We've had level 2 signals so far today.
GBPUSD, sell at 1.7391. Made a low so far at 1.7375.
EURUSD, sell at 1.1854. Made a low at 1.1841.
USDCHF, none. Still long from 1.3095.
Take care, this market, as you know, is a killing one.
level 2 signals?
Excuse my little knowledge base, but what are level 2 signals? I am patient with waiting for the setup and enjoy this wonderful forum, but level 2 signals???
Any reply appreciated!!!
For instance, look at GBPUSD.
Cable was a short on Friday (09:30cet) at 1.7495. Since then is in sell mode.
But today, 05:00cet bar opened above EMA50 with StepMA_Stoch in red. No signal to go long, Step does not validate the cross. When it opened again below EMA50 with Step still in red is what I call Level 2 signal. Here is where we can reenter. These signals are riskier.
Thank You Nina!
Really appreciate Your quick reply! I keep on learning new stuff everyday and I was really curious about that level 2 signal.
I am really grateful you made it clear...once again!
Thank You for all Your contributions and happy trading to You!!!
updated indicator to work on mondays too,need to be checked.(you can check history with "from" parametr).
First a big thank you for all your effort and input in this thread.
Do you look at the macd 45/144/9 at all for confirmation of a signal or not?
Not at all.
CatFX50 is short on USDCHF.
Signal to go short was at 1.3194 (10:00cet). Made a low so far at 1.3089. + 105 pips.
CatFX50 is long on GBPUSD and EURUSD.
Signal to go long on cable was at 1.7425 (10:30cet). Made a high so far at 1.7566. + 141 pips.
Signal to go long on EURUSD was at 1.1876. Made a high so far at 1.1940. + 64 pips.
Take care, please. Market is waiting for something big.
Cable has a huge resistance from 1.7459 to 1.7475. Protect.
I accept gifts for Christmas.