CatFx50 - page 629
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nice trading nina!
why wasn't euro worth to buy when it reached the ema again in the morning. all indicators were green. i know it isn't good when eur and chf go in the same direction, but was there another reason?
regards
nina, I have noticed one thing. Today after crossing MA50 the following bar was drop down. MAX Moving still has not given crossing. And actually the signal has fulfilled when there was a crossing MAX Moving. I have looked back: in most cases signals level 1 work, when MAX Moving gives crossing. May be to use it as additional acknowledgement of a signal level 1?
nice trading nina!
why wasn't euro worth to buy when it reached the ema again in the morning. all indicators were green. i know it isn't good when eur and chf go in the same direction, but was there another reason?
regardsHi, Handson!
I was tempted to buy it (11:30cet) @ 1,2714 with stop at 1,2699. But it is topping at 1,2720-30 and $ is strong. Maybe with a shorter stop I could've bought it.
Nina
Nina
nina, I have noticed one thing. Today after crossing MA50 the following bar was drop down. MAX Moving still has not given crossing. And actually the signal has fulfilled when there was a crossing MAX Moving. I have looked back: in most cases signals level 1 work, when MAX Moving gives crossing. May be to use it as additional acknowledgement of a signal level 1?
Hi, Karakurt!
Well, we have MAX moving to help us, but I do not look at it much to be honest.
Nina
Hi, Handson!
I was tempted to buy it (11:30cet) @ 1,2714 with stop at 1,2699. But it is topping at 1,2720-30 and $ is strong. Maybe with a shorter stop I could've bought it.
Nina
NinaThank you, Nina. Still got one question left: Do you fit your position size to the stop you use or to this 34 pip stop I've read?
handson
Thank you, Nina. Still got one question left: Do you fit your position size to the stop you use or to this 34 pip stop I've read? handson
Hi, Handson!
I may not take a signal if:
. Stop to wide.
. Less than 2:1 r/r.
. Price is at its average daily high/low range.
About stops:
Read a few pages back, you'll find a long explanation about them. This damn 34 (fibo number) stop loss is already burned.
We should place a stop loss according to price movement and according to our risk/reward ratio.
I usually trade 3 lots and then I scale. If I feel the risk is too high, I could go with 5 minis. I like to close the first one at +15pips or I may close 1,5. It all depends on market conditions.
What I NEVER do is change the stop loss once has been placed. I do not show my real stop loss to my broker; I let him to see a fake one, lets say 50 or 100 pips, just in case.
Nina
Hi, traders!!
Signals so far 15:15cet:
USDCHF, level 1 buy at 1,2442. Stop can be placed at 1,2426 or 1,2418 or 1,2416. It has made a high so far at 1,2488. + 46 pips.
Nina
Hi!!
Congratulations to those that trade Assian session with CatFX50:
GBPUSD, level 1 sell (05:00cet) @ 1,8882. Stop at 1,8919. It has made a low so far at 1,8730. + 152 pips.
Nina
hi
thanks nina
Hi Nina,
I looked for the CatFX50 system. For my idea it can be something for the H4 chart. Do you have experience with this timeframe ?
Looks interesting for it.