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Simple Money Making Method

  • #2,441
  • Dec 14, 2012 5:22pm Dec 14, 2012 5:22pm
This is the AUDUSD trade I took last night. As of 1830 of 12/14/2012 ... when I came home from work ... this pair continued long for some nice pips. The market closed on me with +300 pips as of this writing.

I was wondering what TP levels you guys are using for the 1 hour time frame? I think I have found my time frame of reference for trading as I tend to only use 20 pips (200 pips 5 digit broker) as hard stop give or take a few. I have been debating on just moving the SL to BE + spread and let the trade play itself out and just opt out when I come back to the computer; or just have a pre-determined TP level. Don't be greedy is what they say. There is always another trade you can patiently wait for.

1:2 R/R ratio or 1:1.5 ??? OOOHHHHHH the pressure !!!
Attached Image (click to enlarge)
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  • #2,442
  • Dec 14, 2012 6:35pm Dec 14, 2012 6:35pm
Hello everybody.

Well, it's my first message. I would like to say that I need to improve my English (I come frome switzerland). So, messages posted by myself couldn't be very clear...

At first, I would like to thank Fxpros for his strategy. I've been working on Price action for a few months and it's very efficient.

I think it's possible to improve this system with a special application of Ichimoku. It could be interesting.
http://http://www.heberger-image.fr/...pture.png.html

AUD/USD - Daily

As you can see, cloud of Ichimoku can help us in order to anticipate wrong signals. However, Ichimoku isn't able to show us the all wrong signals.

I like this system and I will use it in the future. But, there are a lot of wrong signals, and that's why I will follow you to understand how do you use this method exactly.

Regards
  • #2,443
  • Dec 15, 2012 12:04am Dec 15, 2012 12:04am
Quoting FX-Pro
Hey Guys....

I've been trading this Method for almost 2 Years Now... with 80%+ Winning rate...

This is the Cream of what I've learnt from different Forum/thread.... used almost every indicator available.... tried all possible combinations…

Finally Ended up With Price Action, Supply Demand & the Trend.... this is more than enough to make pretty good money from this business... & I’m the witness for it.

Objective of this thread….

To Help Newbies, & to Learn from the Experts.

Who Can Trade This?

This method...
Thankyou for you for sharing your trading system
  • #2,444
  • Dec 16, 2012 12:21am Dec 16, 2012 12:21am
Good morning everybody,

my first post on this forum and it's for this particular thread. English is not my native language so please forgive me in case of.
I've been learning from all these forums for sometimes as "invisible" and I think it's time now to contribute as many others have done before me.
You won't learn from me as much as I learnt from you guys but let me be part of the "followers".

FX-Pro many thanks for your method but also for your time and devotion to this thread, as I said I'm still learning and not pretending to masterized your system but already making profit on demo of course. I also want to thank all the other positive contributors, sorry won't give all the names but guys you also have your part of success on this thread.

FX-Pro, one of your objective was/is : To Help Newbies, well, congrats it's done.
  • #2,445
  • Dec 17, 2012 12:44am Dec 17, 2012 12:44am
After 3-months of following the rules,This is something to help our newbie traders on this excellent system by my mentor fxpro. i held this trade since 12th of dec 2012. it's now 138 pips. i have locked in 70 pips. they pair is usdjpy 4 hour timeframe, it works with other pairs too. it's good to follow the rules.

cheers
fx-light

the patient dog eats the fattest bone.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy h4 by fx-light.gif Size: 26 KB
i am the lord that giveth thee power to create wealth.
  • #2,446
  • Dec 17, 2012 2:05am Dec 17, 2012 2:05am
Quoting fx light
After 3-months of following the rules,This is something to help our newbie traders on this excellent system by my mentor fxpro. i held this trade since 12th of dec 2012. it's now 138 pips. i have locked in 70 pips. they pair is usdjpy 4 hour timeframe, it works with other pairs too. it's good to follow the rules.

cheers
fx-light

the patient dog eats the fattest bone.
I have taken a week to read the thread - all seems like a good idea the thing that concerns me is why people move away from the rules. I understood this to be a 1h system. I took my first trade yesterday on the AUD/USD and sure enough it hit my stop loss but I will keep trying maybe I will find some winners. I have stayed with the original 12ema 72ema and not used the updated 8 as that system worked well for 2years the 8ema modification has only been tried for a couple of months. Good luck all
  • #2,447
  • Dec 17, 2012 5:42am Dec 17, 2012 5:42am
Quoting fx light
After 3-months of following the rules,This is something to help our newbie traders on this excellent system by my mentor fxpro. i held this trade since 12th of dec 2012. it's now 138 pips. i have locked in 70 pips. they pair is usdjpy 4 hour timeframe, it works with other pairs too. it's good to follow the rules.

cheers
fx-light

the patient dog eats the fattest bone.


Its not about the 138 pips, but 138 pips on this month is what matters.... usually, its a thin market in the month of December due to holidays but you manage to sustain up to 138 pips....., terrific. Practice to hold trade like this, this is what i call it as real trading.

be cautious this month,

Cheers,
FX-Pro
  • #2,448
  • Dec 17, 2012 5:49am Dec 17, 2012 5:49am
Quoting cliffjs
I have taken a week to read the thread - all seems like a good idea the thing that concerns me is why people move away from the rules. I understood this to be a 1h system. I took my first trade yesterday on the AUD/USD and sure enough it hit my stop loss but I will keep trying maybe I will find some winners. I have stayed with the original 12ema 72ema and not used the updated 8 as that system worked well for 2years the 8ema modification has only been tried for a couple of months. Good luck all
Good Cliffjs,

Stay with what ever you are comfortable with, the objective is not to lose money but to make money, simple as that.

Keep this always in your mind.

Cheers,
FX-Pro
  • #2,449
  • Dec 17, 2012 5:56am Dec 17, 2012 5:56am
Quoting cliffjs
I have taken a week to read the thread - all seems like a good idea the thing that concerns me is why people move away from the rules. I understood this to be a 1h system. I took my first trade yesterday on the AUD/USD and sure enough it hit my stop loss but I will keep trying maybe I will find some winners. I have stayed with the original 12ema 72ema and not used the updated 8 as that system worked well for 2years the 8ema modification has only been tried for a couple of months. Good luck all
Fx- pro suggested we could try it on other time frames and pairs to see if it works and for the past 3-months, I've done that and it's works on 4H,and H1 as well. patience is key to this system. i personally prefer the 12ema.
i am the lord that giveth thee power to create wealth.
  • #2,450
  • Dec 17, 2012 5:57am Dec 17, 2012 5:57am
Quoting cisco
I don't use the ma72, I use the ema50 because, like others, I like to be in the trade earlier. I've also added an ema3. When I see the ema3 cross the ema13 it perks up my attention. Then when the ema crosses the ema50 I go on high alert. Those crosses along with S/R and trend lines more often than not result in a successful trade.
Thanks for your input, you are looking for safe entry with the trend, almost the same way of trading, you bit early but.

I'm very conservative & I'm comfortable trading like this.

I should feel the market to enter the trade, if not i'l pass on even if i see a good trend.

Cheers,
FX-Pro
  • #2,451
  • Dec 17, 2012 6:08am Dec 17, 2012 6:08am
Quoting FX-Pro


Its not about the 138 pips, but 138 pips on this month is what matters.... usually, its a thin market in the month of December due to holidays but you manage to sustain up to 138 pips....., terrific. Practice to hold trade like this, this is what i call it as real trading.

be cautious this month,

Cheers,
FX-Pro
Thank you sir for the encouragement and immerse contribution to this thread. haven learnt how to break even and closing half postions from you has improved my trading. .being cautious demands that i shall continue to move my stop up if they the trend advances in order to lock in profits.i hope to learn more from you

cheers
fx-light
i am the lord that giveth thee power to create wealth.
  • #2,452
  • Dec 17, 2012 8:41am Dec 17, 2012 8:41am
Bought audusd with very tight stop @105429.
  • #2,453
  • Dec 17, 2012 8:50am Dec 17, 2012 8:50am
Ok Guy's help me out please does this chart show a valid entry i have taken a short trade - a it early but I have some work to do and I cant see it closing above the 12 ema
Attached Image (click to enlarge)
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  • #2,454
  • Dec 17, 2012 8:54am Dec 17, 2012 8:54am
Quoting lietuve
Bought audusd with very tight stop @105429.

...????you "BOUGHT" at 1.05429 or your "VERY TIGHT STOP" is 1.05429 ?

Thanks - C....
  • #2,455
  • Dec 17, 2012 9:00am Dec 17, 2012 9:00am
Quoting Cal-FX
...????you "BOUGHT" at 1.05429 or your "VERY TIGHT STOP" is 1.05429 ?

Thanks - C....


That would be too tight stop.
My stop is if bar closed below 1.052632.
  • #2,456
  • Dec 17, 2012 9:26am Dec 17, 2012 9:26am
Buy on EURGBP
Attached Image
  • #2,457
  • Dec 17, 2012 10:00am Dec 17, 2012 10:00am
So this USD/CAD looks a valid short at 0.9842 on the 4h bar lets see where this one takes me
  • #2,458
  • Dec 17, 2012 10:21am Dec 17, 2012 10:21am
Quoting lietuve
Bought audusd @105429.
Closed half of the order with 20 pips, the rest is free ride.
  • #2,459
  • Dec 17, 2012 10:29am Dec 17, 2012 10:29am
Quoting lietuve
Closed half of the order with 20 pips, the rest is free ride.
PA has only reached 1.0553 (10 pips from your entry). What do you mean you closed for 20 pips? I got in at the same price BTW. Looking for 100% Fib retracement.
Most people have the will to win, few have the will to prepare to win
  • #2,460
  • Edited 11:02am Dec 17, 2012 10:34am | Edited 11:02am
Quoting burnzmeister
PA has only reached 1.0553 (10 pips from your entry). What do you mean you closed for 20 pips? I got in at the same price BTW. Looking for 100% Fib retracement.
you are right. I am tired, - looked at the whole order and closed half of it - 10 pips.
I have to sleep more

so that's it sl taken, 10 pips altogether, good luck to everyvone
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