No Magic!

Quoting reteid2222

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{quote} No Magic 4 me 2! What do U mean with 2 x risk for profit? How much pips for TP? {image} {file}

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Quoting reteid2222

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{quote} No Magic 4 me 2! What do U mean with 2 x risk for profit? How much pips for TP? {image} {file}

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Quoting atheer1

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{quote} This is a good example of the importance of the rule buy at the high of candle 2...........in this case this was not met.........and did you notice that if you take the bull candle you labelled and the bear candle after it was a sell trade according to the rules.................in fact I am happy that you mention on of the examples of momentum trading........win rate is good as you take setups at good levels

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Quoting atheer1

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{quote} This is a good example of the importance of the rule buy at the high of candle 2...........in this case this was not met.........and did you notice that if you take the bull candle you labelled and the bear candle after it was a sell trade according to the rules.................in fact I am happy that you mention on of the examples of momentum trading........win rate is good as you take setups at good levels

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Quoting simba2000

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Atheer1 In attached doc file in first post , I think example 1 does not satisfy conditions for a sell order , because two candles have wicks touching 10pip lines Is that right ? {image}

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Quoting 4xu2

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{quote} Hi Simba, I have found that reading the document while looking at Atheer1's charts helped me understand. The green candles Wick reaches up and crossed the 10 pip grid. While the red candle wick does not reach down and touch any grid. A perfect setup for a sell.

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Quoting simba2000

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Atheer1 In attached doc file in first post , I think example 10 does not satisfy conditions for a sell order , because two candles have wicks touching 10pip lines Is that right ? {image}

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Quoting atheer1

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{quote} In no magic bear setup.............we are paying attention to the upper wick of the bull candle and lower wick of the bear candle so in ex 10 it was touch no touch bearish setup................it was right

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Quoting simba2000

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Dear Atheer, SL issue and consideration : Please look to attached chart and give me your opinion I mean , we have to put sl few pips away from low/high , is that right ? {image}

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Quoting atheer1

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{quote} This is the daily chart simba.............. UJ 2 bars of 31/8 (bear) and 1/9 (bull)................. NO/Yes..................price next day open with a gap lower than the setup and take the low of the 2 bars....................only at 13/9 the high of 1/9 was reached again.............so little bit strange to take this trade..................as buy setups not triggered by reaching high of the 2nd candle and instead reaching low and making LL.................ideally stop should be below LL...............which is not practical in this example..................If...

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Quoting atheer1

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General rule: 2 bars reversal works when it indicates fading momentum on one side and increasing momentum on the other side...........

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Quoting simba2000

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{quote} Atheer1 [1] According to examples in doc file i catched this opportunity , and according to your last update about setup conditions for sell and buy ," for buy we care about lower wick for bear candle and higher wick for bull candle" i see this is not a valid buy or sell opportunity according to last rule update, am i right ? Is there is an update from your side about y/y, n/n, y/n and n/y for this case ? I think buy and sell setups need a revision or more clarification from your side, may be i am right or wrong. [2] For sl , why you take...

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