CatFx50 - page 408
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todays RECAP...
After some good and trending days we had a ranging market today. EURUSD>8:00cet: Level 1 short during candle development between 1.2826 and 1.2795 because of the overstepping of StepMAStoch filter -0.04 or latest @1.2797 at 8:30cet. This made a low @1.2770 (>11:00cet) => +27 up to ~+40 pips **
>15:00cet Level 1 long @1.2852 means that we got in a loss => -20 to -34 pips on opposite signal development **
// this signal on opening of next bar was 30 pips away from ema50 what means greater risk. Some hours before we had a low 80 pips deeper.
USDCHF
8:30cet: Level 1 long @1.2112, made a high @1.2165 (>11:00cet) => +53 pips**
15:00cet: Level 1 short @1.2871, made a low 1.2856 => +15 pips **
17:30cet: Level 1 long @1.2122 => -28 pips ** ended in a loss and should have been closed by opposite signal
GBPUSD
08:00cet: Level 2 long @1.8853 with a briefly high @1.8863 at the daily high => -34 pips - we should count that as a loss
>10:30cet: Level 1 short in the area of 1.8823 - 1.8779 after penetrating StepMAStoch filter -0.04 or latest at opening of new candle at 11:00cet @1.8786 - made a low at @1.8746 => +40 to about ~+65 pips **
15:00cet: Level 1 long @1.8861 => -34 pips ** - should be stopped out by initial stop.
** maximum favourable excursion ex spread that are not realized pips in case of trading them - that's the maximum distance each single signal reached.
After such a day you see why catfx is no automatic trading system and needs indeed some descrete decisions. CatFx gives no standard decision not to generate a signal when we have a market like today.We can see today that the pairs were flipping around the ema50 and the signals were created too late by catfx. We missed an earlier time to enter by one to three pips and so the entry signal is created near the end of the movement.
After the regular trading time we now had on each pair good and profitable signals. But as said - these were out of standard trading time.
mibl
Signals so far...
Hi
today market is not as clear as yesterday - pairs are tending sidewards and take a breather. ema50 and ema120 crossed on all pairs or are nearly at the same level. This could be the source of "flipping" dangerous false signals as we saw this morning. (Not concerning the trading time from 8:00 to 18:00cet we would have had even more false signals.)
EURUSD>8:00cet: Level 1 short during candle development between 1.2826 and 1.2795 because of the overstepping of StepMAStoch filter -0.04 or latest @1.2797 at 8:30cet. This made a low @1.2770 (>11:00cet) => +27 up to ~+40 pips **
USDCHF
8:30cet: Level 1 long @1.2112, made a high @1.2165 (>11:00cet) => +53 pips**
GBPUSD
08:00cet: Level 2 long @1.8853 with a briefly high @1.8863 at the daily high => -34 pips - we should count that as a loss
>10:30cet: Level 1 short in the area of 1.8823 - 1.8779 after penetrating StepMAStoch filter -0.04 or latest at opening of new candle at 11:00cet @1.8786 - made a low at @1.8746 => +40 to about ~+65 pips **
** maximum favourable excursion ex spread that are not realized pips in case of trading them - that's the maximum distance each single signal reached.
mibl
Hi, mates!
Today was awful, dangerous, purposeless and boring. You see that now when you look at charts: kissing EMA50, crossing it up and then down, hovering around it and around pivot, etcetera.
I warned everybody very early: https://www.mql5.com/en/forum/173201/page269
I hate these kind of days. I want direction and strength (volume -but we have not that on FOREX-). If I lose, I lose, but with direction and strength, cause then I'll be able to recover.
I do not like neither when we have news, lets say positive for $, and $ goes down. FOREX is one of the most dangerous markets of the world. Do not forget that.
Look at USDCHF today. It was a level 4 short at 1.2069 and it made a low at 1.2054 (S1). This was the low of the day. Right, my 15 pips, yeah. From there it made a high at 1.2128 and from there to 1.2056. This explains it all. Its high of the day was at R1.
Well, tomorrow it will be a better day.
Nina
when cosidering a trade the price must close above or below the 50 ema thats the closing price then the next bar must open in the dirrection of trade but in the case of the gbp this morning the priced closed 8824 and 50 ema was 8823 and all 3 step indicators crossed at same time now price opened 1 pip below 50ema and according to ninas rules it didnt qualify but when i see all 3 step cross at same time i see strenghth so i took the total high including the wick of that candle that closed above the 50 ema and used that as filter to enter trade sort of breakout with a signal and with news not being so good for usd i thought this is a pretty safe trade
Thanks Harold,
I guess that goes a long way to explain a well-developed gut feeling based on experience and the particular trading moment. That's the "knowledge" I'm talking about. I hope to acquire some of the same.
moneyline
Trade Set up
Hi!!
I've not taken any signal yet. There were to far away of EMA50. Another filter as you have already seen that works.
Take care, market has not know what to do.
NinaHi Nina,
Would it be possible for you to post the chart of your trade set up instead of a picture of your account pop up window. I think we could learn alot from seeing your trade set ups.
Thanks
Dave
HI everyone:
I just checked all the post, and I just know about LEVEL1,2 buy/sell.
But I do not know about LEVEL3,4 buysell, can someone show an image
for LEVEL3,4 buy/sell rules? Thanks a lot!
IS three long trade at 8.00 CET for EURUSD and GBPUSD
IS three long trade at 8.00 CET for EURUSD and GBPUSD
Why do you think threre is a long trade? There wasn't any cross between the price and EMA.
HI everyone:
I just checked all the post, and I just know about LEVEL1,2 buy/sell.
But I do not know about LEVEL3,4 buysell, can someone show an image
for LEVEL3,4 buy/sell rules? Thanks a lot!Hi,
Look at post 3601 on this thread.
moneyline
eur/usd is ranging at the moment between 1.2865 and 1.2875, nothing clear as yet.