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

Pending on the time someone ll take up loop-hole trading by cat again,

u can come up to trade BTS signals here and discover how many pips u have been missing.

http://www.forexfactory.com/showthread.php?t=499704&page=19

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
I would love to learn Cat's loophole method. The problem is that I am a new trader, and lack the experience to reverse engineer a chart to see how the trade was made. You don't throw a steak at a toddler and say "enjoy! ". I need someone to walk me through it. I understand s/r, s&d, volume, pa, however I am still new to this art. I kind of need to be "spoon fed" to get it at this point.
Quoting cbroughton
I would love to learn Cat's loophole method. The problem is that I am a new trader, and lack the experience to reverse engineer a chart to see how the trade was made. You don't throw a steak at a toddler and say "enjoy! ". I need someone to walk me through it. I understand s/r, s&d, volume, pa, however I am still new to this art. I kind of need to be "spoon fed" to get it at this point.
Cbroughton,

If you really want to be successful at PA trading, goto Kreslik.com and read the Never Lose Again Thread. Best thing I ever did..... Nothing to buy, or donate...just pure PA knowledge from some very successful traders... I was mentored by them.

doji
Thank You Doji! I am going to sign up there now. Looks like a great resource.
Quoting earlroy63
Please watch this. http://www.youtube.com/watch?v=1eTS9mpYwmU
Earlroy, after watching the video, do you mean the concept basically is:
1. wait no supply/no demand signal to place the entry in the hook
of course, use untested s/r to determine the exit point once entered.
?thx jason
The posted video tells everything, please watch as many times you want to.
thank you very much.
Earl...

This video says alot about Cate strategy....though it is only the beginning of the concept when combined with PA. Our time spent looking at the strategy have been very rewarding and I am happy to see that your win rate have increase drastically. It should be noted that the strategy can be traded as Cate alluded to on 1 time-frame....

The lack of posting here does not signify the strategy is not a good one, however it requires alot of screen time. I prefer h1 and h4. No supp/demand is not the full story of Cate's loophole, when u discover what she is really doing (no indicators etc) you will understand the simplicity and why she cant share it so easily. It however starts with No supp/no dem as taught in the video and this alone on h1 will guarantee you enough pips on a daily basis.

Don't give up on this strategy map Cate trades against an actual chart with Volumes and study it.....u may not see her loophole as it's crazy that some1 would be buying and selling at such point. Again......the video way of tradin the market is enough and that u will see in the mapping.

Dejan
Not sure anyone uses this thread, but if anyone does here's what I think I see.

a) look to history to identity a 20 level that has given S/R at least a couple of times and eventually broken
b) trade that level coming from the other direction
c) entry should be supported by PA, SR or volume around the level predeceasing

is that about it?
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People....
when we talk about a Hook, loophole in this forum, are we referring to a chart pattern...
for example a sharp move up/down and then a rounding off?
The hook is a very powerful price structure. I'll try to explain briefly. It happens after a strong momentum move which shows that there is imbalance between buyers and sellers. I've shown example with a bullish hook. After a pole/vertical movement at some point price stops and starts to turn due to profit taking or/and new sellers. If the price fails to come back to the origin of the move and continues in the direction of the strong move a hook is formed. Of course, it may not always look like a hook, it may manifests itself as a flag or triangle. The point is that P could not return to the origin of the move because the buying persisted and it had to go on in the direction of the breakout. So the hook becomes area of support and P reacts to it when it comes back in the future. We trade that reaction.
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#ponchofx..nice explanation....but where is you 1st entry on the hook pattern? im assuming SL is at the origin of the move
I'm sorry, I didn't post entries because I wanted to illustrate the hook. The best trade is when the P returns to the hook for the first time(second also works but remember the more times P returns, the weaker that S gets until it eventually breaks.) First target is the nearest S/R. The beauty here is that SL is very tight, it's a few pips below the base of the hook where as profits can be as much as 10 times greater. Now how you enter is very subjective. It depends on the trader, on the trend, TF you trade on, how the P approaches. If you trade higher TF with the trend you can enter with limit order. If P is compressing towards the level that's a good sign. You can also go on lower TF and watch how P reacts when it enters the area and use patterns or PA. You can expect strong reaction also at the origin of the move if/when P returns there.
I hope that helps
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#ponchofx thankyou
Quoting catextract89
here it is. i just got assign to a new job on Wednesday. i hope i would not be away for a long time. anyway, here it is, the reason why. the big question, why a buy? 1. resistance to support confirm. the first "tick" mark 2. "x" mark show price is not holding in that level. go through with no problem. 3. a wick showing that buying is strong and trader interested on that level. 4. i open my buy after i see the first wick. 5. i hold my position after i see the second wick. open h4 and it will be much more clearer to you {image}

Nice explanation. Thanks.
Quoting ponchofx
The hook is a very powerful price structure. I'll try to explain briefly. It happens after a strong momentum move which shows that there is imbalance between buyers and sellers. I've shown example with a bullish hook. After a pole/vertical movement at some point price stops and starts to turn due to profit taking or/and new sellers. If the price fails to come back to the origin of the move and continues in the direction of the strong move a hook is formed. Of course, it may not always look like a hook, it may manifests itself as a flag or triangle....
Also a good explanation. Will start looking for these hooks. Thanks.
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Great result Sorento. Sent you a pm
Quoting Sorento
{image}
Great result. Keep it up!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
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