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Simple Money Making Method

  • #2,321
  • Dec 6, 2012 9:07am Dec 6, 2012 9:07am
Dear Folks,

I See so many opportunities..... but not many post on the thread...

Is that you guys missed it or not posted the trade...

I took one today... bit late entry gave a better price....

here you go...

Cheers,
FX-Pro
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  • #2,322
  • Dec 6, 2012 9:09am Dec 6, 2012 9:09am
Quoting burnzmeister
Made 20 pips on this. Anyone else take this move?

Also, a possible bullish setup on cable could be immininet. This market has been strongly bullish since mid-last month...
Good work bro.... as usual...

Keep it up

Cheers,
FX-Pro
  • #2,323
  • Dec 6, 2012 9:18am Dec 6, 2012 9:18am
Excellent sentiment to trade E/U... missed it...

i did not expect much move this month....

Usually this month (December) is a thin market....

but got good opportunities....

never mind...

lets wait for the next Year / Month....

Cheers,
FX-Pro
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  • #2,324
  • Dec 6, 2012 9:20am Dec 6, 2012 9:20am
Quoting FX-Pro
Good work bro.... as usual...

Keep it up

Cheers,
FX-Pro
Yes I did- thank you FX- Pro.

Thank you also for posting your trades. It really helps. I am really getting used to the one currency pair now which makes my head feel less 'cluttered'

Thanks again x
  • #2,325
  • Dec 6, 2012 9:30am Dec 6, 2012 9:30am
Quoting Philampm
Yes I did- thank you FX- Pro.

Thank you also for posting your trades. It really helps. I am really getting used to the one currency pair now which makes my head feel less 'cluttered'

Thanks again x
good for you, keep it up....

All the very best...

FX-Pro
  • #2,326
  • Dec 6, 2012 9:31am Dec 6, 2012 9:31am
Quoting FX-Pro
Dear Folks,

I See so many opportunities..... but not many post on the thread...

Is that you guys missed it or not posted the trade...
Yeah there have been quite a few, but probably not wise to take them all :-)

I've been short the Loonie for nearly 24 hours, so didn't want to increase my exposure by taking on other, possibly correlated, positions.

I'm more interested in the H4 TF with this trade. Possibly why it's taking so long to move. Just waiting for a downside breakout of the wedge atm.
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Most people have the will to win, few have the will to prepare to win
  • #2,327
  • Edited 7:45pm Dec 6, 2012 9:42am | Edited 7:45pm
Quoting burnzmeister
Yeah there have been quite a few, but probably not wise to take them all :-)

I've been short the Loonie for nearly 24 hours, so didn't want to increase my exposure by taking on other, possibly correlated, positions.

I'm more interested in the H4 TF with this trade. Possibly why it's taking so long to move. Just waiting for a downside breakout of the wedge atm.
Choosing the best is always a problem....

I know.... it also depends on your risk management....

never mind... as long as you have patience & have that winning attitude....YOU WILL WIN No Doubt in that....

Just keep up the good work.....

All the very best...
FX-Pro
  • #2,328
  • Dec 6, 2012 9:46am Dec 6, 2012 9:46am
Quoting FX-Pro
Good work bro.... as usual...

Keep it up

Cheers,
FX-Pro
Thanks mate. I make a lot of stupid trades as well, so there's still a long way to go for me!
Most people have the will to win, few have the will to prepare to win
  • #2,329
  • Dec 6, 2012 9:48am Dec 6, 2012 9:48am
Quoting booktimes
watching aud/usd, if present candle closes above 12ema, looking to trade with a quick tp at 1.480
You got exactly what i look for a trade.....

Superb.....

All the very best...

FX-Pro
  • #2,330
  • Dec 6, 2012 9:57am Dec 6, 2012 9:57am
Quoting dervel
Newbie here, I'd love some feedback!Entered here...
A Clear text book entry....

Keep it up....

FX-Pro
  • #2,331
  • Dec 6, 2012 10:07am Dec 6, 2012 10:07am
it was a long drive during the week... & The week is over almost....

I don't know if i'll be able to make it tomorrow to sit through for a trade....

See you all,

Cheers,
FX-Pro
  • #2,332
  • Dec 7, 2012 1:49am Dec 7, 2012 1:49am
Fx-Pro and all seniors:

Can someone please post a chart image and show me where & what is BE (break even)? as i really don't understand what is that?
Trading is not easy
  • #2,333
  • Dec 7, 2012 2:55am Dec 7, 2012 2:55am
Hey fx pro
Can you tell me what I put on the graph and how do I use it correctly?, And what to watch?
I'm relatively new to trading
Thank you
  • #2,334
  • Dec 7, 2012 3:24am Dec 7, 2012 3:24am
Quoting yoni054
Hey fx pro
Can you tell me what I put on the graph and how do I use it correctly?, And what to watch?
I'm relatively new to trading
Thank you
You just load the template SM3 that Fx-pro had uploaded and follow the rules on the 1st page of this thread, that's all.
Trading is not easy
  • #2,335
  • Dec 7, 2012 3:30am Dec 7, 2012 3:30am
Quoting FX-Pro
it was a long drive during the week... & The week is over almost....

I don't know if i'll be able to make it tomorrow to sit through for a trade....

See you all,

Cheers,
FX-Pro

Fx-pro:

The BE means the price action that breaks through the previous high or previous low, am i right?
Trading is not easy
  • #2,336
  • Dec 7, 2012 3:38am Dec 7, 2012 3:38am
Quoting xiaotiao
Fx-pro:

The BE means the price action that breaks through the previous high or previous low, am i right?

@xiaotiao,

BE = breakeven, it means to move the stop loss to the entry point if the price goes in your favor.
In this way you protect yourself against losses if price returns and goes against you.
It means no loss, no gain.
hope it helps.
  • #2,337
  • Dec 7, 2012 3:42am Dec 7, 2012 3:42am
Quoting xiaotiao
Fx-pro:

The BE means the price action that breaks through the previous high or previous low, am i right?
It's been stated quite a few times already on this thread...

BE means 'Break Even'. After a trade moves in your favour, you may want to move your SL (Stop Loss) to the price at which you entered, thus eliminating any risk for the rest of the trade (assuming you don't then move it again, in the wrong direction - Never increase your SL without good reason to do so i.e. imminent major news release).

Now, you don't want to make the mistake of moving your SL too early, because that will increase your chances of being stopped out due to inherent market volatility. I think FX-Pro and others tend to move their stops when the PA (Price Action) reaches the first obvious support/resistance that's at least 15/20 pips away. I may be wrong on that, so maybe Pro can clear that up, but I think he stated something like that on the thread somewhere.

Hope that clears it up a tad?
Most people have the will to win, few have the will to prepare to win
  • #2,338
  • Dec 7, 2012 3:42am Dec 7, 2012 3:42am
Quoting bogdan1
@xiaotiao,

BE = breakeven, it means to move the stop loss to the entry point if the price goes in your favor.
In this way you protect yourself against losses if price returns and goes against you.
It means no loss, no gain.
hope it helps.
You beat me to it :-P
Most people have the will to win, few have the will to prepare to win
  • #2,339
  • Dec 7, 2012 4:16am Dec 7, 2012 4:16am
i see now a nice set up on aud/usd for LONG. 25 pips TP, won't BE because strong support 1.05
  • #2,340
  • Dec 7, 2012 7:52am Dec 7, 2012 7:52am
Okay,

We just had green figures across the board for the US and this has given rise to a saucey little setup on GBP/JPY: A bounce from the 200 and intersection of the 12 and 72 EMAs. However, this is obviously a spike from the news, so the question is: Do we trade it? It is also Friday, so any move to finish off the week will be limited.

What do you guys think?

*Edit: The setup hasn't completed yet...
Most people have the will to win, few have the will to prepare to win
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