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

  • #61
  • May 28, 2013 9:22am May 28, 2013 9:22am
Nice easy, clean strategy and great results so far - subscribed!
  • #62
  • May 28, 2013 9:37am May 28, 2013 9:37am
Quoting mario777
{quote} see this one? you took the trade on the next day. There is no 2 days.
There is no strict rules to the system.. but do not take the days price action in to picture. As we are using past data to predict future results. Two days data or even 4 days trend-line break gives stronger signal that's all.
Wait for the market to come to you.. then take the green pips..
  • #63
  • May 28, 2013 9:57am May 28, 2013 9:57am
Example of EU Trade Happened today, Note how horizontal areas helped to locate the target points. A Perfect "PGT Trade"

Attached Image (click to enlarge)
Click to Enlarge Name: EU trade.png Size: 38 KB
Wait for the market to come to you.. then take the green pips..
  • #64
  • May 28, 2013 11:15am May 28, 2013 11:15am
I also have a question;

If we pull the TLs today, to wait for possible setups in the next day. How does one filter out which line to take?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 56 KB


Point 1 has 2 bounces, where point 2 has only 1 bounce.
Point 2 is pulled from a longer history

Does that make point 2 stronger than 1? Or would you wait for confluence with the bearish TL in this scenario?

Edit:
After swapping around with the lines - implying the price stays around there, one could also go for this
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-.PNG Size: 54 KB
  • #65
  • May 28, 2013 12:16pm May 28, 2013 12:16pm
Quoting Mones
I also have a question; If we pull the TLs today, to wait for possible setups in the next day. How does one filter out which line to take? {image} Point 1 has 2 bounces, where point 2 has only 1 bounce.Point 2 is pulled from a longer history Does that make point 2 stronger than 1? Or would you wait for confluence with the bearish TL in this scenario? Edit: After swapping around with the lines - implying the price stays around there, one could also go for this{image}
In the first picture both the trend-lines are not valid anymore as there has been a break.You can keep the trendline as a guideline so price might retrace back to that trendline to initiate short trade. But after london close i will stay away.

In the second picture no 2 trendline looks valid for tomo hope price does not break further below. Day ends with Newyork close. After that better draw the trendlines.
Wait for the market to come to you.. then take the green pips..
  • #66
  • May 28, 2013 3:18pm May 28, 2013 3:18pm
Quoting PIP Guru
{quote} In the first picture both the trend-lines are not valid anymore as there has been a break.You can keep the trendline as a guideline so price might retrace back to that trendline to initiate short trade. But after london close i will stay away. In the second picture no 2 trendline looks valid for tomo hope price does not break further below. Day ends with Newyork close. After that better draw the trendlines.
Sorry my bad, i was thinking in the "retrace bounce" way with the trendlines. But let's assume the first picture occured in the first hours of London open, would you go for the first trendline to touch, or go a little saver and wait for the highest trendline? Risking to miss the trade, but waiting for a better price to sell into.

I like the don't-redraw-trendlines on the trading day though, makes it alot easier to understand what's happening.
  • #67
  • Edited 3:34pm May 28, 2013 3:18pm | Edited 3:34pm
Good trade coming at EURUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusds.JPG Size: 54 KB


Yellow trend lines = H4
Blue trend line = D1 broken up trend

I'm just waiting the break of the trend and the retraction.

Nice system friend keep us updated.
"In God we trust."
  • #68
  • May 28, 2013 6:46pm May 28, 2013 6:46pm
Quoting Mones
{quote} Sorry my bad, i was thinking in the "retrace bounce" way with the trendlines. But let's assume the first picture occured in the first hours of London open, would you go for the first trendline to touch, or go a little saver and wait for the highest trendline? Risking to miss the trade, but waiting for a better price to sell into. I like the don't-redraw-trendlines on the trading day though, makes it alot easier to understand what's happening.
I usually enter at first line do not want to miss out the trade, i have min 1:1 risk reward for the trade and i am always aware of horizontal lines
Wait for the market to come to you.. then take the green pips..
  • #69
  • May 28, 2013 11:44pm May 28, 2013 11:44pm
Good Day Traders waiting for good action today in GU and UJ let's see what london has to offer
Wait for the market to come to you.. then take the green pips..
  • #70
  • May 29, 2013 12:25am May 29, 2013 12:25am
AU has already made its move to the downside. Signal Updated
Wait for the market to come to you.. then take the green pips..
  • #71
  • May 29, 2013 8:15am May 29, 2013 8:15am
Is this valid buy?
Attached Image (click to enlarge)
Click to Enlarge Name: pip.JPG Size: 87 KB
  • #72
  • May 29, 2013 10:18am May 29, 2013 10:18am
Quoting mario777
Is this valid buy? {image}
It is a valid one sorry for late reply. I will attach the chart soon
Wait for the market to come to you.. then take the green pips..
  • #73
  • May 29, 2013 10:39am May 29, 2013 10:39am
Eu trade happened few hours back

Attached Image (click to enlarge)
Click to Enlarge Name: EU trade.png Size: 28 KB
Wait for the market to come to you.. then take the green pips..
  • #74
  • May 30, 2013 1:45am May 30, 2013 1:45am
Classic PGT Trade today

Attached Image (click to enlarge)
Click to Enlarge Name: UJ trade 30th may.png Size: 26 KB
Wait for the market to come to you.. then take the green pips..
  • #75
  • May 30, 2013 6:51am May 30, 2013 6:51am
Great thread! Subscribed.

I've got a quick question, just to see if I'm doing it right.

EU GU and AU all have potential short entries soon if they retrace, right?

EU:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


GU:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 50 KB


AU:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 52 KB


Thanks!
  • #76
  • Jun 12, 2013 10:28pm Jun 12, 2013 10:28pm
what happened to this thread went quite this week??
  • #77
  • Jul 2, 2013 2:32pm Jul 2, 2013 2:32pm
Simple system and according to the author is giving profits. Perhaps the simplicity and somewhat alarmed causing many do not believe that just a few lines can generate profits.
  • #78
  • Jul 3, 2013 11:50pm Jul 3, 2013 11:50pm
Quoting lumiche
Perhaps the simplicity and somewhat alarmed causing many do not believe that just a few lines can generate profits.
Trading is tricky but not always rocket science needed...
i worshipped... Momentum
  • #79
  • Jul 6, 2013 1:18pm Jul 6, 2013 1:18pm
Quoting rockrobb
{quote} Trading is tricky but not always rocket science needed...
sign below
  • #80
  • Jul 17, 2013 2:51pm Jul 17, 2013 2:51pm
Hello PGT traders, i have taken the long break from this thread. Will start things as usual from tomo.. I have currently developed a new powerful system with trend lines which we call it as "PGT system 2.0".

The latest results reflect the version 2.0 system.

Catch you all soon.
Wait for the market to come to you.. then take the green pips..
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