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Simple Money Making Method

  • #2,681
  • Jan 10, 2013 5:53am Jan 10, 2013 5:53am
Hi guys. and i,m thanks of fx pro that shared her/his mehtod to us.

i have some question of guys that are using this method and read all posted .
i am so sorry if i cant write very well beacuse this is not my tongue .
i have seen all posts but i have some basic problem with this method so please please please if any body is pro with this method please help me.

1. when we get short.? ( the Law,s of entry )
2. when we get Long.? ( the Law,s of entry )
3. Ema 72 & 12 how should be that we get in.? ( crossing , should be up or down in buy and sell and.....)
4. please share the PAC indicator i don,t have it.
5. what is RN & BE and....
6. how many candle should be close that we enter.?
7. I need your help please help me fx pro , davit and other guys.

Best Regards
  • #2,682
  • Jan 10, 2013 6:13am Jan 10, 2013 6:13am
Anytime you can lock in +pips then that is a good trade. The 200 ema could be used as an overall take profit area. I see where it coincides with a previous swing high. Good job.
Quoting 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
  • #2,683
  • Jan 10, 2013 6:40am Jan 10, 2013 6:40am
@behrozfx

1. when price touches the 72 ema and closes under the 12 ema
2. when price touches the 72 ema and closes above the 12 ema
3. ema 12 has to be above the 72 ema for a buy and under for a sell. do not enter on the cross
4. pac indicator is made by adding the 8 ema applied to high and 8 ema applied to low
5. RN= Round Number, BE= break even
6. ideally 1 candle

You haven't really read the thread, otherwise you'd know all these
Dives est, cui tanta possessio est, ut nihil optet amplius
  • #2,684
  • Jan 10, 2013 7:20am Jan 10, 2013 7:20am
Quoting piprac
Anytime you can lock in +pips then that is a good trade. The 200 ema could be used as an overall take profit area. I see where it coincides with a previous swing high. Good job.
Thank you for your reply piprac, you are one of all member has many contribute to this thread. I hope you keep posting to this thread and make many pips

this is my entry long in GBP/USD, because i make same mistake to keep stop loss to tight in floating market, whereas the price still uptrend. lost 15 pips


need more patient and experience

feel free to criticsm and need more advice from all of you

Cheers,
Dbramedya
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  • #2,685
  • Jan 10, 2013 7:27am Jan 10, 2013 7:27am
entry again in GBP/USD

this is my entry because the price cross the 200Ema
what do you think? this is the right entry stick to Fx-Pro strategy?

Cheers
Dbramedya
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  • #2,686
  • Jan 10, 2013 7:38am Jan 10, 2013 7:38am
hello everyone

this is my entry long in XA/USD close my TP with +104pips .
and entry again at 1675.5, it's looks like strong uptrend


cheers
dbramedya
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  • #2,687
  • Jan 10, 2013 1:13pm Jan 10, 2013 1:13pm
looking back to earlier on my charts there were some good set-ups today, I'm gonna try and look for some for tomorrow although there appears to be truckload of news then
  • #2,688
  • Jan 11, 2013 2:25am Jan 11, 2013 2:25am
Setups on GBP/AUD and GBP/CHF
  • #2,689
  • Jan 11, 2013 3:20am Jan 11, 2013 3:20am
Quoting Brixton
Setups on GBP/AUD and GBP/CHF
Did you take them? What's your spread like for those pairs?
  • #2,690
  • Jan 11, 2013 3:25am Jan 11, 2013 3:25am
Quoting Chace
Did you take them? What's your spread like for those pairs?
Hi, on GBP/CHF was to big risk due to 55 pips of SL, on GBP/AUD I am 15 pips in profit...
JacekPreserve Precious Capital
  • #2,691
  • Jan 11, 2013 3:27am Jan 11, 2013 3:27am
Quoting Chace
Did you take them? What's your spread like for those pairs?
I took GBP/CHF - 6pip spread, 60 point SL.
  • #2,692
  • Jan 11, 2013 7:08am Jan 11, 2013 7:08am
GBP/CHF closed +61 pips
  • #2,693
  • Jan 11, 2013 7:12am Jan 11, 2013 7:12am
Quoting Brixton
GBP/CHF closed +61 pips
GBP/AUD @ BE :-(
JacekPreserve Precious Capital
  • #2,694
  • Jan 12, 2013 2:16am Jan 12, 2013 2:16am
Quoting trezx
@behrozfx

1. when price touches the 72 ema and closes under the 12 ema
2. when price touches the 72 ema and closes above the 12 ema
3. ema 12 has to be above the 72 ema for a buy and under for a sell. do not enter on the cross
4. pac indicator is made by adding the 8 ema applied to high and 8 ema applied to low
5. RN= Round Number, BE= break even
6. ideally 1 candle

You haven't really read the thread, otherwise you'd know all these
Trez,

Thaks for posting. But Ive read this thread up and down and why dint I see anything about the PAC indicator. What is that. To me they are just tighter bollinger bands. What does pac stand for?

Maybe I shouldnt ask, because Im doing pretty well with this system without knowing. -)

Also I have a big problem following rules 1 and 2. Why. After a kiss of the 72, price may not close over the 12 for 10 or more bars. I find if there arent more than 30 pips difference, I can take the trade anyway. The "official" rule of it having to take place within 1 or 2 bars doesnt seem to ever happen when Im online.
  • #2,695
  • Jan 12, 2013 2:37am Jan 12, 2013 2:37am
Quoting Silat50
Trez,

Thaks for posting. But Ive read this thread up and down and why dint I see anything about the PAC indicator. What is that. To me they are just tighter bollinger bands. What does pac stand for?
PAC stands for Price Action Channel. Just read post 1 (and follow the update link in that posting)!
  • #2,696
  • Edited 3:10am Jan 12, 2013 2:40am | Edited 3:10am
You missed post #954. PAC= price action channel. You are way off if you believe that's just a tighter bollinger, and you don't know what bollinger is used for.

One candle is ideal for the setup, whereas 2 or 3 are ok. I don't know how it looks like on your charts, but on mine, 3 out of 4 times it's always 1 candle. I've attached a screenshot (don't pay attention to the red and blue arrows, they're not buy and sell signals), plus a quote from post #954.

Quoting FX-Pro
Here is an initiative to take this method to the next level,

I took three weeks to test this on the historical data & it works really well, I request all the followers/members/visitors to demo this before entering with your live account (Including me) once when we get used to it we can for a live…

The current 12EMA will be replaced with 8 EMA High & Low, which will give a Price Action Channel

Price above the upper channel – Strong buy…
Price below the lower channel – Strong sell…
Price inside the channel – Ranging (No Trade)

Benefit;-

> Helps to read price action better,
> Gives better picture where the price will move next.
> Avoids ranging market (A most important aspect for trading)
> We have been trading only the trend, but this helps to trade counter as well (Still under testing)
> The number of trades may increase considerably (need to be careful you may get greedy)

Entries:

Trading away from the main trend (Trend Following entries)

1.Bounce trade – Single Bar Bounce from 72/200 EMA & Close below/above the PAC

2.Re-entry trade – Can be a bounce from any of the supply/demand zone / RN closing above/below the PAC

Trading towards the main trend (Counter trend) Under Testing & should be traded only on demo)

1.Should be a bounce from any of the strong supply/demand zone / RN closing above/below the PAC

Remember that we may not expect huge pips on counter trade but 1:1 should be a good RR

Again I would like to recall the Basic concept of SM3

http://www.forexfactory.com/showthre...21#post6016221

Looking forward for your valuable comments….
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Dives est, cui tanta possessio est, ut nihil optet amplius
  • #2,697
  • Jan 12, 2013 3:58am Jan 12, 2013 3:58am
So many posts since the original from fx-pro. What did strike me and prompt me to post was the similarity of this trading style to my own. Ironically I also have a fair amount of success on the aud/usd. I would only say that I look more for the Ross Hook123 as an indicator on entry and exit to add a little more surity to the trade and lower the risk. However that being said I am very much an intra-day trader and my entry and exits are on the 5min chart.
However it goes without saying that you look as far back as you need to validate the trend before looking at your entry and exits.

I remember when I first started trading and was reading a lot of info. At that point I was very successful despite not having lots of experience. However I read one article where some really successful trader (can't recall his name now - some of you will recall) said and I quote..." if you can't write your trading strategy on the back of a match box, it's probably too complicated..". Ironically, it was when I knew more rather than less that my trading started being less successful.
Finally I had to admit that I was trying to solve a puzzle. I was trying to find one fool proof strategy that would on balance of averages be very successful. Personally I don't believe that ever exists. I have gone back to keeping it really simple, establishing trends, trading with and not against the trend, utilising one or two key indcators like the ross hook for my entries and exits and it is so surprising how I have gone back to winning rahter than BE or losing.
Remember nothing replaces watching those charts, the more you watch the more you learn and dont ignore your instincts. The rest is money management and discipline.
Good luck and remember KISS.
  • #2,698
  • Jan 12, 2013 6:43am Jan 12, 2013 6:43am
Quoting Silat50
T
Also I have a big problem following rules 1 and 2. Why. After a kiss of the 72, price may not close over the 12 for 10 or more bars. I find if there arent more than 30 pips difference, I can take the trade anyway. The "official" rule of it having to take place within 1 or 2 bars doesnt seem to ever happen when Im online.

What hours are you trading? This method really works for the London/New York sessions.
  • #2,699
  • Jan 13, 2013 2:18am Jan 13, 2013 2:18am
Quoting trezx
You missed post #954. PAC= price action channel. You are way off if you believe that's just a tighter bollinger, and you don't know what bollinger is used for.

One candle is ideal for the setup, whereas 2 or 3 are ok. I don't know how it looks like on your charts, but on mine, 3 out of 4 times it's always 1 candle. I've attached a screenshot (don't pay attention to the red and blue arrows, they're not buy and sell signals), plus a quote from post #954.
trezx,
thanks for reminding of FX-Pro post #954.

I somehow missed it, and thus made fool of myself, misleading the other followers of the thread, stating we do not trade countertrend.
Most of all I feel need to apologize to FxRetro for my patronizing tone, when in fact he was right I was not.

This is as hard as to kick myself to my ass I would like to. The good news is we made a lot of profit lately following the method, it works even
only with ema72. ema12 strategy, or with the new improvements, anyways.

sincerely,
lietuve
  • #2,700
  • Jan 13, 2013 3:02am Jan 13, 2013 3:02am
Don't beat yourself up bro, we all make mistakes.

Any info on FX-Pro's whereabouts? His input was always appreciated.
Dives est, cui tanta possessio est, ut nihil optet amplius
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