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GU Intraday System

  • #481
  • Nov 22, 2010 2:58am Nov 22, 2010 2:58am
Hi everybody! Last week I was pretty busy so I couldn't post. I apologize.
This morning I couldn't take the entry at 7.05 (GMT+1) because I was still sleeping , but I managed to enter as soon as the previous candle's high was taken @1.6021 after it bounced on Gann.
When I saw the price bumping the head against Resistance 1, I closed the trade at 1.6062 with +41 pips gain .
Did anyone notice that last week the better moves were in the afternoon?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
  • #482
  • Nov 22, 2010 8:58am Nov 22, 2010 8:58am
At 12.15 I took a short trade on the perfect signal on EU that was also about to take the last swing low @1.3723.
After a little panic for the walk about along Resistance 1, I decided to hold the position and tighten my SL.
Then I used a 25 pips trailing stop since I had to go to the gym to a class of savate.
When I came back, I found that my TS saved most part of the trade and was it @1.3642 with +83 pips gain .

Oke, your system rocks!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #483
  • Nov 22, 2010 12:36pm Nov 22, 2010 12:36pm
Quoting Fabius
At 12.15 I took a short trade on the perfect signal on EU that was also about to take the last swing low @1.3723.
After a little panic for the walk about along Resistance 1, I decided to hold the position and tighten my SL.
Then I used a 25 pips trailing stop since I had to go to the gym to a class of savate.
When I came back, I found that my TS saved most part of the trade and was it @1.3642 with +83 pips gain .

Oke, your system rocks!
Thanks for the complement. However, you may wish to add the qqe indy on my last post it will filter some of the false signals and give you early warning of reversal thus enhancing your confidence to take the trade.
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  • #484
  • Nov 22, 2010 12:47pm Nov 22, 2010 12:47pm
Quoting Fabius
Hi everybody! Last week I was pretty busy so I couldn't post. I apologize.
This morning I couldn't take the entry at 7.05 (GMT+1) because I was still sleeping , but I managed to enter as soon as the previous candle's high was taken @1.6021 after it bounced on Gann.
When I saw the price bumping the head against Resistance 1, I closed the trade at 1.6062 with +41 pips gain .
Did anyone notice that last week the better moves were in the afternoon?
Fabius when you add a little fundie to your trading knowledge you would be unstoppable. Remember the US Quant Ease program; the federal reserve is buying back treasury notes with the purpose that freed up money can be invested in other asset classes, hopefully the stocks. This creates the moves in the market as upswing in the stock market will translate to dollar selling and high risk pairs such as aud and nzd, gbp and euro are bought in that order the reverse is the case if the stock market moves down. Today's moves are however caused by the Irish problem and would be the theme for this week. It is a risk averse week
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  • #485
  • Nov 23, 2010 4:13am Nov 23, 2010 4:13am
Quoting okehiedon
Thanks for the complement. However, you may wish to add the qqe indy on my last post it will filter some of the false signals and give you early warning of reversal thus enhancing your confidence to take the trade.
Hi Oke, thank you for the input: wich settings on qqe? 1,8,3 or 1,14,3 ?
About your fundamental analysis, I see you are very expert on this subject: do you rely on it beside the technical analysis or if the chart tells you something that can be in opposition with fundamentals, you take the trade the same?

What do you think about today's charts of GU, EU and EJ?
They are pretty scaring, aren't they?
  • #486
  • Nov 23, 2010 10:19am Nov 23, 2010 10:19am
Does anybody know if there is an alarm for the crossover between MA and Gann or between price and MA or between price and Gann?
I guess it would be pretty useful not to stay gazing at the screen all the time.
Thank you

This afternoon I missed all the beautiful moves on EJ and EU.
No problem: tomorrow is another day
  • #487
  • Nov 23, 2010 2:01pm Nov 23, 2010 2:01pm
Quoting Fabius
Hi Oke, thank you for the input: wich settings on qqe? 1,8,3 or 1,14,3 ?
About your fundamental analysis, I see you are very expert on this subject: do you rely on it beside the technical analysis or if the chart tells you something that can be in opposition with fundamentals, you take the trade the same?

What do you think about today's charts of GU, EU and EJ?
They are pretty scaring, aren't they?
Default setting is what I use for the qqe. I have attached it.
The GU intraday system is my bread and butter if I trade intraday. But when I am off doing other things such as today (I trade of 4hr, dailies) Combining tech and fundies to the daily chart using the gu intraday system (using gann 8 sma 8) to confirm my sentiment on the dailies. For example, remember I told you of the risk averse mode of the market. I shorted Eur Usd with the above criteria and took 150 pips from 1.3620.

Tonight I will take a look at GU using the same process. It has broken significant support on daily at 1.5869 area. Now I would pull my fibs from todays high low range using the GU Intraday system and look to sell at the 38.2 or 50 fib ret or former supt at 1.5860 area because the move is quite extended for now.

you can use the system on the dailies with all major pairs, just take a look at cadjpy gbpjpy eurusd, etc you can clearly see the potential and know when a pair is trending and which direction is going. This is how I currently use the system apart from the default approach in this thread
Attached File(s)
File Type: ex4 QQEA_Alert.ex4   6 KB | 862 downloads
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  • #488
  • Nov 23, 2010 4:17pm Nov 23, 2010 4:17pm
Oke! Thank you very much for everything; very interesting indeed and congratulations for your pippage today!
I'll make good use of these infos and in the future I hope to be profitable like you
  • #489
  • Nov 29, 2010 3:20pm Nov 29, 2010 3:20pm
Hi,
regarding the qqe's settings should I use the default settings 21, 5 (and for all the timeframes)?
I am doing very good with it but I would like to be sure about the way you use it. Do you wait for the lines to cross the 50 lines after crossing each other when you want to open a new trade or the first cross with the lines is enough for you if it agrees with the cross between Gann and MA8 on the chart?
The last QQE you used before this one had also levels of 30 and 70: are you still using them or we can say that 50 level is enough for our purpose?

Thank you
Cheers
Fabius
  • #490
  • Nov 30, 2010 12:04pm Nov 30, 2010 12:04pm
The QQE is a modified RSI indy and therefore I use 14,5 and trade the crossing of the lines which confirms the gann. The QQE usually gives you an indication of price reversal and I use it to filter the gann signals. It serves also a double purpose as an rsi with settings 70,30,50 which are just to help me know overbought and oversold conditions.
Quoting Fabius
Hi,
regarding the qqe's settings should I use the default settings 21, 5 (and for all the timeframes)?
I am doing very good with it but I would like to be sure about the way you use it. Do you wait for the lines to cross the 50 lines after crossing each other when you want to open a new trade or the first cross with the lines is enough for you if it agrees with the cross between Gann and MA8 on the chart?
The last QQE you used before this one had also levels of 30 and 70: are you still using them or we can say that 50 level is enough for our purpose?...
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  • #491
  • Dec 2, 2010 2:53pm Dec 2, 2010 2:53pm
hello guys

im back... i was away for a moment but im back

this is great system. But for me for pr0 traders who spend all time lloking et the market and who knows what drives $$$.

im back and system is heavy tasted now
  • #492
  • Dec 2, 2010 4:35pm Dec 2, 2010 4:35pm
Quoting falwic
hello guys

im back... i was away for a moment but im back

this is great system. But for me for pr0 traders who spend all time lloking et the market and who knows what drives $$$.

im back and system is heavy tasted now
Welcome back falwic, however I do not really get you drift, could you explain what you mean
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  • #493
  • Dec 24, 2010 8:37pm Dec 24, 2010 8:37pm
Merry Christmas and a Happy new year to every GU Intraday trader
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  • #494
  • Dec 31, 2010 7:08am Dec 31, 2010 7:08am
And I will say:
"Happy New Year" to everyone.
- once again, Thank you Okehedion for you have helped refine my intraday trading strategy by the method you've taught in this thread.
Looking forward to a better trading year in 2011 as I apply all I have learnt in 2010. Its always getting better.
regards mon ami.
  • #495
  • Jan 1, 2011 1:07am Jan 1, 2011 1:07am
Quoting okehiedon
Merry Christmas and a Happy new year to every GU Intraday trader
Happy New Year Brother Okeheidon,

i still here, to watch your analys,,
only an analysis, and I'm always wrong, don't follow me,
  • #496
  • Jan 13, 2011 12:25pm Jan 13, 2011 12:25pm
Quoting okehiedon
Merry Christmas and a Happy new year to every GU Intraday trader
Thank you (a bit late, sorry).
Happy New Year to you, Oke, and to all the traders fond of this system.
I'll make good use of it, in the next years
  • #497
  • Jan 20, 2011 3:34am Jan 20, 2011 3:34am
Hi everybody.
Firs sorry for me pure english. I m newbie in forex. I try to understand of you system. I know, you use both fundamental and technical an. But which par is good to trade with this system between 4-12 PM GMT? Because i can look on chart only after work.
What do you think?
  • #498
  • Jan 21, 2011 8:41am Jan 21, 2011 8:41am
Quoting Varso
Hi everybody.
Firs sorry for me pure english. I m newbie in forex. I try to understand of you system. I know, you use both fundamental and technical an. But which par is good to trade with this system between 4-12 PM GMT? Because i can look on chart only after work.
What do you think?
Sorry did not answer earlier. The system was originally developed for Gbp Usd, but could be used to trade any pair you want. The time you are given I am afraid, is not the best time to trade forex. Unless you want to try trading the london close at 5pm GMT where there might be enough volatility to give you some pips.
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  • #499
  • Feb 16, 2011 2:57am Feb 16, 2011 2:57am
Is anyone else in this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 30 KB
  • #500
  • Feb 17, 2011 11:30am Feb 17, 2011 11:30am
This is very interesting indicator (Gann Hilo Activator) and I would like someone to code it as Expert Advisor. Thanks
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