CatFx50 - page 505

moneyline
689
moneyline  

Hi,

I went long EUR and GBP, short CHF. I'd been watching my monitor for a couple of hours and I knew we were about to have the little rush we just did, so I setup 3 limit orders. Sweet!

moneyline

sovo1970
80
sovo1970  

you went long. but anina show short. ema 50 touch. but not cross yet....can you explain. why? thanks

kiwigold
238
kiwigold  

nice moneyline --

I caught some when it went back down

moneyline
689
moneyline  
sovo1970:
you went long. but anina show short. ema 50 touch. but not cross yet....can you explain. why? thanks

Sovo,

Like I said, what I did had nothing to do with CatFX50. I was using a breakout indicator and been watching my monitor for a few hours. Besides, many days about this time you can expect this kind of volatile action just before London opens...don't know why, but I'll be here every night waiting for it.

@ Kiwigold --> Good job buddy, I'm glad you got some pips!

moneyline

kiwigold
238
kiwigold  
moneyline:
Sovo,

Besides, many days about this time you can expect this kind of volatile action just before London opens...don't know why, but I'll be here every night waiting for it.

@ Kiwigold --> Good job buddy, I'm glad you got some pips!

moneyline

Thanks Moneyline

There is a strategy called the "Big Ben" -- that collects those pips just before London opens -- I will be here to get them too ---

Tried out some Melatonin today -- and slept well finally during day

Helps for sure

sovo1970
80
sovo1970  

Thanks Moneyline,

first of all for all your post and note: especially the 4th level....

second, at what time are you looking at the trade with the macd.

let's us in your little secret...lol

thanks..

Thanks Kiwi.

Big Ben huh...where can I go to hunt down Big Ben.....

moneyline
689
moneyline  

Kiwigold -->

Hummmm..Big Ben and Melatonin today ?

I'll have to check it out myself!

Anyway Sovo --> All I did was look for other methods I can play with when we are all waiting for CatFX50 to get near and then cross the 50 EMA line.

Go ahead and mess around with other indicators of your choice and see how they work. The thing is to experiment with them for a couple of weeks 'till you get the hang of it.

I was watching Harold one night, we had a nearly flat price action, I mean, there couldn't have been but 10 pips to the spread! Anyhow, Harold started doing a tight scalp AND getting pips!

So this is what I learned: Whatever you can do to help yourself to some more pips is time well spent, and specially on a time like this, since we are all waiting for the EMA cross.

moneyline

EDIT:

second, at what time are you looking at the trade with the macd.

I just simply watch the bb-MACD indicator and when it starts to squeeze the price dots real tight, I know a breakout is about to happen. Depending on the price action it can be real sudden. When I feel it's about ready to spit out some pips I go ahead and place limit orders for the currencies I think will move. I don't place big orders, if I get 10 pips per trade that's fine. Earlier today I stopped GBP 'cause I didn't feel it was gonna go farther, so I only made 5 pips on that one. But still, that's 5 pips in my pocket for a total of 18 since about an hour ago.

sovo1970
80
sovo1970  

Thanks, any pips help. anyway, mind if send me the macd indicator.

thanks in advance

_______

thanks moneyline.

moneyline
689
moneyline  

Sovo,

You might want to adjust your email address. They've got harvesting bots that scan the Web looking for email addresses. If anything, you might want to either delete it or not use the "at sign."

Do it like this: your email handle - at - whatever - dot - com

Believe me, you leave that addy like that and you'll start getting all kinds of spam.

moneyline

eric79
308
eric79  
sovo1970:
Thanks, any pips help.

Yeah.. 18 pips every day is more than enough. If i could do that every day i would not worry about money anymore quickly