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Magic 100

  • #1,501
  • Aug 25, 2020 5:46am Aug 25, 2020 5:46am
[quote = Jughead; 13129584] Pensieri? {image} [/ quote]
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  • #1,502
  • Aug 25, 2020 5:50am Aug 25, 2020 5:50am
Quoting tradista
{quote} Thanks, yes I'm backtesting intensively and from the data I'm getting it seems that M5 can provide for 5R moves most of the times. Do you even look at the higher timeframes for direction ?
Not always. But if I get confused in lower time frames I look at H1 and find highs and lows.
Money goes to the one who understands, not the one who rushes
  • #1,503
  • Edited 6:03am Aug 25, 2020 5:52am | Edited 6:03am
Today JPY is the king!

In the screenshot, I am showing GBPJPY . There has been an inversion in H4, yesterday at the candlestick 20:00/24:00.

Today there was not an inversion but the trend was so strong that has to take advantage.
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  • #1,504
  • Aug 25, 2020 6:04am Aug 25, 2020 6:04am
Quoting flashpaul
Today JPY is the king!
Yes and we will probably have a heavy fall soon. RSI is above 85 in all time frames. buy is risky now. we can sell below EMA100 in M5 and M1
Money goes to the one who understands, not the one who rushes
  • #1,505
  • Aug 25, 2020 6:09am Aug 25, 2020 6:09am
Quoting Aliens
{quote} Yes and we will probably have a heavy fall soon. RSI is above 85 in all time frames. buy is risky now. we can sell below EMA100 in M5 and M1
which period you use for the rsi the standard 14?
  • #1,506
  • Aug 25, 2020 6:12am Aug 25, 2020 6:12am
Quoting Frag8383
{quote} which period you use for the rsi the standard 14?
Yes 14 but I have an advanced RSI for trades. It is much more accurate and sensitive.
Money goes to the one who understands, not the one who rushes
  • #1,507
  • Aug 25, 2020 6:13am Aug 25, 2020 6:13am
Look at AUDJPY H4 inversions for whatever session. It is not so difficult to identify and confirm the pattern. Then everybody can manage the new trend as he prefers.
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  • #1,508
  • Aug 25, 2020 6:18am Aug 25, 2020 6:18am
Quoting Aliens
{quote} Yes 14 but I have an advanced RSI for trades. It is much more accurate and sensitive.
and what do you consider a valid pullback?
when the 50 ema and the 100 ema are cross on the right direction and rsi14 goes below 30 or above 70?

Kind regards
  • #1,509
  • Aug 25, 2020 6:28am Aug 25, 2020 6:28am
Quoting Frag8383
{quote} and what do you consider a valid pullback? when the 50 ema and the 100 ema are cross on the right direction and rsi14 goes below 30 or above 70? Kind regards
I just use RSI for overbought/oversold, not more. For reversal when the price crosses EMA50 we are given the first confirmation. Once EMA100 is crossed by price, we can enter into trade with using the Magic100 rules.
Money goes to the one who understands, not the one who rushes
  • #1,510
  • Aug 25, 2020 6:32am Aug 25, 2020 6:32am
Quoting Aliens
{quote} I just use RSI for overbought/oversold, not more. For reversal when the price crosses EMA50 we are given the first confirmation. Once EMA100 is crossed by price, we can enter into trade with using the Magic100 rules.
understood

Thanks
Kind Regards
  • #1,511
  • Aug 25, 2020 8:10am Aug 25, 2020 8:10am
GU 5R (missed this one, was not watching my charts) beautiful !!

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  • #1,512
  • Aug 25, 2020 8:11am Aug 25, 2020 8:11am
Quoting Aliens
{quote} I just use RSI for overbought/oversold, not more. For reversal when the price crosses EMA50 we are given the first confirmation. Once EMA100 is crossed by price, we can enter into trade with using the Magic100 rules.
You always have interesting points but I don't think crossing the Ma 50 is very safe.
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  • #1,513
  • Aug 25, 2020 9:51am Aug 25, 2020 9:51am
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  • #1,514
  • Aug 25, 2020 10:09am Aug 25, 2020 10:09am
Quoting ingo3344
{image}
is that the 50 and 100 EMAs?
  • #1,515
  • Aug 25, 2020 10:20am Aug 25, 2020 10:20am
Quoting flashpaul
[quote = sagi; 13128901] {quote} Esegui la scansione di tutte le coppie e come lo fai? [/ quote] I look at all pairs in H4 and look only at very very few inversion candle patterns in my preferred session which is between candles H4 04:00 and 08:00 of the broker. It takes 10 minutes to check when you are able to select these few patterns. If you don´t find these patterns in one pair, quickly leave it and go to the next pair. I don´t take care of other opportunities. The patterns may be engulfing, pin candle, morning star, evening star... It is always...
Very good!
  • #1,516
  • Aug 25, 2020 10:21am Aug 25, 2020 10:21am
Quoting flashpaul
Look at AUDJPY H4 inversions for whatever session. It is not so difficult to identify and confirm the pattern. Then everybody can manage the new trend as he prefers. {image}
Do you have an indicator to alert you about the formations, or you form the boxes yourself.?
  • #1,517
  • Aug 25, 2020 10:35am Aug 25, 2020 10:35am
Quoting flashpaul
Today JPY is the king! In the screenshot, I am showing GBPJPY . There has been an inversion in H4, yesterday at the candlestick 20:00/24:00. Today there was not an inversion but the trend was so strong that has to take advantage. {image}
is this what you call an inversion? The small green candle is the 20-24 on GJ.
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  • #1,518
  • Aug 25, 2020 10:41am Aug 25, 2020 10:41am
Quoting flashpaul
Look at AUDJPY H4 inversions for whatever session. It is not so difficult to identify and confirm the pattern. Then everybody can manage the new trend as he prefers. {image}
Do you think AJ will reach the previous highs on H4? On the weekly it looks like an exhaustion pattern. I am waiting for it to go down big time,.
  • #1,519
  • Aug 25, 2020 11:09am Aug 25, 2020 11:09am
GU stopped out twice during US session
(first entry was a mistake (green candle))
Looks like the time of day is critical for momentum. London seems to work quite better.

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  • #1,520
  • Aug 25, 2020 11:10am Aug 25, 2020 11:10am
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[quote = sagi; 13130873] {quote} Hai un indicatore per avvisarti delle formazioni, o formi tu stesso le scatole?

Questa è una sintesi estrema di ciò che chiamo inversione. È ovvio che se ci sono picchi che rifiutano i livelli o l'inversione è dopo un lungo trend, l'inversione è più significativa.

Prova da solo a trovare l'inversione guardando centinaia di grafici e sviluppa il tuo occhio.
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