Thread: CatFx50
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Old 09-29-2006, 07:56 PM
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nina nina is offline
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Hi!!

At 17:30 we had 2 signals more:

USDCHF, level 1 sell at 1,2491. It made a low at 1,2483. Stop should have been placed at 1,2541 at least, so that is a 58 pips stop!!!. No way. You could have posted it just above EMA50 at 1,2500. If you did so, a lost of 9 pips.

But lets think a little bit: when we got the signal, USDCHF had dropped 75 pips. Swissy daily range is 83 pips and it was 17:30cet. We shouldn't have taken that signal.

EURUSD, level 1 buy at 1,2703. It made a high at 1,2708. Stop should've been placed at least at 1,2664. A 44 pips stop loss!!! No way. You could have placed it below EMA50 at 1,2684. A lost of 19 pips. Or just below pivot at 1,2699. A lost of 4 pips.
Daily range on eurusd is 68 pips and from the low at 1,2638 to our signal it had gone up 65 pips. Do we want to take that signal?

Do not ask this to an EA because it will not answer you.

Nina
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