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Simple Money Making Method

  • #1,401
  • Oct 17, 2012 10:22am Oct 17, 2012 10:22am
[quote=FX-Pro;6107853][quote=shovon;6107705]Hi Fx-Pro,

I'm a newbie in this trading and searching for new techniques/ methods of trading. Although I use few techniques successfully on currency pairs like eur/usd, usd/chf, gbp/usd and eur/jpy, but my all techniques doesn't suit with Aud/Usd. Your one seems very effective on this pair. But, I've few things to know before trying your one as below:
Quoting shovon

I'm totally opposite to you... i'm good only with A/U, slowly catching up with other pairs now.... A/U is one of the steady pair, you will learn...
Thanks FX-Pro for your reply.... I'll try your technique and also follow your thread for your updates....
  • #1,402
  • Oct 17, 2012 10:30am Oct 17, 2012 10:30am
Good trade on AUD/USD. My exit was too early, I was afraid of 200ema in H4 chart. So made 48 pips.
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  • #1,403
  • Oct 17, 2012 10:39am Oct 17, 2012 10:39am
Quoting pauga
Good trade on AUD/USD. My exit was too early, I was afraid of 200ema in H4 chart. So made 48 pips.
Good one...

that's the reason i divide my lots into two, close one with the 1:1 & ride the other half with BE/trialing...

keep it up...
FX-Pro
  • #1,404
  • Oct 17, 2012 10:44am Oct 17, 2012 10:44am
Thank you FX-Pro for this method!
And thank you Davit for this:
"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."
It opened my eyes
  • #1,405
  • Oct 17, 2012 10:53am Oct 17, 2012 10:53am
Good morning Davit...

Your positions with E/U are still in the safer zones i guess...
  • #1,406
  • Oct 17, 2012 11:01am Oct 17, 2012 11:01am
Hi guys good morning from Boston!
Things I am looking.
1.AU has shoot up way too high without any retrace.As you can see from my chart retrace comes nicely back to 38.2 200EMA bounce or 61.8
I think AU has reached its exhaustion point.
2.EU 3170 key resistance and supply zone.Price most likely to reverse or retrace Fib 61.8 I have sell limit at 3170

Just sharing my thought process.
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In trading, you have to be defensive and aggressive at the same time
  • #1,407
  • Oct 17, 2012 11:07am Oct 17, 2012 11:07am
Quoting FX-Pro
Good morning Davit...

Your positions with E/U are still in the safer zones i guess...
Good morning Saravana
I closed my short with +6pips but added more on my limit sell at 3170

Take a look at the Cad. I have 3 limit buys 9790/80 and 2x9750
Price most likely bounce back.
Cad is safer buy because my broker charges very little for holding.Its on the verge of breaking 98 to 99 and break the downtrend cycle.
In trading, you have to be defensive and aggressive at the same time
  • #1,408
  • Oct 17, 2012 1:38pm Oct 17, 2012 1:38pm
Quoting FX-Pro
Hi D78,

Welcome aboard!

Its is not a bounce, its a cross, bounce will appear followed by a pull back.

Cheers,
FX-Pro
Oops.. sorry! I´ve been trying your system for 2 weeks now, but never tried an entry on a bounce/cross of a RN.. I misread the signal (I´m still a noob with a "happy trigger")...

I did enter long though.. but managed to get out with +13 pips.

The rules of this system have helped me to introduce some discipline to my trading.. I will continue my research on this thread to refine my entries according to the rules.
Thanks
  • #1,409
  • Oct 17, 2012 10:38pm Oct 17, 2012 10:38pm
Hi everyone! Got back from work.
My buy limits are triggered on UCAD
9770 1lot 9785 1lot 97901lot
2lot waiting at 9750 to be activated if price reaches.

Looking closely at AU for shorts.Maybe bears might take over once we hit 1040.
Guys be patient shorting AU.Wait for signs.On this level going long on AU not recommended because 80% of the move has already transpired.
In trading, you have to be defensive and aggressive at the same time
  • #1,410
  • Oct 17, 2012 11:12pm Oct 17, 2012 11:12pm
hi Davit would you consider a re entry short on euro if it breaks 72 ema.
  • #1,411
  • Oct 17, 2012 11:52pm Oct 17, 2012 11:52pm
Quoting newride
hi Davit would you consider a re entry short on euro if it breaks 72 ema.
Key number is 3090 if breaks then we could be looking 40-50pip down initially
We have to wait for confirmation of down move.
In trading, you have to be defensive and aggressive at the same time
  • #1,412
  • Oct 18, 2012 4:54am Oct 18, 2012 4:54am
Whats up with the market side-way...

Lots of red news.... looks like no trade day!!!
  • #1,413
  • Oct 18, 2012 8:38am Oct 18, 2012 8:38am
Hi guys

Possible set up in couple of hours or so..waiting bullish candle close above ema 12...comments are wellcome


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  • #1,414
  • Oct 18, 2012 9:11am Oct 18, 2012 9:11am
I'm squeezing every pip I can! Yesterday I open a position short on Eur/Aud 1.2692 and still holding. It was a little difcult because I get stopped out one time before the trend develop well. Lets see.

Best of luck!
I know where the market is going to move next: to the righ! XD
  • #1,415
  • Oct 18, 2012 9:33am Oct 18, 2012 9:33am
Quoting fugio
I'm squeezing every pip I can! Yesterday I open a position short on Eur/Aud 1.2692 and still holding. It was a little difcult because I get stopped out one time before the trend develop well. Lets see.

Best of luck!
Fugio,
What is yr setup ...is it a SM3 setup..the price you entered was before
ema 12 crossed..can post yr chart please?
  • #1,416
  • Oct 18, 2012 10:03am Oct 18, 2012 10:03am
Quoting Davit
Good morning Saravana
I closed my short with +6pips but added more on my limit sell at 3170

Take a look at the Cad. I have 3 limit buys 9790/80 and 2x9750
Price most likely bounce back.
Cad is safer buy because my broker charges very little for holding.Its on the verge of breaking 98 to 99 and break the downtrend cycle.
Hi Davit,
I had a look at this pair earlier when it was going down but now it it has made a move up about 30-40 pips. I would have traded that pair but I was already in EU and GU.
congrats if you are still in it
cheers Mayin
  • #1,417
  • Oct 18, 2012 10:03am Oct 18, 2012 10:03am
Quoting Davit
Hi everyone! Got back from work.
My buy limits are triggered on UCAD
9770 1lot 9785 1lot 97901lot
2lot waiting at 9750 to be activated if price reaches.

Looking closely at AU for shorts.Maybe bears might take over once we hit 1040.
Guys be patient shorting AU.Wait for signs.On this level going long on AU not recommended because 80% of the move has already transpired.
closed my 3 buys UCAD at 9825 +127 pips
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 16 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,418
  • Oct 18, 2012 10:04am Oct 18, 2012 10:04am
Hi Zimarz!
I took a counter trade. Price bounce on my S/R area and I took a counter trade when the setup take place. first time I get stopped out, second time the trend started. Traget was originally the 72 ema, but when the price arrived there was a so strong momentum and cross it so far that I get confidence and stayed on trail.
Attached Image (click to enlarge)
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I know where the market is going to move next: to the righ! XD
  • #1,419
  • Oct 18, 2012 10:05am Oct 18, 2012 10:05am
Quoting MayinFx
Hi Davit,
I had a look at this pair earlier when it was going down but now it it has made a move up about 30-40 pips. I would have traded that pair but I was already in EU and GU.
congrats if you are still in it
cheers Mayin
I closed them because Euro would not break down.I will buy again once it hits that zone again.
Thks
In trading, you have to be defensive and aggressive at the same time
  • #1,420
  • Oct 18, 2012 10:06am Oct 18, 2012 10:06am
Quoting Davit
closed my 3 buys UCAD at 9825 +127 pips

Wow! nice one!
I know where the market is going to move next: to the righ! XD
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