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Simple Money Making Method

  • #681
  • Sep 25, 2012 5:18am Sep 25, 2012 5:18am
Quoting Jamz
No you are all right it just took an hour or so to get into gear.....
its so slow today
  • #682
  • Sep 25, 2012 6:25am Sep 25, 2012 6:25am
i wonder whats happening?
  • #683
  • Sep 25, 2012 6:47am Sep 25, 2012 6:47am
Good Job Guys,

You Guys are absolutely doing well, & did exactly what I look for... it’s just that the market is not moving at all...

From morning it’s just moved 18 Pips north & south which we can’t help.... so no worries....

Hope you guys got at least BE on these trades.... some time its wise to close the trade soon as you see an indecision bar like the one on the chart...

Good to see all are trying to master the setups….

Cheers,
FX-Pro
Attached Image
  • #684
  • Sep 25, 2012 6:52am Sep 25, 2012 6:52am
it clearly was stated by the ema rejection to down low but what happend?
Attached Image (click to enlarge)
Click to Enlarge Name: aud 25 sept 2.gif Size: 18 KB
  • #685
  • Sep 25, 2012 7:00am Sep 25, 2012 7:00am
[quote=FX-Pro;6039975]Good Job Guys,

Hope you guys got at least BE on these trades.... some time its wise to close the trade soon as you see an indecision bar like the one on the chart.






I took that trade too, but i was hit out on BE, not bad, im geeting use to the system, hope for more pips in anothere setup
  • #686
  • Sep 25, 2012 7:09am Sep 25, 2012 7:09am
Quote
I took that trade too, but i was hit out on BE, not bad, im geeting use to the system, hope for more pips in anothere setup

Patience will always pay you... this business is known for it....

Good Luck to you...

FX-Pro
  • #687
  • Sep 25, 2012 7:14am Sep 25, 2012 7:14am
Hi FX-Pro, everybody,
Stumbled on this thread (and method) recently, it looks like it may work well in EUR/JPY too. Will watch its performance in that pair as well.
  • #688
  • Sep 25, 2012 8:02am Sep 25, 2012 8:02am
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.

Sorry I wasn't quicker with this post. was happening as I opened the charts this morning.

EUR did dip on rejection of the rainbow(72mma) with engulfing pinbar for 'bout 50 pips. (And right after I went to bed). I'm long now on the break of R on the 4h and 1h chart with candle confirmation on 1hr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9-25-12 eu us 1h.gif Size: 34 KB
Click to Enlarge Name: 9-25-12 eu us 4h.gif Size: 26 KB
Yeoman the "Tough Luck" Trader =p
  • #689
  • Sep 25, 2012 8:09am Sep 25, 2012 8:09am
TP is 2980 R. But watching 5 & 15m charts for rev. and will short it back down. SL @ BE already.
Yeoman the "Tough Luck" Trader =p
  • #690
  • Sep 25, 2012 8:22am Sep 25, 2012 8:22am
Quoting Agoronaoka
After runing my backtesting for some few month, and testing it live since this week started it looks it will workout well, but at the end of few weeks of live trade before one can say it works well on it, for now im still testin it on live trade, well i dont know what FX Pro has to say to that
Please demo for some time... you should get a hang of it..... till then don't touch your live trade....

Thanks,
FX-Pro
  • #691
  • Sep 25, 2012 8:22am Sep 25, 2012 8:22am
I just found this thread.

Thanks you, Fx-pro, for starting this thread.
Thanks every one here in this thread.
Hope more pros here can help more newbies in Fx.
Peace n Love
  • #692
  • Sep 25, 2012 8:28am Sep 25, 2012 8:28am
Quoting xiaoxin
I just found this thread.

Thanks you, Fx-pro, for starting this thread.
Thanks every one here in this thread.
Hope more pros here can help more newbies in Fx.
Peace n Love
Welcome aboard...!
  • #693
  • Sep 25, 2012 8:37am Sep 25, 2012 8:37am
Looks like I may get stopped @ BE....however BE should've been 2931 @ the candle open...also NY open...Yep, out. Also really should've closed with 20 pips when price failed twice @ the 120 Lwma.
Yeoman the "Tough Luck" Trader =p
  • #694
  • Sep 25, 2012 10:22am Sep 25, 2012 10:22am
I'm new to this thread, but just wanted to say that this integrates VERY well with other systems. I'm trading based on the THV/Pipware system, and your system serves as a great confirmation for trades. Did some back-testing and using that combination of systems I'm almost never on the wrong side of a trade on the H1 charts.

Thanks a lot
  • #695
  • Sep 25, 2012 10:45am Sep 25, 2012 10:45am
Quoting Yeoman
Sorry I wasn't quicker with this post. was happening as I opened the charts this morning.

EUR did dip on rejection of the rainbow(72mma) with engulfing pinbar for 'bout 50 pips. (And right after I went to bed). I'm long now on the break of R on the 4h and 1h chart with candle confirmation on 1hr.
Respect to you bro. I use Rainbow too and am glad to see someone using it. Am so happy to see this Thread thanx to FXpro I can now modify my system. Let's take time to work on this system to make the best out of it.
  • #696
  • Sep 25, 2012 10:51am Sep 25, 2012 10:51am
once again Draghi takes my money
but hey you lose and learn (it was only 30 dollars)
i learnt passionce is key in forex
oh and stop loss
i always knew news is crucial but i was in school couldnt do anything
  • #697
  • Sep 25, 2012 12:45pm Sep 25, 2012 12:45pm
http://upload.wikimedia.org/wikipedi...t_wave.svg.pngMy current Trades
Long US/CAD at 9785 Open TP
SHORT Euro at 2952 TP 2900

Some observations. To fully understand why this system is timeless its worth sharing how related it is to Elliot Wave patterns which in turn
relates to Fibonacci number sequence which basically govern everything from human body to plants and galaxies.In physics just about everything travels in some form of wave and even our emotions are a wave pattern.Now look at Elliot Wave pattern.Do you notice how bounces are regular?
Any move up or down move in waves.So without knowing we are in fact trading Elliot Waves but instead of counting waves we Surf the bounces!
In trading, you have to be defensive and aggressive at the same time
  • #698
  • Sep 25, 2012 12:54pm Sep 25, 2012 12:54pm
Quoting Davit
My current Trades
Long US/CAD at 9785 Open TP
SHORT Euro at 2952 TP 2900
Hello Davit - I'm new to this thread.

I see "bounce" off 72EMA on H1 chart and price close below 12EMA on M5 & M15. Is this the reason you short this pair?

Thanks in advance for explainantion.

Cheers - C101
  • #699
  • Sep 25, 2012 1:15pm Sep 25, 2012 1:15pm
Quoting Coast101
Hello Davit - I'm new to this thread.

I see "bounce" off 72EMA on H1 chart and price close below 12EMA on M5 & M15. Is this the reason you short this pair?

Thanks in advance for explainantion.

Cheers - C101
for that you need to be looking at the 1H but 15/5m for entrance
  • #700
  • Sep 25, 2012 1:15pm Sep 25, 2012 1:15pm
Quoting Coast101
Hello Davit - I'm new to this thread.

I see "bounce" off 72EMA on H1 chart and price close below 12EMA on M5 & M15. Is this the reason you short this pair?

Thanks in advance for explainantion.

Cheers - C101
I took the trade without even looking at the chart and funny you are correct its a nice set up.I trade on overall sentiment as well.Euro is heading south in near future.If I have to guess 1.27 at least.
Price broke last night below 2900 so PA has touched lower levels. Weird as this may sound once price touches a level it is bound to visit there again.
Today price hike was an impulse wave.Another thing to consider. We are almost end of NY session hence Price was driven by high volume
earlier and now it does not have a muscle to push up anymore.
Asia should lower this even more.I wont be surprised if I hit my TP before London
In trading, you have to be defensive and aggressive at the same time
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