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

  • #201
  • Sep 25, 2014 6:41am Sep 25, 2014 6:41am
i'm preparing the "history repeat it self" thingy. i'll update in a meanwhile
  • #202
  • Sep 25, 2014 6:44am Sep 25, 2014 6:44am
Attached Image
Hello Cate, the ej trade is a sell at 139.15 and a tp of just 10pips. So now I am totally confused. I thought the relieved rules where the 00, 20, 40, 60, 80 Levels and a TP of 20 pips. This is different. Or maybe my chart differ?
  • #203
  • Sep 25, 2014 6:52am Sep 25, 2014 6:52am
Quoting kdta
Hello Cate, the ej trade is a sell at 139.15 and a tp of just 10pips. So now I am totally confused
oh yeah, when i look at my terminal, i'm sorry about this. maybe i moved the pending order while scrolling the chart. not 10 pips, 15 pips.

i'm so sorry about this. it should be 20 pip
  • #204
  • Sep 25, 2014 6:55am Sep 25, 2014 6:55am
Quoting kdta
{image}Hello Cate, the ej trade is a sell at 139.15 and a tp of just 10pips. So now I am totally confused
It's a sell at 139.200 and TP at 139.000, but, perhaps, because of slippage it could be executed at a bit different price. (UPD: Cate explained why while I was typing).

Don't be confused with levels: it's been told many times - only *.20, 40, 60, 80 and 00 levels. Nothing else.

Artem
Let's go with the flow
  • #205
  • Sep 25, 2014 6:56am Sep 25, 2014 6:56am
i'm gonna spill this one for everybody here.

i assume everyone have the sweetspot indicator yes?

put it in your chart, change the sub level to 20.

these are the level i trade. i only trade these level.

now, before i decide to trade a certain level, i will check the history first. as i said. history repeat itself.

now, observe your chart. is there any certain way we can assume that the level is safe to trade?
  • #206
  • Sep 25, 2014 7:08am Sep 25, 2014 7:08am
When looking currently at eu H1, I can not see history repeating. Maybe I have to look a longer time back in history? I guess the point is to define correctly what "history" in terms of bars in the past mean?!
  • #207
  • Sep 25, 2014 7:08am Sep 25, 2014 7:08am
Quoting catextract89
this is ej trade for today. sorry for the late posting {image}
at 139.600 and 139.400 cant i sell at Eu todays trade catex
  • #208
  • Edited 7:21am Sep 25, 2014 7:11am | Edited 7:21am
Quoting kdta
When looking currently at eu H1, I can not see history repeating. Maybe I have to look a longer time back in history? I guess the point is to define correctly what "history" in terms of bars in the past mean?!
As long as you need

UPD: I will give you a little clue.
At some pictures Cate showed us a chart from July 2013 and asked to find the similarity. Another time that was yerterday's chart. And sometimes that was just one chart.
Think about it..

UPD2: Take a look at post # 201 (http://www.forexfactory.com/showthread.php?p=7761724#post7761724).
And the answer why Cate took that trade is at the picture below:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 78 KB


Artem
Let's go with the flow
  • #209
  • Sep 25, 2014 7:20am Sep 25, 2014 7:20am
hi artem, yes I thought about it already. But I found no way which is quick enough to make that kind of longer backview to search/ and find this same situation. I mean a way that is practicable.
  • #210
  • Sep 25, 2014 7:26am Sep 25, 2014 7:26am
Obviously at that level the price once went thru a took the 20 pips before bouncing and fighting a bit with that level. Then came the second "try" and it went again thru the 20 level and took 20 pips...
  • #211
  • Sep 25, 2014 7:36am Sep 25, 2014 7:36am
Could this be the trigger?
Attached Image
  • #212
  • Sep 25, 2014 8:01am Sep 25, 2014 8:01am
Quoting shiva
Could this be the trigger? {image}
Easier.

Artem
Let's go with the flow
  • #213
  • Sep 25, 2014 8:04am Sep 25, 2014 8:04am
Quoting artem_t
{quote} Easier. Artem
I think I am about there now - DOJI!
  • #214
  • Sep 25, 2014 8:05am Sep 25, 2014 8:05am
Quoting shiva
{quote} I think I am about there now - DOJI!
No

Artem
Let's go with the flow
  • #215
  • Sep 25, 2014 8:07am Sep 25, 2014 8:07am
Quoting artem_t
{quote} No Artem
Is it done with magnets ?
  • #216
  • Sep 25, 2014 8:08am Sep 25, 2014 8:08am
Quoting Mister Dave
{quote} Is it done with magnets ?
  • #217
  • Sep 25, 2014 8:15am Sep 25, 2014 8:15am
Quoting artem_t
{quote} As long as you need UPD: I will give you a little clue. At some pictures Cate showed us a chart from July 2013 and asked to find the similarity. Another time that was yerterday's chart. And sometimes that was just one chart. Think about it.. UPD2: Take a look at post # 201 (http://www.forexfactory.com/showthread.php?p=7761724#post7761724). And the answer why Cate took that trade is at the picture below: {image} Artem
There are of the same bearish momentum bar? previously the 139.200 was broke with a bearish momentum bar, history tend to repeat itself. price went up and went down to test that level. Assuming there will be another break at that particular level?
  • #218
  • Sep 25, 2014 8:15am Sep 25, 2014 8:15am
hi all,

once the important level is broken we place an order at that level and wait for the price to return...that's how Cat placed his EUR/JPY and EUR/USD orders...at times price may not return due to huge momentum??Am I right Artem??

Regards
  • #219
  • Sep 25, 2014 8:19am Sep 25, 2014 8:19am
To everyone who is waiting for my PMs: I exceeded my daily limit and can't send any message today. So, sorry - will reply tomorrow.

Quoting Mister Dave
{quote} Is it done with magnets ?



Quoting shiva
Could this be the trigger? {image}
Shiva, you have the answer right at your picture.

Artem
Let's go with the flow
  • #220
  • Sep 25, 2014 8:22am Sep 25, 2014 8:22am
No worries @Artem..

will wait for u to elaborate before I jump in to trade...

Regards

Dennis
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