CatFx50 - page 413

[shausmann]

jwoger:
It seems that the market has no direction. Am i right? i thought we had a level 4 at the 16:30cet candle but it turned into a spinning top. any thoughts? are there any news releases that i missed?

CPI from US Index higher than expected = Inflation fear = Interest Rate rise to counter

That's the principle behind CPI

[jwoger]

we have level 1s at 9:30est but the pairs seem to be losing steam. any thoughts?

[mibl]

ValeoFX:
MIBL, my price on the GBP/USD candle @ 9:00cet, closed at 1.8956?? Am I missing something here? Please help me understand that better. Thx.

Hi ValeoFX,

yes - you missed that the entry on level 4 is not at the candle close but during the candle. Entry point of this level 4 is @1.8928, that's one pip above the high of the preceeding consolidation phase.

On Level 4 we enter immediately at the breakout and do not wait until the candle closes. That is important.

=> The very important side condition for level 4's is strenght of the movement: So waiting until the candle closes and expection strength on the movement is a contradiction!

mibl

[harold4x]

anyone catch the euro short for 20

[jwoger]

for 20? how about 90 or more. jeje

[ziggy43]

I captured 34 pips.

[[Deleted]]

mibl:
Hi ValeoFX,

yes - you missed that the entry on level 4 is not at the candle close but during the candle. Entry point of this level 4 is @1.8928, that's one pip above the high of the preceeding consolidation phase.

On Level 4 we enter immediately at the breakout and do not wait until the candle closes. That is important.

=> The very important side condition for level 4's is strenght of the movement: So waiting until the candle closes and expection strength on the movement is a contradiction!

mibl

Thank you for clearing this misunderstanding for me. Much appreciated.

[nina]

Hi!!

Well, I think everybody is happy today!!

Nina

[Dave1]

What a beautiful day for pip taking, I'm still scalping eur/usd. great stuff.

[dellan]

-30 pips stoploss is a good number?