Thanks for sharing this indicator. This is going to help me with my stop loss, which is something I struggled with in a major way. It will also help me with my entries as well.
this is a grate indi, use it when you have a nice trend and set up. for long wate for the first green dot to apear and place an order rigth after the candle closeses and red dot for short
Rohule.. either here or thru email, show me your
dredding/guppy combo how you trade that together
for all interested?
So you trade Dredding M5/M15... then when
it shows a short for example do you go straight
to your M1 guppy for entry or.. please explain
your process..I am sure there are others like me
that want to improve on the basics given in that
system..ie reduce draw down and pin point better
entries.
absolutely, i also have combined with Dedding and it works awesome, i trade in 5 and 15 minutes and i have 90% average or winners and i making no less that 50 pips a day, so yeah! we have a very very good method.
do you use HA to confirm or golden super k? i use golden super k because it shows the color of ha but i can still see the pa
Would you please post your template and setup for your guppy version. This way we can choose what works best for each and of us and share improvements.
Tank u for the ebook mr.Rohule,such a valuable information,will take mi sometime to go through, anyway tis is my chart for today at euro open,the level 1.3536, I wonder when EU will break through,or may be dats a point for a major reversal?any Idea?
Rohule.. either here or thru email, show me your
dredding/guppy combo how you trade that together
for all interested?
Brian
Ignored
hi brian!
sorry for the dalay!
ok, its very very easy indeed
1; firts thing to do its find a good trend (no trend no trade)
2. my main tf is m5, if the price has cross the fib and make a retrace to the fib i enter when i have a candle in the direction of the trend (red if short and green if long) you have to wate for the confirmation
3, if the retrace occurs in the middle if the fibs i need to see if i have at least 15-20 pips of room to enter in that trade and i enter in the trade after candle and sl dots confirmation
4. if the retrace occurs near the fib i place a pending order when the price has cross the fib (only if you see nice trend and momentum, hh or ll)
5. if the price has make a retrace but is near the fibo (less than 10 pips) i sit on my hads and wate for another set up
(you can do it on m1 if you have a good grasp on this)
cheers!
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Joined Jan 2010
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Status: trading 4x 4 life
|559 Posts
my bigest problen in forextrading was the mindset, for example:
1. lack of confidence (the method works!, do you?)if you know you you will beat the market!!!
2. lack of diciplin (follow the rulles and lern for the market every day)
3. forcing the trades (please dond force a trade, wate for the perfect set up)
4. fear (if you can overcome the above you will drop frear automatically)
once you can overcome that (i hope you already have overcome that) the sky is the limit. you will have a financial freedom!!!!
i hope this helps to acheive that!
(also take a look at the books i post in the firt page)
my bigest problen in forextrading was the mindset, for example:
1. lack of confidence (the method works!, do you?)if you know you you will beat the market!!!
2. lack of diciplin (follow the rulles and lern for the market every day)
3. forcing the trades (please dond force a trade, wate for the perfect set up)
4. fear (if you can overcome the above you will drop frear automatically)
once you can overcome that (i hope you already have overcome that) the sky is the limit. you will have a financial freedom!!!!
i hope this helps to acheive that!
(also...
Ignored
Couldn't agree more with u my friend, unforunately I have to take a break from trading ,I need to go perform my tour of duty,doing the job that i hate and but still doing it for the sake of money, but I will use this time to finish reading all the materials that u have supply,and I will come back strong,(hopefully),take care and have a profitable trade to all the reader of this wonderful thread!!
Couldn't agree more with u my friend, unforunately I have to take a break from trading ,I need to go perform my tour of duty,doing the job that i hate and but still doing it for the sake of money, but I will use this time to finish reading all the materials that u have supply,and I will come back strong,(hopefully),take care and have a profitable trade to all the reader of this wonderful thread!!
Ignored
Hi!
Take it like a vacation from trading, and try to enjoy your work, it's money anyway.
And yes, you will comeback stronger after the brake, your brain needs to crear some trading ideas that's why I take vacation every 3 months.
Have a good one and I will see you when you r done!
I just wanted to weigh in on this thread. I have been trading long term for years and I still do. However, I have been looking for a short term trading method to get 25-50 pips a day. I like the idea of only risking 15 pips a trade and collecting around 25-30pips within the session. I have been using Guppy MA's for the last month on a 15 min chart. I am winning about 90% of the time and I could not be happier.
To me, the key to winning with this method is not limiting yourself to any given pair but trading a pair that has the best chance to move in that session. I do this by using parallel and inverse analysis. I will check all 28 pairs on a 15 min chart and determine which currency is weak and which is strong.
For example, if I check all the pairs and the EUR pairs are going up and the JPY look weak, I will trade the EUR/JPY. Repeat this each session. I follow Guppy rules and I use a pullback method that is mentioned earlier in this thread(three bars give or take, then take the break of the low bars high).
One also has to realize when they are trading to pull this off. My favorite time to trade is 630-1030 est or the "main session". Usually in this time, currency strength or weakness will stay the same for several hours giving someone a better chance thus increasing winning percentage. I just thought I would share this after I just stumbled across the thread. Just my 2 cents.
Just to give a live example, the CAD/CHF is lining up to be good trade if it pulls back at some point this morning. All the CHF pairs are strong and the CAD pairs are weak at the moment AND the pair has about 150 pips to go to the nearest resistance point. I know the spread is high, for me 8, but when you get a pair that sets up with parallel and inverse analysis, if will move big time and usually will give up plenty of pips. It makes for a real safe trade as well.
Just to give a live example, the CAD/CHF is lining up to be good trade if it pulls back at some point this morning. All the CHF pairs are strong and the CAD pairs are weak at the moment AND the pair has about 150 pips to go to the nearest resistance point. I know the spread is high, for me 8, but when you get a pair that sets up with parallel and inverse analysis, if will move big time and usually will give up plenty of pips. It makes for a real safe trade as well.
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Joined Jan 2010
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Status: trading 4x 4 life
|559 Posts
another buty!
its really hard to have a bad day, if you trade only evidend and AAA trades!!
i have reached my 30 pips goal (40 today) i done for today but i still in front of my screen!
