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When I started this thread (12-08-05), I said I liked clean charts. I do not like to have a lot of indicators and other stuff plotted on charts. It is my opinion and others like to have as many as possible. No problem. It is up to the trader to use whatever he/she likes to build up or to feel more confident.
But when I look at the chart attached, I ask myself: "Isn't it nice and clean?"
EURUSD, level 4 sell (09:00cet) @ 1,2826. It made a low so far at 1,2819. S3 is at 1,2822.
GBPUSD, level 4 sell (08:30cet) @ 1,9021. It made a low so far at 1,8980. S3 is at 1,9005.
USDCHF, level 4 buy (08:30) @ 1,2324. It made a high so far at 1,2340. S3 is at 1,2323.
I took only cable's signal.
Nina
Hello Nina and all traders
To take the trades you refer the Setphist shouldnt change color (guide line for L4 trades). In Eur/Usd and in the Gbp/Usd, they both changed the color from green to red???
CATFX50 is very good,Because I am a Chinese, our time and your time are different, I want to ask When does the American market is open, in your time? and we are the evening 20:30 american market opened.
CATFX50 is very good,Because I am a Chinese, our time and your time are different, I want to ask When does the American market is open, in your time? and we are the evening 20:30 american market opened.
To take the trades you refer the Setphist shouldnt change color (guide line for L4 trades). In Eur/Usd and in the Gbp/Usd, they both changed the color from green to red???
to69
Hi, To69!
You have a level 4 signal when you are already in green or red mode. In any of those signals bars switched colors. Level 4 signals are break outs. We only need 2 bars with the same low or high. As many bars we have, the better.
I think that a major problem with trading the JPY is that the Bank of Japan has too heavy a hand in trying to control the currency rate of the Yen - you aren't really trading the 'Crowd' of Banks and traders - you are trading against what the BOJ wants to see the currency do...
I think that a major problem with trading the JPY is that the Bank of Japan has too heavy a hand in trying to control the currency rate of the Yen - you aren't really trading the 'Crowd' of Banks and traders - you are trading against what the BOJ wants to see the currency do...
Hi, Reemul99!!
Why do you think I recommend to trade only EURUSD, GBPUSD and USDCHF?
I trade USDJPY too sometimes, but, when I do it, I sweat more than trading the others. More or less Central Banks do their dirty job here; but BOJ is the king. Nevertheless, since CatFX50's sell signal on USDJPY @ 117,01 (yesterday, 00:30cet), the pair has gone down 145 pips.
Linear Mode
