Disliked{quote} thank you very much demo, please, what do you mean with "MR1 @ 1.4805" ?Ignored
{quote} just for control, do you have R1 @ 1,4842 too?
PS It's just about to hit MR1
Just to add - sometimes you don't wait for it to hit spot on the level. You should look for that area. In this case there is a round number just below it - 1.4800 and that could act as a resistance as well
{quote} Same as you. PS It's just about to hit MR1
reached daily target
done for today
see you tomorrow
- #47
- Apr 7, 2014 4:37am Apr 7, 2014 4:37am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Why did the original thread come to an end? 
Why did the original thread come to an end?
I guess sometimes it's tempting to add some extra filters to reduce the losses, but at the same time the system becomes something else. Difficult to say - I'm still trying and learning how to use it. Must say that in March didn't have much success with it - is it because I didn't know how to use it or because of the market, I don't know
Anyway nobody objected to this thread, so this may be an opportunity for me and others who haven't managed to use it in a proper way to maybe try and make use of it?
Shorted EA twice according to Genesis rules Medium term for EA is bearish so I treated yesterday's pull back as retracement There were no proper long entry setup showing that EA would reverse when M5 was ranging so I kept my trade going. {image}
- M5 stoch was not falling from a recent overbought state;
- ASC trend was not fully red;
- DP just below;
It's just my humble opinion
In any case,
Happy Green Pips!!!!
- #56
- Edited 10:14am Apr 8, 2014 9:22am | Edited 10:14am
To Blueseahorse, StrivingNewb and Adeleke
Thanks for good wishes
I don't intend to impose any rules really. Having said that, it would be nice to stick to the systems' rules and see if I and fellow beginners can make profit trading it - that's the idea behind this thread.
Of course if you have some kind of indicator that helps you make good profits regularly, please show it and some examples. Also any filter that is proven to reduce bad trades is worth looking at.
All this is good if you have tested it for some time (for at least a year in various market conditions), otherwise it will just add to confusion and make the system useless.
PS In my opinion it would be almost impossible to make EA for this system - set ups tend to change (the indicators from the higher time frames). In the hindsight working set ups look really nice, but you can't (or EA) trade that way (hindsight trading) in the real world.
Thanks for good wishes
I don't intend to impose any rules really. Having said that, it would be nice to stick to the systems' rules and see if I and fellow beginners can make profit trading it - that's the idea behind this thread.
Of course if you have some kind of indicator that helps you make good profits regularly, please show it and some examples. Also any filter that is proven to reduce bad trades is worth looking at.
All this is good if you have tested it for some time (for at least a year in various market conditions), otherwise it will just add to confusion and make the system useless.
PS In my opinion it would be almost impossible to make EA for this system - set ups tend to change (the indicators from the higher time frames). In the hindsight working set ups look really nice, but you can't (or EA) trade that way (hindsight trading) in the real world.
