T2 acheived image

Guppy's Multi-Moving Average (GMMA)

today dow live chart. though i cant trade it image entry candle close just above 10 chanel. all other criteria fulfilled. image fibo targets image T1 hit to the pip.... next candle 100 support to the pip. image price reaching T2. ...

Guppy's Multi-Moving Average (GMMA)

wow, thats a lot of painstaking work sir. "Most of the trades taken were successful, some, due to the trend-following technique I used, were monsters! " i am happy that your analysis shows very good results. " this seems to be a good strategy to ...

Guppy's Multi-Moving Average (GMMA)

thank you for your kind words sir. i am honoured especially coming form a senior person like you. also i want to thank you for giving life to a dead thread, at least i can express my thoughts, strategy and rules. " 30 wins, 6 losses and 2 ...

Guppy's Multi-Moving Average (GMMA)

respected coders, i have a sincere request to modify alerts in this wonderful indicator. it is a rsi indicator with 5 settings amd alerts when all rsi values are above or below eachother. the modification i request is that the alert should be only ...

I will code your EAs and Indicators for no charge

i would like to add volume to my chart. that is a very important parameter in change of trend. unfortunately MT4 shows tick volume and not the actual volume. i sometimes refer to my broker data and chart. it helps

Guppy's Multi-Moving Average (GMMA)

if the trend is to change or reverse it has to do so in the lower timeframes first. here we are trading the time frame and not the instrument. it is good if trade is in direction of higher time frame, but if all conditions are met i dont hesitate to ...

Guppy's Multi-Moving Average (GMMA)

the best trades are when the price pulls back into the LT group and the first candle to close outside the 10 ema chanel. otherwise the pullback should be MORE than 50% from previons swing high and low. rest you dont trade. this is also the reason i ...

Guppy's Multi-Moving Average (GMMA)

hi spudfan the magic repets. look at the chart 30 min after market open. if i would not have booked profit at T 2, my stoploss at BE would have been hit, loosing all my profit. image this is why i prefer to take profits at fib levels.

Guppy's Multi-Moving Average (GMMA)

T 2 hit in a couple of min after market open image

Guppy's Multi-Moving Average (GMMA)

image would have been a fantastic profitable trade note our entry candle is the first candle to close below chanel all criteria fulfilled on same candle still all candles are closing below chanel rsi 6 still < rsi 12 very strong downtrend

Guppy's Multi-Moving Average (GMMA)

"I wouldn't say that price is significantly away from the entry - it's about 16 pips away, not even 1R yet" - sorry, i was just trying to read your chart, i really didnt read the figures. in a sell trade as long as the candle closes below the 10 low ...

Guppy's Multi-Moving Average (GMMA)

it looks that the price is significantly away from your entry. also the wick has crossed your previous support. so time to move stoploss to BE. Book profit 1) targets reached 2) the 6 rsi goes below 20 level . you can opt to remain in trade till rsi ...

Guppy's Multi-Moving Average (GMMA)

perfect

Guppy's Multi-Moving Average (GMMA)

what you say Spudfan is absolutely right. " price has a high probability of reaching one of them." if you can use the fib tool correctly the probablity of hitting targets is also very high Plan the trade and then Trade the plan.

Guppy's Multi-Moving Average (GMMA)

fib to set targets image now the fib is applied from the low of breakout/ entry candle (candle closing below ema chanel) to the previous swing high. note that target 1 is above the previous support and target 2 is below it. if the trend is strong ...

Guppy's Multi-Moving Average (GMMA)

use of fib to check if trade is in your direction or not. to stay in trade and carry your position for tomorrow ? image fib applied from previous swing low to swing high. note that the bullish candle did not cross 50% mark. and the last candle was ...

Guppy's Multi-Moving Average (GMMA)

todays entry image LT Group in perfect alighenment candle close below chanel rsi in proper order 50% retracement

Guppy's Multi-Moving Average (GMMA)

I usually dont look at support levels. if the trend is strong it will break the support and go further down. draw fibo extension and place your target orders. when price comes to support move stoploss to BE. image make these settings to mt4 fib ...

Guppy's Multi-Moving Average (GMMA)

welcome cpfleger can you share your 2022 strategy in details? your inputs are very much appreciated

Guppy's Multi-Moving Average (GMMA)