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Simple Money Making Method

  • #1,541
  • Oct 26, 2012 2:55am Oct 26, 2012 2:55am
I want to share something interesting.Note that my down candle is black and my volume down climax bar is black.
Notice how big black bar is tallest of all the bars? What this hints that institutional big money is selling not buying.I am not suggesting changing your trading or this system.I am just showing another view of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,542
  • Oct 26, 2012 3:11am Oct 26, 2012 3:11am
Quoting Davit
I want to share something interesting.Note that my down candle is black and my volume down climax bar is black.
Notice how big black bar is tallest of all the bars? What this hints that institutional big money is selling not buying.I am not suggesting changing your trading or this system.I am just showing another view of the market.
That makes sense and worth taking chance. I am already short from 6104...target 70 pips will add more after 40 pips.

Can you please share this volume indicator as mine doesnt come up as clear as yours.
  • #1,543
  • Oct 26, 2012 3:19am Oct 26, 2012 3:19am
Guys, please stick your comments to the stretegy. I am sure your thoughts for trades are valuable but they can stand on a seperate thread.
  • #1,544
  • Oct 26, 2012 3:29am Oct 26, 2012 3:29am
Quoting newride
That makes sense and worth taking chance. I am already short from 6104...target 70 pips will add more after 40 pips.

Can you please share this volume indicator as mine doesnt come up as clear as yours.
38.2 Fib is 6055
More likely to reach as 1st TP
Please note that everyone risk tolerance is different.I trade small lots so I can relax during market noise times.
Here you go on idi.I find it to be great.You can change the colors to suit you.
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 444 downloads
In trading, you have to be defensive and aggressive at the same time
  • #1,545
  • Oct 26, 2012 3:32am Oct 26, 2012 3:32am
Guys... i wouldn't mind sharing your thoughts, fundamentals, analysis or what so ever.... but should go along with the thread/method rules... i don't want to see any newbies getting confused because of this....

please stick to the basics...

Cheers,
FX-Pro
  • #1,546
  • Oct 26, 2012 4:00am Oct 26, 2012 4:00am
Quoting FX-Pro
Guys... i wouldn't mind sharing your thoughts, fundamentals, analysis or what so ever.... but should go along with the thread/method rules... i don't want to see any newbies getting confused because of this....

please stick to the basics...

Cheers,
FX-Pro
Thank you FX-Pro, but to be honest I've started to get a bit of a grip on the method this week I've managed to do quite well. Thank you for everyones post I'm learning a lot about this method of trading and it fits in well during my university exam period
  • #1,547
  • Oct 26, 2012 5:53am Oct 26, 2012 5:53am
Quoting well0143
Thank you FX-Pro, but to be honest I've started to get a bit of a grip on the method this week I've managed to do quite well. Thank you for everyones post I'm learning a lot about this method of trading and it fits in well during my university exam period
Good luck...

Keep it simple, & practice to learn price action....

Cheers,
FX-Pro
  • #1,548
  • Oct 26, 2012 5:56am Oct 26, 2012 5:56am
is it a right time to enter euro now?
  • #1,549
  • Oct 26, 2012 6:28am Oct 26, 2012 6:28am
Charts have spoken,..

Besides EURCAD, Im short Cable and Aussie. The Eurotours Ltd trip closed for nice profit and early exit 2910; I am short gold too (waiting for retest of 200 EMA Daily --->1665+/-)
Attached Image (click to enlarge)
Click to Enlarge Name: 20121026eurcad.jpg Size: 119 KB
Ideas shape the course of history
  • #1,550
  • Oct 26, 2012 6:35am Oct 26, 2012 6:35am
Quoting Ciara
Charts have spoken,..

Besides EURCAD, Im short Cable and Aussie. The Eurotours Ltd trip closed for nice profit and early exit 2910; I am short gold too (waiting for retest of 200 EMA Daily --->1665+/-)
Gold chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 20121026gold.jpg Size: 113 KB
Ideas shape the course of history
  • #1,551
  • Oct 26, 2012 6:52am Oct 26, 2012 6:52am
here is my current 1 h setup with the 2 ema and bollinger bands
Attached Image (click to enlarge)
Click to Enlarge Name: 1H SETUP.gif Size: 22 KB
  • #1,552
  • Oct 26, 2012 7:42am Oct 26, 2012 7:42am
A/U 1H - Text book entry, Same entry on NZD/USD As well, but i entered with my max lot on A/U Itself based on my risk percentage... so no entry on NZD/USD....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 18 KB
  • #1,553
  • Oct 26, 2012 7:53am Oct 26, 2012 7:53am
Quoting FX-Pro
A/U 1H - Text book entry, Same entry on NZD/USD As well, but i entered with my max lot on A/U Itself based on my risk percentage... so no entry on NZD/USD....
this is a quick 20 pips.... closed first half & other half with BE now...

Its Friday today, can't expect much from this trade.... need to watch it closely to get out when required...

Cheers,
FX-Pro
  • #1,554
  • Oct 26, 2012 8:06am Oct 26, 2012 8:06am
Gold, Aussie, EURCAD stops triggered at BE+some profit..that's why they serve for, for protection and risk management. Not sure if this ramp will last, but thats just a meaningless opinion. Have a great weekend.

Regards, C.
Ideas shape the course of history
  • #1,555
  • Oct 26, 2012 8:17am Oct 26, 2012 8:17am
Is there any difficult in identifying this entry… it’s so easy & powerful…. I don’t understand what else is required to be a successful trader, because I see most of the newbies are jumping from thread to thread searching for holy grail (does not exist) & adding multiple indicators on the chart…

I haven’t entered from morning because I dint see an entry, as simple as that. But people want to take trades & wants to be in the market always…. So they look for lower time frames & get a looser, soon as they get a looser with that system they move to higher time frame, but they can’t wait that long to get the right trigger, so they enter the market without proper analysis & get a looser again… so this is an infinity process, you have to understand what you are here for…. TO MAKE MONEY,

So stay disciplined & practice one system/method which suits your personality & move on wit that….

Cheers,
FX-Pro
  • #1,556
  • Oct 26, 2012 8:20am Oct 26, 2012 8:20am
long CADCHF 0.94, sl 15pips, tp 35pips
short GBPUSD 1.611, sl 20pips, tp 48pips
short EURCAD 1.286, sl 22pips, tp 46pips

looking good for now
  • #1,557
  • Oct 26, 2012 8:26am Oct 26, 2012 8:26am
Quoting al2cand
long CADCHF 0.94, sl 15pips, tp 35pips
short GBPUSD 1.611, sl 20pips, tp 48pips
short EURCAD 1.286, sl 22pips, tp 46pips

looking good for now
hi al2cand,

Could you please post your charts with the entries.....

FX-Pro
  • #1,558
  • Oct 26, 2012 8:57am Oct 26, 2012 8:57am
Missed that AU signal!
Damn, I´m missing all the moves today
Watching many pairs. I guess it´s too much information for a still-newbie to cover.
I´ll concentrate on 3 ou 4 pairs tops in the future.

Good weekend everyone
  • #1,559
  • Oct 26, 2012 9:00am Oct 26, 2012 9:00am
NZD/USD is the best trigger, confluenced with 200 EMA-1H + 200 EMA-4H + 72 EMA+ RN+ Reject of the daily Lower channel of the up-trend....

Good One...
Attached Image (click to enlarge)
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Attached Image
  • #1,560
  • Oct 26, 2012 9:05am Oct 26, 2012 9:05am
Quoting diver78
Missed that AU signal!
Damn, I´m missing all the moves today
Watching many pairs. I guess it´s too much information for a still-newbie to cover.
I´ll concentrate on 3 ou 4 pairs tops in the future.

Good weekend everyone
Don't worry... keep an alarm set every hr on your mobile... & take a glance... on your chart, thats what i do, i take 2 to 5 minuts every hr to look at the chart... of all the pairs i trade...

Cheers,
FX-Pro
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