Magic 100

Quoting Olarion1975

Disliked

Here is another perfect trade example I took on NZDCAD H1 a few day ago. The retracement slowed down (Doji), so I took the entry right below the round number. A bit early according to the rules, but you would have made a good profit either way. {image}

Ignored

Quoting Vivi-l

Disliked

{quote} Why you didnt take trade on the bearish engulf ( the pointed with yellow arrow)? {image}

Ignored

Quoting Olarion1975

Disliked

{quote} 2 reasons: 1. I was not at the PC ;-) 2. Personally, I would have not taken the break of that green candle because it shows no slowing down of the retracement (no doji). If you had made the trade, it would likely be a winner too (depending on your SL).

Ignored

Quoting Vivi-l

Disliked

{quote} Thanks Olarion1975 ...so doji is a must for your entry?

Ignored

Quoting Vivi-l

Disliked

Hi Olarion1975, Do you only trade the following pairs? {image}

Ignored

Quoting doax

Disliked

Hello. Interesting system. I was making some great pips for the last couple of years with a system based on VP from NNFX. I'm sure some of you've heard about him. Mostly people don't like him and called his system crap. Well, i don't want to advertise him, but my accout was growing as s!"t . But market changed and I lost almost 20% from March to May so I stopped trading, since my system wasn't working anymore. Even close. So I returned to FF to check what's new And I've found this thread, which is Great (thank you Minotawr!). It's...

Ignored

Quoting tradista

Disliked

{quote} That is probably due to slippage. You can losen it up by adding the spread difference or some predefined wiggle room of a few pips. I recommend that everyone should backtest extensively to find the small details that suits them better, like in this case, should I add or not the spread to my SL? Only you can answer if it suits your style by backtesting it.

Ignored

Quoting Olarion1975

Disliked

I am trading this method on my live account for 8 days now, it is awesome. Most of the trades are on H1, if liquidity is low I switch to M15. I try to stick to a risk/reward ratio of 1:2/1:3 on H1 and 1:2 on M15 and I might exit the trade or close part of the position if price hits a major support/resistance line or daily/previous days High/Low. If price trends strongly I trail my SL on M5 / M1 behind the last swings. {image}

Ignored

Quoting tradista

Disliked

{quote} You're right, should have waited for a clear impulse to occur first.

Ignored

Quoting Olarion1975

Disliked

5.7% profit today...more than enough. I am done {image}

Ignored

Quoting intraflay

Disliked

{quote} ”When you start riding, you start with two bags. One is an empty bag of experience, and one is a bag full of luck. And the key with this is to fill your bag full of experience, before your bag full of luck runs out”

Ignored

Quoting Olarion1975

Disliked

{quote} If price moves "normal", I do not touch my SL until r/r of 1:1 where I set SL to BE. If the price goes in your favor I usually trail my SL behind the last swings on M5 / M15.

Ignored