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Simple Money Making Method

  • #2,381
  • Dec 10, 2012 7:34am Dec 10, 2012 7:34am
Quoting booktimes
a/u, successful trade, closed at 1.0500, big round number with 13 pips profit.
many thanks FX-PRO, patience is certainly the key to this strategy.
  • #2,382
  • Dec 10, 2012 7:53am Dec 10, 2012 7:53am
NzdJpy
Attached Image
  • #2,383
  • Dec 10, 2012 8:35am Dec 10, 2012 8:35am
Quoting Brixton
NzdJpy


Looks good for an entry now, but my broker has an 8 point spread so wont be touching!
  • #2,384
  • Dec 10, 2012 9:03am Dec 10, 2012 9:03am
Quoting Brixton
Looks good for an entry now, but my broker has an 8 point spread so wont be touching!
Hey Brixton.... Better change your broker...
  • #2,385
  • Dec 10, 2012 9:10am Dec 10, 2012 9:10am
Quoting burnzmeister
You could just post all your trading activity on a new thread in Trading Discussion and leave this one as it is. If people want to see the finer details of this method you could just point them to this thread from there. Just a thought. Whatever you do though, please keep on posting somewhere on this forum. We all value your insight
I thought of it burnzmeister... but

You know that I'm unable to spend much time on this thread.... so starting another thread is not a good idea at the moment.... but sure will give my best when i start another thread.... because I owe to this forum & the members....

Thanks anyways...
FX-Pro
  • #2,386
  • Dec 10, 2012 9:16am Dec 10, 2012 9:16am
Quoting FX-Pro
I thought of it burnzmeister... but

You know that I'm unable to spend much time on this thread.... so starting another thread is not a good idea at the moment.... but sure will give my best when i start another thread.... because I owe to this forum & the members....

Thanks anyways...
FX-Pro
We owe you, so please keep giving your valious inputs.

I am still in my trade, don't like the shooting star but I'm already B/E so nothing to loose...
  • #2,387
  • Dec 10, 2012 9:21am Dec 10, 2012 9:21am
Quoting BlueMental
Greetings FX-Pro and readers.

Your system is effective and simple. I have not tried it specifically, but I trade a similar type of system which I called The Magic Monster MacD. In essense it uses the same bouncing off of the EMA resistance.

I trade only one pair (The Grumpy Grandma) which is Gbp Jpy. She gives a stout punch if you disrespect her, but she treats you well if you do the same to her.

I would like to know your thoughts on Magic Monster. It is most suited to Long term trades, and yes it works effectively to reach 1000+ pip trades.

You...
Hi Blue,

I went through your thread...

Nice idea... indeed, except for the indicators.... i'm not a fan of Indies... you have nice edge though...

About AUD/USD - One of the best & steady pair... my Favourite... my broker charges me higher spread for G/J (The Grumpy Grandma).... so I haven't traded/practiced yet....

Thanks for your views....

Keep up the good work....
FX-Pro
  • #2,388
  • Dec 10, 2012 9:26am Dec 10, 2012 9:26am
Quoting Nidolap
We owe you, so please keep giving your valious inputs.

I am still in my trade, don't like the shooting star but I'm already B/E so nothing to loose...
Thanks my dear brother....

Keep it up....

Cheers,
FX-Pro
  • #2,389
  • Edited Dec 11, 2012 12:15am Dec 10, 2012 11:46pm | Edited Dec 11, 2012 12:15am
Howdy,
just taken a trade long on AUSUSD as the bar bounced from the 200EMA and the last bar closed above the PAC, waited for a retracement and entered just past the closing price of the last 1 hr bar. If anyone with more experience can comment please let me know your thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: aususd 11th dec 2012.gif Size: 22 KB
  • #2,390
  • Dec 11, 2012 2:01am Dec 11, 2012 2:01am
Solid bullish formation on USD/CHF atm.

Am still in this trade tho so not taking it...
Quoting chux33
Nice bullish pin just formed in gbp/chf.
Possible reversal on daily would make this a nice entry imho...
  • #2,391
  • Dec 11, 2012 4:20am Dec 11, 2012 4:20am
eurjpy a nice breakout,
  • #2,392
  • Dec 11, 2012 4:51am Dec 11, 2012 4:51am
I would go long on AUD/USD however there is a strong resistance around 1.0500
So I will not go on with this setup.

Regards,
  • #2,393
  • Dec 11, 2012 5:37am Dec 11, 2012 5:37am
I totally reject this thread. Can't you see - ALL you need is PRICE ACTION.

You need to narrow down from 5 min trades to 5 sec tradses, depending on whatsgoingon.

Simplicity, simplicity, simplicity.

Shane (Australia)
  • #2,394
  • Dec 11, 2012 5:53am Dec 11, 2012 5:53am
Quoting shaneo
I totally reject this thread. Can't you see - ALL you need is PRICE ACTION.

You need to narrow down from 5 min trades to 5 sec tradses, depending on whatsgoingon.

Simplicity, simplicity, simplicity.

Shane (Australia)
Well come on then hot shot, start a new thread and post your methods, support people and teach them your thinking........

Rather than condemn people like FX-Pro who care and take time to teach, do something positive yourself!
  • #2,395
  • Dec 11, 2012 6:01am Dec 11, 2012 6:01am
Quoting ymmit
Howdy,
just taken a trade long on AUSUSD as the bar bounced from the 200EMA and the last bar closed above the PAC, waited for a retracement and entered just past the closing price of the last 1 hr bar. If anyone with more experience can comment please let me know your thoughts.
Its positive, but not the trigger though....

Just be careful.... not losing the money is more important than making money..... IMO

Cheers,
FX-Pro
  • #2,396
  • Dec 11, 2012 6:03am Dec 11, 2012 6:03am
Quoting shaneo
I totally reject this thread. Can't you see - ALL you need is PRICE ACTION.

You need to narrow down from 5 min trades to 5 sec tradses, depending on whatsgoingon.

Simplicity, simplicity, simplicity.

Shane (Australia)
This thread is meant for civil traders. Good luck scalping, Shane, and good bye!
  • #2,397
  • Dec 11, 2012 6:04am Dec 11, 2012 6:04am
Quoting shaneo
I totally reject this thread. Can't you see - ALL you need is PRICE ACTION.

You need to narrow down from 5 min trades to 5 sec tradses, depending on whatsgoingon.

Simplicity, simplicity, simplicity.

Shane (Australia)
How can you make money from holding positions for only 5 seconds!!! Unless you're an arbitrager then it's impossible. The spread will eat you up buddy
Most people have the will to win, few have the will to prepare to win
  • #2,398
  • Dec 11, 2012 6:08am Dec 11, 2012 6:08am
Quoting Philampm
Well come on then hot shot, start a new thread and post your methods, support people and teach them your thinking........

Rather than condemn people like FX-Pro who care and take time to teach, do something positive yourself!
Just go through all his post.... our thread is not the first one for him to post like this....

Don't worry.... I just clicked him away... now this is a old lesson for me that, how to keep these people away from us

Please don't waste your time... on these things... lets do some thing productive....

Cheers,
FX-Pro
  • #2,399
  • Dec 11, 2012 6:08am Dec 11, 2012 6:08am
Quoting fahadkw
I would go long on AUD/USD however there is a strong resistance around 1.0500
So I will not go on with this setup.

Regards,
I went long the Aussie and 1.0500 is my TP. You see the candlestick pattern, the one that began at 1900 EST and ended at midnight EST? It's a pattern I've come across time and again and they seem quite reliable for trend continuations from the EMAs.

Has anyone else noticed this?
Most people have the will to win, few have the will to prepare to win
  • #2,400
  • Dec 11, 2012 6:11am Dec 11, 2012 6:11am
Quoting shaneo

You need to narrow down from 5 min trades to 5 sec tradses, depending on whatsgoingon.

Shane (Australia)
Pro...please excuse me for expressing the following opinion. I realize it's not your style to say anything negative to posters.

Shane, I'm sure your parents are very proud of you. You obviously have a superior mental capacity compared to the rest of us mortals. I know I, for one, am extremely impressed with your command of spelling. Especially your ability to type difficult words like 'tradses' and 'whatsgoingon'. I have no doubt that your trading account is reflective of that same superior mental capacity. I hope you and the rest of your 10 year old school buddies enjoy your upcoming Christmas break.
Hi, my name is Barry and you can keep your doctor...
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