Wavegarrick's HGI Trading

pacers · Post by **pacers** » Wed Nov 07, 2018 4:24 pm

Due to work, I have been taking just a few trades here and there (usually during the US session) but the simplicity of the rules makes it so easy that I get back from work, open the charts and wait for the signals. After I open the trades, I leave them alone and check every now and then. Until now, it has been working like a charm.

A couple trades from yesterday:

USD/CHF

ex1.png

CAD/CHF

ex2.png

Thank you Leon!

Post by **Wavegarrick** » Fri Nov 09, 2018 3:23 pm

Hi Pacer,

(usually during the US session)

My most successful trades have sprouted out of the New York session

. Anyway two days later and the picture has changed a bit on UsdChf. Hope you got out of this one. My picture looks very similar to yours. We had Hgi trend sell signals at exactly the same spot.

Anyway did a little analysis on your trade and you executed at exactly the right spot. Well done

. The trade would have reversed around the 8th which was yesterday.. It is just a matter of time and you will catch a good run. Well my prefered trade is not UsdChf but I am glad this scenario presented itself for a clear view.

Keep it up Bud.

Cheers
Leon

pacers · Post by **pacers** » Sat Nov 10, 2018 9:57 am

Good to know that I am doing something right!

Thanks for your analysis. It really helps to get a view of how you think when trading your own system.

As for the trade, yes, I am out of it with a nice profit but as you correctly point out the reversal (i.e the RSIs turning the other way) came a bit late giving up quite a bit of profit back. So I am trying to find a good solution for managing the trades a bit more actively, maybe working with some trailing stop or completely naked trading if it feels like a reversal is imminent.

As you have lots of experience trading this system, what would you say is the best way to manage your open trades? Opening the trades is rules based so nothing to debate there but have you seen any differences in actively or passively managing the trades? (by passively I mean just closing the trade when you get the opposite signal from the RSIs)

Well my prefered trade is not UsdChf

Are you being VERY selective with your manual trading? I think you said that because it is difficult to manage all pairs you just trade up to 10 pairs. But if you get a few signals within a day do you tend to be more selective based on some other criteria and usually leave some of them out?

On a separate note (not sure if this is the right thread for this so let me know if its not), I have also started fiddling with TDesk and your setup but I am still in the RED for now as I just opened up a few trades and as you pointed out it might take a bit for H4 HGI to sync and start producing. If I am not mistaken, you open manually with Solo signal and then close at opposite signal. Shouldn't ExitThreshold be at -100 for that? Or do you pay more attention to lets say H4 HGI when closing trades?

Thanks again for helping out.

Post by **Wavegarrick** » Sat Nov 10, 2018 7:05 pm

Hi Pacer,

Thanks for your analysis. It really helps to get a view of how you think when trading your own system.

Not something I do often but consider yourself as one of the potential traders to make it with this system

So I am trying to find a good solution for managing the trades a bit more actively, maybe working with some trailing stop or completely naked trading if it feels like a reversal is imminent. As you have lots of experience trading this system, what would you say is the best way to manage your open trades? Opening the trades is rules based so nothing to debate there but have you seen any differences in actively or passively managing the trades? (by passively I mean just closing the trade when you get the opposite signal from the RSIs)

The choice is yours. You can use a jump stop to secure your profit. I have found trades that go in my direction can reverse so maybe a jumpstop is a good path to follow, however this eliminates trades that can turn into hundreds of pips. I see that you use the Td support/res indicator a nice way to get out of trades. I have predominantly used Hgi trend signals in the opposite direction to get out of trades as well as the stoch ma cross in the opposite direction. It must be noted that I also use weekly, monthly and yearly pivot support/ res levels to gauge my exits. I know a mouthful and hard to simulate. Exits are probably the most difficult part of trading.
Also remember that trades can be seen as a basket. I just closed a basket of 880 pips this week over 8 pairs on my live account. You will know when you get close to your threshold especially when it comes to monthly support/res levels. Anyway, will not ramble on with exits. This is a dynamic field on its own let alone getting the entry right :youknow:

Are you being VERY selective with your manual trading? I think you said that because it is difficult to manage all pairs you just trade up to 10 pairs. But if you get a few signals within a day do you tend to be more selective based on some other criteria and usually leave some of them out?

Being selective is choosing positive swap trades. The route I take. I personally don't like swissy pairs from past experiences, but will take them if I have positive swaps.

On a separate note (not sure if this is the right thread for this so let me know if its not), I have also started fiddling with TDesk and your setup but I am still in the RED for now as I just opened up a few trades and as you pointed out it might take a bit for H4 HGI to sync and start producing. If I am not mistaken, you open manually with Solo signal and then close at opposite signal. Shouldn't ExitThreshold be at -100 for that? Or do you pay more attention to lets say H4 HGI when closing trades?

Not sure if I understand you correctly. Tdesk has transformed and moved very fast and Thomas has done an exceptional job with this. My Tdesk setfile is probably outdated and I need to look at it. I will never look at entering on a solo signal only if I have the power of the masses. A multisignal will be my confirmation. Anyway to get back to your question. If I have a super signal in the opposite direction I will close open trades and trade in the direction of the new super signal.

Cheers
Leon

pacers · Post by **pacers** » Sun Nov 11, 2018 8:11 am

Leon,

Not something I do often but consider yourself as one of the potential traders to make it with this system

Sounds great! I really appreciate the time you are taking to reply.

The choice is yours. You can use a jump stop to secure your profit. I have found trades that go in my direction can reverse so maybe a jumpstop is a good path to follow, however this eliminates trades that can turn into hundreds of pips. I see that you use the Td support/res indicator a nice way to get out of trades. I have predominantly used Hgi trend signals in the opposite direction to get out of trades as well as the stoch ma cross in the opposite direction. It must be noted that I also use weekly, monthly and yearly pivot support/ res levels to gauge my exits. I know a mouthful and hard to simulate. Exits are probably the most difficult part of trading.
Also remember that trades can be seen as a basket. I just closed a basket of 880 pips this week over 8 pairs on my live account. You will know when you get close to your threshold especially when it comes to monthly support/res levels. Anyway, will not ramble on with exits. This is a dynamic field on its own let alone getting the entry right :youknow:

I will try to incorporate DWMPivots into my trading and let trades run instead of cutting them short. The important part I am getting out of our discussion is to maybe stop thinking about trades as separate entities and start looking at the basket as a whole while paying attention to the monthly s/r levels.

Not sure if I understand you correctly. Tdesk has transformed and moved very fast and Thomas has done an exceptional job with this. My Tdesk setfile is probably outdated and I need to look at it. I will never look at entering on a solo signal only if I have the power of the masses. A multisignal will be my confirmation. Anyway to get back to your question. If I have a super signal in the opposite direction I will close open trades and trade in the direction of the new super signal.

Yes, my mistake. I meant on overall signal. I will skip TDesk for now and try to focus on your manual method. I wish I could provide some positive feedback on this front but I have very little screen time so no point trying to make both systems work.

//P.S. Huge Springboks fan here and for quite some time I have been meaning to ask you: Are you wearing a vintage Springboks jersey on your profile pic or am I seeing things?

//

Post by **Wavegarrick** » Sun Nov 11, 2018 8:48 am

//P.S. Huge Springboks fan here and for quite some time I have been meaning to ask you: Are you wearing a vintage Springboks jersey on your profile pic or am I seeing things? //

Great stuff. No its not, I wish I had a vintage jersey though

Have a good week
Cheers
Leon

pacers · Post by **pacers** » Mon Nov 12, 2018 4:46 pm

I decided to continue testing using only the pairs with the most volume traded. These are: E/U, U/J, A/U, U/C, G/U, N/U, G/J, E/J, A/J. The reason for this is to make it easier for me to manage the pairs that I am trading instead of going crazy on 28+ pairs.

The basket below is producing 500pips from last Thursday.

EUR/USD

Trade opened last Thursday

eurusd.png

GBP/USD

Trade opened last Friday

gbpusd.png

EUR/JPY

Trade opened last Friday

eurjpy.png

AUD/JPY

Trade opened today

audjpy.png

GBP/JPY

Trade opened today

gbpjpy.png

pacers · Post by **pacers** » Fri Nov 16, 2018 3:49 pm

A few more trades opened these past couple days. Already producing 150+ pips. I have also had a few losing trades to be honest but you tend to see which ones are going to go your way. I am not going to let a trade go -100pips before I close it. So as long as you close them early and you are patient with the rest, profit is to be made.

audjpy.png

eurusd.png

usdcad.png

usdjpy.png

duxia · Post by **duxia** » Fri Nov 16, 2018 4:00 pm

Hi Pacers,

Nice trades. May i know when is your entry point? Upon HGI trend arrow or you wait till london or us session? And do you take first HGI arrow or you took subsequent ones as well?

Post by **Wavegarrick** » Fri Nov 16, 2018 5:24 pm

Hi Pacer,

I am simply proud of you

You could be another Wavegarrick in the making

Cheers
Leon