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Magic 100

  • #2,701
  • Sep 1, 2024 5:10pm Sep 1, 2024 5:10pm
Long Usdjpy @146.19
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  • #2,702
  • Sep 1, 2024 9:25pm Sep 1, 2024 9:25pm
Quoting pusztafie
{quote} I am happy to take the test.
I have not forgotten. Am busy. Will take another week before I get some time.
MetaTrader 4 - so many advantages.
  • #2,703
  • Sep 2, 2024 5:08am Sep 2, 2024 5:08am
Quoting havenoidea
Long Usdjpy @146.19 {image}
47+ pips so far
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  • #2,704
  • Sep 2, 2024 8:00am Sep 2, 2024 8:00am
Quoting havenoidea
{quote} 47+ pips so far {image}
78+ pips
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  • #2,705
  • Sep 2, 2024 9:51am Sep 2, 2024 9:51am
I've found better success holding the trade, sometimes for days. I've found a nice deep pullback is best for entries, if you enter simply on a green candle as price rapidly moves down, I find you can get triggered into the trade for then price to reverse.

So, deep pull back, even if it's about to cross the 100MA, they seem to be working better for me
  • #2,706
  • Sep 2, 2024 8:23pm Sep 2, 2024 8:23pm
Long Chfjpy, late entry @ 172.50
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  • #2,707
  • Sep 4, 2024 1:15pm Sep 4, 2024 1:15pm
NZD/JPY Long
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  • #2,708
  • Sep 4, 2024 1:18pm Sep 4, 2024 1:18pm
Pending order for tomorrow
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  • #2,709
  • Sep 6, 2024 11:14am Sep 6, 2024 11:14am
Quoting xronald96
NZD/JPY Long {image}
RR 1:3 Hit
  • #2,710
  • Sep 6, 2024 11:15am Sep 6, 2024 11:15am
Quoting xronald96
Pending order for tomorrow {image}
SL hit
  • #2,711
  • Sep 10, 2024 1:27pm Sep 10, 2024 1:27pm
CADCHF sell, spread 18ps. R - 1.7
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  • #2,712
  • Sep 10, 2024 11:53pm Sep 10, 2024 11:53pm
USDCHF sell. R - 4.0
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  • #2,713
  • Sep 17, 2024 9:31am Sep 17, 2024 9:31am
AUDNZD H1
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  • #2,714
  • Oct 12, 2024 12:49pm Oct 12, 2024 12:49pm
Been forward testing and back testing this strategy for about 6 months now.

Market structure - if price is making LL's and LH's or vice versa, anywhere above or below a 50% retracement you can start setting your buy/sell stops.

Usually find 1 A+ set up per day.

Been taking about 4-5 trades a week.

1:0.5 RR - 85% win rate - set and forget. Absolutely laughing
  • #2,715
  • Oct 12, 2024 12:56pm Oct 12, 2024 12:56pm
Quoting James154
1:0.5 RR - 85% win rate
What are the numbers with 1:1?
  • #2,716
  • Oct 15, 2024 4:57pm Oct 15, 2024 4:57pm
Quoting James154
Been forward testing and back testing this strategy for about 6 months now. Market structure - if price is making LL's and LH's or vice versa, anywhere above or below a 50% retracement you can start setting your buy/sell stops. Usually find 1 A+ set up per day. Been taking about 4-5 trades a week. 1:0.5 RR - 85% win rate - set and forget. Absolutely laughing
hello brother! post graphic examples to help fix your idea in your mind.
My battle is with myself; every day, I aim to be better. Did you win today?
  • #2,717
  • Oct 16, 2024 6:20am Oct 16, 2024 6:20am
Here's a quick example of a trade I took today, it struggled but eventually hit target
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  • #2,718
  • Oct 16, 2024 9:37am Oct 16, 2024 9:37am
Also took out the low, sometimes it is worth taking partials, but the WR is just so high at 0.5R
  • #2,719
  • Oct 16, 2024 10:59am Oct 16, 2024 10:59am
Quoting James154
Also took out the low, sometimes it is worth taking partials, but the WR is just so high at 0.5R
From our last message it's nice to see that you've actually made it work for you in your own way! that's fundamentally the best way to trade for yourself.

Might have a little look at the 0.5R although it doesn't fit my own risk strategy.

Congrats to you!!

---

On the trade you posted, I wouldn't have liked that candle for an entry because of the inverted hammer candle 2 candles before as the stop would have been too big for me but it's great that it worked out.
You can lead a horse to water, but you can't make it drink
  • #2,720
  • Oct 16, 2024 11:20am Oct 16, 2024 11:20am
Quoting xkwisit2001
{quote} From our last message it's nice to see that you've actually made it work for you in your own way! that's fundamentally the best way to trade for yourself. Might have a little look at the 0.5R although it doesn't fit my own risk strategy. Congrats to you!! --- On the trade you posted, I wouldn't have liked that candle for an entry because of the inverted hammer candle 2 candles before as the stop would have been too big for me but it's great that it worked out.
Hi mate, yes alot of messing around with it. I just found following structure, waiting for a pullback to minimum 50%, but the further the better, and simply placing my order.

I tried all kinds of different R:Rs.

Sometimes I would simply target the low, or the high. But I just found that having a negative R:R and a really high win rate so good for my psychology. Trading less set ups but over the course of the month, being up around 5-7% is the way forward for me.
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