I see 2 losing trades, one opening at 09.00 GMT on 4th and one at 11.00 on 5th. Of course it all depends on where you put your stoploss or whether you just exit if it crosses the TM. Looks like you'd lose about 300 pips for both trades. But the long ...

EUR/GBP Trendmagic System

So what are everyone's learnings today? Mine are: Start trading at 060.00 GMT to catch the initial runs. If the HG indicator 5M reverses colour, get out of the trade, don't wait for it to hit stoploss. Don't keep the stoploss too tight to the price, ...

EUR/GBP Trendmagic System

I don't see that, would be grateful if you could elaborate. Had a buy signal some time ago (my 5min on HG is at top) and 3rd blue square (30min) recently but nothing current that I can see?

EUR/GBP Trendmagic System

Decision time — Do I let it run (up to my stop loss), or get out now because I have a blue 5M square? Edit: I'm going to stay in the trade, let's see... 2nd Edit: Stopped out. Suggests HG indicator should take precedence over set SL. Not ...

EUR/GBP Trendmagic System

Horses for courses I suppose! Luckily, I don't get distressed Mind you, having to get up an hour earlier tomorrow to trade this method could bring it on!

EUR/GBP Trendmagic System

Yes, I'm in @ 13830 with initial SL @ 13870. But there's fairly strong S/R line around 13800 to look out for...

EUR/GBP Trendmagic System

Because I was late to the table and missed the B&B trades I took the eurgbp trade triggered at 08.05 GMT. Managed it with a very conservative stoploss, moving it down as soon as each horizontal TM developed, otherwise might still be in the trade, ...

EUR/GBP Trendmagic System

Yes I'm short in eurgbp at the moment. In at 0.87546, when price went back under TM. Around 40 pips profit at the moment. But tomorrow, I think I'll get up earlier and catch the moves that seem to start at 0600 gmt on the cable and gbpjpy. Edit: 106 ...

EUR/GBP Trendmagic System

Same set up as me, Alpari UK for data feed and IG for the "bets". No problem with speed on mine & I only have a 2mb link today...

EUR/GBP Trendmagic System

Entry trigger is going to be either the HG indicator changing colour when price is right side of TM, or price moving to right side of TM when HG already set up. So your entry was fine according to the method, just a little late A bit like me, as ...

EUR/GBP Trendmagic System

I was just using that chart shot as an example to explain what I was going on about. Not an actual trade. Thanks for the feedback though, it really is appreciated.

EUR/GBP Trendmagic System

Thanks, I missed that!

EUR/GBP Trendmagic System

I was using the rule proposed by Paulus: Price had closed above the TM line so would exit the trade...

EUR/GBP Trendmagic System

Re-entry? (No, into the atmosphere!) — Just wondering what the consensus is on re-entry after having been stopped out. Chart below shows short trade, stopped out but then price goes back below TM and HG indicator all red. Should you short ...

EUR/GBP Trendmagic System

See my post above yours mtr. It's all here. Looks the same. In the UK the taxman considers spread betting as gambling and therefore not liable to income tax. I'm spending some time today deciding which pairs to sample tomorrow, any suggestions ...

EUR/GBP Trendmagic System

Wow, 56 people currently viewing this thread! I've gone through the whole thread again, 3rd time now. Realised I had skipped over the post by Paulus laying it all out, here. So that's what I'll be running with tomorrow. I've been trading full time ...

EUR/GBP Trendmagic System

Goes without saying what a great job Paul and and Anne have done here, so I'll say it anyway Many thanks, I've been reading the thread since it started. I'm going to be trading this "live" from Monday, on the 5m TF with at least 4 pairs. By live, ...

EUR/GBP Trendmagic System

I took a great profit from the gbpjpy breakthrough of 155. Although I didn't use this method for the entry trigger, I found it excellent to help me set the TP and as another confirmation of the trade. Now I'm waiting to see if 155 will become ...

Silent Service Method

Thanks. I've had a look although it seems there's a week or two to wait until it hits the next Support/Resistance around 78? I'm a little surprised that is a strong area whereas the 80 doesn't show any real history of strong S/R... Edit: Still going ...

Silent Service Method

Really interesting thread, took some reading from scratch though! 2 charts I'm watching at the moment in relation to this method are the gbpjpy and aususd. Here's a couple of pictures, the gbpjpy is 4hr and aususd weekly... Any observations or ...

Silent Service Method