CatFx50 - page 271

nina
2768
nina  
nina
2768
nina  

Hi!

Pips that has generated CatFX50 so far this week:

Monday: 126

Tusday: 260

Wednesday: 41

Total so far= + 427.

Wrong signals: none

Nina

nina
2768
nina  

Hi!

Pips generated from entries ( Monday):

EURUSD, 213

USDCHF, 258

GBPUSD, 246

GBPUSD, 41

TOTAL= + 758 pips!!!

Isn't bad, is it?

Nina

Dave1
231
Dave1  

Hi mibl,

Thanks for your explanation. To be clear, all usd pairs have to be going in the same direction otherwise trading, for example, gpbusd short based on catfx today might been a false signal.

nina
2768
nina  
Dave1:
Hi mibl, Thanks for your explanation. To be clear, all usd pairs have to be going in the same direction otherwise trading, for example, gpbusd short based on catfx today might been a false signal.

Hi, Dave1!

+41 pips is not a false signal.

But it was a riskier sell, cause the selling had to do with gbp weakness against EUR and not USD. EMA120 stopped the fall. When we had the signal, cable had already fallen 63 pips with EURUSD almost stuck. That's why I said "Take care. $ is still in selling mode". If $ had been strong, you'd have seen EURUSD going the same way than GBPUSD.

BTW, I did not sell.

Nina

Dave1
231
Dave1  

Hi Nina,

Thx, that has made it a lot clearer. Having arrived back from my day job, I did manage to short cable based on catfx signal for 17 pips and decided to exit the trade on reading your previous comments. Delighted with my gains though.

KayLaw
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KayLaw  

Hi Nina,

I want to thank you for sharing your system and also to correct your post #2685 on Catfx50 indicators. I only used "Catfx50 indicators" as a title while requesting from you or any other member a link to those indicators so that I can download it and get started. But unfortunately, I submitted that post through a wrong channel. Not a new thread at all, if you read it you will understand. I want to be part of this and make my little contribution.

mibl
410
mibl  

forex - how it works...

Dave1:
Hi mibl, Thanks for your explanation. To be clear, all usd pairs have to be going in the same direction otherwise trading, for example, gpbusd short based on catfx today might been a false signal.

Hi Dave1,

Nina explained it shortly before me.

In general:

See that forex is based on pairs in several combinations. So every chart you see in forex represents a relationship between two currencies. The representation depends on what currency is the first in the pair.

Take i.e. the three currencies EUR, GBP and USD.

--> pairs in forex therefore are EURGBP, EURUSD, GBPUSD

If you have a strong EUR you can see EURGBP and EURUSD going up as it is stronger than GBP and USD, which amount depends on each strength.

If you have a strong GBP you can see EURGBP going down (because of EUR ist weaker than GBP) and GBPUSD going up (because USD is weaker than GBP).

But that is an easy explanation because of there are a lot of other pairs and so a lot of other relationships between currencies with weakness and strength.

Yesterday:

The picture yesterday was that EURGBP was raising up, EURUSD was going up too and GBPUSD was going down. That means GBP is weaker and USD is stronger than GBP. --> What means that for the USD?

The "normal" (which means mostly) correlation is when GBPUSD ist going up, EURUSD is going up too (and for the other direction the same.)

best regards

mibl

nina
2768
nina  

Hi!

Today's signal so far:

EURUSD, no signal.

USDCHF. no signal.

GBPUSD, level 2 buy (09:30cet) at 1.7546. Made a high at 1.7596. + 50 pips.

Today we have

13:00 BoE Rate announcement, expected unchanged at 4.50%

13:45 ECB Rate announcement, expected unchanged at 2.50%

14:30 ECB Press Conference (Trichet)

Big pockets are long EUR. Lets see what Trichet does and say.

Take care.

Nina

LazyForex
308
LazyForex  
Hi! Today's signal so far:

EURUSD, no signal.

USDCHF. no signal.

GBPUSD, level 2 buy (09:30cet) at 1.7546. Made a high at 1.7559.

I have a Level2 Sell for CHF..Opening Price at 1.2855, sold at 1.2847

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