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Genesis Matrix Trading

  • #4,901
  • Sep 28, 2012 6:09am Sep 28, 2012 6:09am
WOW GU just dropped like a stone !!

Closed GU + 19 pips

Stoch: Loverly M5 div
Tape: H1,M15,M5

Close at S1
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,902
  • Sep 28, 2012 6:11am Sep 28, 2012 6:11am
Quoting hullas
Now I need to find when to exit
Go ahead take your money, close 70-90% and TS the rest
Look at something long enough, you will eventually get it.
  • #4,903
  • Sep 28, 2012 6:12am Sep 28, 2012 6:12am
Quoting realjumper
Yep....fair enough....the trade is turning into a good one....and I missed out! My mistake and my bad call

Good on you who took it and are in the green
I missed it as well
Look at something long enough, you will eventually get it.
  • #4,904
  • Sep 28, 2012 6:12am Sep 28, 2012 6:12am
Quoting realjumper
Daylight Saving in NZ begins this weekend......so for any Kiwi's here, you'll have to adjust your Market Open Times indicator. I think UK and USA change at the end of October.

So from next week, I'll have to stay up until 3am......and from the end of October, have to stay up until 4am.....lol.....the joys of fx trading
Well for me on the east coast of Aus, this works well. Currently London Open is 4pm my time, and by the time family duties are done, it's 7:30pm at the earliest. So I'm ekeing out trades from the lull before the NY open.

Two hours earlier into the London market will surely be a good thing for me.
  • #4,905
  • Edited 6:21am Sep 28, 2012 6:15am | Edited 6:21am
Quoting Martyfish
WOW GU just dropped like a stone !!

Closed GU + 19 pips

Stoch: Loverly M5 div
Tape: H1,M15,M5

Close at S1
Yeah I got that one too......very unusual for me to be trading GU, let alone twice on the same night....still....pips is pips!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,906
  • Sep 28, 2012 6:22am Sep 28, 2012 6:22am
Quoting Martyfish
WOW GU just dropped like a stone !!

Closed GU + 19 pips

Stoch: Loverly M5 div
Tape: H1,M15,M5

Close at S1
Marty! Can you explain your enter? why you sell against daily pivot??
  • #4,907
  • Sep 28, 2012 6:23am Sep 28, 2012 6:23am
Quoting realjumper
The M5 stoch is almost on the floor...
The Stox was fine when people draw the entry line on the actual signal candle (apologies if I sound like a grandad or a broken record lol)
DP @2890 & 80%ATR @2886 nice TPs if we can break 2900 & hit a few of those stops parked just below as usual...
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  • #4,908
  • Sep 28, 2012 6:26am Sep 28, 2012 6:26am
Quoting olivierforex
The Stox was fine when people draw the entry line on the actual signal candle (apologies if I sound like a grandad or a broken record lol)
DP @2890 & 80%ATR @2886 nice TPs if we can break 2900 & hit a few of those stops parked just below as usual...
sorry for that
  • #4,909
  • Sep 28, 2012 6:27am Sep 28, 2012 6:27am
Took this one for 13 pips. Small profit though but better then nothing
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  • #4,910
  • Sep 28, 2012 6:28am Sep 28, 2012 6:28am
Quoting sp33ncer
sorry for that
No need to be sorry young man, just be happy as it is/was a good trade.
  • #4,911
  • Sep 28, 2012 6:29am Sep 28, 2012 6:29am
Quoting Martyfish
WOW GU just dropped like a stone !!

Closed GU + 19 pips

Stoch: Loverly M5 div
Tape: H1,M15,M5

Close at S1
Would you mind posting a chart with your entry arrows, etc. - you really seem to be catching most of these moves. Thanks.
  • #4,912
  • Sep 28, 2012 6:29am Sep 28, 2012 6:29am
Quoting olivierforex
The Stox was fine when people draw the entry line on the actual signal candle (apologies if I sound like a grandad or a broken record lol)
DP @2890 & 80%ATR @2886 nice TPs if we can break 2900 & hit a few of those stops parked just below as usual...
Yes, that's the confusion isn't it?......When I draw my trade lines, the entry is right on the open of the next candle, and I have never deviated from this practice. I assume others are doing the same, and if they're not, then that's where the problem occurs. It's worse still because I don't use MT4 for executing my trades so I can't show the the broker generated entry.

The way I plot it on MT4 is, as I said, the same way I have always done for years......and is shown right from the first post!! It's not going to change now!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,913
  • Sep 28, 2012 6:29am Sep 28, 2012 6:29am
Quoting makron
Marty! Can you explain your enter? why you sell against daily pivot??
Opened trade on first candle that open below PP.

M5 Stoch diverged massively and tape turned solid red on the candle that broke through the PP.

Very tight stop.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,914
  • Sep 28, 2012 6:41am Sep 28, 2012 6:41am
Made +10 on EU got my TS hit but still profit
  • #4,915
  • Sep 28, 2012 6:44am Sep 28, 2012 6:44am
Quoting realjumper
The way I plot it on MT4 is, as I said, the same way I have always done for years......and is shown right from the first post!! It's not going to change now!!
Fair enough Grandad: that's the problem with us old folks, we're just so set in our own ways hehehehehe
To all the others: draw your lines as you please and how it works for you.
That just leaves Yelena, Minako & me...
  • #4,916
  • Sep 28, 2012 6:53am Sep 28, 2012 6:53am
Quoting olivierforex
Fair enough Grandad: that's the problem with us old folks, we're just so set in our own ways hehehehehe
To all the others: draw your lines as you please and how it works for you.
That just leaves Yelena, Minako & me...
"Grandad"......lol.....not in this lifetime!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,917
  • Sep 28, 2012 7:07am Sep 28, 2012 7:07am
Quoting frontline141
short Au closed' +23pips
Nice one. Took same trade but stayed in too long, +16.5. Can't complain.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #4,918
  • Sep 28, 2012 7:09am Sep 28, 2012 7:09am
Closed at BE+1
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  • #4,919
  • Sep 28, 2012 7:13am Sep 28, 2012 7:13am
I didn't take this long signal, but what does anyone else think?

Pros
NY was just about to open
possibly bouncing off pivot
M5 and M15 pointing in the right direction

Cons
M15 and H1 tape shows down

Was it a valid (high probability) entry?
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  • #4,920
  • Sep 28, 2012 7:24am Sep 28, 2012 7:24am
Quoting idempotent
I didn't take this long signal, but what does anyone else think?

Pros
NY was just about to open
possibly bouncing off pivot
M5 and M15 pointing in the right direction

Cons
M15 and H1 tape shows down

Was it a valid (high probability) entry?
M5 was not pointing in the right direction (it was already pointing down AND already well in OB territory).
+ it looks weird where you've put your line for your entry as it's not a long signal there (1 red dot)
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