GBPUSD, level 4 buy (08:30cet) @ 1,9009. It made a high so far @ 1,9028.
Be extremely cautious. We are within a deadly range on majors. This week it should break.
I'm having some losing trades those days. I do not trade full loaded, but a lost is a lost.
Why do I lose?
If it is a bad catfx50 signal is understandable. I'm not talking about those trades.
I'm talking about not following the system and about market juncture and about time of the year.
There are systems that work out there. It is not difficult to find one. But the problem is not the system, but US as traders.
We are stuck in a deadly range: we go up and we go down. We break for a few pips and then we have a reversal. I'm sure brokers make a lot of money nowadays: a lot. In my country we say "make the August" when we want to mean we have luck or we make money. So, brokers "make their August".
We could have a nice breakout in a few minutes if you want, but maybe, when you see it, you will not trust what you see cause you've lost some money before. You can make it too, but all the trades are riskier because we are facing a thin, very thin market.
It is the first time for me that I trade in August. I think it will be the last.
never said it before but better later then never; thanks a lot for your system and for your 'thoughts'. I am following this thread since it was 15-20 pages long, now it is like a drug for me ...when you sharing your thoughts I feel myself more experienced and more confident. I am still "green" novice trader and can not contribute much but some day I hope I will be of more help to traders community.
hope it was not too emotional
(sorry, i couldn't resist..)
Pls, can anyone tell me, do you have some issues with neuimex platform? Mine goes very very slow since yesterday!
Thanks a lot!
I'll always be a "green" novice too, Cheiser. I'm not a seller, that's why I try to speak loud and clear. And, trust me, I could be making more money now "selling" than trading.
It happens to me sometimes if I have it loaded with a lot of indicators that suck a lot.
Besides that, you know they had an issue with USDCHF chart that they did not solve. We did it deleting that wrong bar.
Another day, the last of August!!!!
It comes full of news. Take care. A big breakout should be near.
Till now, EURUSD and GBPUSD have made new highs. USDCHF has made the opposite.
We had so far a level 4 buy on EURUSD (09:00cet) @ 1,2846 for a shot to 1,2863 so far. +17 pips.
A level 4 buy on GBPUSD (08:00cet) @ 1,9056 for a shot to 1,9086. +30 pips.
A level 4 sell on USDCHF (08:30cet) @ 1,2265 for a shot to 1,2249. +16 pips.
That short on swissy could've been @ 1,2271, but lets be conservatives here.
I'm still thinking what I said on post 5982.
Hello nina and all traders following catfx50
Eur/Usd - Long L2 (8.30) @ 1,2829 made a high of 1,2863 so far
Usd/Chf - Short L2 (8.30) @ 1,2275 made a Low of 1,2249 (data with the spike)
Gbp/Usd - no signals so far
i'm new in trading, and i've just been learning trading catfx50. Please, correct me if i'm wrong!!!!!
Happy trading to all