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my system of 20 pips

  • #341
  • Sep 26, 2014 4:43am Sep 26, 2014 4:43am
Quoting catextract89
{quote} this is valid. so now you know how to enter the market. now. figure out the rescue mission. standby for losses (if it occur).
will do, thank for sharing how to view market in a diffrent way,

if im getting your method correct, discretion are playing huge role in your method?
Closer To Dream
  • #342
  • Sep 26, 2014 5:26am Sep 26, 2014 5:26am
Quoting berda
Hi guys, Trying this strategi for 1st time, take long on EJ 139.00. I'm still not sure with this position, see where it'll go. Is there any comment?? Need your advice guys.. Thanks.. {image}
that level is too choppy.. 138.800 entry on the big candle is better.
  • #343
  • Sep 26, 2014 5:50am Sep 26, 2014 5:50am
Quoting Blackeagle
{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...
We would have gone long on @ B, 1.27400, not short, therefore, we would have reach tp.
  • #344
  • Sep 26, 2014 6:00am Sep 26, 2014 6:00am
Quoting catextract89
{quote} this is valid. so now you know how to enter the market. now. figure out the rescue mission. standby for losses (if it occur).
Please don't say martingale
  • #345
  • Sep 26, 2014 6:03am Sep 26, 2014 6:03am
Quoting Mister Dave
{quote} Please don't say martingale
No, it's not.

Artem
Let's go with the flow
  • #346
  • Sep 26, 2014 6:14am Sep 26, 2014 6:14am
Quoting Mister Dave
{quote} Please don't say martingale
martingle is a taboo word. hahahahaha

no, it's not martingle as artem_t said.
  • #347
  • Sep 26, 2014 6:34am Sep 26, 2014 6:34am
Let me take a swing. Is it that you set pending orders at every levels, and once you TP, you locked in profits and your next order is open. If it trends, you would locked in 20 pips at every level?


Thanks
  • #348
  • Sep 26, 2014 6:40am Sep 26, 2014 6:40am
season 2. HOW TO END IN PROFIT
from the chart with informer that artem pointed out in page 2 i can see that Cate had 6 loss trade and 8 won trade from17th to 19th September. i think the secret might lie in using a uniform lot size for all trades with the hope that the winning trades will out number the lossing trades at the end of the day. crossing my hands. look at the chart once again mates
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 379 KB
  • #349
  • Sep 26, 2014 6:45am Sep 26, 2014 6:45am
I would like to ask you cate whether you consider news or is this purely technical analysis without considering what the news is doing at all.
Jesus is Lord
  • #350
  • Sep 26, 2014 7:14am Sep 26, 2014 7:14am
Quoting borgu
season 2. HOW TO END IN PROFIT from the chart with informer that artem pointed out in page 2 i can see that Cate had 6 loss trade and 8 won trade from17th to 19th September. i think the secret might lie in using a uniform lot size for all trades with the hope that the winning trades will out number the lossing trades at the end of the day. crossing my hands. look at the chart once again mates {image}
Win more than you lose??
Thats does not really sound like a 'rescue mission' as Cate describes it.
  • #351
  • Sep 26, 2014 7:37am Sep 26, 2014 7:37am
I think this system work very nicely with 10 PIP Renko Bars, normalised at **10 levels..

It will give a lot more clarity to the history.........
  • #352
  • Sep 26, 2014 7:46am Sep 26, 2014 7:46am
short EU @ 1.27200. Let's see what happens!
  • #353
  • Sep 26, 2014 7:49am Sep 26, 2014 7:49am
EU TP hit. however I am sure that if the result of final GDP is on the contrary, it must have been a lost trade. who knows if the rescue mission will come from the region of fundamentals. just insinuating mates
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot1.png Size: 4 KB
  • #354
  • Sep 26, 2014 8:14am Sep 26, 2014 8:14am
From the image posted it looks like after every loss he opens in the opposite direction. The green and red lines show this (if they are the trade lines). So it looks like on that occasion he had 2 losses in a row. This means he is either trading a single lot size and relying on the hit rate or he is using martingale (which may explain why he wont show the lot size). Also i dont actually see any logic or 'history' in any of those trades as it looks like he is trading EVERY level (on that screenshot at least). The screenshot is a bit small and i cant make out the bottom trades so i may be wrong.
  • #355
  • Sep 26, 2014 8:34am Sep 26, 2014 8:34am
Quoting MataNui
From the image posted it looks like after every loss he opens in the opposite direction. The green and red lines show this (if they are the trade lines). So it looks like on that occasion he had 2 losses in a row. This means he is either trading a single lot size and relying on the hit rate or he is using martingale (which may explain why he wont show the lot size). Also i dont actually see any logic or 'history' in any of those trades as it looks like he is trading EVERY level (on that screenshot at least). The screenshot is a bit small and i cant...
surely i cannot see the rule of history repeating itself in that chart. i tried to mark the periods he traded with red lines . NO HISTORY BOSS.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
  • #356
  • Sep 26, 2014 8:56am Sep 26, 2014 8:56am
Quoting fxtrain
short EU @ 1.27200. Let's see what happens!
TP hit!
Guess I am done for the day.
  • #357
  • Sep 26, 2014 9:10am Sep 26, 2014 9:10am
umm, i am new here.

I'm just wondering whether cate and artem need to set stops with a gap of 20pips from the current price?

Secondly, according to Cate at post #284, 'history repeat itself' is more to the reaction of price.
But if that level has a strong support until a break out, should we expect a strong resistance (we sell) or a strong buying force instead?

Gregory.
  • #358
  • Sep 26, 2014 9:40am Sep 26, 2014 9:40am
EJ TP hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 26 KB
  • #359
  • Sep 26, 2014 9:42am Sep 26, 2014 9:42am
Took three trades all have hit target on EURUSD, EURJPY and AUDUSD. I'm impressed
I am going to try on a few more pairs and see how it goes
  • #360
  • Sep 26, 2014 10:03am Sep 26, 2014 10:03am
Quoting sgaughan
Took three trades all have hit target on EURUSD, EURJPY and AUDUSD. I'm impressed I am going to try on a few more pairs and see how it goes
Excellent
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