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Simple Money Making Method

  • #2,661
  • Jan 8, 2013 9:51am Jan 8, 2013 9:51am
Been following thread since it was opened, I demoed for a while and used the original settings of the originator 200, 72 and 12. My results were very good indeed. I took 2 trades today a long on the Au/us for only a small 4 pip profit, didn't like the resistance at the 1.5010 area, so got out quick and took a short on the Gb/us for 18 pips profit. I wait until a candle bounces off the 72 and stops above the 12. No nearly's or maybe's, it has to bounce off the 72 and stop above the 12. only then will I pull the trigger. This is a great strategy congrats to the originator. Stick with it guys, don't muck about with it. It is one of those rare winning strategies.
respect to all
Tom
  • #2,662
  • Jan 8, 2013 10:34am Jan 8, 2013 10:34am
Thanks for the reminder Tom, I really needed this. This 1H and another D TF strategy are the only two I follow now, and your post sums up what I need to do to be profitable. Thanks again, piprac
p.s. - I have even printed your post and have next to the monitor.
Quoting booktimes
Been following thread since it was opened, I demoed for a while and used the original settings of the originator 200, 72 and 12. My results were very good indeed. I took 2 trades today a long on the Au/us for only a small 4 pip profit, didn't like the resistance at the 1.5010 area, so got out quick and took a short on the Gb/us for 18 pips profit. I wait until a candle bounces off the 72 and stops above the 12. No nearly's or maybe's, it has to bounce off the 72 and stop above the 12. only then will I pull the trigger. This is a great strategy congrats...
  • #2,663
  • Jan 8, 2013 10:59am Jan 8, 2013 10:59am
Quoting piprac
Thanks for the reminder Tom, I really needed this. This 1H and another D TF strategy are the only two I follow now, and your post sums up what I need to do to be profitable. Thanks again, piprac
p.s. - I have even printed your post and have next to the monitor.
What is the D TF ?
  • #2,664
  • Jan 8, 2013 11:11am Jan 8, 2013 11:11am
Quoting kashTrader
What is the D TF ?
Daily Time Frame
  • #2,665
  • Edited 11:48am Jan 8, 2013 11:37am | Edited 11:48am
Quoting piprac
Daily Time Frame
Haha I did get that. What I meant to ask was whether you follow the same 12ema and 72 ema rule with the DTF as well. Or is there another strategy that is more suitable to the higher time frame.
  • #2,666
  • Jan 8, 2013 12:46pm Jan 8, 2013 12:46pm
My D strategy is completely different and not appropriate to discuss on this thread. I have more of a bias towards the 1H anyway so I follow this thread although today I'm not doing well with either; I'm used to giving profit back but still don't like it. p.
Quoting kashTrader
Haha I did get that. What I meant to ask was whether you follow the same 12ema and 72 ema rule with the DTF as well. Or is there another strategy that is more suitable to the higher time frame.
  • #2,667
  • Jan 8, 2013 1:18pm Jan 8, 2013 1:18pm
No Problem Piprac, we always want to change things, its human nature, when i enter a trade, I immediately put my limit and stop on, in conjunction with support and resistance, then i leave it, to date i have had very few losses, this strategy is very very good if adhered to the rules.
respect to you my friend
Tom
  • #2,668
  • Jan 8, 2013 1:35pm Jan 8, 2013 1:35pm
Quoting piprac
My D strategy is completely different and not appropriate to discuss on this thread. I have more of a bias towards the 1H anyway so I follow this thread although today I'm not doing well with either; I'm used to giving profit back but still don't like it. p.


Is there any place where the D TF strategy is discussed? Perhaps in another thread.
  • #2,669
  • Jan 8, 2013 2:05pm Jan 8, 2013 2:05pm
I sent a pm to you.
Quoting kashTrader
Is there any place where the D TF strategy is discussed? Perhaps in another thread.
  • #2,670
  • Jan 9, 2013 10:35am Jan 9, 2013 10:35am
Nice win last night on this one..
Attached Image
  • #2,671
  • Edited 1:44pm Jan 9, 2013 10:42am | Edited 1:44pm
Entered this trade a little while ago. Still not moving either way so I'm in 'wait' mode.


**Update: I closed this one out at -7. I've been a little distracted and didn't see the double-top here at this resistance. It's hiding in plain sight :-)
Attached Image
  • #2,672
  • Jan 9, 2013 11:26am Jan 9, 2013 11:26am
With all of the "red flags" on tomorrow's calendar plus a possible rate change by the ECB I am going to sit it out until later tomorrow morning - lots of sideways non-action going on now. Just an opinion of course, I may never be an expert regarding forex. p.
  • #2,673
  • Jan 9, 2013 12:47pm Jan 9, 2013 12:47pm
Congratulations to the winners!

It's nice to see, that even in Fx-Pro absence we hold the discipline and gain our rewards by following
this wonderfully simple money making method.
  • #2,674
  • Jan 9, 2013 12:56pm Jan 9, 2013 12:56pm
lovely simple system .thanks for the insite. i will follow your progress on this thread.
john
  • #2,675
  • Jan 9, 2013 4:32pm Jan 9, 2013 4:32pm
Quoting booktimes
Been following thread since it was opened, I demoed for a while and used the original settings of the originator 200, 72 and 12. My results were very good indeed. I took 2 trades today a long on the Au/us for only a small 4 pip profit, didn't like the resistance at the 1.5010 area, so got out quick and took a short on the Gb/us for 18 pips profit. I wait until a candle bounces off the 72 and stops above the 12. No nearly's or maybe's, it has to bounce off the 72 and stop above the 12. only then will I pull the trigger. This is a great strategy congrats...
Hi Tom

Yes I love simple style entries, with such a clear cut rule do you trade additional pairs to compensate for any lack of opportunities on the A/U? I know it can only take a couple of trades a week to make a living but I just wondered.

I always want to know if a strategy can be used on other pairs, I guess it is because I think more opportunities are better than less, providing they are genuine setups.
  • #2,676
  • Jan 10, 2013 6:09am Jan 10, 2013 6:09am
Hello Everyone, I'm new in this bussiness.
but i just finish read all your post form first until this page.
miss fx-pro, Davit, and all of you

this is my entry, close with 72Ema but i think it below 200Ema not very good for entry long

btw, move my stop loss to BE (+30 pips)

feel free to criticism me, need all of your advice

hope all of you get +++ pips

i'm sorry my english is not very good

cheers.
dbramedya
Attached Image (click to enlarge)
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  • #2,677
  • Jan 10, 2013 6:26am Jan 10, 2013 6:26am
hello everyone, this is my second post in FF and this thread too.
looks like GBP/USD in same direction with EUR/USD or actually follow EUR/USD direction, CMIIW

hope will +++ pips in my demo account

but in 1 hours Unemployment Claims news will be release,
it is good to take entry during this time?

sorry my English is not very good.

feel free to criticism me, need all of your advice

Cheers.
Dbramedya
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 83 KB
  • #2,678
  • Jan 10, 2013 7:00am Jan 10, 2013 7:00am
Quoting dbramedya
hello everyone, this is my second post in FF and this thread too.
looks like GBP/USD in same direction with EUR/USD or actually follow EUR/USD direction, CMIIW

hope will +++ pips in my demo account

but in 1 hours Unemployment Claims news will be release,
it is good to take entry during this time?

sorry my English is not very good.

feel free to criticism me, need all of your advice

Cheers.
Dbramedya
Can you please explain why you bought? I can't understand how you applied to strategy from this thread in your trade?
  • #2,679
  • Jan 10, 2013 7:27am Jan 10, 2013 7:27am
Quoting kashTrader
Can you please explain why you bought? I can't understand how you applied to strategy from this thread in your trade?
from fx-pro "
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
"

actually i took buy because the 72Ema cross the PA, but i think it wrong entry because i take entry long below 200Ema, what do you think kashTrader?
thank you for your reply

cheers,
Dbramedya
  • #2,680
  • Jan 10, 2013 7:33am Jan 10, 2013 7:33am
Quoting dbramedya
Hello Everyone, I'm new in this bussiness.
but i just finish read all your post form first until this page.
miss fx-pro, Davit, and all of you

this is my entry, close with 72Ema but i think it below 200Ema not very good for entry long

btw, move my stop loss to BE (+30 pips)

feel free to criticism me, need all of your advice

hope all of you get +++ pips

i'm sorry my english is not very good

cheers.
dbramedya
close with +31 Pips , touch my stoploss. my mistake because use very tight stop loss.
the price still bullish now.

can somebody tell, this is stick to this strategy or not?

Cheers
Dbramedya
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