after few years of watching 20 hours a day of every tick in forex you will be able to know what the day would be.yesterday we have chopy market and it did continue the trend finaly so today was expected to have bad session espetialy with no economik reports (important);nzd rate decision is tonight.
another thing to remember,lot of peaple does not trade after wensday,my expiriance tell me thursdays are verry tricky espetialy before fridays events if any.
from catfx system if i see gbpusd on one side of EMA 50 and eurusd and usdchf on another (or eurusd on the line like today) it tells me the market is or in cosolidation or it is undecided for the moment or jpy is in focus that day
there is few indicators that can worn us of choppy market but best indicator is understanding of what is going on out there,and beleve me i made mistakes also no mather of all the time spent trading past 3 years.
look higher time frames to get biger picture ,look news shedule for next days/weeks and try to put all picess together regarding market conditions and what we can expect in the future from news, it will help a lot
it is not easy
I like that:
Yes Nina like you say before ,best signal is when all 3 majors have signal in the same direction (oposit for usdchf). usdgbp often leed the move so i take second cross ,never last one because it could give less pips.
Really good job with those step indicators ,do you know how they are calculated ?I tried to read the mq4 code but lot of statements i do not understund ?
I am testing rsi filter V1 with your system,for now looks like it is good same as hist_step_ma _stoch but with less fals bars...maybe
No, I do not know. Ask it to Igorad or Kalenzo. Keep testing RSI Filter and let us know.
Lets see if we have a better market today.
So far, Asian traders may have taken a day off if we look at their ranges:
EURUSD, 22 pips.
USDCHF, 24 pips.
GBPUSD, 23 pips.
USDJPY, 29 pips.
Nice Market . Take care. EURUSD is very well bid at 1,2670-60.
At 10:30cet, we have UK Retail Sales.
GBPUSD, level 4 buy (09:00cet) @ 1,8782. It made a high so far at 1,8820. + 38 pips (10:30cet bar).
Take care. News ahead!.
Thanks for the great system
GBPUSD, level 4 buy (09:00cet) @ 1,8782. It made a high so far at 1,8800. + 18 pips.
well done NINA! i was following n trading ur system since from beginning of its development.The result was so amazing and now keep rocking.
Last trading week was really showing the power of catfx50 level and resulting hundreds of green pips to me.
thanks for ur contribution for FOREX trader
what is the blue shading on your charts, is that a time frame thing for when different markets are open or for when Cat50fx trades are relevant?
Interested to know if you dont mind?
Does anybody trade in CatFX and is available via ICQ?
Are there any Tradinggroups in Chats, or ist there just a Forum?
Jwoger did open a chatroom on Paltalk everyday, but he has not been around for a while???
I have one open now and will try to have it open all week while the forex market is open from start of Australian session Monday, thru to end of USA session Friday.
Room name is Nina Cat50fx on Paltalk.
If you want can ask instant questions there.
Where can i find the Trading room?
EURUSD, level 1 buy (13:00cet) @ 1,2713 ( more than 20 pips away from EMA50). It has made a high so far at 1,2735. + 22 pips.
USDCHF, level sell (10:00cet) @ 1,2494. It is better take below EMA120 at 1,2487. It has made a low so far at 1,2434. + 47 pips.
USDCHF, level 1 buy (15:00cet) @ 1,2508 (more than 20 pips away from EMA50). It has made a high so far at 1,2518.
GBPUSD, level 4 buy (09:00cet) @ 1,8782. It has made a high so far at 1,8888.
+ 106 pips.
Total so far= +175 pips.