Quoting Pippicidal

Anyone short EU currently? I should post a chart....but 3 tests of S1 area from below - rejection. M15 arrow down, M5 arrow down, Genesis down... Only thing bothering me is ATR is all used up. Might take profits at S2 area...

Quoting itsallover

{quote} I decided to go AU short instead only because I thought I'd squeeze a few more pips.

Quoting Pippicidal

{quote} Right on. Since I'm still reading the thread (page 151 now....) I only have EU and EJ charts up. I will end up monitoring AU and GU as well once I have a better grasp of the whole system. I'm trying to keep my questions to a minimum until I'm well into the thread as well. Here's my chart (first attempt at attaching so hopefully it will work.) : I took the first Genesis Matrix sell after the bounce off of S1. 15M stox were turning, 15M arrow was down, 5M stox were dropping after being oversold, overall trend seems down. Stop was placed above...

Quoting itsallover

{quote} I decided to go AU short instead only because I thought I'd squeeze a few more pips.

Quoting padila

{quote} Just as a learning point for me, Kelly, did you sell to daily S1, after European open?

Quoting itsallover

{quote} You got off lightly there Pipicidal. There was a monthly pivot just below your point of entry which caused PA to bounce the way it did. I think you got the tail end of the trend - you always have to be very careful when PA has traveled a fair bit, in case it decides it wants to range or reverse.

Quoting itsallover

{quote} No I actually got in quite late on that one ... it was after NY Open. PA had bounced off the round number and the stochs and Genesis signal were for a short trade. I exited before my target of S1, because PA formed a double bottom on the 1 minute chart and I thought PA would struggle to go lower. ....... plus.... when PA formed the double bottom the stochs were on the floor.

Quoting Pippicidal

{quote} Interesting. I'll have to watch out for the monthly pivots as well. They are not plotted on the FXI pivots indi as far as I can tell. Do you draw them in manually? Stop is currently at -2 pips.

Quoting itsallover

{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}

Quoting realjumper

{quote} If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite.... There;'s no need to look for 'home runs' every time you sit down to trade. 4 trades of 5 pips = 20 pips. Anyway, I hope that helps.....

Quoting itsallover

{quote} Hope RJ doesn't kick me out for posting these ... lol... I put all the pivot indies on my chart and watch PA around these important points. {file} {file}

Quoting realjumper

Just a reminder before I go for breakfast....NZ budget day today, so Kiwi traders beware!!

Quoting PipMonster1

{quote} Actually just playing with the idea at the moment. 5M chart with 15/30M next higher TF's - yes, the 15M arrows do appear but just testing really. I still use the 1H/4H on a different chart. PM1

Quoting Autobotsgo

Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.

Quoting Autobotsgo

Took these trades but can't get anything right recently. Long GBPUSD {image} SHORT USDCHF {image} Got stopped out with fairly tight stops. Any tips here? The longer-term stochs weren't great. I didn't foresee the USD getting bid so heavily.

Quoting lastingwell

{quote}You have to change your market open line by a long way that was well before Frankie. Go to the bottom of the page and click on market then change your opening times to match those.

Quoting Autobotsgo

Thanks Realjumper. I don't always use tight stops and am rarely stopped out of successful trades. I'll make sure I don't trade before Frankie. Cheers.