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Simple Money Making Method

  • #981
  • Oct 4, 2012 6:39am Oct 4, 2012 6:39am
E/U Update

One of the potential resistance zone...

US open may give us a direction from here...

Lets see

Cheers,
FX-Pro
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  • #982
  • Oct 4, 2012 6:55am Oct 4, 2012 6:55am
Quoting newride
FX Pro.

I have learnt alot from this method and spend atleast 10 hours a day try to understand. What i have learnt so far is No matter how well you understand the method in the end its the game of probability and how well you get out of the trade.
Any way i have loaded your script its nice but the candle bar time is stuck and round number works only on AU and EU. not on gold , gbp etc.

Secondly I think we should have a live chat room where you can teach us/guide us when to take entry and when not to maximize the gains. Because its a bit...
I have to thank newride for taking the effort to create chat room for this method, but i don't know... if i'm ready for it or not, as i already mentioned i spend lot of time on the thread, if we start a chat room....

Ok let me think... in the mean time, other members may give your thoughts/ideas....

Thanks Newride,
FX-Pro
  • #983
  • Oct 4, 2012 6:59am Oct 4, 2012 6:59am
My experience is that chat-rooms never quite work the way you'd hope. At least here theres a record of the posts and are easily found.


Quoting FX-Pro
I have to thank newride for taking the effort to create chat room for this method, but i don't know... if i'm ready for it or not, as i already mentioned i spend lot of time on the thread, if we start a chat room....

Ok let me think... in the mean time, other members may give your thoughts/ideas....

Thanks Newride,
FX-Pro
  • #984
  • Oct 4, 2012 7:05am Oct 4, 2012 7:05am
Quoting dbeach777
My experience is that chat-rooms never quite work the way you'd hope. At least here theres a record of the posts and are easily found.
Agreed!

here we can document every trade that we take, which will be useful for others... but in chat room.... it is not possible.

Thanks dbeach777, appreciate your thought...

Cheers,
FX-Pro
  • #985
  • Oct 4, 2012 9:16am Oct 4, 2012 9:16am
Hi FXPro,.

Can you go thru a few more examples of the new method you've introduced. I dont see what you're suggesting.

ps. Those new ema's look very similar to hull moving averages....
  • #986
  • Oct 4, 2012 9:23am Oct 4, 2012 9:23am
Quoting FX-Pro
Entry on E/U
This is the entry which is still moving positive on E/U, but then it was to late by the time we realize & I was busy posting this new entry method....

anyways, will have many other good entries...

Cheers,
FX-Pro
Attached Image
  • #987
  • Oct 4, 2012 9:37am Oct 4, 2012 9:37am
Hi Fx-Pro

The charts certainly look clear with the Price Action Channel.

You have Heiken Ashi candles in the template you gave us. Can you explain why you have included these and how we are to use them please?

Would you mind looking at your Post # 961 on page 65 where you showed a chart that said "Bounce from 72 ema" If the broken moving average line is the same as the broken line in the template you gave us, then this is a bounce off the 200ema. The 72ema is the heavier unbroken white line in the template (post # 970).

I have a strange thing when I load the template onto a few currencies in that the Round Number Grid lines do not appear (such as on GBP /USD, EUR/JPY and USD/Cad) yet they are there on others such as AUD/USD and EUR/USD. Any ideas why this happens?

Looking forward to seeing some trades with the PAC.


Di
  • #988
  • Oct 4, 2012 9:43am Oct 4, 2012 9:43am
FX-Pro

I see my question re the chart in your post #961 has been answered with your chart in post # 986. It's a bounce off 200 ema.

Di
  • #989
  • Edited 10:05am Oct 4, 2012 9:44am | Edited 10:05am
For all the newbies....

This is a very basic & unique problem with all the newbies... jumping from one method to other

Ensure to stick to any one method which suits your personality, jumping from one method to other will not lead you anywhere, instead you will be jumping from system to system for ever...
so stay with any one method & try to master it, yes, it takes a long time to master it, but trust me in course of time you will start realizing what you been doing & where you want to move next... meaning you will plan your trading method automatically,

none of the system will work for you if you try to copy paste it, you have to learn to read it & make required changes to suit your personality,

Regards,
FX-Pro
  • #990
  • Oct 4, 2012 9:49am Oct 4, 2012 9:49am
Quoting FX-Pro
Entry on E/U
My bad, that was a 200EMA bounce not 72EMA...

Thanks Duffy

Cheers,
FX-Pro
  • #991
  • Oct 4, 2012 10:03am Oct 4, 2012 10:03am
Quoting duffy
You have Heiken Ashi candles in the template you gave us. Can you explain why you have included these and how we are to use them please?
Heikenashi is given for the better visibility of PA with PAC, however i will be using normal candle stick to see the bounce.

Quoting duffy
I have a strange thing when I load the template onto a few currencies in that the Round Number Grid lines do not appear (such as on GBP /USD, EUR/JPY and USD/Cad) yet they are there on others such as AUD/USD and EUR/USD. Any ideas why this happens?
Please add all the indicators one by one on the chart & then save it as a template, hope this helps.

Quoting duffy
Looking forward to seeing some trades with the PAC.
sure as always i'l post my next trade with PAC

Cheers,
FX-Pro
  • #992
  • Oct 4, 2012 10:11am Oct 4, 2012 10:11am
Magic of PAC, A clear ranging market....
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  • #993
  • Oct 4, 2012 10:15am Oct 4, 2012 10:15am
Quoting FX-Pro
Magic of PAC, A clear ranging market....
how high is the eu going to go?
  • #994
  • Oct 4, 2012 10:25am Oct 4, 2012 10:25am
Quoting Mr.Deghayes
how high is the eu going to go?
no one knows including me

however looking at the chart, its on the initial stage of an uptrend again, i may look for an entry on a pullback with in the channel,

Hope this helps,
FX-Pro
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  • #995
  • Oct 4, 2012 10:47am Oct 4, 2012 10:47am
Quoting FX-Pro
no one knows including me

however looking at the chart, its on the initial stage of an uptrend again, i may look for an entry on a pullback with in the channel,

Hope this helps,
FX-Pro
whats worse missing out on 80 pips, losing 80pips or both, because i'm at both i was at a wonderful long position but due to my boilinger indication i rushed into it and sold with cockyness woke up, it was 20 pips down i was like typical; trade always against me then with me, i went to school and it seemd i was down 60-80. the first ever month of forex i 800 pips in one month, the month after it all went down hill then i put more money again and again, now what?
  • #996
  • Oct 4, 2012 10:47am Oct 4, 2012 10:47am
could some one just tell me the reassons for the euro jump?
  • #997
  • Oct 4, 2012 11:23am Oct 4, 2012 11:23am
I was missing another important contributor of this thread... looks like he just woke up...

Cheers,
FX-Pro
  • #998
  • Oct 4, 2012 11:32am Oct 4, 2012 11:32am
Quoting Mr.Deghayes
could some one just tell me the reassons for the euro jump?
Draghi
Faith with Action
  • #999
  • Oct 4, 2012 11:40am Oct 4, 2012 11:40am
Hi Everyone
Looks like the system has become more dynamic.
For all posting here I use 50EMA not 72 and 8EMA/200EMA
For me I prefer faster 50EMA but basic principles is the same bounce from pullbacks.

For those who don't grasp the principle I'll explain in broad terms better.
For every move up and down PA usually retraces Fibonacci .618(very strong)
50%(not a fib number but strong as well) and weak 23 and 38
Stronger the move up greater the retrace generally but not always so we take advantage of retrace to ride the wave in pullbacks.
In trading, you have to be defensive and aggressive at the same time
  • #1,000
  • Oct 4, 2012 11:44am Oct 4, 2012 11:44am
Hi i'm new to trading but i'm very interested in this system. I understand all of the indicators used but i'm not sure what one of your entry points means. When you say look for a candle thats a reject of the 72EMA what EXACTLY does that mean?

Thanks

Joeby
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