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Magic 100

  • #2,341
  • Edited Feb 6, 2023 5:00pm Feb 5, 2023 7:00pm | Edited Feb 6, 2023 5:00pm
Quoting havenoidea
short gbpcad , good luck all {image}
entry @ wrong moment, but if you know you are on the right track, you still ok
another signal @h2
+140 pips for trade 1
+120 pips for trade 2

magic100 is wasted time
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  • #2,342
  • Feb 6, 2023 3:24pm Feb 6, 2023 3:24pm
Magie
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  • #2,343
  • Feb 7, 2023 12:29am Feb 7, 2023 12:29am
EURGBP H4

IMHO:
Possible Buy

s. Chart

atb
vvm
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PA Trading with EMAs & common Sense
  • #2,344
  • Feb 7, 2023 4:52pm Feb 7, 2023 4:52pm
Hi good day everyone, is anyone still using this Magic 100 strategy, is the strategy profitable . I’m a new baby. Pls i need help . Anyone who can explain to me better . I’ve read all the thread
  • #2,345
  • Feb 13, 2023 2:16am Feb 13, 2023 2:16am
Good morning and happy new week
  • #2,346
  • Feb 14, 2023 11:45am Feb 14, 2023 11:45am
CADJOY H1
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  • #2,347
  • Feb 14, 2023 3:42pm Feb 14, 2023 3:42pm
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  • #2,348
  • Feb 23, 2023 12:36pm Feb 23, 2023 12:36pm
AUDJPY H1, i closed it manually near TP1.
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  • #2,349
  • Feb 24, 2023 7:50am Feb 24, 2023 7:50am
USDCAD H1
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  • #2,350
  • Feb 24, 2023 12:14pm Feb 24, 2023 12:14pm
CADJPY H4 , manual closed
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  • #2,351
  • Mar 3, 2023 4:40am Mar 3, 2023 4:40am
This is a losing trade. The error is also obvious to me. How do you see it?
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  • #2,352
  • Mar 6, 2023 11:11am Mar 6, 2023 11:11am
I have not read the whole thread yet - will do. However this strategy is so simple and reading post #1 is enough. I start trading it now.

I think the hard thing is to know when a pair will start being profittable. My take will be to find the exact point where it bounce from the H4 and then start trading at H1. I will take many trades at the same pair and hopefully several of them at the same day.

I allways use EMA50 whenever other people use EMA100 or EMA200.

It seems that OP died of the Corona. Last time he was active he catched the Corona and were never heard from again. We sadly lost many members to that illness. What a waste.
MetaTrader 4 - so many advantages.
  • #2,353
  • Mar 6, 2023 11:14am Mar 6, 2023 11:14am
Quoting pusztafie
This is a losing trade. The error is also obvious to me. How do you see it? {image}
2 things.
1) You shouls allways place your order some pips above the last high.
2) You traded an instrument that were ranging. The graph need to show a lot of activity.
MetaTrader 4 - so many advantages.
  • #2,354
  • Mar 6, 2023 11:31am Mar 6, 2023 11:31am
Quoting RiskFighter
{quote} 2 dolog. 1) Mindig néhány pippel az utolsó csúcs felett kell leadnia a rendelést. 2) Olyan eszközzel kereskedtél, amely tartományban volt. A grafikonnak sok tevékenységet kell mutatnia.
You're absolutely right. I hope I don't make such a deer mistake again.
  • #2,355
  • Mar 7, 2023 8:11am Mar 7, 2023 8:11am
Another losing trade on CHFJPY. Maybe I should have used a bigger stop
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  • #2,356
  • Mar 7, 2023 10:17am Mar 7, 2023 10:17am
Thanks for the USD news!
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  • #2,357
  • Mar 7, 2023 10:17am Mar 7, 2023 10:17am
Quoting pusztafie
Another losing trade on CHFJPY. Maybe I should have used a bigger stop {image}
Yes a bigger stop.

I made 3 setups today, none of them did trade.
MetaTrader 4 - so many advantages.
  • #2,358
  • Mar 7, 2023 11:46am Mar 7, 2023 11:46am
To make it easier, use the Zig Zag tool.

BUY: look for magic 100 entries when a leg down zig zag appears whilst price is above the 100EMA. H1 or higher.

SELL: look for magic 100 entries when a leg up zig zag appears whilst price is below the 100EMA. H1 or higher.

Usually works best during the first pullback above or below 100EMA

Simple and EASY!
You can lead a horse to water, but you can't make it drink
  • #2,359
  • Edited 6:01pm Mar 7, 2023 1:13pm | Edited 6:01pm
Attached File(s)
File Type: ex4 Clive's Histogram CCI.ex4   16 KB | 445 downloads

Even easier, use this indicator from Clive Packham.

SELL: When you see green lines on Histogram CCI go past 100, it means it is a good pullback in a downtrend so you can look for Magic 100 entries.

BUY: When you see the red lines on Histogram CCI go past -100, it means it is a good pullback in an uptrend so you can look for Magic 100 entries.

See below the SELL examples.

I don't trade small magic 100 candles so this is just an example. My template that I use is also different to this, this is just to stay how Magic 100 should be.

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You can lead a horse to water, but you can't make it drink
  • #2,360
  • Mar 7, 2023 3:50pm Mar 7, 2023 3:50pm
Quoting xkwisit2001
{file} Even easier, use this indicator from Clive Packham. SELL: When you see green lines on Histogram CCI go past 100, it means it is a good pullback in a downtrend so you can look for Magic 100 entries. BUY: When you see the red lines on Histogram CCI go past 100, it means it is a good pullback in an uptrend so you can look for Magic 100 entries. See below the SELL examples. I don't trade small magic 100 candles so this is just an example. My template that I use is also different to this, this is just to stay how Magic 100 should be. {image}
Thank you for those fine ideas. I am a lousy manual trader. I must have signals that tells me when to trade.

So I will try this tomorrow. Unfortunately I have some business to do during the day, so it is a bit uncertain if I get any trading done.
MetaTrader 4 - so many advantages.
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