Magic 100

why is it too early?

second red short, micro lower high

Short Nzdusd

Short nzdusd

a bit early, wait for consolidation then down candle.

yes, you re right, i entered early , but im still holding it till i get something out of it

After

Great strategy,
Just learning the price action movement since the "basic" signal may be often not enough. I have few questions:
1. Are you trading right after big candles which aren't related to news (I don't trade during any medium to big news).
2. When the day trend is opposite to our targeted transaction and let's say there is about 3-5 H1 candles in opposite direction are u placing sell stop here? I know it's very general question and depends on candle types, but lets assume those are the standard small-medium candles without wicks or with small ones.
3. I'm attaching screenshot of my 2 trades today. Made profit on EURGBP (+17 pips) and hit stop loss on AUDUSD (-10.4 pips). Could you please guys review and share your opinion about those 2 transactions please? The AUDUSD was under ema100 both d1 and h1 + entered on double top which often leads to trend reversal.



Excuse me my ignorance but since this strategy relies on using buy/sell stops when you see candle closed in opposite direction isn't it rare to see consolidation (or maybe I'm taking too many signals)? Also it may risk in breaking out the oposite way after consolidation? I'm pretty newbie so I don't want to sound sapient, just asking.

Short Nzdusd

FAIL

Thanks so much

improving the system
Long usdcad

How you improved the system, I still see 2 emas

Kind regards

1 more fast moving average, it makes the picture look clearer

I did not see the 3 one,

So what emas are you using ? 100 the 50 and the 9?

Kind Regards

ema 10 100 200

+44 pips so good so far
another Long usdcad

trade #1 +34 pips
trade #2 +30 pips
total 3 trades = 108 pips in a day wow

Gbpnzd, it is looking good for Long

trade #1,2 closed
+17 pips
+18 pips
not a good trade