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I enter three trades today in demo account and all are Profitable.
I also have T_S_R Daily Range Calculator attached to my chart.
Once i enters a trade in european session at about 08:00. e.g USD/CHF , once it reaches 1.2540 this Indicator show Room UP= 0 . I enter short trade here and get positive trade. What i want to know is this a good trade oppurtunity after original CatFX50 Trade entry .
Waiting for reply.
Regards,
Hi, Nomi929!!
T_S_R Daily Range Calculator does not give any signal. It only tells you the daily range of the pair. When it says "0", lets say up, it means that the pair has already achieved its daily range, so it is very dangerous to take a CatFX50 long signal. You could sell it, of course, but this is out of CatFX50 system. USDCHF went up to 1,2568 after that "0" at 1,2540 and then went down to 1,2483. But it could have kept consolidating at the highs.
Yesterday, cable went 60 pips below "0". When the trend is very strong, daily ranges break.
USDCHF, level 1 sell at 1,2491. It made a low at 1,2483. Stop should have been placed at 1,2541 at least, so that is a 58 pips stop!!!. No way. You could have posted it just above EMA50 at 1,2500. If you did so, a lost of 9 pips.
But lets think a little bit: when we got the signal, USDCHF had dropped 75 pips. Swissy daily range is 83 pips and it was 17:30cet. We shouldn't have taken that signal.
EURUSD, level 1 buy at 1,2703. It made a high at 1,2708. Stop should've been placed at least at 1,2664. A 44 pips stop loss!!! No way. You could have placed it below EMA50 at 1,2684. A lost of 19 pips. Or just below pivot at 1,2699. A lost of 4 pips.
Daily range on eurusd is 68 pips and from the low at 1,2638 to our signal it had gone up 65 pips. Do we want to take that signal?
Do not ask this to an EA because it will not answer you.
Nina, is it posssible to do up a detailed catfx50 manual complete with new indicators for profit taking eg fibopivs and other consideration eg whether to take or not to take the signal...
hi arie. tnx
but its not here last template and last education
Hi!
I will update the first post this week end. I will upload Daily Range file and I'll post a few recommendations about the stop loss and the Risk/Reward ratio.
I will add too a commentary about how we can use that Daily Range file in order to avoid false signals.
I will update the first post this week end. I will upload Daily Range file and I'll post a few recommendations about the stop loss and the Risk/Reward ratio.
I will add too a commentary about how we can use that Daily Range file in order to avoid false signals.
Nina
Hi Nina
tnx for answer me. please put template in first post.
And i wistful for yours system update.
regards
I will update the first post this week end. I will upload Daily Range file and I'll post a few recommendations about the stop loss and the Risk/Reward ratio.
I will add too a commentary about how we can use that Daily Range file in order to avoid false signals.
Nina
Thanks in advance Nina, looking forward to read and learn from your new posts, as always your help is deeply appreciated..thanks
hi
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