Magic 100

Quoting Minotawr

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{quote} Hey Max, I am glad that you are using ADX to your advantage, but it has nothing to do with the "Magic 100" system. We will keep it simple here. No offence, sorry

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Quoting Ah-Ong

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Hi Minotawr, Just want to ask: 1) You take ALL trades that match the rules or just take some eg only some favorite pairs you like. 2) You take ALL trade with 3R or some are 2R ?? Thanks.

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Quoting teapeak

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More nice trades Thanks Minotawr for this nice and easy system. {image} {image}

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Quoting xkwisit2001

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It's been some time since posting. I trade a different strategy. However, I still incorporate this and was thinking. Adding a 21EMA might help (thin green not thick). See chart: in uptrend when price gets close to 21EMA you can set pending trades on the pin bars closest to the EMA in the trend direction. I also personally use 30M for my entry. 21 EMA works best for me. I marked my entries in yellow with arrow as direction.. Thats my style though. Using the pin bars as you know there is strong resistance or support depending on trend direction. Any...

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Quoting Forest-Sea

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{quote} Greetings Xkwisit . . . wondering how you decide when 'enough is enough.' That is, when to exit. If you pick up several retraces to or beyond the 21 line and hold all positions what is your que to finally take full profit and close? And thanks so much for your input. F-S

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Quoting xkwisit2001

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{quote} Hi Mate, I use weekly pivot levels to help exit my trades .

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Quoting xkwisit2001

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{quote} If you see pin bars and it's near 21EMA and direction is up then you set pending order on the pin bar. It's not hard to see if it's close to the moving average. Even if other candles get closer it doesn't matter because it's a pending buy order. I never told you to trade what I use, it's a mere suggestion in case it helps as its working great for me. If you go back to first post you'll see my quoted post. I know how to trade it perfectly. Last 2 months completely green for me. Trade safe.

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Quoting sam1967

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{quote} dear xkw...as per method your are using 21 ems for 30m chart..simple. so in this method you said that you take trade based on pin bars perform close to the ema. my question do you Wait till directional candle perform & closed it to get the order.(eg..if we consider sell order until closed the red candle ) what's your suggestion

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Quoting Minotawr

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Hello Folks, let me introduce very quick my trading system...easy and profitable ....and yes, there is nothing magical about this one Time Frame H1 , but it works also in the higher timeframes as well! All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle. Stop is is under the candle. TP is 2R (R:R is about 1:2 or 1:3) See Picture {image} Sell: Price is under the 100EMA, you place a sell order...

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Quoting Degolep

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Why everyone want's to improve something that has been working for years(as the op said)? Minotawr said that EMA100 is just for visuals and not just blindly use it as a holy grail MA. But if you think some other indicators could help improve the strategy, test it before for a long period then provide results and we will all be happy if it contributes to improving the strategy. My contribution is this simple indicator where you can see if price is above/below of the EMA 100. You can use my setfile and modify whatever you need. {file} {file} {image}...

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Quoting xkwisit2001

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{quote} Great question Sam. I've found that because the 21 EMA acts as support a lot of the time you will probably see more than one pin bar or at least some kind of bullish pressure as price gets near the EMA. I'd wait for the candle to close and then set the pending order. You want to make sure it has a decent enough Wick though and a bit of a body for an easy entry when setting the pending order. Hope I'm making sense! Just woke up ha.

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