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Hi!!
Pivot at: 1,9719
Our line in the sand is still there, untouched so far: 1,9590-85.
So, now, while above that level, it is set to go up. It will need to break 1,9695/9700 - 1,9715/19 - 1,9721/31- 1,9753 - 1,9777 - 1,9796 - 1,9828 - 1,9830/9 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.
First signal it could go down to 1,9590/85 is breaking 1,9644- 1,9621 - 1,9602.
Below 1,9590, next should be 1,9569 - 1,9548 - 1,9538 - 1,9505. Take care here, because if it breaks then 1,9460 it will be set to go as far as 1,9304.
High so far on GBPUSD: 1,9731.
I do not like the market.
filippok,
Great result. Is this an EA? Can you load the file here
ThanksGreetings. It is difficult to me to explain in English, and the translator translates not correctly, therefore it is better to ask the English-speaking person. It is not difficult. Success.
stoploss levels
hi nina,
towards the end of Sept 2006 onwards, your recaps for CatFX50 started to include the (possible) stoploss from signals generated. I agree that knowing where to put stoploss is one of the most important "tradework" so we know our possible risk/reward before entering a trade.
my questions to you are:
1. did you use any camarilla or fibopivot or is there any indicators to help determine those stoploss level?
2. if not, are there any general rules to find those stoploss level? (eg looking at lowest price from prev day or prev how many bars etc)?
3. if not, could you give any advice on what we can do to improve this ability to determine stoploss for signals generated by CatFX50?
thanks in advance,
bubblestar
hi nina,
towards the end of Sept 2006 onwards, your recaps for CatFX50 started to include the (possible) stoploss from signals generated. I agree that knowing where to put stoploss is one of the most important "tradework" so we know our possible risk/reward before entering a trade.
my questions to you are:
1. did you use any camarilla or fibopivot or is there any indicators to help determine those stoploss level?
2. if not, are there any general rules to find those stoploss level? (eg looking at lowest price from prev day or prev how many bars etc)?
3. if not, could you give any advice on what we can do to improve this ability to determine stoploss for signals generated by CatFX50?
thanks in advance,
bubblestarHi, Bubblestar!
To place a stop loss is something we should learn and know before taking a trade. A stop loss can not be the same in any trade. We need to look at price action first. I like to look for fractals or significant low/high or my levels.
For instance today.
EURUSD was a buy at 1,2999 (09:30cet). That signal was more than 20 pips away EMA50. 1,2440 on USDCHF was holding. Last significant low was at 1,2951, 48 pips. For me was a NO TRADE.
EURUSD was a sell at 1,2962 (19:30cet) with stop at the high of prior bar + spread: 1,2989 (27 pips). Right one with our eyes placed at 1,2951. If we wanted to wait to see if it broke 1,2951, then a sell at 1,2949 with stop at the high of the right signal bar plus spread (1,2969). It made a low so far at 1,2916.
I posted very early today that I did not like the market. We only had a good movement after our trading time.
Thanking nina
thanks nina for the advice.
I'll practice to set the stoploss from your old signal recaps. There should be plenty enough examples.
Hi!
The whole FOREX world will be looking tomorrow at the level I've been posting a long time ago: 1,9590/80.
Of course they will not be looking at that level because I have posted it. That level is there and anyone can see it.
The break of 1,9590/80 will mean, as long as it keeps below once broken, that our beloved cable has changed from bullish to bearish and that the rise from 1,9261 may have ended. So, take care mates, cause we will be set to go to the lows again. I know, I know there are more supports down there like 1,9569 - 1,9548 - 1,9538- 1,9510 - 1,9505 - 1,9483 - 1,9472 - 1,9462 - 1,9440 - 1,9434 and 1,9405.
So, first thing we need here in order to go up is to have it trading above 1,9590/80. This should be our line in the sand.
If it does so, I mean, if it keeps above 1,9590/80; the first thing it will need to do is break the pivot at 1,9663 and then 1,9695 - 1,9733 - 1,9753 - 1,9777 - 1,9796 - 1,9828 - 1,9830 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.
Now, mates, it will tell us that something big could be near if it breaks 1,9621 - 1,9602.
About GBPJPY:
Pivot at 237,65.
In order to keep going up, it needs to break 238,56 , 238,70 - 239,00 - 239,57/67 - 240,00 - 240,31 - 240,43 - 240,64 - 240,95 - 241,46.
Below 238,08, the risk is to 237,65 - 237,47 - 237,08 - 236,65 - last low 236,31. If yesterday low does not hold, next should be 236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.
While writing, GBPJPY has made a high at 239,00. Sorry, I was late.
So is 239.00 the last resistance to be broken before possible move?? UP to next point
Hi!
The whole FOREX world will be looking tomorrow at the level I've been posting a long time ago: 1,9590/80.
Of course they will not be looking at that level because I have posted it. That level is there and anyone can see it.
The break of 1,9590/80 will mean, as long as it keeps below once broken, that our beloved cable has changed from bullish to bearish and that the rise from 1,9261 may have ended. So, take care mates, cause we will be set to go to the lows again. I know, I know there are more supports down there like 1,9569 - 1,9548 - 1,9538- 1,9510 - 1,9505 - 1,9483 - 1,9472 - 1,9462 - 1,9440 - 1,9434 and 1,9405.
So, first thing we need here in order to go up is to have it trading above 1,9590/80. This should be our line in the sand.
If it does so, I mean, if it keeps above 1,9590/80; the first thing it will need to do is break the pivot at 1,9663 and then 1,9695 - 1,9733 - 1,9753 - 1,9777 - 1,9796 - 1,9828 - 1,9830 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.
Now, mates, it will tell us that something big could be near if it breaks 1,9621 - 1,9602.
About GBPJPY:
Pivot at 237,65.
In order to keep going up, it needs to break 238,56 , 238,70 - 239,00 - 239,57/67 - 240,00 - 240,31 - 240,43 - 240,64 - 240,95 - 241,46.
Below 238,08, the risk is to 237,65 - 237,47 - 237,08 - 236,65 - last low 236,31. If yesterday low does not hold, next should be 236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.
While writing, GBPJPY has made a high at 239,00. Sorry, I was late.Hi!!
Lets see what they want to do.
Cable has been rejected at 1,9681 (1,9695 level) and it has broken 1,9621 just to make a low at 1,9615 (1,9602 level).
It would be nice if USDCHF could break clearly 1,2527 and then 1,2546.
I haven't taken any signals so far today. I could wait for US news.
support/resistance or signals of indicators?
Hi!!
Greetings to all !!!
I communicate with you with the help of the software - translator... Excuse me!
Nina, many thanks for CatFX!
I have not understood - that in CatFX primarily: signals of indicators or levels of support / resistance?