Hi!

There is another way to trade this market and the MARKET.

It has nothing to do with CatFX50 nor CatFX15M. It is just trading the news.

You only need to have something very important. If you do not have it: forget it.

When trading the news, you go only for 5 pips. But with 100 or 50 lots.

That is $1000 for a pip or $500.

5 pips x 1000= 5.000
5 pips x 500 = 2.500

and you are done. for the day.

With IFO for instance, you could have done that easily.

You can not do that with an account with less than $200.000. I say that because the majority of brokers do not let you place a stop less than 20 pips below you limit enter point.

So, if you are wrong and you have a rush against you of 20 pips, your loss could be -$20.000. Got the point?

Try this technic live with mini-lots and you will see what it is.

Nina

Nina for that you need really good and fast news service like bloomberg feed
that is the only way to trade forex profitable,everything else is waist of time and money
systems,money management..indicators....bunch of shit for 95 % of traders

Right. You need a good news feed like Bloomberg. But just make a test on demo when we have important news (red folder on ¨Forexfactory", for instance). You even do not need a news feed. Of course it is better to have one, but when the news is out, in one second you are more than 10 pips up or down to be conservative. Do a test.

And you are right too, when you say all the rest is not needed. There are a lot of people that only trade one day per month. Do you guess which is that day?

Nina

PS: But, anyway, this is not CatFX50.

don't even think about NFP lol
problem with news trading is speculativ play before the news....but like you say it is not for this thread

i plan on making lots of pips with the next nfp

Hello, everyone!

Tricky NFP release reaction was at 07.04.06 when price jumped one direction (up) for 37 points and then fall for another 120 pips.



Btw was it clear level 1 long signal on eur/usd at 15:00 (14:30 close bar) ?
According to my understanding of the system, it was clear signal tho no signal on cable and swiss yet. We have important news out in 20 mins, thinking of placing stop loss tighter then standard (-37). On other side we might have bounce like we had yesterday. What are you thoughts, mates?

With respect,
--Fet0r

Definately Level 1 though close to news and not much push.

Level 1 buy on eurusd was at 1,2592 (15:00cet). Made a high so far at 1.2602.

As you say, we have in 15M US data. Protect. I do not like this market so far.

We have no direction and they can take us up or down without any thinking.

Take care.

Nina

Alright, thanks for sharing your thoughts.

I will stay open with tight stop loss, I think risk for breaking higher is pretty high. I would have to place level 4 breakout order at 2621 anyways, so I prefer to stay at current position and being ready for small stop loss.

With respect,
--Fet0r

We have two kind of data:

Consumer Confidence and Home sales.

One of them could call a short and one of them could call a long.......

Dangerous.

Good luck.

Nina