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Simple Money Making Method

  • #2,701
  • Jan 13, 2013 9:23pm Jan 13, 2013 9:23pm
Quoting trezx
Don't beat yourself up bro, we all make mistakes.

Any info on FX-Pro's whereabouts? His input was always appreciated.
Thanks, for understanding.
No, I don't know why FX-Pro keeps silence, but I hope he'll be back. Seeing how responsible he is, I think he is testing something, but
doesn't want to share whatever he is up to, until he is sure. It is not easy to find new ways, or improve old good ways. I have tried it
many times, but always failed. Don't know what it is in Forex - you can get only this far close to the perfect edge, if trying to improve it,
most probably you loose what you havd. Actually, I almost have idea what it is, but this is not the theme to talk about.

Lietuve
  • #2,702
  • Jan 14, 2013 1:12am Jan 14, 2013 1:12am
Quoting trezx
But it did touch the 50 ema didn't it?(saw you have it on your chart) I've taken this system and made it my own. Like switching from a 72 ema to a 55 since it's a fibonacci number; and I just love fibonnaci patterns.
using the 55 EMA
Trez,

I love your idea of using the 55. Maybe I will keep both on the chart and as long as it hits either one its ok. I was mentioning that I am doing so well with this system but I harly ever get a trade where price touches 72 and breaks thru 12 at the same time. so if the 72 is close by when price bounces off or breaks thru the 12ema after conolidation I take the trade. And I put a 20ema on there as my stop loss point. Maybe I will even go to the next higher or lower price pivot level for an exit and see how that works. Let us know how using the 55 works for you. I will track it too with you on my own pairs.

I DO LOVE THIS SYSTEM BECAUSE THERE ARE SO MANY WAYS TO MAKE THIS YOUR OWN!
  • #2,703
  • Edited 1:55am Jan 14, 2013 1:31am | Edited 1:55am
The 55 works great but i prefer having both on the same chart. Sometimes the 55 will give you a different setup than the 72 like the current one on aud/usd. I was late to the party but took it anyway
Attached Image
Dives est, cui tanta possessio est, ut nihil optet amplius
  • #2,704
  • Jan 14, 2013 1:46am Jan 14, 2013 1:46am
Quoting Brixton
What hours are you trading? This method really works for the London/New York sessions.

tHAT MIGHT PARTIALLY BE IT AS i START AT AROUND 7PM in the Asian session and am done by 3am if nothing is happening but I will stay till 4:30 or 5 if there are big moves going on. Lately though, that London box of 2-5AM est. that you could count on to have all the action of ther day until NY opens is not so cut and dried anymore. But yes, I almost always miss the NY open as I am just too tired. But thanks Brixton for reminding me.
  • #2,705
  • Jan 14, 2013 2:06am Jan 14, 2013 2:06am
I can see that this Strategy will make you money just by reading the first post. Trade it.

The idea of trading is to make money. Not creating a trading system or improve a trading system itself. People will use smaller MA periods to get more signal because of their lack of patience. They want more trading and try to use this and that to improve their "Own Perfect With No Lose System". People want more action. More winners. In the end, trust me, most of them will get burn in the same old hole.

Put on some discipline. Be patience. And follow the rules described by FX Pro on the first post to the letter. Accept the loser. Let your MM take care of that. See the signal, enter the trade and leave your computer. Go out and have some life. Make some real money. You are a trader not a system tweaker. You should focus your energy to make real money and spend it. Not on the system itself.

Most people in this FF should learn how to trade less. A lot less. That's why exactly there are so few succesful trader in this forum. The only thing that prevent you to make money with this strategy is yourself .

Fx PRo is not here because he is a real trader. He do not spend his time talking about trading or a trading system. He trade and have a life.
That's the way of a real trader.

I am not trying to be a party breaker here. You will come to realize and understand that what I am typing here is to save you from making the same old irresistible mistake inside your head. You should realize very soon if you do not make money with this system, the problem is in "you, with all the improvement idea inside your head", and never the system. Fix yourself. Put on some real trader attitude. Trade the first post.

Salute for FX PRo for sharing his gold. May God bless you.
  • #2,706
  • Jan 14, 2013 5:50am Jan 14, 2013 5:50am
Hi everyone, of interest is 1H USD/CAD bouncing off the 72EMA possibly entering the PAC. PA is ranging though so will wait for a PA signal and more strength.
  • #2,707
  • Jan 14, 2013 7:35am Jan 14, 2013 7:35am
Quoting Mechanic
I can see that this Strategy will make you money just by reading the first post. Trade it.
I am, but in my own way. If people were to follow another person's system to the letter, they'd still struggle to make money. Trading is not just about having an edge.

Quote
The idea of trading is to make money. Not creating a trading system or improve a trading system itself. People will use smaller MA periods to get more signal because of their lack of patience. They want more trading and try to use this and that to improve their "Own Perfect With No Lose System". People want more action. More winners. In the end, trust me, most of them will get burn in the same old hole.
I'm not trying to improve anything, and I believe that using smaller MA periods isn't directly related to lack of patience. But that might just be me.

Quote
Put on some discipline. Be patience.
The only thing that prevent you to make money with this strategy is yourself
Completely agree with this.

Quote
Fx PRo is not here because he is a real trader. He do not spend his time talking about trading or a trading system. He trade and have a life.
I think you're a bit condescending. From your statement I deduce that FX-Pro wasn't a trader when he started this thread, simply because he had time to talk about and teach this system. I believe everybody has a life, otherwise we'd all be 6 feet under.

Quote
I am not trying to be a party breaker here. You will come to realize and understand that what I am typing here is to save you from making the same old irresistible mistake inside your head. You should realize very soon if you do not make money with this system, the problem is in "you, with all the improvement idea inside your head", and never the system. Fix yourself. Put on some real trader attitude.
.
Perfectly said
Dives est, cui tanta possessio est, ut nihil optet amplius
  • #2,708
  • Jan 14, 2013 8:22am Jan 14, 2013 8:22am
I'll always stick to the 72ma and 8ma because they are the logical reasoning behind this method. 72 = 3 day average, 8 = 1 session average (be in London or New York).
  • #2,709
  • Jan 14, 2013 9:13am Jan 14, 2013 9:13am
Quoting pipsaurus
Hi everyone, of interest is 1H USD/CAD bouncing off the 72EMA possibly entering the PAC. PA is ranging though so will wait for a PA signal and more strength.
Watching also, but looks like it wants to push higher! I never trade counter trend so I will prob be leaving this one alone.
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  • #2,710
  • Edited 11:08am Jan 14, 2013 10:02am | Edited 11:08am
Quoting Brixton
Watching also, but looks like it wants to push higher! I never trade counter trend so I will prob be leaving this one alone.
It would be a nice trade it it comes down and closes above the EMA12, we have to be careful around the strong support ate 0.98270...

EDIT :

Valid setup for me...keeping an eye on the 0.98270 area.

http://i.imgur.com/ZTR2k.png
  • #2,711
  • Jan 14, 2013 11:26am Jan 14, 2013 11:26am
Quoting Nidolap
It would be a nice trade it it comes down and closes above the EMA12, we have to be careful around the strong support ate 0.98270...

EDIT :

Valid setup for me...keeping an eye on the 0.98270 area.

http://i.imgur.com/ZTR2k.png
Hi there,

I only take "pinbars" as valid set ups! The bar on 10 Januari is a valid one for me..So i dont take this one! But GL with this one..
Besides that it's a bit ranging market for a couple days and u dont have much room in my opinion!

Good luck!
  • #2,712
  • Jan 14, 2013 4:03pm Jan 14, 2013 4:03pm
Quoting Eastclintwoo
Hi there,

I only take "pinbars" as valid set ups! The bar on 10 Januari is a valid one for me..So i dont take this one! But GL with this one..
Besides that it's a bit ranging market for a couple days and u dont have much room in my opinion!

Good luck!
You're right, market as been raging a bit...tomorrow there are some heavy news that could make this move, not necessarily on my direction
  • #2,713
  • Jan 15, 2013 3:50am Jan 15, 2013 3:50am
Set-up forming on the g/u providing it closes below at 10am GMT
  • #2,714
  • Jan 15, 2013 4:00am Jan 15, 2013 4:00am
didn't close below the 12, oh well
  • #2,715
  • Jan 15, 2013 5:10am Jan 15, 2013 5:10am
I sold GBP/USD at 1.60621. someone else?? Thanks
  • #2,716
  • Jan 15, 2013 5:54am Jan 15, 2013 5:54am
Quoting vnperuzzi
I sold GBP/USD at 1.60621. someone else?? Thanks
Yes i sold it @ 1.60721, first Target 1.60221.. 1.6030 is also a resistance maybe put my 1st TP there..
And you?
  • #2,717
  • Jan 15, 2013 6:21am Jan 15, 2013 6:21am
I put on my tp 1.60275, 5 pips above the weekly trend line. What do you think? thank you
  • #2,718
  • Jan 15, 2013 6:53am Jan 15, 2013 6:53am
Nice nice, almost there
  • #2,719
  • Edited 7:38am Jan 15, 2013 7:28am | Edited 7:38am
Nice move! Not sure I would have taken that trade though. I like to play the markets that are in cleaner trends . G/U has recently broken above the 200 MA and then moved back down below it. It looks more sideways then trending at the moment to me.

Perhaps if G/U was hitting some major support or resistance zones I would consider a trade, but I can't see any right now

I see this method as a trend following one and for the best results I think messy and sideways markets should be avoided.


Below is the type of market I like to play.
Attached Image
  • #2,720
  • Jan 15, 2013 8:14am Jan 15, 2013 8:14am
someone has tried to use this method on daily charts?
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