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Simple Money Making Method

  • #1,001
  • Oct 4, 2012 11:45am Oct 4, 2012 11:45am
Quoting Davit
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.
Can you post a chart please Davit ?
every Saint has a past. Every Sinner has a Future
  • #1,002
  • Oct 4, 2012 11:47am Oct 4, 2012 11:47am
We got a beautiful horseshoe shape on GU.Usually but not always it goes down to initial start.
I bought the UCAD heavily.I have heavy positions on it.UCAD is my favorite pair.
After the meeting FOMC I think but can be wrong bloom will get deflated.
Markets have been quiet of late so anything can move now and this is a bit overreaction.Corrective down is likely.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,003
  • Oct 4, 2012 11:51am Oct 4, 2012 11:51am
Quoting Davit
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.
So Finally he is here....

Thanks Davit,
FX-Pro
  • #1,004
  • Oct 4, 2012 11:55am Oct 4, 2012 11:55am
Quoting turnip15
Can you post a chart please Davit ?
Sure Blue 200 orange 50 pink 8
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 20 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,005
  • Oct 4, 2012 11:57am Oct 4, 2012 11:57am
Quoting FX-Pro
So Finally he is here....

Thanks Davit,
FX-Pro
Hi bro you like my explanation? I think you'll agree
In trading, you have to be defensive and aggressive at the same time
  • #1,006
  • Oct 4, 2012 12:06pm Oct 4, 2012 12:06pm
Quoting Davit
Hi bro you like my explanation? I think you'll agree
Yes, logically correct, but your counter trend entries looks like blindly placed on the oversold/overbought areas, IMHO

Please correct me if i'm wrong.

otherwise i know that you use the basic concept of pullback/bounce entries.

Cheers,
FX-Pro
  • #1,007
  • Oct 4, 2012 12:07pm Oct 4, 2012 12:07pm
is it indicator FX Pro Round, only works on 5 digits metatrader?
cos, i tried at my mt4 that 4 digits doesn't working.
It's all 'bout the dum dum...
  • #1,008
  • Oct 4, 2012 12:12pm Oct 4, 2012 12:12pm
Quoting FX-Pro
Yes, logically correct, but your counter trend entries looks like blindly placed on the oversold/overbought areas, IMHO

Please correct me if i'm wrong.

otherwise i know that you use the basic concept of pullback/bounce entries.

Cheers,
FX-Pro
My Cad buys are not in the system.My broker charges the least swap on the Cad so I can hold if needed longer.
After the meeting I suspect PA will change in my favor or wait and close on retrace.
In trading, you have to be defensive and aggressive at the same time
  • #1,009
  • Oct 4, 2012 12:12pm Oct 4, 2012 12:12pm
Quoting HandsGod
is it indicator FX Pro Round, only works on 5 digits metatrader?
cos, i tried at my mt4 that 4 digits doesn't working.
oh yes... that's a personalized indi for 5 digit broker platform,

can some one help him to get 4 digit, or you can google for the right indi...

Cheers,
FX-Pro
  • #1,010
  • Oct 4, 2012 12:15pm Oct 4, 2012 12:15pm
Quoting Davit
My Cad buys are not in the system.My broker charges the least swap on the Cad so I can hold if needed longer.
After the meeting I suspect PA will change in my favor or wait and close on retrace.
Good luck to you davit...

Cheers,
FX-Pro
  • #1,011
  • Oct 4, 2012 1:08pm Oct 4, 2012 1:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 21 KB
Quoting FX-Pro
Good luck to you davit...

Cheers,
FX-Pro
Thanks FX-Pro for the thread. I have entered buy @ 1.61642 and exit before FOMC Minutes.
+29.9 pips.


From now on I will post my real trades as well.
  • #1,012
  • Oct 4, 2012 1:29pm Oct 4, 2012 1:29pm
Thanks FX-Pro for the thread. I have entered buy @ 1.61642 and exit before FOMC Minutes.
+29.9 pips.


From now on I will post my real trades as well.[/quote]

What was your signal to enter at that price and at that time?

THX - c...101
  • #1,013
  • Oct 4, 2012 1:31pm Oct 4, 2012 1:31pm
Quoting dundifx
Attachment

Thanks FX-Pro for the thread. I have entered buy @ 1.61642 and exit before FOMC Minutes.
+29.9 pips.


From now on I will post my real trades as well.

dundifx - What was your signal to enter at that price and at that time?

THX - c...101
  • #1,014
  • Oct 4, 2012 1:33pm Oct 4, 2012 1:33pm
Quoting Coast101
dundifx - What was your signal to enter at that price and at that time?

THX - c...101
Hi Coast101,

I just followed the new rules of SM3. The time frame is H1.
  • #1,015
  • Oct 4, 2012 1:36pm Oct 4, 2012 1:36pm
Quoting dundifx
Hi Coast101,

I just followed the new rules of SM3. The time frame is H1.
...I must have missed the "new rules"......

Thanks
  • #1,016
  • Oct 4, 2012 1:43pm Oct 4, 2012 1:43pm
guys for the newbies sake maybe people can advice on up coming market moving events e.g draghi speaking.
maybe some one can just post the time its to happen
  • #1,017
  • Oct 4, 2012 2:09pm Oct 4, 2012 2:09pm
Quoting Mr.Deghayes
guys for the newbies sake maybe people can advice on up coming market moving events e.g draghi speaking.
maybe some one can just post the time its to happen

Hint for newbies: FF has a news calendar on the main page. There you can find all information about the principal market events. Usually the red ones can move the market immediatelly. You can costumize the clock to your time zone. Also you can find news information and fundamentals in other places like bloomberg or suscribe to Henry Liu's page. Learn about fundamentals is essential for forex trading. (I'd like to clarify that I'm not related to bloomberg o Henry Liu's page).
Best of luck.
I know where the market is going to move next: to the righ! XD
  • #1,018
  • Oct 4, 2012 2:32pm Oct 4, 2012 2:32pm
What is the new rule everyone's talking about ? : ))
  • #1,019
  • Oct 4, 2012 2:59pm Oct 4, 2012 2:59pm
Quoting Ramjet
Hey Sfurqan..

Welcome ..

Not to worry..trading is a long term process not learnt in a day, some take months some take years to get it..just go at your own pace..

Just read FX-Pro's first post for system rules and then read all of his posts over and over again till you get it..any questions throw them up here as every one would be glad to help I'm sure..

Slow and steady..you can do it!!

Cheers,
Adrian
thanks Ramjet.. i really appreciate it..
  • #1,020
  • Oct 4, 2012 4:38pm Oct 4, 2012 4:38pm
Can some one please advise me on where I can get information on learning how to backtest. Sort of new to this and do not have a clue on how to accomplish this.

Thanks
Bud
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