CatFx50 - page 556
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Well, I think is cristal clear: you have blue and red dots: what are they, support/resistance? Nina
thats the hl next indicator
i uploaded it a few posts ago
I think what Nina is trying to say is what do the dots signify, how are they used as an indicator for trading. A heap of screenshots does not mean anything without and explanation of the indicators uses.
I think what Nina is trying to say is what do the dots signify, how are they used as an indicator for trading. A heap of screenshots does not mean anything without and explanation of the indicators uses.
The way i see it is
blue dots go long
red dot go short
thanks
Hi!
Today's Recap:
Level 4 buy on EURUSD (14:30cet) @ 1,2725. Made a high at 1,2790. +65 pips.
Level 4 sell on USDCHF (14:30cet) @ 1,2317. Made a low at 1,2240. +77 pips.
Level 4 buy on GBPUSD (14:00cet) @ 1.8369. Made a high at 1,8501. +132 pips.
TOTAL: + 274 pips.
Nina
I say this, because some guys were selling EURUSD yesterday at 1.2555 because they thought EURUSD was a sell. And EURUSD kept going up and they kept selling. Nice.
The problem of all these things is that for a newbie it will be his economic failure.
Please, do not open the door of the market thinking you will see yellow walls.
Do not listen to gurus, snake oil sellers, EW followers and all these guys.
Try to find a system that fits you, the way you are, your psychology and stick to it. CatFX50 is one of them, but there are plenty out there.
Nina,
Thank you for the post. I lost 110 pips because I thought a retracement is coming our way. You were absolutley right, It just could've happened to a newbie like me. I lost my rules and I lost my money. It was a very big/sad punishment. But a Big experince for me to continue to work and study so these things won't happen again.
Thanx again.
Best ragards,
Soheil
Nina,
Thank you for the post. I lost 110 pips because I thought a retracement is coming our way. You were absolutley right, It just could've happened to a newbie like me. I lost my rules and I lost my money. It was a very big/sad punishment. But a Big experince for me to continue to work and study so these things won't happen again.
Thanx again.
Best ragards,
SoheilHi, Soheilkhan!!
I'm really sorry for your lost. We all "think and wish": we are human beings.
We'll have a retrace, Soheilkhan, but this was not the day yet. Cable has gone up 410 pips from yesterday without a retrace. Well, it had one today from 1,8365 to 1,8300 (hourly). With simple and easy TA, you could have bought it at 1,8366 (hourly) for a shot first to 1,8405 and then to 1,8500.
Soheilkhan, trade what you see, please, and do not wish. I've learned with a lot of pain what I'm saying.
And do not listen to snake oil sellers.
Nina
Hi!
Today's Recap:
Level 4 buy on EURUSD (14:30cet) @ 1,2725. Made a high at 1,2790. +65 pips.
Level 4 sell on USDCHF (14:30cet) @ 1,2317. Made a low at 1,2240. +77 pips.
Level 4 buy on GBPUSD (14:00cet) @ 1.8369. Made a high at 1,8501. +132 pips.
TOTAL: + 274 pips.
NinaSorry for not doing a recap yesterday. I was busy. And i was just going to do todays recap. oh well. Thanks nina.
Hi!
Today's Recap:
Level 4 buy on EURUSD (14:30cet) @ 1,2725. Made a high at 1,2790. +65 pips.
Level 4 sell on USDCHF (14:30cet) @ 1,2317. Made a low at 1,2240. +77 pips.
Level 4 buy on GBPUSD (14:00cet) @ 1.8369. Made a high at 1,8501. +132 pips.
TOTAL: + 274 pips.
NinaCouple of revisions:
because you cant know that the level 4 candle will break the previous high/low until it actually does the break, the entry points should be revised as follows:
Level 4 buy on EURUSD (14:30cet) @ 1,2733 (previous high +1 pip). Made a high at 1,2790. +55 pips (including -2 pip spread).
Level 4 sell on USDCHF (14:30cet) @ 1,2301 (previous high +1 pip). Made a low at 1,2240. +57 pips (including -4 pip spread).
Level 4 buy on GBPUSD (14:00cet) @ 1.8366 (previous high +1 pip). Made a high at 1,8501. +132 pips (including -3 pip spread) (** I show a high of 1.8494 - but InterbankFX is having technical issues).
Total: + 244 (still damn good
)
Couple of revisions:
because you cant know that the level 4 candle will break the previous high/low until it actually does the break, the entry points should be revised as follows:
Level 4 buy on EURUSD (14:30cet) @ 1,2733 (previous high +1 pip). Made a high at 1,2790. +55 pips (including -2 pip spread).
Level 4 sell on USDCHF (14:30cet) @ 1,2301 (previous high +1 pip). Made a low at 1,2240. +57 pips (including -4 pip spread).
Level 4 buy on GBPUSD (14:00cet) @ 1.8366 (previous high +1 pip). Made a high at 1,8501. +132 pips (including -3 pip spread) (** I show a high of 1.8494 - but InterbankFX is having technical issues).
Total: + 244 (still damn goodHi, Remul99!!
To take a level 4 trade we need 2 or 3 bars at least with the same or slightish the same low/high. The more bars, though, the better and with our beloved strength.
EURUSD, you have a high at 1,2733 (07:30cet) and since then you have a consolidation period of 13 bars, that is 6 hours and 30 minutes. During all that time, the maximum high is 1,2724 (09:30cet). From there you have 9 bars. The maximum high of those 9 bars is 1,2720 (12:00cet).
At 14:30cet bar is when we have the break out with strength. We could've gone long with an entry limit buy at 1.2721 (news time), but as the 14cet bar closed at 1.2718, I decided to give more room and took the other consolidation high: 1,2724 + 1 = 1,2725. We have a difference of 8 pips. My way it could be riskier because the last highest high was 1,2733 (07:30bar) and EURUSD could have topped there. But as I close always some when I have 15 pips, those 8 are important for me.
Let me say it with other words: lets imagine that the highest high was 1.2753at 07:30cet. I think you wouldn't have waited.
The key here, Remul99, is the strength, the rush, the money. We had money at 14:30cet and all the last highs were smashed.
I can say the same on USDCHF, but with an important think to stress: from where I said we had a level 4 buy to where you say (the lowest low) there are 16 pips.
I only traded cable today. EURGBP gave me the clue. As I was full loaded, I had to monitor second by second my trade. I made only +149 pips.
Nina
EURGBP gave me the clue
Hi Nina
What was that ?