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

  • #221
  • Sep 25, 2014 8:27am Sep 25, 2014 8:27am
Quoting dennis4u15
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
No - this is one of my trading techniques, but it has nothing to do with Cate's method.
As it's been said - we trade only breakouts, not bounces. So we don't wait for the level to be broken.
We decide whether to place a sell stop or buy stop order at the level or not. And history should tell us is it a good level to trade or not. But how does it tell?

Well, I suggest you to take a look at post #219 (http://www.forexfactory.com/showthread.php?p=7761987#post7761987) by Jordancee91...

UPD: Guys (and girls). Since now I think I'd better keep a silence here, because it's not my thread and I have already said more than I had to..
When Cate returns, he will answer to you.

Cheers,

Artem
Let's go with the flow
  • #222
  • Sep 25, 2014 8:30am Sep 25, 2014 8:30am
learn more of sweetspot indicator in this link http://forex-indicators.net/support-resistance/sweet-spots
Attached File(s)
File Type: mq4 SweetSpots.mq4   4 KB | 546 downloads
  • #223
  • Sep 25, 2014 8:37am Sep 25, 2014 8:37am
Is it a case of marking out all the 20 point levels and identifying previous support/ resistance at those levels, and entering on a break of those.
So if there was a reversal on the chart attached, historic areas are identified to watch and trade on
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #224
  • Sep 25, 2014 8:40am Sep 25, 2014 8:40am
Cate! Do you think it's a good idea to use trailing EA? Like BE once it gets to 10, and trail by 10 pips?
  • #225
  • Sep 25, 2014 8:47am Sep 25, 2014 8:47am
Quoting catextract89
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?
Thank you for this hint. may be you will still help us with the history repeat it self things. and how you determine your entry points.
  • #226
  • Sep 25, 2014 8:53am Sep 25, 2014 8:53am
Another trade example maybe?

EJ sell at 138.80 to 13860 tp

just like 15 sept drop from 80 to 60.
  • #227
  • Sep 25, 2014 9:18am Sep 25, 2014 9:18am
guys so sorry, i fall asleep just now. i'll be looking at your discussion now.
  • #228
  • Sep 25, 2014 9:21am Sep 25, 2014 9:21am
Quoting sgaughan
Is it a case of marking out all the 20 point levels and identifying previous support/ resistance at those levels, and entering on a break of those. So if there was a reversal on the chart attached, historic areas are identified to watch and trade on {image}
you are almost there. keep it up
  • #229
  • Sep 25, 2014 9:25am Sep 25, 2014 9:25am
Quoting fxtrain
Cate! Do you think it's a good idea to use trailing EA? Like BE once it gets to 10, and trail by 10 pips?
oh ya, i forgot about you. i'm so sorry man,

guys here is another person who has figured out my system. this show that hard work do pay off. congratulation.

to answer your question. no.

remember what i told you? this is just the entry. after the entry are define, and if the position go straight to SL, we will learn how to manage a losing position and having a positive balance nevertheless.
  • #230
  • Sep 25, 2014 9:28am Sep 25, 2014 9:28am
for PM please wait a while. i will reply to you one by one.

i didn't know that that i get so much positive people responding with my thread. i'm so happy.
  • #231
  • Edited 10:23am Sep 25, 2014 9:33am | Edited 10:23am
We have to see if the level is significant by looking to the left...its more like anticipating if a
level will be broken again like in the past trades r placed at 20s level...think dats y Cat

says history repeats itself...not a bounce trade but a breakout as stated by artem....if it was broken>then chances are it will do the same..so we have to see the momentum of the candle approaching the
level.
  • #232
  • Sep 25, 2014 9:37am Sep 25, 2014 9:37am
Quoting artem_t
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. {quote} {quote} Shiva, you have the answer right at your picture. Artem
Thanks Artem, going to study this some more
  • #233
  • Sep 25, 2014 9:46am Sep 25, 2014 9:46am
instead of a trading example, this is why i didn't trade at certain level. this is EJ.

p/s: anyone see a history repeating it self at EU just now?
Attached Image (click to enlarge)
Click to Enlarge Name: ej2.PNG Size: 5 KB
Attached Image
  • #234
  • Sep 25, 2014 9:56am Sep 25, 2014 9:56am
this is EU just now. see what i mean? (sorry i forgot to attached it previously)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 3 KB
  • #235
  • Sep 25, 2014 10:03am Sep 25, 2014 10:03am
Hi Cat,

Thats a gd set up..history on same chart...so u took the trade as soon as
the level was broken right?? The candle also had momentum
  • #236
  • Sep 25, 2014 10:07am Sep 25, 2014 10:07am
Quoting catextract89
this is EU just now. see what i mean? (sorry i forgot to attached it previously) {image}
Catex, I am beginning to think on these lines.
"If history shows a '20-level' was broken by a candle that was 20 pips that is a level for reversal break"
Correct me if wrong.
  • #237
  • Sep 25, 2014 10:11am Sep 25, 2014 10:11am
Quoting dennis4u15
Hi Cat, Thats a gd set up..history on same chart...so u took the trade as soon as the level was broken right?? The candle also had momentum
i got a feeling that you already understand it.
  • #238
  • Sep 25, 2014 10:13am Sep 25, 2014 10:13am
Quoting shiva
{quote} Catex, I am beginning to think on these lines. "If history shows a '20-level' was broken by a candle that was 20 pips that is a level for reversal break" Correct me if wrong.
you are mostly correct. in other term. how price react to a level
  • #239
  • Sep 25, 2014 10:14am Sep 25, 2014 10:14am
Did AUDJPY have a few entries these last 2 days?
  • #240
  • Sep 25, 2014 10:20am Sep 25, 2014 10:20am
Thanks Cat..just trying to tie the loose ends with ur, artem and fxactions guidance.

Regards
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