Today's recap update:
EURUSD, level 2 buy (09:30cet) at 1.2141. Made a high so far at 1.2175. +104 pips.
USDCHF, level 2 sell (09:30cet) at 1.3030. Made a low so far at 1.2874. +156pips.
Total at 16:16cet:
I do not say anything about cable. We had not signal, but, of course, it was easy to enter. But that is not CatFX50.
Again , well done Nina and contributors in sharing this entry strategy to new traders.
Early days yet for me to build a working system ( exits, re-entries etc ) around catfx50 entries, but one immediate benefit I am finding is that I will not be over-trading my live FXCM account.
take a look at chart you need more than 1 step stoc in my opinion to filter trade yes price crossed down on 50 ema and bottom stoc crossed but the others didnt so when price crossed backed up over 50 ema and bottom stoc came in alignment with the others it became a level 2 unfortunately i was asleep when this happened so no trade for me today
I have started following your CATSFX strategy since late last week and so far gaining consistent pips :-)
One major question is how did you determine level 2 long EUR and level 2 short CHF based on today's trades since it doesn't fit according to your rules posted on 1st page?
Can you or maybe others try to explain this level 2 signal rule in details ?
Someone correct me if I'm wrong. For a long signal on the EURUSD it closed on or below the 50ema, opened below the line and closed back above it. The signal was on the open of the next bar. Hist and aNina were still giving long signal. The opposite for USDCHF. I'm not sure if it is a legitimate signal if EURUSD had closed below the 50ema and opened just above it. Someone else can clarify that.
These were the trades (as I saw them) for the last three trading days. They were so clear that even I could see them. Someone correct me if I am wrong.
Nice chart. Isn't it beautiful?
It is a GBPUSD chart and then you talk about EURUSD.
We had no gbpusd signal today, but looking at eurusd and erugbp and how it broke resistances, it was a clear long.
Look at MAX Moving Average too. They are giving you earlier signals, so you can get ready.
it's your site Nina or the same name? www.foreksik.prv.pl
I can not open your link.
Where did you got that link?
I could: that's great!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It is not my site and they have a definition of beauty I wrote a few weeks ago.
Today a friend warned me about a "similar" thread using indicators made here on another site.
Then I saw a thread here called "CatFX50 indicators" where they post our indicators and others and a link to another site.
Now, there is a site where they quote me. Amazing!!
BTW, the definition of beauty is not mine.
it reads this-
"The quality that gives pleasure to the mind or senses and is associated with such properties as harmony of form or color, excellence of artistry, truthfulness, and originality. This is the definition or a real beauty."