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Magic 100

  • #2,061
  • Jul 1, 2021 8:30am Jul 1, 2021 8:30am
Quoting Wyrebill
{quote} Here is another 1 Hour Chart. For me I prefer 15 minute chart. {image}
can you share the support and resistance indicator on your chart?
  • #2,062
  • Jul 1, 2021 2:51pm Jul 1, 2021 2:51pm
Quoting Wyrebill
Hi Guys I use support & resistance with this strategy. To enter trade. {image}
Hello!
Do you use pending orders or wait for the bars to close above|below SR?
Just an opinion. Based on research
  • #2,063
  • Jul 1, 2021 5:19pm Jul 1, 2021 5:19pm
Quoting since80808
{quote} Hello! Do you use pending orders or wait for the bars to close above|below SR?
The chart below explains what I do.
Attached Image (click to enlarge)
Click to Enlarge Name: 6e905142b61546020a1fa11e36e510c6.png Size: 100 KB
  • #2,064
  • Jul 1, 2021 5:29pm Jul 1, 2021 5:29pm
Quoting bert00
{quote} can you share the support and resistance indicator on your chart?

Here it is.
Attached File(s)
File Type: ex4 Support and Resistance (Barry).ex4   9 KB | 395 downloads
  • #2,065
  • Jul 2, 2021 1:12am Jul 2, 2021 1:12am
Quoting Wyrebill
{quote} The chart below explains what I do. {image}
Thanks!
How do you close? What's your TP?
Just an opinion. Based on research
  • #2,066
  • Jul 16, 2021 4:37am Jul 16, 2021 4:37am
what was wrong with this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de Ecrã (14).png Size: 18 KB
  • #2,067
  • Jul 16, 2021 4:42am Jul 16, 2021 4:42am
Quoting jandelichte
what was wrong with this trade? {image}
.......They Knew it will hit SL so they help you close it before it hit........This is strange
  • #2,068
  • Jul 16, 2021 5:25am Jul 16, 2021 5:25am
^????????????? bro its was me who closed it manually


my question was regarding about the decision i made about selling in there
  • #2,069
  • Jul 16, 2021 5:59am Jul 16, 2021 5:59am
Hello, until then it was a correction
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 21 KB
  • #2,070
  • Jul 16, 2021 6:06am Jul 16, 2021 6:06am
Quoting jandelichte
what was wrong with this trade? {image}
you didn't enter after a green bar. there is a higher low a few bars before.
  • #2,071
  • Jul 16, 2021 6:13am Jul 16, 2021 6:13am
Quoting ingo3344
Hello, until then it was a correction {image}
what do you mean it was a correction?
  • #2,072
  • Jul 16, 2021 6:56am Jul 16, 2021 6:56am
Correction is then dangerousIer to trade, maybe not impossible if you still go to the Magic regulate
Attached Image
  • #2,073
  • Jul 16, 2021 7:30am Jul 16, 2021 7:30am
Quoting ingo3344
Correction is then dangerousIer to trade, maybe not impossible if you still go to the Magic regulate {image}
how do i know its a correction or not?
  • #2,074
  • Jul 16, 2021 9:24am Jul 16, 2021 9:24am
Higher high- higher low or
lower low -lower high
  • #2,075
  • Jul 16, 2021 9:42am Jul 16, 2021 9:42am
Quoting ingo3344
Higher high- higher low or lower low -lower high
if it makes a higher high in a downtrend it means its a correction?
  • #2,076
  • Jul 16, 2021 10:08am Jul 16, 2021 10:08am
what about this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de Ecrã (15).png Size: 24 KB
  • #2,077
  • Jul 16, 2021 10:45am Jul 16, 2021 10:45am
Try only an Indi, EMA 100 or none at all
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 23 KB
  • #2,078
  • Jul 16, 2021 10:49am Jul 16, 2021 10:49am
Quoting ingo3344
Try only an Indi, EMA 100 or none at all {image}
i have made so many bad trades...
i was almost break even on my account...
i realize i have done many mistakes


(i will only use ema100)
  • #2,079
  • Jul 16, 2021 10:05pm Jul 16, 2021 10:05pm
Quoting jandelichte
what about this trade? {image}
why are you always picking the ending trend
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de Ecrã (15).png Size: 26 KB
  • #2,080
  • Jul 17, 2021 6:44am Jul 17, 2021 6:44am
Quoting havenoidea
{quote} why are you always picking the ending trend {image}
good point, people are scared at the beginning.
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