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Magic 100

  • #141
  • Apr 8, 2020 7:24am Apr 8, 2020 7:24am
Quoting rickntc
{quote} 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..
Well, not much action indeed. I managed to get in a couple AUD pairs this morning, they showed a nice retracement
  • #142
  • Apr 8, 2020 7:25am Apr 8, 2020 7:25am
EUR/AUD
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  • #143
  • Apr 8, 2020 7:27am Apr 8, 2020 7:27am
AUD/JPY
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  • #144
  • Apr 8, 2020 7:31am Apr 8, 2020 7:31am
Me too, I'm in for a long position on AUDNZD, currently 40+ pips now..

I guess the ones with most action will be EUR crosses..
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  • #145
  • Apr 8, 2020 7:34am Apr 8, 2020 7:34am
Quoting drsa1970
{quote} 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 ...
Thanks.

I don`t have the file for MT4. But i am sure you will find it here on the FF-Site. Sorry
  • #146
  • Apr 8, 2020 7:36am Apr 8, 2020 7:36am
Quoting rickntc
Me too, I'm in for a long position on AUDNZD, currently 40+ pips now.. I guess the ones with most action will be EUR crosses.. {image}
Looks great my friend! Good job
  • #147
  • Apr 8, 2020 8:11am Apr 8, 2020 8:11am
Hi Minotawr,

congratulation to your nice thread! Good job.... One question from me: Do you still trade sometimes like in the thread "Rags to Riches in 10 or 20 Trades - Simplicity at its finest" described? You did a good job turning 20 dollar into 2000 ...


Many greetings

Ben
  • #148
  • Apr 8, 2020 9:26am Apr 8, 2020 9:26am
Quoting kleybenny
Hi Minotawr, congratulation to your nice thread! Good job.... One question from me: Do you still trade sometimes like in the thread "Rags to Riches in 10 or 20 Trades - Simplicity at its finest" described? You did a good job turning 20 dollar into 2000 ... Many greetings Ben
Hi mate, thank you.

Sometimes, but only on my "fun account"

I didn`t see these days a monster trend, something that you need for this "madness"
  • #149
  • Apr 8, 2020 1:59pm Apr 8, 2020 1:59pm
Quoting Minotawr
EUR/AUD {image}
EUR/AUD killer move, brocked the support, i`ve locked for 2R, will tighten my sl tomorrow
Attached Image (click to enlarge)
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  • #150
  • Apr 8, 2020 2:04pm Apr 8, 2020 2:04pm
GBP/AUD almost similar, has room for more...
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  • #151
  • Apr 8, 2020 2:09pm Apr 8, 2020 2:09pm
Quoting Minotawr
AUD/JPY {image}
AUD/JPY sweet development so far , hope for a runner
Attached Image (click to enlarge)
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  • #152
  • Apr 8, 2020 2:30pm Apr 8, 2020 2:30pm
Quoting Minotawr
{quote} AUD/JPY sweet development so far , hope for a runner {image}
From the charts you posted you always seem to hit the perfect entry candle just before price moves back in trend direction, is there anything I miss because since testing this strategy i almost never got the pending buy or sell entry activated with the first new candle that follows.

Also only winners posted yet. Could you tell what’s the loss/win rate for you trading this strategy over how many days and amount of total trades?

Thanks in advance
  • #153
  • Apr 8, 2020 3:02pm Apr 8, 2020 3:02pm
Hi, really interested in this thread. Just wish to clarify one thing, in the OP you simply say retracement candle is this any type of retracement candle or a certain one such as engulfing or do you use any specific parameters for said candle? Cheers
  • #154
  • Apr 8, 2020 11:08pm Apr 8, 2020 11:08pm
Attached Image (click to enlarge)
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why 1st circle and 2nd circle do not entry?
  • #155
  • Apr 9, 2020 1:04am Apr 9, 2020 1:04am
Quoting lddd
{quote} testing this strategy i almost never got the pending buy or sell entry activated with the first new candle that follows. Also only winners posted yet. Could you tell what’s the loss/win rate for you trading this strategy over how many days and amount of total trades? Thanks in advance
Hi Iddd, if your pending order was not activated, you move it to the next candle. So you make sure you getting on the right track as soon as possible.

They are plenty of losing trades, of course. Loss/win rate is about 40. But your winners outweight the losers far more. Thats why is so important to have a good R:R management, best is 1:3.

Trade safe!
  • #156
  • Apr 9, 2020 1:06am Apr 9, 2020 1:06am
Quoting fsbr
{image} why 1st circle and 2nd circle do not entry?
Well, because it`s my sleeping time

I usually take trades in the frankfurt and london session. But they would be valid entries.
  • #157
  • Apr 9, 2020 1:10am Apr 9, 2020 1:10am
Quoting james.trades
Hi, really interested in this thread. Just wish to clarify one thing, in the OP you simply say retracement candle is this any type of retracement candle or a certain one such as engulfing or do you use any specific parameters for said candle? Cheers
Hi James, it has to be a clear move in one direction, following with a clear retracement. Then i look for candle with the opposite color to the trend. Not special types of candles.
  • #158
  • Apr 9, 2020 1:22am Apr 9, 2020 1:22am
Quoting Minotawr
{quote} Well, because it`s my sleeping time I usually take trades in the frankfurt and london session. But they would be valid entries.
OH...sorry, my fault
and a few questions

1. I long at break previous high, but at the same candles, it break previous low, will you SL? or you will wait candle closed to decide SL?
2. entry Long and then met 2R, you will wait to meet 3R or close ALL order? if wait 3R, how to determine ?

Sorry for my bad english
  • #159
  • Apr 9, 2020 1:24am Apr 9, 2020 1:24am
hi, i followed your method and entered GJ, am I on the right track?
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  • #160
  • Edited 5:26am Apr 9, 2020 1:40am | Edited 5:26am
Quoting matthewcyx
hi, i followed your method and entered GJ, am I on the right track? {image}
No you are wrong, price is trading above 100EMA, so you should only place buy orders, no sell orders.
Lajit
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