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Attachments: GMMA Guppy 5m and 1m
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GMMA Guppy 5m and 1m

  • #1
  • First Post: Edited Mar 9, 2011 6:30am Nov 24, 2010 9:58am | Edited Mar 9, 2011 6:30am
Hi Mates! i just want to show the way i trade, this is nothing new at all.

i have trading for 4 years, mi profit was from 5% to -10% until y drop all indis and oscilators, why? because some times the idis lies and give falce signals, allways repaints and wen you do backtes it looks awesome untill you trade live you get disappointed.
Now i trade only with price accion using GMMA and i need to tell you guys that its an exellent way to trade!

the rules!
trade using m5 and m1
first thing to do is wate for the long gmma (blue) in m5 to get xpanded then wate for retrasement and then shift to 1m, wate for the short to xpand and place a trade. i use 15 sl, 15 tp and 5pips capital protection and 7 pips trailing stop
only trade in prime hours (when 2 sessions are overlap)(i only trade eurusd, eurjpy and audusd) and avoid news 15 min before and after, dond forget to trace lines, wedges, triangles, s/r and stuff. i will post every day my trades the loosing and the winners, i have 75% of good trades!
happy trading for all!
(go to post 93 to see latest rules)
(go to post 267 for new indis and templete http://www.forexfactory.com/showpost...&postcount=267 )
pd. please feel free to comment (bad or good)
sorry abouth my english
Attached File(s)
File Type: ex4 GMMA Long.ex4   3 KB | 5,362 downloads
File Type: mq4 GMMA Short.mq4   3 KB | 5,068 downloads
File Type: pdf guppy_movingaverage.pdf   132 KB | 18,847 downloads
File Type: doc GMMA RELATIONSHIPS.doc   129 KB | 4,979 downloads
File Type: doc THE GMMA-Bubble Trading.doc   131 KB | 4,709 downloads
File Type: doc THE GMMA-Trading The Breakout.doc   93 KB | 4,652 downloads
passion and discipline
  • #2
  • Nov 24, 2010 10:00am Nov 24, 2010 10:00am
good trades for all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mp.gif Size: 66 KB
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passion and discipline
  • #3
  • Nov 24, 2010 10:15am Nov 24, 2010 10:15am
some good books!
Attached File(s)
File Type: pdf Discipline 5 Mental Fitness For Traders.pdf   485 KB | 6,883 downloads
File Type: pdf EmotionFreeTradingBook.pdf   484 KB | 4,221 downloads
passion and discipline
  • #4
  • Nov 24, 2010 7:36pm Nov 24, 2010 7:36pm
Looks like a profitable system. Thanks for sharing!
"speak softly, and carry a big stick" Teddy Roosevelt
  • #5
  • Nov 24, 2010 8:36pm Nov 24, 2010 8:36pm
patience its the name of the game! never ever force a trade and never try to predic wath the market its going to do, only flow with it!
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passion and discipline
  • #6
  • Nov 24, 2010 9:07pm Nov 24, 2010 9:07pm
Rohule,

I would be interested to learn what your exit strategy is with this system. Seeing that it is essentially scalping.... do you have a set number of pips you usually go for or do you simply trail your stop loss?

Thanks!
  • #7
  • Edited 9:36pm Nov 24, 2010 9:14pm | Edited 9:36pm
Hey This is a lot like Linuxtrolls threads but he trades off the 5 second chart.

Have you read his posts? Where did you learn this strategy? How long have you been trading this strategy? Do you trade for a living? How many hours a day do you trade?

I like what I see

Joe

Also, linuxtroll said that WMA are way better for the smaller timeframes then emas?
  • #8
  • Nov 24, 2010 10:04pm Nov 24, 2010 10:04pm
hi all!

i have been trading for 5 years and testing to namy systems on my career, and yes i trade for a living and trade only at tokio overlaping and uk with us. this is nothing new but its really really awesome!
if you guys wanna know something more abouth it:
http://www.forexfactory.com/showthread.php?t=10448
http://www.guppytraders.com/gup329.shtml
http://www.forexfactory.com/showthread.php?t=8742
http://www.forexfactory.com/showthread.php?t=91398
http://www.forexfactory.com/showthread.php?t=6917
http://www.downarchive.com/ebooks/vi...anagement.html
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passion and discipline
  • #9
  • Nov 24, 2010 10:13pm Nov 24, 2010 10:13pm
Quoting CopyThat
Rohule,

I would be interested to learn what your exit strategy is with this system. Seeing that it is essentially scalping.... do you have a set number of pips you usually go for or do you simply trail your stop loss?

Thanks!
hi!

yes this is scalping, im looking for 10 to 15 pips of profit before some retrasement(choppy market), if i have big candles i let the trailig stop do the job for me
passion and discipline
  • #10
  • Nov 24, 2010 10:43pm Nov 24, 2010 10:43pm
this is very important!!!

TACTICS

  1. Join established trends at points of price weakness
    Join established trends breaking to new highs
    Trade breakouts using rally dips and rebounds
    Trade downtrend rallies as rallies rather than trend breaks
  2. Recognise trend breaks as they develop


RULES

  1. Degree and nature of separation in the long term group define trend strength and weakness
    Degree and nature of separation in the short term group define the nature of trading activity.
    Degree and nature of separation between the two groups of moving averages define the character of the trend.
    Compression shows agreement on price and value.
    Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change
    Trade in the direction of the long term group of averages
    The relationships between the groups provide the necessary information about the nature and character of the trend.
  2. Do not use as a moving average crossover tool


ADVANTAGES

  1. Enables effective analysis of the trend environment
    Improves selection of the appropriate trading tactics
    Better understanding of trend strength
    Effective evaluation of unusual price movements, such as dips and spikes
  2. Effective understanding of trading activity and behaviour


DISADVANTAGES

  1. Not effectively applied to trend less stocks
    Cannot be applied to all trending stocks
  2. Do not use as a moving average crossover signal

passion and discipline
  • #11
  • Nov 24, 2010 10:57pm Nov 24, 2010 10:57pm
I hope you stick around and post your trades. I was loving Linuxtrolls thread, but no one else was making any money from his system except for him. A lot of people tried for months and couldn't make money.

He said WMAS worked way better for the smaller time frames and EMAS wernt nearly as good. I would love for you to prove that wrong.

How do you determine your stop loss? Do you quit for the day after X ammount of pips? What's your daily goal?

I also love this because everyone says scalpers fail. Would love for you to prove them wrong. Most of these GMMA threads only lasted 5 pages, so it seems like it's a faily strategy to me? I like being proven wrong though

Happy Trading!
  • #12
  • Nov 25, 2010 12:50am Nov 25, 2010 12:50am
Thanks for sharing this. I have been scalping some successful results in 10 second/1 min chart with similar system. Hope to see more trade examples from you in this thread.
  • #13
  • Nov 25, 2010 2:20am Nov 25, 2010 2:20am
thanks rohule!
  • #14
  • Nov 25, 2010 3:16am Nov 25, 2010 3:16am
Quoting F-Trader
Thanks for sharing this. I have been scalping some successful results in 10 second/1 min chart with similar system. Hope to see more trade examples from you in this thread.
Hye F-Trader

Between 5sec and 10sec, which one would be much better to trade with M1 chart? Would like to know your opinion based from your own experience.

Currently I am testing with custom MT4 script/indicator to generate 5sec and 10sec chart.

Thanks in advance.

~profi~
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #15
  • Nov 25, 2010 3:48am Nov 25, 2010 3:48am
Quoting profi4554
Hye F-Trader

Between 5sec and 10sec, which one would be much better to trade with M1 chart? Would like to know your opinion based from your own experience.

Currently I am testing with custom MT4 script/indicator to generate 5sec and 10sec chart.

Thanks in advance.

~profi~
Hi Profi

To my trading style 10sec chart fits better with 1min chart, but i have used 5sec with 30sec and 1min chart.
  • #16
  • Nov 25, 2010 3:58am Nov 25, 2010 3:58am
Successful trade!

Attached Image (click to enlarge)
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I took it too early but at the end it hit happily to TP
  • #17
  • Nov 25, 2010 7:00am Nov 25, 2010 7:00am
Quoting F-Trader
Successful trade!

Attachment

I took it too early but at the end it hit happily to TP
exellent trade F-trader!! please keep posting!

this is for better looking for the entry, i wanna stay out of idies but we never know (macd guppy) just i case if someone need it
Attached File(s)
File Type: mq4 G#MACD.mq4   4 KB | 1,964 downloads
passion and discipline
  • #18
  • Nov 25, 2010 7:34am Nov 25, 2010 7:34am
Quoting beehivesjoe
I hope you stick around and post your trades. I was loving Linuxtrolls thread, but no one else was making any money from his system except for him. A lot of people tried for months and couldn't make money.

He said WMAS worked way better for the smaller time frames and EMAS wernt nearly as good. I would love for you to prove that wrong.

How do you determine your stop loss? Do you quit for the day after X ammount of pips? What's your daily goal?

I also love this because everyone says scalpers fail. Would love for you to prove them wrong. Most...

hi mate!

well... i like the way EMAs looks and im conforteble with, i use a 15 stop loss if the market after the entry duddelntly go againts me, after i get 5 pips i move to BE, and wating to get 10 t0 15 pips. but you can also use g#macd to enter (everytime that cross over and cross above or below 0) and olso to exit.
some scalpers fail because they dond have the enough skill for trading such a small tfm, they enter in a trade and then analize if the trade was good or not and keep small profits and long loosers.

and yes this is a hard job to do, but let me tell you something, the reward its big money.
im making 10 to 25 pips per session (2% a day) if i have 3 winners in a row im off the day also if i have 2 loosers

cheers!
passion and discipline
  • #19
  • Nov 25, 2010 7:41am Nov 25, 2010 7:41am
Thanks for the reply, that makes sense. Why do you use 10-15 pip stop loss? That seems rather big wouldn't the emas have already crossed over showing you its a weak trade so you could get out earlier?

Do you look at the candlestick formations or are you purely looking at the emas? What emas are they? I don't use metatrader

You said you're trading like 4 currencies, how do you keep track of them all? Do you put them all on one screen and then look for the ones that are trending and then pull up the 1 minute chart?

Sorry for all the questions, I'm just really interested in this method

Thanks alot, joe
  • #20
  • Nov 25, 2010 7:43am Nov 25, 2010 7:43am
avoid this kind of market at all cost! (big candles up and down with no especific way) the us market its closed, my advise is to shut down the pc and enjoy life, tomorrow will be another battle to figth!
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