Simple Money Making Method

Thank-you Adrian for your welcome. I woke up this morning thinking "after all my intensive studying I'm now exited about a system using 2 moving averages?!?!!" I think FX-pro has duped us somehow. But no! Now it is no longer "can't see the forest for the trees" but see something clearly. Got nice buy on AUDUSD at BE and watched the USD without playing -- protecting my capital ha ha. One proverb that doesn't apply to forex is enjoying the journey -- no way, I'm glad to have arrived!
Thanks, James.

Hey James..

Glad your happy with it

Yep sure is a nice simple/clear system..just make sure you keep an eye out for the trouble areas and use PA with good solid bars..

Throw some charts up when you can winners or losers great for speeding up yours and our learning

good, but u already have buy 'signal' there in 1.04295, why wait

Dissection time. Let's see if this works..

Hi everybody,

Special tanks to FX-Pro for sharing this great strategy.

My question is, are there any accurate setting for other pairs?
I mean ema 12 and 72 are for AUD/USD, what are the best EMAs for other pairs?

Cheers

hinnavaru
call on God but row away from rocks

usdjpy

Hi I too have taken the same trade as yourself with a small stake my only reservation is the momentum is not on our side and the 24 was not hit in 1 bar but 2 but it was the first hit of the 72 after a crossover hence small stake lets see how it goes .....

I hope this is clear:

no offence. this isnt a valid trade as system criterion although its a good trade as breakout trendline.

It's mean we will expect the price retrace again near ema72 before entry?

Good Morning Guys....

Looking for trade here...

All the Best
FX-Pro

Looking for trade on G/U Here...

Good evening everyone!
My live trades
Long UCAD 9750 2lots
Long Ucad 9736 1lot

These are my personal trades that have no relation to this system.

On A/U....

No offence taken, please enlighten me. I realize we all see things differently and sometimes with good imagination still can't see what others see plainly. I don't see that trendline as very significant as it only joins two points.
What have I missed?
Trade presently stalled or as Jesse Livermore would say, waterlogged.

Good morning all. I am posting my CadJpy analisys. Thanks for your comments.

H1: Price and 12ema broke 72ema 2 days ago. Now this is its first retracement to 72ema. Major LowerLows, minor HigherHigs. Maybe a double bottom.
H4: Price making Major HHs, minor LLs. 72ema holding Price.

PLAN: If we see a strong momentum candle that breaks 4h 72ema and H1 12ema short with 30pip SL. If it breaks RN-80.00 let it go, or close all.

Hi Jamz

You have not read the chart correctly as johntan pointed out what you have done is not a valid trade.

11 bars prior to the last one of your chart is where there was a bounce off the 72 ema and at this stage we had a prior cross of the 72 and 12 emas and we are looking for a potential SHORT trade. After the bounce off the 72ema we are waiting for the price to close through the 12 ema and observe the momentum and the type of candle that goes with that action.

The rules for Entry are set out in Post 1 on the First Page of this thread.


Entry :-

• Look for a Reject from 72 EMA
• Enter after the price closed above/Below the 12 EMA
• The entry Candlestick should be one single bar rejecting from 72 EMA & Closing Below/Above 12EMA & should be a Pinbar, Marubozu, Engulfing Pattern… Etc



As you can see, Price did NOT go down after the "bounce" and close below the 12 ema and so there was no SHORT trade.

The 12 and 72 ema's have just crossed again in the past 2 hours which signals the first stage of a potential LONG trade set-up, but it is very early days to know whether a trade will eventuate.

The system is one of patience. You waited 17 hours before price arrived at the 72ema after the initial crossover and then again you wait again to see if price will cross down and close below the 12 ema.

Remember, in Post #2 FX-Pro said

"I take 12 to 16 Trades a month"

so we know that is an average of less than one a day over a trading month.


I hope this explains it for you.


Di

pls refer to post 553, fx-pro did attached the chart with highlight clear the possible long entry.

General Observations

Corelation pairs showing contradictory signals... you guys have to watch carefully & look for the best setup...

For Example:-

A/U Showing Buy & EU Showing Sell Oppertinuties.

Good Luck to All

FX-Pro

Folks,

I guess we have to consolidate all the rules & examples together, as it is scattered on the thread, the newbies are finding difficult to go through it....

Let see if i find time today....

FX-Pro

what about EU? I think everyone is waiting for the momentum with London open.