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Magic 100

  • #2,121
  • Jul 27, 2021 9:50am Jul 27, 2021 9:50am
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  • #2,122
  • Jul 27, 2021 11:00am Jul 27, 2021 11:00am
Quoting ingo3344
{image}
damn
it went take profit

you are good
i want you as a mentor
  • #2,123
  • Jul 27, 2021 12:02pm Jul 27, 2021 12:02pm
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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  • #2,124
  • Jul 27, 2021 1:21pm Jul 27, 2021 1:21pm
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?
  • #2,125
  • Jul 27, 2021 4:38pm Jul 27, 2021 4:38pm
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?
  • #2,126
  • Jul 28, 2021 1:01am Jul 28, 2021 1:01am
just read the entries of Minotawr
  • #2,127
  • Jul 28, 2021 6:46am Jul 28, 2021 6:46am
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  • #2,128
  • Jul 28, 2021 7:50am Jul 28, 2021 7:50am
Quoting jandelichte
{image}
early entry, not good.
  • #2,129
  • Jul 28, 2021 8:05am Jul 28, 2021 8:05am
Quoting dbsdsun
{quote} early entry, not good.
why early enter?

i followed minotawr and ingo instructions


explain to me why is a early enter
  • #2,130
  • Jul 28, 2021 8:05am Jul 28, 2021 8:05am
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  • #2,131
  • Jul 28, 2021 8:24am Jul 28, 2021 8:24am
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  • #2,132
  • Jul 28, 2021 9:00am Jul 28, 2021 9:00am
Quoting ingo3344
{image}
i wasnt home when that happen

what about my second trade?
  • #2,133
  • Jul 28, 2021 9:18am Jul 28, 2021 9:18am
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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  • #2,134
  • Jul 28, 2021 9:22am Jul 28, 2021 9:22am
There is also an inefficiency that is often refilled
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  • #2,135
  • Jul 28, 2021 9:27am Jul 28, 2021 9:27am
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
  • #2,136
  • Jul 28, 2021 10:15am Jul 28, 2021 10:15am
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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  • #2,137
  • Jul 28, 2021 10:46am Jul 28, 2021 10:46am
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.
  • #2,138
  • Jul 28, 2021 11:16am Jul 28, 2021 11:16am
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
  • #2,139
  • Jul 28, 2021 11:17am Jul 28, 2021 11:17am
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...)
  • #2,140
  • Jul 28, 2021 12:01pm Jul 28, 2021 12:01pm
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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