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Simple Money Making Method

  • #1,821
  • Nov 4, 2012 6:31pm Nov 4, 2012 6:31pm
higher tf trend is up,
h1: 8ema high pierced after rebound on 72ema and resistance turned support (from 30 oct and 1 nov)

10h am Est time: ISM is expected to rise and has done so with a surprise for the last three months

my sl is far away for a 1:1 trade allowing for a pullback to 72ema at london and NY open
my tp is at last swing high
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  • #1,822
  • Nov 4, 2012 9:44pm Nov 4, 2012 9:44pm
Quoting airgead
sorry to hear that Davit. Your posts have been very helpful and it is the threads loss. It is always a shame when a good thread dies out because of this. I hope that fx pro wont stop posting now too. cant you just put those people on ignore list as there are many others who really value all your assistance. Anyway all the best to you and thanks again.
Davit I'm sorry to hear that as well your posts have been fantastic and i have been learning so much on this thread as well. Even i have made silly comments due to being new to this game, and I apologise. I hope FX pro does not feel the same way because i enjoy and respect the information being posted on this thread.
  • #1,823
  • Nov 5, 2012 12:13am Nov 5, 2012 12:13am
Dear Folks,

What I’m presenting here is just the way I’ve been trading for years… its up to a trader how they interpret the method, every individual have different views, thoughts & perception of what they see on the screen. A wise person will always look forward to improve his/her knowledge by creating a strong foundation before commenting on other’s views,

So Please don’t hurt any one… if you don’t like something posted on the thread, just ignore it & move on, we are here to learn/share ideas, so lets stick to the objective

Dear Davit – many of your posts here added value to the thread especially the learning materials… if you decided to stop posting here for the reason that you mentioned, then think again, any thread you go, you have to face these things, if you still stick to your decision, I respect it.

See you all in US Open

Cheers,
FX-Pro
  • #1,824
  • Nov 5, 2012 2:07am Nov 5, 2012 2:07am
there is a setup on aususd. h1 chart
i am the lord that giveth thee power to create wealth.
  • #1,825
  • Nov 5, 2012 2:20am Nov 5, 2012 2:20am
Quoting fx light
there is a setup on aususd. h1 chart
I'd call that a technically good setup. The one that bounces from the 72 and intersects the 200 and 12 EMAs at 0800 GMT? Probably too late to enter now unless there's a pullback.

However, You've got some substantial support at 1.0335 and we've been in a uptrend since mid-October (according to the 200 EMA), so any bearish move could be limited. Furthermore, we had good AUD Trade Balance news this morning, so the fundamentals are bullish also.
Most people have the will to win, few have the will to prepare to win
  • #1,826
  • Nov 5, 2012 2:47am Nov 5, 2012 2:47am
Quoting burnzmeister
I'd call that a technically good setup. The one that bounces from the 72 and intersects the 200 and 12 EMAs at 0800 GMT? Probably too late to enter now unless there's a pullback.

However, You've got some substantial support at 1.0335 and we've been in a uptrend since mid-October (according to the 200 EMA), so any bearish move could be limited. Furthermore, we had good AUD Trade Balance news this morning, so the fundamentals are bullish also.
Was watching this one too, but didn't close outside PAC so held fire.

RBA meets tomorrow and forecast is for a 25 point cut.
Interesting to watch where price goes before the announcement.

Sunny C
  • #1,827
  • Nov 5, 2012 3:02am Nov 5, 2012 3:02am
Quoting Sunny Coast
Was watching this one too, but didn't close outside PAC so held fire.

Sunny C
Hey Sunny C,

Forgive me, but what do you mean when you say "didn't close outside the PAC"? By PAC, I'm assuming you mean Price Action Candle? The bearish candle which completes at 0800 GMT closes below the 200 and 12 EMAs, so I'm a little confused as to what you mean dude.

Apologies if I'm missing something glaringly obvious, lol.
Most people have the will to win, few have the will to prepare to win
  • #1,828
  • Nov 5, 2012 3:04am Nov 5, 2012 3:04am
Quoting FX-Pro
Dear Folks,

What I’m presenting here is just the way I’ve been trading for years… its up to a trader how they interpret the method, every individual have different views, thoughts & perception of what they see on the screen. A wise person will always look forward to improve his/her knowledge by creating a strong foundation before commenting on other’s views,

[size=3][font=Calibri]So Please don’t hurt any one… if you don’t like something posted on the thread, just ignore...
Very well said FX-Pro.
  • #1,829
  • Nov 5, 2012 3:10am Nov 5, 2012 3:10am
Quoting burnzmeister
Hey Sunny C,

Forgive me, but what do you mean when you say "didn't close outside the PAC"? By PAC, I'm assuming you mean Price Action Candle? The bearish candle which completes at 0800 GMT closes below the 200 and 12 EMAs, so I'm a little confused as to what you mean dude.

Apologies if I'm missing something glaringly obvious, lol.
I believe PAC stands for price action channel and not price action candle. this channel is formed when you add 8ema of the high and 8 ema of the low to your chart.
i am the lord that giveth thee power to create wealth.
  • #1,830
  • Nov 5, 2012 3:36am Nov 5, 2012 3:36am
Hi guys,

here is one potential long setup. Needs to confirm first according to the simple rules of this [email protected] I would say YES.

Eyes are open.

Thanks for reading!

love, Ciara
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Ideas shape the course of history
  • #1,831
  • Nov 5, 2012 3:42am Nov 5, 2012 3:42am
Quoting burnzmeister
I'd call that a technically good setup. The one that bounces from the 72 and intersects the 200 and 12 EMAs at 0800 GMT? Probably too late to enter now unless there's a pullback.

However, You've got some substantial support at 1.0335 and we've been in a uptrend since mid-October (according to the 200 EMA), so any bearish move could be limited. Furthermore, we had good AUD Trade Balance news this morning, so the fundamentals are bullish also.
I Guess you guys are reffering to this A/U 1H setup...., as usual i took it, but i couldn't post... i was in office.... doing the traditional business

So you guys are able to understand what we actually look for to enter a trade.... superb Job

Cheers,
FX-Pro
Attached Image
  • #1,832
  • Nov 5, 2012 3:45am Nov 5, 2012 3:45am
Quoting fx light
I believe PAC stands for price action channel and not price action candle. this channel is formed when you add 8ema of the high and 8 ema of the low to your chart.
Yes, You got it right... this is added to view the price movement easily.... specially for noobs....

Cheers,
FX-Pro
  • #1,833
  • Nov 5, 2012 3:47am Nov 5, 2012 3:47am
Quoting Ciara
Hi guys,

here is one potential long setup. Needs to confirm first according to the simple rules of this [email protected] I would say YES.

Eyes are open.

Thanks for reading!

love, Ciara
Man..... you use it on all the pairs & proving that this method work on almost all the pairs.... thank you so much....

Cheers,
FX-Pro
  • #1,834
  • Nov 5, 2012 4:02am Nov 5, 2012 4:02am
Quoting FX-Pro
I Guess you guys are reffering to this A/U 1H setup...., as usual i took it, but i couldn't post... i was in office.... doing the traditional business

So you guys are able to understand what we actually look for to enter a trade.... superb Job

Cheers,
FX-Pro
See how obvious trade it is…. The support turned as resistance + confounded with 200EMA + 72EMA, A proper pull back / Bounce entry. But looks like we are going to end with BE now
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  • #1,835
  • Nov 5, 2012 4:23am Nov 5, 2012 4:23am
How do you take into account news for your system? Do you let them pass by or close some/all of your position a little time before news are released?
Thanks
  • #1,836
  • Nov 5, 2012 4:26am Nov 5, 2012 4:26am
Quoting Trucomallica
How do you take into account news for your system? Do you let them pass by or close some/all of your position a little time before news are released?
Thanks
With this method.... if i see a red news, then i stay away from market.
  • #1,837
  • Nov 5, 2012 4:47am Nov 5, 2012 4:47am
Quoting unclesu
Have anyone tried implementing this on H4 charts? Here is what I did.

Parameters
I have tried it on GBPUSD, EURUSD, AUDUSD and JPYUSD
H4 Charts,
EMA 72 and EMA 12 like FX Pro prescribed
Round numbers
Stop loss 30 pips
TP when EMAs crosses each other

I tested this on each pair for Aug, Sep, Oct.

Results:
1-3 Entries/Month.
Profit 1000-5000pips/trade
Win Probability 83%

I'm sure that is much more profits that the best scenario from the ranges that FX Pro's system. Also, can somebody point out what is the...

Its very obvious, if this method works so well on 1H, then 4H will give better results for sure... its just that you need to fine tune your MAs.

What we are trading with this method is very basic, which every trader would look for.... so we are moving along with the major crowed of this business..... thats the big plus....

Cheers,
FX-Pro
  • #1,838
  • Nov 5, 2012 4:48am Nov 5, 2012 4:48am
Ok. I took a trade on the current RN (1.28) rejection in EU. I think it is in line with your method, right?
  • #1,839
  • Nov 5, 2012 4:52am Nov 5, 2012 4:52am
Quoting Trucomallica
Ok. I took a trade on the current RN (1.28) rejection in EU. I think it is in line with your method, right?
I don't see a trigger.... on E/U, could you please post your chart.....
  • #1,840
  • Nov 5, 2012 4:58am Nov 5, 2012 4:58am
Quoting FX-Pro
See how obvious trade it is…. The support turned as resistance + confounded with 200EMA + 72EMA, A proper pull back / Bounce entry. But looks like we are going to end with BE now
That was a BE...
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