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Simple Money Making Method

  • #281
  • Sep 18, 2012 10:30am Sep 18, 2012 10:30am
Quoting Ramjet
Yoh Davit..

Sweet!, thanks for the trade ideas

This indicator looks lush!..Big thanks for this..

Hope your raking in the pips..and if you are send some my way
Sure bro.Just be conservative like FX says and you will do fine.He trades 16-20 trades a month.That is very conservative.
Pay attention to GBP/JPY PA can't break 128.Once hits 128 I will be shorting that depending how cable is doing.
Expensive pair however when it nose dives it can go 50-100 pips in less then an hour.
In trading, you have to be defensive and aggressive at the same time
  • #282
  • Sep 18, 2012 10:34am Sep 18, 2012 10:34am
Potential set up which I have a pending buy at 9735 on Ucad
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 24 KB
In trading, you have to be defensive and aggressive at the same time
  • #283
  • Sep 18, 2012 10:41am Sep 18, 2012 10:41am
Quoting Davit
Sure bro.Just be conservative like FX says and you will do fine.He trades 16-20 trades a month.That is very conservative.
Pay attention to GBP/JPY PA can't break 128.Once hits 128 I will be shorting that depending how cable is doing.
Expensive pair however when it nose dives it can go 50-100 pips in less then an hour.
Hey cool...thanks for pointing that pair out for me..

Just wondering what broker are you using as I'm getting a 2.7spread on that through Oanda..
  • #284
  • Sep 18, 2012 10:44am Sep 18, 2012 10:44am
Folks...

EU is finding difficult to move further down... if we see a reject in Price action we can go long... else we have to wait for the short on the pull back...


Good Stuff.
FX-Pro
Attached Image
  • #285
  • Sep 18, 2012 10:48am Sep 18, 2012 10:48am
Quoting Davit
Good morning brother

This is what I believe he does.
Good Contribution...

Thanks a lot...
FX-Pro
  • #286
  • Sep 18, 2012 10:53am Sep 18, 2012 10:53am
Quoting Ramjet
Hi ya FX..

I've been meaning to ask you a couple of questions...

How do you go about looking for trades?..I mean do you check the charts every hour, and if the Aud/Usd is way off giving any signals do you check back the next day or every 4hrs??

Cheers,
Adrian
I've set an alarm on my mobile which beeps every hr to remind my trade/market price(AUD) except when i go to sleep, & thats it...

Cheers,
FX-Pro
  • #287
  • Sep 18, 2012 10:56am Sep 18, 2012 10:56am
Quoting Ramjet
Hey cool...thanks for pointing that pair out for me..

Just wondering what broker are you using as I'm getting a 2.7spread on that through Oanda..
I am using MB trading.They are charging 4pips however 1pip Euro 2pip Cable 2pip Cad and Aussie.That is 4 pairs I trade only.I don't even look at others.
MB is free ECN.Free Stops so I am happy with them.
In trading, you have to be defensive and aggressive at the same time
  • #288
  • Sep 18, 2012 10:57am Sep 18, 2012 10:57am
Quoting FX-Pro
I've set an alarm on my mobile which beeps every hr to remind my trade/market price(AUD) except when i go to sleep, & thats it...

Cheers,
FX-Pro
Cool!, is that alarm set off through your trading software on your mobile or different app altogether?..
  • #289
  • Sep 18, 2012 11:03am Sep 18, 2012 11:03am
Quoting Davit
I am using MB trading.They are charging 4pips however 1pip Euro 2pip Cable 2pip Cad and Aussie.That is 4 pairs I trade only.I don't even look at others.
MB is free ECN.Free Stops so I am happy with them.
Cheers, I was looking at them before but I thought they were a bit limited on instruments to trade..
woow!!...E/$, £/$, Cad/$ and Aud/$ is all you trade..I actually thought you were trading a big mix of pairs....Doing it that way do you think you have managed a higher success rate with your trades due to being only focused on those 4pairs??
  • #290
  • Sep 18, 2012 11:07am Sep 18, 2012 11:07am
Hey Everyone..

Has any one got an indicator that we can use in MT4 to drag the stops and targets along on the screen as it's tedious clicking in and out adjusting it manually at times..I know, I know I'm being lazy!

Cheers,
Adrian
  • #291
  • Sep 18, 2012 11:07am Sep 18, 2012 11:07am
Quoting FX-Pro
This is not exactly a pull back entry...but it shows nice HH & HL... more over you should have looked at this resistance zone as well... never mind... please move your SL... & keep your fingers crossed...

All the best.
FX-Pro
Hey Ramjet... Do you see an entry here...

This is what i look for on every trade... (A clear pull back) this will come through patience...

Can enter a long on the close of the price above 12EMA...

Good Luck...
FX-Pro
Attached Image
  • #292
  • Sep 18, 2012 11:40am Sep 18, 2012 11:40am
Quoting Ramjet
Cheers, I was looking at them before but I thought they were a bit limited on instruments to trade..
woow!!...E/$, £/$, Cad/$ and Aud/$ is all you trade..I actually thought you were trading a big mix of pairs....Doing it that way do you think you have managed a higher success rate with your trades due to being only focused on those 4pairs??
I think 4 even too much.For beginning 1 or 2 max.Reason is it takes time to get a feeling of the pair and understand its "personality"
You can't do that if your attention is scattered everywhere.Some traders only trade 1 currency and still make good returns.
I already have metal images of S/R levels of the pairs I trade....Less is more.
In trading, you have to be defensive and aggressive at the same time
  • #293
  • Sep 18, 2012 11:42am Sep 18, 2012 11:42am
Quoting Davit
I think 4 even too much.For beginning 1 or 2 max.Reason is it takes time to get a feeling of the pair and understand its "personality"
You can't do that if your attention is scattered everywhere.Some traders only trade 1 currency and still make good returns.
I already have metal images of S/R levels of the pairs I trade....Less is more.
Agree With You...

Cheers,
FX-Pro
  • #294
  • Sep 18, 2012 12:00pm Sep 18, 2012 12:00pm
Great simple price action trading style you have here FxPro . Don`t come here very often but I appreciate what works and you have found it . Hopefully the EA and indicators crowd can be held at bay . As far as what
pairs to trade I would suggest no more than four and then only those that have a decent chance of moving once you`re in the trade . I keep an eye on --EURUSD , GBPUSD , AUDUSD , NZUSD . USDCHF often moves the
opposite direction to EURUSD but not always so its a more cautious trade
Thanks for taking the time to start this thread . I will contribute when I can .
cheers
  • #295
  • Sep 18, 2012 12:03pm Sep 18, 2012 12:03pm
hi every body and thanks fx for nice thread

I have question in pic
what about round number indi in auusd chart?
Attached Image (click to enlarge)
Click to Enlarge Name: au sm3.gif Size: 26 KB
  • #296
  • Sep 18, 2012 12:06pm Sep 18, 2012 12:06pm
Quoting steel777
Great simple price action trading style you have here FxPro . Don`t come here very often but I appreciate what works and you have found it . Hopefully the EA and indicators crowd can be held at bay . As far as what
pairs to trade I would suggest no more than four and then only those that have a decent chance of moving once you`re in the trade . I keep an eye on --EURUSD , GBPUSD , AUDUSD , NZUSD . USDCHF often moves the
opposite direction to EURUSD but not always so its a more cautious trade
Thanks for taking the time to start this thread ....
Welcome to the thread...

Hope your contributions will help all the newbies...

Appreciate your help,
FX-Pro
  • #297
  • Sep 18, 2012 12:09pm Sep 18, 2012 12:09pm
My pending buy on Cad 9735 is still not hit.PA hovering at 40.
I have another pending buy at 9715.Hopefully Dudley can retrace down.
In trading, you have to be defensive and aggressive at the same time
  • #298
  • Sep 18, 2012 12:12pm Sep 18, 2012 12:12pm
Quoting davidtrader
hi every body and thanks fx for nice thread

I have question in pic
what about round number indi in auusd chart?
Yes this is a classic Entry, but i havent traded this pair(XAU/USD), moreover this takes 70 Pips SL, which i'm not ready for....

FX-Pro
  • #299
  • Sep 18, 2012 12:25pm Sep 18, 2012 12:25pm
FX -Pro
I also like to thank you for this thread and your efforts.This is the only thread here I enjoy posting.
Don't like Christmas tree charts either.

To Ramjet
Think of trading like cooking.To make one successful dish requires thoughtful knowledge of the ingredients and proper usage.
Make one stunning dish instead of 10 mediocre ones.Focus on 1 pair and write down things that matter about it.
Questions like
Why is oil price effects Canadian dollar
How does China economy specially exports effect Aussie dollar
etc.These kind of inquires will help you get a better understanding of the pair.
In trading, you have to be defensive and aggressive at the same time
  • #300
  • Sep 18, 2012 12:46pm Sep 18, 2012 12:46pm
I've attached a screenshot of AUD/USD with EMA12, EMA72 and EMA200. Taking into consideration the fact that we are on a downtrend, what would trigger a valid short entry? My mind is ready to blow. Anything that could help me out with that?

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-09-18 at 8.41.21 PM.png Size: 46 KB
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