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Edgetrader replied Jun 19, 2009Jim, I focus on these two pairs only right now as trading a bit larger lot size and going after 10 pips is appropriate here. FT already has an alert so is easy to ,answer the bell' so to say. In ref. to your other question, I trade only signals as ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Do you have a 'trix' indi on your platform? Give me a screen shot of what you are trading with please. Thx
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009If anyone following the thread cannot see the long setups taking place in EUUS and GBUS then it might be time to start from page one again. Does not matter which indi or plan you are trading right now, these are so blatant as to give the blind ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009PA crossing MA is the primer and FT changing color is the trigger. (or RSI going above or below OB/OS). Whichever you like. Once PA crosses MA you can practically 'feel' when that FT is going to change. It lags a bit but by watching PA you can tell ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Even if TS is your platform, it is easy enough to trade setup at a +10 level. A signal is a signal, and ALL indi's can be modified to fit your trading plan. Never really was about a perfect indi though, if you are not going to trade then what's the ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Tough PA ! —


PA has been rough today as of U.S. session open. Had a bit of news early and accordingly some choppy PA. Have been looking into the RSI indi to see if it can be substituted or incorporated into the plan. Mixed feeling ...EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009I have not found the potential 2 bar repaints on the 5M to be all that troublesome. Naturally, on a higher TF it would be even less of an issue. TM and TGSF do pretty well on the higher TF's and the FT could just be an additional strength indi I ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Same as an rsi or trix indi. Changes color and shows strength of a move. Tends to repaint but not a bad indi. Am looking at an RSI set at '4' with OB/OS set at 60/40 as an alternative. Most assuredly does not repaint if using the 'live' MT4 version ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Some indi's may be a bit quicker than others, but simply no way you could not have had between 10-50 pips there.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Is beyond my usual trading time Rev.... However, research shows that time (1:20 - 2:00 p.m. NY) to be very active also. Big boys go to luck, rave over their profitable positions, gorge themselves, then come back and take some bling off the table. ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009[/B] 10/20 has always been set forth as TM settings when scalping. Has nothing to do with TP/SL levels.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009I have found that the EurUsd and GbpUsd are very good +10 candidates. The settings again are: If you use a TM it is CCI at 10 and ATR at 20. If you use a MA it should be set at 14 and be linear weighted with a weighted close. ( Virtually every time ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Could not have been any clearer. Can even substitute a 14 WMA for the TM if it appeals to a trader.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009If going to trade the +10 method, use only those indi's set forth to trade in that manner. As another poster commented, it appears you have indi's on your chart for both swing trading and scalping. Try to consolidate each and recommend onlt trading ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Chart pane is the TF in the TGMTF indi. 5m chart to a 5m square (pane).
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Ya know, I think I will leave that to those more capable of targeting entries into existing moves. I simply cannot give you any information that may be of help. As I mentioned, I trade signal to signal as a rule. Obviously, a signal trade was ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Provide us a screen shot please. We can further assist with a good visual understanding.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009HMMMM!! If I were trading this method, I ONLY trade signal to signal. Have never had much success entering into existing moves. Inevitably, as soon as I try to do such, PA moves directly against me. Just my own personal choice of entry.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Classic — here is a glimpse of trading 'active' period, or 'overlapping' times. Paul has been diligently working the 'beast' and it does indeed run at times. This is obviously a Plan 1 scenario which would require a good size account based on ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 18, 2009Two trading methods. — There are two methods to trade this with. 1. Trade as a swing trader with default settings on TM and TGSF. Works well in a trending environment obviously. Ascertaining that trending environment is a bit of a challenge as ...
EUR/GBP Trendmagic System