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Simple Money Making Method

  • #81
  • Sep 14, 2012 6:02am Sep 14, 2012 6:02am
Missed the opportunity yesterday waiting for a re-entry or a new position.
  • #82
  • Sep 14, 2012 6:10am Sep 14, 2012 6:10am
Closed the position with 111 Pips...

Done for the week...

Will give you more update in the coming week.... Stay tuned...

Cheers,
FX-Pro
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  • #83
  • Sep 14, 2012 6:26am Sep 14, 2012 6:26am
Excellent Thread...

Good logic behind the system.... need to have enough patience to hold the trade & to enter a trade....

Thank You for sharing the system....

Bulls
  • #84
  • Sep 14, 2012 6:30am Sep 14, 2012 6:30am
Simplicity Rocks...
  • #85
  • Sep 14, 2012 6:43am Sep 14, 2012 6:43am
Love the simplicity. In my mind you can't beat a couple of well placed emas and price action/price patterns. Its all about looking for price action in the right areas and not just random reversal, outside, inside, bull,bear candlesticks. I use the 10 ema and the 62 ema on the on smaller time frame charts and look for almost the same thing.
  • #86
  • Sep 14, 2012 7:03am Sep 14, 2012 7:03am
This looks like a nice system, I currently trade a dual time frame stochs system which is great (and profitable).
This system seems to indicate good trades that my current system doesn't show - just what I'm looking for!!
I'm getting to like simplicity more and more, 'think I might be getting old.

Thanks for the thread, I reckon I'll be here for a while,,
Don't ask me, I have no idea what's going on.
  • #87
  • Sep 14, 2012 7:23am Sep 14, 2012 7:23am
Please take into consideration that a very nice trend has been formed since September 3rd on most pairs. Anything will work in such a nice environment. Trouble is can we survive when it stops working..
  • #88
  • Sep 14, 2012 7:25am Sep 14, 2012 7:25am
Quoting Gizzledonk
This looks like a nice system, I currently trade a dual time frame stochs system which is great (and profitable).
This system seems to indicate good trades that my current system doesn't show - just what I'm looking for!!
I'm getting to like simplicity more and more, 'think I might be getting old.

Thanks for the thread, I reckon I'll be here for a while,,
Could you provide some further info concerning the dual time frame stoch system you are using?
  • #89
  • Sep 14, 2012 7:43am Sep 14, 2012 7:43am
i was skeptical about the signal i saw yesterday on AUDUSD, now i missed it I wonder when another opportunity will come

nice strategy
when you can accurately predict the future, you leave nothing to chance.
  • #90
  • Sep 14, 2012 9:07am Sep 14, 2012 9:07am
Your comment made me think of why we need to turn off our brains before trading as we try to second guess the market / system otherwise.

In Post 46 FX-Pro said

"this method was fine tuned for 6+months before putting real money into this method on 1H A/U"

Personally, I'm thankful that it is the weekend so I can spend some time going back over previous history to test and get my own "feel" for this system to see if it suits my personality.

It is great that Metatrader allows us a Step by Step process on the charts so we can almost re-create the market in days gone by.

It certainly looks to be an interesting system for trending markets.

As an Aussie, I'm pleased to see the current price of $1.06 plus against the USD.


Regards
  • #91
  • Sep 14, 2012 10:29am Sep 14, 2012 10:29am
Quoting duffy
Your comment made me think of why we need to turn off our brains before trading as we try to second guess the market / system otherwise.

In Post 46 FX-Pro said

"this method was fine tuned for 6+months before putting real money into this method on 1H A/U"

Personally, I'm thankful that it is the weekend so I can spend some time going back over previous history to test and get my own "feel" for this system to see if it suits my personality.

It is great that Metatrader allows us a Step by Step process on the charts so we can almost re-create...
I'm new here too, if you're interested I've attached a nice simulator that I'm planning to use over the weekend on this system, I've downloaded a new metatrader and opened a demo account specially for it. I've used it before and it's excellent. Should be very useful for this one as no EA's are used and it's not a 'dual time frame' like my other system.

Have fun,

***Edit,, instructions are in the zip***
Attached File(s)
File Type: zip Trade_Simulator_Files.zip   370 KB | 1,379 downloads
Don't ask me, I have no idea what's going on.
  • #92
  • Sep 14, 2012 11:55am Sep 14, 2012 11:55am
Quoting tsipouro
Could you provide some further info concerning the dual time frame stoch system you are using?
Hi,
No problem, you can read all about it on these forums, here's the link,
http://www.forexfactory.com/showthre...12#post6010012
I've been using it for a few months exactly 'as is' with good results.
Don't ask me, I have no idea what's going on.
  • #93
  • Sep 14, 2012 1:31pm Sep 14, 2012 1:31pm
Quoting The7
Please take into consideration that a very nice trend has been formed since September 3rd on most pairs. Anything will work in such a nice environment. Trouble is can we survive when it stops working..
Thats what I am trying to understand here. FX-Pro says this method has been providing 80% profitable trades for about two year, but he was able to show an account dynamic for a month only.

I personally believe this method may provide 80x20 profit ratio but up side down, i.e. 80% loss and 20% profit. A meethod based on indicators can not be sustainable simply because the market is not driven by indicators.
Enter Signature
  • #94
  • Sep 14, 2012 1:37pm Sep 14, 2012 1:37pm
Quoting V_s
Thats what I am trying to understand here. FX-Pro says this method has been providing 80% profitable trades for about two year, but he was able to show an account dynamic for a month only.

I personally believe this method may provide 80x20 profit ratio but up side down, i.e. 80% loss and 20% profit. A meethod based on indicators can not be sustainable simply because the market is not driven by indicators.
Well that is the point. Do you procrastinate with theory or do you put your money down and test the method ( or demo). You have to get off the fence sometime. 0r be an old dillatente
every Saint has a past. Every Sinner has a Future
  • #95
  • Sep 14, 2012 1:43pm Sep 14, 2012 1:43pm
Quoting turnip15
Well that is the point. Do you procrastinate with theory or do you put your money down and test the method ( or demo). You have to get off the fence sometime. 0r be an old dillatente
'Been testing this on a simulator for the last 4 hours, not 80/20 yet (novice with system) but I wish to hell it was real money. Currently running at a ratio of about 5 wins to 2 losses,
simultaneously testing USDCAD on the same system - that looks good initially to.
would also be good money management if it was real money.

** note to self,,,,, 'Must remember to get a life one day.
Don't ask me, I have no idea what's going on.
  • #96
  • Sep 14, 2012 1:47pm Sep 14, 2012 1:47pm
Quoting V_s
A meethod based on indicators can not be sustainable simply because the market is not driven by indicators.
I agree with this above statement regarding how the market is driven, but do keep in mind that Fx-Pro does trade with the trend and uses price action in combination with the MA, thus increasing his probability/success rate.

He should not be forced to prove something that he is sharing on his own will, instead we should test and prove his system right or wrong. Just my opinion.
  • #97
  • Sep 14, 2012 1:48pm Sep 14, 2012 1:48pm
Hi there,
Your "System" works nice in the histrory. I hope it's gonna work live as well)). I'm sure it will.
If you do not mind I'll post some additions to you system. I will add enter alerts and MACD specially sharpened for two more currency pairs - USDCHF and EURUSD. I'll post screenshots as well. So, I need you agreement, Fx-Pro man!
  • #98
  • Sep 14, 2012 2:14pm Sep 14, 2012 2:14pm
Quoting Fx_Pipin
I agree with this above statement regarding how the market is driven, but do keep in mind that Fx-Pro does trade with the trend and uses price action in combination with the MA, thus increasing his probability/success rate.

He should not be forced to prove something that he is sharing on his own will, instead we should test and prove his system right or wrong. Just my opinion.
Great technique on pullbacks in the trend, however an account killer during chop... take any chop pair and veify it for yourself....
  • #99
  • Sep 14, 2012 2:24pm Sep 14, 2012 2:24pm
Quoting driven18
Great technique on pullbacks in the trend, however an account killer during chop... take any chop pair and veify it for yourself....
I agree and I am glad you understand that concept.

I hope you also understand that Fx-Pro mentions to trade the trend starting on post 1. He never mentioned that it works on a choppy markets or to trade choppy market.

In simpler words only trade when the market is trending and you will have great results. ( do not trade in choppy markets and your account wont die)


Happy trading a!!
  • #100
  • Sep 14, 2012 2:32pm Sep 14, 2012 2:32pm
Quoting FX-Pro

With this system I only trade AUD/USD for Now…. however you are welcome if you want to trade different pair & post your results here
First post in thread, qed.
Don't ask me, I have no idea what's going on.
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