15m Magical MA - Page 3

ServerUang · #21 (**permalink**) 06-12-2009, 06:47 AM

Wher are you oing GU ?

mphpopular · #22 (**permalink**) 06-12-2009, 10:35 AM

GU :

m15 chart shows LL LH formation
h1 chart show -ve macd divergence - bearish
(I posted the h1 -ve macd divergence in my Trendline thread)

tp1 is at 1.6450 bcoz it is the SR zone in h1 TF

EDIT :
Well, I guess it juz a good luck that all 3 TP get hitted.
Added IMG (3rd IMG which shows the result of the trade)

mphpopular · #23 (**permalink**) 06-12-2009, 10:47 AM

I didn't take this SHORT bcoz I miss out the Entry Point.

Juz put it as an example:

h1 shows bearish as the Resistance (horizontal line) HOLD.
besides, the upper TL also hold as an important Resistance.

m15 shows LL LH formation

target should at 1.4000 as the h1 bottom TL still holding as an important SUPPORT.

EDIT:
It didn't workout as expected. Well, 60% position closed at TP1. TP2 was not hitted. So the remaining position closed at the GREEN LINE.

Img added (3rd Img which shows the result of the trade)

foreman01 · #24 (**permalink**) 06-12-2009, 01:06 PM

Thanks mph. It's nice to see Raghee's system put into action.

She has some free colored candles that go with her 34 EMA wave too. I don't want to post them and make it look like I am hijacking your thread. So i'll just post the link.
www.ez2tradesoftware.com/GRaB_indicators.rar

I found that I had to mod the MQ4 and recomplile with wider bars because I like fat candles.

everic · #25 (**permalink**) 06-12-2009, 02:12 PM

hi, mphpopular

i was looking your breakout tl + retest strategy, now, a magic ma system. both are great, i like'em. in these two system, which one of them delivers you better win/loss ratio, if i may? thank you.

Quote:

Originally Posted by mphpopular

I didn't take this SHORT bcoz I miss out the Entry Point.

Juz put it as an example:

h1 shows bearish as the Resistance (horizontal line) HOLD.
besides, the upper TL also hold as an important Resistance.

m15 shows LL LH formation

target should at 1.4000 as the h1 bottom TL still holding as an important SUPPORT.

cvbn · #26 (**permalink**) 06-12-2009, 03:02 PM

Quote:

Originally Posted by mphpopular

GU :

m15 chart shows LL LH formation
h1 chart show -ve macd divergence - bearish
(I posted the h1 -ve macd divergence in my Trendline thread)

tp1 is at 1.6450 bcoz it is the SR zone in h1 TF

Price hit My SL

mphpopular · #27 (**permalink**) 06-12-2009, 06:59 PM

@all
I updated post 23 and 24 with the trade result and an image. Do check it.

mphpopular · #28 (**permalink**) 06-12-2009, 07:00 PM

Quote:

Originally Posted by foreman01

Thanks mph. ......

Juz downloaded and tested, look nice. You can use it for look the direction clearly and easily, and also whether the price is trading above or below ema34 clearly

mphpopular · #29 (**permalink**) 06-12-2009, 07:04 PM

Quote:

Originally Posted by everic

hi, mphpopular

i was looking your breakout tl + retest strategy, now, a magic ma system. both are great, i like'em. in these two system, which one of them delivers you better win/loss ratio, if i may? thank you.

I would recommend Magical MA (higher win/loss ratio), but with the condition you have understand truly about TL, candlestick, HH HL LL LH formation and SR.

Somehow you might try this. Use the TL + retest thread as a reference to the market direction and learn about drawing TL & etc. Then trade using Magical MA.

mphpopular · #30 (**permalink**) 06-12-2009, 07:07 PM

Quote:

Originally Posted by cvbn

Price hit My SL

Pair? Entry Price? SL Price? How? Any Pic?

We can discuss whether the loss trade could be avoided or any improvement could be made.