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Genesis Matrix Trading

  • #7,241
  • Nov 13, 2012 2:35am Nov 13, 2012 2:35am
Quoting realjumper
I didn't see it to be be honest
Can't blame you for that, Happens to me so often
But when I looked at the trade on my M15 chart and back to M5, I can see that it is one of the better looking set-ups. Certainly ticks a lot of boxes.

PS thanks for the vouch. Very kind of you
Please Do Not PM Me With Coding Enquiries
  • #7,242
  • Nov 13, 2012 2:38am Nov 13, 2012 2:38am
Quoting Gumrai
Not afraid of the BRN ?
Could you be kind enough to tell me what BRN means.

Thanks.
  • #7,243
  • Nov 13, 2012 2:39am Nov 13, 2012 2:39am
Quoting insainty
Could you be kind enough to tell me what BRN means.

Thanks.
Big Round Number
  • #7,244
  • Nov 13, 2012 2:39am Nov 13, 2012 2:39am
Quoting insainty
Could you be kind enough to tell me what BRN means.

Thanks.
BIG ROUND NUMBER
There`s no life before COFFEE!
  • #7,245
  • Nov 13, 2012 2:40am Nov 13, 2012 2:40am
Quoting insainty
Could you be kind enough to tell me what BRN means.

Thanks.
Big Round Number
RJ's AU trade was just bout on 1.0400
Please Do Not PM Me With Coding Enquiries
  • #7,246
  • Nov 13, 2012 2:40am Nov 13, 2012 2:40am
Thanks got it
  • #7,247
  • Nov 13, 2012 2:41am Nov 13, 2012 2:41am
Quoting Gumrai
Can't blame you for that, Happens to me so often
But when I looked at the trade on my M15 chart and back to M5, I can see that it is one of the better looking set-ups. Certainly ticks a lot of boxes.

PS thanks for the vouch. Very kind of you
I'll let this trade ride for a while.....it's at BE but my SL is still above the swing high & DP. I'll let it be and see where it goes.

You're welcome for the vouch....you deserve it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,248
  • Nov 13, 2012 2:41am Nov 13, 2012 2:41am
Quoting werther
Short EU.Taking some profits!!
I´m learning the system.I´m trading only microlots or demo and putting the stops and targets mentally(maybe it´s not the best thing to do).

Anyway I think this was a very nice GENESIS SETUP !
You should really get in the habit of using a SL, it will save your account! You may get lucky a few times but trust me its to tempting to say it will turn around! It is absolutely unforgivable to give back 20 good trades with 1 stupid bullshit trade that you could have had a sl on!
  • #7,249
  • Nov 13, 2012 2:43am Nov 13, 2012 2:43am
Hi Rj,

First I have to say I am very impressed with the system still on demo
I am also still newbie done the babypips School.

I have just one quick question regarding to the Short you took on AU with the BRN(Big Round Number).
Is it bad and how would you play it out? Thanks in advanced
  • #7,250
  • Nov 13, 2012 2:44am Nov 13, 2012 2:44am
Sorry was to slow with my reply but thanks anyway.
  • #7,251
  • Nov 13, 2012 2:45am Nov 13, 2012 2:45am
Quoting Jandre
You should really get in the habit of using a SL, it will save your account! You may get lucky a few times but trust me its to tempting to say it will turn around! It is absolutely unforgivable to give back 20 good trades with 1 stupid bullshit trade that you could have had a sl on!
Yep.....I agree 100%. All it takes is for Draghi to cough or Bernanke to sneeze or Moodies to grumble about the 'fiscal cliff' and you see a 100 pip spike go against you while you're not looking!!

Use the SL.....one day you'll be so glad you did
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,252
  • Nov 13, 2012 2:46am Nov 13, 2012 2:46am
Quoting Jandre
You should really get in the habit of using a SL, it will save your account! You may get lucky a few times but trust me its to tempting to say it will turn around! It is absolutely unforgivable to give back 20 good trades with 1 stupid bullshit trade that you could have had a sl on!
OK.Thanks
  • #7,253
  • Nov 13, 2012 2:48am Nov 13, 2012 2:48am
Quoting jono717
Hi Rj,

First I have to say I am very impressed with the system still on demo
I am also still newbie done the babypips School.

I have just one quick question regarding to the Short you took on AU with the BRN(Big Round Number).
Is it bad and how would you play it out? Thanks in advanced
The trade and entry was good, but I didn't notice the BRN.....my mistake. I saw where S1 is placed, and that is of minor concern, but with the BRN also so close, I would not have entered had I seen the BRN there. I would have waited for a break of S1 and the end of the BRN, or else gone and looked for a better trade on another pair.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,254
  • Nov 13, 2012 2:48am Nov 13, 2012 2:48am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
Jandre Quote:
Originally Posted by werther http://images.forexfactory.net/buttons/viewpost.gif
Short EU.Taking some profits!!
I´m learning the system.I´m trading only microlots or demo and putting the stops and targets mentally(maybe it´s not the best thing to do).

Anyway I think this was a very nice GENESIS SETUP !


You should really get in the habit of using a SL,

I will 2nd that Jandre. I have a friend trader who was short NZDUSD some time ago without a stoploss, saying, "oh, it isn't much" but he has not skyped me for over a month so I guess he is still living in pain waiting for it to come down to .74cents again. Better to be stopped out and to have peace of mind and save your account for another perfect setup -- with Genesis of course.....
  • #7,255
  • Nov 13, 2012 2:50am Nov 13, 2012 2:50am
Quoting realjumper
The trade and entry was good, but I didn't notice the BRN.....my mistake. I saw where S1 is placed, and that is of minor concern, but with the BRN also so close, I would not have entered had I seen the BRN there. I would have waited for a break of S1 and the end of the BRN, or else gone and looked for a better trade on another pair.
Thanks RJ will keep that in mind.
  • #7,256
  • Nov 13, 2012 2:50am Nov 13, 2012 2:50am
Quoting braciola
I took the stop loss
There was a great re-entry trade not long after your SL was hit. I hope you took it because if you did, you should be back to even again by now.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,257
  • Nov 13, 2012 2:56am Nov 13, 2012 2:56am
Quoting realjumper
There was a great re-entry trade not long after your SL was hit. I hope you took it because if you did, you should be back to even again by now.
Also notice the Bearish divergence during the euro open, I was sold after I spotted it! I literally have been spotting divergence almost every time before a good genesis signal!

Ps. I have a printout of the divergence cheat sheet on the wall at my trade station, along with my trading commandments! lol
  • #7,258
  • Nov 13, 2012 3:06am Nov 13, 2012 3:06am
Quoting realjumper
The trade and entry was good, but I didn't notice the BRN.....my mistake. I saw where S1 is placed, and that is of minor concern, but with the BRN also so close, I would not have entered had I seen the BRN there. I would have waited for a break of S1 and the end of the BRN, or else gone and looked for a better trade on another pair.
Last week when you said to me to be wary of support on EU at 1.2700 it still didn't sink in with me that it was a BRN.
Please Do Not PM Me With Coding Enquiries
  • #7,259
  • Nov 13, 2012 3:06am Nov 13, 2012 3:06am
Quoting werther
Short EU.Taking some profits!!
I´m learning the system.I´m trading only microlots or demo and putting the stops and targets mentally(maybe it´s not the best thing to do).

Anyway I think this was a very nice GENESIS SETUP !
Managing your SL and TP manually is fine, but for the SL you should always have one put in place to protect you from the unexpected. You can have one that is further away, just in case something really bad happened, like 9/11 or announcement from someone, it will never be used in normal condition as you manage it manually, but you'll be protected in any case. For TP, well, as long as you stay in front of the monitor, managing manually is fine.
  • #7,260
  • Nov 13, 2012 3:08am Nov 13, 2012 3:08am
Quoting Jandre
Also notice the Bearish divergence during the euro open, I was sold after I spotted it! I literally have been spotting divergence almost every time before a good genesis signal!

Ps. I have a printout of the divergence cheat sheet on the wall at my trade station, along with my trading commandments! lol
hee hee hee......so do I....I can never remember which way they go!!
Doing what you like is Freedom. Liking what you do is Happiness.
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