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Simple Money Making Method

  • #1,041
  • Oct 5, 2012 3:07am Oct 5, 2012 3:07am
Quoting Mr.Deghayes
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?
50EMA is faster then 72EMA I prefer to catch the move earlier.Some traders use 20EMA or less.
Its a preference.
I suggest a nice site which covers lot of good material.
babypips start with the school.
In trading, you have to be defensive and aggressive at the same time
  • #1,042
  • Oct 5, 2012 3:53am Oct 5, 2012 3:53am
FX Pro , what is your suggestion so far. Shall we close the short AUD USD position or keep it ?
  • #1,043
  • Oct 5, 2012 4:41am Oct 5, 2012 4:41am
Quoting coo.za
Sold

Why did you sell here? There is no any RN?
  • #1,044
  • Edited 5:17am Oct 5, 2012 4:54am | Edited 5:17am
I am steel hold EU short, AU short, UC long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 40 KB
Click to Enlarge Name: audusd.gif Size: 38 KB
Click to Enlarge Name: usdcgf.gif Size: 39 KB
  • #1,045
  • Edited 5:44am Oct 5, 2012 5:02am | Edited 5:44am
Quoting kijkij
Why did you sell here? There is no any RN?
RN is more than 1:1 Risk Reward (my risk is 26 pips, and RN 1.0200 is 50 pips away down), so i took the trade.
  • #1,046
  • Oct 5, 2012 5:14am Oct 5, 2012 5:14am
What does RN mean?
  • #1,047
  • Oct 5, 2012 5:17am Oct 5, 2012 5:17am
Quoting shum
I am steel hold EU short, AU short, UC long
Hi ya Shum..

Just a little point on your trades..I'm not sure of your experience on trading the same currency based pairs.. but in general you want to try and avoid having the same base currency pairs all on at the same time because if 1 goes against you, usually all go against you..

With the trades you have running, if the USD was to collapse you could be out of pocket pretty quickly compared to if you had a mixture of based currencies..at the same time if it does go your way you would be pretty well off in the money....

With Trading money management is one of the most important things you should be aware of, protecting your capital and managing each individual trades allotted capital..

Cheers,
Adrian

Cheers,
Adrian
  • #1,048
  • Oct 5, 2012 5:18am Oct 5, 2012 5:18am
Hi,
I think that RN stands for "round number".
  • #1,049
  • Oct 5, 2012 5:19am Oct 5, 2012 5:19am
Quoting Moreol
What does RN mean?
Hi ya Moreol..

RN: Round Number

101.00
101.50
102.00 etc..
  • #1,050
  • Oct 5, 2012 5:21am Oct 5, 2012 5:21am
Hi FX-Pro,

I am really surprised how fast your auditorium gets expanded involving more and more beginners looking for the grail. Well, keep doing your EMA gambling and see how many new naive guys you will still be able to recruit. The real traders will just benefit from that.

Hey guys, do not put too much money into this. Just keep playing for fun if you want to. It will take a few years until you get ready to accept that the market is not moved by EMAs.
Enter Signature
  • #1,051
  • Oct 5, 2012 5:28am Oct 5, 2012 5:28am
Quoting Ramjet
Hi ya Shum..

Just a little point on your trades..I'm not sure of your experience on trading the same currency based pairs.. but in general you want to try and avoid having the same base currency pairs all on at the same time because if 1 goes against you, usually all go against you..

With the trades you have running, if the USD was to collapse you could be out of pocket pretty quickly compared to if you had a mixture of based currencies..at the same time if it does go your way you would be pretty well off in the money....

With Trading money...
Hi Adrian, yes You are righte, and my sl is the 25 pips, and for three pairs 75 pips..I try to go with this sistem, and rules..with a little diferent, I am uze the genesis matrix, and macd..they show me entries here, coz I dont see a pullback, or pin bar.
  • #1,052
  • Oct 5, 2012 5:28am Oct 5, 2012 5:28am
I closed AUD USD sell on 4 pips profit. Have to go out and do not want to leave it on its self. The NFP today makes the pairs lazy , I think !
  • #1,053
  • Oct 5, 2012 5:31am Oct 5, 2012 5:31am
Quoting V_s
Hi FX-Pro,

I am really surprised how fast your auditorium gets expanded involving more and more beginners looking for the grail. Well, keep doing your EMA gambling and see how many new naive guys you will still be able to recruit. The real traders will just benefit from that.

Hey guys, do not put too much money into this. Just keep playing for fun if you want to. It will take a few years until you get ready to accept that the market is not moved by EMAs.
Hey V_s..

Ema's are a great trading tool if you know how to use them with confluence and helping you determine a trend..

If you go through FF you will see a lot of great systems that work that are using an EMA in some way to help in confirming a trade..

Also have you heard of Ed Saykota he uses a EMA also the Turtles used EMA's..

It's just a matter of using them as an extra tool for trading along with Support and Resistance and PA..it all helps in giving you confidence in the trade..

Cheers,
Adrian
  • #1,054
  • Oct 5, 2012 5:33am Oct 5, 2012 5:33am
Quoting shum
Hi Adrian, yes You are righte, and my sl is the 25 pips, and for three pairs 75 pips..I try to go with this sistem, and rules..with a little diferent, I am uze the genesis matrix, and macd..they show me entries here, coz I dont see a pullback, or pin bar.
That's cool Shum as long as you are aware and managing your trades properly all's good
  • #1,055
  • Oct 5, 2012 6:03am Oct 5, 2012 6:03am
Hi shum

I looked at your charts and feel that you are missing the point of following a thread. FX-Pro generously showed us his method for trading the AUD/USD in the first post of this thread. He attached a chart and told us he'd traded this method with great success over the past 2 years. In post # 7 he provided a template and the Round Numbers indicator.

Then on page 64 of this thread in Post # 954 he showed us "an initiative to take this method to the next level." This initiative gave us the Price Action Channel. He followed up in later Posts with charts and a template for the new initiative.

In my view, you need to go back over and read what FX-Pro has written and then look at your charts to work out why you are not following what is set out in this thread. Ask yourself, based on the method set out in this thread, why am I in the trades that I stated I am in in?

You appear (in my view) to be marrying together a variety of trading systems and using this thread for reporting the fact that you cannot follow this system. With respect the place to report that and show charts not reflective of FX-Pro's system is not this thread. You might want to consider starting a new thread, maybe even a Journal of your trades.

Personally I find it an insult to FX-Pro for anyone to want to change his system unless you can produce back-testing (or forward testing) that provides a better return of 80+% winning trades over 2 years.

Best wishes for your future trading.


Di
  • #1,056
  • Oct 5, 2012 6:12am Oct 5, 2012 6:12am
Quoting duffy
Hi shum

I looked at your charts .......

........With respect the place to report that and show charts not reflective of FX-Pro's system is not this thread. You might want to consider starting a new thread, maybe even a Journal of your trades.

Personally I find it an insult to FX-Pro for anyone to want to change his system unless you can produce back-testing (or forward testing) that provides a better return of 80+% winning trades over 2 years.

Best wishes for your future trading.


Di
+1
  • #1,057
  • Oct 5, 2012 6:25am Oct 5, 2012 6:25am
Quoting duffy
Hi shum

I looked at your charts and feel that you are missing the point of following a thread. FX-Pro generously showed us his method for trading the AUD/USD in the first post of this thread. He attached a chart and told us he'd traded this method with great success over the past 2 years. In post # 7 he provided a template and the Round Numbers indicator.

Then on page 64 of this thread in Post # 954 he showed us "an initiative to take this method to the next level." This initiative gave us the Price Action Channel. He followed up in later...
ok..this is tru, in this 3 operations, the rules are not original, its different, but just in this 3 operations, coz, i dont see one rule, price action..maribozu, pin, pull..perhaps this operations are fails, and I m traying to hold positions in other ways.. Im apologiaze, I well try just trade rules..no more filtres.
  • #1,058
  • Edited 7:00am Oct 5, 2012 6:42am | Edited 7:00am
Quoting jeff75
Hi,
I think that RN stands for "round number".
10X , really had no idea!
  • #1,059
  • Edited 8:11am Oct 5, 2012 6:45am | Edited 8:11am
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 as it raises...
I'd expect the USD to suffer if NFPs beat the forecast numbers. If NFPs beat the forecast number we may well enter a 'risk on' period sending audusd higher as well as nzdusd, usdcad would drop, eurusd is tough to call since it's no longer tied so closely to risk. If NFPs beat the forecast numbers stocks will rise as well.

Edit; A bit of commentary- numbers were +114k jobs, 7.8% unemployment. The jobs number was right in line with expectations, the unemployment number was a surprise falling from 8.2% to 7.8%. Markets will probably interpret this as a good number and we may go 'risk on' for a bit. The QE expectations drive lots of this, if good numbers come out expectations for more QE fall so sometimes the market will react in a contrary way. The unemployment number is taken with a grain of salt because of how the data are gathered, many in the US have removed themselves from the employment roles entirely. I often use usdcad as a leading indicator, and it's drop makes me lean to a 'risk on' period.

Grins
"The more I practice the luckier I get." Gary Player
  • #1,060
  • Edited 8:11am Oct 5, 2012 7:56am | Edited 8:11am
Quoting V_s
Hi FX-Pro,

I am really surprised how fast your auditorium gets expanded involving more and more beginners looking for the grail. Well, keep doing your EMA gambling and see how many new naive guys you will still be able to recruit. The real traders will just benefit from that.

[color=black][font=Verdana]Hey guys, do not put too much money into this. Just keep playing for fun if you want to. It will take a few years...
HI V_s,

There are close to 2000 threads here under trading system in FF, of which most of them are moving average based & they have been successful, that is the history here, & we are following / taking advantage on that…

Price will react in certain places especially supply demand zones (historical data), which every look for while trading, including institutional traders, similar way MA is also an historical data which will alert a trader when price is getting close to it, if you don’t know this please start from babypips…

Ever person who is in this business knows that the market is not moved by the moving averages, but average of the historical data may help us to see the future,

For example… constantly if you keep posting negative post on all the threads this year, a person who starts a thread next year will automatically know that, he has to put you on his ignore list, of course for me too, It just takes a click to keep you & your post away from this thread… but I don’t want to do that…. Because this is a data for those who start thread in future, more over I don’t believe in wasting time in replying these kind of messages, hope you will not waste your time here again…

I appreciate conversation which helps other traders on this thread, but not silly like this (Please keep this in mind before posting on this thread)

I never posted anything like this in the past, but you forced me to…

God bless you

Good bye
FX-Pro
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