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

  • #21
  • Nov 25, 2010 7:45am Nov 25, 2010 7:45am
also this can help for you to set the sl and tp
Attached File(s)
File Type: pdf Guppy-CBL.pdf   343 KB | 2,735 downloads
passion and discipline
  • #22
  • Nov 25, 2010 8:13am Nov 25, 2010 8:13am
Hey ro,

I noticed you were looking up everyones threads yesterday (im a stalker) I just found a recent one that was started that you would have missed probably because it's just called scalping or something. I remember him from 2007 in Linux thread, after thousands of hours screen time he figured out a GMMA system that works great for him. He uses WMA and also an indicators. You don't like his indicators but his is based on the wmas. When price pulls back and then closes below whatever wma he uses that would be a signal. So it gives you great signals to! You might want to check it out, maybe you could learn something? If not, it's still a good thread to read.

http://www.forexfactory.com/showthread.php?t=262960
  • #23
  • Nov 25, 2010 8:17am Nov 25, 2010 8:17am
Quoting beehivesjoe
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,...

hi Joe!
if i dond see straingth in the first 5 min im out, if the trend is starting to resume the trend im start to analize for another entry.
the EMAs are:1) Short (Fast) Group:
EMA(3), EMA(5), EMA(8), EMA(10), EMA(12), EMA(15)

1) Long (Slow) Group:
EMA(30), EMA(35), EMA(40), EMA(45), EMA(50), EMA(60)

i only trade 3 pairs (eurusd, eurjpy and audusd), i wate so see the 5m blue guppy(long) to be expanded and thend switch to m1 and wate for the contraction (the contraction shows agreement for the trend in place) and then entry if it start to expand, and yes, im also looking for engulfing, dojis and stuff for better entry and exit, also you can use elliot wave

have a good one!

and remenber the 5m long guppy needs to be start to expand and fresh!
passion and discipline
  • #24
  • Nov 25, 2010 8:24am Nov 25, 2010 8:24am
Quoting beehivesjoe
Hey ro,

I noticed you were looking up everyones threads yesterday (im a stalker) I just found a recent one that was started that you would have missed probably because it's just called scalping or something. I remember him from 2007 in Linux thread, after thousands of hours screen time he figured out a GMMA system that works great for him. He uses WMA and also an indicators. You don't like his indicators but his is based on the wmas. When price pulls back and then closes below whatever wma he uses that would be a signal. So it gives you great...
thank you beehivesjoe!

actually it is a good thread, we should work toguether!
have a good one!
passion and discipline
  • #25
  • Nov 25, 2010 9:11am Nov 25, 2010 9:11am
Quoting rohule
hi Joe!

and remenber the 5m long guppy needs to be start to expand and fresh!
Hi rohule,

really great system!

I do not quite understand what you mean with your above statement. Do you mean for every new entry on the 1m the 5m long guppy needs to compress and expand again? Or what do you mean with "fresh"?

Thank you,
Oliver
  • #26
  • Nov 25, 2010 9:43am Nov 25, 2010 9:43am
Hi ,Thanks rho

I've been trading for a few years now, and I've had a hard time sticking to one strategy. It helps a lot knowing you trade for a living, I've always been trying to figure out how to trade GMAA. I will defiantly be following this thread

Does this work on any timeframe? Lets say I wanted to trade the daily? Would you just use the Daily and your signal and then enter off the 4 hour?

My last question for the day, once you get your signal and move down to the trigger frame, do you exit based off your trigger frame or do you move back up to your signal timeframe to base exits?

Sorry for the dumb questions Happy Thanksgiving!
  • #27
  • Nov 25, 2010 9:47am Nov 25, 2010 9:47am
Quoting Olarion1975
Hi rohule,

really great system!

I do not quite understand what you mean with your above statement. Do you mean for every new entry on the 1m the 5m long guppy needs to compress and expand again? Or what do you mean with "fresh"?

Thank you,
Oliver
Hi Olarion!

yes, wee have to enter rigth after the compresion of the short guppy(white) and the long guppy (5m)must be expanded after the firts swing, i oly trade the 2th and the 3th, maybe the 4th, after it can be dangerous,
passion and discipline
  • #28
  • Nov 25, 2010 9:50am Nov 25, 2010 9:50am
Quoting rohule
Hi Olarion!

yes, wee have to enter rigth after the compresion of the short guppy(white) and the long guppy (5m)must be expanded after the firts swing, i oly trade the 2th and the 3th, maybe the 4th, after it can be dangerous,

Do you only trade the 5 and the 1? OR do you trade others to? I was just wondering why you chose these timeframes over the 30 second and 5 seconds? All the big moves start from the smaler time frame? Just a thought.
  • #29
  • Nov 25, 2010 9:59am Nov 25, 2010 9:59am
Quoting beehivesjoe
Hi ,Thanks rho

I've been trading for a few years now, and I've had a hard time sticking to one strategy. It helps a lot knowing you trade for a living, I've always been trying to figure out how to trade GMAA. I will defiantly be following this thread

Does this work on any timeframe? Lets say I wanted to trade the daily? Would you just use the Daily and your signal and then enter off the 4 hour?

My last question for the day, once you get your signal and move down to the trigger frame, do you exit based off your trigger frame or do you...
thank you joe! here in Mexico we dond celebrate thanksgiving but than you! i apreciated, and happy thanksgiving for you and for all you people!

Actually this system was designed for daily tf, and yes you can enter a trade on 4h, i use 5 and 1m because i like more acction.
i get the first signal from 5m, then i switch to 1m, if the trade last more than 5 min i switch again to 5m to have better looking of whats going on.
passion and discipline
  • #30
  • Nov 25, 2010 10:13am Nov 25, 2010 10:13am
Quoting beehivesjoe
Do you only trade the 5 and the 1? OR do you trade others to? I was just wondering why you chose these timeframes over the 30 second and 5 seconds? All the big moves start from the smaler time frame? Just a thought.
hi!

I also use 15 and h1 so i can see the hole picture (on higher tf i focus only in the short guppy)

The market does not really has tf, we can watch any tf we like for better understanding, the moves can happen on 1m 5m h1 etc, i like 1m and 5m because i like to be in action and i dond like to wate to long for taking a trade or taking profits.

best regards!
passion and discipline
  • #31
  • Nov 25, 2010 10:21am Nov 25, 2010 10:21am
to Joe!

dude you need to stick with one sistem, any one you like and trade all the way, need to be patience, stick with one and mastered!
like Mr. bollinger said: there are no not bad systems, only bad traders, you have to pick a sistem, any sistem and trade it!
passion and discipline
  • #32
  • Nov 25, 2010 10:25am Nov 25, 2010 10:25am
Quoting rohule
to Joe!

dude you need to stick with one sistem, any one you like and trade all the way, need to be patience, stick with one and mastered!
like Mr. bollinger said: there are no not bad systems, only bad traders, you have to pick a sistem, any sistem and trade it!
Yes master I've figured this out a few weeks ago! You put it into much better words though. If I could give you vouchers I would The problem is.. I like them all! So many cool strategies, I'll stick with one and then see another awesome strat. That's the problem with forex To many cool things!

I'll defiantly agree, I need to stick with one. My problem now is which one.. I like yours a lot, but what I've been doing for the past few days is plotting the .25 .50 .100 round numbers on the chart. When price reaches these numbers (im watching on the 5) I see how it reacts. If it looks like it's going to reverse off of it (usually it reverses back to the previous one ex .50 down to .25) I go down to the 5 second chart and get in with a 2 pip stop. when I get 3+ positive I move my stop to BE and see where it takes me. My biggest problem is I don't know if I want to trade profit at x ammount of pips each time like 10 pips or keep moving to break even and letting it go. Because if you enter in the direction of the main trend you could ride it for 100s of pips with huge leverage (only using 2 pip stop)

That's my problem (love to hear masters thoughts lol)

Happy Trading!
joe
  • #33
  • Nov 25, 2010 10:55am Nov 25, 2010 10:55am
After talking with my mom for a bit.. (visiting for thanksgiving )

I've come to a conclusion. IM RETARDED! You are trading for a living (my goal since 7th grade) You are posting your strat! You are posting examples. Why would i try to figure something else out?!

I'm writing this down now for a promise to myself with witnesses. I WILL FOLLOW THIS STRATEGY ONLY!!!!

Thanks a lot man! Hope to see you on the other side soon

I have a job where I can trade during the job, so I don't need to trade only just yet. But is your recomended ammount to start with to build my account? I don't have a ton of money, but I will keep putting money into my account each paycheck (a certain %) until I have proven to myself I can trade for atleast a year making gains. How much is enough to start with to have a decent ammount at the end of the year if it was you trading it

How much did you start with? Thanks so much, you are my hero !
joe
  • #34
  • Nov 25, 2010 11:28am Nov 25, 2010 11:28am
Quoting beehivesjoe
After talking with my mom for a bit.. (visiting for thanksgiving )


joe
thank you joe!

thank you joe but i dond deserve that (but thank you i appreciate a lot)
the thing here its that you need to became you own hero, how? with hard work, books, screen time ,patience and the most important thing is self confidence, if you are thinking like a pro you will be a pro!

i recomend you to start with 100 bucks acc using .001 lots (one cent per pip) on live acc, i dond like demo because we never really trade like the same, once you have a preatty decent % of winning then trade 1000 acc, easily you can make 1% every day so at the end of the month you will have 10% at least, and then its only matter of time!
passion and discipline
  • #35
  • Edited 4:10pm Nov 25, 2010 4:08pm | Edited 4:10pm
hi rohule,

your trading sounds very smart indeed ;-)

here is a screenshot with a guppy template and my indicator volcanowma.mq4

just check this out:

http://img816.imageshack.us/img816/5...etatradera.png

our trading is very similar. you wrote some rules on the first page that i follow too but didn't notice them in my thread. i'm a kind of synthetic person if you get what i'm saying.
I tend to go straight to the goal and and skip over the things who sound logic to me.

keep in touch.
if you win you can share if you loose you can try to sell your shit.
  • #36
  • Nov 25, 2010 4:27pm Nov 25, 2010 4:27pm
and now the same screen with my template:

http://img808.imageshack.us/img808/7...0metatrade.png

both really worth it ;-)
if you win you can share if you loose you can try to sell your shit.
  • #37
  • Nov 25, 2010 5:11pm Nov 25, 2010 5:11pm
here could be a very good combination of our strategies:

using Guppy MMA Oscillator when looking for short and an arrow appears with a cross happening below the zero line or when looking for long an arrow appears and a cross happening above the zero line then it 's a good signal on both strategies.

check out the picture:

http://img220.imageshack.us/img220/7...0metatrade.png

just some thoughts...
if you win you can share if you loose you can try to sell your shit.
  • #38
  • Nov 25, 2010 5:40pm Nov 25, 2010 5:40pm
rohule. Keep posting those trade examples with 5 min & 1 min charts side by side..

Thanks for your hard work
  • #39
  • Nov 25, 2010 6:15pm Nov 25, 2010 6:15pm
Quoting rohule
thank you joe!

thank you joe but i dond deserve that (but thank you i appreciate a lot)
the thing here its that you need to became you own hero, how? with hard work, books, screen time ,patience and the most important thing is self confidence, if you are thinking like a pro you will be a pro!

i recomend you to start with 100 bucks acc using .001 lots (one cent per pip) on live acc, i dond like demo because we never really trade like the same, once you have a preatty decent % of winning then trade 1000 acc, easily you can make 1% every day...
hi ro


thanks for posting your system.

i had a look at your first charts you posted. too many things going on. i dont understand where to enter and exit trades ? what do we look for and any filters to be used ?

can you please clarify.


thanks
  • #40
  • Nov 25, 2010 6:32pm Nov 25, 2010 6:32pm
hi Kikoolol and friends!

here i attach one of my trades using volcanowma and G#macd that indi do you think that will work better? and also im thinking in how to avoid false signals, how do you think we can do that?
Attached Images
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