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Simple Money Making Method

  • #1,461
  • Oct 23, 2012 7:11am Oct 23, 2012 7:11am
Quoting Zimarz
If you need that, you may visit sonic r thread and get it fm there..
those ranges are good for setting TP.

regards

zimarz
Thanks, will most certainly do that.
  • #1,462
  • Oct 23, 2012 7:20am Oct 23, 2012 7:20am
Quoting MidnightRun
Thanks, will most certainly do that.

sorry..I cant post because it comes together with the template.


  • #1,463
  • Oct 23, 2012 8:58am Oct 23, 2012 8:58am
Quoting Ciara
Took it 1.2850..a bit of frontrunning x25pips

lol...while uploading run 20 pips higher..stop @BE

Took one half off +32 pips..the rest trailing 20 pips stop..profits are in
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Ideas shape the course of history
  • #1,464
  • Oct 23, 2012 3:35pm Oct 23, 2012 3:35pm
hey guys just trying to pick up this method of trading and setting up my platform. Im using meta 4 trader with a demo account just want to know when you guys talk about the pac indicator i know it stands for the price action channel but i can't find it in the indicators on the meta 4 trader platform help
  • #1,465
  • Oct 23, 2012 4:05pm Oct 23, 2012 4:05pm
Quoting well0143
hey guys just trying to pick up this method of trading and setting up my platform. Im using meta 4 trader with a demo account just want to know when you guys talk about the pac indicator i know it stands for the price action channel but i can't find it in the indicators on the meta 4 trader platform help

Haven't found one either . So, set up: 8 EMA Hi, 8 EMA Low (i left the previousely set 12 EMA Close too), and here u are, 8-8 PAC, Price Action Channel. How to use it, u can find in FX-Pro's previous posts - please do your homework and read the entire (most of it) thread first, as you will get many answers to your additional Q's in advance.

Please note, that we are NOT trading the EMAs (like crossover tecniques etc, where MAs give the signal), but the PA itself. EMAs serve as help to better orientate yourself. EMAs and all of the indicators are lagging behind the PA. That's crucial. PAC is NOT the Bollinger Band or anything similar. It's just a road on a map. U have to drive yourself.

Hope that helps.
Ideas shape the course of history
  • #1,466
  • Oct 23, 2012 4:32pm Oct 23, 2012 4:32pm
The life of a trading system on Forex Factory

5. We need more indicators! Market conditions change and the system loses money a few days in a row. Clearly it has to be adjusted. How? By adding more indicators to filter out the bad trades. It’s very easy, isn't it? Just add something that would have kept one out of the last losing trade. It doesn't matter that the very same filter would also prevent one from taking many of the trades that turned out to be winners. Nobody bothers to back test this. So … let’s add the stochastic … the 200 EMA … examine the higher time frame … check the daily range … put the Renko bars to smooth it … the TDI works best … I would add the Bollinger bands …
It takes a lot for me to IGNORE you, but you can try.
  • #1,467
  • Oct 23, 2012 4:36pm Oct 23, 2012 4:36pm
Quoting Ciara
Haven't found one either . So, set up: 8 EMA Hi, 8 EMA Low (i left the previousely set 12 EMA Close too), and here u are, 8-8 PAC, Price Action Channel. How to use it, u can find in FX-Pro's previous posts - please do your homework and read the entire (most of it) thread first, as you will get many answers to your additional Q's in advance.

Please note, that we are NOT trading the EMAs (like crossover tecniques etc, where MAs give the signal), but the PA itself. EMAs serve as help to better orientate yourself. EMAs and all of the indicators...
Hey Ciara, thank you very much i have been reading the all the posts but its a lot to take in because there are things that are talked about that i don't understand that well. thank you for your post this helps a lot!!!
  • #1,468
  • Oct 23, 2012 9:36pm Oct 23, 2012 9:36pm
Good move with asian session.... Missed it
  • #1,469
  • Oct 23, 2012 10:37pm Oct 23, 2012 10:37pm
Don't like the range market resistance overhead and like the support line below, so took it small, tight 20 pips x. Will add to position once it crosses the load overhead..

@EREBUS ..after decade of using tonnes of indicators..skipped them in favour of PA and KIS. Not using the MT4 for trading, but agreed on the TDI..posting below that one as well..
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Ideas shape the course of history
  • #1,470
  • Oct 23, 2012 10:56pm Oct 23, 2012 10:56pm
Just heads up what's coming up on Weds morning.

I sense news won't be good for Euro so sentiment after news could be downtrend
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #1,471
  • Oct 23, 2012 11:12pm Oct 23, 2012 11:12pm
Quoting Davit
Just heads up what's coming up on Weds morning.

I sense news won't be good for Euro so sentiment after news could be downtrend
Keep a tab on this guys...
  • #1,472
  • Oct 23, 2012 11:26pm Oct 23, 2012 11:26pm
While we wait for London session to open and give more life (liquidity) to this market, in the chart below, there is my personal view of the internal structure of eurusd. We also have Federal Reserve FOMC meeting later in the day. It won't be boring.
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Ideas shape the course of history
  • #1,473
  • Oct 24, 2012 12:14am Oct 24, 2012 12:14am
Quoting FX-Pro
Keep a tab on this guys...
Hi guys

In 20min German News is coming up so don't trade yet! It could upset French numbers.German figures are lot more important.
We could have pump and dump
In trading, you have to be defensive and aggressive at the same time
  • #1,474
  • Oct 24, 2012 12:21am Oct 24, 2012 12:21am
Taking a short PA rejection from resistance....
still learning sm3 method..dont follow...

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  • #1,475
  • Oct 24, 2012 12:30am Oct 24, 2012 12:30am
Quoting Zimarz
Taking a short PA rejection from resistance....
still learning sm3 method..dont follow...

Attachment
Hi Zimarz,No Trigger yet... keep all the red news in mind.....
  • #1,476
  • Oct 24, 2012 12:30am Oct 24, 2012 12:30am
Quoting Zimarz
Taking a short PA rejection from resistance....
still learning sm3 method..dont follow...

Attachment
So you took a trade 2min prior of important news release? Jeeeez
In trading, you have to be defensive and aggressive at the same time
  • #1,477
  • Oct 24, 2012 12:37am Oct 24, 2012 12:37am
Zimarz
You got lucky news was in your favor however what you did was pure gambling!Trading is not gambling! Its speculating with an edge!What was your edge? Nothing!You had nothing.This seems harsh but in the long run it will save you a ton of money.
Ask always "what is my edge!"
In trading, you have to be defensive and aggressive at the same time
  • #1,478
  • Oct 24, 2012 1:15am Oct 24, 2012 1:15am
Below the setup for this one:
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Ideas shape the course of history
  • #1,479
  • Oct 24, 2012 1:32am Oct 24, 2012 1:32am
Nice trigger, hesitation due to red news, cant help it…
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  • #1,480
  • Oct 24, 2012 1:45am Oct 24, 2012 1:45am
Quoting FX-Pro
Hi Zimarz,No Trigger yet... keep all the red news in mind.....

Lack of discipline today..learned a lesson..got scolded by master fx-pro and senior traders..(Davit)..will keep this in mind

thanks a lot for your guidance.

regards
zimarz
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