CatFx50 - page 457

David
86
David  

Timeframes

Is everyone still using 30min timeframes on the pairs?

Dave1
231
Dave1  

Hi Kirsty, I'm not sure about the others, but as soon as I see a possible 30 set up I drop down to the 5min for early entry then back to the 30min. It's called 'Tweaking' the system a little. If this confuses you, just trade the 30 which is the proper way to trade catfx.

downunderdave40
156
downunderdave40  

Level 3

Do we have a possible level 3 on CHF 1530 candle?

Dave

eric79
308
eric79  

It was a level 1 26 minutes ago on USDCHF the way i see it

downunderdave40
156
downunderdave40  

Chf

eric79:
It was a level 1 26 minutes ago on USDCHF the way i see it

Hi Eric,

I was asking before the 1530 candle closed. You are correct, it did close above 50EMA and created a level 1 trade.

Did any one get in on the GBP short trade? I was able to get 30 pips on the level 1 short. A bit risky, but the news was driving it.

Dave

jwoger
180
jwoger  

anyone get in on the eur/usd short? i did. and i also went long on the usd/chf

I love fibopivots

jwoger
180
jwoger  

Does anyone here trade with fxcm? i think that their news squak box is awesome. Any comments? BTW i have found that Neuimex has about the same quotes as fxcm. Much better than NF anyways.

Dave1
231
Dave1  

I've scalped eur/usd 3 time already came away with 39 pips. Awsome moves.

jwoger
180
jwoger  

Boston, May 24.

EUR/USD is pushing the downside, aiming for stops below the 1.2760 level. A

break targets a retest of the range base near 1.2685. Specs have been caught

wrong-footed today as EUR/USD failed to sustain its gains upon breaking 1.2880

and by the surprising rise in US new home sales in April. 1.2745 is modest

interim support ahead of 1.2685. Jamie.Coleman@Thomson.com /rs

Dave1
231
Dave1  

Current low 2748 sounds promising