Simple Money Making Method | Page 113 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Making Money is Extremely Simple 38 replies

bo7a method... method for GBP/JPY 205 replies

Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies

Simple trading method 49 replies

Attachments: Simple Money Making Method
Exit Attachments

Simple Money Making Method

  • #2,241
  • Nov 29, 2012 11:46am Nov 29, 2012 11:46am
Quoting xiaotiao
Sorry my English standard really not very well. Do you mean that the candles you highlighted can be taken as an optimal entry? especially the longest bullish candle? the reason is it bounce from 72EMA & 200 EMA, and it closes above 12 EMA?
Exactly, a bounce from the 200 and intersection of the 72 and 12 EMAs. Generally, the closer the EMAs the more explosive the move. You just have to back-test and see for yourself.
Most people have the will to win, few have the will to prepare to win
  • #2,242
  • Nov 29, 2012 4:07pm Nov 29, 2012 4:07pm
can you post some monthly reports using this method ?
  • #2,243
  • Nov 29, 2012 4:39pm Nov 29, 2012 4:39pm
Hi brothers and sisters,

found a few golden eggs today for this Simple Money Making Method.
Below GU H1 Chart.

Please note, there are more eggs left for you to pick up

Love, Ciara



P.S. Where is the goose? Hint: Read the Thread. Thank you FX-Pro for teaching us!
Attached Image (click to enlarge)
Click to Enlarge Name: 20121129GU goldeneggs.jpg Size: 116 KB
Ideas shape the course of history
  • #2,244
  • Nov 29, 2012 11:56pm Nov 29, 2012 11:56pm
a potential trade on AU. rejection on 200ema and closing above 12 ema.
old method.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 51 KB
patient....
  • #2,245
  • Nov 30, 2012 12:47am Nov 30, 2012 12:47am
3 trading system lead AU to 1 direction...
will its work out
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 96 KB
patient....
  • #2,246
  • Nov 30, 2012 1:25am Nov 30, 2012 1:25am
confirmed bounce off 200emd and 12ema.
slot in target slightly below R1. or should it be pivot level?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 63 KB
patient....
  • #2,247
  • Nov 30, 2012 1:59am Nov 30, 2012 1:59am
hedging on the AU retracement, a good idea?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 62 KB
patient....
  • #2,248
  • Nov 30, 2012 2:46am Nov 30, 2012 2:46am
closed all AU trades. net loss.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 69 KB
patient....
  • #2,249
  • Nov 30, 2012 2:49am Nov 30, 2012 2:49am
Hi Folks...

I'm Short from 1.0431 on A/U - 1H.... & I'm On the move....

I'l post the chart once i reach home...

Cheers,
Folks...
  • #2,250
  • Nov 30, 2012 2:51am Nov 30, 2012 2:51am
Howdy,
Food for thought!! Possible trade short??
check out the AUSUSD 1hr. Previous 1hr bar touched the 72EMA (as a pin bar). Will this bar close beneath the 200 EMA and beneath the Price Action Channel? Problem, trading in an odd order of EMA's. But, trading away from the 200EMA. There might be an area of support but if it breaks through this and closes beneath the channel will it be a trade short?


cheers
Ymmit
  • #2,251
  • Nov 30, 2012 3:10am Nov 30, 2012 3:10am
Quoting ymmit
Howdy,
Food for thought!! Possible trade short??
check out the AUSUSD 1hr. Previous 1hr bar touched the 72EMA (as a pin bar). Will this bar close beneath the 200 EMA and beneath the Price Action Channel? Problem, trading in an odd order of EMA's. But, trading away from the 200EMA. There might be an area of support but if it breaks through this and closes beneath the channel will it be a trade short?


cheers
Ymmit
Ya you are right Ymmit, 200 EMA is the hindrance for this trade... but Pin Bars are more powerful when they form in specific areas like the Main Trend MAs, Supply/Demand/Physiological level etc..

the pin bar did not close below the 12EMA... but this comes through experience i guess, because of the slope of 12EMA (Down Trend) + the shooting star influenced me for this trade.

Cheers,
FX-Pro
  • #2,252
  • Nov 30, 2012 3:22am Nov 30, 2012 3:22am
I'm not sure. It's risky because the 200 EMA is flat. Anything can happen. Nevertheless, I'm in also. Nice RN TP at 1.0400?
Attached Image (click to enlarge)
Click to Enlarge Name: aussie4.JPG Size: 135 KB
Most people have the will to win, few have the will to prepare to win
  • #2,253
  • Nov 30, 2012 3:42am Nov 30, 2012 3:42am
Quoting burnzmeister
I'm not sure. It's risky because the 200 EMA is flat. Anything can happen. Nevertheless, I'm in also. Nice RN TP at 1.0400?
I'm on BE...

looks like your entry is after the second bar from the Pin... Just be careful... its Friday today... End of the Week & End of the Month as well....

Cheers FX-Pro
  • #2,254
  • Nov 30, 2012 3:46am Nov 30, 2012 3:46am
To me, thats a bearish pin bar, and shouldn't be used for a long entry.

*edit - sorry I see your talking about a short entry
  • #2,255
  • Nov 30, 2012 3:55am Nov 30, 2012 3:55am
Quoting Brixton
To me, thats a bearish pin bar, and shouldn't be used for a long entry.

*edit - sorry I see your talking about a short entry
Yeah you're right Brixton, and there's obvious support at 1.0420. It's not a textbook trade IMHO, so I got out at break-even. I'd consider that a bad trade no matter what the outcome.

Lesson to be learned for me: Don't be swayed by other people's opinions. Trade the method you've tried and tested yourself.
Most people have the will to win, few have the will to prepare to win
  • #2,256
  • Edited 4:28am Nov 30, 2012 4:11am | Edited 4:28am
Quoting burnzmeister
Yeah you're right Brixton, and there's obvious support at 1.0420. It's not a textbook trade IMHO, so I got out at break-even. I'd consider that a bad trade no matter what the outcome.

Lesson to be learned for me: Don't be swayed by other people's opinions. Trade the method you've tried and tested yourself.
YES, ITS NOT A TEXT BOOK ENTRY....

Don't get influenced by people including me... Never trade anything you are not used to... until you practice/trust the way you trade...

Cheers,
FX-Pro
  • #2,257
  • Nov 30, 2012 4:19am Nov 30, 2012 4:19am
Here is my A/U 1H Entry...
Attached Image
  • #2,258
  • Nov 30, 2012 4:53am Nov 30, 2012 4:53am
Thank you for your wise words everyone. I am a newbie to FX and did take the AUSUSD short. Managed to pull a couple of positive pips and quickly exited the trade. Thank you FX Pro for your reply, I will re read this thread over the weekend. I must remember the pin must close beneath the PAC for short to be valid.Have a good one everyone. It has been very hot here downunder! Whew!


Cheers
Ymmit
  • #2,259
  • Nov 30, 2012 4:58am Nov 30, 2012 4:58am
Quoting FX-Pro
Here is my A/U 1H Entry...
I would trade this too. But I was slow. And didnt jump in. But Now. I dont now. This looks like very strange. I seen this "H1 - the symbol of the three" (see the price) " a lot of times, just before trend revers. (price move Down - symbol of the three - price move up)
If it will return to your BE and dont break it. It will be definetly flag and short is fine. But if not. It could go 1.0485 nicely.
For me this is very interesting position to learn the price. And therefor Iam long. Just for my experience.
And it took me very painfull to do that. But I really want to see what happend. I have never tried that.
  • #2,260
  • Nov 30, 2012 5:10am Nov 30, 2012 5:10am
Quoting ymmit
Thank you for your wise words everyone. I am a newbie to FX and did take the AUSUSD short. Managed to pull a couple of positive pips and quickly exited the trade. Thank you FX Pro for your reply, I will re read this thread over the weekend. I must remember the pin must close beneath the PAC for short to be valid.Have a good one everyone. It has been very hot here downunder! Whew!


Cheers
Ymmit
Hi Ymmit,

Just Use a simulator... Make sure you enter according to the main trend & Identify a strong bars rejecting the 72EMA, 200EMA. Supply/Demand, & Physiological level closing below/above 12EMA.... this will give you enough idea what exactly we are looking for...

Cheers,
FX-Pro
1 trader viewing now