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

  • #461
  • Sep 29, 2014 4:00am Sep 29, 2014 4:00am
market is trying to tell us. rejection after rejection. previous history? rejection as well. what does this mean?
  • #462
  • Sep 29, 2014 5:35am Sep 29, 2014 5:35am
Quoting catextract89
market is trying to tell us. rejection after rejection. previous history? rejection as well. what does this mean?
well i would say that we havent had any announcements or catalysts to compel either buyers or sellers to come into the market and push it one way or the other. We have no clear direction or sentiment yet today
  • #463
  • Sep 29, 2014 5:40am Sep 29, 2014 5:40am
Rejection means failure to cross upper 0.20 level and history repeats thus it will fall through 1.6220 level again towards 1.6160 level... opportunities are there for trades... correct me if i am wrong... as a newbee mistakes are always the way learning... thanks for the thread... still looking for the TRIGGER point..........
  • #464
  • Sep 29, 2014 5:58am Sep 29, 2014 5:58am
Hi Catex,
Here is my observation on your system. Of course, there is no doubt about the efficiency of the system. However no matter how mechanical u want to be, u must have filters. The gu call which u made this morning is valid and still is, That is why I am still holding on to the short signal. BUT WHAT WENT WRONG? There was a 1h tf divergence, and that scuttled the signal. Divergences if one knows how to trade them is one of the deadliest methods of capturing pips from the mkt,Imho one should always scan all time frames to see if there is any divergence in which case trading such signal should be postponed until the power of the d divergence fizzles out before entry, I knew that gu merely went for a retest os a key area, ditoi gj, and that is why i held on ,on all my accounts even the micro account which I have been posting here.
More green pips to your elbow
Here is d picture of gj presently.
before i posted i noticed a hidden divergence on the 5m tf recalling price, i promptly scalped it.
The short signal will continue afterwards.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 23 KB
  • #465
  • Sep 29, 2014 6:34am Sep 29, 2014 6:34am
Quoting FXAction
Hi Catex, Here is my observation on your system. Of course, there is no doubt about the efficiency of the system. However no matter how mechanical u want to be, u must have filters. The gu call which u made this morning is valid and still is, That is why I am still holding on to the short signal. BUT WHAT WENT WRONG? There was a 1h tf divergence, and that scuttled the signal. Divergences if one knows how to trade them is one of the deadliest methods of capturing pips from the mkt,Imho one should always scan all time frames to see if there is any...
very nicely done!!! this is what i've been talking about! goodjob FXAction!

guys, listen. this is how you want to become successful in trading. do not follow a system blindly. it will eat you on the long run.
we must adapt to market!
  • #466
  • Sep 29, 2014 6:37am Sep 29, 2014 6:37am
Quoting ForeXTrd
Rejection means failure to cross upper 0.20 level and history repeats thus it will fall through 1.6220 level again towards 1.6160 level... opportunities are there for trades... correct me if i am wrong... as a newbee mistakes are always the way learning... thanks for the thread... still looking for the TRIGGER point..........
look like your analysis is correct. as a new trader, take your time to learn. don't jump into a system and hope it will make you money. slowly learn observe and learn. you will get there soon.
  • #467
  • Sep 29, 2014 10:34am Sep 29, 2014 10:34am
buy GU @ 1.62600
  • #468
  • Sep 29, 2014 12:13pm Sep 29, 2014 12:13pm
GBPUSD a sell @ 1.6260?
Attached Image
  • #469
  • Sep 29, 2014 12:24pm Sep 29, 2014 12:24pm
Quoting artem_t
To be honest, I feel like revealing everything right now here. But it's not my thread, not my rules, not my method - so I can't do it. But, I guess Cate will not mind if I summarize everything that has been already said in this thread. Nothing more than already revealed till now. 1. We know that we trade only fifth levels (*.*20, *.*40, *.*60, *.*80, *.*00). 2. We know that we trade breakouts of those levels and not bounces. 3. We know that the "history repeats itself", so in other words - we are looking at history before the trade. 4. We know that...
Pls Artem t could you explain point 2 & 3 further stating :we trade breakouts of those levels and not bounces. could you elaborate on this maybe using chart pls. and for "history repeats itself" does the repetition occur on the same previous price level or you look for similar price patterns formed earlier. I will appreciate if these points are cleared for me cos am really worked out trying to figure these out myself.

Regards.
  • #470
  • Sep 29, 2014 8:30pm Sep 29, 2014 8:30pm
Quoting fxtrain
buy GU @ 1.62600
Didn't quite get 20 pips. Got to 13 and reverse, SL hit
  • #471
  • Edited 9:05pm Sep 29, 2014 8:44pm | Edited 9:05pm
hi ftrain,

just looked at the 1.62600 level and the way Cat trades that would have been a sell trade cos price broke that level with a bullish candle hence we anticipate it would break again..so a sell would have worked...or am I seeing something else.

Regards
  • #472
  • Sep 30, 2014 6:45am Sep 30, 2014 6:45am
less and less trader are interested, good, this show that all trader behave the same. they will keep on jumping from system to system hoping to find a profitable system.

let me make a reminder once again, please do not be a 100% mechanical trader where you follow the rule blindly.
please do not enter the market based on indicator alone if you don't have enough understanding about how price react.

remember, price are the one that move the indicator. price are the one that draw the candlestick.
  • #473
  • Sep 30, 2014 6:48am Sep 30, 2014 6:48am
yesterday was a very bad day, i make a call on GU but it turn out it hit SL. i receive a lot of bad PM saying that i'm fake, my system is fake, that i make everything up. it's ok, i'm did not use their money to trade. i use mine. whatever people say out there, here i am making pip day by day.

and yesterday is a very rough day, there is no opportunity to trade at all. but today is a different story. look at EJ.
Attached Image (click to enlarge)
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  • #474
  • Sep 30, 2014 6:50am Sep 30, 2014 6:50am
doesn't matter if they told bad story about me. are they making pips? i know i did. look at EU
Attached Image (click to enlarge)
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  • #475
  • Sep 30, 2014 6:58am Sep 30, 2014 6:58am
Quoting catextract89
yesterday was a very bad day, i make a call on GU but it turn out it hit SL. i receive a lot of bad PM saying that i'm fake, my system is fake, that i make everything up. it's ok, i'm did not use their money to trade. i use mine. whatever people say out there, here i am making pip day by day. and yesterday is a very rough day, there is no opportunity to trade at all. but today is a different story. look at EJ. {image}
Good morning Cate (at least for me, I am in Miami), would you buy at 138.20 going up ? or do you wait for the market to take a break and come back later. We have a lot of room going up...
  • #476
  • Sep 30, 2014 7:02am Sep 30, 2014 7:02am
Quoting Jeg
{quote} Good morning Cate (at least for me, I am in Miami), would you buy at 138.20 going up ? or do you wait for the market to take a break and come back later. We have a lot of room going up...
mornig for you, night for me. it a 12 hour different you and me. hahahaha.

yes, i have a buy position there. will it TP? will it SL? the market will decide
  • #477
  • Sep 30, 2014 7:09am Sep 30, 2014 7:09am
would be better to sell EJ at 138.20 level

Regards
  • #478
  • Sep 30, 2014 7:10am Sep 30, 2014 7:10am
Quoting catextract89
{quote} morning for you, night for me. it a 12 hour different you and me. hahahaha. yes, i have a buy position there. will it TP? will it SL? the market will decide
Yes, small time difference... thanks for the response. My question was oriented more about "safety", since we don't know if price will start running back up or consolidate, I am waiting to see if it touches 138.00 again, and then buy when the price crosses 138.2 or at 138.4 as a "safer" area...
  • #479
  • Sep 30, 2014 7:23am Sep 30, 2014 7:23am
am still following u bro cateex dnt fail to fulfil your promise... that you will not forget me
  • #480
  • Sep 30, 2014 7:49am Sep 30, 2014 7:49am
Quoting catextract89
less and less trader are interested, good, this show that all trader behave the same. they will keep on jumping from system to system hoping to find a profitable system. let me make a reminder once again, please do not be a 100% mechanical trader where you follow the rule blindly. please do not enter the market based on indicator alone if you don't have enough understanding about how price react. remember, price are the one that move the indicator. price are the one that draw the candlestick.
I am still following!


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