Perhaps this may be of some assistance. If the indicator on the 1H TF is red it is in short mode for ALL lower TF's. As such, if you wish to trade a 5M chart, simply trade the 5M swings in the direction of the dominant 1H trend. Classic trading with ...

EUR/GBP Trendmagic System

Spoken by a true master. Have followed your work since way back in the 'Expat" days with the evolution of 'scalping' the various currency pairs. Many back then were very keen on the various methodologies but, were in a battle with themselves over ...

EUR/GBP Trendmagic System

Anne, While not at all trying to speak for Paul (Paulus), much of his R&D centers around the 5M TF. At least over the last year or so this has been the case. Further, there is a wide array of variants to consider when deciding which currency pair ...

EUR/GBP Trendmagic System

That is correct. There are very few retail traders with deep enough pockets to trade that particular pair on a 4H TF. Your alternative is to develop an unwavering faith in the indicator as used and simply wheather the usual storms that will develop. ...

EUR/GBP Trendmagic System

Perhaps we should revisit 'Trading 101' for a moment. Rule #1 is 'The Trend is your Friend'. Do not buck said trend. In an effort to provide a bit of clarity and perhaps provide something that may potentially assist all other traders here, I offer ...

EUR/GBP Trendmagic System

Quite right ! Excellent work is being done on this thread. You folks have a very simple plan going and works on multiple TF's. Your search for TP and SL levels is easily rectified IMHO. Simply add a weighted MA to any TF and curve fit such so that ...

EUR/GBP Trendmagic System

Such is the nature of trying to trade 'The Beast' (GbpJpy) on a higher TF. Deep pockets and no emotion as a rule of thumb. Very few will be able to do so as Paul is keenly aware. As a small retail trader, a quick glance at the 4H will provide ...

EUR/GBP Trendmagic System

Apologies! — While not wanting to intrude on this fine forum, I just wanted to add a screen shot showing re-entry areas based on the MA mentioned in the previous post. Also, forgive the indi appearance utilized as it is not off of a MT4 ...

EUR/GBP Trendmagic System

Depends on your preferred TF to trade. Many traders incorporate ATR x 2 as a pretty good SL area. In addition, a 14 MA (Linear Weighted w/ Weighted Close) will allow you to get all moves on TF5. Trailing stops are a bit disconcerting on lower TF's ...

EUR/GBP Trendmagic System

TS v. Others — Forgive the intrusion, but I would like to place some input into this matter. TradeStation is unrivaled in their platform capabilities, especially the newer 8.5 version with Renko block charting availability. Renko, as many ...

Best Charting Systems (Free)

I suppose that, when trading pennies (micro account) with the 'nanningbob' plan, Paulus's trading ideas pale in comparison. Geez!

Paulus System's

OOPS!!! — I failed to mention one more area of consideration that needs addressed when looking to develop a system with a postive expectancy. The style of charts also will lead to widely varied results. That is, bar chart v. candlestick, v. ...

Positive Expectancy

Indeed, market conditions do change. In fact, they change with each trade you put on as there are a different amount of buyers as sellers in the market on a second by second basis. So, as for myself, I rely heavily on both a probability aspect to my ...

Positive Expectancy

Risk assessment will vary upon your trading style. Are you a 'swing', position' or intraday (scaling) trader? Apparently, you are scaling out of trades. In order to provide appropriate commentary, you need to provide a few more specifics on how you ...

Positive Expectancy