Posted on March 17th, 2008 at 3:17 AM

One of the most irritating aspects of trading is when you witness a strong trend that had no opportunity to enter into it, or you missed the initial entry.  I witnessed this on the Euro-FX over the course of the last 3 weeks, we initially had an XTL Buy appear on 2/27 but for some reason on that day I was not paying attention to the Euro and missed the initial entry into this last run.

However, just because you missed the opportunity on the Daily chart all is not lost, you can trade in this trend.  The core of what we teach with Advanced GET is how to use mechanical trading systems, this means that we have certain rules that must be followed for us to enter into a trade.  If you missed the initial mechanical entry on the Daily we can still trade this, we just need to adjust our time frame down until we can locate a textbook pattern which fits our trading rules.  Since the Daily chart is indicating an up trend I reduce the time frame down to a 120 minute chart and can take any and all opportunities to buy into the trend using our False Bar Stochastic Trade.

We are still inside of the daily Regression Trend Channels and any stochastic move below 25 can be taken as a good signal to buy into the trend.  Remember the rules are in place for your protection, follow them.  The advantage of monitoring multiple timeframes is that you will be able to find a trade within the higher time frame that fits your rules.

~Ron Wheeler

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