DislikedYes its a team effort, but I'm the one who bagged the pips while you were setting this up, sorry about thatIgnored
BTW it was a H1 H&S too, letīs see where the baseline is.
Genesis Matrix Trading indicator 20 replies
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Genesis Matrix Trading for Jforex 13 replies
DislikedOne of my pet hates is a messy chart....it's just me....others can happily trade with many indicators on their chart. There is a very important indicator that I use, and it is the ATR indicator. The Average True Range. I have this on an M15 chart because I want to see more of the trend, and I can have the indi here without cluttering up my M5 chart.
ATR indi's purpose it to show us how far the PA has come today, and how much more the PA is likely to move. For instance, if the Average True Range of the UP pair for today is 150 pips, and the movement...Ignored
DislikedDon't worry, mine are still moving nicely. This is the ATR indie I prefer, you can't change any of the inputs except the colour (which you'll need to do if you have a black chart) If you hover s/r....Ignored
DislikedThx Olivia! Do you use stochs as per RJ's template or is it just the matrix/arrow & PA for you?..Ignored
I'm thinking after months of finding my feet, this is what I've been looking for. Having found a great trendline indicator in TrueTL (you have to pay for it but 5 quid a month is peanuts)....I'm feeling good about moving to the next level.
The main issues I have is like now for instance where aud/usd and cable have changed momentum. Would be people trade these? Obviously waiting on the rules on post 1 of courseIgnored
DislikedCable (GU) is bouncing off the Daily Pivot at the moment so I wouldn't be keen to enter a trade here at all. I would like to see it break out first.
AU is hovering around Fridays low....that area seems to be giving support at the moment, so we would need a breakout here too, before entering a trade.
It's not 'set in stone' but seeing as there is no news (that I can see) between now and NY open, perhaps the PA will consolidate here until then.Ignored
DislikedI had entered a buy trade for a/u as mentioned but got out as I thought I'd made an error of judgement....the stoch had started to fall so I thought I'd better get out. Not sure if this was the right move but heyIgnored
DislikedWe never know for sure, just go by what you feel at the time, thats all we can do. It doesn't look very inviting either way, with the weekly pivot just below and Fridays high just above.Ignored
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