CatFx50 - page 505

[moneyline]

OK,

B of E was a non-event. That leaves: 4:45am E-12 ECB Interest Rate Statement.

That's a little over a half hour from now...I hope it's worth the wait!

moneyline

[eric79]

Not a non event ..

[eric79]

Just an example for the importance of pivots. It does not look like coincidence

I use pivots with the Frankfurt timezone settings (CET) but i know others are used too.

[sovo1970]

Harold, Am I wrong to see today, catfx signal happens only once during the london open. got some pips. not too greedy since I try to learn the syst.

thanks

[harold4x]

there was level 4 in london and ny sessions today

[guibermc]

Hello, I agree with Harold, stick to the system, and you will eventually make money once you master it.

I ve been making a consistent 1.5-2 % equity increase per week over the last 2 months, max daily risk 1%, trading only euro and gbp with less than 0.5% risk per trade.

I put all VALID cat50fx signals, (level 1,2 and 4) don t even look for level 3, and use a no brainer exit strategy.

Just stick to it and watch price action, once you are confortable with it you will trade it with confidence.

And remember that losses are necessary to make money.

Regards.

[harold4x]

when you say a no brainer exit what do you mean?

[guibermc]

Close 2/5 th with 15 pips (92% success rate)

close 1/5 th with 30 pips (84%) SL of remaining 2/5 th at Break even

close 1/5 th with 45 pips (80%)

close 1/5 th with a TSL of 30 pips

they are all set at the time of entry, with limits, I only change sl after i close with 30 pips.

Regards.

[harold4x]

if you start with 5 lots and you lose 30 pips you take a beating

[Dave1]

HI maties, been scalping most of today. Certainly keeps you on the ball. All good practice, made some useful pips

Nice to see you back Harold