DislikedThat was in reference to a ? on someone elses trade. =^)
My EUR/GBP short is doing well though. Thx!Ignored
FX-Pro
Making Money is Extremely Simple 38 replies
bo7a method... method for GBP/JPY 205 replies
Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies
SIMPLE EA for a simple method needed!! 1 reply
Simple trading method 49 replies
Dislikedidid looklike a buy for a little but possibnly a sell but not yet and even if it is its only for 40 pips maxIgnored
DislikedJust 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.
FX-Pro already mentioned that he takes 16-20 trades a Month!!!! I respect that.That shows discretion.More picky you are the better.
I usually like to find reasons Not to take a trade then reasons for taking.If overwhelming components line up...Ignored
Dislikedyes you are very right! also the market does seem confused which way it goes, but i wait for it to cross the moving averageIgnored
DislikedWhat are your results for today with Simple Money Making Method System ? Profit/Loss ? We had nice fluctuation today on low TimeFramesIgnored
DislikedGuys Never underestimate the simplicity.....
I take 12 to 16 Trades a month with a minimum of 50 Pips & a Max Of 150 pips per Trade...
we have a re-entry setup as well, which will be discussed later...
Another advantage of this method is that, it avoids Over trading.... i was known for over trading when i was a newbie...
Cheers
FX-ProIgnored
DislikedHey Traders,
Made it to my daughter's college and taking a lunch break before heading home. Thanks to all the many restaurants providing free wifi these days.
Davit, did you bank the pips on your Cable short or are you looking for it to go deeper? Your dip took a bite out of my EU Cable short. =^p But 7975 seems to as good a R as it was S. So I'm still hold my short for now.Ignored
DislikedLately I have been thinking about how to improve this system.
To me only "weakness" is its very conservative. 72EMA is rather slow in the bounce.
Basic concept of this system is bounce from 72EMA towards dominate trend.I simply replaced 72EMA with 50EMA and found bounces more frequent and more clear.
Orange line is 50EMA
Yellow 72EMA
Blue 200EMA (which should be part of this system as a floating S/R level)
Notice how 72 missed quite many great set ups but 50 hit it bulls eye.
Your comments are welcome.Ignored