DislikedA lot of traders who try to catch a falling knife end up with no hand in the end
+ you have some non-standard/Genesis Stox settings showing on your charts....Ignored
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DislikedA lot of traders who try to catch a falling knife end up with no hand in the end
+ you have some non-standard/Genesis Stox settings showing on your charts....Ignored
Dislikedmake the same stoch settings on m5 like I have and you ll see that I am right, I am not going to argue, sooner or later you will come across this experienceIgnored
DislikedGU +26
EU +34
Enough for today, thanks to Genesis TEAM and professional bank trader's stoch settings (sorry RJ)Ignored
DislikedNo...you make your stoch settings the same as everyone else here...that is the system! If everyone applies their own settings to everything, it will be impossible to help people. The system as supplied is very profitable. And Gumrai is correct, you entered short on EU but the Matrix was showing long. This will further add to the confusion.
Please use the settings and the system as supplied.
Thanks.Ignored
DislikedSorry about the Stoch but I won't change it (it's just my opinion and way of using it)
NO matrix showed SHORT
look....Ignored
DislikedSorry about the Stoch but I won't change it (it's just my opinion and way of using it)
NO matrix showed SHORT
look....Ignored
DislikedI'm a bit rusty with divergences, been a while since I used them.
Is this what you look for?
Assuming that the price doesn't go down further and break the previous low, of courseIgnored
DislikedI'm a bit rusty with divergences, been a while since I used them.
Is this what you look for?
Assuming that the price doesn't go down further and break the previous low, of courseIgnored
DislikedRJ ... for today's action in EU and GU etc, how would you have tackled it? The divergence and better looking genesis signal came before Frankfurt open, and after FF open there weren't any good genesis signals (M15 stoch already OS). How would you take a entry if you didn't get in on the trade ~65min before FF open? Just use normal technical analysis and sell the weakness on prices moving away from S/R?
I hesitated on the FF open, and looks like this could be the week for me ...Ignored
DislikedThe EU and GU climb up to the R1 level was due to the Chinese CPI and other China news coming out, and you had to be there to take advantage of that. Lucky for me, that's right after lunch for me!! The climb up was never really going to stick.....it's just a 'sugar rush' and the probability of it reversing all the way down again was quite high because the Euro mess hasn't changed. EU and GU, and most of the majors in fact, showed an M15 divergence pretty clearly at R1, and the price just couldn't break R1, so it was just a matter of time before...Ignored
DislikedRJ ... for today's action in EU and GU etc, how would you have tackled it? The divergence and better looking genesis signal came before Frankfurt open, and after FF open there weren't any good genesis signals (M15 stoch already OS). How would you take a entry if you didn't get in on the trade ~65min before FF open? Just use normal technical analysis and sell the weakness on prices moving away from S/R?
I hesitated on the FF open, and looks like this could be the week for me ...Ignored
DislikedIf you look at the EU trade that you mention 65 min before FF open, you will see that it went 5 pips (minus spread) into profit and then 6 pips (plus spread) into loss. Also there was a matrix signal long.
Price basically went nowhere for over an hour after the trade.
You have to question yourself honestly , if you had entered that trade, would you have stuck with it?
The short signal given at the FF open wasn't a valid trade because of the stoch.Ignored
DislikedIf you look at the EU trade that you mention 65 min before FF open, you will see that it went 5 pips (minus spread) into profit and then 6 pips (plus spread) into loss. Also there was a matrix signal long.
Price basically went nowhere for over an hour after the trade.
You have to question yourself honestly , if you had entered that trade, would you have stuck with it?
The short signal given at the FF open wasn't a valid trade because of the stoch.Ignored
DislikedAbsolutely yes. The SL above the swing high (and above R1) was worth about -20 and the divergence on the M15 was already apparent, and the M15 arrow was trying to spawn as well. The drop back down to the daily low goal was about +35, which is about 1.5:1 r/r.....well worth waiting for. As it turned out, it was better than 2:1.Ignored