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Magic 100

  • #261
  • Apr 15, 2020 8:04am Apr 15, 2020 8:04am
Quoting arnjms
{quote} 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.
There`s no need to be upset arnjms. You have to understand, that there are everyday almost the same questions. Everything you need to know is covered in the thread.

Please make a proper picture of your trade situation, i just can`t see anything in your first image.
  • #262
  • Apr 15, 2020 8:04am Apr 15, 2020 8:04am
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 34 KB
  • #263
  • Apr 15, 2020 8:11am Apr 15, 2020 8:11am
I traded early Asian session this morning, entered a few BUY trades for GBP. All hit my SL quickly, as apparently there has been a huge reversal since European session. Luckily all my SL are quite tight 20+ pips max so it's ok

The good news is I've been holding a EURJPY sell position since yesterday and now it's 90+ pips in profit
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 60 KB
  • #264
  • Apr 15, 2020 8:36am Apr 15, 2020 8:36am
Folks, on such tough days i recommend not to trade at all, especially for beginners. Everyone is get excited about trend reversals and jumps too early on the train, because of fear to miss something big. Believe me, the markets are not running away. Tomorrow will bring new opportunitys. You don`t have to trade everyday.

Just a reminder.
  • #265
  • Apr 15, 2020 10:14am Apr 15, 2020 10:14am
Quoting Minotawr
You don`t have to trade everyday.
That is so very true. The moment you stop feeling the urge to chase the next trade, but rather let it come to you, is a game changer. It often takes years to realise this simple truth, doesn't it?
Timing Direction Strength
  • #266
  • Apr 15, 2020 4:03pm Apr 15, 2020 4:03pm
Quoting Minotawr
Folks, on such tough days i recommend not to trade at all, especially for beginners. Everyone is get excited about trend reversals and jumps too early on the train, because of fear to miss something big. Believe me, the markets are not running away. Tomorrow will bring new opportunitys. You don`t have to trade everyday. Just a reminder.
Hi Minotawr,

I wanted to know if you have any ea/indicators that allows you to quickly set the tp and sl. Since calculating every time and manually putting them is quite long if go through 20 pairs every hour

many thanks
  • #267
  • Apr 15, 2020 8:01pm Apr 15, 2020 8:01pm
Quoting luca5594
{quote} Hi Minotawr, I wanted to know if you have any ea/indicators that allows you to quickly set the tp and sl. Since calculating every time and manually putting them is quite long if go through 20 pairs every hour many thanks
This is a simple script - so be sure it goes in the script folder! It will allow you to modify all orders on the current chart at the same time. Default is 10 for each which can be altered when the dialog box opens. To run drag it to the chart you want to modify the orders on. Hope it helps.

maahome
Attached File(s)
File Type: ex4 Modify_All_TP_SL.ex4   8 KB | 556 downloads
  • #268
  • Apr 16, 2020 1:29am Apr 16, 2020 1:29am
Quoting luca5594
{quote} Hi Minotawr, I wanted to know if you have any ea/indicators that allows you to quickly set the tp and sl. Since calculating every time and manually putting them is quite long if go through 20 pairs every hour many thanks

I use this one, by default it is TP 60 and SL 20, Add to high/low pips 2 pips and candle shift is 1 but you can change set up. It is script!!!!
Attached File(s)
File Type: ex4 ForestraliaBuy Daily!!!!.ex4   28 KB | 512 downloads
File Type: ex4 ForestraliaSell Daily!!!!.ex4   27 KB | 482 downloads
  • #269
  • Apr 16, 2020 2:43am Apr 16, 2020 2:43am
I have an eye on the CAD pairs
  • #270
  • Apr 16, 2020 8:42am Apr 16, 2020 8:42am
Range and consolidation, as far as the eye can see today. Not worth it.
Timing Direction Strength
  • #271
  • Apr 16, 2020 9:02am Apr 16, 2020 9:02am
Quoting finessence
Range and consolidation, as far as the eye can see today. Not worth it.
Yes, patience is key...
  • #272
  • Apr 16, 2020 9:04am Apr 16, 2020 9:04am
Quoting Minotawr
I have an eye on the CAD pairs
Some CAD trades have been activated...charts will follow
  • #273
  • Edited 9:55am Apr 16, 2020 9:38am | Edited 9:55am
CAD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 36 KB
  • #274
  • Apr 16, 2020 9:52am Apr 16, 2020 9:52am
Quoting finessence
Range and consolidation, as far as the eye can see today. Not worth it.
And just a moment later the JPYs exploded, lol. Yeah, patience for sure.

Short GU. Looks like it wants to make a new daily/weekly low.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1604.png Size: 41 KB
Timing Direction Strength
  • #275
  • Apr 16, 2020 10:09am Apr 16, 2020 10:09am
1-3 super trade
  • #276
  • Apr 16, 2020 10:22am Apr 16, 2020 10:22am
why the case only you mentioned one hour?
That make a sense you know beneath a 100 MA lines there can be a very long trend. Of course that's the other subject that it's biased on what I mean to say that consistent bars of several hours of course will remain 100 MA lines unless once broken.

Has anyone got any benefit using this system?
  • #277
  • Apr 16, 2020 10:30am Apr 16, 2020 10:30am
Quoting Minotawr
CAD/JPY {image}
Great trade! How much do you risk per trade? Do you ever move your stop to BE?
  • #278
  • Apr 16, 2020 11:15am Apr 16, 2020 11:15am
Thank you Minotawr for this thread. i wrote this script for easy placement of stop pending orders with SL/TP especially for this system.
  • #279
  • Apr 16, 2020 2:50pm Apr 16, 2020 2:50pm
Quoting Olarion1975
{quote} Great trade! How much do you risk per trade? Do you ever move your stop to BE?
Hey buddy, risk never more than 1%. Sometimes i move my SL to BE when the trades going overnight.
  • #280
  • Apr 16, 2020 2:51pm Apr 16, 2020 2:51pm
Quoting tuxTrader
Thank you Minotawr for this thread. i wrote this script for easy placement of stop pending orders with SL/TP especially for this system.
Hi Tux, you welcome.
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