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Simple Money Making Method

  • #1,021
  • Oct 4, 2012 5:42pm Oct 4, 2012 5:42pm
Quoting BudE
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
Try simulator, you can download in below link:

http://www.forexfactory.com/attachme...02008%208:18pm
  • #1,022
  • Oct 4, 2012 5:48pm Oct 4, 2012 5:48pm
UJ bought. I took it in unconventional time (acc. to this method), due to UJ likes to move during Asian session.

AU and NU are on watchlist for sell, but need to close below round number.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_05.10.12_rev1.jpg Size: 107 KB
  • #1,023
  • Edited 6:10pm Oct 4, 2012 5:56pm | Edited 6:10pm
Here are the charts with its round number levels.
Need to be cautious when entering trades for these pairs, as both are in key daily-chart supports.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU_05.10.12.jpg Size: 95 KB
Click to Enlarge Name: NU_05.10.12.jpg Size: 97 KB
  • #1,024
  • Oct 4, 2012 9:31pm Oct 4, 2012 9:31pm
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.
Good one dundifx,

As long as you are able to make up to 1:1+ RR, its great...

Keep it up brother...

Cheers,
FX-Pro
  • #1,025
  • Oct 4, 2012 9:41pm Oct 4, 2012 9:41pm
Quoting Rzr3
What is the new rule everyone's talking about ? : ))
Hi All,

Please remember, no new rules as such... except for the replacement of 12EMA with PAC(8EMA High/Low), however if you guys are not comfortable with PAC, you may continue with the same 12EMA,

Cheers,
FX-Pro
  • #1,026
  • Oct 4, 2012 9:51pm Oct 4, 2012 9:51pm
Quoting FX-Pro
Hi All,

Please remember, no new rules as such... except for the replacement of 12EMA with PAC(8EMA High/Low), however if you guys are not comfortable with PAC, you may continue with the same 12EMA,

Cheers,
FX-Pro
I feel more comfortable using 12EMA than PAC.
My first two trades on EU and UChf which I posted here two days ago resulted in 70+ pips.
Will concentrate demoing on this one, and see the overall results in 1-2 months.
Thanks, FX-Pro. Love the simplicity of your method.
  • #1,027
  • Oct 4, 2012 9:55pm Oct 4, 2012 9:55pm
Quoting coo.za
I feel more comfortable using 12EMA than PAC.
My first two trades on EU and UChf which I posted here two days ago resulted in 70+ pips.
Will concentrate demoing on this one, and see the overall results in 1-2 months.
Thanks, FX-Pro. Love the simplicity of your method.
good, keep going!!

Cheers,
FX-Pro
  • #1,028
  • Oct 4, 2012 10:03pm Oct 4, 2012 10:03pm
Thank you for the thread
Subscribed...

It seems we can use this on 15m too...
  • #1,029
  • Oct 5, 2012 12:57am Oct 5, 2012 12:57am
Will this close above EMA 12? We'll see
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_05.10.12_2.jpg Size: 87 KB
  • #1,030
  • Oct 5, 2012 1:02am Oct 5, 2012 1:02am
What I have been reading forecast seems positive for US dollar.
I read 120-140k new jobs added in Sept.EU and GU both could tank rabidly.



Time of release: 10/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 115K
Previous: 96K
Forecast: 100K to 140K
Why Is This Event Important:
The world’s largest economy is anticipated to add another 115K jobs in September, and the uptick in job growth may increase the appeal of the U.S. dollar as it raises the outlook for growth. At the same time, the unemployment rate is expected to widen to 8.2% from 8.1% as discouraged workers return to the labor force, and a slew of positive developments will certainly dampen the Fed’s scope to expand its balance sheet further as central bank officials see a limited risk for a double-dip recession. In turn, the weakening argument for more quantitative easing should instill a bullish outlook for the greenback, and we may see the FOMC start to soften its dovish tone for monetary policy as recovery gradually gathers pace.

I am short currently on GU but may add later on Euro
In trading, you have to be defensive and aggressive at the same time
  • #1,031
  • Oct 5, 2012 1:20am Oct 5, 2012 1:20am
Quoting Davit
What I have been reading forecast seems positive for US dollar.
I read 120-140k new jobs added in Sept.EU and GU both could tank rabidly.



Time of release: 10/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 115K
Previous: 96K
Forecast: 100K to 140K
Why Is This Event Important:
The world’s largest economy is anticipated to add another 115K jobs in September, and the uptick in job growth may increase the appeal of the U.S. dollar...
Good to see some fundamentals on the thread.... all need to know info

Thanks Davit,
  • #1,032
  • Oct 5, 2012 1:31am Oct 5, 2012 1:31am
Quoting Davit
Sure Blue 200 orange 50 pink 8
What's the point in the 200 ema Davit?
  • #1,033
  • Oct 5, 2012 1:51am Oct 5, 2012 1:51am
Quoting Mr.Deghayes
What's the point in the 200 ema Davit?
Its a important MA in terms of floating S/R and because its most paid attention MA by institutional and retail traders.

I am short on GU from 6190 and have 4 long positions on Cad.
Please don't copy my trades risk is yours.
In trading, you have to be defensive and aggressive at the same time
  • #1,034
  • Oct 5, 2012 1:54am Oct 5, 2012 1:54am
Quoting FX-Pro
Good to see some fundamentals on the thread.... all need to know info

Thanks Davit,
Hi Saravan
I figure everyone will dump their Long positions as time gets near to NFP
I read 10 different forecasts and all positive.
One can exit before the News just in case and be safe.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,035
  • Oct 5, 2012 1:55am Oct 5, 2012 1:55am
So how do you read the 200 EMA?

Btw dw Im not the type of trader to copy trades I need to see the signs my self
  • #1,036
  • Oct 5, 2012 1:58am Oct 5, 2012 1:58am
If the AUD USD stays like this till the end of this hour I will short
  • #1,037
  • Oct 5, 2012 1:59am Oct 5, 2012 1:59am
reject from 102.00 and close underneath the price channel. Might be good for a few pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy.jpg Size: 165 KB
  • #1,038
  • Oct 5, 2012 2:19am Oct 5, 2012 2:19am
Quoting Moreol
If the AUD USD stays like this till the end of this hour I will short
Sold
Attached Image (click to enlarge)
Click to Enlarge Name: AU_05.10.12_rev1.jpg Size: 106 KB
  • #1,039
  • Oct 5, 2012 2:40am Oct 5, 2012 2:40am
Quoting Mr.Deghayes
So how do you read the 200 EMA?

Btw dw Im not the type of trader to copy trades I need to see the signs my self
Generally If short you want 200EMA above the price and if Long Under the Price
In trading, you have to be defensive and aggressive at the same time
  • #1,040
  • Oct 5, 2012 2:58am Oct 5, 2012 2:58am
Quoting Davit
Generally If short you want 200EMA above the price and if Long Under the Price
Yup got that why do you use the 50 ema.
The other thing yesterday maybe it was you someone posted a chart with ab ema indication moving with the price and it was just bouncing nicely with it what ema was it do you know?
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