Hi Harold,

This is getting to be a bit frustrating. I've asked what I think is a simple question and very few people have attempted to the answer the actual question. For those who have given me some feedback like Nina, I've asked some follow up questions ie: about juice. I'm just trying to understand what people see on their charts, like price levels, indicators and why they decide to enter a trade, in this case, the level 4 trade from this past Friday.

I'm very happy for you that you've been able to trade with this system since the begining of the year and haven't had a lossing week, I only wish I could do 50% of what you're doing.

I am here because the CatFx50 system appears to be a very good system and I hope to gain some insight from the more experienced traders. I ask questions because I am truely interested in learning more about the CatFx50 system and how people trade with the system.

Just a thank you to all who have reposnsed to my post about the level 4 trade.

Cheers,

Dave

Hi shiningstar,

EUR/USD and GBP/USD somewhat behave alike. They seem to go up and down together lots of the time. What it means is that if there is a signal on EUR/USD, it doesn't mean you should also trade GBP/USD. Trade only what you see on your monitor.

moneyline

Hi

I want to confirm. Is there was a signal at 8 CET for GBP long. since it was above 50 EMA and down bars were also green.

8:36 CET, Looks like GBP/USD possible short, could be oversold...watch out!

moneyline

Kumawat,
I am no expert on this method i am only very new, but what type of entry are you looking at here (level 1,2,3,4)
if you are thinking a level 3, it is my understanding the stoch indicator must turn back to green for it to be a signal.
maybe one of the experienced fellas can give us a heads up on it.
cheers
geoff

so cable and euro just crossed the 50ema are we looking for a level 2 buy if the histo turns back to green and reaches .04 level?

@mcsqueee: level 3, but only if - currently they have histostepMastoch in red!
Additionally look at post of moneyline 20 min. before - there the market for both looked like short - now like long - it is in a decission phase and it is not clear what is the direction.

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.

HI
wouldn't they be more like a level 3 trade if and when the stoch turns back to green.
The price did go thru the ema but it never closed on the other side.
Just a question
cheers
geoff

I think there was a signal sell on EUR/USD

i am not jumping in right now buy i just wanted to verify my understanding of the system and charts. the price is dropping now so not looking like it's gonna happen as level 2 buy!