Simple Money Making Method

where is Fx_pro Sir


Regards,
Ama_Candle

how come fx pro just dissapear like that....is he a real person???

sorry typo error....should read as disappear......

No one knows, maybe a moderator can send him an e-mail or something, check he's ok!

Finally! I got into this following the exact rules. Working out nicely. I have a sell stop order to add at 84832 which is one rick under the low of this base which means nothing with the rediculously low volume of the Asian session. I think all Eeur shorts are going to work if you got into them on a break or bounce of the 72 because what big players want to touch the EURO until the Cypress event really cools down. Im short 3 euro pairs and loving it!

Euro/NZD was golden on the 20th if you were around at 5pm or so as well. I was in 3 bars later as it went sideways after it triggered which means nothing in the asian session and down she came!

Anyone get into these JPY pair shorts that have been triggering? I just cant fight this huge daily/weekly trend!

POLL- TO FIND OUT WHO IS WINNING WITH THIS SYSTEM:

lets find out exactly what percentage of this systems users are profitable. I am not and I get closer and closer each week to taking exact trades under the systems exact rules, and my results are getting worse, the more I take away my own objectiveness,which shocks the hell out of me! Id like to put a poll up to make this easier but I dont think anyone but the moderator can do that, correct? If someone can do that, could you please add a poll to see who is profitable. EWven a simple yes or no is fine. So for now Im going tpo take my own poll right on the thread of who is in NET PROFIT. REASONS WHY ARENT IMPORTANT AT THE MOMENT. Just list next to your answer if it is a live acct or sim/paper account you got your result from. I cant believe that this system can go from 80% winners as our founder has had, to being a loser no matter how many bars late you get into the system. Its still should be a net profit system.

One thing I have noticed in the trades I take is that if by the second day in the trade if you are still not up by at least 30-40 pips, you almost always get stopped out. And many times I keep the stop right above the 70ema if the 12 is right by it. I will gladly take on 10-15 pips more risk to have the BIG M.A. as my resistance, rather than using the 12 as just a guidline. I mopve it after the 1st 24 hrs if price has gotten away from the 72 by over 40 pips. I find that the trades where you are leaving less than 20 pips leeway to your stop is almost always a waste of time and I used to take those trades because the r/r could be 10-1 or better so I thought they were net profitable in the end. THEY SHOULD BE BUT THEY ARE NOT! I THINK ITS THE SPREAD THAT EATS UP 10% OF THE "TRUE" NUMBER OF PIPS LEEWAY that is one of the factors. This could be the main reason 95% of us lose, not the big hedge funds and banks as we are all told. Remember the word "misdirection" John Travolta used in the movie Swordfish? There yuh go. Anyway......

I really feel the need to do this because Ive devoted months of my life to tracking this system in real time with real money and what I see and what actually happens make no sense. What I see is that as soon as the 72 EMA is broken on the hrly, it seems to almost ALWAYS continue going, and it seems that when it bounces off of it, its at least 50% to keep going in that direction as well. THE FIRST WAY SEEMS MUCH HIGHER % TO ME! Yet.......I am a loser in my acct. I cannot even hit 50% winners and its only the big runs of 90-200 pip runs that have kept me from really getting hurt bad. This system seems to maybe work 33% of the time "for me, and I will take a trade on any pair I see a setip. Whats messing my mind up is that I used to take the trade without any confirm in direction from the 60 min or daily or anything and thats when I did the best. When I only took trades with the daily trend, my win-loss ratio becxame worse. And when I tried to take trades with double the amount of lots if bith the weekly and the daily and also the 60min are all three going my way...I lose the most of all!!!! Im sure this is just temporary, but I need to find out if this system is a net winner regardless of what people use for confirmation. I may go back to just taking trades that "look good" with higher highs and lows on the 60 min chart or daily, and stop at that.

So....lets get started guys.

Poll:

LOSER-2 ACCTS. Both live and sim.

I have been running this live for 3 months.

Jan - Profit
Feb - Profit
March - Break even


I added my own rules to this system to help me.. You could call them rules, but perhaps they are more like processes.

1. Zoom out 1hr the chart and decide if the market is in a trend or not. If its not trending, then NO trade.
2. If the market is trending then start ploting significant support and resistance levels
3. Entry must be at or relatively close to one of these S/R levels that have been plotted
4. Always check the 4hr/daily charts for Major S/R leves and trends.

Now this will probably decrease the number of entries you get, so I increased the number of markets I analyse. I use this system on Forex, Stocks and Commodities. And so far i am making money.

Its just about hunting down those A GRADE setups and being patient!

An example of a chart that i would avoid! No clear trend = No pips

Nice trend! - S/R levels plotted! So now i look for entries that coincide with the rules at one of these S/R levels!

I tried it but must have been missing something as could not make it work for me

Hi all, what money management you using for this system?

Bullish bias on the USDJPY daily. what do u think?

simple methods. profitable. base on AU only dont play around with other pair..........H1 be sure...but dont forget check the trend first BUY or SELL. a lot of accurate trend indicator inside the FF. Happy trading

I gave up with this one, couldnt get it to work

I was casually going over old threads came upon your post.
Most great profitable traders have more then 1 system. When price is trending just about anything works including simple MA cross over,Chorus,Chaos,Break out etc.When price stalls and goes into range which is 70% of times in Forex then you must rejoice as seeing that as opportunity instead of "crap its not trending anymore"
One of effective method in range is double bollinger bands.Google Kathy Lien Bollinger bands set up and you are good to go or go to my journal and see modified version I am using.
Regards

Oh I agree totally, just saying I couldn't get this one to work for me in trending markets either.

I love this system. My question is that the 12 and 72 ems? What makes them so important? They don't seem to be fib nos. I have used this across the board for currencies especially for the gbpjpy.
Thanks!

Has anybody tried this system using 4H time frame? I love the system but it is difficult for me to trade on hourly charts as I'm at work through the day so I can't keep checking them. I'm guessing I'd miss a lot of opportunities if I stuck to 1H?

Here try this, but don't be greedy, just take the average trade as target take profit