CatFx50 - page 518
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correction on recap from yesterday
As Nina mentioned before I had missed two level 4 trades from last morning where I was not online. Seems that I must resharpen my eyes to recognized all levels.
EURUSD:
>08:00cet: Level 4 short @1.2570 => made a low @1.2557 (>9:00cet) => this had to be closed latest in the area 1.2596 (ema overstepping) with a loss because the min of 15 pips was not reached => -26 to -34 pips**
13:00cet: Level 2 short @1.2582 => made a low @1.2546 (>14:30cet) => +36 pips**
16:30cet: Level 2 short @1.2577 => current low @1.2361
USDCHF:11:00cet: Level 2 long @1.2335 => made a high @1.2353 (>11:30cet) => +18 pips**
13:00cet: Level 2 long @1.2334 => made a high @1.2370 (>14:30cet) => +36 pips**
16:30cet: Level 2 long @1.2344 => current high @1.2363
GBPUSD:>8:00cet: Level 4 short @1.8396 => made a low @1.8383 (>8:30cet) =>
this had to be closed latest in the area 1.8324 with a loss because of min of 15 pips was not reached => -28 to - 34 pips**
>12:00cet: Level 1 long during the candle when overstepping filterlevel between 1.8424-36 => should be closed with a loss from 10 to 20 pips** when histo was getting red and candle stepped under ema50
>13:30cet: Level 1 short during the candle when overstepping filterlevel between 1.8410-04 => made a low @1.8364 (>14:30cet) => +40 to +46 pips**
16:30cet: Level 2 short @1.8393 => current low @ 1.8373
** remark: The pips mentioned here are the maximum favourable excursion (MFE), not realized pips in every case and there not regarding spreads.
mibl
Signals so far...
We had trend contrary signals this morning on each pair.
EURUSD >8:00cet level 1 long in the area 1.2575-80
USDCHF >8:00cet level 1 short in the area 1.2360-55
GBPUSD >8:00cet level 1 long in the area 1.8375-80
during overstepping of filter levels on histostepmastoch
mibl
Hi guibermc,
Hello, why do you include trades that happened before the new candle was open (on GBP).
Former version of catfx didn't work with filter levels. A signal was created after histo turned to the direction colour on open of a new candle. Because to avoid some false signals Nina added the filter levels +/-0.04 to histostepmastoch afterwards as additional condition. It is arising to enter the trade when the filter level is overstepped because if you wait until the candle close the trade in most cases will be even more far away from ema50 that increases the risk too. That is what I followed the last month.
Perhaps Nina could give us his oppinion to this point.
There was also a level 4 short on euro @ 1.2562. Another level 4 on gbp @ 1.8387-95, both loosers.
Yes that's right as Nina mentioned before. I attached them in the correction post
GBP 12:00, when the candle closed was 8437 and very close to ema 120, so don t think that would be a valid signal.
This is the signal I talked above and why we trade discretionary and not automatically. I (only talking for me) normally will not enter such a signal because of different contrary events like the closeness of ema120 but even more the flipping behavior in the histostepmastoch.
See here it is flipping with few small bars from red to green and red again. That indicates to me that the market is in a small consolidation and is not sure to which direction it will go. Entering here automatically on base of these conditions is dangerous and had been given us a loss, as you mentioned. I know this is easy to say afterwards but look back in the history - you will find other pot. loss situations like this with the same risky behaviour.
13:30, i have the short @ 14:00 @ 1.8395 and that if you were fast, since it was at the open of the 14:30 bar and there were news coming out.
Look at the time stamps. The signal was during candle 13:30 cet (11:30 gmt). Because of the flipping behaviour I talked above, it was better to wait for this trade for another close. I entered on 14:00cet @1.8403 short. This and the corresponding one on eur was the only ones I really traded, before I was not online.
mibl
Hi!
EURUSD has broken back up 1.2551 and it is holding above. Now it has big resistance at 1.2594 and then at 1.2637. EMA120 on EURUSD is at 1.2592 now.
USDCHF has support at 1.2306 - 1.2290 - 1.2270 - 1.2258 - 1.2225 - 1.2203 and 1.2261. While holding above 1.2203, USDCHF is st to go higher. So take care.
Look at EURGBP too today. So far, cable is stronger than EURUSD.
Nina
Hi guibermc,
Former version of catfx didn't work with filter levels. A signal was created after histo turned to the direction colour on open of a new candle. Because to avoid some false signals Nina added the filter levels +/-0.04 to histostepmastoch afterwards as additional condition. It is arising to enter the trade when the filter level is overstepped because if you wait until the candle close the trade in most cases will be even more far away from ema50 that increases the risk too. That is what I followed the last month.
Perhaps Nina could give us his oppinion to this point.
Yes that's right as Nina mentioned before. I attached them in the correction post
This is the signal I talked above and why we trade discretionary and not automatically. I (only talking for me) normally will not enter such a signal because of different contrary events like the closeness of ema120 but even more the flipping behavior in the histostepmastoch.
See here it is flipping with few small bars from red to green and red again. That indicates to me that the market is in a small consolidation and is not sure to which direction it will go. Entering here automatically on base of these conditions is dangerous and had been given us a loss, as you mentioned. I know this is easy to say afterwards but look back in the history - you will find other pot. loss situations like this with the same risky behaviour.
Look at the time stamps. The signal was during candle 13:30 cet (11:30 gmt). Because of the flipping behaviour I talked above, it was better to wait for this trade for another close. I entered on 14:00cet @1.8403 short. This and the corresponding one on eur was the only ones I really traded, before I was not online.
miblThanks, I see why we have the difference, my histo is not the same as yours, you have it cross the filter before I do, so in your charts both trades are correct, i ll have to check the version of the indicators.
And that s why you have the signal before i did now, my entry (with filter) was @ 8395 (91 bid), and you have the entry around 78, that is a big dif.
Thank you
We had trend contrary signals this morning on each pair.
EURUSD >8:00cet level 1 long in the area 1.2575-80
USDCHF >8:00cet level 1 short in the area 1.2360-55
GBPUSD >8:00cet level 1 long in the area 1.8375-80
during overstepping of filter levels on histostepmastoch
miblHi, Mibl!
With filters, we should take the trade after Hist bar is above (long) 0,04. We should wait for the close of candle using filters unless we see a big, big rush.
So, the only validated signals today so far are: level 1 long on cable at 1.8393 and level 1 short on USDCHF at 1.2345. USDCHF was more than 20 pips below EMA50. I bought only cable. I closed all my possy at +10 pips. Trading only with aNina, the entry was at 1.8374.
Nina
My CatFX50 Settings
Hello this is my settings for CATFX50
This is my CatFx50 looks like
anyone kindly to resumary mine please so i know whenever its right or not, thanks in advance.
The settings (Orderly added):
1. EMA 50
2. EMA 120
3. MaxMovingAverange_1
4. SDX-TzBreaktout
5. camarilladt7v1
6. FiboPiv_v2
no setting
7. Hist_StepMA_Stoch_KV1_EX_03
Input
Level
8. aNina_v1
OK thats all my settings.
Hi!
A confidence: I follow catFX50 and I make money. I start making experiments and looking at what others say and I lose money. Today I made a promise to myself:
Nina, you are going to follow CatFX50 today without any incursions to other systems. And I made money.
Nina
Hello this is my settings for CATFX50 OK thats all my settings.
Hi!
All you settings are right.
Good luck!
Nina
Hello, Nina.
dont we have to wait for confirmation from eur/usd (signal) to trade other pairs as well ? I think it was mentioned somewhere before and i notice this way we can avoid many false signals.
would be great to have your comments on this.
--Fet0r