15:00cet EUR/USD 1,2539 sell (confirmed by stepma_Stoch, nina and Stepchoppy). Placed stop loss -37, closed by stoploss.


Since eur confirmed, opened same at gbp, closed at -37 as well.

The idea is catching the spike mate, The spike moved by news, news digest to produce pips
however digesting news isnt that easy. If you digest it wrongly... make ur pips sicks

Thats is far i know.

Fet0r,
As i see it , the sell signal was generated one bar earlier at 14.30 CET on both the EUR and GBP. If you took the signal right at the opening price for the EUR(which is very difficult as is) and depending on your TP , u might have made a small profit of 5-7 pips if closed right before the reversal. But i know i am speaking from hindsight, in real time you would have to be very lucky to have done that. In most cases , that would be a loss on both the pairs. Also, the buy signal on the EUR and GBP should currently be running at BE or a little loss. I haven't taken these trades , but as i see it from the charts.
Anyone is welcome to correct me if i am wrong , this is my first week with the system.

Thanks


Editing this post here:
Nina opened my eyes about the long trade. They are invalid because the signal was more than 20 pips away from the EMA50. So, i stand corrected on this post, the longs i mentioned above are invalid.

I managed to collect 27 pips on cable, I would have been in the trade for a lot longer but for my daily work.

Fet0r, I knew you were going to say that.

Can you tell me where EMA50 was when you had the signal? How many pips where there between the entry and EMA50?

Nina

Yeah Ricx, you can say that again! The odd thing is that the market doesn't always react the same, to the same news. The USA just reported higher inflation numbers than anticipated, quite higher. So the reasoning goes that another Fed interest rate increase is then good for the US dollar...right?

So what happens next? EUR/USD goes way up to find a new level! Why didn't the idea of another Fed. interest rate hike power the USD, like it's done before? I think the smart money knows this is the last hurray this year for the US dollar, and that another rate hike will get the US into an "iffy" position with the economy, could even be the last blow that will send the US into a recession.

Unless something drastic happens in Europe, I don't see the USD making a sustained recovery any time this year.

moneyline

"Adding to expected diversification in other currencies are
plans by the Gulf States to launch a single currency tied to a new currency
basket in 2010, ending the historical link to the USD."

What do you guys think?

Hi!

I did not sell EURUSD because at 14:30 bar was not possible and at 15:00 bar was more than 20 pips away from EMA50. I was ready to short it though if it would have broken 1.2529 (level 4 sell).

I bought it at 1.2605, last high and I closed it at 1.2630.
I bought cable at 1.8396 when I saw bar of hist was green and with strength.
I closed it at 1.8468.

I did not do the same with EURUSD cause it was more fastened to USDCHF and I had already taken a long on cable in a very dangerous environment.

Why did not do the same on eurusd and GBPUSD on its way down when we all see how red bar was getting longer?

Well, I sold them, but as what I did it has anything to do with catFX50, I do not want to post it.

Nina

Nina, you should still post it or at least a summary of what you did even though it's not related. At least, i am interested. Maybe PM?

Hi Nina,
I was wondering what CatFX50 Level signals were they that you made your trades with ? Just learning the system at the moment.

Thanks