Hi D/C
I am by no means an expert here, but the thing which caught my eye immediately was the 15min stoch window. It looks like you have an extra ma there and that shows you why you should not have taken the second trade. It probably would have looked slightly different at the time of your trade, but you cannot just jump into every matrix signal as if it were a green "GO" sign/light. Hope this helps.
Good trading, everybody.
Pete
actually it is H1 stochastic, it was there for additional info (as suggested by member around here) considering I am still learning to identify higher time frame direction.
After using H1&M15 stochastic, somehow I realize on a clear trend those 2 stochastic similar as 2 MA on the candle chart. M15 stochastic cross above /stay above then price up, and vice versa. But I still looking for explanation about this. I mean, it is an oscillator of the momentum, it shouldn't be working similar to MA...
Or is it? Hmm thinking about price movement and momentum....Haven't found any website that have a detail explanation about multiple time frame stochastic reading... most of them just using multiple without further explanation. So for now, I focus only to M5 and M15 stochastic, as per Genesis rule.
Perhaps RJ can help to explain, since this Genesis using multiple stochastic (M5 and M15).
thank you,
-dreamcatcher-
