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Hi!!
(16:00cet) Recap:
EURUSD, level 2 buy (08:30cet) @ 1,2708 with stop at 1,2688 or 1,2665. I did not go. If 1,2688, a loss of -20 pips.
EURUSD, level 1 sell (15:00cet) @ 1,2683 with stop at 1,2708 or at 1,2727. Has a huge support at 1,2650/60. Its Average Daily Range is 71 pips today. It has already made 51. Very dangerous. I did not sell. It has made a low so far at 1,2673.
USDCHF, level 2 sell (08:30cet) @ 1,2487 with stop at 1,2502. - 15 pips. I did not go.
USDCHF, level 1 buy (15:00cet) @ 1,2532 with stop at 1,2501. It was more than 20 pips above EMA50. Average Daily Range on swissy today is 91. It has already made 66. I did not go.
GBPUSD, level 1 sell (14:30cet) @ 1,8809 with stop at 1,8833. It was more than 20 pips below EMA50. Average Daily Range on cable today is 118 pips. It has already made 114. It has made a low at 1,8757. +52 pips.
Nina
Hi Nina,
Today heavy day.
Please explain on an example today how to use the data from TSR Daily Range Indicator.
Thank.
Hi Nina,
Today heavy day.
Please explain on an example today how to use the data from TSR Daily Range Indicator.
Thank.Hi,
It is all there. What you want me to explain?
Nina
Hi,
It is all there. What you want me to explain?
NinaFor example: CHF "Average Daily Range on today is 91. It has already made 66"
It means, what the range still small - and it risk at entry?
For example: CHF "Average Daily Range on today is 91. It has already made 66" It means, what the range still small - and it risk at entry?
Hi!
The Daily Range Indicator tells you the average daily range of a given pair and then it calculates the stop loss you should use in order to get a r/r of 3:1 according to its daily range.
So, if it says a stop loss of 8, that means there are only 24 pips left. So, if your stop is bigger than that, you should know that the trade could not give you a r/r of 3:1. You can, of course, be happy with a r/r of 2:1. It's up to you.
The indicator helps, because it tells us where the price is related to its daily average.
I said in the recap that it was almost impossible that USDCHF went up 62 pips.
Well, it has only gone up 16 pips from our entry. And don't forget that the stop loss was 31 pips. So, we risk 31 to make 16? What's that? And those 16 are not true, because this means you had closed it at the top, which I can not believe it. So, the truth here is that you know you could loss 31 pips.
Nina
Hi.
Take Template in Post #1 , and read the Doc.
Regards;realised my mistake in charting stoch...didnt put filters yet put -0.04 and 0.04 as fixed range
Hi!!!
Euro Weakens against Dollar, Mixed in Crosses after ECB Hike
Euro weakens against dollar but remains mixed in crosses after ECB raised rate by 25bps to 3.25% today and signals another hike in December. No 'vigilance' was used in today's press conference but Trichet said that rates remains accommodative, and "progressive further withdrawal of monetary accommodation" is warranted. ECB will 'closely monitor' developments. Also, when asked about market's expectation of a December hike, Trichet said he won't say anything to "correct this sentiment". This is basically same as what the majority of the market expects. Regarding the EUR/JPY, Trichet said that he'll stick with what was said in the G7 meeting in Singapore and that is, the JPY should reflect the improving fundamentals. Euro is pressured against Dollar and Yen and strengthens against Sterling and Swiss Franc.
BoE kept rate unchanged at 4.75% today. Minutes will be released on Oct 18. Sterling weakens as some traders closed long positions that's place earlier to bet on a surprise hike from BoE.
Recap of the day:
EURUSD, level 2 buy (08:30cet) @ 1,2708 with stop at 1,2688 or 1,2665. -20 pips.
EURUSD, level 1 sell (15:00cet) @ 1,2683 with stop at 1,2708 or at 1,2727. It has made a low at 1,2672. + 11 (none).
USDCHF, level 2 sell (08:30cet) @ 1,2487 with stop at 1,2502. - 15 pips.
USDCHF, level 1 buy (15:00cet) @ 1,2532 with stop at 1,2501. It was more than 20 pips above EMA50. Ithas made a high at 1,2548. + 16 pips.
GBPUSD, level 1 sell (14:30cet) @ 1,8809 with stop at 1,8833. It was more than 20 pips below EMA50. It has made a low at 1,8751. +58 pips.
Total= + 39 pips.
Note:
Everybody here knew what I thought about those signals on EURUSD and USDCHF. This old, nasty and damn range is going to kill us all.
Nina
Hi Nina, thank for an explanation and for CATFX50!
Hi!!
Signals so far (09:30cet):
GBPUSD, level 4 sell (08:30cet) @ 1,8754 with stop at 1,8788/90. It has made a low so far at 1,8727. + 27 pips.
Today is a big, big day. Take care.
Nina
Hi!!
Signals so far (09:30cet):
GBPUSD, level 4 sell (08:30cet) @ 1,8754 with stop at 1,8788/90. It has made a low so far at 1,8727. + 27 pips.
Today is a big, big day. Take care.
NinaHi Nina,
doesn't it matter if the price is more than 20 pips away from the MA in case of level4? And why wasn't there a level4 signal at Euro and Swissy, it looks for me the same. Thanks in advance,
handson