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  • #94,261
  • May 8, 2009 6:00pm May 8, 2009 6:00pm
thank you, i am going to be all over FF this weekend, I want to beef up my survival kit...read my post below...Markets to the financial rescue of those who would soon be "taken over" by the price warriors

Quoting Turveyd
Page 7's got the most upto date templates on it.

http://www.forexfactory.com/showthre...=166455&page=7

Read my posts on page 6 and look at a few of my charts and you should get it.

Stupidly EASY Setups!! And all setups are with the trend!!
Its all in the mind.
  • #94,262
  • May 8, 2009 6:07pm May 8, 2009 6:07pm
I'm a self employeed IT guy 5abi, programming mainly but do it ALL, networking, PC setting up, Server Setting up anything that pays basically.

At best I get £30 per hour, @$45 But there is NOTHING on work wise at the moment Cash flow is nearly crippling me here, hence my HUGE interest also in replacing atleast part of my income ASAP on Forex.

I need to be making $1500+ per month and within 2 - 3 months currently, tricky task but stick to my new system and I believe it'll be a BREEZE from a $200 account!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,263
  • May 8, 2009 6:12pm May 8, 2009 6:12pm
ok, so it this the system, you trigger when 3ema x-over 6 ema in direction of the longer ma's???

3EMA
6EMA
20EMA
50EMA
Envelope 20sma, 0.20% Dev ( this is just to reinforce 20sma direction and give me a instant what scale my charts at, those huge looking swings for 6pips annoy me LOL )

Shorts below 20SMA, Longs above, simple enough ??

Use the 50sma the same, so only shorts below 20sma and below 50sma and vice versa, likely also worth while factoring in the direction of travel.

It looks to work well enough with EJ even in chop to just about make a profit so think Breaking even I guess, but then you'll get 100pip moves like on the attached chart, which makes up for the chop times


Quoting Turveyd
I'm a self employeed IT guy 5abi, programming mainly but do it ALL, networking, PC setting up, Server Setting up anything that pays basically.

At best I get £30 per hour, @$45 But there is NOTHING on work wise at the moment Cash flow is nearly crippling me here, hence my HUGE interest also in replacing atleast part of my income ASAP on Forex.

I need to be making $1500+ per month and within 2 - 3 months currently, tricky task but stick to my new system and I believe it'll be a BREEZE from a $200 account!!
Its all in the mind.
  • #94,264
  • May 8, 2009 6:13pm May 8, 2009 6:13pm
Oil isn't technically running out, they'll still be pumping oil outta the ground in 200years time but not much.

What there is is a supply and demand issue, if demand > Supply then the price sky rockets until demand is tamed to = supply, basic economics.

We are very close to, possibly just past Peak oil production so oil production should drop off over the next 10-20years = huge price increase.

We've had a temporary rest bite from this due to the global reccession demand has really dropped off, the oil hitting $140 per barrel likely caused it well some of it which is why it's dropped back to $40 there is a nice surplus going around and they've been reducing what they produce.

Easy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,265
  • May 8, 2009 6:18pm May 8, 2009 6:18pm
Quoting 5abi
ok, so it this the system, you trigger when 3ema x-over 6 ema in direction of the longer ma's???

[b][i]3EMA
6EMA
20EMA
50EMA
Envelope 20sma, 0.20% Dev ( this is just to reinforce 20sma direction and give me a instant what scale my charts at, those huge looking swings for 6pips annoy me LOL )

Shorts below 20SMA,...
3EMA
8SMA
20SMA
55 & 65SMA ( treat as 1 wide line )

Ignore the 8sma thats a advanced class for the time being.
Treat the 3EMA as the Price to trade off, it just reduces chop and fake signals for blips.

Simple simple setup.

3EMA moves above 20SMA AND 55/65SMA go Long
4EMA moves below 20SMA AND 55/65SMA go Short.

Don't enter new trades inbetween the 20 and 55/65.

Don't hold against the system EVER cause sure fired DEATH.

Let your profits run, 3EMA moves back below 20SMA exit, unless your on a big move then risk a pull back maybe ( at your discretion ) to the 55/65 range.

SL use 15 to 25 tops should be more than enough, I'm thinking 20.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,266
  • May 8, 2009 6:22pm May 8, 2009 6:22pm
Presume downward market :-

Market moves over 20sma, so you take profits, if the market moves back under consider that another short opertunity, but NO LONG over 20sma until over 55/65!!

There is a chart!! And the template for the Euro.


* Envelope Range is just there for me to see the Scale of the chart easily don't trade off it *

Aviod trading during Chop easier said than done I know!!
Attached Image (click to enlarge)
Click to Enlarge Name: Can you see it PLEASE.jpg Size: 220 KB
Attached File(s)
File Type: tpl eu kiss m1.tpl   12 KB | 296 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,267
  • May 8, 2009 6:29pm May 8, 2009 6:29pm
nice. i am looking at it.

Quoting Turveyd
3EMA
8SMA
20SMA
55 & 65SMA ( treat as 1 wide line )

Ignore the 8sma thats a advanced class for the time being.
Treat the 3EMA as the Price to trade off,...
Its all in the mind.
  • #94,268
  • May 8, 2009 6:35pm May 8, 2009 6:35pm
Quoting 5abi
nice. i am looking at it.
Although it worked well on EU today, EJ is where the money is at, it's calling 130pip moves in @1hour where as EU seems to only get 30-40pip runs before fading and reversing.

Simple, I've been SO close to this for ages, kept over complicating it, I checked previous charts and realised the more SMA's I added the worse my trading was at the time, so dumped loads of them then came up with the no trade zone between the 20 and 55/65 and hey presto, why didn't I twig this 2years ago
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,269
  • May 8, 2009 6:36pm May 8, 2009 6:36pm
Join the other thread, don't have to keep repeating myself or annoying the EU traders with there own methods on here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,270
  • May 8, 2009 6:40pm May 8, 2009 6:40pm
glad it worked well for you..one question but it is on KISS thread


Quoting Turveyd
Although it worked well on EU today, EJ is where the money is at, it's calling 130pip moves in @1hour where as EU seems to only get 30-40pip runs before fading and reversing.

Simple, I've been SO close to this for ages, kept over complicating it, I checked previous charts and realised the more SMA's I added the worse my trading was at the time, so dumped loads of them then came up with the no trade zone between the 20 and 55/65 and hey presto, why didn't I twig this 2years ago
Its all in the mind.
  • #94,271
  • May 8, 2009 6:45pm May 8, 2009 6:45pm
KISS Stands for Keep It Simple Stupid quite fitting.

It was the KISS talking about which highlighted my system was over complicated.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,272
  • May 8, 2009 6:58pm May 8, 2009 6:58pm
Quoting Chicky
Hi, few of those watching

Public announcement: I am a full time trader from next Monday.

NICE, be warned though been there done that twice, blown it both times.

3rd time @2months fingers crossed

3rd time is a charm I hear LOL

My advice is take 2/3rds of your money outta the market, put it somewhere safe then incase of a bad few days and blowing your account you've got money ready to slap straight back in.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,273
  • Edited 7:16pm May 8, 2009 6:58pm | Edited 7:16pm
way to go guy, all the best!

now that is one of my goals but planned for realization aboot 5-6 years from now. can i ask ya one question (dont answer if you dont want to, or pm me if prefer) how much you plan take out on a per annum basis to support you and how much of it wanna put back in for account growth? jus curious.

ps--i could not edit it earlier ff down for some reason, i meant % roi not the dollar amount.


Quoting Chicky
Hi, few of those watching

Public announcement: I am a full time trader from next Monday.
Its all in the mind.
  • #94,274
  • May 8, 2009 7:12pm May 8, 2009 7:12pm
Quoting 5abi
way to go guy, all the best!

now that is one of my goals but planned for realization aboot 5-6 years from now. can i ask ya one question (dont answer if you dont want to, or pm me if prefer) how much you plan take out on a per annum basis to support you and how much of it wanna put back in for account growth? jus curious.

Thats kinda irrelevant cause it'll differ hugely depending on many factors, like where you live and what kinda life style your after.

For me I can live and support my current level of poor but okay on @$1500 per month wage and at $3000 I could have A LOT of Fun!!

And once your truely profitable especially from Scalping then $10 per pip and $2000 days shouldn't be a problem ( or $100 per pip and 20K days if so inclined )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,275
  • May 8, 2009 7:18pm May 8, 2009 7:18pm
hey
yeah see my edit, i meant % roi, this is one of the questions i always have in mind from all who have gone full time. it is just to benchmark against the pros, makes sense to follow where the full timers are going thur

Quoting Turveyd
Thats kinda irrelevant cause it'll differ hugely depending on many factors, like where you live and what kinda life style your after.

For me I can live and support my current level of poor but okay on @$1500 per month wage and at $3000 I could have A LOT of Fun!!

And once your truely profitable especially from Scalping then $10 per pip and $2000 days shouldn't be a problem ( or $100 per pip and 20K days if so inclined )
Its all in the mind.
  • #94,276
  • May 8, 2009 7:27pm May 8, 2009 7:27pm
Quoting 5abi
hey
yeah see my edit, i meant % roi, this is one of the questions i always have in mind from all who have gone full time. it is just to benchmark against the pros, makes sense to follow where the full timers are going thur

Well I aim to be back in the game Wednesday and hopefully I'd of doubled my $180 account by the end of day 1 or atleast by the end of the week.

My plan is to get the account to £10,000 GBP, make 50%+ per month so £5000, and bank the monthly profit so account always starts at 10K ( Add if it drops below from the kitty )

Take £2000 as a wage and keep £3000 in reverse for bad months!!

EASY
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,277
  • May 8, 2009 7:33pm May 8, 2009 7:33pm
That way if FXCM goes under I'm only out 10K which was all profit via them anyway so no biggy!! ( or whatevers in the account at the time )

This is my end of the year target I think, from $180 I need to double my account 7 times in a row, easy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #94,278
  • May 8, 2009 11:30pm May 8, 2009 11:30pm
Well, its time again for me to share my trading thoughts with all the like minded traders for this coming week. Its a pity that my NFP trade set up was not filled as I thought the numbers will be much worst than it was.

Last week, I staked my old trusty dynamic technical E/U chart on the chopping board and thankfully the PA vindicated my complete trust in it even though those lines and everything in it seems to be getting smaller and harder for me to read (literally) day by day. Funny how I thought it was just only yesterday.

Anyway, lets get down to business and see what awaits us going into next week. Looking at the current PA, I really have nothing much to add to my last weekend analysis except that we may be also looking at a longer term trend change if the price decides to go all the way and breach the 14300 level which is only 4 handles away from its current level. Lets take it 2 handles at a time and see how it reacts if and when it reaches there. We will play according to what the sign-posts tell us. Momentum is building and it looks to be gathering more thrust in my m/t chart. My m/t trade since May 5th is looking good and I have just adjusted the SL to entry level at 13277.

I have also decided to be more active in intraday trades as and when any s/t trading opportunity presents itself. I will also post intraday milestone price levels/signals to ride with the market sentiments and momentums as the bulls charges forward and hopefully we can all ride along with it when they are resting or digging in as it is very important both financially and emotionally that we stay on the right side of the trades all the times.

I hope this will be a nice and long pleasant journey for all of us and to do one good thing a day if we can.
  • #94,279
  • May 8, 2009 11:45pm May 8, 2009 11:45pm
Today was great. I would love to see every day like today. Rode the EUR/USD profit train to the end and the AUD/USD ran a beautiful green line for 4 hours straight. Definitely a bling day.
  • #94,280
  • May 9, 2009 12:11am May 9, 2009 12:11am
Quoting SeerEye
this helped me trade the retrace earlier -
Attachment
this is great stuff please post more chart examples in the future
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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