Thread: CatFx50
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Old 09-07-2006, 07:35 PM
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Quote:
Originally Posted by to69
Hello Nina and all Traders

Regarding Gbp/Usd, i didnt saw any level 3 trade. The one i have it's a level 4 trade @ 1,8808 at 12.30. Did you see that one??

to69
Hi!

From Document on post 1:

Level 3 signals (riskier):

For instance, we are in bullish mode: price above EMA 50 and Hist_StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. Hist_StepMA_Stoch changes to red. We buy when price goes up again always validated by Hist_StepMA_Stoch that should change to green again.

Look at chart attached. We were in bearish mode: price below EMA 50 and Hist_StepMA_Stoch in red. Price goes up and Hist changes to green (00:00cet). Price keeps going up and Hist keeps drawing green bars. Price does not open above EMA50. At 08:00cet Hist changes to red again. Level 3 signal.

Quote:
The one i have it's a level 4 trade @ 1,8808 at 12.30. Did you see that one??
Remember what I say regarding to level 4 signals: "we need 2 bars with the same low or high at least". 10:30cet bar's low is 1,8810. 11:00cet bar's low is 1,8810. Short at 1,8809. Yes, I saw it. I have not post it because we were shorts before that.
I'd have taken it at 1,8803 or at 1,8799 though. S1 is at 1,8804 and 1,8800 is a psycho level.

Nina
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