Hi!

This thread is thirteen months old and it has more than 700k views. I can not believe it, but it is true. There are a lot of people that trade it. We all know that the signals that CatFX50 generates are strong and in the majority of cases they are positive. But no one, I think, can grab all the pips that the system gives. So we do not know how many pips we are going to make when we have a signal. All we know is that, if things turn against us, we will lose 34 pips. I do not know if you have seen that, but in some cases, price hit your stop at exactly 34 pips and then goes to where it should have gone before. 34 pips is a well known stop for those who trade against us: our beloved brokers. Sometimes, if I can do it, I take a signal and place a stop of 100 pips. The right one is in my mind: I do not want to show my cards to my broker. And that "right one" is maybe only 9 or 10 pips.

But what is worst, we can not take any signal risking 34 pips without knowing what this means, without knowing that we should make 34 at least. This is Money Management. It is mandatory in trading and in life, but is more mandatory in a system where you do not have a fixed exit strategy.

A few days ago, I said that we need to make our "homework" (tradework) before taking a signal. The first hour of trading in a market is very important. We should be very concentrated. Today I've been able to post the signal with its stop. I was already in and I thought: "maybe if someone is late, he/she could go with that ridiculous stop". But it is not going to be like this everyday. When I write, I do not trade or I can not make my "tradework".

I hope and wish you understand what I'm saying.

Nina