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Attachments: Pip Guru Trendline (PGT) System
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Pip Guru Trendline (PGT) System

  • #21
  • May 26, 2013 3:20am May 26, 2013 3:20am
Quoting fxforever
Hi Pip Guru! In what form you publish LIVE TRADE SETUP? In advance before expected breakdown of the trend line or right after breakdown? May you give an example of the earlier published? These signals free? Thanks.
Those signals are free, kindly check every hour between 5GMT to 14 GMT. Once there is a confirmed break in the hourly i will update the signals, usually it may be 5-10 mins before the actual trade happens. So do check hourly on the respective time.
Wait for the market to come to you.. then take the green pips..
  • #22
  • May 26, 2013 3:39am May 26, 2013 3:39am
Hi Pip Guru! Two more questions.1. What do you think of use of TD trendlines (Lev.DP=3) for creation of trend lines on TF below the TF1D ? 2 .Do you open the trade only after reversal bar will be closed above (below) trend line or there is other criterion? Thanks.
  • #23
  • May 26, 2013 4:53am May 26, 2013 4:53am
Quoting fxforever
Hi Pip Guru! Two more questions.1. What do you think of use of TD trendlines (Lev.DP=3) for creation of trend lines on TF below the TF1D ? 2 .Do you open the trade only after reversal bar will be closed above (below) trend line or there is other criterion? Thanks.
I never use TD trendlines always manually draw to get perfect setup. Trade is confirmed on the break and close above trend-line and trade initiated on touch back to trendline.
Wait for the market to come to you.. then take the green pips..
  • #24
  • May 26, 2013 5:58am May 26, 2013 5:58am
Quoting PIP Guru
{quote} hi david when the break does not retrace back i will not enter and leave the trade.. i am following 5 pairs so chances will happen in others, in Forex you should let go the missed opportunity and wait for the next one. Regarding the second scenario i was explaining, it is were the levels come in to play you shold be aware of previos highs and lows and place your Tp near to that levels.
ok got it. thanks pip guru!
  • #25
  • May 26, 2013 12:19pm May 26, 2013 12:19pm
EU trade plan for the day, lets see which direction the market moves tomo..

Attached Image (click to enlarge)
Click to Enlarge Name: eu setup.png Size: 33 KB
Wait for the market to come to you.. then take the green pips..
  • #26
  • May 26, 2013 4:20pm May 26, 2013 4:20pm
Quoting PIP Guru
EU trade plan for the day, lets see which direction the market moves tomo.. {image}
Thanks for the clear instructions Pip Guru.

Do you still trade this strategy on days like Monday when London is on a bank holiday?
If Daily and H4 are on a recent uptrend (as well as H1) do you still take the downbreak trade on the H1?
Also, do you use a bigger SL and TP generally for the H4 and Daily breaks than you do for the H1 breaks, or do you always keep it around the same?
  • #27
  • May 26, 2013 7:59pm May 26, 2013 7:59pm
Hi Pip Guru,
This is my trading style and I usually only trade the first 3 to 4 hours of London session. I have only watched EU and GU as I have found that these pairs are volatile in this period. My geographical location enables me to trade the Asia session but found that I was not being very profitable in these sessions. Do you follow the Yen pairs during Asia session and EU and GU during London as I read that you trade 5 pairs and do you always only trade down to the 1 hour?
Thanks for creating this forum
Hammo
  • #28
  • May 26, 2013 9:50pm May 26, 2013 9:50pm
There is a trendline break on EU, Setup updated here
Wait for the market to come to you.. then take the green pips..
  • #29
  • May 26, 2013 9:58pm May 26, 2013 9:58pm
Quoting ForexKiwi
{quote} Thanks for the clear instructions Pip Guru. Do you still trade this strategy on days like Monday when London is on a bank holiday? If Daily and H4 are on a recent uptrend (as well as H1) do you still take the downbreak trade on the H1? Also, do you use a bigger SL and TP generally for the H4 and Daily breaks than you do for the H1 breaks, or do you always keep it around the same?
Today is a holiday, but if there is a clear signal there is no harm in taking it. I am a intraday trader i usually use 1 hr to take the trade 4hr and daily are just to gauge the sentiment. 4hr and daily trendline breaks need varying stop loss. Since i can afford only 50 pips to lose i stick to 1 hr only.
Wait for the market to come to you.. then take the green pips..
  • #30
  • May 26, 2013 10:01pm May 26, 2013 10:01pm
Quoting Hammo
Hi Pip Guru,This is my trading style and I usually only trade the first 3 to 4 hours of London session. I have only watched EU and GU as I have found that these pairs are volatile in this period. My geographical location enables me to trade the Asia session but found that I was not being very profitable in these sessions. Do you follow the Yen pairs during Asia session and EU and GU during London as I read that you trade 5 pairs and do you always only trade down to the 1 hour?Thanks for creating this forumHammo
Yes mate i do trade in asian sesssion, for AU and UJ usually 2 to 3 hours before london open. EU and GU @ London. But there are exceptions as today is holiday.. EU has already made a trendline break so we are waiting for retracement at the moment.
Wait for the market to come to you.. then take the green pips..
  • #31
  • May 26, 2013 10:03pm May 26, 2013 10:03pm
Subscribed. tq for the system
  • #32
  • May 26, 2013 11:13pm May 26, 2013 11:13pm
Quoting PIP Guru
There is a trendline break on EU, Setup updated here
Hi Pip Guru!You wrote in Live trade setup:

"There is break in trendline in EU to the lower side, Short @1.2930 BE after 20 Pips TP can be 30 -40 pips, SL 30 - 40 Pips. It is a 1:1 Trade" but the subsequent bar didn't retraced back to the trend line. I ask to explain. Thanks.
  • #33
  • May 27, 2013 12:15am May 27, 2013 12:15am
Quoting fxforever
{quote}Hi Pip Guru!You wrote in Live trade setup: "There is break in trendline in EU to the lower side, Short @1.2930 BE after 20 Pips TP can be 30 -40 pips, SL 30 - 40 Pips. It is a 1:1 Trade" but the subsequent bar didn't retraced back to the trend line. I ask to explain. Thanks.
If i am correct the price reached max 2928 still two pips away from my entry. if you measure the opening of the next bar if there was a trendline touch it could have been 2932 or so.. but it did not. days high is 2943 so entry at 2930 would be a viable spot with 30 -40 pip stop loss. The live trade setups may or may not be based on the system.
Wait for the market to come to you.. then take the green pips..
  • #34
  • May 27, 2013 12:54am May 27, 2013 12:54am
[Speechless]
It's all 'bout the dum dum...
  • #35
  • May 27, 2013 10:43am May 27, 2013 10:43am
AU trade is on you can lock the trade to BE, Eu trade you can exit at BE there is dead movement in the pair and after the end of London session it is wise to stay out. It can go down but safe trading is best. (Live setup page)
Wait for the market to come to you.. then take the green pips..
  • #36
  • May 27, 2013 12:43pm May 27, 2013 12:43pm
AU trade that was taken today

Attached Image (click to enlarge)
Click to Enlarge Name: Au trade.png Size: 37 KB
Wait for the market to come to you.. then take the green pips..
  • #37
  • May 27, 2013 1:01pm May 27, 2013 1:01pm
Mr Pip Guru , the aud trade don't have yet reache the BE ? Thanks a lot for your system
  • #38
  • May 27, 2013 1:47pm May 27, 2013 1:47pm
Quoting gigioforex
Mr Pip Guru , the aud trade don't have yet reache the BE ? Thanks a lot for your system
it already reached BE and then retraced.. you should be alert to move the trade..
Wait for the market to come to you.. then take the green pips..
  • #39
  • May 27, 2013 4:02pm May 27, 2013 4:02pm
Hi Pip Guru thanks for bringing back basics. One question about this. Is this purely a breakout system or also do you use Trendlines for taking trend following trades?
  • #40
  • May 27, 2013 5:09pm May 27, 2013 5:09pm
Quoting PIP Guru
AU trade that was taken today {image}
Pip guru, is the red TL on the chart valid? If not, why?
Attached Image
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