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Simple Money Making Method

  • #661
  • Sep 24, 2012 7:10pm Sep 24, 2012 7:10pm
Quoting Davit
Guys pay keen attention to USD/CAD 9783 now. I have placed limit buy at 9750 if Price drops that far.

Looking at 4h and daily I think you are right. But could go much deeper than 9750. Double top on the 4hr and if the ma's don't hold it 9730 is next support, then the RN. The daily chart is on a trend to see 9500's if the $$ continues to weaken. Did I say IF?!?!? =^D
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9-24-12 us cad 4h.gif Size: 32 KB
Click to Enlarge Name: 9-24-12 us cad d 23=20.gif Size: 32 KB
Yeoman the "Tough Luck" Trader =p
  • #662
  • Sep 24, 2012 9:20pm Sep 24, 2012 9:20pm
AU "possible short" by next hour(s) if there is rejection of ema.
Attached Image
patient....
  • #663
  • Sep 24, 2012 9:25pm Sep 24, 2012 9:25pm
It broke a pretty hard resistance point , dont; hold your breath on that one. I might look at 57/
  • #664
  • Sep 24, 2012 10:32pm Sep 24, 2012 10:32pm
Lots hap'nin on lotsa charts tonight/morning.

AU/NZ 4h looks ready to short

GB/US daily looks ready to short

EU/US short

My EU/GB short is still languishing. Its gotta move up or down eventually.....Right?

For any entry always look for a hold or break of R/S with candle stick pattern confirmation. Ma's for additional confirmation and setting SL & TP.

FWIW here's the templates for my charts.

Day job calls tomorrow so I'm hittin the sack.
Attached File(s)
File Type: tpl ma's + moutekiheart.tpl   4 KB | 427 downloads
File Type: tpl ma's + floating channel.tpl   4 KB | 400 downloads
Yeoman the "Tough Luck" Trader =p
  • #665
  • Sep 24, 2012 10:51pm Sep 24, 2012 10:51pm
Quoting johntan
AU "possible short" by next hour(s) if there is rejection of ema.
ya, waiting for the candle close. Looks like short candle..
  • #666
  • Sep 24, 2012 11:01pm Sep 24, 2012 11:01pm
Quoting chyihuei
ya, waiting for the candle close. Looks like short candle..
it's a bearish hirami. but didnt see it penetrating 12 ema.
if u r taking this short trade, probably tp lying at RN 1.0400.
p/s: i didnt taking a single trade, jz observing.

another option is wait for better bearish candle which rejecting 72 ema and closed below 12 ema at later hour(s).
patient....
  • #667
  • Sep 24, 2012 11:31pm Sep 24, 2012 11:31pm
Hi Johntan,
I took the same trade yesterday, TP near to 1.04 . triggered my entry at 1.0434..
Let see will it test again to this RN.


Quoting johntan
it's a bearish hirami. but didnt see it penetrating 12 ema.
if u r taking this short trade, probably tp lying at RN 1.0400.
p/s: i didnt taking a single trade, jz observing.

another option is wait for better bearish candle which rejecting 72 ema and closed below 12 ema at later hour(s).
  • #668
  • Edited 11:54pm Sep 24, 2012 11:41pm | Edited 11:54pm
Placed Sell limit at 2950 . I use 50EMA not 72.Same concept.
Notice how 2950 lines up with 50EMA perfectly.Another reason I love around numbers.Natural psychological zone.Price under 200EMA (blue line) TP 2900
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 24 KB
In trading, you have to be defensive and aggressive at the same time
  • #669
  • Sep 25, 2012 12:29am Sep 25, 2012 12:29am
Is it any one try to use this system with different currency please give us result
  • #670
  • Sep 25, 2012 12:48am Sep 25, 2012 12:48am
Good morning folks,

Just a small glance on the thread before rushing up to work….

good posts/setups nice to see

So far so good

Cheers,
FX-Pro
  • #671
  • Sep 25, 2012 12:58am Sep 25, 2012 12:58am
Quoting Davit
Placed Sell limit at 2950 . I use 50EMA not 72.Same concept.
Notice how 2950 lines up with 50EMA perfectly.Another reason I love around numbers.Natural psychological zone.Price under 200EMA (blue line) TP 2900

Good Job Davit....

This is what i expect from every one on the thread... just fine-tune the MA Which suits you the best, like davit he just took 50EMA as a main trend, which means he is taking shorter trend(2 Days) to look for more trade(Confirmed trades) but never change the basic concept of SM3 which should be a pull back with a bounce/reject of the main trend..... rest will be in place automatically...

Cheers,
FX-Pro
  • #672
  • Sep 25, 2012 1:17am Sep 25, 2012 1:17am
Ok guys... its time for my day job.... see you guys later... probably US-Open...

Take Care,

Cheers,
FX-Pro
  • #673
  • Sep 25, 2012 3:44am Sep 25, 2012 3:44am
It's sell AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: StreamingServer.gif Size: 23 KB
  • #674
  • Sep 25, 2012 4:27am Sep 25, 2012 4:27am
Quoting Yeoman
Lots hap'nin on lotsa charts tonight/morning.

AU/NZ 4h looks ready to short

GB/US daily looks ready to short

EU/US short

My EU/GB short is still languishing. Its gotta move up or down eventually.....Right?

For any entry always look for a hold or break of R/S with candle stick pattern confirmation. Ma's for additional confirmation and setting SL & TP.

FWIW here's the templates for my charts.

Day job calls tomorrow so I'm hittin the sack.
Thank you very much!

Maybe you could also attach your MMA setup in your templates?

Thank you,
Akis
  • #675
  • Sep 25, 2012 4:34am Sep 25, 2012 4:34am
Quoting matu1
It's sell AUDUSD

Yes im on it, just waiting for more move down
  • #676
  • Sep 25, 2012 4:39am Sep 25, 2012 4:39am
Quoting Agoronaoka
Yes im on it, just waiting for more move down
down may be rapid, and the setup is already there
  • #677
  • Sep 25, 2012 4:41am Sep 25, 2012 4:41am
Quoting matu1
It's sell AUDUSD


yes im on it,
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot_2012-09-25_103905oooo.png Size: 47 KB
  • #678
  • Sep 25, 2012 4:50am Sep 25, 2012 4:50am
Quoting matu1
It's sell AUDUSD

4hr chart is also given setting for short, so we may have a long thrend if posible,
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot_2012-09-25_104946 4444.png Size: 79 KB
  • #679
  • Sep 25, 2012 4:55am Sep 25, 2012 4:55am
i see it too we cant all be wrong
  • #680
  • Sep 25, 2012 5:12am Sep 25, 2012 5:12am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
No you are all right it just took an hour or so to get into gear.....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Tuesday.jpg Size: 77 KB
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