DislikedHere is the template with both the standard stoch and the mtf stoch set to m15. The mtf stoch indicator which of course is needed as well, is also attached.
I will re-upload the zip file in post #1 in a momentIgnored
Does this look better
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DislikedHere is the template with both the standard stoch and the mtf stoch set to m15. The mtf stoch indicator which of course is needed as well, is also attached.
I will re-upload the zip file in post #1 in a momentIgnored
DislikedDid anyone catch the short trade on AU? Bounced at R1,have both 5M and 15M arrow,both stochs are pretty well positioned.Ignored
DislikedDid anyone catch the short trade on AU? Bounced at R1,have both 5M and 15M arrow,both stochs are pretty well positioned.Ignored
DislikedOkay great will do the changes many thanks.
I caught the AU trade
Lol set tp at DPIgnored
Disliked@jono: congrats on your (maybe) first winning trade with genesis man.
@RJ: patience is a virtue and we know it. Good trades.
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DislikedAll good points Oli......the only other way I know to get a good entry signal in such a relentless trend is to go down to the M1 chart and wait for a pullback. This often gives a signal that is not readily apparent on the M5. I used to do this quite a lot but I haven't done it lately, but today's EJ, CJ and UJ pairs were ripe for the pickin!Ignored
DislikedI decided to take a step back and I read most of the posts from this thread and not just first couple of pages and it certainly helped me but now it seems that I have become almost too picky and most times I wont take a trade because R/R to the next pivot line is below 1:1.
So RJ and other experienced genesis traders, do you take any trades when for example the SL is 20 pips and the next pivot is 15 pips away and just put SL to BE when it gets near the pivot and look if it can broke it?
BTW just took 20 pips on AUDUSD, better than nothingIgnored
DislikedThanks RJ, after reading this i went back and looked at todays M1 PA on EJ & EU and found great entry opportunities there. It has changed my approach to the charts when the PA is moving fast and the trend started before the FFM open.
Cheers and thanx again for a wonderful thread.
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DislikedBy that, I guess that you took the short on M5?
I am happy that it is working out well for you, but H1, H4 and Daily all show a strong upmove.
Personally, I only look for Long opportunities with AU, because of the carry trades, especially on a Wednesday when long positions will receive 3 days interest
I think that sometimes I am too cautious.
Congratulations, you got in on a great tradeIgnored
DislikedBy that, I guess that you took the short on M5?
I am happy that it is working out well for you, but H1, H4 and Daily all show a strong upmove.
Personally, I only look for Long opportunities with AU, because of the carry trades, especially on a Wednesday when long positions will receive 3 days interest
I think that sometimes I am too cautious.
Congratulations, you got in on a great tradeIgnored
DislikedHi Gumrai,first time talking to you.
Maybe I'm not as experienced as you are but maybe we can discuss this.
As we all know,we are trading mostly on 5M chart. And in my opinion: H1,H4 or even daily are a little too far to have a impact on 5M chart. Even if we have a strong uptrend on H1 or H4 chart for some time but even a retracement on H1 or H4 chart can give us a nice short-term downtrend on 5M chart. I know we always have to look at HTF to see a bigger picture but what HTF should we look at is a question. And maybe it's depend on each traders...Ignored
DislikedHi Gumrai,first time talking to you.
Maybe I'm not as experienced as you are but maybe we can discuss this.
As we all know,we are trading mostly on 5M chart. And in my opinion: H1,H4 or even daily are a little too far to have a impact on 5M chart. Even if we have a strong uptrend on H1 or H4 chart for some time but even a retracement on H1 or H4 chart can give us a nice short-term downtrend on 5M chart. I know we always have to look at HTF to see a bigger picture but what HTF should we look at is a question. And maybe it's depend on each traders...Ignored
DislikedHi Frenetic,
Yes, I have to agree with you. When there is a strong trend in the higher tf, there are many opportunities to trade against that trend in the lower tf. A trend in a lower tf is simply a retrace, not a reversal in a higher tf. When taking the trades in a lower tf, it's always a good idea to be aware of this and maybe exit when the retrace appears to be running out of steamIgnored