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- Magic Trader replied May 14, 2013
To get this thread moving again, I wanted to let people know my setup. As CP suggested we have two hemispheres: buy or sell. I use a 1 minute chart with 60MA (measuring 1 HOUR average) and 240MA (measuring 4 HOUR average). When the 60 crosses the ...
- Magic Trader replied Jan 11, 2011
Well, I'm really focusing on order flow now but I keep a look out for the setup in this chart. The yellow lines are places where trades could have been taken. I got out quickly on this trade though.
- Magic Trader replied Jan 4, 2011
1min 60wma — Here is another example. This time going long.
- Magic Trader replied Jan 4, 2011
Wow, I can't say enough about your trading, Rising. I really like it, the more you talk about it. Good idea to look at a dozen pairs to find the setup you like the best. There are alway a few pairs trending at a time. So here is an example of what ...
- Magic Trader replied Dec 27, 2010
MAs — Attaching a chart to show you more what I've been studying. Usually MAs are used for crossing signals as for trend direction change or for entry signals. But I think we can use MAs to specifically observe how price is reacting to them in ...
- Magic Trader replied Dec 25, 2010
Merry Christmas to all: Ben, FFrank, Rising Sun !!
- Magic Trader replied Dec 22, 2010
Definitely the UCHF chart seems like a better trade. So you picked the right pair, my friend. Also, this time of year is tricky for trading so wise to pick only the best setups. Regarding the long-term MAs, if someone were to trade off the seconds ...
- Magic Trader replied Dec 22, 2010
Looks good, Rising. If the H1 keeps you from over-trading, then by all means switch to it. We dont need tons of trades a day. Just one good one will pad our accounts. So thought I would show you guys what I've been studying. When we use MAs, what do ...
- Magic Trader replied Dec 17, 2010
Dec 17 — Worked all day and missed the huge run and fall back down. Got in a few trades but mostly broke even. Dan, I hope you post your charts in here soon. Have a great weekend guys.
- Magic Trader replied Dec 16, 2010
Nice recovery yesterday, Rising. If you feel correct about the direction, no reason not to re-enter again. And kudos to your gold trade. It's an awesome commodity. And a great leading indicator for most pairs. Here's todays action. Focusing on EU ...
- Magic Trader replied Dec 15, 2010
Dec 15 GJ — Not every breakout is made the same, as I'm coming to learn. Didn't take the breakout long. But the short one was too convincing to pass up.
- Magic Trader replied Dec 15, 2010
Yay! Ben's back.
- Magic Trader replied Dec 8, 2010
I like your GMT +9 trade, Rising Sun. Really good and consistent. Did my first live trade on the following setup after observing a couple weeks. No real reason for the early exit, but still +.5%
- Magic Trader replied Dec 1, 2010
Love your setup. Are you trading off the 5min or the 1hour nowadays? Either way, they look fine. I just got a setup from a trader I really respect and I'm studying it. The idea is the London breakout and works on most cable pairs. Thought I'd share ...
- Magic Trader replied Sep 15, 2010
I'm testing out a new style of scalping. Just wanted to share a screen shot with you. Basically looking for areas where price has run out of momentum and then trading in the opposite direction with super tight stops of 1-2 pips. I'll only post this ...
- Magic Trader replied Sep 6, 2010
GU Monday — Took a trade for +.2% but more importantly noticed this.
- Magic Trader replied Sep 1, 2010
Sept 1 EU — First trade this month. Went in small for +.2% ROE.
- Magic Trader replied Aug 31, 2010
CAD — This is on the 1min. Really liking this chart Ben. So tired. Nite.
- Magic Trader replied Aug 31, 2010
Testing your setup Ben. +2.7 pips. Now only if that were $100 a pip .
- Magic Trader replied Aug 31, 2010
Aug 31 GU — Missing Akira around here. He was doing so well before he left. Hope he is ok and his family too. It'll be good to get him back with us someday. Small trade on GU. Didn't care for my initial entry but I didn't want to miss the ...