Simple Money Making Method | Page 69 | 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

  • #1,361
  • Oct 16, 2012 10:40am Oct 16, 2012 10:40am
Thank you

Quoting Ciara
Nice trade! Including the exit. Congrats.
  • #1,362
  • Oct 16, 2012 10:46am Oct 16, 2012 10:46am
Quoting pauga
Hello,

this is my trade. Profit is 101 pips. I was jus a little bit late but it gave me a better price.
Indeed amazing trade. How did you make it so the MT has drawn the trade arrow in a live trade? I am in MT4 the last 4.5 years and as far as I know such arrows are drawn only when you run an Expert Advisor in a test mode.
Enter Signature
  • #1,363
  • Oct 16, 2012 10:51am Oct 16, 2012 10:51am
Quoting V_s
Indeed amazing trade. How did you make it so the MT has drawn the trade arrow in a live trade? I am in MT4 the last 4.5 years and as far as I know such arrows are drawn only when you run an Expert Advisor in a test mode.
Go to account history, click on desirable trade and drag on the chart. And that's it.
  • #1,364
  • Oct 16, 2012 10:52am Oct 16, 2012 10:52am
There is a real chance for EURUSD to reach 1.3150 in the coming few days. Will know better in the end of tomorrow session.
Enter Signature
  • #1,365
  • Oct 16, 2012 10:53am Oct 16, 2012 10:53am
Really easy...drag and drop from account history right onto your chart.

Quoting V_s
Indeed amazing trade. How did you make it so the MT has drawn the trade arrow in a live trade? I am in MT4 the last 4.5 years and as far as I know such arrows are drawn only when you run an Expert Advisor in a test mode.
  • #1,366
  • Oct 16, 2012 10:55am Oct 16, 2012 10:55am
Quoting pauga
Go to account history, click on desirable trade and drag on the chart. And that's it.
Thanks. Worked.
Enter Signature
  • #1,367
  • Oct 16, 2012 11:04am Oct 16, 2012 11:04am
Quoting V_s
There is a real chance for EURUSD to reach 1.3150 in the coming few days. Will know better in the end of tomorrow session.
Lot of market rumors,mike heads saying the same and history shows when major sources like Bloomberg etc say BUY most likely big money goes opposite.
I won't be surprised back to 28
Be careful trading the public.
In trading, you have to be defensive and aggressive at the same time
  • #1,368
  • Oct 16, 2012 3:04pm Oct 16, 2012 3:04pm
Quoting V_s
Thanks. Worked.
Can see your 4.5 Years experience on this....
  • #1,369
  • Edited 8:25pm Oct 16, 2012 3:13pm | Edited 8:25pm
Quoting V_s
Sorry, I know you do not tolerate criticism, but did you notice that the so called "very simple method" which has very few rules in your post #1 and which been in successful use for two years got dramatically complicated just in a few weeks. I suspect new "filters" and "rules" will be added with every lost trade. I passed your way two years ago and I believe you will come there too, but do not mess with the newbies, please. Now, you can put me in your black list sir.
If you cant differentiate Fx basics & System rules even after your 4.5 years of experience, you don't fit to be here... good bye..... as you invited...
  • #1,370
  • Oct 16, 2012 5:22pm Oct 16, 2012 5:22pm
Good evening Saravana
I went strategic short on Euro at 31 and may add more shorts if London pushes higher.
This is rumor,hype driven and bloom will get busted.Price hit a resistance on the left.Blue line.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,371
  • Oct 16, 2012 6:16pm Oct 16, 2012 6:16pm
Quoting Davit
Good evening Saravana
I went strategic short on Euro at 31 and may add more shorts if London pushes higher.
This is rumor,hype driven and bloom will get busted.Price hit a resistance on the left.Blue line.
Davit,
Two things:
a) EU Summit later this week creates a lot of uncertainty and it is generally expected that Spain will formally ask for bailout at the summit which is (beleived to be ) very Euro bullish.
b) Can you recommend reading on Donchian and his system (biography too - you intrigued me - I had no idea he was an Armenian; I am not, but Armenia is not far from my old country and we even used to be the same state when I was still living there as a kid).
Thanks
  • #1,372
  • Oct 16, 2012 8:05pm Oct 16, 2012 8:05pm
Quoting MidnightRun
Davit,
Two things:
a) EU Summit later this week creates a lot of uncertainty and it is generally expected that Spain will formally ask for bailout at the summit which is (beleived to be ) very Euro bullish.
b) Can you recommend reading on Donchian and his system (biography too - you intrigued me - I had no idea he was an Armenian; I am not, but Armenia is not far from my old country and we even used to be the same state when I was still living there as a kid).
Thanks
Sorry late response.I was watching the debate.
Every trade is exposure to risk so if doesn't work no worries I just exist.

About Donchian
I am an Armenian myself.What attracts me about Donchian is how his ideas never died but in fact being implemented every day by corporate investment banking.
He seriously started trading at age 65!!!! and quickly made millions.By 75 he was partying all night and trading in the morning.The guy had a passion and it takes passionate commitment to trading to succeed and half ass efforts don't work.
Donchian principles are complex and the guy knew great deal but in a nut shell he believed once in a breakout to stay with trend until the end hence cover 4 losses for 1 big win.
Dennis Richard was a follower of Donchian system and Turtles traded his methods.
One of my favorite Donchian rule
Seldom take a position in the direction of an immediately preceding three-day move. Wait for a one-day reversal.
Fib retrace basically.
For practical reasons its hard implementing Donchian to currency because of swap and drawdown for retail trader because you must stay in the trend for months potentially however Banks have no problems doing just that.
Anyway lot of material on google about him.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,373
  • Oct 16, 2012 9:21pm Oct 16, 2012 9:21pm
This looks interesting. Thanks.
  • #1,374
  • Oct 16, 2012 10:02pm Oct 16, 2012 10:02pm
Quoting Davit
Good evening Saravana
I went strategic short on Euro at 31 and may add more shorts if London pushes higher.
This is rumor,hype driven and bloom will get busted.Price hit a resistance on the left.Blue line.
Good Morning Davit...

I dont have any position at the moment.... waiting for some strong trigger... hopefully after London open...

Good luck to you....
FX-Pro
  • #1,375
  • Oct 16, 2012 10:17pm Oct 16, 2012 10:17pm
Hi fx-pro n all members

I'm on board also

wish green pips to all

thanks
  • #1,376
  • Oct 16, 2012 10:33pm Oct 16, 2012 10:33pm
Attention folks,

worth watching this one.... keep a tab on this..
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 13 KB
  • #1,377
  • Oct 16, 2012 10:55pm Oct 16, 2012 10:55pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
FX-PRo,
Is it possible to point me to the post that updates the rules from page one?

I see from your chart that it is significantly different from the template you posted at your original posted rules?

Or maybe a "refresh" post of the most recent rules compiled into 1 new post, say and point a link to it on your Post#1?

Quoting FX-Pro
Attention folks,

worth watching this one.... keep a tab on this..
  • #1,378
  • Oct 16, 2012 10:56pm Oct 16, 2012 10:56pm
Quoting FX-Pro
Attention folks,

worth watching this one.... keep a tab on this..
A little in-depth on A/U 4H, though most of the sentiment says long, here are some barricades for bulls...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 30 KB
  • #1,379
  • Oct 16, 2012 11:02pm Oct 16, 2012 11:02pm
Quoting 9er
FX-PRo,
Is it possible to point me to the post that updates the rules from page one?

I see from your chart that it is significantly different from the template you posted at your original posted rules?

Or maybe a "refresh" post of the most recent rules compiled into 1 new post, say and point a link to it on your Post#1?

nothing different except for the replacement of 12EMA with PAC, but Yes you are right.... i need some time to consolidate.... to get the folks on right track...

thanks 9er
FX-Pro
  • #1,380
  • Oct 16, 2012 11:21pm Oct 16, 2012 11:21pm
The lines are OK. Only the time frame is 4-hourly bar chart.
The "envelopes" are 8 EMA low and 8 EMA high, 72 EMA and 200 EMA.

To get the broader picture it is wise to watch these too (H4 and D1).

My view of the benefits of 8-8 EMAs substituting the 12 EMA:

8-8 EMAs are replacing the 12 EMA in order to get the PAC (PA Channel) to serve for three reasons:
1) To determine the strength of the signal (the deeper the entry after the 72 EMA rejection, the better the signal i.e. the strenght of the entry point)
2) To avoid RANGE markets (candlesticks remain trapped inside the horizontal PAC inbetween the 8-8 EMAs), meaning that there is a good chance u lose money for indecision;
3) to better determine the strenght of the trend once u are already in (riding the vawe. i.e. the outermost EMA depending on direction - upper one when long and lower one when short) and get some help with the exit and potential reentry.

It's great. I love it.

Hope that helps.

Ciara

Quoting 9er
FX-PRo,
Is it possible to point me to the post that updates the rules from page one?

I see from your chart that it is significantly different from the template you posted at your original posted rules?

Or maybe a "refresh" post of the most recent rules compiled into 1 new post, say and point a link to it on your Post#1?
Ideas shape the course of history
1 trader viewing now