todays main pivot is 8896 on neuimex m4 trader
You obviously misunderstood my post. I am by no means asking someone to predict market direction...those are your words. If someone was doing that on this forum, we would all be rich.
It would be great if some of the experienced traders could "help people trade the various catfx50 signals only as they appear in present time according to the entry rules..."
The fact is I haven't seen any of the experienced traders take time to do that. All I read is how difficult it would be for them to post trades, and those are their words. So asking them to confirm whether or not the market conditions are favorable to catfx50 system as a whole, should be much easier.
Nina recently warned about trading during the NFP announcement. That wasn't asking to much. I am sure it also saved many newbies from some dissapointing results.
People on this forum know the levels of this system. If they dont, they need to take more time to read the entire thread as I have. There are ample pictures, charts, and summaries of each level of trade.
The problem is that from the experienced traders down to the newbies, nobody wants to be wrong. No one wants to be held accountable for making a bad trade call. Even if its on their own. So instead of posting a present time quote...we get delayed quote which paints a picture of a positive past. I could use Hindsight on my own.
So rathen than putting pressure on the more experienced traders to give a present time reading of the signal they see (Which would be great if they could, but I haven't seen yet...maybe you have??). It is probably easier for them to do as Nina did, and simply warn us of market conditions..not direction..conditions..that are unfavorable to the catfx50 system.
This is certainly no stairway to heaven.
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.
here is what a perfect level 1 looks like in euro this morning
A couple of very basic questions!
Hi - I've tried and failed to find the answers to my questions by searching the threads, so will somebody please confirm that my understanding of some of the basics for entering a trade are correct.
When entering a level 1 buy/sell at the second bar above/below the 50 MA the price to enter at is the open of the second bar regardless of the high/low of the previous bar?
Also, am I right in thinking there are no further trading opportunities until the price returns to the 50MA?
Read the first page of this thread.Then begin grabbin pips.
Ok - I understand what you are saying.
I have been online when traders such as Mibl & haroldfx post setups and entries in real time.
Personally - I would prefer live calls of specific catfx50 setups and then actual entry to assist newbies in decision making process. It keeps the focus on specifics, the problem I see with market condition calls is that they are often variable and open ended , if I contacted 10 different sites or gurus I might get 10 different opinions.
Anyway - I get your point of view...
listen folks this is not rocket science i put charts up almost daily showing you what it looks like and yet you are still asking for calls i am trying to help you understand how to trade but you are not listening it seems you want someone to manage your acct i would be glad to if you dont want to learn how to trade then get someone to trade for you
Can you please point me to your post where you attached your indicators? I've been looking for it and can't find it for some reason.
How well do you feel your indicators are filtering out bad trades?
It appears we have a trendline break on EUR/USD and also USD/CHF and they both appear to be headed toward the 50 EMA line.
Of course, this had to happen on the later half of the NY market; not a good time!
When a candle crosses the EMA 50 line, AND the Hist_StepMA_Stoch is pointing in the right direction (green for long, red for short), you then enter as soon as the next candle opens in the same direction as the cross. Above the 50 EMA line (if long), and under the 50 EMA line (if short).
Yes, to use the CatFX50 method you must wait for the price to get near the EMA50 line. There are, of course, other methods and systems in the arsenal of Forex traders and they don't strictly depend on the cross of the EMA 50 line. Look around this forum, you'll find plenty of methods and systems to keep you busy, but be careful! Many don't have the extended testing of CatFx50 !!!
However, you can count on the EMA 50 being crossed at least once per day. Furthermore, CatFX50 has shown its reliability time after time. It makes waiting for the right conditions more bearable. BTW, though waiting is boring as heck, that's not really what we're doing. We are hunters waiting for our prey (pips), and a big part of hunting is watching and waiting for the right conditions...then we pounce on our prey!