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Simple Money Making Method

  • #1,261
  • Oct 14, 2012 8:55pm Oct 14, 2012 8:55pm
Quoting fugio
I would open a sell position when the first candle close below the 12 ema. For me personally the candle you are pointing for entrance can work, but is a little late.
Hello Fugio,

Is that mean that you'll enter 1 candle earlier than me, and you'll enter before the 1H candle complete?

Thanks for your advice.
  • #1,262
  • Oct 14, 2012 9:43pm Oct 14, 2012 9:43pm
I see 2 options on Euro

1.Wait for Price to go up 200EMA 2927 zone and bounce down or
2.Wait for Price to reach demand zone 2836 and go long.Looking at ADX price is just above 40level which is in range sideways area.
There may not be much of movement until London
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 24 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,263
  • Oct 14, 2012 9:58pm Oct 14, 2012 9:58pm
Quoting Davit
I see 2 options on Euro

1.Wait for Price to go up 200EMA 2927 zone and bounce down or
2.Wait for Price to reach demand zone 2836 and go long.Looking at ADX price is just above 40level which is in range sideways area.
There may not be much of movement until London
I have just started reading this thread yesterday and as such I haven't even demo traded the strategy but wouldn't the 4th candle in from the right be a short entry? I'm just asking as I want to know if I see an entry as shown in Post #1. Thanks, p.
  • #1,264
  • Oct 14, 2012 10:18pm Oct 14, 2012 10:18pm
Quoting piprac
I have just started reading this thread yesterday and as such I haven't even demo traded the strategy but wouldn't the 4th candle in from the right be a short entry? I'm just asking as I want to know if I see an entry as shown in Post #1. Thanks, p.
system is based on 1hr TF but you can look at larger TF for confirmation of the trend direction.
In trading, you have to be defensive and aggressive at the same time
  • #1,265
  • Oct 14, 2012 10:49pm Oct 14, 2012 10:49pm
Quoting Davit
system is based on 1hr TF but you can look at larger TF for confirmation of the trend direction.
Yes, that I get and I can see the trend direction but my question is: is the fourth candle from the right a valid entry candle? I believe it is but would like confirmation. Thanks, p.
  • #1,266
  • Oct 14, 2012 10:56pm Oct 14, 2012 10:56pm
Quoting piprac
Yes, that I get and I can see the trend direction but my question is: is the fourth candle from the right a valid entry candle? I believe it is but would like confirmation. Thanks, p.
Its not confirmed as the text says so but if confirmed it would of been buy signal not sell.
http://www.forexfactory.com/attachme...8&d=1347536206
In trading, you have to be defensive and aggressive at the same time
  • #1,267
  • Oct 14, 2012 11:02pm Oct 14, 2012 11:02pm
For those who don't grasp the principle I'll explain in broad terms.
For every move up and down PA usually retraces Fibonacci .618(very strong)
50%(not a fib number but strong as well) and weak 23 and 38
Stronger the move up greater the retrace generally but not always so we take advantage of retrace to ride the trend in pullbacks.

I see lot of new traders on this thread.Understand that you must put effort learning about Price Action,S/R,Order Flow,Fibs to get a grasp in trading otherwise no system will make you a successful trader.
In trading, you have to be defensive and aggressive at the same time
  • #1,268
  • Oct 15, 2012 12:20am Oct 15, 2012 12:20am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Well you obviously quit reading when you saw the 90%, was an estimation when in actuality it is more like 87%. My trading success is so high because I won't take more than 3 or 4 trades a week. The success was not the message I was trying to send, the message was simply to offer help to anyone that needed it (fudamental trading, when there are no setups with this method). Was not looking to be embarrassed, or bold.

You obviously need a lesson inhumility as well- as not only did you attempt to embarrass me, you chased it and looked for more opportunities to do so.

Niether here nor there, people like you are the reason I stopped coming to this forum. And you'll be happy to know, it is once again people like you that chased me off. It's a shame - because I have 10 years of successful trading experience I could have shared.

To the traders that are here to learn, do not take this guy's lead as it is obvious he does not like to focus on trading, he focuses on embarrassing people. I would like to apologize to you, for Davit's embarrassing post.

Sorry I offended you Davit.

Quoting Davit
9er
Not to sound negative but people posting crap like you just did is why lot of great traders don't post forums like this.
Nobody's analyses is 90% success! Best traders have made millions just being accurate 20% that means 80% of times their analyses was flawed.
Nobody knows the future so by default it is statistically impossible to be 90% successful.
If you mean out of 100trades you got 90% winners I like to see a statement posted to back that up.
Donchian whom I respect tremendously father of trend following knew that
4 of out 5 trades were...
  • #1,269
  • Oct 15, 2012 12:31am Oct 15, 2012 12:31am
Good morning Guys... its nice monday morning, but office again...

give me some time to catch up with the weekend posts...

Cheers,
FX-Pro
  • #1,270
  • Edited 1:12am Oct 15, 2012 12:55am | Edited 1:12am
Quoting 9er
Well you obviously quit reading when you saw the 90%, was an estimation when in actuality it is more like 87%. My trading success is so high because I won't take more than 3 or 4 trades a week. The success was not the message I was trying to send, the message was simply to offer help to anyone that needed it (fudamental trading, when there are no setups with this method). Was not looking to be embarrassed, or bold.

You obviously need a lesson inhumility as well- as not only did you attempt to embarrass me, you chased it and looked for more opportunities...
Judging your posts based on logic is pretty weak (for a good analyst).
I only answered you once so where you get the chasing to embarrass you more come in I have no clue.
Quoting 9er
To the traders that are here to learn, do not take this guy's lead as it is obvious he does not like to focus on trading, he focuses on embarrassing people. I would like to apologize to you, for Davit's embarrassing post.
Don't speak for other traders!Very pretentious on your part!There is only one way you can own up to your boasting.Copy paste your live account results lets say last 100 trades and if true what you claim I will apologize to you promptly.
I am done with you!
In trading, you have to be defensive and aggressive at the same time
  • #1,271
  • Oct 15, 2012 1:00am Oct 15, 2012 1:00am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Davit is not a good teacher -- unless you like being caned -- I have found better threads to subscribe where no one is telling someone off or sounding like they are the only knowledgeable guru either.
Petty squabbling ruins FF -- UNSUBSCRIBE
  • #1,272
  • Oct 15, 2012 1:23am Oct 15, 2012 1:23am
Quoting FX-Pro
Good morning Guys... its nice monday morning, but office again...

give me some time to catch up with the weekend posts...

Cheers,
FX-Pro

Looks like its a bad morning looking at the conversation on the thread.... i have to rush to office, dont have much time... catch you all on US Open....

Humble request to all.... please dont Prolong this conversation anymore.... lets stop this right here, & look for some productive posts...
See ya...
FX-Pro
  • #1,273
  • Oct 15, 2012 1:28am Oct 15, 2012 1:28am
Quoting Jamz
Davit is not a good teacher -- unless you like being caned -- I have found better threads to subscribe where no one is telling someone off or sounding like they are the only knowledgeable guru either.
Petty squabbling ruins FF -- UNSUBSCRIBE
I am not a teacher but a hard working student.I share what helps me because I am generous at heart.
Traders here got privately PDF books etc from me and they know who I am.
If you are offended because I pointed out someone boasting then that's fine.
Would you rather learn from phonies or real traders.FF is full of phonies just search the system threads which die rather quickly.
Good luck
In trading, you have to be defensive and aggressive at the same time
  • #1,274
  • Oct 15, 2012 1:30am Oct 15, 2012 1:30am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Post my live account? Are you smoking crack? I live off what I make in the forex - it is MY job. The only person I need to prove anything to is my wife. If my analysis is so weak - go through and look at the charts I posted, including the last one where I warned to exit the AU short.

Every chart I posted with analysis came to fruition as I PREDICTED IT WOULD!

Notice in the chart at the completion of the Gartley (the colored butterfly), THAT is where I said it would turn around and it did (28 pips).

Damn shame because in this case it would have gone hand in hand with this method (A buy at the gartley, a close and sell at the 72 rejection).

trust me my man - I have forgotten more than you will ever know about forex trading!

Quoting Davit
Judging your posts based on logic is pretty weak (for a good analyst).
I only answered you once so where you get the chasing to embarrass you more come in I have no clue.

Don't speak for other traders!Very pretentious on your part!There is only one way you can own up to your boasting.Copy paste your live account results lets say last 100 trades and if true what you claim I will apologize to you promptly.
I am done with you!
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  • #1,275
  • Oct 15, 2012 1:31am Oct 15, 2012 1:31am
Quoting FX-Pro
Looks like its a bad morning looking at the conversation on the thread....i have to rush to office, dont have much time... catch you all on US Open....

Humble request to all.... please dont Prolong this conversation anymore.... lets stop this right here, & look for some productive posts...
See ya...
FX-Pro
Hi Saravana
Sorry about this mess.I'll stop.
In trading, you have to be defensive and aggressive at the same time
  • #1,276
  • Oct 15, 2012 1:34am Oct 15, 2012 1:34am
Hi guys,

I took it.. Not expecting much as we approach the support and the RN area, but still..Tiny stop..
Attached Image (click to enlarge)
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Ideas shape the course of history
  • #1,277
  • Oct 15, 2012 1:52am Oct 15, 2012 1:52am
Quoting Ciara
Hi guys,

I took it.. Not expecting much as we approach the support and the RN area, but still..Tiny stop..
Hi Ciara
Kind of risky because ADX is showing weakening trend,exhaustion and trend could go long once London opens.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,278
  • Oct 15, 2012 1:57am Oct 15, 2012 1:57am
Agree with you. Focus to positive thinking and helping each other, finding best way how to increase the profits, trying not to insult other members or to play God here.

Keep on the good work. Thanks.

Ciara

Quoting FX-Pro
Looks like its a bad morning looking at the conversation on the thread....i have to rush to office, dont have much time... catch you all on US Open....

Humble request to all.... please dont Prolong this conversation anymore.... lets stop this right here, & look for some productive posts...
See ya...
FX-Pro
Ideas shape the course of history
  • #1,279
  • Oct 15, 2012 2:00am Oct 15, 2012 2:00am
Agreed. Entered 6044, hence the 10 pips stop . Prefer return of investment to return on investemnt here. Still a chance to win 30 pips Thx.

Ciara

Quoting Davit
Hi Ciara
Kind of risky because ADX is showing weakening trend,exhaustion and trend could go long once London opens.
Ideas shape the course of history
  • #1,280
  • Oct 15, 2012 2:30am Oct 15, 2012 2:30am
Watching.. 90 mins to go to see if there is an edge ..
Attached Image (click to enlarge)
Click to Enlarge Name: 20121015euro1.jpg Size: 128 KB
Ideas shape the course of history
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