If I have time today, I'll post Nina's levels on GBPJPY for Monday.
I would like to thank Nina for the excellent levels. It will be a big assistance to a successful trading.
very impressive work!!!!
does we need to look at this levels for the this week?
What to do?
I just wanted to get your opinion on the CatFX50 system for this past Friday 02-23-07 for the GBPUSD TF30 since there was no signal involving the HistStepMA and aNina indicators crossing back down and up - it was a continuation from Thursday's cross.
At 10:30: bearish candle breaks down into the 50EMA
the HistStepMA and aNina still buy - Do nothing
At 11:00: what would you do from this candle onward?
would you wait for candle completion at 11:00
would you enter a trade at 11:30
First of all, we had a level 4 buy (08:00cet) @ 1,9566 with stop loss at 1,9545. That signal made a high at 1,9600 (to the pip). Then we had that nasty news bar (10:30cet). It crossed down EMA50 and it made a low at 1,9536 (just 4 pips below my level), but it closed above EMA50 @ 1,9558. 11:00cet bar opened at 1,9557 and you new the key level on cable I gave 11 hours in advance in order to be bullish or bearish. So, it was a clear buy @ 1,9557 with stop loss at 1,9545 or at 1,9533.
That buy made a high at 1,9650 (2 pips shy). + 93 pips.
Thanks for your analysis Nina. I guess if one was looking for a Level 1 trade, that would never have been possible not unless one held the trade from the prior day. Like you said, other levels of trade was possible iprovided one is willing to take the riskier trades.
Monday's Pivot: 237,70
Friday's close: 237,63
Global view: Closing hourly above 236,60, the pair is set to keep going up.
It needs to hold above 237,35in order to keep going up without pain. The first thing it should do now is break 237,73and then 237,85 - 238,17 - 238,37 -238,50- 238,74 -238,85- 239,02 - 239,35 - 239,56- 240,03- 240,34 - 240,43- 240,64 - 240,95 - 241,38 - 241,47 - 241,61.
The first signal of weakness will be below 237,51 - 237,40 and 237,35.
Below 237,35 it should give 237,05- 236,75 - 236,60- 236,38 - 236,27 - 236,02 - 235,95- 235,86- 235,64 - 235,38 - 235,14 - 235,02 - 234,81 - 234,60- 234,35 - 234,17 - 233,80 - 233,74.
Take care. You know this pair is a crazy horse. Do not play with it.
GBPJPY Low, 236,29 (Nina's, 236,27).
We are talking about GBPJPY, mates.
I just pop up to say "take care". After such a big drop in Global Markets, whatever thing could happen.
I know, I know we are tempted by those movements. I trade with small money now till the dust settles down.
Sorry, I'm a very conservative trader.
CatFX50 sold GBPJPY @ 10:00cet on Monday (26.02.07) @ 236,72 with stop loss at 237,60. It made a low at 230,62 (27-02-07). + 610 pips.
Cable needs to hold above 1,9540 in order to go up.
As said, take care.
From 1,9540 to 1,9638 (Nina's, 1,9636 -pivot today-).
And free. Enjoy!