Thats where I went wrong yesterday.
The ADX lines were falling, no Bollinger Squeeze and although the trend was right I got stopped out.
The ADX lines were falling, no Bollinger Squeeze and although the trend was right I got stopped out.
Highest Open / Lowest Open Trade 17,871 replies
As complicated as necessary: Highest Open / Lowest Open Trade 860 replies
Getting a handle to open trades in the open trade tab 3 replies
EA to open trade on Next Candle open (help please) 4 replies
Medici trades the London open 435 replies
DislikedThats where I went wrong yesterday. The ADX lines were falling, no Bollinger Squeeze and although the trend was right I got stopped out.Ignored
Disliked{quote} Well its good that you can see that. IMO patience in waiting for all of the indicators to line up is not easy, but with my 5m multi showing where a 1m entry is most probable, the wait should not be too onerous with four potential condidates....EJ being the most recent example as Draghi-s speach turned € down putting it in harmony with the already falling UJ.....Ignored
DislikedGJ ruled out because of "conflict" so trade GU itself.....all Aliens indys lined up and the M30 stoch was down too so sell for a nice 25 pips or so........potential buy not allowed as M30 stoch (dark orchid) still going down....BFN {image}Ignored
Disliked{quote} Hi, Capitain, thanks so much for your posts. Those helped me a lot in building confidence of M5 M1 trading. I notice you began to use some indicators from Alien's thread. At first sight of the chart, it seems so noisy, doesn't it? I use TDI, a kind of RSI, for a long time. This chart of DAX30 shows how we can keep in the trade for a longer time by using TDI. In M5 we got the signal to entre the trade even before the arrow signals at 13:40. The yellow line tells higher time frame direction is downward so that we stay in the trade. Below 50...Ignored
DislikedEverything looked good for EJ & GJ this morning at 7:35. UJ was turning south, the m30 stochs were angled & moving in the right direction, Adv ADX printed short, the m5 matrix printed 3 of 4, the m1 matrix looked good too & of course RSIOMA was under 50 & heading under 20; it was the perfect storm so I entered both trades. Unfortunately after failing at some slight resistance for a second time I felt it was all going a bit too slowly & I'm thinking that the liquidity just isn't there in Europe this morning with the US data coming out later on so...Ignored
DislikedHi Capt, Likewise - its been a quiet and noisy Friday with no good set ups for me. Just a thought, are you OK with me posting a non-compliant screen shot?Ignored
DislikedI'm considering using the 15m RSIOMA as my longer term filter (thanks Alien & Goodgame).......WIP for this week.....the Delayed Stoch cycles from OB (BZ) to OS (SZ) whilst RSIOMA remains in the Buy Zone giving additional entries.... {image}Ignored
Disliked{quote} You're welcome ! I think you can combine Genesis Matrix with Alien and you will give very good results !Ignored
DislikedMy actual chart set up for this week - sold in the 7:25 bar and took ~ 10 pips after the minor support at 6478 held - a pre LO trade so I didnt expect much. On my 5m multi, GU was a sell, but UJ an unconfirmed buy, so no trade in GJ..... {image}Ignored
DislikedUSD was strengthening v EUR, GBP & JPY (after weakness) so took the GU signal which looked good across the board & also had a distinct profit release look about it when looked at without HA candles . It came at 7:30 but I was away from the desk & didn't get in till 7:32, for a loss of 2p. Anyway, price moved to today's open & past so I bailed at 7:57 before LO at rr 1:1. I appreciate that if I move to m5 & m15 everything looks good for holding short but I just prefer to bank as I fear having actual profit eroded, especially after LO. I will have...Ignored