Simple Money Making Method | Page 66 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Making Money is Extremely Simple 38 replies

bo7a method... method for GBP/JPY 205 replies

Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies

Simple trading method 49 replies

Attachments: Simple Money Making Method
Exit Attachments

Simple Money Making Method

  • #1,301
  • Oct 15, 2012 2:10pm Oct 15, 2012 2:10pm
Well done, mate, happy to see the system is forgiving small steps aside .

All good and thx for reply. I'm out too. One of the reasons can be seen on the chart below.

Ciara

Quoting FX-Pro
Thank you guys.... once again.....

good night.....

Se ya all tomorrow....
bye..
Attached Image (click to enlarge)
Click to Enlarge Name: 200maBF.jpg Size: 116 KB
Ideas shape the course of history
  • #1,302
  • Oct 15, 2012 7:15pm Oct 15, 2012 7:15pm
now may be time to enter. Bounce from 72 ema, crosses 200 ema and closed above pac
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.jpg Size: 126 KB
  • #1,303
  • Oct 15, 2012 8:16pm Oct 15, 2012 8:16pm
Quoting airgead
now may be time to enter. Bounce from 72 ema, crosses 200 ema and closed above pac
I was thinking the same thing but it seems to stalling a bit
  • #1,304
  • Oct 16, 2012 3:12am Oct 16, 2012 3:12am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
If you were lucky enough to get in on the long from the AU yesterday (I just closed mine), now might be an early enough indicator to exit any long trades that you might have open (as opposed to waiting for a close below 12 ema).
Both the AU and the EU painted beautiful classic bearish butterly patterns. Given the nature of the 1H pin bar on the AU, the EU is not so evident, but in my previous experience when they "paint" things happen.

I'll be setting sell stop on the EU shortly. If you are interested please let me know!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au1h.gif Size: 51 KB
Click to Enlarge Name: eu1h.gif Size: 50 KB
  • #1,305
  • Oct 16, 2012 3:35am Oct 16, 2012 3:35am
Quoting 9er
If you were lucky enough to get in on the long from the AU yesterday (I just closed mine), now might be an early enough indicator to exit any long trades that you might have open (as opposed to waiting for a close below 12 ema).
Both the AU and the EU painted beautiful classic bearish butterly patterns. Given the nature of the 1H pin bar on the AU, the EU is not so evident, but in my previous experience when they "paint" things happen.

I'll be setting sell stop on the EU shortly. If you are interested please let me know!
What do you use to filter these harmonic patterns to increase your winning ratio, since some of them do fail?
Low Risk Low Stress High Reward High Probability Trades
  • #1,306
  • Oct 16, 2012 3:35am Oct 16, 2012 3:35am
Interesting. Im out of both pairs too.

To lean into the opposite direction it's too early IMO as we usually get at least two days of the same in a row...

Indeces have just returned back into bullish trend, wanna see some weakness first and not before the US cash markets open +30-60 mins mins..patience required. Below: hourly and daily US SnP500 Eminis (futures).

Thx for sharing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20121016ES.jpg Size: 125 KB
Click to Enlarge Name: 20121016ESd.jpg Size: 144 KB
Ideas shape the course of history
  • #1,307
  • Oct 16, 2012 4:08am Oct 16, 2012 4:08am
Quoting 9er
If you were lucky enough to get in on the long from the AU yesterday (I just closed mine), now might be an early enough indicator to exit any long trades that you might have open (as opposed to waiting for a close below 12 ema).
Both the AU and the EU painted beautiful classic bearish butterly patterns. Given the nature of the 1H pin bar on the AU, the EU is not so evident, but in my previous experience when they "paint" things happen.

I'll be setting sell stop on the EU shortly. If you are interested please let me know!
I am definitely very interested. Thanks
  • #1,308
  • Oct 16, 2012 4:14am Oct 16, 2012 4:14am
Quoting 9er
If you were lucky enough to get in on the long from the AU yesterday (I just closed mine), now might be an early enough indicator to exit any long trades that you might have open (as opposed to waiting for a close below 12 ema).
Both the AU and the EU painted beautiful classic bearish butterly patterns. Given the nature of the 1H pin bar on the AU, the EU is not so evident, but in my previous experience when they "paint" things happen.

I'll be setting sell stop on the EU shortly. If you are interested please let me know!
I am using KorHarmonics+ v6.7.13, and my patterns are quite different from yours. Are you using some proprietary indicator? Or maybe the settings are different though...
  • #1,309
  • Oct 16, 2012 4:18am Oct 16, 2012 4:18am
Quoting 9er
If you were lucky enough to get in on the long from the AU yesterday (I just closed mine), now might be an early enough indicator to exit any long trades that you might have open (as opposed to waiting for a close below 12 ema).
Both the AU and the EU painted beautiful classic bearish butterly patterns. Given the nature of the 1H pin bar on the AU, the EU is not so evident, but in my previous experience when they "paint" things happen.

I'll be setting sell stop on the EU shortly. If you are interested please let me know!
Entered EU short on M5 divergence and closed at 2890 (around the DR1) as this is a CT trade.

Thanks for the heads up
Low Risk Low Stress High Reward High Probability Trades
  • #1,310
  • Oct 16, 2012 4:33am Oct 16, 2012 4:33am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Really not sure I follow your question as to how harmonic patterns are filtered?

If you mean take signals, an ABCD pattern or butterfly rarely fails, but the premise of the setup inlies with the candle formation towards the end of any given pattern.

I guess to answer the question, the filter I use would be the Awesome Oscillator or AO, which I use to confirm a trade (often through divergence of the trend vice the direction of AO) very powerful stuff.

If you'd like send me a PM and I'll share the premise of my trades privately as I do ot want to convelude this method - deal?

Quoting 919gilead
What do you use to filter these harmonic patterns to increase your winning ratio, since some of them do fail?
  • #1,311
  • Oct 16, 2012 4:34am Oct 16, 2012 4:34am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The indicator I use, I had built especially to recognize gartley patterns. I've been trading with it for 4 years now. not sure any settings, I can look at it and tell you if you like

Quoting MidnightRun
I am using KorHarmonics+ v6.7.13, and my patterns are quite different from yours. Are you using some proprietary indicator? Or maybe the settings are different though...
  • #1,312
  • Oct 16, 2012 4:35am Oct 16, 2012 4:35am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Anytime my man! Glad to help!

Quoting 919gilead
Entered EU short on M5 divergence and closed at 2890 (around the DR1) as this is a CT trade.

Thanks for the heads up
  • #1,313
  • Oct 16, 2012 4:35am Oct 16, 2012 4:35am
Quoting 9er
Really not sure I follow your question as to how harmonic patterns are filtered?

If you mean take signals, an ABCD pattern or butterfly rarely fails, but the premise of the setup inlies with the candle formation towards the end of any given pattern.

I guess to answer the question, the filter I use would be the Awesome Oscillator or AO, which I use to confirm a trade (often through divergence of the trend vice the direction of AO) very powerful stuff.

If you'd like send me a PM and I'll share the premise of my trades privately as I do...
Will send you a PM
Low Risk Low Stress High Reward High Probability Trades
  • #1,314
  • Oct 16, 2012 4:43am Oct 16, 2012 4:43am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Price went to less than a pip of my 30 pip TP (daily goal) and is moving the other way. This candle formation is perplexing. Which I hadn't minimized the chart to eat lunch, could have closed manually. now the waiting game is on
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 50 KB
  • #1,315
  • Oct 16, 2012 4:48am Oct 16, 2012 4:48am
Quoting 9er
Price went to less than a pip of my 30 pip TP (daily goal) and is moving the other way. This candle formation is perplexing. Which I hadn't minimized the chart to eat lunch, could have closed manually. now the waiting game is on
Watching for another shorting opportunity
Low Risk Low Stress High Reward High Probability Trades
  • #1,316
  • Oct 16, 2012 5:02am Oct 16, 2012 5:02am
Quoting 9er
Price went to less than a pip of my 30 pip TP (daily goal) and is moving the other way. This candle formation is perplexing. Which I hadn't minimized the chart to eat lunch, could have closed manually. now the waiting game is on

I don't know whether you waited for the H1 close to take this trade but was wondering, would it not be better to enter from a lower time frame, when you get a signal like this, especially that it is counter trend!!! I use the M5 TF. Just a thought!!
Low Risk Low Stress High Reward High Probability Trades
  • #1,317
  • Oct 16, 2012 5:12am Oct 16, 2012 5:12am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Very true - and I've even traded like that in the past. Through the years I learned KISS approach, I validate with HIGHER time frames and trade primarily from the 1H as this is the approach that works best for me. Drilling to the lower TF's is effective also!

Gotta say this current formation on the EU is the first time ever that I have seen a bullish pinbar complete a bearish ABCD pattern. The pinbar went to within 1.2 pips of my stop loss, now it appears hung on that resistance turned support line - bizaar.

Now I am REALLY wishing I hadn't minimized my chart for lunch (Curse you Big Bang Theory!)

Quoting 919gilead
I don't know whether you waited for the H1 close to take this trade but was wondering, would it not be better to enter from a lower time frame, when you get a signal like this, especially that it is counter trend!!! I use the M5 TF. Just a thought!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 50 KB
  • #1,318
  • Oct 16, 2012 5:18am Oct 16, 2012 5:18am
Quoting 9er
Very true - and I've even traded like that in the past. Through the years I learned KISS approach, I validate with HIGHER time frames and trade primarily from the 1H as this is the approach that works best for me. Drilling to the lower TF's is effective also!

Gotta say this current formation on the EU is the first time ever that I have seen a bullish pinbar complete a bearish ABCD pattern. The pinbar went to within 1.2 pips of my stop loss, now it appears hung on that resistance turned support line - bizaar.

Now I am REALLY wishing...
Surprise is the true nature of this market, and thanks for your response
Low Risk Low Stress High Reward High Probability Trades
  • #1,319
  • Oct 16, 2012 5:28am Oct 16, 2012 5:28am
Reentry point red circle. RN bounce from the above also..

Run, Forrest stop at BE
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016euro.jpg Size: 115 KB
Ideas shape the course of history
  • #1,320
  • Oct 16, 2012 5:36am Oct 16, 2012 5:36am
Quoting 9er

Gotta say this current formation on the EU is the first time ever that I have seen a bullish pinbar complete a bearish ABCD pattern. The pinbar went to within 1.2 pips of my stop loss, now it appears hung on that resistance turned support line - bizaar.
Thats because its not a bullish pin bar, they are only formed at the bottom of a downtrend, that candle at the top of an uptrend is a bearish hanging man (although not very reliable without confirmation) and that one especially has a higher close than the candle before it, making it equally not very reliable.
6 traders viewing now