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i dont know how to attach charts, but if you put up the histogram you´ll easily see the entries, i wonder also if kalenzo could post the exits of today´s trades using the fibo levels, and do you use 3 lots too kalenzo?
cable short at 1.7372 a little bit far from 50ema
euro short at 1.1901
and swiss long at 1.3078,
all of them went fine, although in euro and swiss it made a retracement before running, that was tough to handle.
I am scaling my 3 lots at the 3 fibo levels, but it happened like yesterday in cable, after winning 10 pips it returned, i was about to close it when it returned, nina do you have any suggestion on how to handle this situation?
In this case the things turned fine but i wonder what would have happened if the trade had hit my sl with 3 lots, any idea of how i can reduce my risk?
Hi, mate!
Cami, first thing: if you trade 3 standard lots, your account should be above 25k.
Second, must have faith, mate. Your 3 lots make you be "nervous". Trade minis. 10 minis of 10k. Practice.
Third, s/l of 34 or a full validated entry against initial position and then reverse.
I tried to work with the CatFX50 but after re-reading many of the postings I am really confused about the rules and about the system itself. Many programmers have added something to the system and therefore I would be very thankful if someone could attach the latest current indicators (system) and rules for the CatFX50.
Then I can be sure to use the correct system with the correct (entry/exit)-rules and not to mix older with new stuff.
i dont know how to attach charts, but if you put up the histogram you´ll easily see the entries, i wonder also if kalenzo could post the exits of today´s trades using the fibo levels, and do you use 3 lots too kalenzo?
Hi cami,
try the button "Manage Attachments" down at the bottom or the button with the paper-clip in symbols above in edit mode. In the afternoon I had problems too in attaching charts - but now it goes again and is rellay very easy.
Now I attached the histogam indicator but the original indicator StepMA_Stoch did not give a signal (no cross) at my chart. Perhaps the wrong indicator or impure price data ?!?
thanks a lot for all your recommendations i will apply them, the account is bigger than 25k so 3 lots are easy to use, my nervousness is indeed when i use the 3 lots and do not hit at least the first level so i cannot cover my sl, because one loss means 90 pips even using it in mini is the same situation, by scaling sometimes i dont get those 90 pips in one trade, sometimes i do, but a loss hurts, lol.
thanks again my dear nina i appreciatte everything you post.
USDCHF, long at 1.3070 (11:00cet). Made a high at 1.3136. (R3 at 1.3130).
+ 66pips.
EURUSD, short at 1.1907 (11:30cet). Made a low at 1.1860. (S3 at 1.1857).
+47 pips.
GBPUSD, long at 1.7421 (07:00cet). Made a high at 1.7444. +23 pips. As I say from 8:00cet to 18/19cet. Then, long at 1.7435 (08:00cet). Made a high at 1.7437. Closed and reverse at 1.7417. -18 pips.
GBPUSD, short at 1.7417 (10:30cet). Made a low at 1.7281. (S3 at 1.7329)
+ 136. (very difficult to get that 1.7417. It was news time.)
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
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.
Linear Mode
