Damn, another loss
- #265
- May 7, 2014 4:03pm May 7, 2014 4:03pm
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
Hey guys, after reading the original thread back and forth, I've finally found something useful to keep myself disciplined. The hardest thing for us is to find a way to read stoch properly. I've concluded that there are only 2 types of "valid genesis setup" what we call as HPT Perfect M5 entry 1) has "JUST" come down from OB/OS 2) Stoch has "JUST" reached "50" level 3) "Must" open clearly above or below SMA 5 4) Genesis full color M5 stoch pull back and go in the same direction with M15 stoch 1) M15 "must cross "50" level 2) M5 either just hit "50"...
thanks for your suggestions. I have a question. Regarding to this picture:
Is it a valid setup? M5 stoch came from oversold area, but it had a move back for a bit and then increased again.
Also do you check for the perfect M5 entry the M15 stoch too or only at the pullback entry?
Regarding to your Pullback entry:
"2) M5 either just hit "50" or "30" or "70" "
You mean that M15 stoch has to came from OB/OS and cross 50 and after e.g. for sell M5 stoch has to hit 30,50 or 70 level and turn back+ also Genesis matrix signal.
Could you please post few more example pictures if you have time.
It is looks quiete good setups.
Thank you!
Regards
Good morning. I would like to share a small loss trade I just had on EJ.
Pros: Arrows, M5,15,30,H1
Matrix, M5,15,30, 3 white on H1
Price on M5 had just made a small higher high and higher low
Cons: I am buying below the DP
I entered shortly before the above screen shot was taken. The trade took off quickly in my favour to a max of about 12 pips but turned back almost as fast. I decided to get out at about -4 pips.
Lessons: Buying quite close below the DP perhaps i should have lowered my expectations or moved SL to BE or maybe I should have left the trade for someone else!
Edit: HTF stochs probably also not the most convincing
Pros: Arrows, M5,15,30,H1
Matrix, M5,15,30, 3 white on H1
Price on M5 had just made a small higher high and higher low
Cons: I am buying below the DP
I entered shortly before the above screen shot was taken. The trade took off quickly in my favour to a max of about 12 pips but turned back almost as fast. I decided to get out at about -4 pips.
Lessons: Buying quite close below the DP perhaps i should have lowered my expectations or moved SL to BE or maybe I should have left the trade for someone else!
Edit: HTF stochs probably also not the most convincing
Good morning. An EJ trade for me this morning that gave me 40 pips. Entry was on the open after the first red line and the close on the second.
Pros: Red M5,15,H4 arrows
Red M5, M15 matrix, 3 red on M30
Price had made a series of tests below the DP then made a lower low and lower high.
Cons: White M30,H1 arrows
Im not happy with the exit. I think i should have moved my SL to a small profit above S1 with the aim of making it to S2/BRN 139.00
Pros: Red M5,15,H4 arrows
Red M5, M15 matrix, 3 red on M30
Price had made a series of tests below the DP then made a lower low and lower high.
Cons: White M30,H1 arrows
Im not happy with the exit. I think i should have moved my SL to a small profit above S1 with the aim of making it to S2/BRN 139.00
Good morning Adeleke. I had a trade on EA this morning. Im not very proud of it. It was with trend with all arrows and matrix m5,15,30,H1,H4 white but i had an itchy trigger finger and entered before the M5 stoch had crossed up. I was thinking it was going to cross up and was worried i was going to miss the move. Not a good thing that bad behaviour is rewarded. Anyway, noted in my journal.
I took the same trade on EJ.
Pros: I liked the way it rejected the DP and made a series of lower highs.
Cons:against the M15,M30,H1 arrows!
As i type this it looks like I exited early! The BRN acted as a turning point yesterday so thats why I decided to take my profit.
Pros: I liked the way it rejected the DP and made a series of lower highs.
Cons:against the M15,M30,H1 arrows!
As i type this it looks like I exited early! The BRN acted as a turning point yesterday so thats why I decided to take my profit.