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Simple Money Making Method

  • #2,601
  • Dec 31, 2012 2:05pm Dec 31, 2012 2:05pm
Quoting lietuve
I agree with you, Nidolap. FxRetro techniques demonstrate his own methods, they could be brilliant, good for him, but has very little to do
with what we are trying to study here in this thread. Indeed, eur/aud H1 chart posted here doesn't show any trigger to short based on moves around
moving averages, Daily trend is UP. Even if the daily trend is ending for eur/aud, we do not jump into trades trying to predict market reversals. We
patiently wait, until reversal happened, see that it is confirmed and then follow the new trend.
I would suggest...
I think you are confused because I minimized the charts. I follow the rules but I use some other of my own to find support-resistance rejections.. Here are the fxpro rules:

Time Frame…
1H
Indicators I Use
•HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
•72 EMA Closed – Average trend of three days (24*3)
•12 EMA Closed – Average trend of the day (1*12)
•Supply/Demand – Place the Support/Resistance When You See them
•Round Number - Physiological Level is a market sentiment / a key level to watch

Entry :-

•Look for a Reject from 72 EMA
•Enter after the price closed above/Below the 12 EMA
•The entry Candlestick should be one single bar rejecting from 72 EMA & Closing Below/Above 12EMA & should be a Pinbar, Marubozu, Engulfing Pattern… Etc

Exit : - Its Up to a trader to decide depending on his/her risk, I personally close After the price closed below/above the 12 EMA or on a reversal or support/resistance etc...

Stop Loss ;- Swing High or Swing Low / Above or Below 72 EMA.

The 1D or 1W chart is just to have a better confirmation of what is going to happen in 1H. Bellow I show a 1D and 1H chart of the EUR-AUD from today. Sometimes Im late when I open the charts but if I see that for the long run is probable that the price might continue is current direction I put a trade to let it run until is positive. If the time pass and it is not positive, then I closed. Other times the market takes me out. That's all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHART 2.png Size: 46 KB
Click to Enlarge Name: chart 3.png Size: 43 KB
Swing with the tide, Surf with the waves!
  • #2,602
  • Dec 31, 2012 2:09pm Dec 31, 2012 2:09pm
If the market takes us out with a lost, it is not a big deal. It is part of this business. We just need to look for another good opportunity.
Swing with the tide, Surf with the waves!
  • #2,603
  • Dec 31, 2012 2:28pm Dec 31, 2012 2:28pm
Quoting FxRetro
I think you are confused because I minimized the charts. I follow the rules but I use some other of my own to find support-resistance rejections.. Here are the fxpro rules:

Time Frame…
1H
Indicators I Use
•HeikenAshi - Initially When I started I used it, However I’ve stopped using it now….. As I see the candle stick patterns are more than enough to enter/exit a trade….
•72 EMA Closed – Average trend of three days (24*3)
•12 EMA Closed – Average trend of the day (1*12)
•Supply/Demand – Place the...

I hate petty encounters, but:
the price on euraud H1 chart was not below Ema72, Ema200 still rising, on H4 both Mas are UP, so is Daily chart. There was no basis for a short call if following method described in this thread by his author.
I am not confused, the call to short euraud was confusing. Hope you look at your chart. End of discussion.

Wish you good year in 2013!

Lietuve.
  • #2,604
  • Dec 31, 2012 2:31pm Dec 31, 2012 2:31pm
I don't want to confuse anyone. Here is another chart of the eurcad with some explanations. As I said, I minimize the chart to have a big view of the market, but I also take a look on the longer timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 1h.png Size: 52 KB
Swing with the tide, Surf with the waves!
  • #2,605
  • Dec 31, 2012 2:56pm Dec 31, 2012 2:56pm
Quoting lietuve
I hate petty encounters, but:
the price on euraud H1 chart was not below Ema72, Ema200 still rising, on H4 both Mas are UP, so is Daily chart. There was no basis for a short call if following method described in this thread by his author.
I am not confused, the call to short euraud was confusing. Hope you look at your chart. End of discussion.

Wish you good year in 2013!

Lietuve.
In my post 2,589 the price had crossed down ema72, then made a pullback and go down again. There it was when I decided to enter short. Fxpro system use only emas 72-12 on 1H. If you use ema 200 and 4h for confirmation, that is your way.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 4.png Size: 74 KB
Swing with the tide, Surf with the waves!
  • #2,606
  • Dec 31, 2012 2:59pm Dec 31, 2012 2:59pm
Quoting FxRetro
Short AUD-NZD.
Awsome! Thank you for that aud/nzd play that you posted. I never saw it because with FXCM I use their marketscope charts not their mt4 and marketscope only allows you to pick 20 pair to have in the choice menu at one time. I will get in this hopefully as soon as the market opens back up. As long as there is no gap down on the open it seems close enough to your original entry. Plus looking at the chart alone it seems it formed a very strong double top so I will take all the resistance I can get! And no support in sight! Fabulous! Thanks again.

Silat
  • #2,607
  • Dec 31, 2012 3:00pm Dec 31, 2012 3:00pm
IM NOT TELLING ANYBODY TO TAKE THE TRADES THAT IM POSTING. This is only for information.
Swing with the tide, Surf with the waves!
  • #2,608
  • Dec 31, 2012 3:09pm Dec 31, 2012 3:09pm
The eurostoxx continued it downside rally during the night. Rules: Price below ema 12 and 72. This was an strong bearish move without pullback to non of the emas. I did't have margin to take it.
Attached Image (click to enlarge)
Click to Enlarge Name: Eurostox 1.png Size: 40 KB
Swing with the tide, Surf with the waves!
  • #2,609
  • Dec 31, 2012 3:16pm Dec 31, 2012 3:16pm
Quoting Silat50
Awsome! Thank you for that aud/nzd play that you posted. I never saw it because with FXCM I use their marketscope charts not their mt4 and marketscope only allows you to pick 20 pair to have in the choice menu at one time. I will get in this hopefully as soon as the market opens back up. As long as there is no gap down on the open it seems close enough to your original entry. Plus looking at the chart alone it seems it formed a very strong double top so I will take all the resistance I can get! And no support in sight! Fabulous! Thanks again.

Silat...
Silat, try to get MT4. You can organize all your charts as you like. I can help you. I use fxcm marketscope too in the real. Remember that on "Symbol" you can change the pairs that you want. Did you take that one? I took it but I had too many positions opened and when it went up during the night, I had a margin call, hehe! next time I open less positions. It is ok, there are more opportunities ahead.
Swing with the tide, Surf with the waves!
  • #2,610
  • Dec 31, 2012 3:42pm Dec 31, 2012 3:42pm
AUD-NZD, stop moved to breakeven locking around 30 pips. S&P 500 took it out with the stop.
Swing with the tide, Surf with the waves!
  • #2,611
  • Dec 31, 2012 3:55pm Dec 31, 2012 3:55pm
Im not going to post anymore!.. Wish you good look to all of you!.
Swing with the tide, Surf with the waves!
  • #2,612
  • Edited 7:08am Jan 1, 2013 6:28am | Edited 7:08am
Happy New Year to all and sundry, i cant wait to have my mentors back on this thread . Davit , Fx- Pro . wishing you all a double portion increase in your trades this year. currently in a 52 pips trade for USDJPY H1 ,50 pips + trade for audjpy H1 and 140 pips for gbpjpy H1 respectively since last year. thank you fx-pro and Davit for your enormous contribution to mankind in the field of Forex.

cheers
fx-light
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy h1 by fx-light happy new year trade.png Size: 45 KB
Click to Enlarge Name: gbpjpy h1 by fx-light happy new year trade.png Size: 55 KB
Click to Enlarge Name: audjpy h1 by fx light.png Size: 53 KB
i am the lord that giveth thee power to create wealth.
  • #2,613
  • Jan 2, 2013 6:20am Jan 2, 2013 6:20am
The same trades posted before:
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.png Size: 34 KB
Swing with the tide, Surf with the waves!
  • #2,614
  • Jan 2, 2013 8:10am Jan 2, 2013 8:10am
Hi there,

Happy new year dudes! GL with trading, hope we make lots more $$ with this Method!

Greetz
  • #2,615
  • Jan 2, 2013 9:20am Jan 2, 2013 9:20am
Hello FX-Pro,

I've not read all 175 or so pages of this thread, only the first few. Your system is clear top me. I was wondering if you are still trading this system with succes in the same form as you posted it in September?

What have been the results (approximately) in terms of win/lose and in pips since September?

Thanks!
  • #2,616
  • Jan 2, 2013 2:01pm Jan 2, 2013 2:01pm
Quoting FxRetro
Im not going to post anymore!.. Wish you good look to all of you!.
I enjoyed reading your trades.I saw lot of myself in them as well.
You are welcome to post on my journal anyway you like.I like variety of ideas.
Regards DAvit
In trading, you have to be defensive and aggressive at the same time
  • #2,617
  • Jan 2, 2013 2:48pm Jan 2, 2013 2:48pm
Quoting Silat50
RETRO,


I dont even get any of the pairs you posted. Never heard of TRY. Im in the US. I thought we would have access to everything anyone else does. Maybe not. Im with FXCM, the biggest Forex broker in the USA. I DONT GET IT. Hmmmmm...........
Hi Silat,

TRY is the Turkish lira and PLN is the Polish zloty. You can access both of those currencies on your FXCM platform by clicking on the Symbols button and selecting them as shown below.

http://img571.imageshack.us/img571/1...13january0.png


If you have anymore questions about our platforms, please feel free to ask me in our discussion thread.

Happy New Year!

Jason
  • #2,618
  • Jan 2, 2013 5:27pm Jan 2, 2013 5:27pm
Quoting Jason Rogers
Hi Silat,

TRY is the Turkish lira and PLN is the Polish zloty. You can access both of those currencies on your FXCM platform by clicking on the Symbols button and selecting them as shown below.

http://img571.imageshack.us/img571/1...13january0.png


If you have anymore questions about our platforms, please feel free to ask me in our discussion thread.

Happy New Year!

Jason
Thank you Jason! I thought all the symbols would be shown by default. However I see even on the default list,the unpopular symbols have super wide spreads and I never will get into anything with over 5 pip spread. But yes, Im a firm believer in FXCM. They do not hunt my stops, my execution is instant, and if its not I often get a better fill than what was showing....enough times to know you guys are just about the most honest straight forward brokers out there. I will be with FXCM for life as long as this continues.

However boys, I make sure I choose the ECN platform so FXCM has no advantage in going against me or taking me out. Dont get into their "lowest pips" program because IMHO youll never know if they are on your side or not. What is 1 or 1.5 pips anyway to know you are getting an honest fill. I see nationwide spreads are going down all over anyway as more and more brokers want to compete for the big money makers for them...the scalpers! Which we definitely are not, so 1 or 2 pips are meaningless to us.
  • #2,619
  • Jan 2, 2013 7:08pm Jan 2, 2013 7:08pm
Just before I closed all, looked like this!
Attached Image (click to enlarge)
Click to Enlarge Name: Trades 1.png Size: 36 KB
Swing with the tide, Surf with the waves!
  • #2,620
  • Jan 2, 2013 7:20pm Jan 2, 2013 7:20pm
Retro doesnt know how fortunate he is. We in the USA cant trade spot oil and copper like he does. I
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