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Re: ✡ Cagliostro's Alkemix Trading System ✡

461 by Cagliostro
Kiennt wrote: Tue Dec 31, 2024 3:39 am I understand the rules of the system after reading and following nearly 50 pages so far and am lucky to use the system that has optimized version 5.0.
BUY: will always choose areas around the 1/8 and 2/8 areas to buy up
Sell: will always choose areas around the 8/8 and 7/8 areas to sell down
Along with that, all the signals at the bottom are green or red consensus.
Sorry for my English being used through a compiler.
If there is anything wrong in the above setups, can you point it out for me?
As you said, the system is optimized for trading mainly on 2 time frames, M1 and M5, right?
Thank you very much.
Don't worry for the language mate, it's ok.

Yes, you are right, the Murrey levels give a good idea of potential points of reversals. The best combo is when you have multiple bearish levels on top of the consolidation range for a short and the opposite for a long. Also, care of ADR in combination with Murrey, they are invincible together.
These users thanked the author Cagliostro for the post (total 2):
Kiennt, PhoenixBlueFeather
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: ✡ Cagliostro's Alkemix Trading System ✡

462 by Cagliostro
Kiennt wrote: Tue Dec 31, 2024 3:45 am I see in the latest chart you are still trying to optimize the system by adding ichimoku cloud to confirm the trend right
if yes you can try setting it with parameters 7 12 15 respectively, it is also called ThunderCloud right
Correct, I keep putting the ichimoku on and off as love it. Thanks for sharing, I will try the settings ;)
These users thanked the author Cagliostro for the post:
Kiennt
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: ✡ Cagliostro's Alkemix Trading System ✡

463 by Kiennt
Cagliostro wrote: Tue Dec 31, 2024 3:47 am Correct, I keep putting the ichimoku on and off as love it. Thanks for sharing, I will try the settings ;)
Thank you very much for your early response.
I read somewhere I can't remember the page number that you always trade with some currency pairs and indicators, can you suggest me again.
Hopefully 2025 will be a good year for everyone to follow this system and it will be more and more simplified for ease of use in trading m1 m5

Re: ✡ Cagliostro's Alkemix Trading System ✡

464 by Cagliostro
Kiennt wrote: Tue Dec 31, 2024 4:05 am Thank you very much for your early response.
I read somewhere I can't remember the page number that you always trade with some currency pairs and indicators, can you suggest me again.
Hopefully 2025 will be a good year for everyone to follow this system and it will be more and more simplified for ease of use in trading m1 m5
I trade mainly London and NY sessions.

London
-DAX
-GOLD
-GBPJPY/ GBPUSD (whatever looks better)
-EURUSD

NY
-US30
-GOLD
-EURUSD
-BTCUSD
These users thanked the author Cagliostro for the post (total 6):
Kiennt, specialkey, fnz, eduarescobar, ace2983, davidpont
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

Re: ✡ Cagliostro's Alkemix Trading System ✡

468 by Cagliostro
PhoenixBlueFeather wrote: Tue Dec 31, 2024 9:20 am Hi Cagliostro,

When you have some little spare time, can you give just a couple of words about this dream team ADR+Murrey :) .... How do you see their work together ?

All the best,
Happy New Year! :thumbup:
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
These users thanked the author Cagliostro for the post (total 7):
lukgoku, Lucas, eduarescobar, kudrpenk, kimhyunmin, PhoenixBlueFeather, ace2983
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro

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