Simple Money Making Method | Page 67 | 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

  • #1,321
  • Oct 16, 2012 5:50am Oct 16, 2012 5:50am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I am actually looking to re-enter short depending on the current candle and how it shapes up.

Believe that spike to be the result of the EUR news release (trade balance)

sometimes the premise is: if the B to C leg is formed in a few short bars, then the C to D leg could be extended to the 127 - 161.8 fibs (of the A to B leg), which it is currently at (161 to be precise).

Daily pivot at Psycho 1.30000, current candle formation at close will be my "tell"
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 41 KB
  • #1,322
  • Oct 16, 2012 6:02am Oct 16, 2012 6:02am
Wow...eyes popping..

With all due respect, I see no reson to short it here, having in mind the simple method we use at this thread. It is only the Q of adding to the position or determining the exit.

IMHO only. All good!

Quoting 9er
I am actually looking to re-enter short depending on the current candle and how it shapes up.

Believe that spike to be the result of the EUR news release (trade balance)

sometimes the premise is: if the B to C leg is formed in a few short bars, then the C to D leg could be extended to the 127 - 161.8 fibs (of the A to B leg), which it is currently at (161 to be precise).

Daily pivot at Psycho 1.30000, current candle formation at close will be my "tell"
Ideas shape the course of history
  • #1,323
  • Oct 16, 2012 6:03am Oct 16, 2012 6:03am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Your literal interpretation of my use of the term pinbar got me in trouble. Apologies for that, and YES you are absolutley right it is NOT a bullish pinbar by virtue of where it formed. Was an anology in that pinbar (while is a bullish candle, closed higher thn it opened) formed at the closure of an ABCD pattern.

Very well spotted.

Quoting ohammond
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.
  • #1,324
  • Oct 16, 2012 7:02am Oct 16, 2012 7:02am
That was a fast train..Jumped off the wagon on that ramp higher.
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016EURO1.jpg Size: 111 KB
Ideas shape the course of history
  • #1,325
  • Oct 16, 2012 7:12am Oct 16, 2012 7:12am
Quoting Ciara
That was a fast train..Jumped off the wagon on that ramp higher.
Good one brother.... nice bounce from support (Resistance turned as support)

i missed it though...

the first pull back after a new trend is the most reliable entry...

keep it up

Cheers,
FX-Pro
  • #1,326
  • Oct 16, 2012 7:13am Oct 16, 2012 7:13am
Missed that one..what an entry that was....

Go SM3..
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016eurcad.jpg Size: 107 KB
Ideas shape the course of history
  • #1,327
  • Edited 7:28am Oct 16, 2012 7:15am | Edited 7:28am
A strong momentum is required to enter the reversal......

one of the most respected resistance zone.... worth watching it....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 28 KB
  • #1,328
  • Oct 16, 2012 7:23am Oct 16, 2012 7:23am
Hi FX-Pro,
I'm new to this thread. I like the kis-approach. You added pac to your strat? Whats pac stands for pls? Sorry if i look silly asking.
Tnx,
  • #1,329
  • Oct 16, 2012 7:26am Oct 16, 2012 7:26am
Quoting Ciara
Missed that one..what an entry that was....

Go SM3..
you need multiple screen to watch all the pairs.... i don't know how far this method is successful with other pairs.

At the moment i trade only AU,EU,GU & NU, slowly i'm catching up with USD/CAD too... & i finding difficult to catch the wave with other pairs.... except for A/U, guess it will take some more time.

Cheers,
FX-Pro
  • #1,330
  • Oct 16, 2012 7:34am Oct 16, 2012 7:34am
Quoting Ciara
Missed that one..what an entry that was....

Go SM3..
Here is another one missedout.... from NZU/USD 1H
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 22 KB
  • #1,331
  • Oct 16, 2012 7:40am Oct 16, 2012 7:40am
Maybe an entry at NZD/USD.
Bounce from RN 0.81500.

https://dl.dropbox.com/u/2244659/For...D-10-16-12.jpg
  • #1,332
  • Oct 16, 2012 7:41am Oct 16, 2012 7:41am
Quoting FX-Pro
Here is another one missedout.... from NZU/USD 1H
One more from USD/CAD....
Attached Image
  • #1,333
  • Oct 16, 2012 7:44am Oct 16, 2012 7:44am
Hope all my moving averages are with the right specifications today
  • #1,334
  • Oct 16, 2012 7:45am Oct 16, 2012 7:45am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Very nice move - maybe I should give USD/CAD another look~!

Quoting FX-Pro
One more from USD/CAD....
  • #1,335
  • Oct 16, 2012 7:50am Oct 16, 2012 7:50am
Quoting FX-Pro
A strong momentum is required to enter the reversal......

one of the most respected resistance zone.... worth watching it....
Did you guys see this, take a look on A/U, nice move as expected...
  • #1,336
  • Oct 16, 2012 7:52am Oct 16, 2012 7:52am
Quoting FX-Pro
Did you guys see this, take a look on A/U, nice move as expected...
Can't expect much as the MAs are just below the price... meaning not much room to make pips.... still... you never know this queen (my A/U)
  • #1,337
  • Oct 16, 2012 8:29am Oct 16, 2012 8:29am
Waiting for CLX12- november crude oil futures contract playing w 200 EMA and 72 EMA.. a bit of a range setup, but she's a wild animal..
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016CLX.jpg Size: 111 KB
Ideas shape the course of history
  • #1,338
  • Oct 16, 2012 8:33am Oct 16, 2012 8:33am
..and scared to death :S..

Quoting Ciara
Waiting for CLX12- november crude oil futures contract playing w 200 EMA and 72 EMA.. a bit of a range setup, but she's a wild animal..
Ideas shape the course of history
  • #1,339
  • Oct 16, 2012 8:40am Oct 16, 2012 8:40am
Way to go..needs to break these lines first.. lemme in...
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016Aussie.jpg Size: 138 KB
Ideas shape the course of history
  • #1,340
  • Oct 16, 2012 8:58am Oct 16, 2012 8:58am
That was a quick one. 70 cents a barrel. I think I should let u breathe now.. Time for mojito..

Quoting Ciara
..and scared to death :S..
Attached Image (click to enlarge)
Click to Enlarge Name: 20121016CLX2.jpg Size: 108 KB
Ideas shape the course of history
7 traders viewing now