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Magic 100

  • #121
  • Apr 2, 2020 4:28pm Apr 2, 2020 4:28pm
Quoting Wise-Jedi
{quote} Thank's for your tips man. May I ask if you trade full time? What other strategies are you into? have a nice day
It's my occupation but I don't trade each day, I swing trade mainly and build many positions which is why this strategy helps me as I can enter on a new HTF leg and ride the waves adding new positions each time.

As I'm day trading, and challening myself with a small account thats why I TP. Otherwise I'd have kept them open and started looking for more selling opportunities.

Thing is, it might not suit other people which is why I find forex so amazing but since lockdown I've had nothing else to do ha
You can lead a horse to water, but you can't make it drink
  • #122
  • Apr 3, 2020 12:15am Apr 3, 2020 12:15am
Quoting xkwisit2001
Sorry, been a bit quiet trading recently. But I have incorporated this into my own strategy and it works really well. I'm using a new broker but they don't have mt4 support. However, I managed to get into these trades between last night and today. (im UK time). Green dotted lines are my entries and RED dashed lines are my SL. I TP where I scribbled.. lol... when things started to seem a bit exhaused (to me). Had two entries and got around 190 pips risking 30 pips lol... crazy R:R. Can see it was also close to the 100MA where I was looking for entries...
Great my friend! It does look even magical to me

I am happy for you. You killing it

Rinse and repeat...
  • #123
  • Apr 3, 2020 1:57am Apr 3, 2020 1:57am
Thanks Minotawr for this KISS Method. Realy liking it. Heres a little contribution maybe its usefull for some, if not ignore it.

All credits go to forex station.com for their amazing work.

Its a tool for easily spotting trending pairs with in our case the 100 EMA. Standardsettings show you the 8 hardest trending pairs up or down.


Attached File(s)
File Type: ex4 #top 28 trenders all brokers_v1.1.ex4   49 KB | 1,430 downloads
Attached Image



Have fun!
Stick to the plan!
  • #124
  • Apr 3, 2020 2:46am Apr 3, 2020 2:46am
EUR/USD first (and i think the only one) trade of today...pulled my SL to breakeven, since it NFP Day. Stay safe!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 38 KB
  • #125
  • Apr 3, 2020 3:11am Apr 3, 2020 3:11am
Quoting Klausi
Thanks Minotawr for this KISS Method. Realy liking it. Heres a little contribution maybe its usefull for some, if not ignore it. All credits go to forex station.com for their amazing work. Its a tool for easily spotting trending pairs with in our case the 100 EMA. Standardsettings show you the 8 hardest trending pairs up or down. {file}{image} Have fun!
Welcome Klausi and thank you .

Personally i wouldn`t depend my decisions on such indis. It´s better to training your own eyes and staying sharp. With indicators you have always something to blame on
  • #126
  • Apr 3, 2020 3:21am Apr 3, 2020 3:21am
Hi Minotawr,

for sure the best indi is your brain. Such tools can only be helping to spot at one blink what pair maybe to look for a retrace.

Nice weekend to you and keep it up! Ah and nice EUR/USD trade!!
Stick to the plan!
  • #127
  • Apr 3, 2020 4:21am Apr 3, 2020 4:21am
Quoting Klausi
Thanks Minotawr for this KISS Method. Realy liking it. Heres a little contribution maybe its usefull for some, if not ignore it. All credits go to forex station.com for their amazing work. Its a tool for easily spotting trending pairs with in our case the 100 EMA. Standardsettings show you the 8 hardest trending pairs up or down. {file}{image} Have fun!
Hello,

Could you share the sets of the indicator ?
  • #128
  • Apr 3, 2020 4:23am Apr 3, 2020 4:23am
Hi Minotawr,

What you thing to use this strategy in Renko Charts ?
  • #129
  • Apr 3, 2020 5:29am Apr 3, 2020 5:29am
Quoting Minotawr
EUR/USD first (and i think the only one) trade of today...pulled my SL to breakeven, since it NFP Day. Stay safe! {image}

Great stuff! - I got into the same trade lol

We do think alike... only, I didn't get out yet. I think we have a lot more room down to wards the weekly S2.

I am loading up new shorts on our lovely retracements using this system aha
You can lead a horse to water, but you can't make it drink
  • #130
  • Apr 3, 2020 6:17am Apr 3, 2020 6:17am
Nice

Nothing against the letting the profits run

For me is just safe, to be flat before NFP. I just lean back and enjoy the show

Enjoy your weekend everyone and stay healthy!
  • #131
  • Apr 3, 2020 8:51am Apr 3, 2020 8:51am
thank you and also a nice healthy weekend
  • #132
  • Apr 3, 2020 10:55am Apr 3, 2020 10:55am
Quoting LuizSchiavi
{quote} Hello, Could you share the sets of the indicator ?

Sorry guys, forgot sharing the settings for EMA. Will attach a screen.
Attached Image (click to enlarge)
Click to Enlarge Name: top28.jpg Size: 140 KB
Stick to the plan!
  • #133
  • Apr 5, 2020 11:52am Apr 5, 2020 11:52am
Can anyone recommend some good resources where to learn more about the kind of retracement candles this strategy focuses on. I am still not sure if it can be just any type of candle appears of different color like let’s say a bearish candle within an uptrend or a green one within an downtrend.
  • #134
  • Apr 5, 2020 10:05pm Apr 5, 2020 10:05pm
Quoting lddd
Can anyone recommend some good resources where to learn more about the kind of retracement candles this strategy focuses on. I am still not sure if it can be just any type of candle appears of different color like let’s say a bearish candle within an uptrend or a green one within an downtrend.
I don't think Mino focuses on them per say. I dont think it's 1000% necessary to focus on. its the overall retracement after a big move.

My only suggestions would be to learn about the fibonacci retracements. You can make sure you're in with the trend by checking the high timeframes like the daily and weekly. Look for the previous big move and use the fibonacci retracement tool to find your entry.

Most moves will usually retrace to the 50% or 61.8% area before the original trend continues.

So if its a downtrend, you could have your own style and only enter on retracements at 61.8% to increase your success and give you a better chance to profit.

In my image below you can see from friday the market dropped. The YELLOW lines are the fibonacci tool calculated from that swing high and low and as you can see the market initially stalled at 23.6%, then 38.2% (Circled in blue).

Those levels acted as resistance and market then broke up towards 50% and tested 61.8% (but it was rejected - where I put the blue arrows).

The market has not tested this level since nor has it broken through which could signal a short term trend reversal (if HTF is still bearish).

Now its currently consolidating around the 50% area and that could also be another area to enter short.

You can then be a bit more confident that you are getting into the market at the optimum level to take the next downmove.

We are currently hovering above the Weekly S38 pivot level so if I enter now which I have, I would expect to TP at the S61 level which is at 1.0667.

Just remember this is my own analysis and my own trade idea so I'll never say I am correct but the conditions I follow make me feel the odds are in my favour.

If I get stopped out, I'll reassess and get in at an even better level if the conditions permit.

So that is why I don't think you have to focus on any kind of candles but we all trade our way for ourselves.

Hope this helps in any kind of way, I sure can ramble on

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
You can lead a horse to water, but you can't make it drink
  • #135
  • Apr 6, 2020 1:37am Apr 6, 2020 1:37am
Quoting xkwisit2001
{quote}If I get stopped out, I'll reassess and get in at an even better level if the conditions permit. {image}
That`s exactly the spirit here! You nailed it, my friend
  • #136
  • Edited 6:05am Apr 6, 2020 1:39am | Edited 6:05am
EUR/CAD beautiful doji entry, love it...

Update: hit my TP for 3R
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 37 KB
  • #137
  • Edited 6:05am Apr 6, 2020 1:54am | Edited 6:05am
EUR/GBP joins the downtrend again...

Update: hit my TP for 3R
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 35 KB
  • #138
  • Apr 7, 2020 6:07am Apr 7, 2020 6:07am
Too bad this thread is dying, with how beautiful it looked, there is no interactivity, anyway another thread getting sicker
  • #139
  • Apr 8, 2020 1:29am Apr 8, 2020 1:29am
Quoting fdosanchez
Too bad this thread is dying, with how beautiful it looked, there is no interactivity, anyway another thread getting sicker
Probably because there haven't been many setups since start of this week. Most pairs are not showing any clear trend.
Or maybe I'm wrong..
  • #140
  • Apr 8, 2020 5:33am Apr 8, 2020 5:33am
Quoting Minotawr
EUR/GBP joins the downtrend again... Update: hit my TP for 3R {image}
Hi, Minotwar,
Apart from interesting strategy you shared here which simple and profitable as well ,would you please your FF Calendar Headlines indicator?

Many Thanks ...
If you don't build your DREAM, Someone will hire to help build theirs ...
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