CatFx50 - page 740
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I read through whole thread 2times and sorry for all ??? I just want to no if these attachments in the Quote below are all I need to follow your system?CATFX50RULES.doc CATFX50 Indicators.zip Template.zip???THANKS!
Right. It's all you need.
Hi, friends!
Another day has gone and FOREX, the best of all markets, has given us a lot of pips or the opportunity to make a lot of money. It has given too another opportunity to us all: the chance to prove ourselves one more time.
Levels worked great again and we knew in advance when the market was saying: sell me, please!
ABOUT GBPUSD:
Pivot at: 1,9719
Our line in the sand is still there, untouched so far: 1,9590-85.
So, now, while above that level, it is set to go up. It will need to break 1,9695/9700 - 1,9715/19 - 1,9721/31 - 1,9753- 1,9777 - 1,9796 - 1,9828 - 1,9830/9 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.
First signal it could go down to 1,9590/85 is breaking 1,9644- 1,9621 - 1,9602.
Below 1,9590, next should be 1,9569 - 1,9548 - 1,9538 - 1,9505. Take care here, because if it breaks then 1,9460 it will be set to go as far as 1,9304.
About GBPJPY:
Pivot: 239,05
The first thing it must do, if we want it up, is break 238,70 and then pivot and holding above.
Below 239,05 - 238,70 and 238,08, the risk is to last low at 237,47. If yesterday low does not hold, next should be 237,08 - 236,60 -236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.
About USDCHF:
Well, you know what I think when it is trading above 1,2440, right?
Good luck!
Hi, friends!
Another day has gone and FOREX, the best of all markets, has given us a lot of pips or the opportunity to make a lot of money. It has given too another opportunity to us all: the chance to prove ourselves one more time.
Levels worked great again and we knew in advance when the market was saying: sell me, please!
ABOUT GBPUSD:
Pivot at: 1,9719
Our line in the sand is still there, untouched so far: 1,9590-85.
So, now, while above that level, it is set to go up. It will need to break 1,9695/9700 - 1,9715/19 - 1,9721/31 - 1,9753- 1,9777 - 1,9796 - 1,9828 - 1,9830/9 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.
First signal it could go down to 1,9590/85 is breaking 1,9644- 1,9621 - 1,9602.
Below 1,9590, next should be 1,9569 - 1,9548 - 1,9538 - 1,9505. Take care here, because if it breaks then 1,9460 it will be set to go as far as 1,9304.
About GBPJPY:
Pivot: 239,05
The first thing it must do, if we want it up, is break 238,70 and then pivot and holding above.
Below 239,05 - 238,70 and 238,08, the risk is to last low at 237,47. If yesterday low does not hold, next should be 237,08 - 236,60 -236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.
About USDCHF:
Well, you know what I think when it is trading above 1,2440, right?
Good luck!Nina,
Your discussion of the key levels, and identification of the potential target is excellent. A serious traders should understand that theory.
Questions:
1. How did you arrive at those levels and how do they relate with the pivot level?
2. Please if you also have a reference material could you please share?
Thanks
Hi!!!
Pivot: 239,05
The first thing it must do, if we want it up, is break 238,70 and then pivot and holding above.
Below 239,05 - 238,70 and 238,08, the risk is to last low at 237,47. If yesterday low does not hold, next should be 237,08 - 236,60 -236,27- 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.
GBPJPY has made a low so far at 236,27(Interbank FX).
Hi!!! GBPJPY has made a low so far at 236,27(Interbank FX).
And now it's touching 238 (currently at 237.80). It can be frightening sometimes.
And now it's touching 238 (currently at 237.80). It can be frightening sometimes.
Hi!
It is a beast!
You need to have a very strong stomach to trade it.
BTW, if we want $ down, USDCHF must break and hold below 1,2440.
Hi!
It is a beast!
You need to have a very strong stomach to trade it.
Indeed. And since I don't yet, I'm only demo trading it. Only live on EUR/USD, GBP.USD and USD/CHF. It's more than enough for now. And I cannot leave everything else and look at charts all day.
And thanks to you I don't.
Is there any strong resistance points to turn this around???
Hi!!! GBPJPY has made a low so far at 236,27(Interbank FX).
Is there any strong resistance points to turn this around???
Hi!
The ones you above where it is now.