Guppy multiple moving average trading

[NTrader42]

Hello Paul

This is very interesting, will be nice learning to follow the progress of your current trade

The left side of your chart shows there was a long trade, we had a cross and pull back, touch re-bound and then Flip of higher group of MAs.

Maybe long could be over the previous swing high as we have a higher swing low in place by then.

Thanks

 

[Rkji]

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[Rkji]

paul,

what you are attempting to achieve is called a bubble trade, will explain it later as my schedule is really hectic for couple of days. if i get time, i"ll surely provide more inputs.

200 ema is very important for trend direction, if both short term & long term ma's are above 200 ema, you have more chances of your short trades failing, hence only seek long entry.

CADCHF has H1 short & long ma's above 200 ema although i see why you have taken short trade,too many flat candles forming & you feel short term ma's will converge & end up meeting long term.

for bubble trading in guppy, you need more screentime, if you look at H1 below, short term ma's still wide which contradicts your position. the first two ma's tryiing to merge but they can again separate wide in original direction & once you open terminal you will see a different picture.
if you won't respect higher timeframes, lower will just spike you out anytime.

D1 chart shows short term above 200 ema & long term almost above 200 ema so under any circumstances, one should NOT take a short trade & rather look only to go long.

you will soon hate guppy if you trade on smaller timeframes even for entries, try & take entries on atleast H1 or above, if you use guppy to take a position.

regards
rishi

By the time it hits the flip portion of the move, it appears that will just about be the time I'll be cashing in my pips. I noticed on the hourly, it would be hitting the investors' portion of the MA's by the time I'm out of the trade.

 

[4xpipcounter]

NTrader, I'll be quick to pull the trigger on this one. It's night time here, and I'm almost in bed. When I wake up will be about the time to close it down. The CHF, on the hourly, as a single currency is OS, and the CAD is OB, and the pair is OB and has ranged high above the 4-hour and hourly clouds, so it is due for an interim tumble. My EUR/AUD, EUR/NZD, and EUR/USD trades are both progressing well, so I figure a little icing on the cake won't hurt.
Regardless of when I pull the CAD/CHF, I'll still follow with interest in accordance with the Guppy method.

Hello Paul

This is very interesting, will be nice learning to follow the progress of your current trade

The left side of your chart shows there was a long trade, we had a cross and pull back, touch re-bound and then Flip of higher group of MAs.

Maybe long could be over the previous swing high as we have a higher swing low in place by then.

Thanks

 

[Rkji]

here is your M15 chart & my interpretation which could be wrong

*** CADCHF pair is lifeless, although a big move hinted, but i would stay away

*** 1 short term ma's trying again & again to break above

*** 2 wide separation in long term ma's which means overall feel is long

*** 3 look at 200 ema curving straight upwards


regards
rishi

 

[NTrader42]

The left side of your chart shows there was a long trade, we had a cross and pull back, touch re-bound and then Flip of higher group of MAs.

Hello Rishi

Was there a Long on the left side, above chart, how would you trade it?

Looking forward to learn about bubble trade, when you are free.

Thanks

 

[Rkji]

 

[4xpipcounter]

Rishi, I'm learning your Guppy system and too happy to be a part of our internet classroom, but let me make a point, because it is the simple mathematics of the indicator.
From 30-35, 35-40, 40-45, and 45-50, there will always be an equi-distance as long as the candles have closed 50 consecutive candles above those MA's. From 50-60, it will always be twice the distance of the former mentioned, as long as the candles have closed 60 consecutive candles above the MA's. So, the distance you mentioned in point 2 has to always be that way until we get a trend reversal.
The 200 MA has to point up, for now. The uptrend is clearly seen on the 4-hour chart, which is 38 candles, which is 608 15-min candles. If you have a 45-min chart, it will point up, because that would cover 203 candles.
The hourly would start to point up because the candle would be far above it. The 4-hour would level and will start to point up as long as price is above it, and the daily would point down.
I like to put my money where my mouth is (Figure of speech.). You could send me a chart of your choice with only candles on it, and I will tell you what the 200 MA looks like on it. It simply done by taking a cursory glance at the chart. 7 1/2 years of staring at these charts also helps--lol.

I would tell you a funny related story, but the thread is too young to take it off on a tangent.

here is your M15 chart & my interpretation which could be wrong

*** CADCHF pair is lifeless, although a big move hinted, but i would stay away

*** 1 short term ma's trying again & again to break above

*** 2 wide separation in long term ma's which means overall feel is long

*** 3 look at 200 ema curving straight upwards


regards
rishi

 

[Rkji]

paul

i talk to about 400 americans on a daily basis due to my client in U.S, understand that i do not doubt your intellect or your capability in reading naked charts.

if i remember correctly you had written that you took trade through your system & wanted to watch it develop on guppy which is an unfair expectation as every system has merits for a particular market. i believe you rely too much on oscillators as you keep mentioning terms like OB/OS. once you are in strong trends, major moves will happen contradictory to oscillators.
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do you really think so ?

From 30-35, 35-40, 40-45, and 45-50, there will always be an equi-distance as long as the candles have closed 50 consecutive candles above those MA's.

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i simply meant, long when short & long term ma's above 200 ema & vice versa

The 200 MA has to point up, for now.The uptrend is clearly seen on the 4-hour chart, which is 38 candles, which is 608 15-min candles. If you have a 45-min chart, it will point up, because that would cover 203 candles.

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do you see from my eyes, what i am actually looking for ?

The hourly would start to point up because the candle would be far above it. The 4-hour would level and will start to point up as long as price is above it, and the daily would point down.

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[NTrader42]

Thanks Rishi for these updates

Please expand on the methodology whenever you get the time.

For now, waiting for the bubble concept, please do so at your own convenient time.

Thanks