Magic 100

Thanks for the advice i will be closing it since am not seeing any movement

CADJPY H1, 1:3

Going for AUDNZD

TP 1 1.07315 in

Update target hit AUDNZD 1.07145

EURCAD, EURJPY,GBPJPY,CADCHF,EURAUD,EURUSD are on the list waiting for Ff and London

Hi Pusztafie, Can you please upload the indicators and temples. Sarju

Thank you pusztafie

Willingly! Get a lot of green pips with it!

My version is on D charts. I sell the green in down trend buy the red in up till it ends.

I have 2 ways to trade. One way: I risk 50SL TP 100 but as I said I use a gamblers lot size approach. I will double 50 bucks 10 bucks 1k bucks just depends on where I am in my wash rinse repeat. After 50% move my EA moves SL to BE +2 pips. (that does not always cover swap)

my second way is every 20 pips I place a sell in down trend which is determined by 5ma smoothed and 13ma smoothed.
SL depends on the pair ex gold is 200 SL 300Tp on each order.
.
On EU it would be 50SL 100TP for every order. Crazy money management which I'll not explain (Gamblers mess) I'll keep stacking up orders cashing in as the trend goes my way.
I've done this long enough to know 5 stacks is safe after that it's probably going to retrace consolidated then move a new direction.

Here is a screen shot of 1st method this month.

Anybody trading this for longer than a year? How it's going?

Very well, thanks.

There have been people trading this and almost identical and very similar methods for well over 100 years (maybe not the same people!!) since it was first described.

It’s just very simple, very basic price action: long entry a tick above a retracement bar in an uptrend, and vice-versa.

Nothing difficult. Almost no indicators. No EA’s. No frills. No gimmicks. No complications. No tricks. No automation. Just simplicity, reliability and a basic understanding of price action.

Not what most people here want, at all, but one of probably only about 3 "systems" here that are genuine, robust and successful.

Thanks.
My main issue is on which retrace candle enter the trade. Because several retracement get more red/green candle that break the high but then it keep retracing.
This leads to several back to back losers often.

any thoughts? or do we just try when the retrace is deep, or at every red/green retrace candle? How that is being handle.

I use daily or H4 due to my time zone. You can buy/sell retracement candle on H1 i guess. The system is not new for sure.

Long gold

The key to this strategy must be to find the instruments that will trend by using Price Action on higher timeframes. Because if it is not trending then wicks will activate the pendig ordes and the risk of further retracement will then hit the SL.

So at the close of the day you should find the instruments that will fire on D or H4 and then trade those on H1 and M30 during the next day.

Robots could be activated on the instrument - then you can relax in stead of eating your nails.

+100 pips already

+148 so far
add more long again

Long Audjpy
this is long term long position. i dont reallie like this much. waiting time is too long