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Simple Money Making Method

  • #21
  • Sep 13, 2012 9:45am Sep 13, 2012 9:45am
Quoting daftman
Hi FX-Pro,

Your system looks like good. I attached an image. What are you doing in this situations, that i marked with a rectangle? Are you open positions there?
Can you draw your entries to my picture?
Except the Second & the Last one i don't see any other entries are valid entries... because i also look for 12EMA to Cross the 72EMA,

Also if my SL Exceeds more than 35 Pips.... i'l think twice before entering the trade....

any ways... instead of learning from the history..... i'l post some live trades...

which will give you better understanding of this method....

Regards,
FX-Pro
  • #22
  • Sep 13, 2012 9:49am Sep 13, 2012 9:49am
Quoting hullas
Why have you pointed two candle's as the entry point?

Can you please explain the logic? only one of the candle goes on to bounce of the 72EMA?
Both are entry candles.... just to illustrate i marked both candles, in fact if you miss the first one you can enter the next candle... but this is not very usual....

Cheers...
  • #23
  • Sep 13, 2012 9:51am Sep 13, 2012 9:51am
Quoting hullas
It would be great if you can post a similar chart with Heikinashi candles will make it easier to understand.
Sure... will do that..
  • #24
  • Sep 13, 2012 10:40am Sep 13, 2012 10:40am
Hi FX-Pro,
from the examples you picked, it looks like you shoot for a high risk/reward ratio. Of course, the earlier you get into the new change of trend, the better. EMAs angles and distance between them I think are very important (see also 5 min Phillip Nell's method for this). I didn't have time to back test this yet but would it be 1:4 a good average estimate from your past 2 yrs results?!
Are you saying that you get an 80% winning rate with this R:R? Thanks!
r u ready?
  • #25
  • Sep 13, 2012 10:59am Sep 13, 2012 10:59am
Quoting FX-Pro
Except the Second & the Last one i don't see any other entries are valid entries... because i also look for 12EMA to Cross the 72EMA,

Also if my SL Exceeds more than 35 Pips.... i'l think twice before entering the trade....

any ways... instead of learning from the history..... i'l post some live trades...

which will give you better understanding of this method....

Regards,
FX-Pro
Good thread. The MA bounce is my favorite trading method (CHOROS) but at lower TFs. I would love to see your thread develop similar techniques for high TFs.

P.S. You got my temporary vouch which will become permanent as I see this thread progressing.....
  • #26
  • Sep 13, 2012 11:05am Sep 13, 2012 11:05am
Quoting rtrs111
Hi FX-Pro,
from the examples you picked, it looks like you shoot for a high risk/reward ratio.
Sure... i'l check Phillip's thread....

8 out my 10 entries are always winning.... i guess long time back i ended a month with BE but never in negative...

R:R is one of the important aspect in this business....

Ok let me tell you what exactly i do......

I move my SL to BE when i reach 20+ Pips depending the momentum formation & I close my first half position when i see a reversal candle & that will be at least 50 Pips , & i ride the other half with BE....

this MM works better for this method & of course My SL never exceeds 35 Pips... isn't that 50 - 150 pips good for a risk of 35 Pips....

any ways i'm open for learning new things.... let me know if you have a better MM..

Cheers,
FX-Pro
  • #27
  • Sep 13, 2012 11:21am Sep 13, 2012 11:21am
Hi Fx-Pro

I will back test your strategy on other crosses and see what it promises and also follow the developments here.

Thanks
  • #28
  • Edited 11:48am Sep 13, 2012 11:21am | Edited 11:48am
Quoting kostas1
Good thread. The MA bounce is my favorite trading method (CHOROS) but at lower TFs. I would love to see your thread develop similar techniques for high TFs.

P.S. You got my temporary vouch which will become permanent as I see this thread progressing.....
I've been in your CHOROS thread for a long time(not as a member) i love to take those touch trades.... but i always miss those, as i couldn't react so fast on 15M....

i know the way you trade... on M15... i'm sure you'l like this method....

Thanks again
  • #29
  • Sep 13, 2012 11:22am Sep 13, 2012 11:22am
Quoting johNal
Hi Fx-Pro

I will back test your strategy on other crosses and see what it promises and also follow the developments here.

Thanks
Good one thanks a Lot....

Regards,
FX-Pro
  • #30
  • Sep 13, 2012 11:57am Sep 13, 2012 11:57am
Quoting daftman
Hi FX-Pro,

Your system looks like good. I attached an image. What are you doing in this situations, that i marked with a rectangle? Are you open positions there?
Can you draw your entries to my picture?
Very good point. Actually the pictures like this you can see in 80% of the market time and only 20% the market looks as in the pictures which FX-Pro has been demonstrating.
Attached File(s)
File Type: pdf 9-13-2012 8-50-06 PM.pdf   10 KB | 4,142 downloads
Enter Signature
  • #31
  • Sep 13, 2012 12:29pm Sep 13, 2012 12:29pm
Heh Guys I Tried My Level Best to Post this before entering.... but i couldnt as the Forex Factory server was fully loaded....

I'm So Sorry for that....

i usually don't enter when there is a news... but the Momentum made me to enter this one....

here is my entry...

Cheers...
Attached Image
  • #32
  • Sep 13, 2012 12:32pm Sep 13, 2012 12:32pm
Quoting FX-Pro
Heh Guys I Tried My Level Best to Post this before entering.... but i couldnt as the Forex Factory server was fully loaded....

I'm So Sorry for that....

i usually don't enter when there is a news... but the Momentum made me to enter this one....

here is my entry...

Cheers...
Closed my first half with 50 Pips... & riding the other half with BE.....

Cheers....
FX-Pro
  • #33
  • Sep 13, 2012 12:53pm Sep 13, 2012 12:53pm
Hi

Thanks FX-Pro. Took the same trade after reading your thread.
Faith with Action
  • #34
  • Sep 13, 2012 12:55pm Sep 13, 2012 12:55pm
Picture attached for the trade
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 130 KB
Faith with Action
  • #35
  • Sep 13, 2012 12:59pm Sep 13, 2012 12:59pm
Quoting hinnavaru
Picture attached for the trade
Excellent....

Keep up the good work...

Don't give your money to the market....please move your SL to BE & keep going...

Good Going...!
FX-Pro
  • #36
  • Sep 13, 2012 1:12pm Sep 13, 2012 1:12pm
Ok Guys... Its time for dinner...... & then to Sleep.... I'm Keeping this trade open with BE...

See you All.
Night Night...
Attached Image
  • #37
  • Sep 13, 2012 1:31pm Sep 13, 2012 1:31pm
Looks good
  • #38
  • Sep 13, 2012 3:09pm Sep 13, 2012 3:09pm
Quoting FX-Pro
I take 12 to 16 Trades a month with a minimum of 50 Pips & a Max Of 150 pips per Trade...

we have a re-entry setup as well, which will be discussed later...
i'm curious about the re-entry setup..

you sad you make 12-16 trades, including the re entry, right?
Quoting FX-Pro
i was known for over trading when i was a newbie...
me too!!
  • #39
  • Sep 13, 2012 5:11pm Sep 13, 2012 5:11pm
Do you think it (the system) would work on daily chart?
I can see how it would behave on daily history using EMA72/12 (rather fine with some take profits and as you said break evens) but what about periods of EMAs? Should one adapt them to daily "reality"?

EMA7 - (week trend) ?
EMA30 or 60 - (month/2months trend)?

and how about lower TFs? (15min/scalping)

I'm just asking for opinion and if it's to much trouble than please save your energy for forex =)
  • #40
  • Sep 13, 2012 5:46pm Sep 13, 2012 5:46pm
FX-pro,

thanks for this easy and kiss method, i am with you.

Let's grab some pips
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