Disliked{quote} To be honest, I do not think that is the case, at least for me. Regarding my above question "sell becasuse of A or B", actually it is not that important because let's say it is because of B (if it is A, my argument is still valid), the price touched 12740 six times before your entry and if you entered at the first four touches, you would be stopped out. So can anyone who knows how to enter give me a logical reason why you skipped the first four 12740 touches? Do not tell me the Asian session story, I can show you many trades Cate took last...Ignored
I'm not sure which four touches you exactly mean, but are sure that SL with 20 pips would be hit?
Even if yes - well, nobody said it's a method with 100% win ratio.
I think some of you don't understand how Cate ended every day with profit, right? No, it's not because he doesn't have losses - he has them too. It's because he manages his losing positions till the profit cover all the losses. To understand how he does it, you need to discover post #27 (http://www.forexfactory.com/showthread.php?p=7751973#post7751973) - it took me about 10 minutes to figure out by myself.
Cate, if I need to shut up, let me know - I will not say anything more ))
Just wanted to shed some light for those who are trying to understand..
Artem
Let's go with the flow