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Magic 100

  • #2,101
  • Jul 21, 2021 6:50am Jul 21, 2021 6:50am
Magic100 is a good strategy but it cannot works for everyone. Blindly taken every signal is a guarantee for failure. I had give up on Magic a few weeks ago. I tried it on daily TF but it doesnt work out. I hoped to take every oportunity without using my brain, but it needs more than that.

I think Minotawr had the deep understanding of the markets. He had a clear vision of trends an retracements. I have studies his entrys and he took the trades only in strong trends and after a clear retracements.

So it`s important to study the markets first and understand the nature of markets moves before put anything on your chart.
Pressure shapes Legends
  • #2,102
  • Jul 21, 2021 6:51am Jul 21, 2021 6:51am
Quoting jandelichte
{image}
in my opinion this was a good one
Pressure shapes Legends
  • #2,103
  • Jul 21, 2021 7:38am Jul 21, 2021 7:38am
Quoting jandelichte
{image}
Dear Jandelichte,
did you tested on timeframe 15 minutes, do you think it is workable for scalping ????
  • #2,104
  • Jul 21, 2021 8:10am Jul 21, 2021 8:10am
Thank you Juri for your explanation. He made his trades almost all early in the morning and only in h1. The Ema should already show the trend quite well and not run sideways.
  • #2,105
  • Jul 23, 2021 4:23am Jul 23, 2021 4:23am
Quoting helal4all
{quote} Dear Jandelichte, did you tested on timeframe 15 minutes, do you think it is workable for scalping ????
i am still working on that
  • #2,106
  • Jul 23, 2021 5:43am Jul 23, 2021 5:43am
Quoting helal4all
{quote} Dear Jandelichte, did you tested on timeframe 15 minutes, do you think it is workable for scalping ????
i think the core and the principles are the same, so it will probably work but with more fake signals so more losses

but since its 15m you will have more signals so more entrys so more wins....

in the end it probably will be almost the same results as 1hour time ( with more losed trades obviously)
  • #2,107
  • Jul 26, 2021 4:06am Jul 26, 2021 4:06am
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  • #2,108
  • Jul 26, 2021 10:15am Jul 26, 2021 10:15am
the first was a lower low and the 2 a higher high
  • #2,109
  • Jul 26, 2021 2:30pm Jul 26, 2021 2:30pm
Quoting ingo3344
the first was a lower low and the 2 a higher high
How?
I dont agree
Can you show it on the chart?
  • #2,110
  • Jul 26, 2021 8:08pm Jul 26, 2021 8:08pm
Quoting jandelichte
{image}{image}
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May I ask you a question? why didn't you entry at A, B or C?

From this chart, I found don't enter after first red bar (up trend)
enter after second would be safe.
  • #2,111
  • Jul 27, 2021 12:05am Jul 27, 2021 12:05am
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  • #2,112
  • Jul 27, 2021 12:10am Jul 27, 2021 12:10am
Quoting ingo3344
{image}{image}
What's your indicator and its settings?
  • #2,113
  • Jul 27, 2021 12:13am Jul 27, 2021 12:13am
Zig Zag indi
  • #2,114
  • Jul 27, 2021 1:30am Jul 27, 2021 1:30am
Quoting ingo3344
Zig Zag indi
Which settings you use I also use the zig zag to find structure, I use the standard settings 12

Kind regards
  • #2,115
  • Jul 27, 2021 1:32am Jul 27, 2021 1:32am
Quoting jandelichte
{image}{image}
The entries on the long and the short are late, that is just my personal opinion

Kind regards
  • #2,116
  • Jul 27, 2021 4:00am Jul 27, 2021 4:00am
Quoting ingo3344
{image}{image}
Jesus
Why do i always enter wrong?
  • #2,117
  • Jul 27, 2021 4:06am Jul 27, 2021 4:06am
Quoting dbsdsun
{quote} {image} May I ask you a question? why didn't you entry at A, B or C? From this chart, I found don't enter after first red bar (up trend) enter after second would be safe.
i didnt enter because i dont think those retracements are not deep enough

so i like to wait to a more deeper retracement so i can buy low and sell high
  • #2,118
  • Jul 27, 2021 4:30am Jul 27, 2021 4:30am
good oportunity?
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  • #2,119
  • Jul 27, 2021 4:39am Jul 27, 2021 4:39am
Quoting jandelichte
good oportunity? {image}
good opportunity for what?

If you want to short, enter after second red bar,
1st green, 1 st Red, 2nd green then 2nd red and enter.
or a micro lower high.
  • #2,120
  • Jul 27, 2021 6:33am Jul 27, 2021 6:33am
EURJPY M 15, prepare to short
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