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Hi Nina! Should we trade catfx50 tomorrow, a USA holiday or not? Thanks!
Hi, Hgus490!
Ok, you've seen how it was today. Tomorrow, it could be worst. But you never know. In my case, I'll be ready to trade at 08:00cet till 12:00cet.
Nina
Hi Nina! Should we trade catfx50 tomorrow, a USA holiday or not? Thanks!
well you can trade it, but there will be very little liquidity. Of course, this all depends on the big money movers. If some london dudes deside to sell or buy in the gazillions, well then...
Nina what happened on Cable yesterday between 17-19 cet ??
Hi Nina,
I seem to have different ideas about the entry points on a level 4. I'd like to share them with you and try to see what the differences are.
We had news and we had a rush. Level 4 buy on EURUSD (16:00cet) @ 1,2798.
It made a high at 1,2822 so far.
Ok, so this one I see the high previous high being the 13:00cet candle @ 1.2808 add 1 pip for the break and you have an entry point @1.2809. The high was @1.2822 only 11 pips (-2 pip spread). Considering that it didn't hit the 15 pip target that would have been a -34 loss when the price dropped during the 17:00cet candle.
I'm not sure why we have such different entries on that one. How did you figure the 1.2798 entry?
On USDCHF, level 4 sell @ 1,2239 (16:00cet). Made a low so far @ 1,2218.
Ok, so first thing is: I didn't really see any 'consolidation' period on that one. the three candles before were moving nearly 20 pips each in high to low range. That (to me) doesn't signal consolidation.
Secondly, I'm not sure how you got the entry point @1.2239 -- the low for the Europe session at that time was the 8:30cet candle @1.2225. If that was the entry point, then it would have played out as an entry point @1.2224 - that would mean that when the pair reversed during the 16:30cet and the 17:00cet candles, it would have hit a S/L point for another -34 pips
On GBPUSD, level 4 buy @ 1,8445 (16:00cet). Made a high so far @ 1,8472
For this one, I read the high during the previous 3 candles to be @1.8441 - so, maybe you are talking about that one (and adding in the 4 pip spread?) so that you get an entry of 1.8445?
Sorry for the questions, but I really want to understand how the process works in your mind to determine the Lvl4 entries.
thanks!
AUD is directly connected with gold and CHF is more sensitiv to gold then EUR
level 1
possible level 1 coming up on cable ?
Nina what happened on Cable yesterday between 17-19 cet ??
HI!
As far as I see, we had a level 1 sell (17:30cet) at 1.8410. It made a low at 1,8384. + 26 pips.
NINA
Hi Nina,
I seem to have different ideas about the entry points on a level 4. I'd like to share them with you and try to see what the differences are.
Ok, so this one I see the high previous high being the 13:00cet candle @ 1.2808 add 1 pip for the break and you have an entry point @1.2809. The high was @1.2822 only 11 pips (-2 pip spread). Considering that it didn't hit the 15 pip target that would have been a -34 loss when the price dropped during the 17:00cet candle.
I'm not sure why we have such different entries on that one. How did you figure the 1.2798 entry?
Ok, so first thing is: I didn't really see any 'consolidation' period on that one. the three candles before were moving nearly 20 pips each in high to low range. That (to me) doesn't signal consolidation.
Secondly, I'm not sure how you got the entry point @1.2239 -- the low for the Europe session at that time was the 8:30cet candle @1.2225. If that was the entry point, then it would have played out as an entry point @1.2224 - that would mean that when the pair reversed during the 16:30cet and the 17:00cet candles, it would have hit a S/L point for another -34 pips
For this one, I read the high during the previous 3 candles to be @1.8441 - so, maybe you are talking about that one (and adding in the 4 pip spread?) so that you get an entry of 1.8445?
Sorry for the questions, but I really want to understand how the process works in your mind to determine the Lvl4 entries.
thanks!hI, Reemul99!
We had two nice level 4 buy trades yesterday:
One at 12:30 cet bat at 1,2780 or at 1,2776 for a shot to 1,2804. Then we had a nother at 1,2795 (16:00cet) for a shot to 1,2822.
At 13:00 cet the move was already done.
USDCHF, from 08:30 to 16:00 doesn't happen anything? You have 14 candle more. The las seven of those candles made a low at 1.2230. So, as we had news and we had a rush, i took that low and sold at 1.2229 for a low to 1.2217. but I could have taken 1,2243 too.
On cable, the las three bars before news had a high of 1,8444. Entry long at 1.8445 for a shot to 1,8472.
If you try to take the highest high or the lowest low of a lonf sessions before news, you could lose. You should take the hishest high or the lowest low os at least 2/3 last bars and if you are not confident add another one.
We are trying to use the news movements here.
Nina
Level 4 BUY on Cable ??
Level 4 BUY on Cable ??
No, you have a level 1 buy on cable at 1,8465 (11:00cet). Take care, market is very thin and it could be stop hunting.
Nina