Guppy multiple moving average trading

4xpipcounter

Well-Known Member
#51
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.
For me in my little world it is a fair expectation. I love to study other indicators and methodologies. I like to know how they work and when someone asks, I can always give an intelligent answer. I know you are very knowledgeable and have good experience, which is why I come here to learn. It is also fun to learn how other successful traders do things, and then try and see inside their head and how they make their trading decisions. There is nothing original about my system, which includes my proprietary set of S&R's. Everything has evolved from my network of traders.

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 ?
OB/OS conditions are measured in several ways, and that being the case a confluence can be formed to measure an OB/OS condition. To rely solely on an oscillator is playing suicide. The trader looks for nothing but trouble when he sees stochastics (as an example) hit 85 and say it is time to go short. OB/OS conditions are measured by how far the market has drifted from equilibrium. In other words that could mean farther than usual from the cloud, or the tenken or kijun. Individual currencies can be measured relative to each other. The CAD/CHF was a sloppy 20-pip overnighter for me, but the reason for the dip that finally happened was because of the CAD being OB and the CHF being OS on the hourly chart.
So, yes I do rely a lot on OB/OS conditions, but the stochastics has very small relativity to it because of the nature of it, of which you are very well aware of.




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

This is the part of it where I'm glad to be the student in your classroom, because it is clearly evident this is your mindset.
As far as my personal view on this is concerned, what is a fact is that after a trend has lasted long enough, all the ST and LT MA's will be on the side of the 200 with respect to the trend. My view on this is I want to get in the trend as close to the beginning of it as possible. In order to do this, I am evaluating all the TF's and looking for the OB/OS condition that would signal the reversal. On the CAD/CHF, I was looking for 40 pips but got only 20. What I am really waiting on is an entry to go short relative to the higher TF's. because the low .8800's is on my radar. If we get a convincing break of .8777, then we could be on our way to .8097.
I know this move is imminent. It is a matter of getting in to take advantage of it. This is where my S&R's come in handy, and where I would look to next week's WR1, as a possible entry.
This is what my methodology enables me to do, is to find the reversal points of major trends and get in close to the beginning.
With respect to your methodology, I am always looking for a new angle of improvement. If the Guppy methodology helps me spot something that otherwise I would have missed, and do it on one trade, then the time is well vested.
The learning will never quit until the day I retire. As much as I love this, it could be when I die.



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

Yes I do! You are waiting for the trader MA's to pass the investor MA's, and then price action correct back to the investor MA's, and then enter.

Thanks for asking. It's a pleasure to be challenged.
I don't know what you mean by the bubble concept, so I look forward to further posts on that.
I deleted the chart just to save some space.


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Rkji

Well-Known Member
#52
paulie,

i am glad to have a healthy discussion with someone experienced & polished in their own ways :)


My view on this is I want to get in the trend as close to the beginning of it as possible.
This is what my methodology enables me to do, is to find the reversal points of major trends and get in close to the beginning.
*** i learnt the hard way to never try & pick bottoms or tops / reversals. guppy enables one to enter at a time when there is already a strong trend in one direction, you extract little on the way & run away.

*** post a chart or two of your methodology for a better understanding

Thanks for asking. It's a pleasure to be challenged
*** i never challenge, i invite others to present & see my point of view :)

I don't know what you mean by the bubble concept, so I look forward to further posts on that.
*** too early to unfold in thread, but will try sometime soon


regards
rishi
 

4xpipcounter

Well-Known Member
#53


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The same pair we had been talking about, CAD/CHF, is the same pair I am waiting for a more longer term reversal. The posted chart shows the potential of the drop along with my bias for the market. As a conservative trader, I would wait for a strong break of .8965, and then a correction back to that point, and then initiate the position from there. With a more aggressive stance, I would turn to my weeklies (Not done yet for this week.), and wait for my WR1 to get hit. The one thing that is for sure is that whatever the level will be there will be at least a bounce from that point, and would also have the potential for the reversal.
The reason this market is view as OB is that the candle is flying so high above the cloud (equilibrium), and so there has to be a gravitational pull back to it. When that move begins, then the daily, which has the stochs perfectly curled and strong OB, will makes its move to the top of its cloud at .8816. The daily cloud is very thin, as the bottom is .8777. If that is broken, then it heads to the next key support at .8637. A convincing break of that leads to cluster support on the weekly chart at .8079. The .8637 level is on my radar.

BTW, it may have been a bad usage of words when I said "challenged". For me it is a good word. It make me think, it gets the creative juices flowing, and maybe most of all, it makes me accountable.
 

Karanm

Active Member
#54


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Rishi, this is a fresh trade going short, as it was placed according to my methodology. It looks good for 45 pips. I'm going to watch its interactions with your Guppy method and see how it pans out. 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.
Kindly update which are the Short Term Averages and which are the Long Term Averages you have used in the Chart.

Thanks
 

Rkji

Well-Known Member
#55
paul

well, you are doing excellent as a trader & i can understand where you are coming from since i have traded on ichi before ... having said that the only difference in our view points is that i would like to react to the market while you are in predictive mode :)

till the time chinkou sen is above price, kijunsen goes flat for sometime & a thick cloud formation on extreme right turns thinner or flips over ... i will not be looking to short the market ... you are expecting from the market to correct while i would react ONLY once market corrects.

maybe, the difference in our opinion is because you take positions on the bias of less than D1 only or your holding period of trades is short, but i take positions based on direction of D1 charts on shorter timeframes like H4 or H1.

attached is a daily chart of CADCHF, it has been in a downtrend for a considerable period & now lurking above 200 ema. yellow line is resistance broken.



regards
rishi
 
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4xpipcounter

Well-Known Member
#58
Rishi, the difference is I like to know when the market is going to reverse and trade accordingly, and you are more conservative. The ichimoku is not the only things I use to make those decisions. My S&R's help me in those determinations, along with TL's, SD channel, and the comparison between the individual OB/OS currencies.
These are my S&R's for the week: 0.9246 0.9148 0.9089 0.8971 0.8912 -0.8814
If we make it back to the WR1 at .9089, it will contain, and a strong reaction is expected. The WS1 is .8971. It matches rather nicely with my .8965 level, so when it broken, it will be a strong move.

Having said all that, as I continue to observe your thread, I hope to pick up a nugget or 2. We're both good traders, so I look forward to learning some new tricks from you.


paul

well, you are doing excellent as a trader & i can understand where you are coming from since i have traded on ichi before ... having said that the only difference in our view points is that i would like to react to the market while you are in predictive mode :)

till the time chinkou sen is above price, kijunsen goes flat for sometime & a thick cloud formation on extreme right turns thinner or flips over ... i will not be looking to short the market ... you are expecting from the market to correct while i would react ONLY once market corrects.

maybe, the difference in our opinion is because you take positions on the bias of less than D1 only or your holding period of trades is short, but i take positions based on direction of D1 charts on shorter timeframes like H4 or H1.

attached is a daily chart of CADCHF, it has been in a downtrend for a considerable period & now lurking above 200 ema. yellow line is resistance broken.



regards
rishi
 

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