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Simple Money Making Method

  • #1,181
  • Oct 10, 2012 5:06am Oct 10, 2012 5:06am
Quoting dundifx
Isnīt it a long valid signal?
Which one?
  • #1,182
  • Oct 10, 2012 5:08am Oct 10, 2012 5:08am
Quoting FX-Pro
Which one?
Long - AU H1 3 candles before.
  • #1,183
  • Oct 10, 2012 5:10am Oct 10, 2012 5:10am
Quoting FX-Pro
Which one?
oops... i got it....

you mean on the chart i posted....?

Yes it is... its a reject from the RN Close above the PAC.... but just 20 Pips trade huh.... not my kind of trade it is...

Cheers,
FX-Pro
  • #1,184
  • Oct 10, 2012 5:14am Oct 10, 2012 5:14am
Quoting FX-Pro
oops... i got it....

you mean on the chart i posted....?

Yes it is... its a reject from the RN Close above the PAC.... but just 20 Pips trade huh.... not my kind of trade it is...

Cheers,
FX-Pro
I got a long at 1,02381
  • #1,185
  • Oct 10, 2012 8:43am Oct 10, 2012 8:43am
Hello!

I have been reading the whole topic yesterday and I love the way of trading. I was scanning some pairs for potential setups and I spotted a sell on NZDUSD.

I know it's not completely according the rules, since the candle didn't close below the lower ma 8, but since it tested the RN, top channel and the candle closed below the ma 72 I couldn't resist to take this one (trading on demo atm).

Downside of this trade is a strong resistance at 0.81500. The idea is to close half position at 0.81500 and let the rest go (BE when we are close to this number).

Feel free to give your thoughts!

Kind Regards,
Diego
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  • #1,186
  • Oct 10, 2012 8:52am Oct 10, 2012 8:52am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Now THIS is a system I can rock to. Love moving averages, never used 72 EMA before but this looks very, very promising! Plan to build a template and apply to the E/U. I am subscribed! Awesome!

Quoting FX-Pro
Hey Guys....

I've been trading this Method for almost 2 Years Now... with 80%+ Winning rate...

This is the Cream of what I've learnt from different Forum/thread.... used almost every indicator available.... tried all possible combinations…

Finally Ended up With Price Action, Supply Demand & the Trend.... this is more than enough to make pretty good money from this business... & I’m the witness for it.

Objective of this thread….

To Help Newbies, & to Learn from the Experts.

Who Can Trade This?

This method...
  • #1,187
  • Oct 10, 2012 9:29am Oct 10, 2012 9:29am
heads up.Could effect USD pairs
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #1,188
  • Oct 10, 2012 5:27pm Oct 10, 2012 5:27pm
If trading AU you must pay attention here tonight

If the numbers are positive I'll be long if not then I may jump on Bear camp.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #1,189
  • Oct 10, 2012 8:58pm Oct 10, 2012 8:58pm
hi guys, been waiting for this one in the EU last night but missed it as it cut too far into bed time. can i get another confirmation that this is the correct entry signal based purely on the technicals of this system? thanks.

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  • #1,190
  • Oct 10, 2012 10:03pm Oct 10, 2012 10:03pm
Quoting uilymmik
hi guys, been waiting for this one in the EU last night but missed it as it cut too far into bed time. can i get another confirmation that this is the correct entry signal based purely on the technicals of this system? thanks.

Attachment
If looking for short you missed 90% of the move from 2890 now highly probable for price to resume uptrend.
In trading, you have to be defensive and aggressive at the same time
  • #1,191
  • Oct 10, 2012 10:19pm Oct 10, 2012 10:19pm
Quoting Davit
If looking for short you missed 90% of the move from 2890 now highly probable for price to resume uptrend.
thanks davit. should've said entry immediately following the bar closing below 12. yes way to late to catch that one now just confirming in hindsight so i can confidently pin the next.
  • #1,192
  • Oct 10, 2012 10:38pm Oct 10, 2012 10:38pm
Quoting uilymmik
thanks davit. should've said entry immediately following the bar closing below 12. yes way to late to catch that one now just confirming in hindsight so i can confidently pin the next.
I am sure EMA's are holly grail which means 95% of Forex losers are missing them.Funny dacades of trading they could not figure that out.....
In trading, you have to be defensive and aggressive at the same time
  • #1,193
  • Oct 10, 2012 11:13pm Oct 10, 2012 11:13pm
The day may remain up until the Us news release - trade balance & unemployment claims

Expecting a retrace now as the price hit the 4H 200EMA....

Any one else with me on this.....
Attached Image
  • #1,194
  • Oct 10, 2012 11:19pm Oct 10, 2012 11:19pm
Quoting Davit
I am sure EMA's are holly grail which means 95% of Forex losers are missing them.Funny dacades of trading they could not figure that out.....
i like what i see here very much and can also feel my own grail brewing with this EMA's setup. sadly speaking as a loser (well, a serial breakeven-er) though is that knowing that something works and having the confidence/patience to stick to it right to the end don't always come hand-in-hand. <sigh>
  • #1,195
  • Oct 10, 2012 11:39pm Oct 10, 2012 11:39pm
Quoting FX-Pro
The day may remain up until the Us news release - trade balance & unemployment claims

Expecting a retrace now as the price hit the 4H 200EMA....

Any one else with me on this.....
I am short on AU from 27 rather risky...unemployment numbers on AU were not that stellar and this spike up was driven by Asia.
Its very probable London could push it down to 25 or less.
Another scenario is push up to 32 then drive down to 25. major news release on US unemployment tomorrow morning and if positive we could see 1020 again if negative buckle seat belts.
In trading, you have to be defensive and aggressive at the same time
  • #1,196
  • Oct 10, 2012 11:44pm Oct 10, 2012 11:44pm
Quoting uilymmik
i like what i see here very much and can also feel my own grail brewing with this EMA's setup. sadly speaking as a loser (well, a serial breakeven-er) though is that knowing that something works and having the confidence/patience to stick to it right to the end don't always come hand-in-hand. <sigh>
good luck.I was just trying to hint that trading requires much more then following EMA's unfortunately lot of newbies get slaughtered before realizing how hard trading is.
No sugar coating.Get real study hard,trade less,hold trade longer TF and we got a chance.
In trading, you have to be defensive and aggressive at the same time
  • #1,197
  • Oct 11, 2012 12:31am Oct 11, 2012 12:31am
Quoting Davit
I am short on AU from 27 rather risky...unemployment numbers on AU were not that stellar and this spike up was driven by Asia.
Its very probable London could push it down to 25 or less.
Another scenario is push up to 32 then drive down to 25. major news release on US unemployment tomorrow morning and if positive we could see 1020 again if negative buckle seat belts.
Thanks for that davit, as always....

i'l keep a tab on that....

Cheers,
FX-Pro
  • #1,198
  • Oct 11, 2012 2:10am Oct 11, 2012 2:10am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I know most traders trade the A/U - I however can't stomach the spread. Applying to the 15m EU (normally not a short term scalper) but wanted to test this on the EU. Was just triggered into this trade (demo)
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  • #1,199
  • Oct 11, 2012 2:20am Oct 11, 2012 2:20am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
9er EU Scalp
I know most traders trade the A/U - I however can't stomach the spread. Applying to the 15m EU (normally not a short term scalper) but wanted to test this on the EU. Was just triggered into this trade (demo)
9er, I think you should be looking at 1 hour TF and your buy/sell be at the end of the first candle to cross both ema's not as low as your present entry on the 15minute chart. So, on the 1 hour there is no deal yet. Read all posts at least the early ones and you will catch on how this system works....
Happy Trading,
James.
  • #1,200
  • Oct 11, 2012 2:40am Oct 11, 2012 2:40am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Thanks James - I am a pretty well versed trader (10 years) but have a propensity to be impatient. I have a pretty firm grasp of this system having traded moving averages for the last 3 years (although never the 72). I prefer the EU, and as you pointed out the entry isn't there on the 1h. Just testing the waters - appreciate your feedback!

Incidentally I was stopped out on the EU short 15Tf

Quoting Jamz
9er, I think you should be looking at 1 hour TF and your buy/sell be at the end of the first candle to cross both ema's not as low as your present entry on the 15minute chart. So, on the 1 hour there is no deal yet. Read all posts at least the early ones and you will catch on how this system works....
Happy Trading,
James.
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