Genesis - continuation

I post here the original Genesis Matrix Trading by realjumper.

Hi kiki215fr, Welcome. nice trading!!

Thanks, Bobby2 ;-)

GBP/USD +45

GBP/USD total +88 pips closed before NY Open

kiki,

excellent trades! - If you don't know ... dragging the trade out of
'Terminal / Account History' into the chart marks entry and exit automatically.

Good luck
josch

Missed this trade on UJ just after London Open because I was making coffee. LOL!! Be careful this week. May see a lot of spikes and quick reversals.A lot of high impact financial news with a dab of political uncertainty thrown in for good measure. Wishing green pips to all.

GU sold at 1.41047, at 10 pips auto TS kicks in guaranteeing 6 pips if price recedes from 10. After 10 trailing stop follows 5 pips behind. This trade was stopped out at 15 pips @ 1.40862.


Price continued down another 13 pips or so. Some would say I would have been better off waiting longer to exit. On the other hand, no matter what happened after 10 pips gain, I was guaranteed 6 pips. When the market is as jittery as it is at the moment I'll take the 15 pips and be happy about it. If I was getting the feeling of a stable trend I probably would have let it run.

BTY, the trade manager posted below goes in your MQL4/Experts folder. This was found on the MQL5 Community page that everyone who uses MT4 or MT5 has access to. I just use the Default settings. Play around with it. You may want different results from it.from the default. This trade manager also hides TP, TS, and SL from your broker.

Hi, +36 GBP/USD

I am in and I think I took my entry too late
I will see at the end of the day.........

Looking at the Stochastics I don't think you were late. RJ had a "kind of" rule where he wouldn't enter after the 3rd matrix bar, but sometimes price strength / momentum can change late. That's a judgement call that comes with experience. As was stated many times in the past, Genesis is a good indicator, but you also need trading skills to make your own judgements. It's not always automatic. To me it looks like you have pretty good judgement. You did better than I did on that trade. But I never complain about pips I could have had if only I would have........ Hindsight is always 20-20. To me it looks like you're doing fine.

Thanks, bobby2

I decided to cut my trad,not bad +46.4 (finish for today)

Hi,

Just for test: Basket Scalping M1 EUR/JPY +487

I hope everybody was able to grab some pips from today''s BOE news. I didn't think the DAX would tank like it did, EU, AU, and UJ all had nice runs and I hope everybody got a share. No complaints here We're expecting a boatload of snow in Chicago for the next few days so I might be shoveling instead of trading later and tomorrow. Nice to have gotten some pips in before the storm hits. Wherever you are, green pips always.

Hi everyone. I received some questions regarding how I determine profit targets. It's a tough question because, depending on the situation, I decide on the fly. I mainly use one of three criteria which, in the end, usually comes down to areas of Support and Resistance. For a visual reference, the areas I have the most respect for are Round Numbers and those areas where buyers and sellers are gathered, otherwise known as Supply and Demand. The indicator BN Levels v 1.02 automatically marks the round numbers on your chart. Each number is about 25 pips apart. It isn't much use on the higher time frames because then the lines are too close to each other. I use them up to M30. IMHO, EURUSD, GBPUSD, and AUDUSD, and USDCHF have a high probability of hitting those numbers during high volatility trading times. USDJPY and USDCAD don't respect those areas with such a high degree of probability. They will often get near, but not touch or go through. The reason is that the correlating pair hits its target first, ending that particular move for both pairs. After some practice it usually becomes kind of clear that it's over. Do not assume that price will move toward a round number just because it is in the area. It's a target for what direction you have already determined through your analysis.

The Supply and Demand indicator is, IMO, a very accurate tool for guesstimating where price may go. Put it on a chart and watch it. It can be entertaining and instructive. Sometimes you're like, "No way price will get there.", yet there it often goes. That being said, I don't enter trades based on the information from just the indicator. Again, they are just suggested targets.

I don't use pivot lines. I'm not particularly fond of them. But that is, of course, up to you.

I use both indicators and often it becomes, what I call the "next in line" rule. If price has gone through one target, the next target line becomes the next target. Maybe price hits a round number and you wonder what's next. I'll put the S&D lines on my chart and I have an idea of space and whether or not it's worth my time. You will see different targets on different time frames. If I don't need or want the lines on my charts, both are easily added or deleted as needed. An EURUSD M5 chart image with both indicators is attached below together with both indicators to download. Both are EX4 files, Sorry, I do not have the MQL4 version for either indicator. Both work fine on my Windows PC.

I hope this helps. Good trading everyone!

An article from Investing.com written by Kathy Lien on the possible market reactions to new U.S Fed Chairman Jerome Powell's testimony before Congress tomorrow.
https://www.investing.com/analysis/3...-usd-200294386

Good Monday,
EURUSD +41.4 pips
GBPJPY +92.7 pips
Finish for today.