TK5, A small suggestion from my side. As I've been a FF member for a few years now and seen how decent threads like yours could degenerate over time I'd suggest the following 2 ideas to solve the above issues: - post a template with all the indies ...

Magic 5 - five pips only

Took 2 trades until now one on GU which filled my profit target in a matter of seconds and the second one in EU were mk went against me for few pips and stall for a few minutes. Seeing this behavior i decided to close around BE, moreover LO failed ...

Magic 5 - five pips only

Thank you tk5 for your time and analysis. Much appreciated as usual @Haircut, yes i took that short, got a tp on that one

Magic 5 - five pips only

TK, I've got the below BAD trade which I'm sharing here to be analyzed. My reasoning behind the trade: I considered the previous move down(those 6 red HA left side of my entry) a pullback of the bullish trend installed on Monday and continued on the ...

Magic 5 - five pips only

Luring indeed. Thank you for your input, much appreciated

Magic 5 - five pips only

Looking on the AU setup as well. All seems to be arranged into a perfect short. Waiting for the 1st red but the most important is how this HA will look like and how much volume will have behind it.

Magic 5 - five pips only

Hi TK5, Quick question. If current candle closes green, could I consider going long at the beginning of next candle? The only thing that keeps me not entering the trade is bearish momentum. The positive points are, PA stopped on the 200EMA(H1 chart) ...

Magic 5 - five pips only

Haircut, I was looking at that EU trade as well but didn't take it as the RSI was still up in the overbought territory. Congrats for your trades

Magic 5 - five pips only

Took 2 trades till now, thanks to TK's advice I'm more disciplined and selective on taking trades. AUDUSD Some would say that I sold a retrace-ment as today's momentum is bullish but H1 is clearly bearish. With bearish bias in my mind I've waited ...

Magic 5 - five pips only

You said you traded AUDUSD today, could you share a screen with your trade? Would you mind explaining how you identified the momentum change? In my opinion would have been difficult to guess the change of momentum before the red arrow on my chart ...

Magic 5 - five pips only

By following TK's rules there haven't been any GU AU trade opportunity today since Frankfurth open. There hasn't been any short as I've been watching these pairs closely and if you took the buy when price broke the 5EMA to the upside then you broke ...

Magic 5 - five pips only

I'd say that any future(today) buy on GU and EU are not trade-able as we'd be against the 200MA rule. Am i right?

Magic 5 - five pips only

First trade on today a long UC. Price broke the consolidation area marked by the grey rectangle with the set-up candle. I entered on the 2nd green HA candle, which had all body above 5MA. Not happy with the RSI, but noticing the temp bullish ...

Magic 5 - five pips only

Preparing for the 1st trade of today. Watching GU for a short opportunity, need a clear rejection of 200MA. RSI already overbought, we've also got a bearish divergence. I'd like to see a nice 15M red HA closing under 5MA and if possible without top ...

Magic 5 - five pips only

Dave, I think he entered a short not long! Edlich, Your entry was good with price under 200Ma and RSI coming from 70 area only that you should have entered on the beginning of the second red candle. Don't enter on the 3rd candle because most of the ...

Magic 5 - five pips only

Tk5, This morning you posted that the retrace shouldn't be traded so now I'm wondering if you plan to short EU if this red candle closes below 5MA. Thanks in advance for your reply

Magic 5 - five pips only

No EA, all manual here

Magic 5 - five pips only

Thank you guys for your input. As per tk5's post I'll stick with the London Open and few hours after and I'll provide a new statement next week

Magic 5 - five pips only

Fully agree with TK5 on the above post and now that he opened this topic I might bring my own comments, that could help all new comers on this thread. Blindly following a strategy which provides u an entry based on few indis won't bring you ...

Magic 5 - five pips only

Took the Eu short but not looking good. I took it at the beginning of the last red candle as the price wanted to continue the down trend. RSI coming from 70 area, price under 200MA both on 15M and 1H TF. I've also noticed that better odd when the ...

Magic 5 - five pips only