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Genesis Matrix Trading

  • #8,301
  • Dec 13, 2012 7:47pm Dec 13, 2012 7:47pm
Quoting jinchu
Hi RJ,

Regarding the EJ trade you have taken (Which Teapeak also took... Congrats to Teapeak )
would you acknowledge that it is a "higher risk" trade since it is counter trend and therefore you would place a tight SL?
Isn't that what I said?

Quoting jinchu
as teapeak is making good pips by holding on the trade, if in the future same scenario happen again,
would you change your style and placed the SL not as tight as before?
No. What did I lose?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,302
  • Dec 13, 2012 8:31pm Dec 13, 2012 8:31pm
Quoting realjumper
Isn't that what I said?



No. What did I lose?
Thanks for the answer
now I understand
Failure leads to Success if one learns from mistakes and never give up
  • #8,303
  • Edited 10:41pm Dec 13, 2012 9:13pm | Edited 10:41pm
Yens have gone on a mission this morning.

Whilst yesterday wasn't a shining light for myself, stopped out on b/e twice and turning a winner into a losing trade

Moved on to today

UJ and EJ trades closed with 65 pips between them. Must admit they were nice and fat

Closed MT4 and will return at London open...
  • #8,304
  • Dec 13, 2012 11:38pm Dec 13, 2012 11:38pm
Quoting bryce
Yens have gone on a mission this morning.

Whilst yesterday wasn't a shining light for myself, stopped out on b/e twice and turning a winner into a losing trade

Moved on to today

UJ and EJ trades closed with 65 pips between them. Must admit they were nice and fat

Closed MT4 and will return at London open...
The Tokyo session has been great for trading across many pairs recently......and it's good for those of us 'down under'......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,305
  • Dec 14, 2012 5:14am Dec 14, 2012 5:14am
Quoting Ta Hui
HI Oli, thnx for the update. I will study it more closely on the weekend with another pair.
Hi again Ta Hui,
This is what I mean about "various TPs along the way"
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  • #8,306
  • Dec 14, 2012 5:34am Dec 14, 2012 5:34am
Quoting olivierforex
Hi again Ta Hui,
This is what I mean about "various TPs along the way"
Hi Oli,
OK, I understand now.
  • #8,307
  • Dec 14, 2012 3:18pm Dec 14, 2012 3:18pm
Hello ladies and gentlemen, sorry for the broken English - I'm Russian (I just started learning English), mainly use Google translator. Your topic very much, I read with admiration.
  • #8,308
  • Dec 14, 2012 3:37pm Dec 14, 2012 3:37pm
I'm a little Usovershenstvoannye your trading strategy - the result is seven winning trades out of 10 fixed StoppLosoom. I want to thank the author. Willing to share profit.
  • #8,309
  • Dec 14, 2012 3:50pm Dec 14, 2012 3:50pm
The strategy is excellent. The main thing is always to work with the trend. There stoplos but very rarely. Time to recognize the main flat.
  • #8,310
  • Dec 16, 2012 5:15am Dec 16, 2012 5:15am
EU H4 Strategy Weekly Update:
See
http://www.forexfactory.com/showthre...10#post6253310 (Start)
http://www.forexfactory.com/showthre...47#post6275247 (Update 1)

Quoting olivierforex
...but EU turned long above 2968 and is currently showing a best of +46; next 'mathematical' TPs are +69 (3037) & +81 (3049). Should we get past that, again the math suggests we revisit the +157/+170 (3125/3138) area
Only one trade again this week, Long from 1.2964 and currently with a 'Best' of +204.
Notes:
.it's good to see that the previous mathematical 'bests' (3049 & 3125 areas) did provide some initial resistance on the way up (to me this add strength & validity to these numbers being "TPs along the way" - see my previous post).
.it's nice to see a new 'best' also
.I need to do some work on those "TPs along the way" because as the 'bests' get larger, some profit will need to be taken/protected along the way.
.I also need to look at the Drawdown on the smaller TFs because the H4 chart does not give a real representation of it.
Quoting olivierforex
Bear in mind that H4 charts do not give the full 'live' picture but they reflect only a possible 'worst case' scenario: when you look at the H4 entry candle (not the signal one), you have no way of knowing if on that H4 candle the entry was activated before the drawdown or vice versa. You have to zoom down to the lower TFs to get the true number and on this occasion the 'real' drawdown was only -3/4 pips and not -46! The point is that if a strategy already looks good on a worst case scenario basis then you're likely to be able to refine it and make...
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  • #8,311
  • Dec 16, 2012 7:41pm Dec 16, 2012 7:41pm
EU has matched the mid September high and might be worth watching. Stoch hasn't made any move to cross or turn over yet.......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,312
  • Dec 16, 2012 8:48pm Dec 16, 2012 8:48pm
Don't know if anyone else is in the Kiwi trade....it's not the best time of the day to be doing this, but the Kiwi is coming off a double top of February so it might pay. it's a small speculative trade so time will tell.......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,313
  • Dec 16, 2012 8:52pm Dec 16, 2012 8:52pm
me, heavy involved..
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How to opt out annoying user signatures ??
  • #8,314
  • Dec 16, 2012 9:03pm Dec 16, 2012 9:03pm
Quoting Toranaga
me, heavy involved..
If the trade works out I will add to it later. At the moment the DP is holding up progress so SL is at BE......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,315
  • Dec 16, 2012 9:13pm Dec 16, 2012 9:13pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
If the trade works out I will add to it later. At the moment the DP is holding up progress so SL is at BE......
Took trade on Demo to see how it went and traded out at DP for +9
  • #8,316
  • Dec 17, 2012 1:00am Dec 17, 2012 1:00am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Jamz
Took trade on Demo to see how it went and traded out at DP for +9
Added live trade at DP and just moved to BE +11
  • #8,317
  • Dec 17, 2012 1:03am Dec 17, 2012 1:03am
Quoting Jamz
Added live trade at DP and just moved to BE +11
I'm still in this mornings trade, but I haven't added to it yet.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,318
  • Dec 17, 2012 2:23am Dec 17, 2012 2:23am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Jamz
Added live trade at DP and just moved to BE +11
Pipped out of that one with half a pip. Afterwards is a horrible event! Should of....could of....and if only ....come to mind first of all. Then, aha, it was B.E. which is quite satisfactory!
  • #8,319
  • Dec 17, 2012 2:35am Dec 17, 2012 2:35am
Quoting Jamz
Pipped out of that one with half a pip. Afterwards is a horrible event! Should of....could of....and if only ....come to mind first of all. Then, aha, it was B.E. which is quite satisfactory!
Lol.....I'm still hanging in there!.....there's nothing much else on offer at the moment.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,320
  • Dec 17, 2012 5:55pm Dec 17, 2012 5:55pm
Quoting realjumper
Lol.....I'm still hanging in there!.....there's nothing much else on offer at the moment.....
I ended up closing that one for +25.....wow....what a long wait for 25 pips!!

The year is winding down so perhaps there will not be many more opportunities until next year. I'll be off on holiday in a few days too, which will be a nice break.....perhaps many have already gone on their holiday breaks, or perhaps no one other than a small handful of people want to post here......hmmm.....have to consider this for next year because I certainly won't keep the thread alive if no one wants to participate!

I have spoken to the FF admin about the possibility of introducing a daily table of pivot points, something like actionforex has, but to make the updates to the table on time.....actionforex can be quite late at times, which is annoying for traders of the Tokyo session. I have been told that the developers here at FF are interested in looking into this for the future, so if we keep our fingers crossed we might have this very useful information right here, on time, at FF, rather than going outside to actionforex for the information. Perhaps it might make the brokers take note that we all want the same standardized information, without Sunday candles, and without messing around with server times, offsets, daylight saving and other crap.

So I won't be posting much until next year because I am going to be very busy shifting houses etc, but do think about participating by posting in your thread next year.....if people just lurk and read the posts of the same small handful of people every day, that small handful of people might just post amoung themselves in a closed environment, and then this thread will close. Think about it.

I will be in and out for a few days, but while I'm here now, have a great Christmas break, rest, drink and eat heaps and have fun. Most of all though, stay safe!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
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