CatFx50 - page 242

[VR_SYS]

Eur / USD sitting on a CAM level, see picture

Can anyone explain the methdology that they use to trade with these levels ?

I look at Fibs only

Regards

[VR_SYS]

Hi,

Is anyone else long EUR /USD ?

Moved second contract to + 15 pips..

[nina]

Hi,

Today's signal so far:

USDCHF, sell level 2 (08:30cet) at 1.3093. Made a low so far at 1.3028. + 65 pips.

GBPUSD, buy level 2 (08:30cet) at 1.7461. Made a high so far at 1.7493. + 32 pips.

EURUSD, buy (10:00cet) at 1.2031. Made a high so far at 1.2075. + 44.

TOTAL= + 141 pips.

About EURUSD long: at 09:00cet, pair opened above EMA50. At 09:30 it did the same, but Hist was red.

aNina gave buy signal at 09:30. Hist did it at 10:00. We had IFO and then we saw a big rush. I bought it at 1.2042. Closed half at 1.2070. I've placed stop at b/e + 5 for the other half. Target is 1.2113-41.

Nina

[nina]

Hi!!

About what I said regarding EURGBP:

Look at it and you'll understand why GBPUSD has not gone up like EURUSD has done.

Nina

[nesalc]

Mibl - I cannot agree more with your words; I only "write" before London market open.

Nina - thanks for your correlation between GBP and Euro/GBP.

Happy trading all.

Nesalc

[nina]

Danji:
I made an error as I wrote 96 (4Days). 96 in a 30min Chart is 2 Days.(96*30min= 48 hours= 2 Days). In a 30min Chart the CCI settings are 96 and the middleline is at zero. it is not necessary to put lines to 100 and -100. the cross at zero is important.

Hi, Danji!!

Your CCI 96 looks really nice.

Nina

[Dave1]

Hi Nina,

Yeh, can understand the corallation between eur/gbp and gbp/usd now.

GBP/USd at the moment is stuck at resistance 1.7481. No sign of a break out yet or is my chart telling me tales

I have set the parameter of CCI from 14 to 96 what levels need to be input eg 0, 100 etc. All there is is a line in the middle of nowhere.

[traderix]

Use the zero line

as long the cci is above the 0 line you stay in your long position

[nina]

Today's recap (14:50cet):

USDCHF, sell level 2 (08:30cet) at 1.3093. Made a low so far at 1.1.2990.

+ 103 pips.

GBPUSD, buy level 2 (08:30cet) at 1.7461. Made a high so far at 1.7508.

+ 47 pips.

EURUSD, buy (10:00cet) at 1.2031. Made a high so far at 1.2091. + 60.

TOTAL= + 210 pips.

[VR_SYS]

Hi

With reference to trialling this system... EUR/USD at 1.2082

Nina has posted still long on the EUR / USD and has posted a profit target on the in-market contract, I am waiting on the weighted CCI50 to hook the 200 line before exiting 2nd contract. Haroldfx4 previous posts indicates the use of initial price targets and then Murray Maths to determine exits, other traders sem to use profit targets, Hull ma's etc

A question for the experienced Forex crowd (if you are willing to share this information) what methods are proving consistantly successful in exiting trades that you have entered on CATFX50 entries signals (or similar types of entries) over the last 3 - 5 months of data ?

Regards