CatFx50 - page 313

Dave1
231
Dave1  

That clearly explains it.

KayLaw
45
KayLaw  
harold4x:
entered 2310 euro short looking to exit 2290 at trendline and 100 ema

Thanks Harold4x. I entered euro at 2308 and not knowing when to exit. After reading this post, I also closed my position at 2290 and just after that we have retracement. You have two other EMAS on your chart 100 and 200. Could you please explain how you use them to enter and exit the market.

Your exit strategy today gave me 22pips on euro.

mibl
410
mibl  

todays RECAP

EURUSD

15:00 cet: Level 1 short @1.2308, made a low @1.2285 (>15:00cet) => +23 pips maximum favourable excursion (ex spread)

16:30 cet: Level 1 long @1.2331, made a high @1.2393 (>20:00cet) => +62 pips maximum favourable excursion (ex spread)

GBPUSD

11:00 cet: Level 4 _1long @1.7846, made a high 1.7977 (>11:30cet) => +31 pips maximum favourable excursion (ex spread)

16:00 cet: Level 3 _2 long @1.7866, made a high 1.7934 (>20:30cet) => +68 pips maximum favourable excursion (ex spread)

USDCHF

15:00 cet: Level 1 long @1.2737, made a high @1.2759 (>15:00cet) => +22 pips maximum favourable excursion (ex spread)

16:30 cet: Level 1 short @1.2713, made a low @1.2649 (>20:00cet) => +64 pips maximum favourable excursion (ex spread)

_1: Level 4 are for a reentry, even more risky - need thrength in themovement

_2: entry was >50 pips above ema50,driven of strength, high risk

mibl

reemul99
177
reemul99  
mibl:

GBPUSD

11:00 cet: Level 4 _1long @1.7846, made a high 1.7977 (>11:30cet) => +31 pips maximum favourable excursion (ex spread)

mibl

Are you sure we can count that one mibl ?

Seems that the low of the 12:30gmt candle (@1.7813) would have caused a s/l close of that position

mibl
410
mibl  
reemul99:
Are you sure we can count that one mibl ? Seems that the low of the 12:30gmt candle (@1.7813) would have caused a s/l close of that position

Hi reemul99

count it or not. It is a little controversial but you could classify it as level 4 because of the fortification in HistoStepMAStoch combined with the break of the resistance from the night session before. Contrary to this it has a wide distance to ema50.

I didn't trade this one (because of the distance to ema50).

Trading this one I would have been entered with a smaller lot size and have closed 1/3 in profit and 2/3 had been stopped out on entry. After open this candle won 30 pips.

Were you would have been stopped out at such a trade depends on your general stop technique.

Do not mix up the daily recap list (shows the formal entry signal with the potential maximum profit range) with a real trade performance report. There is no slipage (moving price during ordering) or ability of getting in parallel trades on more than one pair or platform or connection errors during ordering, ... regarded. And all these influence your trading profits and your account too.

mibl

nina
2768
nina  

Hi, traders!

Thanks, Mibl, for the recap.

Ok, another good day for CatFX50 followers.

All of us see that when they are long, we should be on their side. Look, CatFX50 gave a level 1 buy on cable the 17th at 1.7531. Well, cable today has made a high at 1.7934. That is, mates, + 403 pips!!!!!!!!!

Cable makes this quite often. We should know that.

Have you looked at gold? It is trading now at 639,75 and has made a high at 642,28!!!!

And what about oil?

Take care.

Nina

harold4x
758
harold4x  

hi kaylaw remember ema s are moving trendlines so i use them as such for support and resistence as you saw today a regular trendline and 100 ema were together forming strong support thats why i closed my trade also i exited long at 2373 last high for a 40 pip gain to go with 13 so 53 today not bad pick your spots you dont have to trade every signal or multible currencies at the same time i personally only trade euro/usd and gbp/usd usually 1 at a time sometimes both if they are in unison with signals happening at same time folks you have to use full ta along with cat50 meaning draw the trendlines and find levels of support and resistence pivots points mm levels etc then trade the system its one thing to enter trade its another thing and very impotant when are you exiting hope this helps

nina
2768
nina  

Hi!

Today's signals so far (9:05 cet):

EURUSD, level 1 sell (08:00cet) at 1.2351. Made a low at 1.2332. + 20 pips

USDCHF, level 1 buy (08:00cet) at 1.2694. Made a high at 1.2726. + 32 pips.

GBPUSD, level 1 sell (09:00cet) at 1.7870. Made a low at 1.7866.

Nina

rollingstone
238
rollingstone  
nina:
Hi, traders!

Thanks, Mibl, for the recap.

Ok, another good day for CatFX50 followers.

All of us see that when they are long, we should be on their side. Look, CatFX50 gave a level 1 buy on cable the 17th at 1.7531. Well, cable today has made a high at 1.7934. That is, mates, + 403 pips!!!!!!!!!

Cable makes this quite often. We should know that.

Have you looked at gold? It is trading now at 639,75 and has made a high at 642,28!!!!

And what about oil?

Take care.

Nina

Hi Nina,

Are you saying that we should change our closing technique and use CatFX it as a swing trading technique and not as an intraday only play.

moneyline
689
moneyline  

Hi!

Today's signals so far (08:55 cet):

EURUSD, level 1 sell (08:00cet) at 1.2351. Made a low at 1.2332. + 20 pips

USDCHF, level 1 buy (08:00cet) at 1.2694. Made a high at 1.2726. + 32 pips.

Nina

Hi Nina,

Correct and they seem to be moving rather swiftly!

moneyline