Thread: CatFx50
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Old 09-07-2006, 01:11 PM
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nina nina is offline
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Hi, traders!!

Recap at 13:45cet:

EURUSD, level 2 buy (08:30) @ 1,2816. It made a high at 1,2829. - 34 pips.
(EMA120 was at 1,2817 and very near to EMA50. As said, when this happens, it is better to wait to take the trade above EMA120 if we do not see momentum)

EURUSD, level 1 sell (10:30cet) @ 1,2782 (reverse of the long trade; there was momentum; aNina had crossed before and histo was red in the making). The standard signal to go short was at (11:00cet) @ 1,2777, more than 20 pips away of EMA50. Lets say we sold it at yesterday's low - 1 pip at 1,2768.
It made a low at 1,2723. + 45 pips.

USDCHF, level 1 buy (11:00cet) @ 1,2378. More than 20 pips away from EMA50. It has made a high so far at 1,2441. + 63 pips.

GBPUSD, level 3 sell (10:00cet) @ 1,8815. More than 20 pips below EMA50. It has made a low so far at 1,8733. + 82 pips.

As signals were more than 20 pips away from EMA50, all of them were riskier. When we have this kind of signals, we can wait to take them at better prices, but this is up to the trader, because we can have a lot of momentum and we could lose the train. But....

As I was engaged with a lot of things not related to trading, I did not take any signal today so far.

TOTAL = + 156 pips.

Nina
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