I finally managed to finish reading the whole thread today. Thanks to nina and others who contributed..it's been great following this thread, so much useful knowledge & info to absorb
Hope you guys can help me with just a couple of technical questions.
Firstly, which datafeed should be used for CatFX50 signals for now? Alpari or Neuimex?
From my understanding, for a long period of this thread, Neuimex seems to be the one consistenly used for signal recaps until the their datafeed went funny (according to posts few months back I believe) and if I'm not mistaken, nina then used Alpari datafeed for his last recaps toward the end of the thread. So does it mean, it is recommended to use the Alpari datafeed now to get the signals? Just want to make sure i'm using the same current 'language' when signal is being discussed in this thread.
Secondly, regarding the trade execution, my real account is with Oanda, so my question is, when I get the signal from the mt4 demo account, let's say a level 1 buy, do I just switch to Oanda platform and place the order to buy straight away on the open of the next bar despite the price difference from Oanda and the mt4 demo account? Is that how you guys do it?
Sorry for the lengthy post and have a nice trading day.
About cable: Pivot at 1,9634.
We need it above and holding 1,9636-21. While below, it is set to go to 1,9590 - 1,9569 - 1,9548 - 1,9536 and 1,9503 - 1,9460 - 1,9448 - 1,9420 - 1,9400 - 1,9389 - 1,9316.
If it breaks 1,9621-36 and holds, next should be 1,9636 - 1,9680 - 1,9706 - 1,9753 - 1,9800 - 1,9830.
About GBPJPY: Pivot at 236,71
It needs to hold above 236,27. If it does so, next should be 236,71 - 236,98 - 237,08 - 237,26 - 237,51 - 237,73 - 238,05 - 238,50.
If it breaks and holds below 236,27, next should be 236,11 - 235,90 - 235,35 - 234,95 - 234,60 - 234,10 - 234,04 - 233,82 - 233,74 - 233,52 - 233,21.
High so far on GBPJPY: 237,35.
High so far on GBPUSD: 1,9654.
You may think I like the market today. I do not.
Look at the 30 minutes candle on GBPUSD and GBPJPY right now. (08:48cet)
Take care, we have no direction yet.
When do you sleep? Thank you for all of your guidance it is very appreciated. I am hoping cable continues its path down as I sold at 622 but we will see.
I was waiting for NZDUSD. Made 40 pips on it (news trade).
Hope you have closed your trade on cable. That 1,9621 is important as you've seen. So now, as long as we keep above it and, of course, above 1,9590, its way is up. News at 10:30cet will tell.
Yes I closed last night for a couple of pips. I watched the nzd news last night didn't play it-still learning. Nice move down!!!!
Still not sure about cable going up I would like to see usdchf drop below 475 and hold. What are your thoughts about that am I looking at that correctly.
You are right about gbpjpy she's a beast alright-maybe just demo account untill I get good at it!!!!
I do not want to be in this market right now. If I miss a trade, I miss it. No problem. It is better a miss than a loss.
USDCHF needs to hold below 1,2440 and now must break too 1,2416.
In order to go up, it needs to break 1,2497 to go to 1,2527. If it does that and then holds above 1,2495, we'll see eurusd losing 1,2900.
We are waiting for BOJ.
Lets see what they do, but there is a trade of more than 100 pips.
Market is waiting for BOJ. I think. At 14:30cet we have US news.
GBPJPY is a monster. Right. If cable goes up now, you will see it at above 237,08 again.
Here you are again: GBPJPY at 237,08 bid.
Lets see now what happens, cause they are selling cable at 1,9660-70 so far.
Cable is trading at 1,9662 now. I'd like to see it at 1,9679 now. Said I WOULD.
It is important, mates, to learn when not to trade. Today is a non-trading day so far if you did not buy cable at 1,9622 (07:00cet bar). And GBPJPY at 236,72.
I dont know but i think the yen has priced the movements for a non rate hike with mixed talk this morning if comparing to last week only time will see, I call japan longterm rate up to at least 3 the top back to 2001 but what the currency chart will do will be exiting good luck all and take care.
If it breaks 1,9621-36 and holds, next should be 1,9636 - 1,9680 - 1,9706- 1,9753 - 1,9800 - 1,9830.
It needs to hold above 236,27. If it does so, next should be 236,71 - 236,98 - 237,08 - 237,26 - 237,51 - 237,73- 238,05 - 238,50.
Ok, GBPJPY is holding above 236,27 and it has made a high so far at 237,72.
Cable is holding above 1,9621 and it has made a high so far at 1,9718.