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Simple Money Making Method

  • #1,961
  • Nov 9, 2012 12:44pm Nov 9, 2012 12:44pm
@ xcentric,

Look at first post and all posts of FXPRO.
Have a little patience and read all the thread.
You will find answers to all your questions.
  • #1,962
  • Nov 9, 2012 6:36pm Nov 9, 2012 6:36pm
Quoting Trucomallica
I'm short AUDUSD, using the 200 EMA as resistance.

Looks like my stop was too tight...
So Trucomallica, your trade hit the SL too? How many pips is your SL? Mine is 35 pips.
Trading is not easy
  • #1,963
  • Nov 12, 2012 1:33am Nov 12, 2012 1:33am
Hi FX-Pro,

do you think there is a set up forming for short on the 1hr EU?

Happy trading
Ymmit
  • #1,964
  • Nov 12, 2012 4:58am Nov 12, 2012 4:58am
I see what you mean .. Look forward to studying further..thank you
  • #1,965
  • Nov 12, 2012 5:08am Nov 12, 2012 5:08am
Possible setup on NZDUSD but I am worried about some resistance @ 0.8130? See H4.
Any comments?
  • #1,966
  • Nov 12, 2012 5:18am Nov 12, 2012 5:18am
Quoting koosvdh
Possible setup on NZDUSD but I am worried about some resistance @ 0.8130? See H4.
Any comments?
What conditions are you looking for in order to enter?
Most people have the will to win, few have the will to prepare to win
  • #1,967
  • Nov 12, 2012 5:22am Nov 12, 2012 5:22am
Quoting burnzmeister
What conditions are you looking for in order to enter?
PA bounce on 72EMA, current H1 candle close below 8EMA_LOW, would it be good enough?
PA is rather flat for the past 60 candles.
  • #1,968
  • Nov 12, 2012 5:24am Nov 12, 2012 5:24am
I went long on the Loonie at 0800 GMT. Might have been a bad idea as both the Americans and Canadians are on holiday today, so this market won't be as liquid as usual.
Attached Image (click to enlarge)
Click to Enlarge Name: loonie3.JPG Size: 81 KB
Most people have the will to win, few have the will to prepare to win
  • #1,969
  • Nov 12, 2012 5:29am Nov 12, 2012 5:29am
Quoting koosvdh
PA bounce on 72EMA, current H1 candle close below 8EMA_LOW, would it be good enough?
PA is rather flat for the past 60 candles.
If the candle before the current one, on the H1 TF, closed below the 12 EMA then I would have been tempted. I only consider candles that bounce from the 72 or 200 EMAs AND intersect the 12 EMA. There's no right or wrong answer, but I believe that's what FX-Pro looks out for before entering a trade.

We could still see a bounce from the 72 and ineresction of the 12, so it's still worth keeping an eye on I think.
Most people have the will to win, few have the will to prepare to win
  • #1,970
  • Nov 12, 2012 5:34am Nov 12, 2012 5:34am
Quoting burnzmeister
I went long on the Loonie at 0800 GMT. Might have been a bad idea as both the Americans and Canadians are on holiday today, so this market won't be as liquid as usual.
I think you might be right on this one. On the H4, a higher-low was created. So could possibly be a trend change on H4.
D1 also shows the same. All the significant lows are higher. Could be a good one.
  • #1,971
  • Nov 12, 2012 5:41am Nov 12, 2012 5:41am
Quoting burnzmeister
If the candle before the current one, on the H1 TF, closed below the 12 EMA then I would have been tempted. I only consider candles that bounce from the 72 or 200 EMAs AND intersect the 12 EMA. There's no right or wrong answer, but I believe that's what FX-Pro looks out for before entering a trade.

We could still see a bounce from the 72 and ineresction of the 12, so it's still worth keeping an eye on I think.
I understand, makes my life much easier to code. Thank you.
  • #1,972
  • Nov 12, 2012 5:47am Nov 12, 2012 5:47am
Quoting koosvdh
I understand, makes my life much easier to code. Thank you.
Oh you're trying to code this? Cool. I reckon it will be no easy feat. There's a lot of variables to think about, but I think the hardest thing to replicate is your own discretion when making a trade. No two trades are the same. Good luck with it though mate. I would be interested to know how you get on with it. I'm a software developer by profession, so I appreciate where you're coming from
Most people have the will to win, few have the will to prepare to win
  • #1,973
  • Nov 12, 2012 10:21am Nov 12, 2012 10:21am
Hi, looks like we have a valid signal on USD/CAD

  • #1,974
  • Nov 12, 2012 10:38am Nov 12, 2012 10:38am
Dear folks,

This weekend was little long weekend for me... i guess i may not be able to trade tomorrow as well... Festival..

just enjoying with my family...

Will be back soon...

Cheers,
FX-Pro
  • #1,975
  • Edited 11:55pm Nov 12, 2012 10:46am | Edited 11:55pm
Quoting burnzmeister
I went long on the Loonie at 0800 GMT. Might have been a bad idea as both the Americans and Canadians are on holiday today, so this market won't be as liquid as usual.
I know this already...

Thats another reason for me to stay away from the market....

anyways i didn't see any thing interesting today on the chart... so i haven't missed anything....

See ya soon

Cheers,
FX-Pro
  • #1,976
  • Nov 12, 2012 10:55am Nov 12, 2012 10:55am
Yep, a very slow day. I'm up 2 pips, but it's taken 9 hours. Haha!
Most people have the will to win, few have the will to prepare to win
  • #1,977
  • Nov 12, 2012 11:03am Nov 12, 2012 11:03am
Quoting Kondi
Hi, looks like we have a valid signal on USD/CAD

...
My first post here. BTW, thank you FX Pro for showing us your system
I would be careful with the USD/CAD. It has been ranging for the past two days and especially overnight. The markets are quite thin today with the holiday and it is lunch time in New York and Toronto. I am only up to page 29 (still about 100 pages to go) so I am not sure if anyone has spoken about the use of Bollinger Bands. It looks like the pair is moving into the beginning of a Bollinger squeeze.
  • #1,978
  • Nov 12, 2012 11:25am Nov 12, 2012 11:25am
Welcome to the thread @tibokano. I must admit I haven't read every single page, but I have most, and I haven't seen anything about bollinger bands.

Now I'm in no position to dish out advice, but if I were you I'd just stick to looking for strong bounces from the 200 and 72 EMAs, intersecting the 12 EMA. They may come few and far between (Which is why you need a lot of patience with this strategy), but FX-Pro has proven these setups to have a high probability of success over a lengthy period of time.

All the best
Most people have the will to win, few have the will to prepare to win
  • #1,979
  • Nov 13, 2012 2:26am Nov 13, 2012 2:26am
lovely thread
  • #1,980
  • Nov 13, 2012 3:07am Nov 13, 2012 3:07am
Morning traders. Just checked out the majors and it looks like we had a fantastic setup on the Yen last night at 0200 UTC my time and 1100 (UTC + 9) Japanese time. I love these setups as they stick out like a nose on the face. I'm finding a lot of these clear setups don't require large SLs too. I think some beack-testing is required on this!

FX-Pro, tell me if I'm posting too much. I don't want to hijack your thread mate.
Attached Image (click to enlarge)
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Most people have the will to win, few have the will to prepare to win
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