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Simple Money Making Method

  • #1,101
  • Oct 9, 2012 5:17am Oct 9, 2012 5:17am
Quoting fahadkw
Pipsmurfer, I will try next time thanks for the advice.

I placed short order on AUDUSD , target: 1.0158 and another short order on EURUSD , target: 1.2887

Regards,
I think that the logic behind this strategy is to wait for the 12 MA to cross the 72 MA downwords and after that to wait for a price rejection at the 72 MA. Eitherways you can not be secured of the whippin sideway price bounces. To say it otherway it is too early for me to short AUD USD.
  • #1,102
  • Oct 9, 2012 6:05am Oct 9, 2012 6:05am
Quoting Moreol
I think that the logic behind this strategy is to wait for the 12 MA to cross the 72 MA downwords and after that to wait for a price rejection at the 72 MA. Eitherways you can not be secured of the whippin sideway price bounces. To say it otherway it is too early for me to short AUD USD.
can you link down EMA 12 and EMA 72?. i only imoving average 12 and 72.
  • #1,103
  • Oct 9, 2012 6:38am Oct 9, 2012 6:38am
Quoting fahadkw
short order AUDUSD target 1.0150

Regards,
Where is the entry here....

guys... please stick to the rules until you get familiar with the method.....

hope this is on demo still....
  • #1,104
  • Oct 9, 2012 6:38am Oct 9, 2012 6:38am
Quoting chuongio
can you link down EMA 12 and EMA 72?. i only imoving average 12 and 72.
It is the same no matter if is Simple MA , Exponential MA, or other kind.
You see the AUD USD now goes up again and your are probably stopped. The two EMA's will cross again and we will have to wait for valid buy signal .
  • #1,105
  • Oct 9, 2012 6:40am Oct 9, 2012 6:40am
Quoting fahadkw
Hi Guys,

I think its about the time to go short with EURUSD and AUDUSD , I will wait for the last candle to close below 12EMA

Regards,
hey brother you need to watch properly.... please train your eyes to understand PA....

Please!!!
  • #1,106
  • Oct 9, 2012 6:49am Oct 9, 2012 6:49am
Guys... i'm scared, i don't know if my language is good enough to make you guys understand what exactly this method is all about....

For all the newbies....

Please understand this is not a MA crossover system.... we are trading the roof and the floor here, so please have patience to get the edge....
if any doubt please post your chart before entering the trade.....
  • #1,107
  • Oct 9, 2012 6:51am Oct 9, 2012 6:51am
Quoting Moreol
It is the same no matter if is Simple MA , Exponential MA, or other kind.
You see the AUD USD now goes up again and your are probably stopped. The two EMA's will cross again and we will have to wait for valid buy signal .
i can use moving average 12 and 72
  • #1,108
  • Oct 9, 2012 6:53am Oct 9, 2012 6:53am
With the PAC, after the bounce from the 72ema, do you enter once price has closed through the whole PAC or just one line? Same with exits?

Thanks
  • #1,109
  • Oct 9, 2012 7:24am Oct 9, 2012 7:24am
Quoting benjam1n
With the PAC, after the bounce from the 72ema, do you enter once price has closed through the whole PAC or just one line? Same with exits?

Thanks
With PAC... we are still on demo so i prefer to wait to close above/below the whole PAC, however if you are experienced, then you will not wait for the price to breach the whole PAC...

the purpose of PAC is to identify the ranging market & the strength of trending market....

here is the Example.....
Attached Image
  • #1,110
  • Oct 9, 2012 7:39am Oct 9, 2012 7:39am
FX-Pro, what you fink about this entrer? coz Im fink its good with the rules.
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  • #1,111
  • Oct 9, 2012 7:53am Oct 9, 2012 7:53am
Quoting shum
FX-Pro, what you fink about this entrer? coz Im fink its good with the rules.
Nice observation shum.... i'm with you on this.....(With a small lot)

Not an A++ Trade but good to go with... let see how the price moves further...

Cheers,
FX-Pro
Attached Image
  • #1,112
  • Oct 9, 2012 7:54am Oct 9, 2012 7:54am
Quoting shum
FX-Pro, what you fink about this entrer? coz Im fink its good with the rules.
too early. Put a fib on it and you'll get a clue. Its at 23.6 now 50% is closest to 72EMA. I hope you guys are thinking short right?
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,113
  • Oct 9, 2012 7:56am Oct 9, 2012 7:56am
Quoting Davit
too early. Put a fib on it and you'll get a clue. Its at 23.6 now 50% is closest to 72EMA
Hi Davit...

Could please post your chart with Fib....

Thanks,
FX-Pro
  • #1,114
  • Oct 9, 2012 8:00am Oct 9, 2012 8:00am
Quoting FX-Pro
Hi Davit...

Could please post your chart with Fib....

Thanks,
FX-Pro
Nevermind guys my error.I was on H4 chart sorry...
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,115
  • Oct 9, 2012 8:01am Oct 9, 2012 8:01am
Quoting Davit
too early. Put a fib on it and you'll get a clue. Its at 23.6 now 50% is closest to 72EMA. I hope you guys are thinking short right?

no David, I dont think to short AUdi, price have a rejection from RN, a pin bar, and previw candle closes above pac and ema72..

oh sorry.. FX-Pro just say that-)). I think price will go up to 38.2 fib
  • #1,116
  • Oct 9, 2012 8:09am Oct 9, 2012 8:09am
Also i see that, the A/U price is at the potential area now.... but our SL may not be sufficient for this, it takes a bigger SL.....

Still, lets see...

Cheers,
FX-Pro
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  • #1,117
  • Oct 9, 2012 8:09am Oct 9, 2012 8:09am
Hi,
I'm new here at Forexfactory and your system is very nice and has promising results.

So I took this trade here. For me all required points hit here. Nice bounce from EMA 200 and RN 1.29500 futhermore a nice big candle.
Going short here.

https://dl.dropbox.com/u/2244659/For...SD-10-9-12.jpg
  • #1,118
  • Oct 9, 2012 8:11am Oct 9, 2012 8:11am
Quoting FX-Pro
Also i see that, the A/U price is at the potential area now.... but our SL may not be sufficient for this, it takes a bigger SL.....

Still, lets see...

Cheers,
FX-Pro
I move sl right like you-)
  • #1,119
  • Oct 9, 2012 8:11am Oct 9, 2012 8:11am
Quoting FX-Pro
Also i see that, the A/U price is at the potential area now.... but our SL may not be sufficient for this, it takes a bigger SL.....

Still, lets see...

Cheers,
FX-Pro
Sentiment on AU is bearish. We could see 1015...Euro is weakening now and we could see domino effect.
Keep in mind institutional money which moves the Price (not retail money)if target is not reached by 12:30pm today chances of Price reaching breaking up or down may subside and in low volume expect range wisp saw effect.
In trading, you have to be defensive and aggressive at the same time
  • #1,120
  • Oct 9, 2012 8:15am Oct 9, 2012 8:15am
Quoting Davit
Sentiment on AU is bearish. We could see 1015...Euro is weakening now and we could see domino effect.
you are right davit... i have that in my mind.... that's why with my minimum lot size on this....

Cheers,
FX-Pro
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