Hi Goji (Bernie) & friends…
I’ve been going through this thread slowly over the last week and playing around with the “goji” system…
First up… thanks a lot for taking the time to post this, and your trades… i enjoyed going through them… also to the others who added bits here and there… it’s a great thread (and system).
Today I traded this system, but with a few mods of my own (I do use one indicator only-- the Slow Stochastic at 14,3,3).
I’m also a big fan of flicking through Time Frames… although like you, I start at the 5 minute if I have a few hours to sit and watch, but when I see an entry pass the 10 EMA in the 5min TF, I will switch to 10m or 15minutes and watch from there.
I don’t have a strict SL as such, which means I have to babysit the trades, but I watch higher time frames to work out the general trend, and if the trade is hitting resistance or support.
Tonight was a good one for the e/u… all up I made about 90pips tonight, but that was over about 5-6 hours. I’m GMT+11…
Anyone who caught the rejection of yesterday’s e/u high would have grabbed a nice amount of pips (50-100)… and it started from the 5min chart, just as you’re using.
An example of how I trade is:
9:15pm : 5m : approached and crossed the 10ema, and closed. b=1.3646 + 4 spread =1.3651
10m : approached and crossed the 10ema, was oversold on an RSI or SS, closed above the ema.
15m : as above … stay in the trade.
9:33pm : 1 hour TF was off and not looking anything like it was going to go up… the 5m was hitting resistance. Exit = 1.3666 (+15p)
Of course this works better in a ranging market of up/down, like the e/u today… but you can still catch the trend on rebounds if the 5m crosses and closes above the 10ema.
D.