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Simple Money Making Method

  • #1,421
  • Oct 18, 2012 8:31am Oct 18, 2012 8:31am
Quoting fugio
Wow! nice one!
Hi Fugio thank you and green pips to you

If Euro does not break down during NY session most likely tonight beginning 12am Asia may start the rally down
Fridays traditionally are either buy or sell rallies and in Euro case down move is overdue.We are waiting for 61.8 Fib retrace minimum of 60pips down.
So stay tune tonight for London sell out.
Don't jump the gun early.Key level is 3090 even 85 not safe.Below 80 high probability.

Another thing don't look at AU short without confirming that Euro is going down as well.2 are very correlated
In trading, you have to be defensive and aggressive at the same time
  • #1,422
  • Oct 18, 2012 10:11am Oct 18, 2012 10:11am
Euro has found it difficult to close below the 23.6 FR level and neither is it able to break the prior high. I have no preconceived trade idea but will consider setting straddle POs above yesterday's high and another one below the 23.6 FR level. This way I don't miss the big move that will probably follow this consolidation.

And by the way, good trading Davit.
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #1,423
  • Oct 18, 2012 11:01am Oct 18, 2012 11:01am
Quoting 919gilead
Euro has found it difficult to close below the 23.6 FR level and neither is it able to break the prior high. I have no preconceived trade idea but will consider setting straddle POs above yesterday's high and another one below the 23.6 FR level. This way I don't miss the big move that will probably follow this consolidation.

And by the way, good trading Davit.
Hi 919
I wrote about Euro in context of Donchian rule
" Do not chase a position after a three day move. Wait for a one-day reversal to improve the risk-reward ratio."
If you look at any chart you will see the waves rarely straight line up or down.
In fact this system is based on retracement bounce towards main trend.
Call it Elliot Wave,Fib retrace,72EMA bounce makes no difference the principle is timeless.
Everything in nature travels in waves.Think even in atomic level.
I think in probabilities.What is the chance Euro retracing after 3 day move up? I would say good 75%
That's all just think in probabilities which is the real edge.
You should post often.I like your thinking.
In trading, you have to be defensive and aggressive at the same time
  • #1,424
  • Oct 18, 2012 11:16am Oct 18, 2012 11:16am
Quoting Davit
closed my 3 buys UCAD at 9825 +127 pips
Hi David, sorry but I not understand what signal for go in long you have on UCAD?
  • #1,425
  • Oct 18, 2012 11:19am Oct 18, 2012 11:19am
Quoting Davit
Hi 919
I wrote about Euro in context of Donchian rule
" Do not chase a position after a three day move. Wait for a one-day reversal to improve the risk-reward ratio."
If you look at any chart you will see the waves rarely straight line up or down.
In fact this system is based on retracement bounce towards main trend.
Call it Elliot Wave,Fib retrace,72EMA bounce makes no difference the principle is timeless.
Everything in nature travels in waves.Think even in atomic level.
I think in probabilities.What is the chance Euro retracing after...

Hi Davit,

I agree with you and will try to post more often. And maybe the things that don't fit in here, I will post in your thread since you look more at the confluence of many things adding up.

Anyway, I am beginning to get sleepy as I played some hard ones with the Euro before coming out with some small pips early this morning. I will therefore wait for proper setups or break of notably levels before entering any trade.

Take care, and see you later

George
Low Risk Low Stress High Reward High Probability Trades
  • #1,426
  • Oct 18, 2012 12:00pm Oct 18, 2012 12:00pm
Shorted gold 1748..might not be the perfect signal, but it looks like it might be rolling over and there are some supports and trend channels broken..
Hourly and Daily Chart gold below..
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Ideas shape the course of history
  • #1,427
  • Oct 19, 2012 12:26am Oct 19, 2012 12:26am
Go loonie..
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Ideas shape the course of history
  • #1,428
  • Oct 19, 2012 12:28am Oct 19, 2012 12:28am
Gold price dropping nicely vs USD.

Still in short.
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Ideas shape the course of history
  • #1,429
  • Oct 19, 2012 3:26am Oct 19, 2012 3:26am
That's my hourly chart for short setup and daily chart for confirmation and both ST and MT targets..trade is in, stop is in, time to go for shopping..TGIF!
Attached Image(s) (click to enlarge)
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Ideas shape the course of history
  • #1,430
  • Oct 19, 2012 6:24am Oct 19, 2012 6:24am
First of all I want to thank everyone for their contribution to this thread. I do see that it has a ton of potential. I wanted to see if this was the first part of a proper setup on the eur/usd 60 min. If not please let me know where I am off.

Also, can anyone tell me how to add heiken candels in another indicator window? I prefer to trade from a candle chart but like to see what heiken is showing at the same time.

Thanks

Greg
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  • #1,431
  • Oct 19, 2012 8:54am Oct 19, 2012 8:54am
Quoting Ciara
Gold price dropping nicely vs USD.

Still in short.
Nice call!
Made 26 pips! closed near the 200ema..
  • #1,432
  • Oct 19, 2012 11:25am Oct 19, 2012 11:25am
Quoting diver78
Nice call!
Made 26 pips! closed near the 200ema..
Good dive, Diver. One Q for u -- which 200 EMA did u have in mind?

Below the updated gold chart.. It looks like UFO airport from the air
Covered half..pigs gets slaugtered.

Euro doesnt wanna move..RN & expiration Friday..
Have a great weekend!
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Ideas shape the course of history
  • #1,433
  • Oct 19, 2012 1:15pm Oct 19, 2012 1:15pm
Quoting gbryant20
First of all I want to thank everyone for their contribution to this thread. I do see that it has a ton of potential. I wanted to see if this was the first part of a proper setup on the eur/usd 60 min. If not please let me know where I am off.


Thanks

Greg
Hi everyone, I have just read your thread, you are nicely motivated and sympathetic traders! I see your system puts the odds on your side if well executed, and this trading style is close to mine too (I believe in naked trading and use simplisitc EMAs to aid my quest). My past experience in trading stocks and FX (~2 years demo, trying all that overloaded indicator stuff, buit experts, and so on) started a live account with 1000$ las spring, felt as low as 250$ and stopped during summer. I have jumped back with renewed interest and strategy with your motivation helping in this for sure!

My account is recorded here at FF, so there is no hiding and will force myself to refrain from trading with my 'humph naked trading' I started with last spring.Here's two charts I began with.
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  • #1,434
  • Oct 19, 2012 4:50pm Oct 19, 2012 4:50pm
Quoting Ciara
Good dive, Diver. One Q for u -- which 200 EMA did u have in mind?

Below the updated gold chart.. It looks like UFO airport from the air
Covered half..pigs gets slaugtered.

Euro doesnt wanna move..RN & expiration Friday..
Have a great weekend!
sorry ciara.. I meant your EU trade..
got out at 3025. weekend on the horizon so I pulled the plug :-) don't trade gold... yet
good weekend and thanks!
  • #1,435
  • Oct 20, 2012 11:14pm Oct 20, 2012 11:14pm
Quoting FX-Pro
Dear folks...

Do you guys read this..... price action speaks to you so clearly.....

Just wait for the right opportunity.... to jump in....

15M Chart.... 1H Chart... & 4H Chart
Please advise the blue arrows on the screen....
  • #1,436
  • Oct 21, 2012 2:51am Oct 21, 2012 2:51am
Blue Arrows

They are put on the chart by going to Account History in MT4, click on the particular trade where you want to show your completed Buy and Sell from that trade and drag (the trade from the account history) on to the chart......and that's it............bingo, the arrows show the trade position taken for your completed trade.


Di
  • #1,437
  • Oct 21, 2012 10:21pm Oct 21, 2012 10:21pm
Quoting duffy
Blue Arrows

They are put on the chart by going to Account History in MT4, click on the particular trade where you want to show your completed Buy and Sell from that trade and drag (the trade from the account history) on to the chart......and that's it............bingo, the arrows show the trade position taken for your completed trade.


Di
Thank you Duffy......
  • #1,438
  • Oct 22, 2012 6:14am Oct 22, 2012 6:14am
Eur/Aud closed: +79pips (at 1.2616)
Looking for possible setup short on Cable, EU and AU.
I know where the market is going to move next: to the righ! XD
  • #1,439
  • Oct 22, 2012 6:57am Oct 22, 2012 6:57am
Quoting fugio
Eur/Aud closed: +79pips (at 1.2616)
Looking for possible setup short on Cable, EU and AU.

  • #1,440
  • Oct 22, 2012 8:13am Oct 22, 2012 8:13am
Quoting fugio
Eur/Aud closed: +79pips (at 1.2616)
Looking for possible setup short on Cable, EU and AU.


Good one brother...

Didn't have much time to trade/post on the thread....

struck with some traditional business...

guess the entire week will remain like this.... i may post if i trade during the week...

please stick to the basics of this method, which will earn you enough pips/month,

green pips to all...
FX-Pro
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