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Magic 5 - five pips only

  • #1,061
  • Sep 7, 2019 3:14pm Sep 7, 2019 3:14pm
Quoting birdland
4 trades, +12 pips today {image} {image} {image} {image}
in the last one...you risked..firstly, market is under ema 200 but you longed. secodnly, it is always better to enter in early stage of ema5 cross.
always draw trendlines
  • #1,062
  • Sep 7, 2019 3:16pm Sep 7, 2019 3:16pm
The no 1 principle of Magic 5 philosohpy is that "It is much better to open large position and hunt for few pips than trade small but aim many pips"
always draw trendlines
  • #1,063
  • Sep 7, 2019 3:24pm Sep 7, 2019 3:24pm
Quoting ellenbrook
hello gentlemen if my recommendation are not welcome will erased my post been following for awhile and been very happy so far well do believe you have to have a software indicating with currency become strong and maybe a set up trade but not a trade yet {file} set up on the chart . {image} {image}
irrelevant to this thread.
always draw trendlines
  • #1,064
  • Sep 7, 2019 3:28pm Sep 7, 2019 3:28pm
Quoting birdland
3 trades today, all in all again a -24 pips loss day. {image} {image} {image}
all of these trades would be positive if you exited taking 4-5 pips.

be careful near ema200 line...in that region you shouldnt goto opposite direction. wait to see what happens. it may break ema200.
always draw trendlines
  • #1,065
  • Sep 9, 2019 4:09am Sep 9, 2019 4:09am
Quoting tk5
So a simple and powerful way doing it turned out to be: +5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage. +RSI 8 +and of course non-news quiet times. --- Use only ECN account --- if you dont have much money use 1:500 leverage to be able to open at least 30K lots --- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy! 1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200. 2. Dont regard...

Hi Tk5, great method especially at the london open on 15 minute time frame) Thanks for sharing this. One quick question, When you say coming from the 30 and 70 zone of RSI, on buys are you referring to rising above the 70 zone and on sells breaking below the 30 zone? Thanks!!
  • #1,066
  • Sep 9, 2019 5:43am Sep 9, 2019 5:43am
Quoting sheppy
{quote} Hi Tk5, great method especially at the london open on 15 minute time frame) Thanks for sharing this. One quick question, When you say coming from the 30 and 70 zone of RSI, on buys are you referring to rising above the 70 zone and on sells breaking below the 30 zone? Thanks!!
It is enough just to touch those levels. Welcomeee
always draw trendlines
  • #1,067
  • Sep 9, 2019 7:01am Sep 9, 2019 7:01am
is there a pic that you can show as for the example on a 15 min chart of the rsi hitting those levels and the corresponding buy or sell signal. I know I am being a pain in the ass LOL Thanks
  • #1,068
  • Sep 10, 2019 3:18am Sep 10, 2019 3:18am
Quoting sheppy
is there a pic that you can show as for the example on a 15 min chart of the rsi hitting those levels and the corresponding buy or sell signal. I know I am being a pain in the ass LOL Thanks
Look..first rsi level shouls be touched, broken..any of these...afterwards, ema5 broken..these two events dont and maynot happen same time..only sequence matters
always draw trendlines
  • #1,069
  • Sep 10, 2019 8:19am Sep 10, 2019 8:19am
Thanks!!!!
  • #1,070
  • Sep 12, 2019 2:19am Sep 12, 2019 2:19am
Hi tk5

 

  1. Post 31
  2. Cleanup
  3. Quote
  4. Oct 28, 2014 7:13

  1. https://cdn-assets.faireconomy.media...ar347854_2.gif tk5
  2. | Commercial Member | Joined Aug 2013 | 671 Posts

you guys are being too pessimistic...note that i have been trading quite long time and on real account. this way.

If you are too naive to locate 5 pips movememt during an hour (!) then you have no moral right to be a trader.

What I offer is rather a mindset, a tactic...and a plan which creates discipline.
always draw trendlines

Still works
lpp

I would like to die on Mars. Just not on impact..... Elon Musk
  • #1,071
  • Sep 15, 2019 10:36am Sep 15, 2019 10:36am
So to be clear, rsi has to hit 30 or 70, it doesnt matter which it hits, it has to hit first then .if we are above the 5 and 200 moving average we buy on the first heinken to close above the 5 and sell on the first heiken to close below Am I correct? Thanks again
  • #1,072
  • Sep 25, 2019 4:47am Sep 25, 2019 4:47am
Quoting lpp
Hi tk5 Post 31 Cleanup Quote Oct 28, 2014 7:13 {image} tk5 | Commercial Member | Joined Aug 2013 | 671 Posts you guys are being too pessimistic...note that i have been trading quite long time and on real account....
I would like to add to this...if not during one hour..let it be couple hours. It is ok and it is enough
always draw trendlines
  • #1,073
  • Sep 25, 2019 4:50am Sep 25, 2019 4:50am
Quoting sheppy
So to be clear, rsi has to hit 30 or 70, it doesnt matter which it hits, it has to hit first then .if we are above the 5 and 200 moving average we buy on the first heinken to close above the 5 and sell on the first heiken to close below Am I correct? Thanks again
following close of first HA candle (that crossed ema5), open from second one (if the same color).
always draw trendlines
  • #1,074
  • Oct 25, 2019 1:56pm Oct 25, 2019 1:56pm
Quoting ellenbrook
hello gentlemen if my recommendation are not welcome will erased my post been following for awhile and been very happy so far well do believe you have to have a software indicating with currency become strong and maybe a set up trade but not a trade yet {file} set up on the chart . {image} {image}
hi there, nice streght meter.. can you inform me is there any manual?? i mean how to understand the currency meter..

many thanks
" Good things come to those who wait " ( bon jovi 'santa Fe' )
  • #1,075
  • Dec 9, 2019 4:03am Dec 9, 2019 4:03am
Guys, instead of having this thread like this, I was thinking about this:

I may open a closed Telegram group.
There I'd share signals and insights along the way, of course charge some monthly fee for this. This would be much more beneficial for all.

-- A private, exclusive club!

what do you think? I wonder How many of you would like to join. It would have minimum group member size and as soon as certain number gathers we can start. Lets say from 30+ users.

From my side, Id with great pleasure be of a contribution to you and your trading journey!
always draw trendlines
  • #1,076
  • Dec 9, 2019 4:04am Dec 9, 2019 4:04am
Quoting tk5
Guys, instead of having this thread like this, I was thinking about this: I may open a closed Telegram group. There I'd share signals and insights along the way, of course charge some monthly fee for this. This would be much more beneficial for all. -- A private, exclusive club! what do you think? I wonder How many of you would like to join. It would have minimum group member size and as soon as certain number gathers we can start. Lets say from 30+ users. From my side, Id with great pleasure be of a contribution to you and your trading journey!...
ah, now i know why u are a commerial member;-)
trading is like dancing, don't think and just listen to the music!
  • #1,077
  • Dec 9, 2019 4:16am Dec 9, 2019 4:16am
Quoting birdland
{quote} ah, now i know why u are a commerial member;-)
this was a fatal mistake of admins. Some 'offended' users complained to them.

instead of having this thread in Commercial section as a passive one...followers could make more use of it. For me I havent been earning from such activity but by personal trading. I am a full-time trader. And contribution should be mutual, this is not sth new. If I can contribute to smb's financials then some small monthly fee isnt big deal.
always draw trendlines
  • #1,078
  • Dec 9, 2019 5:29am Dec 9, 2019 5:29am
Those interested in the Private Magic 5 Club...email at [email protected].
always draw trendlines
  • #1,079
  • Dec 11, 2019 6:09am Dec 11, 2019 6:09am
Quoting tk5
Guys, instead of having this thread like this, I was thinking about this: I may open a closed Telegram group. There I'd share signals and insights along the way, of course charge some monthly fee for this. This would be much more beneficial for all. -- A private, exclusive club! what do you think? I wonder How many of you would like to join. It would have minimum group member size and as soon as certain number gathers we can start. Lets say from 30+ users. From my side, Id with great pleasure be of a contribution to you and your trading journey!...
SO far about 10 people showed interest. They are added to Wish-list.
always draw trendlines
  • #1,080
  • Dec 20, 2019 3:55pm Dec 20, 2019 3:55pm
update. about 20 people added to wishlist.
always draw trendlines
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