DislikedThat was a quick one. 70 cents a barrel. I think I should let u breathe now.. Time for mojito..Ignored
Cheers,
FX-Pro
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DislikedThat was a quick one. 70 cents a barrel. I think I should let u breathe now.. Time for mojito..Ignored
DislikedMaybe an entry at NZD/USD.
Bounce from RN 0.81500.
https://dl.dropbox.com/u/2244659/For...D-10-16-12.jpgIgnored
DislikedThese are called as touch trades, one of my preferred way of trading quick pips/money, but this thread is not the place to discuss... lets see in future...
Cheers,
FX-ProIgnored
DislikedThree possible long setups soon.
EUR/USD bounce from RN 1.30000
AUD/USD bounce from RN 1.02500 and EMA 200, EMA 72
GBP/USD bounce from RN 1.61000Ignored
DislikedThx, bro, testing the setups in various fields and markets. Glad it works.. Excited about the PA/PAC potentials and the setups from your thread. Will try to stick to the basic ideas here. All critics are welcome!
One thing to think about for the future though..as someone has already mentioned in the past: once u discover a good system, u get a huge traction..well, sooner or later they incorporate ur idea into algos and u become fuel like everything else. Algos and HFTs make 90% of trades nowadays. That's one of the reasons the classic TA doesn't...Ignored
DislikedT
One thing to think about for the future though..as someone has already mentioned in the past: once u discover a good system, u get a huge traction..well, sooner or later they incorporate ur idea into algos and u become fuel like everything else. Algos and HFTs make 90% of trades nowadays. That's one of the reasons the classic TA doesn't work anymore.
We should fine tune it together, to become applicable for multimarket and multipurpose use..even adjust it for every FX pair/commodity separately.. then we will have to move to private thread....Ignored
DislikedGuys, please remember, you guys need to do the ground work / basics before trading this method or any method/system for that matter,
> Look at the bigger time frames to understand the overall sentiment of the pair
> Look for the support resistance zone / RN
> Look for the momentum/strength of the pair
> Look if the price ranging/trending
> Look for HH/HL or LL/LH
These are all the basics, without which you will never be successful with any method/system.
Just because the system says to enter & you enter without looking at the basics, nothing...Ignored
DislikedSorry, I know you do not tolerate criticism, but did you notice that the so called "very simple method" which has very few rules in your post #1 and which been in successful use for two yearsIgnored
DislikedI've been in this business for 16 years (1000+ trades a year) and I can tell u, the things have changed a lot recently. Tonnes of books have been written on TA, EWT, Fibs..etc..and I think out of these classics, in my experience, only fibs are the ones that still work. EWT guys are dead from latest the last year, when they called for S&P to fall into double digits, and euro to go subpair. Machines have taken over the markets and many clever, famous and very experienced heads have been forced to shut down their hedge funds and leave bancrupt.
Statistics...Ignored
DislikedI think, the last candle sow a good oportunity to go in long, what you think master?Ignored
DislikedI've been in this business for 16 years (1000+ trades a year) and I can tell u, the things have changed a lot recently. Tonnes of books have been written on TA, EWT, Fibs..etc..and I think out of these classics, in my experience, only fibs are the ones that still work. EWT guys are dead from latest the last year, when they called for S&P to fall into double digits, and euro to go subpair. Machines have taken over the markets and many clever, famous and very experienced heads have been forced to shut down their hedge funds and leave bancrupt.
Statistics...Ignored
DislikedFX-Pro was and is successful with the system not because it has few rules because in order to be profitable in any system one has to have a foundation in trading besides a system.
Think about all the systems fake gurus sale- Red arrow sell, green arrow buy and all fail mostly because people trading simple arrows don't get that trading is serious occupation just like any other.
To use discretion is the key but how you get around that is up to you.Ignored
DislikedHello,
this is my trade. Profit is 101 pips. I was jus a little bit late but it gave me a better price.Ignored