Gorgeous day today. As always, CatFX2 made more pips than CatFX50. CatFX2 is more aggressive.
Levels worked to the pip.
Tomorrow we have a lot of data. Take care.
while closing hourly above 236,65, its way is up to 237,30- 237,51 - 237,75 -238,03 - 238,49/53 - 238,76 - 238,85 - 239,02 - 239,34 - 239,60 - 240,00.
Breaking now 236,98 and holding below 237,30, it should give 236,65.
If it breaks 236,65, it will be set to go to 236,21 - 235,64 - 235,35.
Not bad, is it?
We had a level 1 buy on GBPUSD at 1,9514 (09:00cet) with stop at 1,9472. A stop loss of 42 pips. No way, my friends.
False signal from which system?
CatFX50. Stop was too huge.
What would you use as the recommended stops for the different pairs? They always say try to use the risk:reward ratio of 1:2, how can one actually determine whether the trade will go that direction not unless one buys on a pull back and go with the trend.
I don't have a fixed stop. The stop to be used is determined by the price action. I have my levels too, so they tell me more things. Then, we need to know the pair we are trading. I mean, we need to apply our TA on it. And of course, we should have our r/r. As said yesterday, we deal with probabilites.
Level 1 buy was at 1,9514 and the stop should've been placed at 1,9472. 42 pips. So, to have a 1:1; GBPUSD should have gone up to 1,9576.
Cable is bearish, extremely weak and my subscribers knew we have something important before 1,9576. So, I did not buy it. CatFX2 sold it at 1,9485 and I did it 10 seconds before UK data with a sell stop at 1,9487 and a ridiculous stop loss placed at 1,9502.
If inflation , like in UK, is going down from 3.0 -> 2.7 - that means GBP is not so strong currency at the moment? And this is the reason why GBP/USD go till 1.9414 ?
GBPUSD is going south since last week when BOE said what it said. And UK data is validating their view so far.
GMT+1 or GMT??
Is that time that you post them (GMT+1).6hrs different for me or just (GMT)5hrs different for me???Hi!
Subscribers will get one email around 00:00gmtand another one from 07:00gmt to 10:30gmt. Occasionally, they could get more.
I do not trade Asian session. I think the best hours to trade FOREX are from 07:00gmt to 11:00gmt and from 13:30gmt to 15:00gmt.
The main email will be the one sent around 00:00gmt.
As a souscriber to Nina service I am just amaze with the precission of his levels!!
Everyone should have a test!!
Please Nina keep your hard work!