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

  • #41
  • May 27, 2013 9:34pm May 27, 2013 9:34pm
Quoting mario777
{quote}Pip guru, is the red TL on the chart valid? If not, why? {image}
To me it looks valid!
What's win loss ratio since you've been using? Any chance scaling in, in other words pyramiding?
  • #42
  • May 27, 2013 9:43pm May 27, 2013 9:43pm
Quoting bksujal
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?
It is actually breakout retrace system.Trade happens both ways, yesterdays trade in AU was with the trend.
Wait for the market to come to you.. then take the green pips..
  • #43
  • May 27, 2013 10:04pm May 27, 2013 10:04pm
Quoting mario777
{quote}Pip guru, is the red TL on the chart valid? If not, why? {image}
Always remember when you are trading for the day your trend lines should end a day before. You should not include the days action in the trendline. That is the concept. At least 2 days of prior data for 1 hr trend line.
Wait for the market to come to you.. then take the green pips..
  • #44
  • May 27, 2013 10:15pm May 27, 2013 10:15pm
GU looks promising for the day for a downside trade.. Let's see what happens.
Wait for the market to come to you.. then take the green pips..
  • #45
  • May 27, 2013 10:30pm May 27, 2013 10:30pm
Quoting PIP Guru
GU looks promising for the day for a downside trade.. Let's see what happens.
i short @1.50966.. GU PA kiss my trendline.. what do u think about that?
  • #46
  • May 27, 2013 10:31pm May 27, 2013 10:31pm
Can you explain the entry/exits a bit better? I still don't understand what you mean.

Price has to close outside of the trendline on 1HR, and then has to do what? Retrace back to the trendline before you open a trade? So if it open above trendline and then closes touching the trendline/back into the trendline, you enter?


this is confusing.
  • #47
  • May 27, 2013 10:33pm May 27, 2013 10:33pm
Excellent post based only on price action.
Congrats for showing us super neat charts!
Cheers
R
  • #48
  • May 27, 2013 10:36pm May 27, 2013 10:36pm
Quoting Tok
Can you explain the entry/exits a bit better? I still don't understand what you mean. Price has to close outside of the trendline on 1HR, and then has to do what? Retrace back to the trendline before you open a trade? So if it open above trendline and then closes touching the trendline/back into the trendline, you enter? this is confusing.
The 1 hr bar should break the trendline and close above it and next bar or subsequent bar should retrace back to the trendline to initiate the trade in that direction. Always stop loss can be 30 - 50 pips... TP can be to the significant line.


Wait for the market to come to you.. then take the green pips..
  • #49
  • May 27, 2013 10:39pm May 27, 2013 10:39pm
Quoting PIP Guru
{quote} The 1 hr bar should break the trendline and close above it and next bar or subsequent bar should retrace back to the trendline to initiate the trade in that direction. Always stop loss can be 30 - 50 pips... TP can be to the significant line.
What if that subsequent bar closes below/above the trendline and back into the direction of the trend?
  • #50
  • May 27, 2013 11:21pm May 27, 2013 11:21pm
Quoting Tok
{quote} What if that subsequent bar closes below/above the trendline and back into the direction of the trend?
NZDUSD just closed above, then retraced and went below the trendline.

Can anyone answer this?
  • #51
  • May 27, 2013 11:33pm May 27, 2013 11:33pm
Quoting Tok
{quote} What if that subsequent bar closes below/above the trendline and back into the direction of the trend?
I guess that your trade will lose if it continues to your stop

Quoting Tok
{quote} NZDUSD just closed above, then retraced and went below the trendline. Can anyone answer this?
Only my opinion, but I think that you would be hard put to identify a trend on the NZDUSD on the hourly chart at the moment. It's been ranging for 2 days
Please Do Not PM Me With Coding Enquiries
  • #52
  • May 28, 2013 12:15am May 28, 2013 12:15am
Quoting Tok
{quote} NZDUSD just closed above, then retraced and went below the trendline. Can anyone answer this?
Attached chart clearly shows the break is still valid and there was a retracement way below the trendline but it obeyed the recent support. You should be in the trade i guess.

Always move the trade to BE after 20 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: NU.png Size: 25 KB
Wait for the market to come to you.. then take the green pips..
  • #53
  • May 28, 2013 12:21am May 28, 2013 12:21am
One should always be aware where the price might go after breakout with the help of horizontal line (support and resistance lines in 1 hr, 4h and daily charts).
Wait for the market to come to you.. then take the green pips..
  • #54
  • May 28, 2013 3:15am May 28, 2013 3:15am
Nice AU break on upside. Signals Updated.
Wait for the market to come to you.. then take the green pips..
  • #55
  • May 28, 2013 4:57am May 28, 2013 4:57am
Posting in a legendary thread.
  • #56
  • May 28, 2013 5:18am May 28, 2013 5:18am
asceptable trade for this str?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 32 KB
  • #57
  • May 28, 2013 6:26am May 28, 2013 6:26am
Quoting Saintsurfer
asceptable trade for this str? {image}
Time has answered your question a great trade.. But entry is gone now. Always use bar charts to see pictures clearly
Wait for the market to come to you.. then take the green pips..
  • #58
  • May 28, 2013 7:09am May 28, 2013 7:09am
Well. Simply clever PIPGuru....watching...
  • #59
  • May 28, 2013 9:00am May 28, 2013 9:00am
Quoting PIP Guru
{quote} Always remember when you are trading for the day your trend lines should end a day before. You should not include the days action in the trendline. That is the concept. At least 2 days of prior data for 1 hr trend line.

Im confused because your previous examples you took the next day's low to connect your TL. It is the same on the chart Im asking for. Your entry is just on the 3rd day.
  • #60
  • May 28, 2013 9:06am May 28, 2013 9:06am
Quoting PIP Guru
UJ Setup that happened Few Hours back {image}

see this one? you took the trade on the next day. There is no 2 days.
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