Unfortunately, no one wanted to answer to my post. Probably in this thread, the traders do not answer to queries by newcomers to this thread?

Anyway, i am seeing RSI21 and CCI 14 indicator, in your chart. How do you you use these indicators for this sytem, thanks.
Intraday only.
  • #282
  • Nov 22, 2010 6:32pm Nov 22, 2010 6:32pm
Today was a super easy trading day. You could get pips with a shovel. But unfortunately this isn't the case every day, so don't get overzealous.

Quoting Peretola
EUR/USD at 11:45 GMT +66 pips
GBP/USD at 11:00 GMT +55 pips and +45 pips
EUR/JPY at 11:45 GMT +106 pips
4 trades giving you +272 pips (max potential profit). If you take only 50% (+136 pips) I think it would be a good day . This strategy is full of opportunities every day. I couldn't have taken advantage of them because of my full time job...
{Promotion Removed}
  • #283
  • Nov 22, 2010 7:31pm Nov 22, 2010 7:31pm
Guys,

I am using this system and trading since 15 nov.

6 trading days. Collected 280 pips untill today. Total trades : 38. Win : loss ratio = 38 : 8.

I opened four trades today and earned 84 pips. All ended in profits. Average 21 pips per trade.
Intraday only.
  • #284
  • Nov 22, 2010 8:32pm Nov 22, 2010 8:32pm
Quoting navk
Paretola :

You were the first trader to answer my qeustion ( indirectly) how you look at the chart for exiting a trade. Unfortunately, no one wanted to answer to my post. Probably in this thread, the traders do not answer to queries by newcomers to this thread?

Anyway, i am seeing RSI21 and CCI 14 indicator, in your chart. How do you you use these indicators for this sytem, thanks.
By the images he posted, I would say he is using simple S/R lines to exit
  • #285
  • Nov 23, 2010 1:23am Nov 23, 2010 1:23am
I use the original rules of Paulus for S/L page 1 #3 and the entry is so easy for me with the break of main S/R.

Quoting Paulus
Details of Stop placement and movement, please read this in conjunction with the chart posted...
  • #286
  • Nov 23, 2010 2:10am Nov 23, 2010 2:10am
It was mentioned in an earlier post that yesterday was a good trading opportunity to make money, but it is not always like that as you know. However, it is still not difficult to make pips every day using this system even when the market is slow. The supertrend and the bb indicator are very good even when the market is tight (ie to keep you out as well as in the trade).

Simplicity is key which is what this system is:-)
  • #287
  • Nov 23, 2010 4:06am Nov 23, 2010 4:06am
hey peretola could you post your s/r indicator.thank you
  • #288
  • Nov 23, 2010 4:58am Nov 23, 2010 4:58am
Yes, no problem... here it is.
Attached File(s)
File Type: ex4 #KG Support and Resistance.ex4   6 KB | 923 downloads
  • #289
  • Nov 23, 2010 6:53am Nov 23, 2010 6:53am
After sitting through a largely go nowhere (2 BE trades and a +17) London session I took a break and missed a couple of nice ej trades 11.20 and 12 gmt.

Got this eur trade, we'll see where it goes, target is RN hopefully and if pa strong perhaps we'll go through RN and get to 85 level, we'll see. Nice lh, shooting star, little/no lower wick.

Stop is at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 17 KB
  • #290
  • Nov 23, 2010 6:56am Nov 23, 2010 6:56am
The ej set ups I missed, away from computer.

The 2 arrows left, both nice lower highs, little no lower wicks. The right arrow down I took the eur trade as above.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 15 KB
  • #291
  • Nov 23, 2010 6:59am Nov 23, 2010 6:59am
Quoting Vantage
After sitting through a largely go nowhere (2 BE trades and a +17) London session I took a break and missed a couple of nice ej trades 11.20 and 12 gmt.

Got this eur trade, we'll see where it goes, target is RN hopefully and if pa strong perhaps we'll go through RN and get to 85 level, we'll see. Nice lh, shooting star, little/no lower wick.

Stop is at BE.
Almost taken out at BE back down to 3518 if we don't push down I'll exit with something from trade, TWT.
  • #292
  • Nov 23, 2010 7:06am Nov 23, 2010 7:06am
Quoting Vantage
Almost taken out at BE back down to 3518 if we don't push down I'll exit with something from trade, TWT.
Out +33. PA struggled down and RN perhaps an issue, happy to take profits.
  • #293
  • Nov 23, 2010 7:11am Nov 23, 2010 7:11am
Collected 128 pips since sunday open, witht this system. Need to expertise more with this sytem anyways.
Intraday only.
  • #294
  • Nov 23, 2010 7:26am Nov 23, 2010 7:26am
Quoting navk
Collected 128 pips since sunday open, witht this system. Need to expertise more with this sytem anyways.
Nice.

50 pips today, yesterdays big fall and easy trades I missed due to storms here. So yes can easily believe 128 pips. Low stress, small stops, generally low draw down before trades move on.

For newer traders compare the above ej, eur charts posted to this go nowhere junk on gu. Look at the last gu move that generated the single red dot. Took 40 pips move to generate that signal. The entry candle alone was around 17 pips, not the kind of set up that will generate low risk trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
  • #295
  • Nov 23, 2010 7:27am Nov 23, 2010 7:27am
Quoting navk
Collected 128 pips since sunday open, witht this system. Need to expertise more with this sytem anyways.
Care to post some of your charts?
  • #296
  • Nov 23, 2010 9:45am Nov 23, 2010 9:45am
Lots of great trading the past few days....here is my GU sell just closed.
Cheers
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-23_1137.png Size: 66 KB
  • #297
  • Nov 23, 2010 12:33pm Nov 23, 2010 12:33pm
hello CanuckCT nice trade. would you be so kind and tell me what are the settings for the bolinger bands that your using

thanks
  • #298
  • Nov 23, 2010 1:02pm Nov 23, 2010 1:02pm
Simple is effective.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 38 KB
  • #299
  • Nov 23, 2010 1:05pm Nov 23, 2010 1:05pm
yep exackly
i took 180 pips tooday from eu
shame that such a low stake;d
  • #300
  • Nov 23, 2010 2:51pm Nov 23, 2010 2:51pm
1. What is the significant of the greyed area that is usually displayed by the Ant-GUBreakout indicator? Is it that it is not safe to trade during those period or what?

2. Apart from the GBPUSD and the EURUSD pair, can I use this Trend magic system to trade other pairs too?


Your answers will be highly appreciated.

Thanks.
NiceChap
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