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Genesis Matrix Trading

  • #1,881
  • Aug 9, 2012 7:52am Aug 9, 2012 7:52am
Quoting DmitryFX
Classical Bullish divergence @ EU and EJ charts as well...
Well done for spotting the divergence. I didn't take EU but I did take EJ because looking at the M15 chart, EJ looks good but not so EU, imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,882
  • Aug 9, 2012 7:59am Aug 9, 2012 7:59am
Quoting realjumper
Well done for spotting the divergence. I didn't take EU but I did take EJ because looking at the M15 chart, EJ looks good but not so EU, imo
So, I think you made about 20 pips profit with EJ.
For sorry my trade closed with 10pips SL.
Everything is possible!!! Step by Step...
  • #1,883
  • Aug 9, 2012 8:02am Aug 9, 2012 8:02am
Quoting DmitryFX
So, I think you made about 20 pips profit with EJ.
For sorry my trade closed with 10pips SL.
Not a big enough stop loss you should place it below the swing low.
  • #1,884
  • Aug 9, 2012 8:02am Aug 9, 2012 8:02am
Quoting DmitryFX
So, I think you made about 20 pips profit with EJ.
For sorry my trade closed with 10pips SL.
+15 from EJ because I didn't enter until after S1.It was a counter trend scalp to bring up my daily target. So that might be all from me today unless something juicy comes along.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,885
  • Aug 9, 2012 8:19am Aug 9, 2012 8:19am
Hay Guys,

I wanna share with you my First Win Trade (more than +20 pips)

May the trade is not finished but I close it because I don't know exactally how I exit from my trade

Hope you do the same
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  • #1,886
  • Aug 9, 2012 8:28am Aug 9, 2012 8:28am
Quoting bugsbunny110
Hay Guys,

I wanna share with you my First Win Trade (more than +20 pips)

May the trade is not finished but I close it because I don't know exactally how I exit from my trade

Hope you do the same
Well done!!

Just a tip, this is what I do most of the time......I move my SL down manually to trail the PA. Then, if the PA goes down some more, like it just did on GU, you might be able to lock in a few more pips.

This is how I usually do it.....(except I didn't follow my rules and to it properly today, making life harder for myself that it needed to be).....and eventually I will get stopped out in profit, because the move won't go forever!! Very often it pays well to use this method.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,887
  • Aug 9, 2012 8:31am Aug 9, 2012 8:31am
Quoting ohammond
Not a big enough stop loss you should place it below the swing low.
Any way, price came back lower then privious low...
Everything is possible!!! Step by Step...
  • #1,888
  • Aug 9, 2012 8:34am Aug 9, 2012 8:34am
Quoting realjumper
+15 from EJ because I didn't enter until after S1.It was a counter trend scalp to bring up my daily target. So that might be all from me today unless something juicy comes along.
What is your daily goal?
Everything is possible!!! Step by Step...
  • #1,889
  • Aug 9, 2012 8:35am Aug 9, 2012 8:35am
Quoting DmitryFX
What is your daily goal?
100
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,890
  • Aug 9, 2012 8:43am Aug 9, 2012 8:43am
Quoting realjumper
100
Wow! Master! Very good!
So, I hope one day I will stay also profitable trader
Everything is possible!!! Step by Step...
  • #1,891
  • Aug 9, 2012 8:47am Aug 9, 2012 8:47am
Quoting realjumper
100
RJ are you mostly on the 5min time frame ?
Look at something long enough, you will eventually get it.
  • #1,892
  • Aug 9, 2012 8:49am Aug 9, 2012 8:49am
Quoting DmitryFX
Wow! Master! Very good!
So, I hope one day I will stay also profitable trader
It's not really that difficult. I trade 4 pairs so it's only +25 per pair over an 8 hour period. Sometimes I don't reach the target.....sometimes it gets smashed. It all averages out in the end.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,893
  • Aug 9, 2012 8:50am Aug 9, 2012 8:50am
Quoting traco1
RJ are you mostly on the 5min time frame ?
Yeah mostly. I often look at M15 for guidance, and I trade M1 sometimes, but mostly it is M5
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,894
  • Aug 9, 2012 8:52am Aug 9, 2012 8:52am
Quoting realjumper
It's not really that difficult. I trade 4 pairs so it's only +25 per pair over an 8 hour period. Sometimes I don't reach the target.....sometimes it gets smashed. It all averages out in the end.
Easy to say but sounds good! Will do the best to get the same target)
Meanwhile, I am focused at EU EJ GU AU. Also 4 pairs )))
Everything is possible!!! Step by Step...
  • #1,895
  • Aug 9, 2012 8:55am Aug 9, 2012 8:55am
Quoting DmitryFX
Easy to say but sounds good! Will do the best to get theh samem target)
Meanwhile, I am focused at EU EJ GU AU. Also 4 pairs )))
You have to set a target that you can achieve......otherwise you end up over trading and killing your account. It's taken me a long time to get consistent and it has been a bumpy road. There is no short cut......screen time and practice with a large dose of patience is required!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,896
  • Aug 9, 2012 8:57am Aug 9, 2012 8:57am
[quote=realjumper;5916295][/list]This is where it comes down to experience. The bear flag breakout that I spoke of really part of the same move that began at London open.....because it is part of the same move, stoch is not quite so important being low, because it shows that the move is strong.


Yes, cooking is an art...by the way on M1 you might get an earlier entry with the stoch on trigger position.
  • #1,897
  • Aug 9, 2012 9:01am Aug 9, 2012 9:01am
[quote=cuchuflito;5916951]
Quoting realjumper
[/list]This is where it comes down to experience. The bear flag breakout that I spoke of really part of the same move that began at London open.....because it is part of the same move, stoch is not quite so important being low, because it shows that the move is strong.


Yes, cooking is an art...by the way on M1 you might get an earlier entry with the stoch on trigger position.

Yes indeed...I generally only use M1 when the market is in a tight range, but you're right, you get a better entry on M1 but it's not for the faint hearted!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,898
  • Aug 9, 2012 9:03am Aug 9, 2012 9:03am
Quoting DmitryFX
Any way, price came back lower then privious low...
trend for today is obviously down, take a look on 15M

in such days of strong trend I think it's safer to only go counter-trade if signal is generated at strong S/R and if ADR is already exausted.

eur/usd has not yet touched 80% of it's ADR, so it may not be a good idea to go long right now. Don't put yourself in front of a moving train.
  • #1,899
  • Aug 9, 2012 9:12am Aug 9, 2012 9:12am
Quoting DmitryFX
Any way, price came back lower then privious low...
My mistake, I thought you were talking about EJ, I didn't take EU because the 15m stoch was still below 20, I wait until it comes above that. It was also right on top of the weekly pivot.
  • #1,900
  • Aug 9, 2012 9:17am Aug 9, 2012 9:17am
2 RJ:
I spent with FX more then 1 year already, and only now comming first understanding... My achive is only one - to be succesful with FX, because nothing more really intrested me...
2 Jack:
Well, you right. I was wrong. Only thing I need is the practise and patience...
2 Ohammond:
EJ is really different today... I was wrong about the right train for sure.
Everything is possible!!! Step by Step...
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