DislikedHi Oli, Good to see you back...happy 2013.Ignored
Re one of your previous post: http://www.forexfactory.com/showthre...85#post6347685
I'm sure many will have learnt a lot from it so thanks for all your explanations/details.
I'm just going to add a little something regarding Money Management combined with Risk/Reward when opening more than 1 trade going in the same direction (as you did with Short Units 1 + 2). When I do that (adding a 2nd Unit) I will try to make sure that the M5 PA is as close to perfect as possible & I will often wait until after a new Genesis signal appears because being caught the wrong way with 2 trades is never healthy for the bank balance lol
On this occasion you did exactly that but I wonder how many spotted the reasons why you might have entered only 3-4 bars after the Genesis signal?
The HA candles don't show it very well but:
1) not only did you wait for a Lower Low below the recent 10 hours consolidation at 3096 (a must)
2) but you also waited for a Lower M5 Close at 3099 for extra confirmation (a must must for me on adding a 2nd unit)
...and the trade paid off handsomely ....