Dave1, look at this site for correlations:

http://www.mataf.net/en/analysis-correlation.htm

Well folks - I'm out for the week.

Today was crazy!

have a great weekend !!!!

Why can't CatFx50 be used for USD/JPY.I used it successfulyy today with gain of more than 40 pips.What is the reason.

hi eric79,

we had upcomming news today that the swedish reserve bank will lower their $-reserves (=> 1. big move this morning). Afterwards this afternoon other news came up that the russian fincance minister will also lower his (not his own ) $-reserves.
This is normally no single issue => Therefore other european and asian countries will do the same in the near future.

mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

Dave1, here 2 charts of Euro and Swissy.

On both charts 50Ema is above 120 EMA -> uptrend, so something is wrong at the moment or still unclear,
because the two pairs have a correlation to each other -> if Euro goes up, Swissy goes down and opposite.

Hope this helps, to understand what Nina meant.

Attached Images

	Euro.gif (37.4 KB, 133 views)
	Swissy.gif (10.7 KB, 115 views)

EURUSD:
11:00 cet: Long level 1 @1.2325, made a high @1.2344 (>11:30 cet) => +19 maximum favourable excursion (ex spread)
15:00 cet: Long level 1 @1.2328, made a low meanwhile @1.2308, afterwards a high @1.2358 (17:00 cet) => +30 maximum favourable excursion (ex spread)

USDGBP:
10:30 cet: Long level 1 @1.7811, current high @1.7824 (>11:30 cet) => +13 maximum favourable excursion (ex spread) - We cannot count that quiet conscience as a profit _:1:_
13:30 cet: Short level 1 @1.7785, made a low meanwhile @1.7778, afterwards stopped out via countersignal long during candle latest above ema50 >1.7802 @(>16:30 cet) => -24 to -30 pips
17:00 cet: Long level 1 @1.7819, made a high @1.7846 (>17:00 cet) => +27 maximum favourable excursion (ex spread)

USDCHF:
13:00 cet: Long level 2 @1.2794, made a high @1.2807 => +13 maximum favourable excursion (ex spread) - We cannot count that quiet conscience as a profit _:1:_
17:00 cet: Short level 1 @1.2759, made a low @1.2724 => +35 maximum favourable excursion (ex spread) - I would count that as stopped out on entry

Very difficult day today - as Nina said this morning. (Good intention! or should I say market knowledge?)

_:1:_ The potential losses on two entries (cable 10:30 and swissy 13:00) today depend on the technique how you trail stops. They both reached not a reasonable target profit if you additionally count paid spreads. So in best cases they were stopped out on entry, but it is more probable that both ended in a loss, which should not be the maximum loss.

mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

You rember the cable chart of post #3218

Here is the same chart some hours later. I didn't moved the trend lines, they are at the same position than this afternood - they were broken indeed, but price came back again immediately - so this shows the behavior at this rangeplay day.

mibl

Attached Images

fx_006.jpg (160.7 KB, 187 views)

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

Hi das,

I`m using NEUIMEX Demo. So I am in confusion, because Harold also use NEUIMEX, I think so. What`s going on? In my charts there are Harold´s 3 indicators with the same settings. Only in the Nina StepMa I took 2000 bars, but Harold wrote, that he have done the same.

So I'm completely mystified.

I'd be very interested to go over not just what happened today - but why it happened and what was going through Nina's mind to come to that conclusion so early.

The only thing that looked very strange to me was the fact that the EUR and CHF were headed in the same direction.

Hi, reemul99!

(Thank you for the recap, Mibl!)

Reemul99, I'm a trader like you. I have said plenty of times that I like to feel the market. I like synchronism. What does it mean, that we should not trade when EMA50 are above/below EMA120 at the same time on EURUSD/USDCHF? No, it doesn't.

For me, when price is below EMA50, we are bearish and when it is above, we are bullish. If then, EMA50 is below/above EMA120, the better.

But look at EURUSD chart from yesterday 16:30cet bar and today at 01:30cet bar and 08:30cet bar. Do you see those lows and where bars closed?

Big, big money was there, fighting back.

Do the same with USDCHF, you see spikes up at the same time. When I see this, I do not like to trade if I do not see a big, big rush and protecting always my capital.

And today is Friday, no news and G7 meeting in Washington.

Nina