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Simple Money Making Method

  • #141
  • Sep 16, 2012 8:53am Sep 16, 2012 8:53am
Finally after 2 years I've found a method that suits me!
simplicity always rocks...
hope to see more from you...

Thank you FX-Pro
  • #142
  • Sep 16, 2012 8:54am Sep 16, 2012 8:54am
Ok Here we go…

The Logic Behind this method….

 

  1. We are taking three days average as a main trend i.e... 72 EMA (1hr Each Bar = 72 Bars for three days) & will look for a trades on every pull back from the main trend. So we only trade in the direction of the trend

  1. The intraday trend 12EMA (1hr Each Bar = 12 Bars for the day) it will calculate the average over the past 12 hours and confirms that we are moving in the right direction for the day

  1. Finally The Price Action gives us the Trigger to enter the trade.


Hope this clears most of the confusion that you guys had in the weekend...

What Next....

Attached Image (click to enlarge)
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  • #143
  • Sep 16, 2012 8:56am Sep 16, 2012 8:56am
i agree with what you said fx-pro especially with these the important thing when trading Forex is to make money. NO! The important thing is to NOT LOSE money!

People didn't even try this method and already want to add few indicator.Almost every thread is like this ,instead of learning and listening the creator of the thread who is willing to teach us how to make money.8/10 winners are great are really good with these,and R:R is also good in many trades.

Fx-pro said that he move SL to BE after +20 pips so it can be good sometimes even in bad markets to avoid loss.It is system about PA,so you all have to learn about support and resistance and patterns and good MM to be succesfull in this bussiness.

Fx-pro also said that he will teach us with live trades step by step so LISTEN HIM,few days, months to see how this method can help you to make money or move on.

REGARDS!
Fx-pro i've sent you PM

  • #144
  • Sep 16, 2012 9:26am Sep 16, 2012 9:26am
This indy can help newbies without changing anything of fx-pro said to see better trend,entrys and candle patterns together.

Settings are 2,6,3,2.

It is acting like almost the same like 12 ema.

look picture 1.

keep it simple guys

look picture 2

Cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pa.gif Size: 60 KB
Click to Enlarge Name: ha smoothed.gif Size: 30 KB
Attached File(s)
File Type: ex4 Heiken Ashi Smoothed_v2.ex4   5 KB | 1,062 downloads
  • #145
  • Sep 16, 2012 9:50am Sep 16, 2012 9:50am
Quoting Zokynho
i agree with what you said fx-pro especially with these the important thing when trading Forex is to make money. NO! The important thing is to NOT LOSE money!

[left]People didn't even try this method and already want to add few indicator.Almost every thread is like this ,instead of learning and listening the creator of the thread who is willing to teach us how to make money.8/10 winners are great are really good with these,and R:R is also good in many trades.

Fx-pro said that he move SL to BE after +20 pips so it can be good...
Yes a few live trades step by step would make it clear as we move along
  • #146
  • Sep 16, 2012 10:02am Sep 16, 2012 10:02am
Quoting FX-Pro
Ok Here we go…

The Logic Behind this method….

 

  1. We are taking three days average as a main trend i.e... 72 EMA (1hr Each Bar = 72 Bars for three days) & will look for a trades on every pull back from the main trend. So we only trade in the direction of the trend

  1. The intraday trend 12EMA (1hr Each Bar = 12 Bars for the day) it will calculate the average over the past 12 hours and confirms that we are moving in the right direction for the day

[list=1][*][b]Finally The Price Action gives us the...



A very neat method. Does this 72/12 emas apply only for 1h charts, or it can be used for 4h and 1day also ??
  • #147
  • Sep 16, 2012 10:16am Sep 16, 2012 10:16am
Here is the update for next week….

A/U has reached a key area both on weekly & Daily….

The price has reached the roof of the down trend on the weekly chart.

The daily chart closed with an inverted hammer on Friday, good if this turns to be a shooting star...

Keeping this in mind we are going to apply our method & look for the potential trades….

Cheers,
FX-Pro
Attached Images
  • #148
  • Sep 16, 2012 10:20am Sep 16, 2012 10:20am
Quoting sifyforex
A very neat method. Does this 72/12 emas apply only for 1h charts, or it can be used for 4h and 1day also ??
this is applied on H1 with the logic of three days(72 Hrs) average as a main trend,

i never applied this on any other time frame...

Cheers,
FX-Pro
  • #149
  • Sep 16, 2012 10:20am Sep 16, 2012 10:20am
Quoting hullas
Yes a few live trades step by step would make it clear as we move along
Sure
  • #150
  • Sep 16, 2012 10:30am Sep 16, 2012 10:30am
Checklist Before entering a Trade.

Any Trade should have strong reasons to enter, so ask yourself for reasons, depending on your reasons your confidence level will increase to enter the trade,

Always Plan your trade & Trade according to your plan…

Define your risk before entering the trade

Take a glance of the bigger picture i.e. higher time frame

Ensure no red news on the pair

Ensure to trade the trend not against

Check for good momentum

Look for the candlestick pattern

Most importantly, keep your emotion in control

& finally enter the trade with the positive/winning attitude!

Good Luck to All
FX-Pro
  • #151
  • Sep 16, 2012 10:36am Sep 16, 2012 10:36am
Quoting vinze87
Pretty good profit on this trade! But why did you decide to close it now? There wasn't candle bar closing under the EMA12.

Thank you for all, we listen to you!
Yeh.. that was a good trade,

My First post chart on this thread shows that i was looking for this trade & i took it...

I closed this one with 111 pips as it reached the RN & i was hurry in going out for the weekend..

Cheers...
FX-Pro
  • #152
  • Sep 16, 2012 10:44am Sep 16, 2012 10:44am
is this a call for SHORT ?

Quoting FX-Pro
Here is the update for next week….

A/U has reached a key area both on weekly & Daily….

The price has reached the roof of the down trend on the weekly chart.

The daily chart closed with an inverted hammer on Friday, good if this turns to be a shooting star...

Keeping this in mind we are going to apply our method & look for the potential trades….

Cheers,
FX-Pro
  • #153
  • Sep 16, 2012 10:47am Sep 16, 2012 10:47am
Quoting FX-Pro
Time Frame…

1H

Indicators I Use

• HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
• 72 EMA Closed – Average trend of three days (24*3)
• 12 EMA Closed – Average trend of the day (1*12)
• Supply/Demand – Place the Support/Resistance When You See them
• Round Number - Physiological Level is a market sentiment / a key level to watch
This is quite similar to the way I trade. I believe it is one of the most powerful trading methods that you can find in this FF.

Mine is even simpler -- No heikinashi and only one EMA (200). But I swift TF between 1H and 4H to find more obvious entry points. Also I use my "hunch" a lot -- I mean I don't enter as much as I'm supposed to. In other words, if I don't like the size of candle (too small or too big), I don't enter. If I don't like the congestion/consolidation, I don't enter. If it is big news Fridays, I don't enter. and so on.

Anyway, congratulations on this great thread!
  • #154
  • Sep 16, 2012 10:59am Sep 16, 2012 10:59am
Quoting trexy123
is this a call for SHORT ?
Not necessarily, the Real-Time Will tell you what to do... however the short looks more obvious... lets see.

FX-Pro
  • #155
  • Sep 16, 2012 11:04am Sep 16, 2012 11:04am
Quoting Forexgogo
This is quite similar to the way I trade. I believe it is one of the most powerful trading methods that you can find in this FF.

Mine is even simpler -- No heikinashi and only one EMA (200). But I swift TF between 1H and 4H to find more obvious entry points. Also I use my "hunch" a lot -- I mean I don't enter as much as I'm supposed to. In other words, if I don't like the size of candle (too small or too big), I don't enter. If I don't like the congestion/consolidation, I don't enter. If it is big news Fridays, I don't enter. and so on.

Anyway,...
Nice to know you trade the similar method....

Its just that we are moving along with the major crowed, meaning most of the traders look for these areas to enter so we are taking advantage on that....

Yes candle size matters especially if it is a reversal pattern we need to watch out...

any ways all the very best,
FX-Pro
  • #156
  • Sep 16, 2012 11:08am Sep 16, 2012 11:08am
Ok Guys, its time to have some real life....

May god bless each & every one of us...

Catch you all next week...

Take Care...
Night Night...
  • #157
  • Sep 16, 2012 3:57pm Sep 16, 2012 3:57pm
Quoting dsperry
Does anyone know what this indicator is?
'Think most likely it's the MTF_Forex_Freedom_Bar although doubtless there are a number of variants.

It's a useful tool and can be downloaded freely elsewhere in these forums.
Don't ask me, I have no idea what's going on.
  • #158
  • Sep 16, 2012 8:48pm Sep 16, 2012 8:48pm
Hi ya FX Pro..

Could you please put a couple of chart examples when you get a chance of when you would take the first trade after the Ema's have crossed over giving a different direction in trend...showing the first entry you would take also where you would place your stop?..

Thanks for any help on this

Cheers,
Adrian
  • #159
  • Sep 16, 2012 9:13pm Sep 16, 2012 9:13pm
Hi ya FX-Pro..

Sorry could I just go back to this post again http://www.forexfactory.com/showthread.php?p=6008914#post6008914
you said second and last were valid, could you explain why the others weren't?..I can see maybe 3rd and 5th trades not being tradable because stops were to wide, but could you please explain them individually why they weren't valid trades..

Sorry for the hassle but would help a lot in understanding the entries at these junctures in price..

Cheers,
Adrian
  • #160
  • Sep 16, 2012 10:14pm Sep 16, 2012 10:14pm
Disclaimer

Any trade setup/analysis/comments made by myself or any other person on this thread are not responsible for your Live Trades, as a trader it is your responsibility to decide what information to use and what to disregard and you do so at your own risk.

Any live trading you do, you are doing at your own discretion and risk!

SO Guys... Please Practice this method on DEMO, once you get used to it, then you can put in your real money....

Thanks:-
FX-Pro

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