Mactheriverrat
3,156 posts
msg #149622
- Ignore Mactheriverrat |
11/17/2019 1:33:33 PM
@nibor100
Roger that. He is still kicking.
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Mactheriverrat
3,156 posts
msg #149623
- Ignore Mactheriverrat |
11/17/2019 1:39:07 PM
I've also added the below to my Guppy Filters.
draw high 20 DAY HIGH
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nibor100
1,031 posts
msg #149845
- Ignore nibor100 |
12/10/2019 10:32:33 AM
Guppy Heresy!!!!
First let me state that I am a big fan of the Guppy multiple moving average approach.
However, some of you may have noticed that I usually don't refer to the 2 main groups of Guppy Exponential Moving Averages as the 'Traders' group and 'Investors' group but I refer to them as short term group and long term group.
My reasoning for this is that I believe since most of any kind of moving average calculation is based on price history it seems only logical to me that the calculation of the 30,35,40,45,50 and 60 day "Investors" moving averages are using the daily price numbers from those accumulation groupings of day's in the past, yet at the time those very same prices were more recent price history they made up the 3,5,,8,10,12, 15 'Traders" moving averages.
In other words if today's prices for any stock indicates 'Traders' buying and selling activity how can using those same prices from more than 29 days ago indicate another group of 'Investors' had actually been doing the buying and selling.
Agree or Disagree?
Thanks,
Ed S.
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Mactheriverrat
3,156 posts
msg #149846
- Ignore Mactheriverrat |
12/10/2019 2:47:59 PM
Agree to that Ed!!!!!!!!!!!!
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xarlor
581 posts
msg #149850
- Ignore xarlor |
12/10/2019 6:01:35 PM
Ed, not sure I'm following your premise. When Guppy used the terms "traders" and "investors," I always assumed he meant traders are using the 3,5,,8,10,12, 15 lines on the chart to make their entries and exits. Investors instead use the 30,35,40,45,50 and 60 indicators to open and close positions.
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Cheese
1,374 posts
msg #149851
- Ignore Cheese
modified |
12/10/2019 7:03:10 PM
Ed,
I am also a big fan of Guppy. But I prefer to use the generic term "multiple moving averages" or mMA
Before the term "Guppy" first came to this forum, there were many good mMA discussions in this forum and many good mMA works by other authors and traders at large.
There are also frequent reminders of the fractal nature of moving averages so I try to use the term
"period" instead of :day".
Guppy discussions seem to focus on the "separation" between the short-term traders group and the long-term investors group.
A favorite non-Guppy author talked about the compression point as the value that the short-term traders and the long-term investors both agree on. Rapprochement comes before separation. Compression point is important because it is a commonly accepted value.
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nibor100
1,031 posts
msg #149856
- Ignore nibor100 |
12/11/2019 11:46:29 AM
@xarlor,
Passages from Guppy's book such as:
"How we decide to trade these trends
and selec
the entry tactic depends
upon our understanding of the relationship between traders - the short-term
group of averages - and investors - represented by the long-term group of
averages."
and having watched some of his videos such as the one posted in the SF Stock Picks and Trading forum 'CLVS'
Thanks,
Ed S.
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pj.stocks
3 posts
msg #149866
- Ignore pj.stocks |
12/12/2019 1:03:35 PM
how do I find this guppy book?
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nibor100
1,031 posts
msg #149873
- Ignore nibor100 |
12/13/2019 9:40:54 AM
The book is by Daryl Guppy and titled "Trend Trading: A seven step approach to success" and can be bought at Amazon, and used to be available at some sites on the web as a free pdf.
In the interim, there is a free Daryl Guppy paper discussing the ins and outs of his GMMA technique entitled "TRADING WITH THE GUPPY MULTIPLE MOVING AVERAGE" available as a free pdf from forexfactory.com
He goes into great detail about his traders and investors behaviors in that 10 page paper.
Ed S.
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nibor100
1,031 posts
msg #149874
- Ignore nibor100 |
12/13/2019 9:55:18 AM
Looks like the full book pdf is here:
http://143.53.36.235:8080/lecturenotes/trend%20trading%20by%20daryl%20guppy.pdf
Ed S.
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