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Old 01-28-2010, 04:24 AM
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ronzzer ronzzer is offline
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Default Trend Magic

This is a very very good indicator, and could not be easier to understand.

It gives enough information to make your trading easier.

I'll discuss it more in future posts.

Ron
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  #2  
Old 02-28-2010, 05:30 PM
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Default Re: Trend Magic

Trend Magic uses CCI and ATR.

CCI above and below 50 is used to color the line red or blue.

ATR is used to step the line towards the price.

I generally use 2-3 steps back from the current level to set the stoploss.

Ron

Last edited by ronzzer; 02-28-2010 at 05:31 PM. Reason: mispeelyng
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Old 03-06-2010, 01:53 AM
rcthkd
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Default Re: Trend Magic

Looks like a very good indicator, How does it act in "real" time?
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Old 03-09-2010, 04:05 PM
rcthkd
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Default Re: Trend Magic

Here is what I'm trying with this.
1 hr time.
I look to see a change in the indy, if price is above the indicator and is blue I then go to the 15 min time , if price is above and indicator is blue i enter long, if not I will wait and enter on the 15 min time.
opposite for short.
seems to be working pretty good.
I would be interested to hear how you are trading this Ron
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Old 03-27-2010, 09:34 PM
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Default Re: Trend Magic

Quote:
Originally Posted by rcthkd View Post
Here is what I'm trying with this.
1 hr time.
I look to see a change in the indy, if price is above the indicator and is blue I then go to the 15 min time , if price is above and indicator is blue i enter long, if not I will wait and enter on the 15 min time.
opposite for short.
seems to be working pretty good.
I would be interested to hear how you are trading this Ron
Sorry to take so long to reply, I've fixed the notifications so I see these now.

Your way is a good way to do it.

I usually trade the H1 trend with CCI set to 75 or 100, and place a trade at the open of each new hour. I try to keep the stop about 2 ATR steps behind the price. The last week of EURUSDm was really good.

The problem is, of course, chop. I'm constantly working on ways of knowing when the trade isn't going to be long-ish. But then, isn't everyone :-)

In real time, it's just looking at CCI, so Bar[0] may change. I always make my decisions at open of Bar[0], based on bar 1 & 2, so no repainting happens.

The other option similar to yours, is trend continuation. I've attached a chart. Price goes over TM line, then opens and closes below. That's very likely to continue the current trend.


Ron
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Old 03-28-2010, 03:31 PM
rcthkd
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Default Re: Trend Magic

Quote:
Originally Posted by ronzzer View Post
Sorry to take so long to reply, I've fixed the notifications so I see these now.

Your way is a good way to do it.

I usually trade the H1 trend with CCI set to 75 or 100, and place a trade at the open of each new hour. I try to keep the stop about 2 ATR steps behind the price. The last week of EURUSDm was really good.

The problem is, of course, chop. I'm constantly working on ways of knowing when the trade isn't going to be long-ish. But then, isn't everyone :-)

In real time, it's just looking at CCI, so Bar[0] may change. I always make my decisions at open of Bar[0], based on bar 1 & 2, so no repainting happens.

The other option similar to yours, is trend continuation. I've attached a chart. Price goes over TM line, then opens and closes below. That's very likely to continue the current trend.


Ron
You open a trade on every bar, did I understand that correctly?
What are you looking for to start a fresh entry sequence if i may ask
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