isn't the 1730 candle on euro you are saying a level 4 buy, isn't that a
as bars stayed green and price broke below ema then came back above, all the time while the bars stayed green. that's what it says in the catfx
instructins anyway, pls correct me if i'm wrong
EURUSD: Level 1 buy @9:30 cet Candle. Was more than 20 pips away and the trade got stopped out.
Possible Level 4 buy @ 17:30 cet Candle @ 1.2549 Max high was 1.2604 @ 19:30 candle. Yes i know it was out of CATFX trading time. Comments welcome.
GBPUSD: Level 1 buy @9:30 was more than 20 pips away and got stopped out.
USDCHF: Level 1 Sell @9:30 @ 1.2433 Max low @ 1.2421 For +12 pips
Level 3 Sell out of trading time.
Total for today: Well that depends. Market was very choppy. It was a bad day you could say. If you stayed out of the bad trades then good for you. I'm gonna assume that you took all of the generated signals and that you were going for at least 10 pips profit.
Nope. you read wrong. I posted that for the EURUSD not cable.
yes you are right it was euro, i acutally meant euro
below is what you wrote, i looked on chart and my same question applies,
since it broke below the ema, while max bars was still green and then broke back above while max bars stayed green, from what i read in the catfx document, that is a level 2, not trying to argue here, just trying to understand catfx rules.
Also at 2549 it hadn't broke the last candles high, as i understand a level 4 has to break the previous high before it is a level 4 signal
Possible Level 4 buy @ 17:30 cet Candle @ 1.2549 Max high was 1.2604 @ 19:30 candle
The price has to close after crossing the EMA50. then open below it while hist in green. Yes the price crossed it, but it did not close. Rules say that it must close after crossing.
Level 2 Buy:
1. Price is above 50 EMA.
2. Price crosses below 50 EMA.
2. Hist_StepMA_Stoch is green.
3. Price then opens at least one bar below 50 EMA while Hist_StepMA_Stoch stays in green mode.
4. When price opens again above the 50 EMA with Hist_StepMA_Stoch validating (green), we can buy.
Thanks for that, I see what I was doing wrong now.
Thanks for you time to help me out.
No problem. Any time.
so any view on major pairs today?
I do not know what's going to happen in a few seconds, as you can imagine.
All I know so far is that there is no point to trade this market right now. They are playing with us and we should see that.
According to las data, EURUSD should go up to 1.2637 at least, but we'll see.
Cable is going up and down without any kind of reason.
USDCHF must break with strength 1.2398 and hold below it if we want $ down.
Take care, please.
You've seen what's going on. Market is very dangerous. If you wanna trade, do it with small lots or micro-lots.
There are a lot of days to trade.
There is another way to trade this market and the MARKET.
It has nothing to do with CatFX50 nor CatFX15M. It is just trading the news.
You only need to have something very important. If you do not have it: forget it.
When trading the news, you go only for 5 pips. But with 100 or 50 lots.
That is $1000 for a pip or $500.
5 pips x 1000= 5.000
5 pips x 500 = 2.500
and you are done. for the day.
With IFO for instance, you could have done that easily.
You can not do that with an account with less than $200.000. I say that because the majority of brokers do not let you place a stop less than 20 pips below you limit enter point.
So, if you are wrong and you have a rush against you of 20 pips, your loss could be -$20.000. Got the point?
Try this technic live with mini-lots and you will see what it is.