This video discusses a powerful trend indicator, the CM Super Guppy, which is consistent during market volatility. It works best for forex and crypto trading using a buy signal when the lines turn green and the seven fastest EMA’s turn blue. The video recommends the use of the Angle Attack Flow Line as a second confirmation indicator to eliminate bad trades. Viewers can subscribe for more valuable content.
The CM Super Guppy: A Powerful Trend Indicator for Trading Forex and Crypto
If you’re looking for a reliable and consistent way to identify trends in the forex and crypto markets, then the CM Super Guppy may be just what you need. This indicator has gained popularity among traders for its ability to detect trends early and stay consistent even during market volatility.
In this article, we’ll dive deeper into how the CM Super Guppy works and how you can use it to make profit consistently. We’ll also discuss the importance of combining this indicator with another confirmation tool called the Angle Attack Flow Line.
What is the CM Super Guppy Indicator?
The CM Super Guppy is a trend indicator that uses multiple moving averages to identify potential buying and selling opportunities in the market. It’s named after its creator, Chris Moody, and the Guppy Multiple Moving Averages (GMMA) theory by Daryl Guppy.
The CM Super Guppy comprises of several colored lines that represent different moving averages of various periods. The colors range from green to red, with each color indicating a different trend phase.
The green lines represent a bullish trend, while the red lines signify a bearish trend. The blue lines, on the other hand, signal a possible trend change or continuation.
How to Use the CM Super Guppy Indicator
To use this indicator, you’ll need to add it to your trading chart on TradingView. You can then apply it to any forex or crypto chart of your choice, whether on a 15-minute or daily timeframe.
When the price is above the 200 EMA line, look out for when all the lines turn green. This indicates the start of an uptrend, and you can consider opening a buy position.
To time your entry, wait for the seven fastest EMAs to turn blue. This is your signal to place a trade and take advantage of the trend. You can repeat this strategy multiple times to profit from the same trend, especially if the market conditions remain favorable.
Similarly, if the price is below the 200 EMA line, and all the lines turn red, you may consider opening a sell position. Wait for the seven fastest EMAs to turn red before doing so.
Confirming Your Trades with the Angle Attack Flow Line
As with any indicator, the CM Super Guppy is not 100% accurate, and you may experience some false signals. To minimize the number of bad trades or avoid them altogether, it’s crucial to combine this indicator with another confirmation tool.
One such tool is the Angle Attack Flow Line, which is also available on TradingView. This tool shows the slope or angle of the moving average of your choice, indicating the strength and direction of the trend.
If the Angle Attack Flow Line confirms the CM Super Guppy’s signal, then you can enter the trade with more confidence. If it contradicts the CM Super Guppy, then it’s best to stay out of the trade and wait for a better opportunity.
Conclusion
The CM Super Guppy is a powerful trend indicator that can help you to identify potential buying and selling opportunities in the forex and crypto markets. By combining it with the Angle Attack Flow Line, you can confirm your trades and minimize the chances of false signals.
However, it’s essential to remember that no indicator is perfect, and you should always practice risk management and follow a sound trading strategy. With this in mind, you can use the CM Super Guppy to increase your chances of consistent profits in the markets.