Rate Decision on UK.
Watch this space....
The focus today in UK will be the BOE interest rate decision at noon. Rates are generally expected to be left on hold so any changes would come as a big surprise to sterling, which dipped yesterday after a report showing the strong rise in house prices in February.
Keep eyes on it!
So, to wrap up this....it wasn't a valid cross, was it?
For my understanding, we had a candle oppening above the EMA50 and we'd a signal for the Step before. So in this case the TS would have given a signal but it was fake one, was it?
I mean, one could still make 20 pips odd out of this trade, but if it was extremely timely...
Cheers for clarifying it!
I would not say that this was a fake signal, because of
a) you had the chance for 27 [ex spread] in a near maximum before the price goes down to the low of 1,1897 - see the arrows in attached chart.
b) if you do not realize this profit and do not trail your initial stop at all you ARE STILL IN this trade (which made a high @54 this morning) and now located @33.
Interesting chart situation now in eurusd - see attached chart - a long break of the trendlines could be an re-entry (catfx is actually long).
But - before you enter think about the HIGH RISK for the next two hours. (14:30 cet - trade balance for january) - I do not trade this break because of that.
market looks confused i will wait till smoke clears and await a good signal
As said, I have not traded today.
A few hours ago we had two bad news for $. But dollar is still up. When this happens, as you know, Big pockets want $ up. That's it. Tomorrow, if we want a reverse, NFP should be very weak.
Nonfarm payrolls Consensus Forecast for Feb 06: 220,000
Range: 105,000 to 300,000
Unemployment rate Consensus Forecast for Feb 06: 4.7 percent
Range: 4.6 to 4.8 percent
Average workweek Consensus Forecast for Feb 06: 33.8 hours
Range: 33.7 to 33.8 hours
Average hourly earnings Consensus Forecast for Feb 06: 0.3 percent
Range: 0.2 to 0.4 percent
As posted earlier, I have not taken any signal today.
Nina, your strategy is great. I can't believe that it really works!!!
Wish you all the best!!!
is it possible to have a signal alert when the candle closes above the 50 EMA? Just wondered. Thanks Nina have been following your rules for a week now with a demo account, superb stuff, I also did not trade today, too much sideways movement for my liking.
I'm confused because here are too many indicators to use.
I have this indicators on my screen:
Here is the problem: aNina or 0_NinaX_0? Which one to use?
I will attach an image, take a look there.
Thanks in advance
please bother to scroll down the last pages of the thread. You will find an answer to your question (Alert for crossing StepMA_Stoch and one for EMA) with a link.
you need the basics:
2. StepMA_Stoch (= version with crossing lines) or Histo_StepMA_Stoch (= version as histogram, set bars to 2.000)
All others are add ons or small enhancements (Arrows, Sound Alerts) but it happened that they do partly not show all signals.
- FiboPivot is a base for my exit strategy but not needed if you have another.
- Tradetime is only a tool to highlight a specific trading time in the chart from monday to friday
- CatFX50 / CatFX50K
- aNina / 0_Nina_X = version of StepMA_Stoch with arrows ...