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Simple Money Making Method

  • #1,581
  • Edited 3:15am Oct 28, 2012 3:01am | Edited 3:15am
Very important guys before you make any trade Please check the calender NEWS
Make it a habit N then trade.Trust me your trading will improve in real dollars.
What I am looking for next week.
EU possible bounce back to 1.30 zone or 2865 strong support area. NO real US dollar news until NOV 1st when unemployment farm numbers come out.
AU possible bounce to 39-40 zone and if breaks next stop 45 zone or back to 3250 or lower 26 area.
As traders we don't predict the future we just follow the money!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
Click to Enlarge Name: au.gif Size: 22 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,582
  • Oct 28, 2012 3:54am Oct 28, 2012 3:54am
Quoting Davit
Very important guys before you make any trade Please check the calender NEWS
Make it a habit N then trade.Trust me your trading will improve in real dollars.
What I am looking for next week.
EU possible bounce back to 1.30 zone or 2865 strong support area. NO real US dollar news until NOV 1st when unemployment farm numbers come out.
AU possible bounce to 39-40 zone and if breaks next stop 45 zone or back to 3250 or lower 26 area.
As traders we don't predict the future we just follow the money!
awesome davit thank you for the update !!!
  • #1,583
  • Oct 28, 2012 7:23am Oct 28, 2012 7:23am
Hi FX-Pro,

Thank you for your thread. What is your means 1:1?

Quoting FX-Pro
Closed the first half with 1:1 I.e.. +20 Pips, moving on with the other half with BE...

Cheers,
FX-Pro
  • #1,584
  • Oct 28, 2012 9:57am Oct 28, 2012 9:57am
Quoting Davit
Little slow so I will post something inspirational.
In a very short time my trading has improved tremendously and I attributed that to positive thinking and being attracted to ideas top traders use.
I read many traders 5-8yrs in trading still using ton of indicators and still losing money.
If you are attracted to losing strategy ,ideas you become that exactly.For some it takes years of turmoil to finally wake up from stupor and I want to post a movie to inspire you.Its not the usual movie.Watch it and it will transform you.http://upload.wikimedia.org/wikipedi...SecretLogo.jpg...

Hi Davit

Bought the title last year in Jan. Very good. It was suggested to me by a very good friend of mine. Let everyone read this.

fxmyluv
  • #1,585
  • Oct 28, 2012 10:16am Oct 28, 2012 10:16am
Interesting little article by Jason Alan Jankovsky on volume and open interest... http://www.financialsensearchive.com...2008/0710.html
  • #1,586
  • Oct 28, 2012 10:18am Oct 28, 2012 10:18am
"The Secret" is a Scam


The so called "Secret" is a MLM (Multi Level Marketing... spin off of the good old pyramid marketing, aka illegal, immoral, nasty business).

Positive / Affirmative thinking, yes... excellent, it's good to have good thoughts.

Sending out thoughts / brain waves such that things come back to you... sorry, it's bogus BS. Quite attractive to the material generation though... a quick way of getting ahead in life... just think the right things, sit on your couch and things will happen! LOL!!! Well, I would be LOL if people weren't gettingt taken advantage of and wasting precious time with this crap.

I have no doubt I will be debating this... bring it on. I am sick and tired of watching people in times of stress being taken advantage of.
  • #1,587
  • Oct 28, 2012 10:50am Oct 28, 2012 10:50am
Quoting Mingary
"The Secret" is a Scam
The idea of "Law of Attraction" is 100 years old. Maybe you should read the old books before saying it is a MLM technique. 'The Secret' is just a commercialized and very shallow approach to an idea which has been around for the last century.
  • #1,588
  • Oct 28, 2012 11:36am Oct 28, 2012 11:36am
The law of attraction. I know of it. It's not all bad... but for another discussion.
What I wanted to point out is that a book like "The Secret" has been written exculsively as a marketing ploy to snare the gullible.
For example leading to this gem:

http://www.abraham-hicks.com/lawofat...urce/index.php

and dozens of others...
It's a whole industry. I think Tony Robbins is the Chairman of the Board of them all (:
  • #1,589
  • Oct 28, 2012 11:40am Oct 28, 2012 11:40am
Quoting 919gilead
It's an MA indicator and you can download it here.
Thanks a lot

Metalman
  • #1,590
  • Oct 28, 2012 12:53pm Oct 28, 2012 12:53pm
Quoting diver78
Interesting little article by Jason Alan Jankovsky on volume and open interest... http://www.financialsensearchive.com...2008/0710.html
Thank you I like JAJ one of the traders I recommend reading.Check his lecture on youtube about when to exit the trade-very important.Unlike lot of "educators" who don't trade or trade mini lots JAJ actually was and is a veteran trader over 20yrs.
In trading, you have to be defensive and aggressive at the same time
  • #1,591
  • Oct 28, 2012 12:59pm Oct 28, 2012 12:59pm
Quoting Mingary
"The Secret" is a Scam


The so called "Secret" is a MLM (Multi Level Marketing... spin off of the good old pyramid marketing, aka illegal, immoral, nasty business).

Positive / Affirmative thinking, yes... excellent, it's good to have good thoughts.

Sending out thoughts / brain waves such that things come back to you... sorry, it's bogus BS. Quite attractive to the material generation though... a quick way of getting ahead in life... just think the right things, sit on your couch and things will happen! LOL!!! Well, I would be LOL if...
Don't take this wrong way but you remind me of a person who has been served a beautiful trout with white truffles,celery root puree,white asparagus and you sent it back to kitchen because you found a single bone.
None of the examples given in the film suggested doing nothing and things will happen to you.
We have to change our thinking 1st then action.
Regards
If you like further discussion please PM me since I don't want this thread getting derailed.
In trading, you have to be defensive and aggressive at the same time
  • #1,592
  • Oct 28, 2012 1:05pm Oct 28, 2012 1:05pm
Guys please lets move on to trading.New week,New opportunities to increase equity.
Happy piping
In trading, you have to be defensive and aggressive at the same time
  • #1,593
  • Oct 28, 2012 1:30pm Oct 28, 2012 1:30pm
I trade UCAD a lot so here is my analyses.Cad is on critical level once breaks psychological number of 1.0 PA most likely will reach major resistance at 1.0050 level which you can see on my chart.Shorting Cad from 1.050 is a sharp move.
Cad moves very much in sink with Euro but in opposite direction.If Euro drops Cad goes up and opposite true.
Having this in mind it is critical if you expect a good news about Euro then don't go long on the Cad but short the Cad!
This may seem obvious but the reason lot of traders lose money simply following any system blindly is ignoring factors which influence the pair.Just because 72EMA bounce looks perfect one should not blindly take without checking the news,momentum etc.FX-Pro stated that on 1st post.
Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 22 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,594
  • Oct 28, 2012 2:06pm Oct 28, 2012 2:06pm
Quoting Davit
Thank you I like JAJ one of the traders I recommend reading.Check his lecture on youtube about when to exit the trade-very important.Unlike lot of "educators" who don't trade or trade mini lots JAJ actually was and is a veteran trader over 20yrs.
checking out his videos right now. very interesting indeed. I'm downloading your volume indicator you posted here.
I think following the rules of this system and giving some attention to volume, open interest and supply/demand regions might be worth my effort..
The market is such a vast concept.. so much to learn
continuing my studies...
  • #1,595
  • Oct 28, 2012 3:06pm Oct 28, 2012 3:06pm
Quoting Davit
Very important guys before you make any trade Please check the calender NEWS
Make it a habit N then trade.Trust me your trading will improve in real dollars.
What I am looking for next week.
EU possible bounce back to 1.30 zone or 2865 strong support area. NO real US dollar news until NOV 1st when unemployment farm numbers come out.
AU possible bounce to 39-40 zone and if breaks next stop 45 zone or back to 3250 or lower 26 area.
As traders we don't predict the future we just follow the money!
following the money as well. here is my first post on this thread. i entered this trade on friday. if i used 50ema the bounce could have been obvious but i believe this entry lines up with the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: au sma.gif Size: 22 KB
i am the lord that giveth thee power to create wealth.
  • #1,596
  • Oct 28, 2012 4:05pm Oct 28, 2012 4:05pm
Quoting fx light
following the money as well. here is my first post on this thread. i entered this trade on friday. if i used 50ema the bounce could have been obvious but i believe this entry lines up with the rules.
Generally I would not recommend entering a position on FRi and keep to next week because you don't know how the week will shape up and you are incurring a swap for holding.
In trading, you have to be defensive and aggressive at the same time
  • #1,597
  • Oct 28, 2012 4:35pm Oct 28, 2012 4:35pm
Quoting Davit
Generally I would not recommend entering a position on FRi and keep to next week because you don't know how the week will shape up and you are incurring a swap for holding.
thanks for the reply... i have noted your recommendation. so when is the best day for trading this strategy.... besides there was no high impact news on Monday for aud usd.
i am the lord that giveth thee power to create wealth.
  • #1,598
  • Oct 28, 2012 5:23pm Oct 28, 2012 5:23pm
Quoting fx light
thanks for the reply... i have noted your recommendation. so when is the best day for trading this strategy.... besides there was no high impact news on Monday for aud usd.
I think trading days are good Mon to Thurs however when I trade Fridays I usually look to sell only.Never buy.Usually Fridays traders close positions and Price usually drops however watch out end of month because it could become massive buying,profit taking.
Just keep in mind that you are guessing for next week Price Action and that generally not smart unless you are trading weekly chart and looking for longer term position.
Forex market unlike Stock market is very volatile hence keeping long trades are not the norm.
Banks and Hedge funds do that because they can afford the commission.
Retail traders pay swaps and that could add up rather quickly.
In trading, you have to be defensive and aggressive at the same time
  • #1,599
  • Oct 28, 2012 5:47pm Oct 28, 2012 5:47pm
Major storm is on its way to North East where I live Boston.PA is dropping so far I don't know if it is related.I doubt it but markets do what it does.
PA may drop to 2890 area (orange box) either go through or rebound back up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,600
  • Oct 28, 2012 6:22pm Oct 28, 2012 6:22pm
Quoting Davit
Major storm is on its way to North East where I live Boston.PA is dropping so far I don't know if it is related.I doubt it but markets do what it does.
PA may drop to 2890 area (orange box) either go through or rebound back up.
Going for the orange box but through USDCHF

I entered after the 1H close, following the 72rebound and 8break
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf h1 28-10-2012.gif Size: 21 KB
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