Simple Money Making Method - MT4/MT5 Resources

Hey guys....

I have been trading this method for almost two years...win rate is over 80%...

Here are the gems I learned from different forums/threads... using almost every indicator available... tried every possible combination...

Finally ended up with price action, supply and demand and trends... that was enough to make a lot of money from this business...and I was a witness to it.

The goal of this thread…

Help newbies and learn from the experts.

Who can trade this?

This method is suitable for those who have daily jobs...

What am I trading?

Using this system, I currently only trade AUD/USD... However, if you would like to trade different currency pairs and post your results here, you are welcome

Time range...

1H

Indicators I use

• Ping Jian Lu - Initially when I started I used this, but I have stopped using it now... As I see, candlestick patterns are enough to enter/exit trades...
• 72 EMA Close – Three Day Average Trend (24*3)
• 12 EMA off – average trend for the day (1*12)
• Supply/Demand – place support/resistance when you see them • Rounds – Physiological levels are market sentiment/key levels to watch

entry:-

•Look for rejection of 72 EMA •Enter after closing above/below 12 EMA •Entry candlestick should be a single bar rejecting 72 EMA with close below/above 12EMA and should be Pinbar, Marubozu, Engulfing Pattern...etc.

Exit: - It is up to the trader to decide based on his/her risk, I personally would close the position when the price closes below/above the 12 EMA or there is a reversal or support/resistance etc...

Stop loss; - high or low/above or below 72 EMA.

A picture is worth a thousand words…

for you...

Please click on the link below for the latest updates on this method

http://www.forexfactory.com/showthre...31#post6067831