DislikedNo Problem! I have given this thread 10 times the exposure it deserves by commenting in the first place.
Anyone who wishes to trade Magic Numbers I wish you well.
My whole point in the first place was to get people to learn the basics to be successful. Price Action, Fibonacci, Trend Lines, Support and Resistance, and Money Management. But then why would you want to spend all that time learning these things when you have Magic Numbers?
Your are 110% right >>PowerTrader, never doubt any of it
well, the truth is trading forex is not easy as it looks, the magic number is no more than support and resistant. thats it only being simplified
the aim of this strategy is to get people knew that there are simple way to trade forex and make money
dont give me wrong, i do use indicator, i do learn fx trading the hard way.
i have learnt a lot and it doesnt came cheap, couple of time losing and winning............even near bankrupt......
even the best indicator gives you wrong prediction and result....admit it
look at the chart...cable has it's own road and it happens everyday
those level are magic.....
well, i couldnt trade yesterday, but i am very sure those level are crossed many many times....
try the strategy on demo acc, place pending order just 10 pips profit and place sl as you like it, close your platform, learn which one hit which one doesnt, do statistics count.....learn your mistake....
Well, nice to have you guys around
try to make a living here....