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Simple Money Making Method

  • #1,621
  • Oct 29, 2012 6:49am Oct 29, 2012 6:49am
Quoting FX-Pro
Hi Diver78,

Could you please post your entry along with your entry on it....
oops...! your chart please..........
  • #1,622
  • Oct 29, 2012 7:03am Oct 29, 2012 7:03am
Quoting FX-Pro
Hi Diver78,

Could you please post your entry along with your entry on it....



I entered on a slight pullback.
My entry doesnīt appear on the chart because I only use the MT4 platform to handle my charts.
Unfortunately my broker doesnīt support MT4..
  • #1,623
  • Oct 29, 2012 7:06am Oct 29, 2012 7:06am
sorry, having some trouble uploading the image file
  • #1,624
  • Oct 29, 2012 7:07am Oct 29, 2012 7:07am
here it is.. i hope
Attached Image
  • #1,625
  • Oct 29, 2012 7:12am Oct 29, 2012 7:12am
Quoting diver78
here it is.. i hope
50% is big psychological number.It could break lower but I am not entering in this trade.
Good morning everyone!Happy piping
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,626
  • Oct 29, 2012 7:14am Oct 29, 2012 7:14am
Quoting Davit
50% is big psychological number.It could break lower but I am not entering in this trade.
Good morning everyone!Happy piping
Yeah.. that pullback on the 50% fib is almost taking out my SL (at least itīs now on BE)

Still have a lot to learn..
  • #1,627
  • Oct 29, 2012 7:19am Oct 29, 2012 7:19am
Blue line is Resistance at 6038-40 zone
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,628
  • Oct 29, 2012 7:24am Oct 29, 2012 7:24am
Quoting diver78
here it is.. i hope
I have marked both the entries....

A traditional entry & a bounce entry...

for me the bounce entry is the best entry....

because, the price did break through the support, now the support turned as resistance & price may re-test the resistance & if we see a bounce from the resistance (200 EMA or 72 EMA) that is the perfect entry...

hope this helps.

Cheers,
FX-Pro
Attached Image (click to enlarge)
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  • #1,629
  • Oct 29, 2012 7:30am Oct 29, 2012 7:30am
Quoting Davit
Blue line is Resistance at 6038-40 zone
Indeed, seeing it clearly zooming out my chart

Anyway..just realized I got stopped out at BE on the second lot.. my entry was actually at 6051. must have caught a bad spread
Luckily I still got +20 pips from the first lot
  • #1,630
  • Oct 29, 2012 7:33am Oct 29, 2012 7:33am
Euro hitting big support at 2895 area bottom dark red box.
Here is the thing guys GU movement is correlated with Euro drop if you short the GU and Euro is at critical support level chances of GU going up is greater then going down.Makes sense right? Always think in accordance with Euro because Euro has the biggest influence how other pairs move.
Furthermore there is no real fundamental news on Euro to break 29
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,631
  • Oct 29, 2012 7:34am Oct 29, 2012 7:34am
Quoting Davit
50% is big psychological number.It could break lower but I am not entering in this trade.
Good morning everyone!Happy piping
Good morning davit....

whats the update on Hurricane sandy.... hope every one are safe there...
  • #1,632
  • Oct 29, 2012 7:43am Oct 29, 2012 7:43am
Quoting FX-Pro
Good morning davit....

whats the update on Hurricane sandy.... hope every one are safe there...
Good Morning Sarvana
Everything is fine in Boston.No real rain yet.Worse is around 7pm tonight.
Cape Cod is getting pounded now.
I think Boston is safe
In trading, you have to be defensive and aggressive at the same time
  • #1,633
  • Oct 29, 2012 7:45am Oct 29, 2012 7:45am
Quoting FX-Pro
I have marked both the entries....

A traditional entry & a bounce entry...

for me the bounce entry is the best entry....

because, the price did break through the support, now the support turned as resistance & price may re-test the resistance & if we see a bounce from the resistance (200 EMA or 72 EMA) that is the perfect entry...

hope this helps.

Cheers,
FX-Pro
It sure helps FX-Pro...

Thinking about a re-entry short if price does a pullback to 1.6065. It might at that point go back to at least 1.6040. Might not happen today.. volume seems to be breaking down...
  • #1,634
  • Oct 29, 2012 7:48am Oct 29, 2012 7:48am
Hi Bilstein
Why don't you post? Come on don't be a stalker
In trading, you have to be defensive and aggressive at the same time
  • #1,635
  • Oct 29, 2012 7:57am Oct 29, 2012 7:57am
UC is on the verge of breaking big psychological number 1.0 and I plan on shorting from 1.0050
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,636
  • Oct 29, 2012 8:03am Oct 29, 2012 8:03am
Quoting diver78
It sure helps FX-Pro...

Thinking about a re-entry short if price does a pullback to 1.6065. It might at that point go back to at least 1.6040. Might not happen today.. volume seems to be breaking down...
Right....

i'm not saying your entry is wrong, but why we have to risk on 50:50, lets look for potential / obvious entries & increase our winning trades....

but again we have to wait, wait wait & wait.... patience pays.... the tough part of this business.....

Cheers,
FX-Pro
  • #1,637
  • Oct 29, 2012 8:13am Oct 29, 2012 8:13am
Hi guys..not doing much trading today..US markets closed for hurricane..light volume.. took only this one as we broke below the EMAs.

There is another reason for taking this trade, related to Dean Malone's TDI indicator on H4 TF (green yellow cross) which is not the matter of this thread, but it happens to be a reliable pattern. Therefore a 50 pips stop. There are not many of them and i will post it below.

Trade smart,

Ciara
Attached Image(s) (click to enlarge)
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Ideas shape the course of history
  • #1,638
  • Oct 29, 2012 8:15am Oct 29, 2012 8:15am
Quoting FX-Pro
Right....

i'm not saying your entry is wrong, but why we have to risk on 50:50, lets look for potential / obvious entries & increase our winning trades....

but again we have to wait, wait wait & wait.... patience pays.... the tough part of this business.....

Cheers,
FX-Pro
Sarvana right on.
To add further one can have 70% losers and still make great money!! How?
I'll show you

Number of wins 3 or 30% 2k gain per trade =6k
Number of Losses 7 or 70% $ 300 loss per trade 2.1k
Net profit 3.9k
(number lots are hypothetical you make your own)

What this means you can have 3 great trades per week and still make great money.Like Sarvana said Patience!Wait for great set up.
In trading, you have to be defensive and aggressive at the same time
  • #1,639
  • Oct 29, 2012 8:25am Oct 29, 2012 8:25am
this setup looks good, on cadchf .50 percent fibo holds.. sm3 rules triggered entered short. any controversy?
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.gif Size: 19 KB
i am the lord that giveth thee power to create wealth.
  • #1,640
  • Oct 29, 2012 8:41am Oct 29, 2012 8:41am
Quoting FX-Pro
Right....

i'm not saying your entry is wrong, but why we have to risk on 50:50, lets look for potential / obvious entries & increase our winning trades....

but again we have to wait, wait wait & wait.... patience pays.... the tough part of this business.....

Cheers,
FX-Pro
Ok ok.. preping safe mode... holding my guns

hehe.. thanks.. still a bit edgy.. must shape my nerves for this business! Prime rule!
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