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Simple Money Making Method

  • #2,181
  • Nov 28, 2012 3:53am Nov 28, 2012 3:53am
Quoting Philampm
I think that when you trade larger amounts- psychologically speaking, even with an edge you sometimes, 'doubt' your own ability and the ability of your system. I have tried to build the money up in my trading account week by week, month by month, year by year! Having said this- it always seems that when I start to trade more than £10.00, the 'double digit' makes me want to panic. At £9.00 per trade I feel calmer. Has anybody any ideas to help me overcome this??
This is psychological block from your child or previous lifes.
May be this will look weird, but
This can be your family karma. For example my family lost milions when comunism take our fields, factories and other stufs (it more than 50 years back). It is very emotional for peoples. And it save in family memory. Than you start again from zero after few generation. Your subconscious make block everytime when you see you can be rich. Becouse it remember that "you" lost a lot (your family lost a lot and made it psychological pain). And lots of money make you problem. Its not neccesarry lost money in trading. Or imposible for you trade more lots. The life can spend your money (example. You gain 50k and you think you are fine. But unexpectedly there are lots of life problems that erase your money from account and it continues year by year)
Or if your mom or dad told you something like "no pain no gain" or if your family are basicly staff and learn you "be good student in school find good job, keep certainly) But trading is unexpectable, uncertain, unsafe.
Try take on every end of day at 15 or more minutes to yourself (take yourself to the deep of mind). Find how to take your mind in your heart and try find what could be problem. When you find it, it is more than half way. Than you have to reprograming your subconcious and your mind.
Be fighter. Fight like a dragon and you will beat it. For me it is make my person better than iam. Be honor, true, courage. Be a real men or knight.
And when I started on this quality my trading be better than before. Becouse i found discipline.
Iam on this ship with you. And continuously move forward.
Keep moving.

There are fife quality from The Fire From Within (Carlos Castaneda)
control
discipline
indulgent patience
timing
will

And one last thing. From Art of war.
Victorious army must first know how to achieve victory. Only then can go into battle. Defeated army first go to fight and then looking for a way to win.


Iam sorry FX-Pro for this offtopic.
  • #2,182
  • Nov 28, 2012 5:46am Nov 28, 2012 5:46am
Quoting elerik
This is psychological block from your child or previous lifes.
May be this will look weird, but
This can be your family karma. For example my family lost milions when comunism take our fields, factories and other stufs (it more than 50 years back). It is very emotional for peoples. And it save in family memory. Than you start again from zero after few generation. Your subconscious make block everytime when you see you can be rich. Becouse it remember that "you" lost a lot (your family lost a lot and made it psychological pain). And lots of money...
Thanks eleric, that is a great insight and really useful. I believe it is perhaps all part of helping us all trade FX- Pro's great system.

I am still struggling with stop losses whilst following this thread. Please FX- Pro could you give another quick lesson on how you are using them?

Many thanks.
  • #2,183
  • Nov 28, 2012 8:06am Nov 28, 2012 8:06am
Quoting Philampm
Thanks eleric, that is a great insight and really useful. I believe it is perhaps all part of helping us all trade FX- Pro's great system.

I am still struggling with stop losses whilst following this thread. Please FX- Pro could you give another quick lesson on how you are using them?

Many thanks.
Its just that i couldn't spend much time here... I'm Sorry

Sure will discuss that soon...
  • #2,184
  • Nov 28, 2012 9:18am Nov 28, 2012 9:18am
This system reminds me of the alligator system which is also a good system. Nice of you to share fxpro.
  • #2,185
  • Nov 28, 2012 9:40am Nov 28, 2012 9:40am
Quoting Philampm
Thanks eleric, that is a great insight and really useful. I believe it is perhaps all part of helping us all trade FX- Pro's great system.

I am still struggling with stop losses whilst following this thread. Please FX- Pro could you give another quick lesson on how you are using them?

Many thanks.
Stop loss was for me hard part of trading.
iam using this technique.
Every time I risk max 10 pips (on EURUSD for example) or less. How can I do that?
Before you start trading. Think about it. What do you see ? Find Places where you can risk max 10 pips. If you want enter to trade and you have to risk more than 10 pips so just dont trade. Wait for better situation. If price will move and you didnt catch trade. Who care. There are tons of signals. Just find when is advantage on your side. Just small advatnage. And try find if you have courage stay in trade for RRR 1:3 or more. You have to train it.
This FX-Pro technique is playable on many TF. 1 minutes - weekly. On forex, metals, energy, futures. Even nobody wrote about it.
If H1 is too big for you. Try smaller TF. But be carefour. Smaller TF = much more bad signals ;-)
If you have discipline problem with wait. Imagine this.
Every dolar is you soldier. 1 dolar = 1 soldier. Do you want send your platoon to death ? Prepare battle. Where is a point where you try risk your platoon in fight ? Do you have some advantage (ex. S/R, price formation,...) Nothing more.
  • #2,186
  • Nov 28, 2012 10:03am Nov 28, 2012 10:03am
Good setup on the Loonie just now. Anyone lese take it?
Attached Image (click to enlarge)
Click to Enlarge Name: loonie6.JPG Size: 138 KB
Most people have the will to win, few have the will to prepare to win
  • #2,187
  • Nov 28, 2012 10:12am Nov 28, 2012 10:12am
Quoting burnzmeister
Good setup on the Loonie just now. Anyone lese take it?
Daily bounce at on the 12ema. Going long as long as price stays above 72ema on 1hr.
  • #2,188
  • Nov 28, 2012 10:19am Nov 28, 2012 10:19am
Quoting ferndog
Daily bounce at on the 12ema. Going long as long as price stays above 72ema on 1hr.
If we're trading off the hourly TF, don't you think considering the daily TF as a bit unnecessary?

The way I see it, on the H4 TF, we have a bounce from the 72 EMA and intersection of the 200 and 12 EMAs. H4 PA has been in a downtrend since 14 November.

H1 TF, we have a bounce from the 200 EMA and intersection of the 72 and 12 EMAs.

What more could you ask for!?
Most people have the will to win, few have the will to prepare to win
  • #2,189
  • Nov 28, 2012 10:28am Nov 28, 2012 10:28am
Quoting elerik
Stop loss was for me hard part of trading.
iam using this technique.
Every time I risk max 10 pips (on EURUSD for example) or less. How can I do that?
Before you start trading. Think about it. What do you see ? Find Places where you can risk max 10 pips. If you want enter to trade and you have to risk more than 10 pips so just dont trade. Wait for better situation. If price will move and you didnt catch trade. Who care. There are tons of signals. Just find when is advantage on your side. Just small advatnage. And try find if you have courage...
Lower TF - I Used to trade LTF but not very successful... those who claim that they are successful... I respect them, probably they can see, what i can't see on LTF.....

LTF are too noisy & full of fake signals.... I cant keep sitting in front of the computer & counting each tick on the chart... for me 1H is the lowest time frame, apart from this method i also trade 4H & day chart as well.... among all these the day chart is the best & gives more confirmed & peaceful trading experience... because you can make money while you sleep....

why the newbies look for LTF is because they see more signals than what they actually need & they get excited & jump in every signal they see & finally end up loosing the entire account or may be a couple of account before they start realizing edge in their trading style...

The best thing is to trade micro lots if you cant afford for bigger SL... But never go less than 1H if you really want to be stable in this business...IMO

Cheers,
FX-Pro
  • #2,190
  • Nov 28, 2012 10:33am Nov 28, 2012 10:33am
Mannn... missed the A/U signal....


anyone in the trade.... its a bounce outside bar...
  • #2,191
  • Nov 28, 2012 10:48am Nov 28, 2012 10:48am
Quoting FX-Pro
Mannn... missed the A/U signal....


anyone in the trade.... its a bounce outside bar...
What would be your profit tagert if you had entered FX-Pro? 1.0485?
Most people have the will to win, few have the will to prepare to win
  • #2,192
  • Nov 28, 2012 10:49am Nov 28, 2012 10:49am
Quoting FX-Pro
Mannn... missed the A/U signal....

anyone in the trade.... its a bounce outside bar...
Here is the chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 35 KB
  • #2,193
  • Nov 28, 2012 10:52am Nov 28, 2012 10:52am
Quoting FX-Pro
Mannn... missed the A/U signal....


anyone in the trade.... its a bounce outside bar...
Great system, FX-Pro!
Eu also bouncing in between 200 and 72 Emas!
Having more than 10 years experience in forex trading, I have my own system to trade,
but this is a great check-up, thank you for sharing!

Lietuve
  • #2,194
  • Nov 28, 2012 10:53am Nov 28, 2012 10:53am
Quoting burnzmeister
What would be your profit tagert if you had entered FX-Pro? 1.0485?
I would have close quick 20 Pips for my first half position or would have waited for the first 30 Pips I.e.. 1:1 RR if the SL is 30 Pips...
  • #2,195
  • Nov 28, 2012 10:57am Nov 28, 2012 10:57am
Quoting lietuve
Great system, FX-Pro!
Eu also bouncing in between 200 and 72 Emas!
Having more than 10 years experience in forex trading, I have my own system to trade,
but this is a great check-up, thank you for sharing!

Lietuve
Hi lietuve,

Welcome to the thread...

But the triggered E/U bar closed below my 72 & 12 EMA for a long...... which is not a valid entry...
  • #2,196
  • Nov 28, 2012 11:07am Nov 28, 2012 11:07am
Quoting FX-Pro
I would have close quick 20 Pips for my first half position or would have waited for the first 30 Pips I.e.. 1:1 RR if the SL is 30 Pips...
Here is the Bigger picture (4H) confirmation....
Attached Image
  • #2,197
  • Nov 28, 2012 11:12am Nov 28, 2012 11:12am
Quoting FX-Pro
Hi lietuve,

Welcome to the thread...

But the triggered E/U bar closed below my 72 & 12 EMA for a long...... which is not a valid entry...
Agree, FX-Pro, also it is the end of the trading session, but I have support at 1.288778 from yesterday's sell
at 1.2987, so having ema200 right where my support is, I am happy to see that it worked. As I said, to me
it is a great check-up of my technique, so simple and powerful, I enjoy your thread.

Thanks again,
Lietuve
  • #2,198
  • Nov 28, 2012 11:33am Nov 28, 2012 11:33am
Quoting lietuve
Agree, FX-Pro, also it is the end of the trading session, but I have support at 1.288778 from yesterday's sell
at 1.2987, so having ema200 right where my support is, I am happy to see that it worked. As I said, to me
it is a great check-up of my technique, so simple and powerful, I enjoy your thread.

Thanks again,
Lietuve
True... its just not valid as per this method, but its a good bounce trade from 200EMA + the breach of RN 1.2900 + Outside bar...

I'm more conservative & compare the pairs for best setups... moreover my broker gives a positive rollover on AU Longs.... thats another reason
  • #2,199
  • Nov 28, 2012 11:35am Nov 28, 2012 11:35am
I'm long just worried if we can get pass 1.0500. See some R there.
  • #2,200
  • Edited 12:12pm Nov 28, 2012 11:46am | Edited 12:12pm
Quoting ferndog
I'm long just worried if we can get pass 1.0500. See some R there.
the resistance is even before 1.0500, just keep a close watch... dont leave your computer alone....
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