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Originally Posted by mibl
Hi Nina,
I'm writing for the first time here - not a newbee in forex - but new in following your CatFX50 (3 weeks now). As I have been following - a very good entry strategy - thanks a lot.
I am a little bit confused about the indicators or perhaps the problems are at the data provider. I did not have these CATFX50 indications yesterday - but don't no why.
You wrote yesterday morning: USDJPY buy at 117,88
I'm wondering about your entry-levels above, because I did not see a "correct" CATFX50 signal. In my chart (attached: 30M USDJPY with StepMA_Stoch and IND Inverse) the StepMA had a crossing on friday afternoon and a possible price crossing with ema50 on friday evening 21:00, no StepMA crossing on monday.
--> Is that a valid signal yet - combined with a new price crossing on monday 9:00 (and at 5:00 during "european sleeping time")?
Or do I have a fault in my chart (normally I do not trade via MT4, so I only have there a demo account at Metaquotes for evaluation of CatFX50)?
(Hardcopy hc_073 shows the an extract of 30min chart USDJPY on 13th Feb)
You wrote yesterday morning: GBPUSD, buy at 1.7425. Made a high at 1.7439. + 14 pips.
I cannot see this in my chart, because I have no crossing in StepMA with price closing above ema 50
(Hardcopy hc_074 shows the an extract of 30min chart GBPUSD on 13th Feb)
--> where is my fault?
Thanks for help
mibl
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Hi, mibl!
My trading day begins at 8:00cet.
USDJPY was a buy at 117,88 (09:00cet). Broker: Neuimex. StepMA_Stoch was in green mode since Friday, right. And since then some bars had opened below EMA50 without Step validating the cross. When this happens, we can go long when EMA50 cross and Step match again. These kind of trades are riskier though.
It happened today with USDCHF and EURUSD.
Same answer applies to cable yesterday.
Nina