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Attachments: my system of 20 pips
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my system of 20 pips

  • #121
  • Sep 24, 2014 10:45am Sep 24, 2014 10:45am
Quoting fxtrain
{quote} I am not at my computer. What I see is that he buys and sell at the same level, maybe s/r or something. And price approach it with steam, he enters. And once pa reverse to that level with force, he reverses his orders
Check my post 69 (http://www.forexfactory.com/showthread.php?p=7754140#post7754140)..
The levels he trades are clear to me: it's a grid of 20 pips (*.*00, *.*20, *.*40, etc.).
But I still don't understand what the trigger exactly is.

Artem
Let's go with the flow
  • #122
  • Sep 24, 2014 10:46am Sep 24, 2014 10:46am
Quoting artem_t
{quote} I see that the levels of entry and TP have been tested previously (arrows on my screenshot). Nothing interesting else.. {image} {quote} Is the chart on the second picture from July 2013? Artem

What about time?? Has nothing to do..... ??
  • #123
  • Sep 24, 2014 10:54am Sep 24, 2014 10:54am
Quoting artem_t
{quote} Check my post 69 (http://www.forexfactory.com/showthread.php?p=7754140#post7754140).. The levels he trades are clear to me: it's a grid of 20 pips (*.*00, *.*20, *.*40, etc.). But I still don't understand what the trigger exactly is. Artem
Maybe bullish or bearish candles prior to entries. Or maybe he picks 00, 10,20,30,40,50, etc ..closes to s/r and enters there
  • #124
  • Sep 24, 2014 10:59am Sep 24, 2014 10:59am
Candles leading to entries need to be big to achieve 20 pips
  • #125
  • Sep 24, 2014 11:15am Sep 24, 2014 11:15am
Quoting fxtrain
{quote} Maybe bullish or bearish candles prior to entries. Or maybe he picks 00, 10,20,30,40,50, etc ..closes to s/r and enters there
*.*10, 30, 50, 70, 90 levels - no. I didn't see any trades at these levels.

But, I am sure those levels can be traded too - it doesn't really matter. Cate just chose what suits him and trades it with 20 pips TP. Same method can be applied to another levels with another TP (say, 10 or 5 pips), imo.
Still have to figure out his trigger or to wait until he shows it - whatever comes first

Best regards,
Artem
Let's go with the flow
  • #126
  • Sep 24, 2014 11:19am Sep 24, 2014 11:19am
Quoting panosmgr
{quote} What about time?? Has nothing to do..... ??
Maybe, maybe..

Artem
Let's go with the flow
  • #127
  • Sep 24, 2014 11:20am Sep 24, 2014 11:20am
I think his trigger is at s/r with momentum and volatility
  • #128
  • Sep 24, 2014 11:27am Sep 24, 2014 11:27am
Quoting fxtrain
I think his trigger is at s/r with momentum and volatility
Great. But how to formalize it? ))
It's simple to say, but not easy to make it a rule.

Ok, we have enough charts and examples by now. Whether we will find the answer or it will be shown to us - all good )
Anyway, it's a good drill for brain

Wish everyone to have a nice evening (or any other time of the day)!

Artem
Let's go with the flow
  • #129
  • Sep 24, 2014 11:34am Sep 24, 2014 11:34am
How about levels 20,40,60,80 past s/r with big candles and volatility. And trade only during London and NY sessions. Just my input!
  • #130
  • Sep 24, 2014 11:40am Sep 24, 2014 11:40am
getting soon
  • #131
  • Sep 24, 2014 11:43am Sep 24, 2014 11:43am
fxtrain ua right
  • #132
  • Sep 24, 2014 12:21pm Sep 24, 2014 12:21pm
I thought I had your entries worked out, but after looking again i'm obviously wrong.

It does look to be some kind of a breakout though
  • #133
  • Sep 24, 2014 12:56pm Sep 24, 2014 12:56pm
Quoting catextract89
{quote} dude, sorry to disappoint you, I'm a guy...
Damn! This means I can't charm you into spillin the beanz!
  • #134
  • Sep 24, 2014 6:25pm Sep 24, 2014 6:25pm
Catextra89 is a genius. i wonder why some people are just rude at him. so one discovers a treasure and willingly wanted to express, some people are angry at him. I am so grateful at his little effort to communicate his findings, he obviously wanted each person to discover the loophole themselves so that if it fails in the long run the blame will not be upon him alone.
I studied all all his charts a whole night and came up with the following clues
1. he trades trend reversals
2. confirms that the trend has reversed when at least two candles are making higher lows and higher highs vice versa.
3. determines the entry spot when price has crossed the major immediate resistance or support
i am not sure he draws any lines or ever uses the informer indicator he shared but he appears to be a rule breaker or rather i just guess.
going forward, i back tested this strategy i find out that it is nice, however guys there are losses and i am sure Master Catextra did tell us his system immunes us from losses. may be he can give us hint on how he filters out losing trades.
BE POSITIVE MATES this might be the greatest thread in FF stay tunes for Jesus is Lord
  • #135
  • Sep 24, 2014 7:50pm Sep 24, 2014 7:50pm
Quoting borgu
Catextra89 is a genius. i wonder why some people are just rude at him. so one discovers a treasure and willingly wanted to express, some people are angry at him. I am so grateful at his little effort to communicate his findings, he obviously wanted each person to discover the loophole themselves so that if it fails in the long run the blame will not be upon him alone. I studied all all his charts a whole night and came up with the following clues 1. he trades trend reversals 2. confirms that the trend has reversed when at least two candles are making...
dude. i did not say immune from losses, there will be losses, but the winner will cover the losses and you will endup with positive balance.

anyhow, thanks for the kind word, it did cheer me up a bit.

positive attitude always,
  • #136
  • Sep 24, 2014 8:01pm Sep 24, 2014 8:01pm
Quoting fxtrain
{quote} I am not at my computer. What I see is that he buys and sell at the same level, maybe s/r or something. And price approach it with steam, he enters. And once pa reverse to that level with force, he reverses his orders {image}
hmm, you are getting there, now have a look. with your statement, is there any similarities?
Attached Image
  • #137
  • Sep 24, 2014 9:08pm Sep 24, 2014 9:08pm
Buying and selling at the same level after the momentum candle is part of it...was checking the charts and realized that he also uses maybe the 20 levels and something else to let go of some of the trades as quite a number of them don't work out...that's just what I have observed...maybe wrong so yeah.

Regards
  • #138
  • Sep 24, 2014 9:24pm Sep 24, 2014 9:24pm
Quoting dennis4u15
Buying and selling at the same level after the momentum candle is part of it...was checking the charts and realized that he also uses maybe the 20 levels and something else to let go of some of the trades as quite a number of them don't work out...that's just what I have observed...maybe wrong so yeah. Regards
good observation man. very well done.

i'm so sorry i forgot to mention the chart is EJ.

about the .20 lvl, arthem_t already figured out that part. he almost figure out the system, but what lack now is the trigger.

why that particular .20 lvl? why not the previous one?

remember post #93 ? i put two picture side by side to show some similarities within the market. but in post #138 it happen in the same picture.

have a look at it. it will come to you sooner or later.

positive attitude always.
  • #139
  • Sep 24, 2014 9:25pm Sep 24, 2014 9:25pm
the above EUR/JPY trade(buy and sell) was taken near a support and resistance level...support broken by a big enough candle after asia session(sell trade was taken)...that was to be turned into resistance when price came back but was broken by another big candle and then the buy trade was taken..both for 20 pips profit...that's what I see...there are more input needed to know wen not to take trades as I observed that this does not always work...at times after a big candle the momentum is lost price turns on u...hope to get more tips by catextract89.

Regards
  • #140
  • Sep 24, 2014 9:39pm Sep 24, 2014 9:39pm
Quoting artem_t
{quote} Never ever My assumption is at the picture below: {image} Have a nice play! See you. Artem
artem_t this assumption is way off. candle pattern is just a tiny part of the system. this is your experience at play. as someone with forex knowledge, you will apply your knowledge. this is a good drill for the brain.

how i decide to trade a particular level is much simpler.

history repeat itself.
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