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The Buy Low and Sell High System, the best way to make money

  • #201
  • Dec 1, 2014 2:12pm Dec 1, 2014 2:12pm
Quoting Carlton
{quote} Thanks skfx for elaborating on these points. Do you have any recommandation about some study, book, or website to learn more about point 2? Happy trading and Cheers to all, C
No see play, no play game

http://www.forexfactory.com/showthread.php?t=193795
  • #202
  • Dec 2, 2014 12:54am Dec 2, 2014 12:54am
Quoting Rcubic
{quote} No see play, no play game http://www.forexfactory.com/showthread.php?t=193795
Quoting skfx
{quote} There are plenty of sites that will give you all the information you need. Just Google anything foreign currency related and read away. Just approach spot fx with an understanding that it is PART of a greater system. If you trade it like it IS the system, you'll find it tough. All the best. Rgds
Thx guys
I am indeed also currently reading in skfx's thread as well.
Happy trading today!
  • #203
  • Dec 2, 2014 2:12am Dec 2, 2014 2:12am
Quoting Rcubic
{quote} No see play, no play game http://www.forexfactory.com/showthread.php?t=193795
lol...nice one Rc
Couldn't have said it better myself.
Rgds
  • #204
  • Dec 2, 2014 2:15am Dec 2, 2014 2:15am
Quoting Carlton
{quote} {quote} Thx guys I am indeed also currently reading in skfx's thread as well. Happy trading today!
No problem Carlton.
I was a bit vague in that thread on some things. But the base strategy in there is the exact same principle as in this thread.
Take those/these principles and then see what you can do further on the fringes to increase probability of trade. All i can say is that sometimes it's ok to work on the edges and other times you really want to stand clear.

Rgds
  • #205
  • Dec 2, 2014 6:17am Dec 2, 2014 6:17am
Quoting skfx
{quote} No problem Carlton. I was a bit vague in that thread on some things. But the base strategy in there is the exact same principle as in this thread. Take those/these principles and then see what you can do further on the fringes to increase probability of trade. All i can say is that sometimes it's ok to work on the edges and other times you really want to stand clear. Rgds
Thx for the tips
  • #206
  • Dec 2, 2014 8:07am Dec 2, 2014 8:07am
Let's see how these go.
AUD/CAD safe in green
GBP/AUD and CAD/JPY still BE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-12-02_2036.png Size: 24 KB
Click to Enlarge Name: 2014-12-02_2102.png Size: 16 KB
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #207
  • Dec 2, 2014 8:39am Dec 2, 2014 8:39am
All good and well.
AUD/CAD +20 still holding. Stop moved to BE.
CAD/JPY +18 closed.
GBP/AUD +7 still holding. Stop moved to BE.
Everything you can imagine, is real - Pablo Picasso
  • #208
  • Dec 2, 2014 1:38pm Dec 2, 2014 1:38pm
Could this have potential?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfm-h1-exness-ltd.png Size: 36 KB
  • #209
  • Dec 2, 2014 2:44pm Dec 2, 2014 2:44pm
Quoting tunera
That was quick! {image}
so this is an evidence that you are not looking on main trend direction...that was trade against trend...but i'm agree with that because i saw that on many charts..doesn't matter what trend is..simply sell high and buy low
  • #210
  • Dec 2, 2014 4:04pm Dec 2, 2014 4:04pm
https://www.mql5.com/en/charts/27107...oint-of?bind=1
I'm little bit confused from this chart. Should i sell in area 1 or 2? Yeah i know you tell me 1, but why not use area 2?
  • #211
  • Edited 1:58am Dec 3, 2014 12:44am | Edited 1:58am
Quoting Robie
https://www.mql5.com/en/charts/27107...oint-of?bind=1 I'm little bit confused from this chart. Should i sell in area 1 or 2? Yeah i know you tell me 1, but why not use area 2?
Quoting farix
Could this have potential? {image}
Yes, i have the same on my radar (eurusd instead of usdchf, same identical situation but mirrored).

We may very well be at a decent medium-term top/bottom, with 150-200 pips potential trade (target 1.26 for eurusd and 0.9525 for usdchf).

The thing is, don't expect to be particularly smooth*, we have draghi speak tomorrow and nfp on friday, and we are also in december (a month when really stupid huge moves do happen every year).
As for me, i would never buy usdchf now (or sell eurusd) at the current levels.

Edit:
* don't expect smooth, it mean be careful about exhaustion move that may (it may happen as it may not happen) happen.
  • #212
  • Dec 3, 2014 1:45am Dec 3, 2014 1:45am
Good morning @ all,

E/U looks good today, will try to enter within turquoise-rectangle. A bunch of news today...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 24 KB


Switching down to m15, we can see confluence of m15-tp (golden label) with the projected entry from hourly...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 25 KB


Regards

Chriss
  • #213
  • Dec 3, 2014 2:20am Dec 3, 2014 2:20am
Here we are, the eur have just broken the previous lows of the year, this is very interesting.
  • #214
  • Dec 3, 2014 2:31am Dec 3, 2014 2:31am
Tunera,

That is very interesting. I am on the side for now with this pair. Nothing is ever 100% of
what is seems in this business.

_____________________________
  • #215
  • Dec 3, 2014 2:35am Dec 3, 2014 2:35am
Quoting tunera
** Important ** : Well, if you have read carefully and have understood deeply the first post, you have also understood why the best way to make money is by sticking to the main basic truth of make money in trading, and this truth is Buy Low, Sell High. Your mind love complicated things, that is the only purpose of mind, to solve tricks and problems. However, to make money is simple, and every time you make trading a complicated thing (with all the stuffs wrote in the first post) making money become complicated! So don't listen your mind, don't listen...
There are something logic here! Good analysis
Thanks
  • #216
  • Edited 6:14am Dec 3, 2014 3:19am | Edited 6:14am
To sum up, eur just reached the previous lows of the year, a nice exhaustion move on the past few hours happened already (is it finished already? don't know).

We don't know for how long the people will continue to sell at these low levels, and we don't know yet if these levels are attractive enough for our buy low traders to start buying, but i guess this is the right time to keep our eyes opened, and make our stuffs.

Take care!

**update:
For those considering to buy low the eurusd, keep in mind that the trend is down and this kind of bottom-picking trades are the most riskious kind of trades that can ever been attempted!
So, do it at your own risk.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 47 KB
  • #217
  • Edited 9:15am Dec 3, 2014 8:36am | Edited 9:15am
..Still going down, i'm not sure if it is legitimately going to the hell (maybe straight to 1.20 and below) or if there are simply too many "emotional" sellers now (the ones that sell low).

One thing is sure, big buyers are still watching but not entering yet.

So.. time to wait with them.

Edit:
I'm about to surrender this trade idea, this eur is an ever falling knife, the market is in banana mode.
Good luck everybody
  • #218
  • Dec 3, 2014 9:16am Dec 3, 2014 9:16am
Quoting tunera
..Still going down, i'm not sure if it is legitimately going to the hell (maybe straight to 1.20 and below) or if there are simply too many "emotional" sellers now (the ones that sell low). One thing is sure, big buyers are still watching but not entering yet. So.. time to wait with them.

True. Got some small loss today with e/u... part of the game...

Looks like it want to take out directly 2287, hourly tp...
  • #219
  • Dec 3, 2014 9:29am Dec 3, 2014 9:29am
I catched some nice moves today, but we will see how that finish. I'm trading tunera's idea with my MM. I'm opening 4 contracts and closing on 10, 20, high/low, 222 pips After reaching second target move sl on be. I'm not opening everything in one moment, but slowly with one contract like i see it from tunera's pictures. Then i can get better average price imo.
  • #220
  • Dec 3, 2014 9:48am Dec 3, 2014 9:48am
Nothing haven't worked today... maybe this: ?
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpym-m30-exness-ltd.png Size: 33 KB
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