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Originally Posted by Nomi929
Hi Nina,
Thanks for answering my question before.
I enter three trades today in demo account and all are Profitable.
I also have T_S_R Daily Range Calculator attached to my chart.
Once i enters a trade in european session at about 08:00. e.g USD/CHF , once it reaches 1.2540 this Indicator show Room UP= 0 . I enter short trade here and get positive trade. What i want to know is this a good trade oppurtunity after original CatFX50 Trade entry .
Waiting for reply.
Regards,
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Hi, Nomi929!!
T_S_R Daily Range Calculator does not give any signal. It only tells you the daily range of the pair. When it says "0", lets say up, it means that the pair has already achieved its daily range, so it is very dangerous to take a CatFX50 long signal. You could sell it, of course, but this is out of CatFX50 system. USDCHF went up to 1,2568 after that "0" at 1,2540 and then went down to 1,2483. But it could have kept consolidating at the highs.
Yesterday, cable went 60 pips below "0". When the trend is very strong, daily ranges break.
Nina