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Simple Money Making Method

  • #1,641
  • Oct 29, 2012 10:55am Oct 29, 2012 10:55am
the labeled chart
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i am the lord that giveth thee power to create wealth.
  • #1,642
  • Oct 29, 2012 10:57am Oct 29, 2012 10:57am
Quoting fx light
this setup looks good, on cadchf .50 percent fibo holds.. sm3 rules triggered entered short. any controversy?
This is the right entry....
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  • #1,643
  • Oct 29, 2012 11:01am Oct 29, 2012 11:01am
Quoting Ciara
Hi guys..not doing much trading today..US markets closed for hurricane..light volume.. took only this one as we broke below the EMAs.

There is another reason for taking this trade, related to Dean Malone's TDI indicator on H4 TF (green yellow cross) which is not the matter of this thread, but it happens to be a reliable pattern. Therefore a 50 pips stop. There are not many of them and i will post it below.

Trade smart,

Ciara
looks like US market will be closed tomorrow as well...
  • #1,644
  • Oct 29, 2012 11:05am Oct 29, 2012 11:05am
Quoting FX-Pro
This is the right entry....
thank you sarvana. i must have entered late...
i am the lord that giveth thee power to create wealth.
  • #1,645
  • Oct 29, 2012 11:08am Oct 29, 2012 11:08am
Quoting FX-Pro
looks like US market will be closed tomorrow as well...


It looks that way, mate. Using the time for backtesting your method on other pairs, futures markets..It looks PROMISING!!

Cable short half off the table 40 pips booked, the rest will let run on H4 setup.
Ideas shape the course of history
  • #1,646
  • Oct 29, 2012 11:21am Oct 29, 2012 11:21am
Quoting Ciara


It looks that way, mate. Using the time for backtesting your method on other pairs, futures markets..It looks PROMISING!!

Cable short half off the table 40 pips booked, the rest will let run on H4 setup.
Good one Ciara...

Nice to hear that it works on other markets as well....

Cheers,
FX-Pro
  • #1,647
  • Oct 29, 2012 11:26am Oct 29, 2012 11:26am
Quoting FX-Pro
Good one Ciara...

Nice to hear that it works on other markets as well....

Cheers,
FX-Pro
Thank you for sharing and taking care of us.
Ideas shape the course of history
  • #1,648
  • Oct 29, 2012 11:43am Oct 29, 2012 11:43am
Out of the rest of Cable short for 50+.
Reasons:
1) PPA (framed)
2) we reached the ADR at 6020 .. anything below that is a blessing
3) i'm not greedy on the day when US markets are actually closed and volume thin (B-Teams in charge). Bears make money, pigs get slaughtered.
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Ideas shape the course of history
  • #1,649
  • Oct 29, 2012 4:07pm Oct 29, 2012 4:07pm
Quoting FX-Pro
Did you go through the basic concept of this method....

its not a safe entry immediately after a support turned as resistance or a resistance turned as a support, instead you should wait for a pull back after the cross..... that is the safe entry.... wait for a proper bounce always... it may be positive trade for now but not always....
no i got caught out by excitement, i thought just after that bar had dropped going through that resistance line i noticed a bit of a bounce back looking shape before that bar and just jumped in. need to breath and chill a bit: oh well hahaha all about learning. Sorry guys haven't got my lingo down with FX language yet not sure how to describe certain spots and that. Im in australia as well so as soon as i went to bed looks like i missed out on all the chit chat hahah. Only have seen the hurricane news on the tv this morning, hope everyone is okay!!!!!!!!!!!!!!
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  • #1,650
  • Oct 30, 2012 12:24am Oct 30, 2012 12:24am
Hi Folks,

AU is at a key area - its Confluence with 72 EMA & 200 EMA on 1H, 4H & D1…

Keep a tab on this....

Cheers,
FX-Pro
Attached Image
  • #1,651
  • Oct 30, 2012 12:30am Oct 30, 2012 12:30am
Quoting well0143
no i got caught out by excitement, i thought just after that bar had dropped going through that resistance line i noticed a bit of a bounce back looking shape before that bar and just jumped in. need to breath and chill a bit: oh well hahaha all about learning. Sorry guys haven't got my lingo down with FX language yet not sure how to describe certain spots and that. Im in australia as well so as soon as i went to bed looks like i missed out on all the chit chat hahah. Only have seen the hurricane news on the tv this morning, hope everyone is...
Never mind.... part of learning....

Good Day...
FX-Pro
  • #1,652
  • Oct 30, 2012 1:29am Oct 30, 2012 1:29am
Dear,
will it be a valid entry if this candle close about 8-72-200 ema?
  • #1,653
  • Oct 30, 2012 1:43am Oct 30, 2012 1:43am
Quoting newride
Dear,
will it be a valid entry if this candle close about 8-72-200 ema?
its not exactly a text book entry on 1H, but just take a glance on 4H, you will see it better, if you are able to identify the reason why you want to enter.... yes its a valid trade... - Good luck

Cheers,
FX-Pro
  • #1,654
  • Oct 30, 2012 1:50am Oct 30, 2012 1:50am
Quoting FX-Pro
Heh Guys I Tried My Level Best to Post this before entering.... but i couldnt as the Forex Factory server was fully loaded....

I'm So Sorry for that....

i usually don't enter when there is a news... but the Momentum made me to enter this one....

here is my entry...

Cheers...
It looks similar like this one entry you mentioned on the third page of this thread.
Thanks
  • #1,655
  • Oct 30, 2012 2:13am Oct 30, 2012 2:13am
Quoting Davit
Hi guys
Shorting AU at 3625
when you mean shorting are you saying you are going to go short, is that what is meant by shorting
  • #1,656
  • Oct 30, 2012 2:19am Oct 30, 2012 2:19am
Quoting Davit
clue is in the chart
lol awesome response, well what i see is looking at the bigger picture i see the other peaks and lows and i can see how the rebound effect can come into play here! but because it has passed the 200ema so much i got a little scared. the orange box is that where you think it could go to due to the other previous low??
  • #1,657
  • Oct 30, 2012 2:28am Oct 30, 2012 2:28am
Quoting well0143
lol awesome response, well what i see is looking at the bigger picture i see the other peaks and lows and i can see how the rebound effect can come into play here! but because it has passed the 200ema so much i got a little scared. the orange box is that where you think it could go to due to the other previous low??

Aim i looking at this right haven't made a trade just trying to understand what you guys are seeing
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  • #1,658
  • Oct 30, 2012 2:41am Oct 30, 2012 2:41am
Quoting Davit
Are you trading demo or live account.If live I suggest you demo for some time.
Better losing fake money then real until you understand Forex.
Best advise I can give.
yeah just using a meta 4 demo account
  • #1,659
  • Oct 30, 2012 2:45am Oct 30, 2012 2:45am
Quoting Davit
Did you see the obvious green dotted line saying sell on the left?
lol, yeah i did i was also trying to communicate and show that I'm here watching learning
  • #1,660
  • Oct 30, 2012 2:50am Oct 30, 2012 2:50am
Quoting Davit
better reduce the account size to reflect potential live account size for example 5k demo 5k live.
This way you are not learning bad habits from 10-100k demo account which could become devastating on real live account.
cheers man, but thought along the same line so i just set up a 3k account to be as realistic as i can
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