{quote} this system is bad,I dont know what is motivation to post such systems
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You couldn't be more mistaken.
You might like to read Quickly's post above (post 1799 on page 90) and ask yourself why people who have been involved in the trading industry (successfully) for many decades recognize this as being one of the few methods here that are actually based on something real, that have such great potential.
Or, of course, you might just carry on moaning and not understanding what you're talking about. Actually that's probably more likely, isn't it? If either of you had ever read a decent price action book in your lives, you might react very differently, but I suppose that's asking too much. The method outlined here is actually a great, albeit simplified, convenient version of the basic teachings of some of the world's most successful traders and educators.
It's getting to be a bit of a waste of time, posting anything sensible and practical here. I'm not surprised the thread's original poster doesn't bother any more.
{quote}{quote} You couldn't be more mistaken. You might like to read Quickly's post above (post 1799 on page 90) and ask yourself why people who have been involved in the trading industry (successfully) for many decades recognize this as being one of the few methods here that are actually based on something real, that have such great potential. Or, of course, you might just carry on moaning and not understanding what you're talking about. Actually that's probably more likely, isn't it? If either of you had ever read a decent price action book in...
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So you are a successful trader of this method?Making a fortune?Living the dream of a successful forex trader? I doubt it.
EUR/GBP i am in this one. A small variation on setting the SL: if the initial bar is too small, i take a reasonable distance for the pair. Here is my SL about 20 pips {image}
{quote} I know the market is not good at all these days and it is moving in any direction and trading has become difficult. I have participated in a competition and I have to increase my account 20 times in the next two months and the market conditions have made me nervous, so I have completely changed my strategy.
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Hello my friend. I read all the ff posts one by one. I could not understand that you changed such a good strategy. I think he used magic 100 very well. I wish we could benefit more from their knowledge and experience. I studied the system a lot, it gave me a lot. I'm tired of losing.
{quote} Hello my friend. I read all the ff posts one by one. I could not understand that you changed such a good strategy. I think he used magic 100 very well. I wish we could benefit more from their knowledge and experience. I studied the system a lot, it gave me a lot. I'm tired of losing.
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Hi dear friend
Every system and strategy has flaws that we need to fix.
I spent many years reading the basics of the market, including Elliott and Price Action. I talked a lot with the market elders and the big boys and used their experiences. After reviewing their methods and strategies, I came to the conclusion that they used that method in their trades and were always successful. They used Moving averages to detect and confirm trends in the market, and I always saw them on their charts, but I never realized them until I realized the power of Moving average because, like other tools, they do not lie to us.
If you want my opinion, do not look for market analysis because the market is full of tricks and tricks and just look for a great strategy because it leads you to the market leaders and 90% of the time you are successful and then you get tired of high profits.
Money goes to the one who understands, not the one who rushes
{quote} Hi dear friend Every system and strategy has flaws that we need to fix. I spent many years reading the basics of the market, including Elliott and Price Action. I talked a lot with the market elders and the big boys and used their experiences. After reviewing their methods and strategies, I came to the conclusion that they used that method in their trades and were always successful. They used Moving averages to detect and confirm trends in the market, and I always saw them on their charts, but I never realized them until I realized the power...
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Just out of curiosity you use exponential or simple moving average or other type of moving average?
{quote} Just out of curiosity you use exponential or simple moving average or other type of moving average? Kind regards
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Hi Frag. I'm glad to see you here after a long time.
I only use EMA because they are more reliable and sensitive.
I use EMA200 and EMA100 for long term and trend detection and use EMA50 and EMA20 for midterms trading and scalping.
Money goes to the one who understands, not the one who rushes
{quote} Hi Frag. I'm glad to see you here after a long time. I only use EMA because they are more reliable and sensitive. I use EMA200 and EMA100 for long term and trend detection and use EMA50 and EMA20 for midterms trading and scalping.
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Nice to see you gain too, I hope you are enjoying the holidays.
Being away of trading the last couple of months, but everything looking good now and waiting to start trading again at the start of next year
{quote} Hi Frag. I'm glad to see you here after a long time. I only use EMA because they are more reliable and sensitive. I use EMA200 and EMA100 for long term and trend detection and use EMA50 and EMA20 for midterms trading and scalping.
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Did I understand magic 100 strategy correctly when using m5 and m15 ema 20 and ema 50?
{quote} Nice to see you gain too, I hope you are enjoying the holidays. Being away of trading the last couple of months, but everything looking good now and waiting to start trading again at the start of next year
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thank you. I hope you are successful in trading next year and if there is a problem in trading, raise it here so that we can all solve it together.
Money goes to the one who understands, not the one who rushes
