Please, take this reply as my personal opinion, not a trading recommendation.chndvz wrote: Sat May 24, 2025 4:30 am Hi Guys,
I'm quite new, and Ive followed the thread and have a basic understanding of the system, not that great though.
I first have to give credit to Cagliostro for such a great system>
With that said, just asking, was my trade entry here bad? Maybe because of the red dot appearing after the up arrow ?
Although if i took the trade just after the arrow would that and the red dot hadn't appeared, that would have been a good entry right?
In your example, I would first check the HTF market structure. Zooming into the M5, experiencing relatively large moves could block your vision of the big picture.
Observations:
- Today's movement is already exhausted (ATR ~100%)
- Price experienced a sudden drop and recovered. -> hard to decide/predict what happens next. Was it a liquidity grab? Stop Loss Hunt? We could not know for sure. (Any news?)
- Price came back to the DailyOpen line (could act as a dynamic support/resistance line. (Not always, but possible)), so I would be cautious after that point.
- Check the time zones/Sessions: You are trading EURGBP in NY afternoon session. I would not expect high volatility/strong trends in that period of time. (Better to stay out)
- Price did not have any significant zones/levels beneath your entry to support the price. For me, this case is 50/50 where price might go.
- The market was most of the day under the Daily-VWAP. Exceeding it for the first time after quite a long period below it. Highly unlikely to shoot to the moon from that point. (Ranging instead of a bullish trend)
And you could see sometimes overlapping Oracles, but it is not enough for having a high probability entry. You need additional confirmations.
If you let me recommend something. Take your time. Read through the whole threads (Alkemix MT4, Alkemix MT5, Xard MT4 & Xard MT5 (and use Curioso's learning guide). This is a lifelong journey and learning procedure. Don't rush anything.

Edit: Even though the thread is not active anymore, I also recommend taking a look at Beatlemania's MT4 thread as well. And also many, many more hidden gems on this amazing site.
