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Originally Posted by yesican88
Dear Nina,
I have yet to get your answer for my last posting : "How to take position if the price is above or below EMA 50 for a long time period?". In this condition, are we only count on the Hist_StepMA_Stoch & aNina_v1 signal to entry new position? For instance, as we can see, GBP/USD price has been below EMA 50 since 3th January 2007 and the Hist_StepMA_Stoch bar almost all in red. Please tell me because I have no any idea how to use CatFX50 in this conditions since it's not mentioned in Recap of CatFX50.
Another question, for instance, according to CatFX50, we have a validated Buy signal at 08.00 CET for GBP/USD and we also have an important UK's economic news to be released at 10.30 CET on that day, shall we take this Buy signal? If we take this signal, is it smart to close the position before the news released although the position still in Loss but S/L has not touched yet? What is your suggestion about CatFX50 signal on a trading day with an important news to be released? Shall we look at the the forecast/consensus of the news first then if appropriate, we take the signal?
It's my hope that I can use this CatFX50 as my guide for a profitable forex trading.
Your answers and suggestions will be highly appreciated.
Thank you !
Regards,
Pierre
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Hi!
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"How to take position if the price is above or below EMA 50 for a long time period?". In this condition, are we only count on the Hist_StepMA_Stoch & aNina_v1 signal to entry new position? For instance, as we can see, GBP/USD price has been below EMA 50 since 3th January 2007 and the Hist_StepMA_Stoch bar almost all in red.
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We trade TF30M here and this time frame is not for a "long time period". The shorter the time frame, the worst for that.
Cable was a sell on 03-01-07 (11:00cet) at 1,9702. And has been in sell mode till today at 08:00cet. You seen that histo has turned green sometimes and aNina has kept always red. We had a long on 05-01-07 at 09:00cet, but aNina kept did not cross.
Read the document and you will see that there are different signals when histo changes color.
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Another question, for instance, according to CatFX50, we have a validated Buy signal at 08.00 CET for GBP/USD and we also have an important UK's economic news to be released at 10.30 CET on that day, shall we take this Buy signal? If we take this signal, is it smart to close the position before the news released although the position still in Loss but S/L has not touched yet?
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Each day and each data is different. You can have a very good signal at 08:00cet and before news you should take care of your stop o try to lock some pips. But this is up to you.
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What is your suggestion about CatFX50 signal on a trading day with an important news to be released? Shall we look at the the forecast/consensus of the news first then if appropriate, we take the signal?
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Look, on NFP day if I do not have a good signal before the news with a nice stop, I do not take it. I look always at the stop.
Nina