Hi Harold,

I'm not sure I understand how to interprete EMAs from TF to TF. If you plot 50, 120 and 200 EMAs on say 30, 1hr and 4 hr charts each EMA will reflect a different price level based on the number of periods it is using to calculate the EMA. For example 200EMA is 200 time periods on a 30 minute chart or 100 hrs worth of price data, whereas 200 time periods on the 1 hr chart is 200hrs of price data. So if price is close to 200EMA on 30 min TF and it's considered a support/resistance level then you say look at 200EMA on the 1 hr chart. I'm not sure how you interprete and use this information to make a decision to trade or not to trade? I'm sorry if this seems like a basic question, but I just don't get whcih EMA is more improtant in my trading decision the 30 min 200EMA or the 1hr 200EMA? If 200EMA on 30 minute chart is considered a support/resistance level why would I ignore that and look at the 200EMA on the 1hr chart? This confuses me.

Cheers,

Dave

Hi jhabash,

A very simple way to exit a trade is to use Awsome Osocillator by exiting simply when it turns colour. You can use it in any time frame and make good profits. It works differently on the different time frames eg on 5min you scalp on higher tf you would be left in for more profits. But as Harold points out exiting is highly discretionary with catfx ie s/r etc.

This is only a personal strategy and am not recommending it for catfx50 as we need to keep this system simple. SIMPLER THE BETTER.

Well Kaylaw, I'm pretty sure Nina is a female cat. Look at her picture, doesn't she look regal? Nina's owner is a guy, though.

moneyline

Hi dellan,

what you reply is the "standard rule of catfx". Regarding this you're right.

But try to look a little over the border of the system. What I tried to suggest on is not to trade blindly on the system only because of the system says it.

Try to use additional information. When a movement did already 170 pips in the 2 to 2 1/2 hours before the signal occurs (like in cable yesterday), you should weigh up very well if you will enter this trade in the same direction. After such a movement the probability of a shortterm correction of this sharp move is very high. Nevertheless it could be that the movement will bring another 50 pips, you'll never know it in advance.
=> But look back on the charts. How often does this happen?

You can win with catfx because it adapts to the market. But the market will not behave only after the rules of catfx.

Hi jhabash,

you stuck in the same hole as a lot of new traders - at what signals should I look, at what indicators, at what marks, at what news, how is the weather today ..... There is a huge amount of side signals you could watch at.

A successful trader said once to me: "If you want to find a reason why you should not enter a trade/signal, you'll find one!"

To decide at what signals should I look at and at what time - this is the biggest challenge of trading. That is no guaranty to be on the right side for every trade, but on the long run this is the only chance to survive forex. Feeling the market.

I know this may not be an answer you want to hear. Because it is full of discretion. Look at my post to dellan who said to me that all level 1 trades yesterday were risky because of a static rule of catfx. That was not what I was trying to say in my recap posting yesterday. There are other conditions we should look at - but it is very difficult to decide when to hear at it and when not - but remember: Trading is a (expensive) game with probabilities. We never know what will happen in future but we do that what gives us the best probability to win.

"If you want to find a reason why you should not enter a trade/signal, you'll find one!"

mibl

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.

See what is developping - consolidations as flags on all pairs (left to rigth eurusd, usdchf, gbpusd)
We will see what is happing the next hour when european market starts up. Will they hold or will they be broken?

mibl

Attached Images

fx_027.jpg (298.2 KB, 159 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.

Here is the CET Forex news for today:



moneyline

Hello.
I have some trading experience but am starting from scratch with FX & Metatrader.
I am struggling trying to set up indicators required for CatFX50 i.e. Hist_Step_MA_Stoch_KV1_02 and Invereind with EMA50(optional) - don't know where to find them let alone set them up!!!
This appears to be a very successful system which is just what I'm looking for at this time.
Any suggestions or advice will be appreciated.
Thanks in advance.
KJB

OK KJB, here goes:

Unpack the archive and put the files with the extension .mq4 into your indicator folder at C:\Program Files\your MT4 app\experts\indicators

Then put the one file with the extension .tpl into the templates folder at C:\Program Files\your MT4 app\templates

Close your MT4 app and then re-start it. You won't have to do any settings. All you have to do is go to the templates icon, beside the clock (on your toolbar) and choose to load the template called "nina_adv." That's it...you are done.

BTW, I don't use the IndInverse indicator and I don't know anybody that uses it anymore.

good luck!

moneyline

Attached Files

CatFX50_setup.zip (6.2 KB, 189 views)

I might be wrong, but on the 1hr tf the eur/usd looks like a cup and handle pattern forming, and with the flag sloping slightly upwards on the down trend the market could well go south. Just my opinion, nothings certain

Did we just have a level 1 short on the CHF @1.2111 ...9:30 cet

__________________
PIP or Die