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Simple Money Making Method

  • #1,121
  • Oct 9, 2012 8:16am Oct 9, 2012 8:16am
Quoting Murksler
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.
I also sell on your level, but closed the operation because ma 72 its steel above MA200
  • #1,122
  • Oct 9, 2012 8:17am Oct 9, 2012 8:17am
Quoting shum
I move sl right like you-)
hope you are on demo on this....
  • #1,123
  • Oct 9, 2012 8:19am Oct 9, 2012 8:19am
Quoting FX-Pro
hope you are on demo on this....
right, on demo
  • #1,124
  • Oct 9, 2012 8:21am Oct 9, 2012 8:21am
Quoting shum
I also sell on your level, but closed the operation because ma 72 its steel above MA200
+20 Pips -> SL = BE
Going still south.
  • #1,125
  • Oct 9, 2012 8:22am Oct 9, 2012 8:22am
Quoting shum
right, on demo
Good for you until u get confident on this method....

Cheers,
FX-Pro
  • #1,126
  • Oct 9, 2012 8:23am Oct 9, 2012 8:23am
Quoting Murksler
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
Are you on BE Now....? its +25 pips now... & approaching RN
  • #1,127
  • Oct 9, 2012 8:26am Oct 9, 2012 8:26am
Quoting shum
right, on demo
Demo trading is bad for health.Seriously.
Open small account at Oanda and trade 15, 20C lots
Without emotional investment you are just masturbating on demo and learning bad habits.
Sorry could not help it.
In trading, you have to be defensive and aggressive at the same time
  • #1,128
  • Oct 9, 2012 8:26am Oct 9, 2012 8:26am
Quoting FX-Pro
Are you on BE Now....? its +25 pips now... & approaching RN
Yes,
took SL to 1.29266. So I'm 6 pips positiv, no matter what.
  • #1,129
  • Oct 9, 2012 8:34am Oct 9, 2012 8:34am
Quoting Murksler
Yes,
took SL to 1.29266. So I'm 6 pips positiv, no matter what.
good keep it up....
  • #1,130
  • Oct 9, 2012 8:45am Oct 9, 2012 8:45am
Quoting FX-Pro
good keep it up....
Hit trailing stop with +9 pips.
  • #1,131
  • Oct 9, 2012 8:59am Oct 9, 2012 8:59am
Quoting Murksler
Hit trailing stop with +9 pips.
you could have closed it when approaching RN that was close to 30 pips, a 1:1 RR for you SL,

don't try to hold all the trades, to hold the trade for a long time, you should look at the bigger picture (higher time frame) if that favors your entry you can hold or else get out as soon as you hit the 1:1 .....

anyways, that was a good catch... keep going...

Cheers,
FX-Pro
  • #1,132
  • Oct 9, 2012 9:00am Oct 9, 2012 9:00am
Quoting Davit
Demo trading is bad for health.Seriously.
Open small account at Oanda and trade 15, 20C lots
Without emotional investment you are just masturbating on demo and learning bad habits.
Sorry could not help it.
I squandered enough money to understand what is it forex and live account , now I look at the demo as an opportunity
  • #1,133
  • Oct 9, 2012 9:06am Oct 9, 2012 9:06am
Quoting FX-Pro
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.....
Dear,
Looking at this chart please explain what is MA cross over and what is rejection candle exactly. The candle with red arrow top or the big candle after. And where is roof and floor?
I hope you dont mind this basic question again ,
Thanks
Attached Image (click to enlarge)
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  • #1,134
  • Oct 9, 2012 9:07am Oct 9, 2012 9:07am
Sorry, what PAC stands for and RN?
  • #1,135
  • Oct 9, 2012 9:09am Oct 9, 2012 9:09am
Hi
I noticed there are 3 EMA now!
I thought there are only 12 and 72 EMA
whats the the 3rd one please and whats its used for?
Thanks
  • #1,136
  • Oct 9, 2012 9:29am Oct 9, 2012 9:29am
Quoting newride
Dear,
Looking at this chart please explain what is MA cross over and what is rejection candle exactly. The candle with red arrow top or the big candle after. And where is roof and floor?
I hope you dont mind this basic question again ,
Thanks
Hope this helps...

Cheers,
FX-Pro
Attached Image (click to enlarge)
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  • #1,137
  • Oct 9, 2012 9:35am Oct 9, 2012 9:35am
hello sir, i have a question regarding your method

it's written in first page you are looking for a "one single bar rejecting from 72 EMA" but there are lots of "strong trends" that dont reject from 72 EMA but just go through it. Here's one example (check attachment file). Did you go short on it?

one more question, are you looking for rejection of EMA 72 or EMA 200 or basically anyone of these two?
Attached Image (click to enlarge)
Click to Enlarge Name: question.jpg Size: 195 KB
  • #1,138
  • Oct 9, 2012 9:38am Oct 9, 2012 9:38am
Quoting Uae
Hi
I noticed there are 3 EMA now!
I thought there are only 12 and 72 EMA
whats the the 3rd one please and whats its used for?
Thanks
Hi ya Uae

200ema..
Trade long when 12/72ema above 200ema... and short when 12/72ema below 200ema..

Cheers,
Adrian
  • #1,139
  • Oct 9, 2012 9:38am Oct 9, 2012 9:38am
Quoting FX-Pro
Hope this helps...

Cheers,
FX-Pro
Hi Fx-Pro,

As you have said you are using this system by 2 years. So I would like to know how many pips have you gotten by month.

Best regards,
  • #1,140
  • Oct 9, 2012 9:41am Oct 9, 2012 9:41am
Quoting fttrdr
Sorry, what PAC stands for and RN?
Hi ya Fttrdr..

PAC : Price Action Channel http://www.forexfactory.com/showthre...31#post6067831

RN : Round Number

Cheers,
Adrian
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