thats luring I know. but keep yourself from it unless you have goo balance. if you look at m15 HA. it dropped below ema200..those long setups are only pullbacks of the downtrend. if you are brave trade but from from start. its going to down WAVING ...

Magic 5 - five pips only

whats up guys I have been busy these days. I thought this: you can upload your bad trades here...I will comment on each particular case as can. this way I believe would help to cement traders discipline.

Magic 5 - five pips only

Attention Attention! in December (holiday month) USD is strong and expensive.

Magic 5 - five pips only

Close, of course. guys dont trade until NFP news today.

Magic 5 - five pips only

you could see clearly it's a narrow market. hangover from yesterday's movements. hence, humankind awaits NFP news today, thus, wont move much.

Magic 5 - five pips only

no..just to show sth else. but it's tradable if you are attentive since it's trend exhaustion point. its down 10 pips already.

Magic 5 - five pips only

Perfect example of importance of Pivot Points! Today in such emotional rally..price stopped and reversed exactly on daily R3 level. Use Pivot Points to monitor critical spots of closing/opening. image

Magic 5 - five pips only

good point You did everything right (seems from entries) EXCEPT one single ONE: you took too many trades (within a day). the thing is me as original developer and longterm user of this method wrote down the RULES after testing them, fine-tuning ...

Magic 5 - five pips only

Dave, what parameters must be modified to ensure what I said in previous post? if available parameters allow of course.

Magic 5 - five pips only

Regarding EA I also back-tested. The updated version brought less loss though. ok. I decided that only way EA may be working is that it should not take all ema5 crosses (SL wastes trades alot) and take only setups emerged following test of RSI 70-30 ...

Magic 5 - five pips only

in such cases, dont wait ages sth to happen. just close it on breakeven or with 1 pip gain. No need to risk the 'silence'

Magic 5 - five pips only

where is that i was unkind))) mate I correct common problems. read carefully.

Magic 5 - five pips only

Throughout application of this method traders encounter(ed) certain irregularities which I every-time analyzed to myself and came to conclusions for corrections. They are in form of mistakes or wrong analysis. I will visually describe them upon ...

Magic 5 - five pips only

dont panic it moved down enough for 5 pips..still going down One important factor is forgotten on avoiding this trade: its a pullback of new possible uptrend which started from recent bottoming. one should always check market environment.

Magic 5 - five pips only

doesnt matter here, its on downwards direction & under 200.

Magic 5 - five pips only

you should have entered from second red candle though.

Magic 5 - five pips only

hey mate. if it works open a new thread for you.

Magic 5 - five pips only

appreciate efforts..however, EA thing is tricky since this method likes hand-picking. did some backtesting, it cried. it should rely on rsi-based signals maybe then it will enter better trades.

Magic 5 - five pips only

yes pm-ed you.

Magic 5 - five pips only

Ok coffee break. url

Magic 5 - five pips only