Hi Nina,

what do you define as a level 2 signal? Signals which are out of time or have other "handicaps"?

Marbo

Hi!

Level 2: a reenter according to StepMA_Stoch after having made an open against trend (color of step).

On cable, StepMA_Stoch is green and price has made 1 opening below EMA50 at least. If it opens above, 08:00cet today), this is level 2. Market is going back to normal. These level 2 trades are riskier.

Nina

Sometimes I do not follow the system 100% because my intuition tells me something else. At the moment the USDCHF is long. StepMA turned into long mode but I do not feel good about it. The EMA-break was yesterday at 21.00 and normally this signal should be a valid level 1 signal.

Does somebody has a long position in USDCHF?

Marbo

Hi!

I have not taken any signal today so far. I do not like and I do not feel the market. We are stuck right in the middle of the choppy world. Maybe we have a rush in a two minutes, I do not know. But I'm aside.

Nina

Nina, that's good to hear! So I see that it's not the best to follow the signals like a robot.

Tomorrow I take part in a seminar about Fibonacci techniques. Somebody I know is really successful with those techniques in a 60 min and 1 day timeframe. If it is a good seminar (and if I understand it) I will maybe open a new thread talking about calculated entry and exit points...

Marbo

PS. I always wonder how different FX trading in contrast to stock trading is. I used to daytrade stocks for 8 years and the FX market is so different from it... Today the stocks were pretty interesting and the FX market is not really.

Hi!

I've said plenty of time, Marbo, that I never trade as a robot. NEVER. I like to feel what I'm doing.

If you wish, tell us about fibos.

THX.

Nina

good morning guys,

today i am long cable at 1.7436, so far has not decided to go up already, let`s see how it goes.

Hi bmac
I've seen that signal too. I wonder what Nina thinks about it because the crossing in StepMA Stoch is very far back.
Cheers
Eric

I did not trade it by the way

Hi at all,

in order to get more familiar with mq4 I programmed my very first indicator: It produces a short sound signal when the next bar close is near. (standard 2 min)
If wanted it also can pop up a message box.

This is useful for me, because during work I am sometimes to distracted (from work) so I cannot watch the charts the whole time. In the result I consistantly have missed some (mostly profitable) signals of CatFX, because I was too late in taking a short look at the charts.

http://www.forex-tsd.com/10261-post55.html

have fun
mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

I am not Nina but I don't like to see that the Euro is going down and the Cable tries to move up. I hate these divergences and that is the reason for me to let out the Cable trade. The Euro goes down along a nice trendline. As long as this line is intact I would't take a long trade in these pairs.

Marbo