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Magic 100

  • #241
  • Apr 15, 2020 1:23am Apr 15, 2020 1:23am
Quoting rickntc
this week is a much better week to trade compared to last week. Lots of action going on across many pairs. Yesterday I did 5 trades using this strategy, won 3, breakeven 1, lost 1, earned 30-50 pips for each win (still holding USDJPY now) Thank you Minotawr
Great my friend! Feel freee to share your trades
  • #242
  • Apr 15, 2020 1:24am Apr 15, 2020 1:24am
Quoting JetSpeed
Hi All, just joined, happy trading! My Today Spot - Eur/gbp hope this help! Good Luck!
Hi Jet, welcome! Good call, have this one also on my WL.
  • #243
  • Apr 15, 2020 1:28am Apr 15, 2020 1:28am
Quoting ingo3344
it is a pity but I don't hold a trade overnight. I thought about it {image}
Good morning buddy, nothing to regret here. Ther will be another opportunity, i am sure. Just be patient.
  • #244
  • Apr 15, 2020 1:31am Apr 15, 2020 1:31am
Hello Minotawr
Have you done a test in a tester (EA mt4) to check the effectiveness over several years?
  • #245
  • Apr 15, 2020 1:36am Apr 15, 2020 1:36am
Quoting 90patrick
Hello Minotawr Have you done a test in a tester (EA mt4) to check the effectiveness over several years?
Hey pat, i am trading this style since 5 years, successfully. There is no better way to test it

Profitability is up to you
  • #246
  • Apr 15, 2020 2:43am Apr 15, 2020 2:43am
Good morning to everyone!

Just to share a quick visual look:
https://i.imgur.com/zJgyJh5.png

The aim for R:R is 1:2 in my case;
and not leaving trades open overnight
(that's why couple trades didn't have full TP range).

Have read the thread and it looks very neat.
Simplicity of it is like a breath of fresh air.

Will probably post some live trades in days to come,
but for now just wanted to say Hi and Thanks!
  • #247
  • Apr 15, 2020 2:44am Apr 15, 2020 2:44am
First loss... Good to share as well..
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 22 KB
  • #248
  • Apr 15, 2020 2:58am Apr 15, 2020 2:58am
Quoting Piscis
First loss... Good to share as well.. {image}
Absolutly, thanks mate. That`s the part of the game.

Be carefull folks, many pairs are about to reverse, strong movements ahead.
  • #249
  • Apr 15, 2020 3:39am Apr 15, 2020 3:39am
let me see if i got this right: set the pending orders After the reversal candle is formed.
for example, on gbp/chf my candle is formed. as soon as the price go back up a bit i set my pending orders. (im trying not to assume if the candle is a reversal candle while is forming, as anything can happen.) if the price will not go back up, i missed a trade?
Thank you and all the very best!
Attached Image (click to enlarge)
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  • #250
  • Apr 15, 2020 3:49am Apr 15, 2020 3:49am
Quoting arnjms
Hi MInatawr, Just want to ask, When is the signal candle not valid? or when do I cancel my order? is it if, after the signal candle: 1. the next 1st candle did not trigger my EP? 2. the next 2 candles did not trigger my EP? {image} - attached is a signal but after 2 green candles it was not triggered or 3. its in your own discretion?

Hi mate,

Please, show a little of respect here and read from the first page it is only 13 pages.
Good luck.
  • #251
  • Apr 15, 2020 4:10am Apr 15, 2020 4:10am
Hello Minotawr,

Is strategy working also on stock market ?
  • #252
  • Edited 5:42am Apr 15, 2020 5:29am | Edited 5:42am
Quoting 90patrick
Hello Minotawr, Is strategy working also on stock market ?
Hey pat, i have not trade the stock market, but i am sure it will work also on stocks. The concept of strong trend movements and retracements is a basic principle of all markets.
  • #253
  • Apr 15, 2020 5:38am Apr 15, 2020 5:38am
Attached Image (click to enlarge)
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  • #254
  • Apr 15, 2020 5:56am Apr 15, 2020 5:56am
Too early for you because the trend is not really going yet?
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 33 KB
  • #255
  • Apr 15, 2020 6:06am Apr 15, 2020 6:06am
Eur/gbp kicked in
Attached Image (click to enlarge)
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Demo = Demon
  • #256
  • Apr 15, 2020 6:27am Apr 15, 2020 6:27am
Quoting Forestralia
{quote} Hi mate, Please, show a little of respect here and read from the first page it is only 13 pages. Good luck.
Hi, Yes I have read the thread. I apologize that asking is disrespectful. I am just asking about managing the trade. I am just clarifying what I understand... Anyway, you don't need to answer... good luck to all.
  • #257
  • Apr 15, 2020 7:32am Apr 15, 2020 7:32am
Good morning. Aussie trade short. Strong trendline break and price under 100 ema.
So far looking good.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 193 KB
  • #258
  • Apr 15, 2020 7:38am Apr 15, 2020 7:38am
One more.
Note that proper entry was below the green line. i got in a bit sooner.
Attached Image (click to enlarge)
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  • #259
  • Apr 15, 2020 8:00am Apr 15, 2020 8:00am
Quoting ingo3344
Too early for you because the trend is not really going yet? {image}
For me definetly too early. You have to be carefull in this situation, you could be stucked in a fake reversal.
  • #260
  • Apr 15, 2020 8:00am Apr 15, 2020 8:00am
Quoting ingo3344
{image}
Looks good, did you trade this one?
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