Thread: CatFx50
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Old 12-13-2005, 09:53 PM
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Hi!!

Well, another day is almost away (CET).

As you all know, today was one of those to be trading with two safety belts on.

The system did it great again. The first signals worked out properly. StepMa Stoch as its main filter kept us in till maximum high and low of the pairs traded. To grab more or less pips is up to you.

Once EURUSD was a sell at 1.1930 (09:30gmt) with low at 1.1904, it kept cutting up and down EMA50 till FED. Only then STEPMA validated the buy. But it was out of the time this system must be traded. Beyond that, anyone should know that when a pair is stuck like EURUSD today, we'd better do something else.

USDCHF. This pair was a buy at 1.2916 (9:30CET). Made a high at 1.2964 (15:30CET). StepMa kept us in till FED. Same case, of course, than EURUSD.

GBPUSD. Cable was a sell at 1.7708 (10:00CET). Made its first low at 1.7660. Then went up to 1.7725 to drop again to a new low at 1.7651. StepMA kept us in till that low. And FED came. Same story.

When we have a cross validated by StepMa and, if you want, by Fisher, it is a very strong signal. The point is then: When do we exit?

We've seen the importance of Pivots today. And we have another TF to switch to see the "helth" of the cross.

To be continued...

Nina
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