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Simple Money Making Method

  • #1,141
  • Oct 9, 2012 9:47am Oct 9, 2012 9:47am
Quoting FX-Pro
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
  • #1,142
  • Oct 9, 2012 9:48am Oct 9, 2012 9:48am
Ramjet, considering it seems you are also a follower of this method, can you answer my question? (about lots of trends that actually dont reject from EMA72/200 but just go straight down/up)
  • #1,143
  • Oct 9, 2012 9:56am Oct 9, 2012 9:56am
Possible short entry at NZDUSD.
Below EMA 200, bounce off EMA 72, breaktrough RN 0.82000, nice long candle.
With possible re-entry if RN 0.81500 broke.

Possible TP above RN 0.81500.

Edit: Toke trade:
SL: 0.82180
TP: 0.81528

https://dl.dropbox.com/u/2244659/For...SD-10-9-12.jpg
  • #1,144
  • Oct 9, 2012 9:57am Oct 9, 2012 9:57am
Quoting rsg10z
Ramjet, considering it seems you are also a follower of this method, can you answer my question? (about lots of trends that actually dont reject from EMA72/200 but just go straight down/up)
Hi Brother,

remember this is a probability business, You cant catch all the move, if you are able to, then, that would be the best system of all....
  • #1,145
  • Oct 9, 2012 10:01am Oct 9, 2012 10:01am
Quoting FX-Pro
Hi Brother,

remember this is a probability business, You cant catch all the move, if you are able to, then, that would be the best system of all....
its cool man. Im just asking to know if your method does "catch" this one or not

now everything is clear. thanks anyway for clarifying up!

Gonna test this method
  • #1,146
  • Oct 9, 2012 10:04am Oct 9, 2012 10:04am
Quoting rsg10z
Ramjet, considering it seems you are also a follower of this method, can you answer my question? (about lots of trends that actually dont reject from EMA72/200 but just go straight down/up)
Hi ya Rsg..

It is far better to follow the rules as FX has laid out in the very first post of this thread as this is a good system for making solid pips..

If it doesn't have a re-touch don't worry there will be another one soon enough..you could also have a little base of different pairs which you could follow for extra trades while waiting for things to line up..

Remember it's not a race, slow and steady.. so don't go pushing trades or your account may diminish for your troubles..

Cheers,
Adrian
  • #1,147
  • Oct 9, 2012 10:16am Oct 9, 2012 10:16am
Quoting Ramjet
Hi ya Rsg..

It is far better to follow the rules as FX has laid out in the very first post of this thread as this is a good system for making solid pips..

If it doesn't have a re-touch don't worry there will be another one soon enough..you could also have a little base of different pairs which you could follow for extra trades while waiting for things to line up..

Remember it's not a race, slow and steady.. so don't go pushing trades or your account may diminish for your troubles..

Cheers,
Adrian
yes thank you.

Will going to test this method soon (in fact im already short on EU since few hours ago but that was because of xman method not this one).

After quick backtesting, i think this method has lots of potential! Great and very2 simple method.
  • #1,148
  • Oct 9, 2012 10:41am Oct 9, 2012 10:41am
Guys this is a good time to buy the AU 1018
I went long irregardless to any system.This is smart value buy.Hold a week it will bounce to 25 or above.
In trading, you have to be defensive and aggressive at the same time
  • #1,149
  • Oct 9, 2012 11:00am Oct 9, 2012 11:00am
Quoting Davit
Guys this is a good time to buy the AU 1018
I went long irregardless to any system.This is smart value buy.Hold a week it will bounce to 25 or above.

...Davit, may be a good call. I like your technical views.
Is this based upon a 100% retracement of last swing?

THX - Coast01
  • #1,150
  • Oct 9, 2012 11:08am Oct 9, 2012 11:08am
Quoting Coast101
...Davit, may be a good call. I like your technical views.
Is this based upon a 100% retracement of last swing?

THX - Coast01
Costa there is nothing 100% we take calculative risks for reward.No risk No profits.Having said this optimal time to go long is when price is on whole sale prices not retail.Retail traders wait and miss 80% of the moves and buy at the top and sell at the bottom.
Reason is by the time their stoch,RSI etc tell them to buy it could be too late.
Price hit a major support.Look at left side of the chart.
Another aspect is I like going Long on AU because of positive swap.My broker charges max on shorts on AU so I generally don't short the AU.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 17 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,151
  • Oct 9, 2012 11:18am Oct 9, 2012 11:18am
Quoting Murksler
Possible short entry at NZDUSD.
...

Edit: Toke trade:
SL: 0.82180
TP: 0.81528
Put SL to EMA 72 at M1 (0.81725) because bullish movement.
Get nice +14 pips
  • #1,152
  • Oct 9, 2012 11:18am Oct 9, 2012 11:18am
Quoting Davit
Costa there is nothing 100% we take calculative risks for reward.No risk No profits.Having said this optimal time to go long is when price is on whole sale prices not retail.Retail traders wait and miss 80% of the moves and buy at the top and sell at the bottom.
Reason is by the time their stoch,RSI etc tell them to buy it could be too late.
Price hit a major support.Look at left side of the chart.
Another aspect is I like going Long on AU because of positive swap.My broker charges max on shorts on AU so I generally don't short the AU.
Could you tell me where we shoul place the SL ?
  • #1,153
  • Oct 9, 2012 12:13pm Oct 9, 2012 12:13pm
Quoting mihwan
Could you tell me where we shoul place the SL ?
Generally good idea Under major support.
Anything under 1014.
Please don't trade based what I said or posted.Trade because you see the same thing and you take responsibility of your decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 20 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,154
  • Oct 9, 2012 3:41pm Oct 9, 2012 3:41pm
Quoting fahadkw

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

Regards,
EURUSD successfully hit the target with +48 pips, AUDUSD is still ranging .

Regards,
  • #1,155
  • Oct 9, 2012 3:44pm Oct 9, 2012 3:44pm
Quoting Davit
Generally good idea Under major support.
Anything under 1014.
Please don't trade based what I said or posted.Trade because you see the same thing and you take responsibility of your decisions.
hey Davit i see the lines on the chart i know they probably to do with supply and demand but could you explain them as they seem useful
thank you.
  • #1,156
  • Oct 9, 2012 3:51pm Oct 9, 2012 3:51pm
Quoting Mr.Deghayes
hey Davit i see the lines on the chart i know they probably to do with supply and demand but could you explain them as they seem useful
thank you.
Hi brother
Horizontal lines are daily open price.Its adjustable to any time zone.Mine is -7 to match with NY close at 5pm.
I will include it on this post.Its easier to see previous day price visually so you can see where is trend going and distance how much between days.
Attached File(s)
File Type: mq4 daily_open_line.mq4   2 KB | 453 downloads
In trading, you have to be defensive and aggressive at the same time
  • #1,157
  • Oct 9, 2012 3:54pm Oct 9, 2012 3:54pm
FX-Pro ,

Don't worry about me I like to trade in live account to gain experience and train myself to control my emotions.
I have faith in your system FX-Pro and i'm trying to learn from you all guys.

Personally I like to trade using the vintage System, I did fully understand PAC thing.

Regards,
  • #1,158
  • Oct 9, 2012 4:01pm Oct 9, 2012 4:01pm
Quoting fahadkw
I placed short order on AUDUSD , target: 1.0158 and another short order on EURUSD , target: 1.2887
AU is on possible UP trend.Not Down! (10-8) 1015 (10-9) 1019 at present 10203....
In trading, you have to be defensive and aggressive at the same time
  • #1,159
  • Oct 9, 2012 4:48pm Oct 9, 2012 4:48pm
Quoting Davit
AU is on possible UP trend.Not Down! (10-8) 1015 (10-9) 1019 at present 10203....
i know others who differ but i see an up trend too.
btw davit i dont know how to add the lines with meta editor dont know how to use it
  • #1,160
  • Oct 9, 2012 4:55pm Oct 9, 2012 4:55pm
Quoting Mr.Deghayes
i know others who differ but i see an up trend too.
btw davit i dont know how to add the lines with meta editor dont know how to use it
Close meta4 1st go programs files/meta4/experts/indicators

drop it in indicator folder.Restart meta and indicator will be under custom indicators.
Once you drop on your chart then adjust the input to match 5pm New York close which is technically the start of new trading day.

To make future indicator additions easier make a short cut of that folder on the destop that way you don't need to repeat every time just drag and drop in the shortcut.
I am going to add another useful indi Quick Fibonacci
I found it to be very accurate.
Attached File(s)
File Type: mq4 QuickFib.mq4   6 KB | 557 downloads
In trading, you have to be defensive and aggressive at the same time
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