Signals with Moving Averages

Check the importance of levels

This thing is wild, but the system handles it very well.

Dow opens shortly, not a good time to trade, too volatile.
Wait for it to settle first.

Two scenarios

I'm going to skip this one, will check in again at 17h00 (new H4 candle). see you

Removed the glut

I don't expect much fireworks with

Recipe for disaster, need to break top barrier.

Got a nice signal in green

Daily is holding steady


Not going to help me at this stage. Way past entry point

could break 4049 now

If unable to break 4049, what possible level do you expect it to reverse to mentor?

Gold is through

In case you wonder what the black line indicates, I'm wondering too. It was develop by some "fundi" and I were told it's intellectual property. So please don't ask about the mechanics of it, I don't know how it's composed. It's a custom indicator. I've been asked by the guy who created it, to forward the charts after end of day. It's actually a nuisance as I need to remove it if I want to post something and I usually forget to put it back on again before forwarding it. I assume he's still working on it.
The only thing I can figure out is that it just confirms what green and red show me already.
So, to spare me the effort to erase and to put it back on again; just ignore it. It is a lagging indicator most of the time and of no real purpose.
M30


I'll ask the guy if he will mind that I post the charts with black still on it.