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Simple Money Making Method

  • #2,201
  • Nov 28, 2012 11:59am Nov 28, 2012 11:59am
Quoting burnzmeister
What would be your profit tagert if you had entered FX-Pro? 1.0485?
But how come you dint enter this trade....

Is that you missed like me or doubt the entry
  • #2,202
  • Nov 28, 2012 4:14pm Nov 28, 2012 4:14pm
are you seeing what am seeing on EURUSD H4... it looks long.. any different idea?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4 by fxlight.gif Size: 24 KB
i am the lord that giveth thee power to create wealth.
  • #2,203
  • Nov 28, 2012 5:45pm Nov 28, 2012 5:45pm
Hi all, this is my very first post on this forum and my first words have to go for Fx-Pro for sharing all these great value trading ideas with us.

This method and trading approach is the one I identify myself with and the one that match's my trading schedule. The AUSUSD signal for today was very impressive and, for what I've read here, a "classic" one.

What I'd like to ask you is if the previous one was also a valid signal (marked on the chart below) :

http://img594.imageshack.us/img594/316/audusde.png

If not, why? Because the same candle that bounces on EMA72 doesn't close above EMA72&EMA12?

Thanks!
  • #2,204
  • Nov 28, 2012 5:47pm Nov 28, 2012 5:47pm
Quoting FX-Pro
Here is the Bigger picture (4H) confirmation....
is it the way to use just one ema (12 ema) on h4, whilst three ema (12, 72, 200) on daily?
Trade As A Sniper
  • #2,205
  • Nov 28, 2012 11:27pm Nov 28, 2012 11:27pm
Quoting pama.fx
is it the way to use just one ema (12 ema) on h4, whilst three ema (12, 72, 200) on daily?
Nope!

Just to give a clear chart i removed the other EMAs
  • #2,206
  • Nov 28, 2012 11:36pm Nov 28, 2012 11:36pm
Quoting Nidolap
If not, why? Because the same candle that bounces on EMA72 doesn't close above EMA72&EMA12?

Thanks!
Yes...

Why i say that is because i want to see the strength/power of the bounce, which will give more confident to enter the trade, you get what i mean....

For the newbies.... i recommend to practice any one pattern like the one on A/U yesterday, an OB occurred exactly at the TL+200EMA+on a support zone.... once you start mastering this then start looking for different patterns, certainly it will take long time to see each trigger, but thats the only option if you want to master this method, alternatively you can also run a back test & practice for a quick understanding, but that will also take some time.... no other shortcut....

Cheers,
FX-Pro
  • #2,207
  • Nov 29, 2012 2:40am Nov 29, 2012 2:40am
Here is a E/U Long...
Attached Image
  • #2,208
  • Nov 29, 2012 3:49am Nov 29, 2012 3:49am
Quoting FX-Pro
Here is a E/U Long...
Closed first half position for 20 Pips & moved the other half position to BE....
Attached Image
  • #2,209
  • Nov 29, 2012 3:56am Nov 29, 2012 3:56am
Quoting FX-Pro
Closed first half position for 20 Pips & moved the other half position to BE....
how nice! I did the same at 12987
  • #2,210
  • Nov 29, 2012 4:03am Nov 29, 2012 4:03am
Quoting FX-Pro
Here is a E/U Long...
Cable has been sluggish to follow this move, so if you missed going long on the Euro you could have gone long on Cable instead.
Most people have the will to win, few have the will to prepare to win
  • #2,211
  • Nov 29, 2012 4:43am Nov 29, 2012 4:43am
what about AUD/USD ping bar bounce from 72ema now?
  • #2,212
  • Nov 29, 2012 5:18am Nov 29, 2012 5:18am
Quoting burnzmeister
Cable has been sluggish to follow this move, so if you missed going long on the Euro you could have gone long on Cable instead.
oh ya thats a good trigger as well.... I left my computer alone after the BE on E/U....

Hope it turns positive...

Cheers,
FX-Pro
  • #2,213
  • Nov 29, 2012 5:20am Nov 29, 2012 5:20am
Quoting yuzo
what about AUD/USD ping bar bounce from 72ema now?
Though its a valid trigger they all are inside bar for the big red bar... I Don't enter until they breach that range...
  • #2,214
  • Nov 29, 2012 5:22am Nov 29, 2012 5:22am
Quoting lietuve
how nice! I did the same at 12987
Super cool....
  • #2,215
  • Nov 29, 2012 6:26am Nov 29, 2012 6:26am
Quite a rogue trade as Burnzmeister pointed out, but even so managed to TP before bouncing back from EMA200
  • #2,216
  • Nov 29, 2012 6:32am Nov 29, 2012 6:32am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 271112.gif Size: 28 KB
  • #2,217
  • Nov 29, 2012 6:33am Nov 29, 2012 6:33am
Quoting FX-Pro
Here is a E/U Long...
Why is that? The candles didn't even touch 72EMA
  • #2,218
  • Nov 29, 2012 6:38am Nov 29, 2012 6:38am
Quoting unclesu
Quite a rogue trade as Burnzmeister pointed out, but even so managed to TP before bouncing back from EMA200
Nice work dude. Everyone likes a rogue!
Most people have the will to win, few have the will to prepare to win
  • #2,219
  • Nov 29, 2012 6:42am Nov 29, 2012 6:42am
FX-Pro, I started applying your strategy from about the 7th of this month. I was very sceptic and traded with some caution.
But, hell yeah, I got more than 6% growth this month.
I reached my target in 3/4 of the month and could have gotten a lot more.

Thanks a lot for helping me and I hope a lot of others.
  • #2,220
  • Nov 29, 2012 7:25am Nov 29, 2012 7:25am
Funny, how symmetrical this euro recovery is on H4 chart.
1.301223 might be a major resistance area again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu nov 28.jpg Size: 110 KB
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