CatFx50 - page 250
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
back and stopped out -35! Serves me right for not waiting a few minutes for that hourly close
Angela, can you post a screenshot of what you've done?
Nina
Angela, can you post a screenshot of what you've done? Nina
Hi Nina, screenshot attached. I took this as a level 2 signal.
Nina here is the pic of eurusd that you requested
Thank you Nina for answering my question.
eur>gbp
eur=usd
so this means
gbp<usd
is this way of thinking is ok or need to tune up more?
thank you in advance.Hi, Ted!
You like that, don't you?
Look, my friend, divide the rate at any given time of EURUSD by the rate of GBPUSD and you'll have the rate of EURGBP. Try it.
What does it mean? Arbitrage.
When EURGBP moves, one of them does the opposite of the other. That's it.
Nina
Hi Nina, screenshot attached. I took this as a level 2 signal.
Hi, Angela!
Ok, I see it now. Once at home, I'll look at my charts too and I will try to post a comment.
BTW, why did you wait to lose 35 pips when you saw step crossing up?
Anyway, Angela, a lost is a lost and should be accepted.
nina
hi Nina! I took 35 loss because I had to leave screen so left stoploss above pivot. I was not at screen when it crossed back up but not to worry - I accept the loss.
Hi Nina, screenshot attached. I took this as a level 2 signal.
Hi Angela,
in aticipation of Ninas explanation....
This entry was indeed a regular level 2 catfx50 signal (on my chart too) - but .......
You had to look at this strong support which is on the same level as fibo-S1, which was some pips below entry. This support was there since the tuesday morning - but was broken once at 10:00cet but then recovered fastly.
I was in this trade a short time too, but as I saw that there was no pressure downwards I closed it luckily with only the spread as loss. Even at such "dangerous" or more risky signals you must be able to interfere if the signal does not work as estimated.
Do not trade blindly with catfx. catfx will bring pips - but you must look at other TA too. catfx anticipates the market in a good manner but the market do not anticipate catfx! He has its own rules.
I wish us next time better trades than this one - but the day itself has had very good trading chances.
b.r. mibl
hi Nina! I took 35 loss because I had to leave screen so left stoploss above pivot. I was not at screen when it crossed back up but not to worry - I accept the loss.
Hi, Angela!
Ok, looking at my charts, all I have to say is that it was a right trade according to our main rules.
According to what the pair has been doing all day long, I'd not have taken the signal.
Why?
It is clear that it is within a consolidation period.
Maybe I'd waited for USDCHF breaking last high.
But I want to be honest with you and with myself: it is easy to say it now.
Had I taken the trade, I'd have closed much more earlier or when price crossed EMA120, at 1.2020.
Anyway, one wrong signals after many, many good ones
.
Nina
You had to look at this strong support which is on the same level as fibo-S1, which was some pips below entry. This support was there since the tuesday morning - but was broken once at 10:00cet but then recovered fastly.
b.r. miblGreat information
Myself and others are really interested in the 'Other' information/data that is looked at SO we do not trade CATFX blindly.
The point made above is a Great piece of the puzzle..we hope to learn more points like that
Thx Nina and Mibl. If i had been at screen when long signal came I would have closed out with less loss but we must expect some losses with this good system so i am not so upset:) Onward and upward!