This trade did work..EUR/JPY....the 138.600 level was broken with a bullish candle and I placed my sell stop at that level and after around 4 hours it went to TP...the trend was down so it helped.
yeh..I do trade breakouts...still learning though....I have attached the indicator Regards {file}
Ignored
Thank U 4 the indicator. Well dont be scared. The Cartex strategy is quite simple. I hope that one day he will decide to teach us what he really does, and we all will be better for it. However you should devote your effort to understand prece action. Once you are conversant with the relevant price action as i directed , U will easily understand setups with a cursory glance at the chart.Dont be deceived,even Cartex is very much loaded with price action, but he has found a way to make it simple. God will touch him soonest to spill the secrets of the esoteric knowledge of fx he is loaded with, More green pips to ur elbow.
Hi FxAction, This trade did work..EUR/JPY....the 138.600 level was broken with a bullish candle and I placed my sell stop at that level and after around 4 hours it went to TP...the trend was down so it helped. Regards {image}
Ignored
Yes trend helps, but does not really matter. Dis EJ bull is live on a small live account. As u can see, it is counter trend and yet it is about to take profit.What matters is knowledge of price action. Time does not matter bc even at dis hour i have taken many trades on different pairs.Pardon me 4 late entry.
Hi fxaction, just needed ur input on this 1...the 1.10800 level was broken by this big candle so I placed a sell stop there as according to CAT its broken once so might break again..it did come close to TP but not close enough..could u elaborate on this 1 Regards {image}
Ignored
Oh, Dennis I have already said too much. Catex might not like all these. Remember his philosophy of no spoon feeding. Pls., direct subsequent questions to him. I know he will ever be willing
to assist U. More green pips to ur elbow.
1.62800 on GBP/USD looks a good level to buy...history shows that price was broken with a big candle so we can anticipate that it will break again...how do others see
it??
{quote} Hi Catextract are you still working on the history repeating info. If so I can't wait to read the info. Thanks again for helping us become better traders.
Ignored
Just wondering if you got a chance to read my post
Good morning, well i can see where there were candles that completely filled the 1.6220 - 1.6200 levels on 16th Sept, however the recent candle rejecting these levels would worry me taking a short at 1.6220
{quote} hi TS, there should be no entry point EJ since friday NY till now right? i mean, the entry point is defined, but we are still waiting.... can i say that?
Ignored
my EJ tp just now. i usually dont like to trade on friday.
Good morning, well i can see where there were candles that completely filled the 1.6220 - 1.6200 levels on 16th Sept, however the recent candle rejecting these levels would worry me taking a short at 1.6220
Ignored
that is enough reason to stay away from a trade. good job.
