CatFx50 - page 472

eric79
308
eric79  

Hi Meriakre

I also think it would be the easiest way with a white label solution like Kiwigold says. Then you would be an introducing broker i think.

In my opinion the legal side is very important. Because this is about money and if you make a mistake and somebody loses money it will probably go to court. And just think if you don't fulfill all the legal requirements. Government authorities might make you pay fines or whatever. And who knows maybe organized crime would want to use your company for money laundering or things like this. So be careful and think of everything.

I don't know much about this business i'm just trying to think of stuff.

Maybe you should try to find a partner who has worked for a broker or financial company. Or try to find such a job for yourself and when you know how it works start your own company.

David
86
David  
jonnydenver69:
Makeral, sounds like you have neither the experience or the money..keep it simple...

LMAO!!!!!!

harold4x
758
harold4x  

well here we go again more indicators thats what we need NOT!!!! you who are looking to avoid false signals in any trading methods good luck cause you wont stop them completly accept it as a loss part of doing business your basic over head i have been trading my variation of the cat since january with a now astounding 80% accurancy for the last 5 yrs my record has been 63% i have put on 10 winners out of my last 11 trades look when you can understand what a moving average is and why we use it then you wouldnt be looking to put on more indicators a moving average is a moving trendline THATS ALL!!!!! draw a basic trendline and see what happens when price hits it it bounces or breaks it same thing thats the engine ninas talking about the step stocs are 1 of the filters along with other ta like pivot points trendlines etc the filters help kept you out of bad trades not more moving averages please comprehend this FACT or we will be talking about tweaking till the cows come home give it a rest already learn how to trade first then you wont be always looking for a perfect method the end

downunderdave40
156
downunderdave40  

Cat Levels

moneyline:
Hi Dave, look at this:

The circled image on the left started out to be a level 1 bear, but then the new blue bull candle opened below EMA50 and crossed. It's not a level 3, more like a level 1 that didn't produce. After that, on the 5th candle to the right, Hist_StepMA_Stoch turns green and you have a large bull candle level 1 that crosses and makes pips.

The image on the right, it's a level 1 bear that didn't work out. BTW, is that the pivot line I see right under those candles? If it is, they are hard to penetrate unless you've got some strength.

Look at the image above and you'll notice just about all the candles that made it to that level bounced.... notice that? Also, they are mostly smaller than the rest of the candles, meaning they ran out of steam at that level. I would have looked at that fact and seen if I was near a natural S/R or pivot line before pulling the trigger.

BTW, do you draw trendlines before your trading day starts? The price will follow the trendline up to a point. Have you noticed how Harold is always aware of where S/R and pivots are located? If you go back and study your chart you'll figure out why none of your level 1 trades could penetrate that line.

moneyline

Thanks for your reply Moneyline,

Those large blue and yellow lines on my chart are indeed SDX breakout lines not trendlines and Yes, I do draw trendlines on my charts, usually on the 1 and 4 hr charts. At this point I am at a loss to define what a level 2 or level 3set up looks like. Maybe someone could post a real trade that used a level 2 or level 3 signal???

For the time being, I think I will just stick to level 1 and 4 signals.

Cheers,

Dave

moneyline
689
moneyline  

Hi Dave,

I don't know if this means much, but I'm gonna go back to the observation concerning the price level. Have you noticed that on your graphic no candles penetrated that price levelfor an entire 29 hours?

That's got to meant something because even when your Hist_StepMA_Stoch was showing huge strength, it still wouldn't cross! There can be things happening the charts and indicators don't mention...like, there could have been some money defending that position.

I had an experience somewhat like yours. I went long on EUR/USD and short on USD/CHF. As my luck would have it, the action went the wrong way (I felt I had entered at the top and bottom of their ranges). It took these two trades a few hours to come around back to where they started. There was even a good news release concerning the Euro, but even with that, there was no way they would cross that line...none! I closed both trades at the same point, didn't win or lose...but a big waste of time!

Dig this: When I entered both trades I looked to see if those price levels had been crossed earlier that day (they had!), but with all of that it just simply boiled down to the fact I couldn't!

moneyline

downunderdave40
156
downunderdave40  

Trading Signals

moneyline:
Hi Dave,

I don't know if this means much, but I'm gonna go back to the observation concerning the price level. Have you noticed that on your graphic no candles penetrated that price levelfor an entire 29 hours?

That's got to meant something because even when your Hist_StepMA_Stoch was showing huge strength, it still wouldn't cross! There can be things happening the charts and indicators don't mention...like, there could have been some money defending that position.

I had an experience somewhat like yours. I went long on EUR/USD and short on USD/CHF. As my luck would have it, the action went the wrong way (I felt I had entered at the top and bottom of their ranges). It took these two trades a few hours to come around back to where they started. There was even a good news release concerning the Euro, but even with that, there was no way they would cross that line...none! I closed both trades at the same point, didn't win or lose...but a big waste of time!

Dig this: When I entered both trades I looked to see if those price levels had been crossed earlier that day (they had!), but with all of that it just simply boiled down to the fact I couldn't!

moneyline

Hi Moneyline,

When I posted my chart and questions I wasn't searching for why this trade would be a positive or negative trade I was just trying to figure out what level of signal it was generating? I am finding it difficult to define in my mind what a level 2 and 3 signal look like based on the descriptions posted on the thread. I know that the first trade isn't in the specified trading time period and the second tarde is greater that 20 pips away from the 50 EMA. At this point, I think I will simplify things and only trade level 1 and 4 signals since I have a much better understanding of those signals.

With that said, you bring up and interesting observation about having strength with the Step-Stoch but the price wouldn't move any further down. This is one of the areas I struggle with and that's determining when there is a choppy market and that I should stay on the side lines and watch the game for awhile.

I'm sure alot of us newbies have this issue.

Thanks for your feedback.

Dave

nina
2768
nina  

Hi!

David is going to post soon a Word document that explains the main rules of CatFX50. When this document is released, I'm not going to answer any more question related to CatFX50 rules.

Nina

kiwigold
238
kiwigold  

Live Calls

The last I will post on the subject of live calls -- but I found this on another forum ----

1. i have personally talked with attorneys at the cftc and the nfa. giving real time trading advice is against the law. (this is the USA)

http://www.forexfactory.com/forexforum/showthread.php?t=2331&page=34&pp=15

kiwigold
238
kiwigold  

Live Calls

oops did not mean to duplicate note -- sorry

moneyline
689
moneyline  

Hi, since there's been questions about the varied Forex market conditions, here's a chart

that compares them.

moneyline