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Simple Money Making Method

  • #801
  • Sep 27, 2012 7:22am Sep 27, 2012 7:22am
Thanks for sharing your system; am moving on nicely with some success.

ADDITIONALLY, with a view on sharing, I am also using your system as a directional bias!!

Once the one 1hr gives the direction – I go to the 15 min or 5min chart, enter with an appropriate signal (PA, MA crossover, etc).

Good way to add more positions with smaller SL.
  • #802
  • Sep 27, 2012 8:10am Sep 27, 2012 8:10am
when is the potencial sell :L
  • #803
  • Sep 27, 2012 8:31am Sep 27, 2012 8:31am
Good Morning Traders,

Half hour to go for the 1h confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-27-12 eu us 1h.gif Size: 34 KB
Yeoman the "Tough Luck" Trader =p
  • #804
  • Sep 27, 2012 8:34am Sep 27, 2012 8:34am
Hello Members,
Seen thread a couple days back and read it through.
Some comments to and from FxPro.

The chart given by Piprac seems to be correct for entry in sync with the core fundamentals just described by you " Single candle rejection of 72 ema and close below 12 ema to highlight the strenght." Of course my comment is on hindsight now but then when the chart was posted, it did look the right setup. Also we're forgoing the H1 tf here and the intended pair too but apart from that, the GU setup looks good to me at least. Can U please state the reasons for rejection.

AU: Day before yest (25/09) at 1700 GMT there was a strong bear candle crossing both the ma's and closing below too. would you give that as a valid entry? ( Sorry no chart. will post if u say so)

Wondering when you said you've traded, devised, planned this system over a period of 2 yrs, round about. Still, you want to consider the 72 ema of H1 as the trend direction? Don't you think it's a short measure of trend?

I remember a mention of supply / demand in the first post as an element of the system. Haven't seen or heard about it thereafter on the thread. how to use that?

There is probably another important element which I guess you've missed and that is another ball game in itself. Currency co-relation.

Looking forward to your comments to understand the system better.
Regards, McNish.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #805
  • Sep 27, 2012 8:49am Sep 27, 2012 8:49am
have attached a chart that may clear up atleast the issue of S/d zones with the grace and inginuity of Stevefx and his Happs system I use both with FX-pros mas on the one hour charts with good success-I also trade EU-GU and EJ with similar success,I hope the chart came out as FX-pro describes the entries with S/D zones they look quite obvious.

Best of luck.

Micvon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-09-27_2338.jpg Size: 153 KB
Click to Enlarge Name: 2012-09-14_1359.jpg Size: 218 KB
  • #806
  • Sep 27, 2012 9:15am Sep 27, 2012 9:15am
Sorry McNish, I didn't post a chart - don't know how. p
Quoting McNish
Hello Members,
Seen thread a couple days back and read it through.
Some comments to and from FxPro.

The chart given by Piprac seems to be correct for entry in sync with the core fundamentals just described by you " Single candle rejection of 72 ema and close below 12 ema to highlight the strenght." Of course my comment is on hindsight now but then when the chart was posted, it did look the right setup. Also we're forgoing the H1 tf here and the intended pair too but apart from that, the GU setup looks good to me at least. Can U please state...
  • #807
  • Sep 27, 2012 9:21am Sep 27, 2012 9:21am
Quoting McNish
The chart given by Piprtac seems to be correct for entry in sync with the core fundamentals just described by you " Single candle rejection of 72 ema and close below 12 ema to highlight the strenght." Of course my comment is on hindsight now but then when the chart was posted, it did look the right setup. Also we're forgoing the H1 tf here and the intended pair too but apart from that, the GU setup looks good to me at least. Can U please state the reasons for rejection.
Appreciate if you could post your chart for this...

Quoting McNish
AU: Day before yest (25/09) at 1700 GMT there was a strong bear candle crossing both the ma's and closing below too. would you give that as a valid entry? ( Sorry no chart. will post if u say so)
No! though it moved well, that is not what i look for - i need a clear rejection of the EMA, not a break through....

Quoting McNish
Wondering when you said you've traded, devised, planned this system over a period of 2 yrs, round about. Still, you want to consider the 72 ema of H1 as the trend direction? Don't you think it's a short measure of trend?
may be, but this is how i practiced, i think 3 days trend is enough to pull a trigger on 1H TF, & I've been doing this successfully...

Quoting McNish
I remember a mention of supply / demand in the first post as an element of the system. Haven't seen or heard about it thereafter on the thread. how to use that?
Another important aspect of this method, if you go back & check the posts... you will see all my trades start/End with S/R or psychological level, at times i wouldn't have marked that on the chart...,

Quoting McNish
There is probably another important element which I guess you've missed and that is another ball game in itself. Currency co-relation.
As i was not trading anything else apart from A/U i Really didn't bother about it.... however I've started looking for that, as i started this method with multiple pairs now....

Hope this helps,
  • #808
  • Sep 27, 2012 11:17am Sep 27, 2012 11:17am
thanks fxpro for give me a new idea in trading universe.

mi results:

http://i48.tinypic.com/2wlx0df.jpg

regards and good luck!!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #809
  • Sep 27, 2012 12:09pm Sep 27, 2012 12:09pm
65% in one month is not too shabby

Keep up the good work!

Quoting tnavi
thanks fxpro for give me a new idea in trading universe.

mi results:

http://i48.tinypic.com/2wlx0df.jpg

regards and good luck!!
What is any ocean but a multitude of drops?
  • #810
  • Sep 27, 2012 12:15pm Sep 27, 2012 12:15pm
Guys if you are new to forex number 1 enemy of your equity is high leverage and greed! Keep both in check if you are serious about trading.
Ignore flashers!
In trading, you have to be defensive and aggressive at the same time
  • #811
  • Edited 12:46pm Sep 27, 2012 12:20pm | Edited 12:46pm
set up in progress waiting for confirmation
on Euro
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #812
  • Sep 27, 2012 12:40pm Sep 27, 2012 12:40pm
davit, the important in my image, not is the % of the account but the number of pips.

regards.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #813
  • Sep 27, 2012 2:30pm Sep 27, 2012 2:30pm
ladies and gentle men i recommend listening to Davit, he is a sharp trader and advices as how it is! thanks for the book btw really intresting and helpful!
  • #814
  • Sep 27, 2012 3:21pm Sep 27, 2012 3:21pm
Quoting Mr.Deghayes
ladies and gentle men i recommend listening to Davit, he is a sharp trader and advices as how it is! thanks for the book btw really intresting and helpful!
Man you made me blush.I don't think I deserve that kind praise.
But thanks anyway.Book is fantastic.Pay attention how he talks about psychology comparing child's fear of dog,trama and how that forms bias etc.
For me its still a challenge mentally holding to a winning trade longer.I can't tell you how many times I closed a winning trade at 20pips only to drop another 50pips.That's psychology too.How we overcome our fears.
I have made progress but still have work to do on this.Last week I shorted the Aussie at 52 only to see it drop to 1.033 200pips drop but I only got 75pips out of it.
Anyway we must identify our weaknesses honestly and work on them.If you are arrogant,boastful,vengeful,impatient, impulsive will cost you money.
Forex has a magical way transforming those qualities into losing funds.
In trading, you have to be defensive and aggressive at the same time
  • #815
  • Sep 27, 2012 3:28pm Sep 27, 2012 3:28pm
Quoting Davit
Man you made me blush.I don't think I deserve that kind praise.
But thanks anyway.Book is fantastic.Pay attention how he talks about psychology comparing child's fear of dog,trama and how that forms bias etc.
For me its still a challenge mentally holding to a winning trade longer.I can't tell you how many times I closed a winning trade at 20pips only to drop another 50pips.That's psychology too.How we overcome our fears.
I have made progress but still have work to do on this.Last week I shorted the Aussie at 52 only to see it drop to 1.033 200pips...
with the patience very very true!!!

like at times i feel the urge to trade everyday as much as possiblle, but some days are weird like today
  • #816
  • Sep 27, 2012 6:28pm Sep 27, 2012 6:28pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
This is what entry candle is supposed to look like -- I was distracted by the pinbar candle and mistook that doji (in post #12 as part of the setup) but now see the light! I hope my paint diagram shows up as correct........
Attached Image (click to enlarge)
Click to Enlarge Name: Simple system candle.gif Size: 3 KB
  • #817
  • Sep 27, 2012 6:38pm Sep 27, 2012 6:38pm
Simple is good. Check out my signature for simple strategies.
  • #818
  • Sep 27, 2012 7:17pm Sep 27, 2012 7:17pm
Quoting 2+2=4ex
Simple is good. Check out my signature for simple strategies.
Hmmmm. I wish you hadn't done that.

The avatar I mean.

I thought of "2+2=4ex" as someone I could argue with occasionally.

Now, I feel as though I should be "nice".

It's just no fun anymore.


?
When the Joker is in the deck.. fear not and play it well
  • #819
  • Sep 27, 2012 8:06pm Sep 27, 2012 8:06pm
Placed 2 pending Sell orders on GU 6250 and 6270
I expect a sharp price hike since week and month is coming to an end so one last chance rally.
Reason I did pending because sometimes price spike can trigger it hence be in a trade with better number.
In trading, you have to be defensive and aggressive at the same time
  • #820
  • Sep 27, 2012 9:05pm Sep 27, 2012 9:05pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
Davit Placed 2 pending Sell orders on GU 6250 and 6270
I expect a sharp price hike

You are being far too intelligent for Mr Market. You know it may go up but down as well? It may just go up to boost the books of 3rd quarter money managers but it may stay up. I am sticking to the system.......
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