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Magic 100

  • #581
  • Jun 5, 2020 11:26am Jun 5, 2020 11:26am
Quoting Wyrebill
Hi Guy's Learner results for today. Forgot about NFM and got caught, but came out OK. {image}
Hi are you following the Minotawr rules? As for sure on DAX with 1 lot it cant be only 7 pips TP? What R:R ratio are you using in your trades?
  • #582
  • Jun 5, 2020 11:27am Jun 5, 2020 11:27am
NFP rocks today
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  • #583
  • Jun 5, 2020 1:11pm Jun 5, 2020 1:11pm
Quoting dazjw2311
{quote} what ever candle. i just find it is very consistant. Add this to the 100 ema, there is extra confirmation. Going to demo it myself. Always like simple methods like this. At the moment i use these emas with my 3 bar fractal break set up and is extremely profitable. I imagine this is better as you get in earlier so im going to do some backtesting. Awesome method this. Thanks for sharing Minotawr
thanks for your reply...
  • #584
  • Jun 5, 2020 4:50pm Jun 5, 2020 4:50pm
Quoting dazjw2311
{quote} what ever candle. i just find it is very consistant. Add this to the 100 ema, there is extra confirmation. Going to demo it myself. Always like simple methods like this. At the moment i use these emas with my 3 bar fractal break set up and is extremely profitable. I imagine this is better as you get in earlier so im going to do some backtesting. Awesome method this. Thanks for sharing Minotawr
Hello,
Could you please shed more light on how you combine the emas with your 3 bar fractal break set up.
  • #585
  • Jun 5, 2020 5:20pm Jun 5, 2020 5:20pm
Quoting Milanista
{quote} Hello, Could you please shed more light on how you combine the emas with your 3 bar fractal break set up.
Wrong thread
  • #586
  • Jun 5, 2020 5:36pm Jun 5, 2020 5:36pm
Quoting lddd
{quote} Yes. Me for e.g :-) If you say „trend strong“ I guess you mean a well developed series of higher highs and higher lows or vice versa over a longer period of time? Or could you give some more example charts for it? The question I always ask my self when I hear something like that is the following: How do I know the trend will most likely continue? Isn’t it more obviously that when there is already a well established trend that chances are much greater it will turn around again pretty soon? So you buy high actually instead of buying low or...

this is an older post, but I struggled with the same thing. I think I cured it. Doesn’t mean I’m a god, but that part of my psychology is done.

In short, if you are looking at the chart in an up trend, I came to the realization - “if I would have bought literally anywhere and everywhere on this chart, I would have been profitable”. I had some positions I closed on EJ at recent highs only for those to be hundreds of Pips below where the pair closed today. I ask my self, why did I get out?

in short, as soon as your mentality becomes, “it’s better to find the new trend”, you will “look” for it, and because you are “looking for it” you will “see/find” it, even when it isn’t there!

so, what is the fix? “Buy as long as everyone else is buying”. How do you know everyone else is buying? Look at the chart. In 2 seconds you should be able to tell who is control. After that, stop, and trade/wait for that trade. Again, look at EJ. EVERYONE AND THEIR GRANDMA was buying. So why didn’t you, or I, or the next person? Yes - you need to refine when to buy to be MORE profitable, but this thread directs you toward that goal very well.

will you be wrong? And I don’t mean lose, but be wrong, as in after the trade you realizing your pull back candle was simply a part of the impulse leg of a new trend... Yes - you’ll be wrong when people stop buying. That will be the end of your trend. That will be your signal, that you’ve found your “new” trend.

let the market “prove you wrong” rather than find the places to be right.
  • #587
  • Jun 5, 2020 7:52pm Jun 5, 2020 7:52pm
May God bless Minotawr for this great insight. Wow!!! This is wonderful. Have a wonderful weekend
  • #588
  • Jun 5, 2020 10:30pm Jun 5, 2020 10:30pm
My notes from the thread so far. I hope they help.

Attached File(s)
File Type: txt Magic.100.txt   9 KB | 915 downloads
  • #589
  • Jun 6, 2020 10:13am Jun 6, 2020 10:13am
Quoting bojack34
My notes from the thread so far. I hope they help. {file}
Thanks Bojack34. very helpful.
Just trying to put a kiss on the cheek of success
  • #590
  • Jun 6, 2020 3:31pm Jun 6, 2020 3:31pm
Quoting Minotawr
{quote} Thanks Degolep for your kind words. I hope it will be usefull for you and all others. Since 5 years my account was magical touched. I have build a small account to a serious amount in time of three years. Since two years i am trading for a living. Back then I made a plan for myself, with hard rules. Today i am there, where i always wanted to be
Hello everyone! Minotawr, i would like to ask you about your plan (trading plan). Can you write about it in details please. Cuz as we all know the discipline and the psychology is 80% of success in trading. I think it’s really important as for newbies as for other traders who is still searching their way. If you’ll write it in step-by-step - that would be excellent.

Best wishes and trade save!
  • #591
  • Edited 4:04am Jun 7, 2020 12:44am | Edited 4:04am
Quoting Minotawr
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...
Hi Minotawr,

Aside from EMA100, are you using other stuff to be confident on the trend and what asset on you will trade? Thanks.
  • #592
  • Jun 7, 2020 7:51am Jun 7, 2020 7:51am
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!
Hi Klausi-
Nice help...
Do you know then formula for these calculations ?
I suppose it's some kind of steepness for the ema ?
  • #593
  • Jun 7, 2020 9:07am Jun 7, 2020 9:07am
Quoting Degolep
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}...
you can use ogt trend indcator as well.
  • #594
  • Jun 7, 2020 11:21am Jun 7, 2020 11:21am
Hi @Minotawr

For your 1:3 or 1:2 RR, do you go all the way or do you take partial profits along the way?
  • #595
  • Jun 7, 2020 3:03pm Jun 7, 2020 3:03pm
Quoting dazjw2311
{quote} You say this about every strategy pmsl. your an idiot mate. Give up will you
Yes, keep trying to shut me down and proving me right boy
  • #596
  • Jun 7, 2020 3:58pm Jun 7, 2020 3:58pm
Thank OP can you be giving us like a pair to focus on with the strong trend, for us the beginners, you can do like weekly stuff like for this week now.. you give us pairs to focus on. please
  • #597
  • Jun 7, 2020 5:15pm Jun 7, 2020 5:15pm
Quoting Milanista
{quote} Hello Magician, I do not know how you discovered this game changer but I can confirm to you and everyone for a fact that I am in the green by 81.5% in closed trades and about 15% in working or open trades. All by risking only about 2% per trade with a R:R of 1:2 trading just this week alone. I have been learning & struggling to make money from the markets for close to a decade now & never have I ever come close to this sort of unimaginable result. I am very emotional at the moment. I am certain that all those who have stumbled upon this...
Wow, my friend! Thanks for such kind words. Donīt be shy to get emotional.

I am glad i could hepl to some of the traders! Someday Magic100 was a gamechanger for me, so i am happy it becomes one for you!
  • #598
  • Jun 7, 2020 5:19pm Jun 7, 2020 5:19pm
Quoting teapeak
NFP rocks today {image} {image} {image} {image}
Please stop Tea, leave some pips over for us

Nice trading mate
  • #599
  • Jun 7, 2020 5:22pm Jun 7, 2020 5:22pm
Quoting mrpepper
May God bless Minotawr for this great insight. Wow!!! This is wonderful. Have a wonderful weekend
Thanks my friend. You welcome. I could not imagine the thread is going so far
  • #600
  • Edited 12:28pm Jun 8, 2020 12:36am | Edited 12:28pm
FOLKS:

Earlier I had posted and EA for this approach. SomeOne already provided feedback (awesome thank you) and the EA had alot of errors... I will fix this soon, so for now I have removed the download link that was in this post.

Version 2 will be up as soon as possible.

In the mean time keep trading with great profit

thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
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