Okay, here we go

Hi everybody. I hope you can understand my accent, I'll try to speak slowly because I know that as kiwi
I do speak a little faster and makes it hard for you to understand... I'll try to speak slowly. 

Okay this here is cable (GU) it's from friday, this is the tokyo open and this is the euro open.
I know that this action here is outside of the normal trading hours for most of you, but it's got a
point. The point is something that I want to show you to do with stochastics. I've seen a few people
making mistakes. Well let's get into it and have a look at it. 

Now should change a few colors here, but I haven't done it so too bad. 
We've got the MTF arrows here and we've got the normal M5 arrow here. They're the same color [???]to
make it clearer for you to see, but too bad. 

Okay. Here we've got the m15 and the m5 arrow, at the same time, we've got the m5 here and the m5 here,
so we've go those. Okay that's good. Now, supposing you came to the market at about this time. Alright, so 
here. So you came here. And you saw this. And you think "Wow" and you saw this, and you saw this, 
and you saw the candles. It's all looking good. Looking good for a short, alright? BUT some of you
will be saying "woah, hold on a second, look where the mtf 15 minute stochastic is, it's way down low.
No, I cannot take this trade, it hasn't come from overbought or anywhere even close to that." 

But I have told you before the stochastic isn't a simple oversold/overbought indicator. It's much more
than that. Let's get this out of the way.

Because the stochastic is staying down here on the 15 minute, it's showing that the bear run is good,
it shows strength in the bears. But that's not even important either. You could enter here, with complete
safety, because this is not where the move began. The move began here. This is where it all started.
The price came up and it had a crack at the pivot here, it had another crack at it here, but it couldn't
quite pull it off and so the bears came in along and the bears said "let's get into it ourselves". 
They got into it with the m5 arrow, we've got bear candles here. We're getting a perfect, perfect pivot
rejection. We're getting the m15, it's looking really cool. We've also got the matrix, here. We've got
the stochastics here and the stochastics here. You see? so we've got this way up high, these guys here
way up high, that's where the move's beginning. It isn't beginning here, that's a re-entry opportunity. 
Or, it's an entry opportunity if you just arrived. So, when you see this and you think "yeah, it's looking
good, everything here is looking good. Perfect. Perfect. Perfect. Aww no that's bullshit". It's not.
Look to your left. See where it was last, way up high and that one was up high too, that's when the move
began. This is one big move. This is a reentry. Yeah? 

So, if you are trading this, you would be able to enter here and trade this all the way down here. You 
might want to exit here and take your money. Ain't nothing wrong with that, because the matrix is starting
to change color a little bit. We're getting the stoch turning up hill, we're getting a slight upturn 
of the 15 min, nothing major, but if you take your profit that's fine. you've got a reentry opportunity
here. 

Another way that you could do it is that you can enter here for the reasons that we just discussed, and
you can bring your sl down. The stoploss would have been originally up here somewhere and once you've seen
the PA come all the way down here you can bring your SL down somewhere around here and then you can lock some profit
so you could ride this one out. Because this is not looking too bad.
Then you could re-enter here and take the trade. Or you could take this big long trade over here, and that trade here.

So you're making some good pips but there's nothing wrong in taking this one and then let that one ride out and then
take this one. There's nothing wrong. It's a personal thing. [???]. It depends on your
tolerance of risk and your experience, but there is nothing wrong with taking the money just from this one and then havnig
another crack at that here. Or not. Doesn't really matter. Up to you. 

I'm wondering if someone's gonna be saying "Yes, RJ, but what about this?". We've got an arrow, we've got white candles 
going up, we've got a matrix, stoch is a little high, this is on the rise, why can't we take this? 

Well, we could.. Would I? No, I wouldn't. Reason is, as the price goes down it never goes in a straight line it goes down,
it goes up, it goes down, it goes up, it goes down, it goes up etc. That's how it works. I would not be interested in taking
this one because i'm under the daily pivot and it's not really a true reversal. It might develop into one but we cant say
we dont know. But I would much rather bring my SL down lock in some profit thinking that this is pretty strong, we've got 
the 15 minute with the 5 minute arrow here, It's looking like a good move. I wouldnt be keen to go against it. 
I don't get in the river and swim up the river, you know? I get in the river and I swim down, it makes no sense [???] 

One more thing that is worth mentioning, this is what i often do, is when i have a 15 minute and im trading in that direction,
i feel fine to take another trade. and take another trade. And i'll keep taking these trades provided I get the arrow,
the matrix and some sort of confirmation from stochs. And I'll keep doing that until the move exhausts itself, or until i get
a 15 minute going the other way. Because as long as you have a good 15 minute going, you can enter on any of these pullbacks.
It's not really a problem. Also this is a personal thing, this is just how I do it. But the main point of this little tutorial
today is, if you came on board and you were gonna open your trade here thinking it's all good, but this is no good and that's gonna
keep you from entering, look to your left. See where we were when we were up high. here we go, thats where the move began. that's a
textbook pivot rejection. A little bit of an overshoot here with the candles, but not a big deal. And so the move began here. 
And it went from here, a little bit up and a little bit down, a little bit up and a little bit down, a little bit more up and down.
That's how it works. Okay? 

So, always be aware of that. If you see it here, always have a look to the left and don't jump to the conclusion "oh yeah, but RJ
that's bullshit because this stoch isnt coming from oversold" it is so. here, look. this is where the move began. i keep hammering
this point because some of you keep missing it, you can't understand it. The move didn't begin here, that's a reentry. This is where
it began. Okay. So that's a [???] for this one. let's see how it goes and if you can understand me, great, and if you can't well what
a pity. Oh one more thing, thats what i meant to tell you, I just noticed that a few minutes ago. Not really a true divergence,
but it's definitely a heads-up that there could be sth going on. Even though we still have the white matrix here, it's sth that should
grab your attention. You should be thinking "wow, shit! There's a possible divergence forming here, we might get a pivot rejection"
which of course we did. We got the rejection and we got the matrix, the stochastics (both of them) we got the arrow, we got the arrow, 
we got the [???]... everything's great. Alright, so, see if u can keep your eyes open for this the stoch divergence is good, very very
handy and good to keep your eyes open for it. But really, when you see this kind of thing and you see that the stoch may not be 
ideal, look for where the move began. Always look left, see where it began, then realize that this is one big long move. 
Of course it pulled back, pulled back, pulled back. But that's one move. The move began here.