GMMA trades

Trading Systems
1

Hello all,

Any interests in trading the Guppy Multiple Moving Averages on the daily chart? If so, please post and I will provide the info I came across. We could use it on both the forex & commodities spot market.

Thanks,
pip chaser

2

Hey PipChaser,

I’ve noticed alot of guppy fans but haven’t had a chance to look over the trade plan. I’d be interested to see what you have.

Alan

3

I tried Lever70’s modified Guppy on the 5M TF that she suggests, lost my … I would like to test a Daily strategy if you will post the indicator values. d

4

I’ve been having some success trading Guppy on the 4 hour chart, with trend confirmation from both 1 hour and daily.

If anyone has any Mutant Guppies in their fishbowl that work better than a normal Guppy, I’d love to see the details.

5

I will give it a go, post away

6

I managed to get a good deal on a used set of some of Daryl Guppy’s videos. Hopefully, I’ll be able to start going through them this weekend.

Edit:
For those of you wondering what a Guppy MMA is, I’ve attached a standard Guppy Template for MT4.

18

I managed to squeak in enough time to watch “Better Trend Trading with Guppy Multiple Moving Averages”. It’s quite good and is an excellent compliment to his “Trend Trading” book.

These videos are expensive - I definitely recommend trying to get used ones on eBay.

19

Nice signal last week using guppy template thus far 180pip move…

EURJPY.jpg700Ă—233 33.2 KB

20

Gup alerts (Daily)

USD/CAD
AUD/JPY
GBP/USD
AUDUSD

21

Now I’m not certain on how guppy works. I think it appears as if 2 market sentiments are depicted by the short term traders and the longer term. I guess it is bullish for the ema’s to spread out in direction of trend. Seems as if convergence means indecision and that a tug of war is happening from the bulls and bears. My observation one could buy pullbacks into support of the longer term trend.

22

I’m still getting my head wrapped around it, but seem to be making progress.

The basic idea is that the blues are short-term traders and the reds are longer term. If the blues and reds are well separated and running in the same direction, it’s supposed to be safe to jump in. If you can catch a pullback on the blues, then that’s an even better time to get in.

Of course, the danger is that it’s not always easy to tell a pullback from the beginning of a trend change.

23

Pharaoh, I thought that was how to read it. It does make sense, I’d prefer to get a pullback instead of jumping right in. I’ll look into this and try a google search and see what i can learn about guppy.

24

Here are some signals from last week. I think it was arounf the 7th. Looking off 4h time frame. A few did very well and a few lost. Anyway I think the tricky part is setting the stops or getting out if not working right. I also think wide stops must be used. Not exacly sure yet…

GUPPY ORDERS 3072008.jpg700Ă—275 49.9 KB

25

Here is a 4h guppy not bad as 20 pip is 20 pip

AUDCAD.jpg700Ă—328 46.2 KB

26

Shut it down +25 as the daily does not yet confirm

27

Here is a monthly chart that might have broke support. We still in demo mode but thus far guppy template looks promising. Current open positions

audjpy +220
audusd +2
gbpchf +2

Now I need to work on a stop and profit plan. I moved stop on audjpy to lock in 100 points. I’m thinking about just using price chart to set stops. Because the stops are a good distance I’m only using .50 per position.

GBPCHF.jpg700Ă—329 42.6 KB

28

To Airborne and Pharaoh :

I started out in forex trading the GMMA. However, I made only losses so it ditched it.

The GMMA looks nice but is made of moving averages, they are delayed data and their performance can only be average.

I think, therefore, that the GUPPY works best on very long term charts ie weekly and longer for long term trading.

Leon Wilson, in his book…“The Nest Step to Share Trading Success” outlines principles for differentiating between a rally and a trend with the Guppy. Leon is an Australian author living in Tasmania.

In a rally :…

  1. The gaps between the ma’s is large before the crossover.

  2. The 2 groups partly diverge before the crossover.

  3. At the time of crossover, the long term group is still well spaced.

  4. After the crossover, the short term group incline is very steep.

In a trend the opposite is true in each case.

The pictures are excellent but I cannot load them here because they are copyright.

29

I tend to thus far agree that it seems as if everything follows price. I do believe ema’s are a lagging indicator. Now I can also see when using guppy one might need a wide stop and need to sit through some nasty down drawls. I’m really not in a position to judge whether or not it is reliable thus far in any timeframe. I’m in demo mode and my current 2 positions have sharply reversed against me. I’ve got wide stops in and so we shall see how this pans out. Looking at one position audusd it does indicate the daily trend is still intact, thus the 4h is counter trend on a short.

30

I’m in demo mode and my current 2 positions have sharply reversed against me

OK see how you go ! :slight_smile: :slight_smile: :eek: :eek:

31

Well not very good AUDUSD (-)193 pips, and GBPUSD (-) 149 pips. I don’t think I could handle this drawldown… Interesting