But in french we say "Ce qui est pris n'est plus à prendre"
translate : "What's take is take."
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DislikedLong trade i took on AU.
Almost the same situation about stoch M15 was on EU and GU (not perfect). I decided to take AU because DP and clear open above MA.
Trade closed on SL.Ignored
DislikedI decided to take Long AU because DP and clear open above MA.
Trade closed on SL.Ignored
Dislikedwhy wait until you hit SL to exit?
There is a big M15 div with M5 at OB and coming down, which if followed by genesis signal might be a good sell signal, let alone closing a buy position.Ignored
DislikedIwan,
Look at the M15 Stox and see how more powerful moves tend to happen when it goes into OB or OS territory first (yellow circles + arrows)....Ignored
DislikedClosed EJ short + 16 pips
Stoch: H1,M15,M5
Tape: M5 (M15 turned during trade) Actually M5 turned on entry candle, so agressive entry
Closed on: PD high
Due to BOE & ECB decision day, just taking small trades, not looking for too much.Ignored
DislikedThis post goes in my thread journal
After having completed reading the entire thread about a week ago I have over 200 pages of notes in MS Word....now another note added. thanks.Ignored
Dislikedi took the long instead
M5M15H1H4 tape agree
M5 M15 Stoch up
-25pips ;(Ignored
Disliked@Oli
Nice explanation!
Were there any signs which were a warning not to take the short trade at 8:50 (between blue and white circle)?
Or was this one of the loosing trades that you cant avoid, even with the best system?Ignored
Disliked1) it was the first Sell signal after a 55 pips move up so it needs a bit of caution as potentially you're counter-trending (on M5 chart anyway). But again, that's a 2 edged-sword because if you're too cautious you'd have missed out on the previous move up (itself a counter-trending move to the overnight's 55 pips move down)! But that's trading.
2) as discussed yesterday, one of Genesis' core rule is to have your SL a few pips (5+ or so) above the recent highs/lows to avoid any overspill/potential stop-hunt; with that you would at least have...Ignored