DislikedAUDCAD 5 min Bat Bat 3 Major Struct 2 RSI Divergence 1 Ratio Confirmation 1 HTF Confirmation 1 {image}Ignored
- #82
- Aug 11, 2015 8:48am Aug 11, 2015 8:48am
Looks like I just have GBP/JPY to monitor the the rest of the day and if I get filled when my first TP is hit I will move the second half the the half position to BE. Besides that going to wallow in my own self pity for leaving those AUD trades open last night 
Just kidding if your not able to pick yourself back up with a smile then you have already lost
.
Just kidding if your not able to pick yourself back up with a smile then you have already lost
.
{quote} Ah that is just a CTS (combined technical score) think it has a few names. Basically a checklist so you trade more consistently and less willy nilly
lol i need to work on my discipline as well ive had a few burnt fingers on my journey. thanks for the help
- #90
- Aug 13, 2015 8:44am Aug 13, 2015 8:44am
Not seeing much today made a small play at some consolidation last night on the USDCAD and came out for a profit.
There is a Bat forming on the GBPJPY 4hr but still some time before it would reach completion.
Just regretting closing out my EURUSD earlier lol still heading for the TP
There is a Bat forming on the GBPJPY 4hr but still some time before it would reach completion.
Just regretting closing out my EURUSD earlier lol still heading for the TP
- #91
- Aug 13, 2015 6:28pm Aug 13, 2015 6:28pm
Long EURUSD We are setting on some Support on the 15.
Short EURGBP We are setting under Resistance on the 15.
Playing the news hopefully my stoplosses are enough to keep me in the market until the news comes out for the EUR. Not sure how much impact it will have but hopefully enough to hit my TP.
Oh the pair is fairly correlated meaning they move the same way and I am expecting the news would effect them the same. This way I don't have to be up at 1:00 am and I'll just take a loss one whichever I am wrong on. This is only the second time doing this news type trade with correlated pairs since it has to match up correctly. As long as my stops are not hit before the new or during and my TP are not to far away should be an easy win.... If there is such a thing O_o
Short EURGBP We are setting under Resistance on the 15.
Playing the news hopefully my stoplosses are enough to keep me in the market until the news comes out for the EUR. Not sure how much impact it will have but hopefully enough to hit my TP
.Oh the pair is fairly correlated meaning they move the same way and I am expecting the news would effect them the same. This way I don't have to be up at 1:00 am and I'll just take a loss one whichever I am wrong on. This is only the second time doing this news type trade with correlated pairs since it has to match up correctly. As long as my stops are not hit before the new or during and my TP are not to far away should be an easy win.... If there is such a thing O_o
hey max, gbpusd is on the radar its it in a bit of a weird space at the moment as price is in a gartley completion zone but could also push on for a possible bearish butterfly which im hoping for, i think this pattern would get a decent score on your rating system as there are a few bits of confluence if they all align.
- #94
- Aug 21, 2015 1:45pm Aug 21, 2015 1:45pm
Asr1 sorry I had gotten caught up in moving to a new broker ;D that one looks like it would be outside my rules since it pulled back and closed past the 61.8 However was just shy of being a cypher on my data lol. I had stopped trading butterflies the R:R rarely worked out for me 
Think I may be done with this thread for now. After working on it for awhile and keeping to my CTS the Cypher/Garlety/Bat patterns appear to be profitable at least last few months. Although they can be highly subjective but with fib ratios it can be backtested and practiced consistently. Moving on to another area of trading that I am extremely weak on... The dreaded Fundis.
Then be one step closer to getting that sports car and yacht
.
Think I may be done with this thread for now. After working on it for awhile and keeping to my CTS the Cypher/Garlety/Bat patterns appear to be profitable at least last few months. Although they can be highly subjective but with fib ratios it can be backtested and practiced consistently. Moving on to another area of trading that I am extremely weak on... The dreaded Fundis
. Then be one step closer to getting that sports car and yacht
.
- #95
- Last Post: Sep 4, 2015 6:59am Sep 4, 2015 6:59am
Asr1 sorry I had gotten caught up in moving to a new broker ;D that one looks like it would be outside my rules since it pulled back and closed past the 61.8 However was ju shy of being a cypher on my data lol. I had stopped trading butterflies the R:R rarely worked out for me
Hey max
Thats a shame, thanks for the help with the cts info ive been looking into it, the fundis go right over my head at the moment unless very obvious. good luck