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Magic 100

  • #1,241
  • Aug 12, 2020 10:00pm Aug 12, 2020 10:00pm
[quote = intraflay; 13111048] {quote} Juga, lihat kiri. Baru-baru ini, dan paling kiri ... Banyak dan banyak penolakan di dalam dan sekitar area itu. Mengambil perdagangan ke dalamnya selalu berisiko. Secara pribadi saya telah menunggu jeda yang kuat di atas ketinggian di ujung kiri gambar, lalu tes ulang, dan kemudian melihat untuk masuk. Sabar, sabar, sabar [/ kutipan]
means we need to find support and resistance too?
  • #1,242
  • Aug 13, 2020 2:30am Aug 13, 2020 2:30am
Quoting Olarion1975
Here's another trade I just took on AUDCAD M15. I took profit at 1.5R. SL = 8 pips, TP = 12 pips. {image} {image}
This is very interesting approach Olarion1975 Going to smaller timeframes to get even better entrys. Same rules as on H1 timeframe i guess?

Thank you for your great postings
Pressure shapes Legends
  • #1,243
  • Aug 13, 2020 3:05am Aug 13, 2020 3:05am
Quoting Juri
{quote} This is very interesting approach Olarion1975 Going to smaller timeframes to get even better entrys. Same rules as on H1 timeframe i guess? Thank you for your great postings
Yes, same entry rules. But you have to be extremely picky with your setups, only take the best ones.
  • #1,244
  • Aug 13, 2020 4:55am Aug 13, 2020 4:55am
Hello I'm new here any recommended set files ??? for live use???
Swimming with sharks!
  • #1,245
  • Aug 13, 2020 5:04am Aug 13, 2020 5:04am
EJ +4R -- (lower tf entry)
UC -1R -- (lower tf entry - chased the trade after missing prior frankfurt entry)

+3.0% for the day.

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  • #1,246
  • Aug 13, 2020 5:54am Aug 13, 2020 5:54am
i have this one on my WL...the area is looking good and the 100EMA with a good angle. I will wait for a nice small green candle for my stop entry
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Pressure shapes Legends
  • #1,247
  • Aug 13, 2020 6:00am Aug 13, 2020 6:00am
Quoting Juri
i have this one on my WL...the area is looking good and the 100EMA with a good angle. I will wait for a nice small green candle for my stop entry {image}
Looks good . But be careful, price is making HL and HH, so it easily could go higher and break through the 100EMA.
  • #1,248
  • Aug 13, 2020 6:06am Aug 13, 2020 6:06am
Quoting maahome
Well done Minotawr! Nice simple strategy - really takes KISS to a new level. I have traded a nearly identical strategy for a while but I use a different MA tool and have a simple bar count using the indicator when a reversal occurs. After reading your thread I also placed the 100 ma on to see what I could possibly improve on for my own method. I like the 1H also as it gives a nice R:R without too much stress monitoring it. If anyone is interested I will post with Minotawr's permission of course. Good Luck to all. maahome
hi.Can you post your method for comparison and better information?tnx
  • #1,249
  • Aug 13, 2020 6:17am Aug 13, 2020 6:17am
Quoting Olarion1975
{quote} Looks good . But be careful, price is making HL and HH, so it easily could go higher and break through the 100EMA.
How about the setup in GBPCHF?
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  • #1,250
  • Aug 13, 2020 6:21am Aug 13, 2020 6:21am
Quoting Vivi-l
{quote} How about the setup in GBPCHF? {image}
Looks also good...but wait and see how the H1 closes. If the candle is big, wait for a smaller one or an inside bar and take the break of that one.
  • #1,251
  • Aug 13, 2020 7:24am Aug 13, 2020 7:24am
Quoting Vivi-l
{quote} Why you didnt take trade on the bearish engulf ( the pointed with yellow arrow)? {image}
----
Hi Vivi,
Thé most important reason for NOT taking that trade is that the engulfing was wayyy too strong and engulfed a couple of candles. Cyborg says that it should not go more than 1½-candles. ( I have seen candles like this one giving good pips, but your overall direction was still strong UP as Olarion mentioned.
Hercs.
Hercs
  • #1,252
  • Edited 9:19am Aug 13, 2020 8:32am | Edited 9:19am
Because it's so simple we all can adapt this approach and add to it many different ideas, it's fine, but in regards to respecting this thread I don't think Minotaur has mentioned anything other than just to take a stop order on an opposing H1 candle during a strong trend and aim for 2 to 3R. Personally, I'd like to find out if such simple concept works by itself, as stated by the TO, so why the discussion about other things?
  • #1,253
  • Aug 13, 2020 9:42am Aug 13, 2020 9:42am
Almost among the Top 10
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  • #1,254
  • Aug 13, 2020 9:51am Aug 13, 2020 9:51am
Tough trading today, but I managed to make up for my losses.
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  • #1,255
  • Aug 13, 2020 10:21am Aug 13, 2020 10:21am
Quoting Olarion1975
Tough trading today, but I managed to make up for my losses. {image}
18 trades mate? Wow! What’s your daily average would you say? Just curious that’s all. And over how many pairs were they taken today?
  • #1,256
  • Aug 13, 2020 10:41am Aug 13, 2020 10:41am
Quoting intraflay
{quote} 18 trades mate? Wow! What’s your daily average would you say? Just curious that’s all. And over how many pairs were they taken today?
I only traded 3 pairs today: NZDUSD, NZDJPY and GBPCHF. But with multiple positions and partial closes, so that could be the reasons for that many trades.
  • #1,257
  • Aug 13, 2020 10:47am Aug 13, 2020 10:47am
[quote = Olarion1975; 13112456] {quote} Saya hanya memperdagangkan 3 pasangan hari ini: NZDUSD, NZDJPY dan GBPCHF. Tetapi dengan banyak posisi dan penutupan parsial, sehingga bisa menjadi alasan untuk banyak perdagangan. [/ Quote]
Excellent work
  • #1,258
  • Aug 13, 2020 1:41pm Aug 13, 2020 1:41pm
i got a really good 1m system using this if anyone is interested. Been testing it for a while using the last up/down candle.
Ill do a video and post it
  • #1,259
  • Aug 13, 2020 1:45pm Aug 13, 2020 1:45pm
Quoting dazjw2311
i got a really good 1m system using this if anyone is interested. Been testing it for a while using the last up/down candle. Ill do a video and post it
please share I am interested
  • #1,260
  • Aug 13, 2020 1:48pm Aug 13, 2020 1:48pm
Quoting dazjw2311
i got a really good 1m system using this if anyone is interested. Been testing it for a while using the last up/down candle. Ill do a video and post it
Heres a picture , its obviously opposite on buying

EMAs are 50, 13 and 7 not 100 as i put in picture , my mistake
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