CatFx50 - page 549

deepdrunk
416
deepdrunk  

Nina for that you need really good and fast news service like bloomberg feed

that is the only way to trade forex profitable,everything else is waist of time and money

systems,money management..indicators....bunch of shit for 95 % of traders

nina
2768
nina  
deepdrunk:
Nina for that you need really good and fast news service like bloomberg feed

that is the only way to trade forex profitable,everything else is waist of time and money

systems,money management..indicators....bunch of shit for 95 % of traders

Right. You need a good news feed like Bloomberg. But just make a test on demo when we have important news (red folder on ¨Forexfactory", for instance). You even do not need a news feed. Of course it is better to have one, but when the news is out, in one second you are more than 10 pips up or down to be conservative. Do a test.

And you are right too, when you say all the rest is not needed. There are a lot of people that only trade one day per month. Do you guess which is that day?

Nina

PS: But, anyway, this is not CatFX50.

deepdrunk
416
deepdrunk  

don't even think about NFP lol

problem with news trading is speculativ play before the news....but like you say it is not for this thread

jwoger
180
jwoger  
deepdrunk:
don't even think about NFP lol problem with news trading is speculativ play before the news....but like you say it is not for this thread

i plan on making lots of pips with the next nfp

Fet0r
47
Fet0r  

Hello, everyone!

Tricky NFP release reaction was at 07.04.06 when price jumped one direction (up) for 37 points and then fall for another 120 pips.

jwoger:
i plan on making lots of pips with the next nfp

Btw was it clear level 1 long signal on eur/usd at 15:00 (14:30 close bar) ?

According to my understanding of the system, it was clear signal tho no signal on cable and swiss yet. We have important news out in 20 mins, thinking of placing stop loss tighter then standard (-37). On other side we might have bounce like we had yesterday. What are you thoughts, mates?

With respect,

--Fet0r

jwoger
180
jwoger  
Fet0r:
Hello, everyone!

Tricky NFP release reaction was at 07.04.06 when price jumped one direction (up) for 37 points and then fall for another 120 pips.

Btw was it clear level 1 long signal on eur/usd at 15:00 (14:30 close bar) ?

According to my understanding of the system, it was clear signal tho no signal on cable and swiss yet. We have important news out in 20 mins, thinking of placing stop loss tighter then standard (-37). On other side we might have bounce like we had yesterday. What are you thoughts, mates?

With respect,

--Fet0r

Definately Level 1 though close to news and not much push.

nina
2768
nina  
Fet0r:
Hello, everyone!

Tricky NFP release reaction was at 07.04.06 when price jumped one direction (up) for 37 points and then fall for another 120 pips.

Btw was it clear level 1 long signal on eur/usd at 15:00 (14:30 close bar) ?

According to my understanding of the system, it was clear signal tho no signal on cable and swiss yet. We have important news out in 20 mins, thinking of placing stop loss tighter then standard (-37). On other side we might have bounce like we had yesterday. What are you thoughts, mates?

With respect,

--Fet0r

Level 1 buy on eurusd was at 1,2592 (15:00cet). Made a high so far at 1.2602.

As you say, we have in 15M US data. Protect. I do not like this market so far.

We have no direction and they can take us up or down without any thinking.

Take care.

Nina

Fet0r
47
Fet0r  

Alright, thanks for sharing your thoughts.

I will stay open with tight stop loss, I think risk for breaking higher is pretty high. I would have to place level 4 breakout order at 2621 anyways, so I prefer to stay at current position and being ready for small stop loss.

With respect,

--Fet0r

nina
2768
nina  
Fet0r:
Alright, thanks for sharing your thoughts.

I will stay open with tight stop loss, I think risk for breaking higher is pretty high. I would have to place level 4 breakout order at 2621 anyways, so I prefer to stay at current position and being ready for small stop loss.

With respect,

--Fet0r

We have two kind of data:

Consumer Confidence and Home sales.

One of them could call a short and one of them could call a long.......

Dangerous.

Good luck.

Nina

Fet0r
47
Fet0r  

I think news that Iran rejected negotiations with USA outcome any economical data today, Im still on long but with standard stop loss (-37) now after release.

I agree it is dangerous position specially after slightly better then expected news release, but I would stick to standard rules in this situation.

P.S. - hows going beta testing with catfx15 so far?

Thank you, with respect,

--Fet0r.

nina:
We have two kind of data:

Consumer Confidence and Home sales.

One of them could call a short and one of them could call a long.......

Dangerous.

Good luck.

Nina