Yep, 1.2725 on eur/usd is support level and price may bounce of that. Have to wait and see. It looks like we have an impulsive wave, if it crashes thro the above level we may well see price going to major support at 1.2690

when i put 5 on pivot indicator that give me calculation from midnight to midnight est so it doesnt matter where you live that will be the calculation for the chart remember pivot points are not a science but and art

HI,

I have looked for and cannot find a visual or audio alarm for the StepSt0_v1
indicator.

If anyone can direct me to it if it exists I would appreciate it.


Thank you,

Leighton

I took the level4 short at about 1.8582 in GBPUSD and exit for about +8 now. But only paper.

Level1 signals coming up, probably. It's late in the day, but a really big move. This is not an advice to trade, so decide for yourself..

Hi!

I may be damn wrong. If you take those validated level 1 trades, as we've had already a big move, do not go full loaded.

Or do not take the three. Take care. USDCHF has strong support at 1.2161.
Then we have our 1.2842 on EURUSD and 1.8700 on cable.

Or wait for a retrace if it is the case. All of them, except cable are more than 20 pips from EMA50.

Take care.

Nina

Yeah Eric, I didn't take any of the signals. The spike appears to be going into consolidation. I'll wait 'till later.

moneyline

I have posted the CatFx50 Trader Guidelines. This is my first attempt at outlining the CatFx50 trading system so you may find some mistakes. Both Nina and Harold have reviewed the document and have given it the "thumbs up".

As a newbie to this thread I had alot of questions about the system. I wrote this document with the new traders in mind and I hope these guidelines will answer your basic chart set up questions, as well as, provide acturate descriptions of the four trading signals.

Please keep in mind this is a work "in progress" and I plan on adding more detail as time permits.

I just wanted to say a special "Thank You" to Nina for a great system.

Attached Files

CatFx50 Trading Guide Lines 290506.doc (240.0 KB, 340 views)

Noticed how it bounced of the 120ema. Now retracing at the 38% fibo on the 1hr and 4hr charts

Hi Downunderdave,

Looks good, good job and thanks!

moneyline