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Simple Money Making Method

  • #621
  • Edited 11:52pm Sep 23, 2012 7:46pm | Edited 11:52pm
Quoting sfurqan
As a newbie, i do appreciate for posting information & ways which definitely help out to new comers.. but many of the info is going up from the head.. hope to catch it soon as i can after doing trade..
Hey Sfurqan..

Welcome ..

Not to worry..trading is a long term process not learnt in a day, some take months some take years to get it..just go at your own pace..

Just read FX-Pro's first post for system rules and then read all of his posts over and over again till you get it..any questions throw them up here as every one would be glad to help I'm sure..

Slow and steady..you can do it!!

Cheers,
Adrian
  • #622
  • Sep 23, 2012 8:04pm Sep 23, 2012 8:04pm
Quoting cluster
ok cool. . I'll do that on the side with a demo. . but i'm doin good on 1hr. (live account) . just sucks sometimes i can't stay long hrs front of screen. . anyways.. thank you.
Hey Cluster,

Yes, you could use this on the higher TF's..

Just bring up a larger TF chart and circle the areas that look good and see what went into them to create this move, like in the the earlier post if you know Support and Resistance and PA with Trend that would have helped you to get in on some of these good moves..

Just a few changes required:
Make sure you don't just choose any pair as some are to choppy and best avoided, so just follow the Pairs recommended at the moment, Aus/USD, Nzd/Usd, Eur/Usd are a good start..
Remember with higher TF's your going to be using larger stops..
Test, Test, Test and fine tune it for your personality as you might add an extra filter to the chart or remove 1 of the indicators to suit your personality..

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Aus-Usd.png Size: 21 KB
  • #623
  • Sep 23, 2012 8:36pm Sep 23, 2012 8:36pm
Quoting Ramjet
Hey Special4X..



.....I wouldn't be just taking every reversal off the 72ema and then cross back over the 12ema with a close as sometimes it's happening in a strong support or resistance area so you could be fighting a stronger element than an indicator and the price could then turn against you....also use the higher TF's to see where the price is heading and try and be on the right side of the price, follow the trend and make it line up with FX-Pro's system..

Newbies please take note of what Davit said as he is only trying to do...
emphasis added by me.
Newbies please take note of what Adrian has said here also!!!
Ditto ditto ditto
Yeoman the "Tough Luck" Trader =p
  • #624
  • Sep 23, 2012 8:45pm Sep 23, 2012 8:45pm
Quoting Yeoman
emphasis added by me.
Newbies please take note of what Adrian has said here also!!!
Ditto ditto ditto
Hey Yeoman..

Hope your doing well, and with this system and raking in all those pips!
ka ching! ka ching!
  • #625
  • Sep 23, 2012 8:52pm Sep 23, 2012 8:52pm
Quoting Yeoman
Long trade possibly in the works on Aussie. But also completion of the head n' shoulder would indicate a short and a continuation to the bottom of the channel plays into that scenario.

Time always tells.

Head n Shoulders completed and price moving down w/ strong dollar move.

See chart posted friday
Yeoman the "Tough Luck" Trader =p
  • #626
  • Sep 23, 2012 9:37pm Sep 23, 2012 9:37pm
Still in my short on this pair. The $$ is quite strong out of the gate this week as expected but that little bit of bad news on the pound isn't helping my trade. (see charts posted Fri.) Still trying to break down out of this 7970 range and 8000 still strong resistance.
Yeoman the "Tough Luck" Trader =p
  • #627
  • Sep 23, 2012 10:55pm Sep 23, 2012 10:55pm
This short may be good for 30-50 pips. The daily chart is rather bullish, but this could be the reversal of that trend. Seems like lots of EU negative bias out there. On the 4hr chart a break of climbing support would open up another short. If that support hold it's a good price to go long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9-23-12 eu au setup.gif Size: 34 KB
Click to Enlarge Name: 9-23-12 eu au 4hr.gif Size: 27 KB
Click to Enlarge Name: 9-23-12 eu au daily.gif Size: 31 KB
Yeoman the "Tough Luck" Trader =p
  • #628
  • Sep 23, 2012 11:36pm Sep 23, 2012 11:36pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
Yeoman EU AU short
Hi Yoeman,
It is difficult to see which is the 72 and 12 ema on your chart. I guess the blue is 72 and green the 12?
At least the euraud had a double rejection off the 72 on the 1hour tf. It was hard not to make a trade with the correlated pairs like the aud and nzd and the euro but they may present a setup later on. No need to rush........
Happy Trading,
James.
  • #629
  • Edited Sep 24, 2012 10:57am Sep 23, 2012 11:58pm | Edited Sep 24, 2012 10:57am
Hi everyone.
Took a short on GU Green line is my "watch" target line.If it breaks 200EMA then I will let it ride to 6150 again watch 6150 if breaks 61 could be a potential target.This is risky trade as London could decide to go long.
Closed my trade +40 pips.

Just an interesting observation to self that could be useful to others.

Instead of 10-15 average,below average trades take one great trade and compound it only if it breaks major S/R level.
Right now to me is a indecisive market confused to go up or down hence don't force trades.Wait for "super" trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
In trading, you have to be defensive and aggressive at the same time
  • #630
  • Sep 24, 2012 12:14am Sep 24, 2012 12:14am
Hi Jamz,

My charts are a little more cluttered than FX's. And my ma's are not Ema's, but mma's except for the Blue is Lwma.

Green = 12 mma
Red = 50 mma
Rainbow = 72 mma
Blue = 120 Lwma

The 72 Ema falls between the rainbow and the 120.
so I look for price to bounce from anywhere in the zone from the rainbow to the 120 back across the 50-12 zone. And that needs to jive with a break or hold of R/S lines which is most important to my decision to enter.

And the rainbow is also a trend indicator as the colors flip.
Yeoman the "Tough Luck" Trader =p
  • #631
  • Sep 24, 2012 12:27am Sep 24, 2012 12:27am
I am going to share a method I use which help develop Day bias.
I consider NY close at 5pm as New day.At 5pm I record the price and I give 3-5 hrs to see which way Price is moving.I noticed generally but not always Asian bias is carried over to London.What this means by the time London opens you could be 20+pips in the right direction already.
I am going to include simple indicator which draws horizontal line for price (Time is adjustable to reflect your trading zone)
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 439 downloads
In trading, you have to be defensive and aggressive at the same time
  • #632
  • Sep 24, 2012 3:41am Sep 24, 2012 3:41am
Hi guys,

Any advise for AU pair ? I'm shorting from 1.04353 ..
  • #633
  • Sep 24, 2012 4:28am Sep 24, 2012 4:28am
Quoting chyihuei
Hi guys,

Any advise for AU pair ? I'm shorting from 1.04353 ..
30+ in profit now. =^D
Start watching lower time frames for reversal, but a close below 400 opens up the previous low.


P.S. That Hammer + at the bottom of the channel makes reversal very possible.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-24-12 audusd 4h.gif Size: 35 KB
Yeoman the "Tough Luck" Trader =p
  • #634
  • Sep 24, 2012 4:47am Sep 24, 2012 4:47am
Hi Yeoman,
noted with thanks. The price started reversal on TF 15mins..

I will adjust my SL near to 12EMA. in case of any sudden price reversal.



Thanks!


Quoting Yeoman
30+ in profit now. =^D
Start watching lower time frames for reversal, but a close below 400 opens up the previous low.


P.S. That Hammer + at the bottom of the channel makes reversal very possible.
  • #635
  • Sep 24, 2012 4:48am Sep 24, 2012 4:48am
Quoting Yeoman
30+ in profit now. =^D
Start watching lower time frames for reversal, but a close below 400 opens up the previous low.


P.S. That Hammer + at the bottom of the channel makes reversal very possible.
Hi Yeoman

I was liking that earlier, but it's dropping down near the MA200 on the daily which - for me - put it on hold for the moment, I'm looking at it on my M15-H1 system with a view to taking a bit off it soon.
I think it's been my favourite pair for months now.
Don't ask me, I have no idea what's going on.
  • #636
  • Sep 24, 2012 5:44am Sep 24, 2012 5:44am
With the EU's weak weekly start, it might be time to short this back near the floor with buy limit waiting for SNB to make another injection.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-24-12 eur chf d.gif Size: 26 KB
Yeoman the "Tough Luck" Trader =p
  • #637
  • Sep 24, 2012 6:56am Sep 24, 2012 6:56am
Quoting Yeoman
30+ in profit now. =^D
Start watching lower time frames for reversal, but a close below 400 opens up the previous low.


P.S. That Hammer + at the bottom of the channel makes reversal very possible.
Looks like Yeoman rocking...

Excellent results... good start for the week....

Keep it up

Regards,
FX-Pro
  • #638
  • Sep 24, 2012 7:14am Sep 24, 2012 7:14am
Dear Folks,

Since last Tuesday no signal on A/U Except for the one circled on the chart... which gave 65 Pips...

A/U Is getting bounced between the RN 1.0400 & 1.0500... & This is how it filter the trade when market moves on sideways...

So if we are in the market we are in a good trend, else no trend... as simple as that...

hope this gives a live picture of what happens when market moves in sideways....

PA+Trend+S/R = High Potential trade if not NO TRADE....

Cheers
FX-Pro
Attached Image (click to enlarge)
Click to Enlarge Name: Ex.png Size: 19 KB
  • #639
  • Sep 24, 2012 7:38am Sep 24, 2012 7:38am
Quoting FX-Pro
Looks like Yeoman rocking...

Excellent results... good start for the week....

Keep it up

Regards,
FX-Pro
That was in reference to a ? on someone elses trade. =^)

My EUR/GBP short is doing well though. Thx!
Yeoman the "Tough Luck" Trader =p
  • #640
  • Sep 24, 2012 7:40am Sep 24, 2012 7:40am
Dear Folks,

Zig Zag market can make good pips(Not with this method) but just with the price action... if you know the Roof & The floor... yes don't want to confuse you guys for now... may be in future...

Thanks,
FX-Pro
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