Indeed. And since I don't yet, I'm only demo trading it. Only live on EUR/USD, GBP.USD and USD/CHF. It's more than enough for now. And I cannot leave everything else and look at charts all day.

And thanks to you I don't.

Is there any strong resistance points to turn this around???

Hi!

The ones you above where it is now.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi!!

High so far on GBPUSD: 1,9731.

I do not like the market.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Greetings. It is difficult to me to explain in English, and the translator translates not correctly, therefore it is better to ask the English-speaking person. It is not difficult. Success.

hi nina,

towards the end of Sept 2006 onwards, your recaps for CatFX50 started to include the (possible) stoploss from signals generated. I agree that knowing where to put stoploss is one of the most important "tradework" so we know our possible risk/reward before entering a trade.

my questions to you are:
1. did you use any camarilla or fibopivot or is there any indicators to help determine those stoploss level?

2. if not, are there any general rules to find those stoploss level? (eg looking at lowest price from prev day or prev how many bars etc)?

3. if not, could you give any advice on what we can do to improve this ability to determine stoploss for signals generated by CatFX50?

thanks in advance,
bubblestar

Hi, Bubblestar!

To place a stop loss is something we should learn and know before taking a trade. A stop loss can not be the same in any trade. We need to look at price action first. I like to look for fractals or significant low/high or my levels.
For instance today.

EURUSD was a buy at 1,2999 (09:30cet). That signal was more than 20 pips away EMA50. 1,2440 on USDCHF was holding. Last significant low was at 1,2951, 48 pips. For me was a NO TRADE.

EURUSD was a sell at 1,2962 (19:30cet) with stop at the high of prior bar + spread: 1,2989 (27 pips). Right one with our eyes placed at 1,2951. If we wanted to wait to see if it broke 1,2951, then a sell at 1,2949 with stop at the high of the right signal bar plus spread (1,2969). It made a low so far at 1,2916.

I posted very early today that I did not like the market. We only had a good movement after our trading time.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

thanks nina for the advice.
I'll practice to set the stoploss from your old signal recaps. There should be plenty enough examples.

Hi!

The whole FOREX world will be looking tomorrow at the level I've been posting a long time ago: 1,9590/80.

Of course they will not be looking at that level because I have posted it. That level is there and anyone can see it.

The break of 1,9590/80 will mean, as long as it keeps below once broken, that our beloved cable has changed from bullish to bearish and that the rise from 1,9261 may have ended. So, take care mates, cause we will be set to go to the lows again. I know, I know there are more supports down there like 1,9569 - 1,9548 - 1,9538 - 1,9510 - 1,9505 - 1,9483 - 1,9472 - 1,9462 - 1,9440 - 1,9434 and 1,9405.

So, first thing we need here in order to go up is to have it trading above 1,9590/80. This should be our line in the sand.

If it does so, I mean, if it keeps above 1,9590/80; the first thing it will need to do is break the pivot at 1,9663 and then 1,9695 - 1,9733 - 1,9753 - 1,9777 - 1,9796 - 1,9828 - 1,9830 - 1,9839 - 1,9845 - 1,9861 - 1,9895 - 1,9913.

Now, mates, it will tell us that something big could be near if it breaks 1,9621 - 1,9602.

About GBPJPY:

Pivot at 237,65.

In order to keep going up, it needs to break 238,56 , 238,70 - 239,00 - 239,57/67 - 240,00 - 240,31 - 240,43 - 240,64 - 240,95 - 241,46.

Below 238,08, the risk is to 237,65 - 237,47 - 237,08 - 236,65 - last low 236,31. If yesterday low does not hold, next should be 236,27 - 235,88 - 235,55 - 234,95 - 234,60 - 234,46 - 234,18 - 233,99.

While writing, GBPJPY has made a high at 239,00. Sorry, I was late.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

So is 239.00 the last resistance to be broken before possible move?? UP to next point