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Magic 100

  • #2,301
  • Jan 26, 2023 4:55pm Jan 26, 2023 4:55pm
my scan catch Gbpusd for long today
  • #2,302
  • Edited 9:36pm Jan 26, 2023 9:10pm | Edited 9:36pm
Quoting havenoidea
my scan catch Gbpusd for long today
fail
h1 trade fail, h8 trade not fail yet
  • #2,303
  • Jan 26, 2023 9:47pm Jan 26, 2023 9:47pm
Gold cross on AUDUSD!
  • #2,304
  • Jan 26, 2023 10:49pm Jan 26, 2023 10:49pm
Quoting pusztafie
Gold cross on AUDUSD!
Only concern I have is that it's hitting a strong level of resistance. Personally I'll monitor it to see if it can get through that traffic (with possibility of retrace) and possibly resuming bullish trend
  • #2,305
  • Jan 26, 2023 10:55pm Jan 26, 2023 10:55pm
Quoting AnthonyT
{quote} Only concern I have is that it's hitting a strong level of resistance. Personally I'll monitor it to see if it can get through that traffic (with possibility of retrace) and possibly resuming bullish trend
You are perfectly right!
  • #2,306
  • Jan 27, 2023 1:44am Jan 27, 2023 1:44am
GBPUSD H1

Bought
IMHO:
1. it is third HL, the Trend is up
2. it is a bounce from MA100
2.1 the first bear Bar is a propper BuySignal after MAgic100
2.2 the second Bar is a Bull bar, it is a BuySignal Bullish 2 BarReversal
the next bull Bar is a Bullish OB

s. Chart
atb
vvm
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PA Trading with EMAs & common Sense
  • #2,307
  • Jan 27, 2023 1:56am Jan 27, 2023 1:56am
USDJPJ H1

IMHO a Buy Signal

atb
vvm
PA Trading with EMAs & common Sense
  • #2,308
  • Jan 27, 2023 2:03am Jan 27, 2023 2:03am
Hope it goes well with GBPUSD and as a beginner how I see it is its been trading in a range since 18th January between 12300 and 12420. As you say it is sitting around the 100 EMA which is approximately mid range but if you apply a 20 EMA it is trading below this but I have only used this to try and give some direction about its next move. If you go out to a daily you will see its in an uptrend but has stalled around 12430 which it has not gone above since June 2022.

Still trying to learn how to analyise charts but hopefully someone else can make sense of what I am saying!!!
  • #2,309
  • Jan 27, 2023 2:06am Jan 27, 2023 2:06am
Quoting vvm
USDJPJ H1 IMHO a Buy Signal atb vvm
Seems you are right, lets see how it will end..
Trade what you see not what you think!
  • #2,310
  • Jan 27, 2023 2:29am Jan 27, 2023 2:29am
He alanh,

I simple try to catch 30p here in this Range
RR is 1:1
I don't make a large Analysie
I see the last Bar is bearish, did't make a new DailyLow
and closed above MA100

IMHO
in this Range (this H1 Chart) MA20 does't have a big meaning

atb
vvm
PA Trading with EMAs & common Sense
  • #2,311
  • Edited 2:56am Jan 27, 2023 2:44am | Edited 2:56am
Hi vvm,

Thought you were in for a longer trade than 30p and hope it goes well for you as it has been bouncing off the 100EMA for four or five hours. I'm still learning all the time and just wondered what the red and dotted lines above the 100EMA are for?
  • #2,312
  • Jan 27, 2023 2:54am Jan 27, 2023 2:54am
alan
Quote
what the red and dotted lines above the 100EMA are for?

the white Line is a BuyLine
UpperRedLine is my TPLine
LowerRedLine is my SL

atb

vvm
PA Trading with EMAs & common Sense
  • #2,313
  • Jan 27, 2023 2:55am Jan 27, 2023 2:55am
Alan,
I trade the FloorTradingSystem with 8,20EMAs

atb

vvm
PA Trading with EMAs & common Sense
  • #2,314
  • Jan 27, 2023 3:00am Jan 27, 2023 3:00am
Thanks for replies and I have also been using 8 and 21EMA's to show direction quicker than the 100EMA although I know this topic is only about 100EMA.
  • #2,315
  • Jan 27, 2023 3:10am Jan 27, 2023 3:10am
alan
Quote
I have also been using 8 and 21EMA's to show direction quicker than the 100EMA

Yes U are right,
but for MAgic100 they are not important
forget them
remove them from your Chart
if U want to trade this simple System

atb

vvm
PA Trading with EMAs & common Sense
  • #2,316
  • Jan 29, 2023 8:09pm Jan 29, 2023 8:09pm
Quoting havenoidea
{quote} fail h1 trade fail, h8 trade not fail yet
trade close for small lose
  • #2,317
  • Jan 29, 2023 8:10pm Jan 29, 2023 8:10pm
eurcad is ready for a longing
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  • #2,318
  • Jan 30, 2023 2:12am Jan 30, 2023 2:12am
Hi to everybody,
in 3 days I have read all the pages and, for me, is forming a signal on usdcad h1. If forms a green candle, we can go on sell.What do you think?
Thank you.
Leonardo
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  • #2,319
  • Jan 30, 2023 5:45am Jan 30, 2023 5:45am
Quoting toscano
Hi to everybody, in 3 days I have read all the pages and, for me, is forming a signal on usdcad h1. If forms a green candle, we can go on sell.What do you think? Thank you. Leonardo {image}
entry is corrected, but magic100 is just a signal, nothing else, &....
  • #2,320
  • Jan 30, 2023 5:47am Jan 30, 2023 5:47am
Quoting havenoidea
eurcad is ready for a longing {image}
another signal of eurcad for longing
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