GMMA Guppy 5m and 1m

Hi,,rohule,

Big fan of your book and DVD. I have a question.

Is there a way to use the GMMA to very quickly scan the currency pairs and identify the pairs that is suitable of using GMMAs?

Guys is anybody trading this setup? Hoping that my Charts can remain fast with this method on Im going to take some clean m5 setups alongside my normal H1 method I trade...

I had to quit trading this method unfortunately before because of it hogging my resources and crashing my motherboard (problem Ive resolved now) since the guppy's quite intensive.

Anybody made positive pips with this lately? Any updates here would be nice, hope your keeping well Roberto

Ive got 2 Indicators that might help folks who are interested in Trading with Roberto's method and make spotting entries easier...

the first one, the FanSimple indicator Im using in my chart posted below as seen by the Yellow Dot and Blue Arrow at the top right hand side of my screen...Basically it checks all the Moving Averages that make up our Blue Guppy to make sure that they are ALL in the correct Orientation... so that we can enter make decision to enter a trade or not If we have our blue arrow under the Yellow Dot. If the Guppy MA's are not aligned, it wont display the arrow underneath, when the MA's are aligned short in the correct order it will display a red Arrow instead.

For the settings, you can set all TimeFrames to 0, just ensure you set the First TimeFrame setting to 5 so that will read the Guppy MA's from just your m5 chart, to keep things simple.

The moving average settings are 30, 35, 40, 45, 50 and 60 ... These need to be set in the DisplayMA1-6 fields, leave the DisplayMA 7 and 8 to 0 because ouf Blue Guppy MA only has the above 6 moving averages so thats all we need...

Ensure all the fields for the TypeOfMA are set to 1, that's for EMA's which is what we want, and change all PriceOfMA to 0 to use EMA's that are Closed. All other settings can be kept as they are. This indicator is simple but it helps u to not strain your eyes as when the Guppy compresses or changes over, its often hard to see if they are in the correct order or not. When the Orientation is correct, this increases the chances of a profitable trade.

The 2nd indicator ive just found as a Viable trade filter, Its a T3 RSI set to 150 in the settings, when its above the Red line, Longs only, When its Crossed below, Shorts only...

It appears to take out some of the fake outs quite nicely and May compliment the Method. Ive attached a chart below to show 2 possible entries for short trades on Friday with this indy...

If you see the two Yellow Vertical lines that ive marked my entry, The Guppy appears to be in Good orientation ready to fall with Price, And The T3 RSI crosses to the downside just when price is ready to start falling, notice before both the marked entries how price tries to fall but ends up going the opposite direction for a while. These were nicely avoided by the Help of the T3 RSI to enable us to take profit around the Fibo S1 level since we're under the daily Fibo Pivot.

I hope maybe this info is of some help for trades using this method. I'll try posting some more charts later in the week.

Posting an Example of a Trade on the EurUsd from the 12th July this week of a Short and Long trade since we're Under the Daily Fibo Pivot, its safe to go short then trying to trade countertrend...But I explain the safest way to Countertrend for those looking to Long later in the day according to my chart.

(the 3 blue lines on the chart are the s1, s2 and s3 fibo pivot levels)

Ive marked 4 possible Trade entries on the Chart ive posted with 4 vertical lines, 3 of these possible entries are on the Right hand side are Countertrend to go Long, and the first Vertical line is with the Trend to go Short...

The 1st Vertical line ive colored Purple Coincides after a TrendLine Break and would have been taken just after the candle closed below the blue S2 level, again, Being under the Daily Fibo Pivot and having the CORRECTLY stacked/Orientated Guppy MA's increases our chances of profitability and prevents use from getting stopped out easily as was the case for people who tried going long later in the day without looking for a properly stacked Guppy.

You can see from the first 2 Red colored Vertical lines price although it closed over the Fibo s2 level, it didn't go long, Like i mentioned in my last post If we wait till we have the CORRECT Guppy orientation and Our MA's of 30, 35, 40, 45, 50 and 60 ma's are in the correct order, we see that they started to become stacked properly to go long in the 3rd Vertical line colored Yellow that ive marked, that entry would have been the Safest to wait for IF you want to risk countertrend since we are below the Daily Fibo Pivot and have a short Bias, but countertrending with the Correct Guppy would have been the most profitable out of the 3 possible long entries.

Again for those who aren't sure how to spot the Guppy in the Correct order/orientation, check my previous post and Ive posted an indicator that shows a Blue or Red arrow in the top right hand corner of the chart so you can quickly and easy see when the Guppy is arranged correctly to give you the safest entry's.

Now that my Motherboard and PC doesn't crash I can hopefully take these entries with this Guppy as Ive marked in my screenshots. I hope this post was helpful. If anybody has any further insights, please do share.

Seems good, thanks for sharing.

thank you so much Vishal i will test is this week!

have a good one!

Attached the chart of a trade I was following today...By around the London open, I Knew price needed a proper retracement upto even the S1 level from the S3 level so I didn't fall for any fake short entries, and even though my long trade today was countertrend, I ensured that the Guppy was properly aligned with the right orientation...

Entry was around 65 ish on the Euro to go long marked with the vertical line and took profit around 93 ish just under the S1 line. After I got in the trade even though it was safe, trade went against me for a moment, I survived by just 2 pips, phew lol.

Anyway done for the day, will look out for more setups and post later in the week If i get time.

After 2 years of using GMMA, I already familiar with its patterns. Thus, I removed some unimportant Moving Averages from GMMA. The remain Moving Average are 3, 15, 30 and 60.


Previous Chart:


http://lcchong.files.wordpress.com/2...ng?w=877&h=397


New Chart:


http://lcchong.files.wordpress.com/2...ng?w=877&h=399

clc4x,

Tell us more about your trading. For example is the macd a
no-lag macd or a regular macd 12-26-9. Tell us about your
edge.

Tks

snarlyjack

it is just a normal macd.

I do not use it as entry/exit criteria, but to use it to identify bullish/bearish divergence for 2 purposes in brief:

1. trend trading - i will avoid to enter if regular bullish/bearish divergence happen.
2. reversal trend trading - bullish/bearish divergence give me entry signal

If you want to know more, you can visit my blog to download my trading plan.

Ehoooooooooo ?

GREAT!

Heh just want to say how much I appreciate all the work you guys put into this, as it has quickly become my favorite template for all the reasons already stated in here. I love it for Binary Options, by far the most profitable I have ever been. Thanks again.

This is a great thread.... lots to be learnt here... well done Rohule.

We should revive this thread.. this is one of the best scalping system out there

Hi all. I will continue this tread using guppy system. I think it is in line with Chinese philosophy of Tai Chi, but the accurate entry is a little hard， good feelings and imagination is needed. I will trade DAX30.
Yesterday is not good for me. Made a mistake of chasing price, have one BE trade to -3% loss. Another two are correct and two BE trades.

Another 3 trades just taken. 2 losses -6%, one win 10%. For me I think I can avoid 1st one by reading the market next time, will see.

Today 2% total profit by far.

This one will not be taken

Another short was made. 1%backup, maybe exit a bit early, but ok with that, dinner time

Another BE, should hold longer, as timid as a rabbit