I took a GBP/USD Buy signal on CatFX50 at 09.30 CET yesterday at price 1.9343, S/L at 1.9302 (previous bar low, according to your article of "Stop Loss and Money Management") ) but this position close in Loss at 14.25 CET. It's very unfortunate for me because after 14.30 CET till now the price go up to a high at 1.9415 ? How can we determine this stop loss exactly? Please give some guides.
You did what you should. You placed a "logic" stop. Too big for me, but you did it right. Think that price went to 1,9280, so 63 pips down!!!
When I have 15, I use to protect or I do not let price go below EMA50 again.
Till 16:00cet, yesterday was a tough day.
BTW, the entry for me was at 1,9338 (Alpari) with stop right below EMA50 at 1,9327.
alert for aNina_v1
Anybody know where can I get the aNina_v1 with alert for the green and red arrow once they appear. Thanks.
"Anybody know where can I get the aNina_v1 with alert for the green and red arrow once they appear. Thanks."
Download the zip file on the first page, it is in there.
Thanks for the reply homestudy ... but I can't find any "Alert" in that particular file. Do you have the file with the pop-up alert? If so .. can you help to post it here. Thanks.
Lets Trade The News .4 Forum link for Updates
Have Fun !
hey smooth......never in chat??...du chobo
sorry for the offtopic..
ok let them alive . How about today. Am I right with the signals?
Signals today up to 16:00 (Alpari)
level 4; 7:00 - 7:30; at 1.9428 (consolidation 5:30, 6:00, 6:30)
level 4; 8:30 - 9:00; at 1.3047 (consolidation 1:00, 1:30, 2:00)
level 2; 11:00; at 1.3031
level 2; 12:00; at 1.3031
level 1; 16:00; at 1.2999 (24 points away from ema50)
level 1; 13:00; at 1.2389
I'm not at home now. I can not look at MT4 .
But I'd like to say something about all those entries.
First thing to say: USDCHF is in long mode. We should ALWAYS know what this pair is doing. Again, ALWAYS!!!!
What was yesterday's low? Is it below it? Above it?
What is its pivot? Is it above it? Below it?
Where did they stop it yesterday? WHERE?
Second, we are trading TF30M. We are not trading TF1M. So we are not going to have all those entries as you post them.
Third, Histo has its filters.
Forth and important: what is market doing today? Does it know where it wants to go?
CatFX50 needs you. It is not a system to trade it blindly. It is not an EA.
Each of us should look at market every morning. And the first thing to do is to look at USDCHF.
Some will say: nonsense. No problem. I've been trading FOREX for more than six years now. I know that is not a waste of time to look at it. Guaranteed.