QuoteDisliked2+2=4ex Simple is good.
Just checked your avatar again but when I got there I forgot why........
hi guys, still trying to get my head around picking the entry. in our recent audusd h1 line up below, is the first circle a good enough reject from the 72? assuming it is the signal, the text book rule has it that we enter after it close past the 12; that's the open of the next bar in the second circle right? confirmation please? thanks.
- #824
- Sep 27, 2012 10:08pm Sep 27, 2012 10:08pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Davit. want to thank you for introducing me to Chris Lori . Been watching the videos. 2 days now.. very interesting . .
I just want to add anything that you learn that is relevant to trading will help you even if you won't use it.
I love Elliot Wave theory.Its brilliance is remarkable.Its a fascinating subject for me and I am studying it,that is all I am reading now. (beats reading fiction)
Now I may not trade Elliot Waves but knowing that helps understand what is corrective move after impulse move etc.Trades talk about retrace which is Elliot wave theory as well.
In short traders who are most knowledgeable are most likely more profitable.
Traders who keep saying "keep it simple" without foundation can not be profitable because fact is trading is Not simple.
Just keep educating yourself.One day all will come together in most powerful way.Think of Zen. (I am not there yet)
In trading, you have to be defensive and aggressive at the same time
- #825
- Sep 27, 2012 10:15pm Sep 27, 2012 10:15pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #826
- Sep 27, 2012 10:24pm Sep 27, 2012 10:24pm
Folks...
I've noticed this already a couple of months back... but never had time to research on this...
I just blindly marked the entry candle on the chart & I think its worth applying this method on daily chart...
out of 11 trades 1 failed on the current screen of A/U.... but huge pips huh
Best part is today we have an entry on this...
I guess its worth investing time on this.... let me do some ground work first...
Cheers
FX-Pro
I've noticed this already a couple of months back... but never had time to research on this...
I just blindly marked the entry candle on the chart & I think its worth applying this method on daily chart...
out of 11 trades 1 failed on the current screen of A/U.... but huge pips huh
Best part is today we have an entry on this...
I guess its worth investing time on this.... let me do some ground work first...
Cheers
FX-Pro
- #828
- Sep 27, 2012 10:42pm Sep 27, 2012 10:42pm
Folks...
I've noticed this already a couple of months back... but never had time to research on this...
I just blindly marked the entry candle on the chart & I think its worth applying this method on daily chart...
out of 11 trades 1 failed on the current screen of A/U.... but huge pips huh
Best part is today we have an entry on this...
I guess its worth investing time on this.... let me do some ground work first...
Cheers
FX-Pro
- #829
- Sep 27, 2012 10:55pm Sep 27, 2012 10:55pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #831
- Sep 28, 2012 1:53am Sep 28, 2012 1:53am
Folks...
I've noticed this already a couple of months back... but never had time to research on this...
I just blindly marked the entry candle on the chart & I think its worth applying this method on daily chart...
out of 11 trades 1 failed on the current screen of A/U.... but huge pips huh
Best part is today we have an entry on this...
I guess its worth investing time on this.... let me do some ground work first...
Cheers
FX-Pro
we cant trade the way we are trading at the moment....
though it looks easy... it needs lot of testing / fine-tuning... which may take another week or two... or even more than that...
I've added this to my agenda, will keep you guys posted on the results....
alright lets get back to the war field...(1H)
looks like London open may give us the direction....
lets wait till then...
Cheers,
FX-Pro
- #833
- Sep 28, 2012 4:46am Sep 28, 2012 4:46am
Davit 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
Davit I take my hat off to you. Can you tell me if it will rain tomorrow? You described how it would happen to a Tee. I am impressed but will still be sticking to the system......
- #836
- Sep 28, 2012 9:53am Sep 28, 2012 9:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
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.
Just a thought when everything is falling you don't need a system to tell you to sell.
In trading, you have to be defensive and aggressive at the same time
- #837
- Sep 28, 2012 9:55am Sep 28, 2012 9:55am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Davit I take my hat off to you. Can you tell me if it will rain tomorrow? You described how it would happen to a Tee. I am impressed but will still be sticking to the system......
Too late now.
In trading, you have to be defensive and aggressive at the same time
Dear Kindly check the charts and tell me if these are the correct entries and . I am confused on picking the candle and entry point after noticing the trend and i rarely see PIn bar or single candle etc. I am using 9-20-50-72 EMA for silver and 9-50-72EMA for EUR?USD on 1 H as both are fast moving.
1) kindly point out what are the confirm entries and if i have missed any.
2) WHEN SHOULD I TAKE POSITION?(right time)
3) which other factor do i use or keep in mind to make it a good entry.
I hope i have made some progress with your help
1) kindly point out what are the confirm entries and if i have missed any.
2) WHEN SHOULD I TAKE POSITION?(right time)
3) which other factor do i use or keep in mind to make it a good entry.
I hope i have made some progress with your help
- #839
- Edited 9:45pm Sep 28, 2012 7:17pm | Edited 9:45pm
Dear Kindly check the charts and tell me if these are the correct entries and . I am confused on picking the candle and entry point after noticing the trend and i rarely see PIn bar or single candle etc. I am using 9-20-50-72 EMA for silver and 9-50-72EMA for EUR?USD on 1 H as both are fast moving.
1) kindly point out what are the confirm entries and if i have missed any.
2) WHEN SHOULD I TAKE POSITION?(right time)
3) which other factor do i use or keep in mind to make it a good entry.
I hope i have made some progress with your help
Welcome
If you read over the first post a couple of times and look at that chart in the post you will see how this system works as the rules haven't really changed from that first post..
A 12ema, 72ema and a 200ema(recently added) is all you need on your chart.. Also the knowledge of PA and S/R areas..
Keep in mind we are looking for a bounce off the 72ema with a strong close above/below the 12ema with the 72ema at our back..
Open up a couple of charts and look for those areas of entry.. preferably on the pairs FX-Pro recommends at the moment Aud/Usd,Nzd/Usd, Eur/Usd and Gbp/Usd..more liquid pairs that follow the system kindly..
With your charts I will just show the Euro chart as there was only about 1 clear entry in Silver as it seems a bit to choppy to trade at the moment..
- #840
- Sep 30, 2012 1:28am Sep 30, 2012 1:28am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time