CatFx50 - page 422

frayed
43
frayed  
reemul99:
Does anyone know of a good Forex News site ?

For example, right now, Greenspan is giving a speech (21:30 gmt) and I cant find a single site that is covering the speech.

for that matter, Bernake was speaking today (along with a few other chairmen of the Federal Board) and I couldn't find anything on their speeches either...

forexfactory.com is another good one.

frayed

VR_SYS
158
VR_SYS  
Cisco:
Yea reemul99....

NO knocks to the system at all. In fact, I be will using it again this evening. Nothing is perfect and working with a tight stop till this gets under control may be best. I would hate for some newbie to stumble on this tread and get bad impression based on his or her first week in such an unstable market.

I am not one who is concerned with the more experienced members posting there trades. However, if they have an idea about the overall feel and market conditions ...volitile, choppy, unstable whatever. I feel that it would a great asset if they could at least post that.

Hi Cisco

I get your point, however the purpose of asking the more experienced traders should be to help people trade the various catfx50 signals only as they appear in present time according to the entry rules- to clarify what a level 1 is or level 2 is etc. If someone posts"enter Swiss long level 1" and it was clearly not a level 1 trade then nothing wrong with pointing that out as part of learning process.

However we are asking a lot if the person posting is then got to predict the market direction or "feel" as well - you are basically asking for the stairway to heaven.....it would stop people from posting - my view is that many forums fail when this starts to occur - I know that Nina post levels but they are not specific to any one trade .

moneyline
689
moneyline  
reemul99:
Does anyone know of a good Forex News site ?

For example, right now, Greenspan is giving a speech (21:30 gmt) and I cant find a single site that is covering the speech.

for that matter, Bernake was speaking today (along with a few other chairmen of the Federal Board) and I couldn't find anything on their speeches either...

Even more, what I would like to know is the reaction to the news. Many events are covered, but we don't find out 'till way after the release if the numbers are good or bad.

moneyline

dellan
212
dellan  
Cisco:
Yea reemul99....

NO knocks to the system at all. In fact, I be will using it again this evening. Nothing is perfect and working with a tight stop till this gets under control may be best. I would hate for some newbie to stumble on this tread and get bad impression based on his or her first week in such an unstable market.

I am not one who is concerned with the more experienced members posting there trades. However, if they have an idea about the overall feel and market conditions ...volitile, choppy, unstable whatever. I feel that it would a great asset if they could at least post that.

yeah

catfx50 didnt work good today

but in most of days it works

reemul99
177
reemul99  
moneyline:
Even more, what I would like to know is the reaction to the news. Many events are covered, but we don't find out 'till way after the release if the numbers are good or bad. moneyline

Well, as far as reaction goes, the market is the first, best, fastest, indicator around

moneyline
689
moneyline  

Well, yes, but there's a lot of guessing. Notice the yo-yo action on news days? If there was a way to know the published reports it would help all to take the right side of the market.

Big institutional traders pay for expensive news services that will deliver the published reports in the blink of an eye. As far as I know those services are off limits to the average small trader.

Why do you think the big traders pay for those services? Because it helps them make over and above the cost of such.

moneyline

dellan
212
dellan  
moneyline:
Well, yes, but there's a lot of guessing. Notice the yo-yo action on news days? If there was a way to know the published reports it would help all to take the right side of the market.

Big institutional traders pay for expensive news services that will deliver the published reports in the blink of an eye. As far as I know those services are off limits to the average small trader.

Why do you think the big traders pay for those services? Because it helps them make over and above the cost of such.

moneyline

with northfinance i receive news in realtime and very fast

kiwigold
238
kiwigold  

Market Conditions

dellan:
yeah

catfx50 didnt work good today

but in most of days it works

Yes it does -- but because of days like we have seen lately it also needs some human judgement based on market conditions --

Now we can see why chasing EAs is no good -- no matter how good the system. A robot cant think like a human

shausmann
64
shausmann  

News site

reemul99:
Does anyone know of a good Forex News site ?

For example, right now, Greenspan is giving a speech (21:30 gmt) and I cant find a single site that is covering the speech.

for that matter, Bernake was speaking today (along with a few other chairmen of the Federal Board) and I couldn't find anything on their speeches either...

This is a great news site, Fed speaches where yesterday Thursday and all of the are listed on this news site, at least the event, not the content of the speach. They also let you choose your timezone.

www.forexfactory.com

shausmann
64
shausmann  

Trade the news

moneyline:
Well, yes, but there's a lot of guessing. Notice the yo-yo action on news days? If there was a way to know the published reports it would help all to take the right side of the market.

Big institutional traders pay for expensive news services that will deliver the published reports in the blink of an eye. As far as I know those services are off limits to the average small trader.

Why do you think the big traders pay for those services? Because it helps them make over and above the cost of such.

moneyline

Sounds like you try to trade the news, most often the 50 EMA cross is a result of these news turns, I use www.tradethenews.com the news sometimes are 30-45 sec faster than Market News International from my broker. I think you are right that I helps to pay attention to news. But warning here news release are very complex (NFP) and most of them you better stay away, CATFX50 best part is that it often picks trend reversals on higher time frames (30min) with good strenght (indicator) so that they move a good amount of pips. Now when you see CATFX50 crosses 50EMA with all indicators go at 8:30AM EST and the news event is NFP or CPI or PPI etc. etc. you have a riskier entry, specially when news are unexpected higher or lower than expected, if you get stopped out, thats not CATFX fault, price can be volatile at these times, even with the right direction on CATFX and the news a good swing can take out your S/L of 20 or 34 pips like nothing and than move the way you picked.

CATFX gives good entries, it's up to every trader personal trading style how much risk you like to take, Nina always post before NFP monster to be at least carefull, and another member post news events every day.

Good luck