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Magic numbers question 12 replies

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Attachments: Magic 100
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Magic 100

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Quoting ingo3344
{image}
damn
it went take profit

you are good
i want you as a mentor
First try HH HL LH LL then I like to look at resistance and I stick to h1, that's all I do, everything else was written by minotawr
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Quoting ingo3344
First try HH HL LH LL then I like to look at resistance and I stick to h1, that's all I do, everything else was written by minotawr {image}
and what about candles?
do you look at any specific candles or just enter like minotawr did?
Quoting ingo3344
First try HH HL LH LL then I like to look at resistance and I stick to h1, that's all I do, everything else was written by minotawr {image}
why stick to 1h timeframe only?
just read the entries of Minotawr
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Quoting jandelichte
{image}
early entry, not good.
Quoting dbsdsun
{quote} early entry, not good.
why early enter?

i followed minotawr and ingo instructions


explain to me why is a early enter
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Quoting ingo3344
{image}
i wasnt home when that happen

what about my second trade?
I would have gone in there, but then I would have run into the sl. After that, the candles only went up and down, because I would not have taken that because it was not visible where it could go
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There is also an inefficiency that is often refilled
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Quoting ingo3344
There is also an inefficiency that is often refilled {image}
what do you mean?

can you explain in more detail please?

i dont understand what are you tying to say
a break that is not normal, which is then often, not always, filled again. Here is an example and let's see if he does the same with your trade
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Quoting jandelichte
{quote} what do you mean? can you explain in more detail please? i dont understand what are you tying to say
I added white arrows to ingo's pic.

Notice that these "breaks" comprise 1 or 2 bars with obviously much longer bodies than the several bars that come before them. I think that you will find the ones that have the long bars within 1-2 bars of a swing high or swing low will see price return and move far enough to "fill in" the long bar before it reverses again.
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To free Gazans of Hamas, use whatever it takes.
Quoting DrDave
{quote} I added white arrows to ingo's pic. Notice that these "breaks" comprise 1 or 2 bars with obviously much longer bodies than the several bars that come before them. I think that you will find the ones that have the long bars within 1-2 bars of a swing high or swing low will see price return and move far enough to "fill in" the long bar before it reverses again. {image}
i see
thank you for explaining
this is such a simple method but i keep failling

i will try to do 5 trades in a correct way, take prints and share it here to see if i still make mistakes or if i am having bad luck ( or this system doesnt work...)
Quoting jandelichte
this is such a simple method but i keep failling i will try to do 5 trades in a correct way, take prints and share it here to see if i still make mistakes or if i am having bad luck ( or this system doesnt work...)
I will try to make it simpler for you since you are having problems

Add a another exponential moving average 20-25-34-50. The moving average that you add is up to you
Wait for the ma to cross up or down the 100 ema

After the croos wait for the price to pullback to the short term ema.
For long the price has to close below the short term ema for long it needs to close above (a Wick rejection is also valid). That is your reference candle for entry. The high of this candle for longs is your entry. The low of the candle for short is your entry.

Stop above the high/low of the pattern
1:1 breakeven
2:1 take profit
You are only allowed to enter on ther first 2 touches of the short term ema, basically only after the first 2 pullbacks
With this system you will make money you will have around 60-70% success rate but following a trend and entering on pullbacks you will make money.
Kind regards
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