Thread: CatFx50
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Old 05-09-2006, 06:44 PM
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Quote:
Originally Posted by mibl
EURUSD
>8:30cet: Level 4 short @1.2881, made a low @1.2661 (>9:00cet) => +20 pips **
15:30cet: Level 1 long @1.2725, made a current high @1.2780 (>16:30cet) => +55 pips **

GBPUSD
>8:30cet: Level 4 short @1.8546, made a low @1.8513 (>9:00cet) => +33 pips **
13:30cet: Level 1 long @1.8584, made a current high @1.8687 (>16:30cet) => +103 pips **

USDCHF
>8:00 cet: Level 4 long @1.2303, made a high @1.2319 (>9:00cet) => +16 pips **
15:00cet-15:30cet: Level 1 short @1.2271-48, latest entry could have been at open price of 15:30cet-candle @1.2241, made a current low @1.2180 (>16:30cet) => + 61 to +90 pips **
entry here depends on the personal usage of the filters aNina (cross was after close 15:30) and -0.04 (overstepping shortly after opening of the candle.

** maximum favourable excursion ex spread // not real reached pips in every case

mibl
Hi mibl,

On the usdchf 08:00 trade I used a high of 1.2299 (bid on my chart) for a recent high for breakout. If I entered at 1.2303 which would be the ask price (4 pip spread) then that would put the bid even with the reference high and not really a break above it. Am I calculating that correctly?
Also, to get the 1.2271 price did you see a cross of the indicators during the 14:30 bar and have expections of a completed cross after the bar closed. I know that the longer you use the indicators the more accurate the expections for it are. I know there are a lot of other variables involved while anticipating the formation of a trade but any insights into these indicators would be appreciated.

Thanks,

frayed
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