New CatFX50 trader
Did my first trade using CatFX50 today and it was successful
Why has this thread got so quiet all of a sudden though?
Soon, maybe this week, this thread is going to have 1.000.000 views. It is incredible, but it is.
People, Demontaz, jump from here to there; from tool to tool.
CatFX50 has given birth to other threads too. I feel happy for that. It has been translated into whatever language you can imagine. And EMA50 is used now for more traders.
As long as it can help traders, I'll keep posting.
But I've learnt a lot of things too.
CatFX50 has tought me to look at price action and something that I think is basic: when not to trade.
Well I can relate to jumping from tool to tool and in the end I just lost money in different ways
I am still trying to find my style that keeps me focused on what is happening and still can still walk away at the end of the trading day with a positive result. I have tried longer term trading but to be honest I get bored. I like the hustle and bustle of day trading and being in the thick of things.
Hope I have more good days like today though, it is always confidence boosting
GBP and CAD were the pairs to trade today.
What made them move?
A Elliot Wave count?
A Forex system?
Fundamentals move Currencies. When there are not fundamentals, Market Makers move rates and we all get killed.
Day Trading makes lose 9 out of 10 traders. We should have a daily goal. When reached, we should do something else.
FOMC. Thanks, Ben Bernanke!
Lets make some cash.
Month of March is ending. April is almost here.
People that could not subscribe to my service can it do it now.
Price is €53.
6 ridiculous pips with a standard lot. You should be able to make much, much more just following my signals.
Send me a Private Message.
Commentaries sent to my subscribers last Thursday at 23:05cet:
EURUSD needs to keep holding above 1,3310 now to keep going up in a safe manner. If it does so, next should be (....)
First signal of weakness, breaking 1,3310 . (You should take into account that the strong support is still at xxxxxx).
Cable should hold now above 1,9610 - 1,9600 in order to keep going up safely. If it does so, next should be xxxxx
First signal of weakness, below 1,9610 - 1,9600
The first thing it needs to do now is hold above 1,2118 and then break xxxx
First signal of weakness, a clear break of 1,2118.
Upwards : USDJPY
The first thing it needs to do now is hold above 118,00 . If it does so, next should be 118,20 - 118,30/33 - xxxxxx
In sell mode below 117,87 .
If it breaks 117,87 and keeps always trading below 118,33, it should give 117,79 - 117,69 - 117,52 - 117,30 - xxxxx
Upwards : GBPJPY
The first thing it needs to do now is hold above 231,80
If it does so, next should be xxxxx
The first signal of weakness will be below 231,80.
Below 231,80, we have 231,68 - 231,56 - 231,47 - xxxxx
My analysis are not the Holy Grail. But I think that if you rely on your own system and take into account what I say plus my levels your results should improve.
Technical Analysis is only a tool. There is much more on a chart to look at. And do not forget that FOREX is driven by fundis mainly.
Look at how forex moves when we have sensitive data.
I recommend you to read this article: