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Simple Money Making Method

  • #721
  • Sep 26, 2012 12:00am Sep 26, 2012 12:00am
Quoting Davit
Great traders incorporate 20+ systems simultaneously.Lets say you know Elliot Wave theory well and understand what it means impulse wave...(I've been there)
Great traders understand Price , how she behave , and they keep it simple , they didnt use systems what so ever, and their chart is naked.
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #722
  • Sep 26, 2012 12:01am Sep 26, 2012 12:01am
Looking at Cable for a good spot to short.Price broke 200EMA (blue line) 6190 is 200EMA so hoping 20Pip move up and nice spot to short.
Waiting for a retrace
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 21 KB
In trading, you have to be defensive and aggressive at the same time
  • #723
  • Sep 26, 2012 12:06am Sep 26, 2012 12:06am
Quoting FX-Pro
Hey Guys....

I've been trading this Method for almost 2 Years Now... with 80%+ Winning rate...

This is the Cream of what I've learnt from different Forum/thread.... used almost every indicator available.... tried all possible combinations…

Finally Ended up With Price Action, Supply Demand & the Trend.... this is more than enough to make pretty good money from this business... & I’m the witness for it.

Objective of this thread….

To Help Newbies, & to Learn from the Experts.

Who Can Trade This?

This...
Hi fx pro... thanks to share...
can I use this system at lower TF
I'm an under training pips hunter
  • #724
  • Sep 26, 2012 12:15am Sep 26, 2012 12:15am
Quoting changbachang
Great traders understand Price , how she behave , and they keep it simple , they didnt use systems what so ever, and their chart is naked.
Naked after utilizing enormous amount of knowledge.
Walter Peters uses 20+ "systems" Chris Lori as well.You may not know what they are looking!
Within a Price one could have 20+ variations of trading depending the circustance.
It is funny how everyone say " keep it simple"
Pros know its not simple.They only see it clearly after studying laboriously.
I can draw faces simply and effortlessly but I studied realistic drawing and painting for years before ascribing the effortless stage.
For Newbie to say "Keep it simple" means total lack of knowledge.
For a pro to say it means after inquiring of it.
Here is a beautiful video by Chris Lori which explains better.
Quoting changbachang
they didnt use systems what so ever, and their chart is naked.
That's very ignorant and arrogant statement.I personally read many great traders who use multiple systems.Have you talked to them?
I suggest you read Market Wizards: Interviews with Top Traders
Jack D. Schwager (1989) to get an idea
In trading, you have to be defensive and aggressive at the same time
  • #725
  • Sep 26, 2012 12:24am Sep 26, 2012 12:24am
Hi tango,
Lower TF not work for me. Seems not reliable apply in MA. tried..

You may use lower TF to look for the price action (bullish, bearish, or reversal). For example if you trade 1H, try to look 15mins chart when you want to enter and exit trade.





Quoting tango-1
Hi fx pro... thanks to share...
can I use this system at lower TF
  • #726
  • Sep 26, 2012 12:25am Sep 26, 2012 12:25am
Quoting Davit
Naked after utilizing enormous amount of knowledge.
Walter Peters uses 20+ "systems" Chris Lori as well.You may not know what they are looking!
Within a Price one could have 20+ variations of trading depending the circustance.
It is funny how everyone say " keep it simple"
Pros know its not simple.They only see it clearly after studying laboriously.
I can draw faces simply and effortlessly but I studied realistic drawing and painting for years before ascribing the effortless stage.
For Newbie to say "Keep it simple" means total lack of knowledge.
For...
Excellent contributions davit, thanks a lot.
I'm really happy the way this thread is moving...
You guys are showing so much interest which indeed tempting me to take another coupple of days off from my day job & stay with you guys on the thread.... & take it to the next level....

Cheers,
FX-Pro
  • #727
  • Sep 26, 2012 12:28am Sep 26, 2012 12:28am
Quoting Davit
That's very ignorant and arrogant statement.I personally read many great traders who use multiple systems.Have you talked to them?
I suggest you read Market Wizards: Interviews with Top Traders
Jack D. Schwager (1989) to get an idea
whatever dude
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #728
  • Sep 26, 2012 12:30am Sep 26, 2012 12:30am
FX-Pro nice to have you back

Guys lets make money
SHORT on CABLE 6170
1/2 Lot
Price moves higher I will Short my other 1/2
In trading, you have to be defensive and aggressive at the same time
  • #729
  • Sep 26, 2012 12:32am Sep 26, 2012 12:32am
Quoting changbachang
whatever dude
I am not your dude! If you find yourself posting garbage just don't waste space in consideration of others.
In trading, you have to be defensive and aggressive at the same time
  • #730
  • Sep 26, 2012 12:42am Sep 26, 2012 12:42am
Hi Guys,

i have been testing the system for a while and i got great results, However yesterday i placed long order on GBP/USD but it did hit the SL, can someone tell me please why it went wrong ? as you can see it did reverse and now moving in downtrend

Regards,
Attached Image (click to enlarge)
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  • #731
  • Sep 26, 2012 12:45am Sep 26, 2012 12:45am
Looking at Cable if Price breaks 6150 next stop is 61
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #732
  • Sep 26, 2012 1:15am Sep 26, 2012 1:15am
Quoting fahadkw
Hi Guys,

i have been testing the system for a while and i got great results, However yesterday i placed long order on GBP/USD but it did hit the SL, can someone tell me please why it went wrong ? as you can see it did reverse and now moving in downtrend

Regards,
your trades should be in context of main trend and sentiment. As far as I know overall sentiment is shorting the Euro which also means shorting the cable.
So you went Long on short sentiment.That's what went wrong.
In trading, you have to be defensive and aggressive at the same time
  • #733
  • Sep 26, 2012 1:51am Sep 26, 2012 1:51am
Quoting Davit
Looking at Cable for a good spot to short.Price broke 200EMA (blue line) 6190 is 200EMA so hoping 20Pip move up and nice spot to short.
Waiting for a retrace
Hey Davit,
I have been reading every one of your posts from the time this thread started and i would like to thank you for the time you have taken to explain your style of trading. I have also ordered every one of the books you have recommended which I can't wait get into. I think you have contributed the most to this thread with the obvious knowledge you have gained from some very hard work.
please continue to check in and give us your opinion on setups you see cause I and I'm sure others will befit from it.

Your signals aren't too shabby either :-)

Michael.
Good better best, never shall we rest.
  • #734
  • Edited 2:41am Sep 26, 2012 2:00am | Edited 2:41am
Quoting eraser
Hey Davit,
I have been reading every one of your posts from the time this thread started and i would like to thank you for the time you have taken to explain your style of trading. I have also ordered every one of the books you have recommended which I can't wait get into. I think you have contributed the most to this thread with the obvious knowledge you have gained from some very hard work.
please continue to check in and give us your opinion on setups you see cause I and I'm sure others will befit from it.

Your signals aren't too shabby either...
Michael thank you!I have tremendous amount to learn.I am not ashamed to admit it.I try to share what helps me and in turn help others.
Waiting for London Open in few minutes.Hoping impulse Up before further down on Euro and Cable.
In trading, you have to be defensive and aggressive at the same time
  • #735
  • Sep 26, 2012 2:02am Sep 26, 2012 2:02am
Enterd trade on rejection of R and bearish candle. TP 40 pips just above ma's on 4h.
Yeoman the "Tough Luck" Trader =p
  • #736
  • Sep 26, 2012 2:04am Sep 26, 2012 2:04am
forgot the chart

Good night.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-26-12 us cad 1h.gif Size: 31 KB
Yeoman the "Tough Luck" Trader =p
  • #737
  • Sep 26, 2012 2:44am Sep 26, 2012 2:44am
[quote]
Quoting eraser
Hey Davit,
. I have also ordered every one of the books you have recommended
Please what is the name of the recommeded books, thanks
  • #738
  • Sep 26, 2012 4:58am Sep 26, 2012 4:58am
Hello Davit,

but its above the EMA200 at time i placed the order , Or i have to check also the EurUSd ?
  • #739
  • Sep 26, 2012 9:31am Sep 26, 2012 9:31am
Quoting fahadkw
Hello Davit,

but its above the EMA200 at time i placed the order , Or i have to check also the EurUSd ?
I closed my Cable short at 6158 realizing it failed to break the support.
small pip gain +10pips.
Failing to break a level after 8 hours is rare so taking no chances.
In trading, you have to be defensive and aggressive at the same time
  • #740
  • Sep 26, 2012 9:35am Sep 26, 2012 9:35am
[quote=Agoronaoka;6043236]
Quote


Please what is the name of the recommeded books, thanks
start with this.This is a must read by any promising trader.If you can't finish this book or get bored reading then its clear trading is not your thing.
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
In trading, you have to be defensive and aggressive at the same time
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