Simple Money Making Method

Great to see you've made the decision to keep posting.

I've learned a lot from many of your posts in this thread and your own journal.

I agree, AU is precarious and currently getting squashed between 72 & 200 EMAs.

Daily chart (NY Close) showed nice bearish engulfing bar last Friday.

See what RBA meeting brings.

Cheers

Sunny C

Saw this trade yesterday for a good few pips. Hopefully fit all system rules

interesting, thank you for the comment davit. Hadn't done my research about that entirely due to exams. on the ball!!!

like !!!!!!!!!!!, myself and other family member on this thread really enjoy your posts and feedback, we have a high appreciation of you knowledge that you share. Awesome to see you back mate!!!!

davit with the TL lines how far do you tend to go back with them, or do you try stick to the trend in the recent time period. Just need to know to stop myself from having nice linear lines all over the place for no reason lol I know it wasn't in the method that fx pro has said but i would like to try them out just to help visualise what is going on a bit more.

Like well0143 I have a question about your trendlines.

Are you using an automatic tool, (something like Sonic SHI Channel), to draw them or just free drawing them using your experience to know where to place them???



Sorry if this off topic, just interested in increasing my knowledge.

Cheers

Sunny C

I've coded the basic rules into my EA template. I'll post results after a month. Marty

this is what i was trying to ask but my forex language is not that great!

Sunny Coast

Please stay on topic. Please respect that this is FX-Pro's thread.

What Davit does you can check by searching his name and look at his different comments and methods on a variety of other threads on FF. He has certainly written a lot on many different things in his 8 months forex trading experience.


regards

Sorry Duffy.

I meant no disrespect to FX-Pro's thread whatsoever.

All the best for your trading.

Cheers

Sunny

Some of you had questions about TL and its relevance to this system.
Its relevance is up to you.Its another way to see Price Action.
It is interesting that lot of new posters solely focus on EMA's set ups but ignored the rest of FX-Pro's advise about the system.
System any system to be profitable has to be filtered by the user.That filter depends how much you are studying candle formations,News,Sentiment,Direction,TL etc just examples of some components which makes up FX trading.
It repeatedly amazes me how some posters think trading is simple or easy.Or they can just press buy or sell orders depending what Price does in the 8EMa channel.
I am here to tell you guys that trading takes hard work.You must acquire the skills to succeed and those posters who miss this critical basic concept will never make it.This business is full of losers plain and simple.95% fail and I bet those 95% never truly committed to learn how to trade properly.
Going from system to system ,press this arrow, that arrow and never grasp the basic principles how markets work.
I consider myself a newbie! Yes nothing wrong with that.Difference is I am open to soak up as much as possible in short time because I know what I don't know!and I know what I need to improve.I have subject study every week.The last 2 weeks has been volume and I am yet to scratch the surface.But I know one thing more I know about trading better trading decisions I make.Losing trades I took a month ego I would not touch now.I credit that my expanding knowledge.
I have been trading 7 months.1st 4 months lost 50% of my account!Ton of rookie mistakes.5th month I made a commitment to myself to study intensely what makes a successful trade and starting reading everything I could about trading and traders.I posted lot of material already about the books etc.I made 8%-9% last 2 months and I attribute that to my increased knowledge.
I was a sports gambler for 5yrs.Lost ton of money until I realized that was hurting me and my family bad so went cold turkey and quit.
Rewinding back more.Taught chess to kids as a hobby an both my boys have won championships playing chess.I play chess to relax....
I am an artist and you can see my works
http://sahakianart.com/index.html

My posts here have been mostly about improving one's ability to trade.I don't assume anything.I am just super aware that anything less then 110% commitnemt to understand the market will cost you money.

Here is what I suggest.Lets look at the markets from top down view.

1.News,fundamentals
2.Sentiment
3.Direction
4.Price and where it is in relation to support/resistance/candle formation
5.System (FX-Pro)
6.Profit target
7.Stop loss

This is my understanding of order of importance.Notice system is 5.I don't even look at system unless I know 1,2,3,4

I have tried to steer you guys to see the bigger picture because you can make better system decisions if you know 1234.That's all.

Lets think positive and make money!
I am including great simple explanation of candle formations.Must know.

Out of all pairs AU has shot up rather incredibly.
If you are thinking going long I think its late now the main move is already been done.

any analysis behind the reason of this position Davit?

Check your PM

Not so much in pips amount..but the setup..

Below: Dollar Yen with respect to 200 EMA and 72 EMA.

Love, Ciara

I Missed it... did anyone take this trade....

A good trigger.

Yes, I'm in .
Thanks FxPro. Wonderful system.

The below pairs move just opposite.... & most of the time we will get the triggers at the same time...... but just opposite....

Worth watching this 4H Charts....

Cheers,
FX-Pro

Excellent.....

Keep up the good work....

Cheers,
FX-Pro

You guys notice these two pairs... just like a mirror reflection....