Cagliostro wrote: Tue Dec 31, 2024 6:47 pm Happy New Year mate.

It's a very easy concept.

When you have both overextended ADR and Murrey levels, it's very likely that price action will retrace downwards. And the opposite when you have both of them contracted. Take a look at the picture.

image_2024-12-31_084630547.png

What are the criteria for overextended and contraction?
Is 61.8 for ADR and +1/8 for murrey the standard?

kimhyunmin wrote: Thu Jan 02, 2025 2:57 am What are the criteria for overextended and contraction?
Is 61.8 for ADR and +1/8 for murrey the standard?

I think you can use a simple search on this forum to find the right answer, as both the topics have been discussed in many occasions. Alternatively, google is still a good friend.

A little effort often helps the learning.

Happy New Year,

kimhyunmin wrote: Thu Jan 02, 2025 2:57 am What are the criteria for overextended and contraction?
Is 61.8 for ADR and +1/8 for murrey the standard?

You can find a very detailed explanation on ADR and Murrey levels here
post1295552863.html?hilit=murrey%2Blevels#p1295552863

Hope it helps.

mazibee wrote: Thu Jan 02, 2025 5:07 am Happy New Year,



You can find a very detailed explanation on ADR and Murrey levels here
post1295552863.html?hilit=murrey%2Blevels#p1295552863

Hope it helps.

thank you!
happy new year!

Hi Cagliotro
I just completed a trade on UJ M1.
Sorry I only remembered to take a screenshot after I closed the trade.
I just wanted to say thank you for coming up with a simple and effective system for beginners.
The secret to any success is patience when the conditions are right

Kiennt wrote: Thu Jan 02, 2025 6:51 pm Hi Cagliotro
I just completed a trade on UJ M1.
Sorry I only remembered to take a screenshot after I closed the trade.
I just wanted to say thank you for coming up with a simple and effective system for beginners.
The secret to any success is patience when the conditions are right

Enjoy mate, wish you tons of pips!

Asante wrote: Tue Dec 31, 2024 8:30 pm Make adjustments to suit your trading style these particular parameters suit me

Does it repaint? Is it possible to try it on the backtest to see if it repaints (It doesnt print any new signal on it)?

ffsss wrote: Sat Jan 04, 2025 1:52 am Does it repaint? Is it possible to try it on the backtest to see if it repaints (It doesnt print any new signal on it)?

I will emphasis again, it works for me ffsss, if it doesn't work for you use the settings that Cagliostro has supplied let's try and keep this for Cagliostro system if you have any reservations regarding the set pm, and play around with the settings to suit your trading style.

There are so many indicators on this forum, test until you find something that works for you!

Kiennt wrote: Thu Jan 02, 2025 6:51 pm Hi Cagliotro
I just completed a trade on UJ M1.
Sorry I only remembered to take a screenshot after I closed the trade.
I just wanted to say thank you for coming up with a simple and effective system for beginners.
The secret to any success is patience when the conditions are right

Great entry confirming fibo levels or are they pivots? ( blue lines on chart ?) What is this indicator?

i follow the system entry rules.
ADR and Murray confluence at ideal levels.
The blue vertical line is just where i mark the entry point