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Genesis Matrix Trading

  • #8,741
  • Jan 18, 2013 2:36am Jan 18, 2013 2:36am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting gtudor
it's time to go down EURUSD!
.......but just to have things covered, it could go up!
  • #8,742
  • Jan 18, 2013 2:38am Jan 18, 2013 2:38am
I don't much like trading GU.....but never-the-less...lol
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,743
  • Jan 18, 2013 2:41am Jan 18, 2013 2:41am
Quoting gtudor
it's time to go down EURUSD!
There's a divergence on the H1 as well......something to watch out for
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,744
  • Jan 18, 2013 2:50am Jan 18, 2013 2:50am
I took +24 pips off of Cable. Bounced off of the daily pivot along with all the trimmings. Look at all those red arrows on the dashboard.

I closed at S1, but there could be more pips there.
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  • #8,745
  • Jan 18, 2013 2:50am Jan 18, 2013 2:50am
Quoting realjumper
I don't much like trading GU.....but never-the-less...lol
SL is down to 5956...just above S1 so profit is locked in
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,746
  • Jan 18, 2013 3:03am Jan 18, 2013 3:03am
Yesterday GU has taken me to the dept.. but today it gave it back with a small percentage

Closed +26.
Attached Image (click to enlarge)
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Let's go with the flow
  • #8,747
  • Jan 18, 2013 3:05am Jan 18, 2013 3:05am
Quoting realjumper
SL is down to 5956...just above S1 so profit is locked in
Hmm I missed your earlier post with the trade. I already took my profit at S1, so I will watch how you play this and maybe learn something.
  • #8,748
  • Jan 18, 2013 3:09am Jan 18, 2013 3:09am
Hi all, well I took this trade with the cable today around the FF open. Clearly hindsight now shows me that I would of waited for:

1) The London Open, or wait for the London open to settle
2) Wait for the Pivot bounce
3) Wait for the 5min stochastics to be in a better position.

Any additional comments please..

Cheers
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  • #8,749
  • Jan 18, 2013 3:15am Jan 18, 2013 3:15am
Quoting Wamo
Hmm I missed your earlier post with the trade. I already took my profit at S1, so I will watch how you play this and maybe learn something.
You may have made a good choice.....no one ever went broke from taking profit!! Personally I see no need to exit just yet, and I have about +15 locked in, so there's no losing from here on. I'd like to think that S2 is possible, but if I get stopped at +15, so be it!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,750
  • Jan 18, 2013 3:18am Jan 18, 2013 3:18am
GU news in about 13 minutes so that might put the cat amoung the pigeons!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,751
  • Jan 18, 2013 3:19am Jan 18, 2013 3:19am
Quoting serj
Hi all, well I took this trade with the cable today around the FF open. Clearly hindsight now shows me that I would of waited for:

1) The London Open, or wait for the London open to settle
2) Wait for the Pivot bounce
3) Wait for the 5min stochastics to be in a better position.

Any additional comments please..

Cheers
Hello, Serj!

You opened trade in ten minutes before FO. It's always better to wait for the confirmation of market's opening (of course, you may miss a train sometimes, but..) And, personally, I was expecting a test of DP in this case.
Just my few cents..
Let's go with the flow
  • #8,752
  • Jan 18, 2013 3:28am Jan 18, 2013 3:28am
Quoting realjumper
I don't much like trading GU.....but never-the-less...lol
Great trade and good job RJ,
Can i ask you, what is name of this 3 arrow MT4 indicator (15m), that you have post in your chart? Or how setup to see also same chart as you have, main arrow 5m and higher time frame arrow 15m (3 arrows). Sorry for such question, i am forex newbie, just trying to learn how to trade thanks for answer
P.S. Or RJ can you please be nice and share this indicator, thx
  • #8,753
  • Jan 18, 2013 3:32am Jan 18, 2013 3:32am
Took EU +30 and EJ +32.
My exit for EU was DP, and for EJ round number 120.
But in my opinion, if the matrix is till red, and if the stox are pointing down in oversold with good candles formating, it can still go further.
Maybe my EJ exit was premature?
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  • #8,754
  • Jan 18, 2013 3:43am Jan 18, 2013 3:43am
Quoting nikz
Took EU +30 and EJ +32.
My exit for EU was DP, and for EJ round number 120.
But in my opinion, if the matrix is till red, and if the stox are pointing down in oversold with good candles formating, it can still go further.
Maybe my EJ exit was premature?

Nice trades.

I am still in the EJ. My target i 5 points over the DP.
We will see.
  • #8,755
  • Jan 18, 2013 3:44am Jan 18, 2013 3:44am
Quoting realjumper
GU news in about 13 minutes so that might put the cat amoung the pigeons!!
The GU news sent the price in the right direction, but it's like watching grass grow....most unusual for GU. I will look to exit at 5905 - 5900 unless the price smashes through the round number....which doesn't look likely at this stage. SL at +25 now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,756
  • Jan 18, 2013 3:47am Jan 18, 2013 3:47am
Quoting Fame of me
Nice trades.

I am still in the EJ. My target i 5 points over the DP.
We will see.
Also still in EJ. HTF's all still down. Profit already locked in +27pips
  • #8,757
  • Jan 18, 2013 4:24am Jan 18, 2013 4:24am
Quoting realjumper
The GU news sent the price in the right direction, but it's like watching grass grow....most unusual for GU. I will look to exit at 5905 - 5900 unless the price smashes through the round number....which doesn't look likely at this stage. SL at +25 now
Manually closed at +42.....progress is too slow for GU.....and my patience!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,758
  • Jan 18, 2013 4:38am Jan 18, 2013 4:38am
Quoting nikz
Took EU +30 and EJ +32.
My exit for EU was DP, and for EJ round number 120.
But in my opinion, if the matrix is till red, and if the stox are pointing down in oversold with good candles formating, it can still go further.
Maybe my EJ exit was premature?
Hello, nikz!

RN (especially, big RN - *.*1000, *.*2000 etc.) is a reasonable point for exiting. But, if you want to let your trade run or if you have another target for TP, you can take a note of what I usually do.
If I have an open trade, already in profit and price went up to the round number - I'm starting to watch closely at what price is doing:
1. If price passed through a RN without hesitation with a good move, I will tighten my SL at 4-5 pips above/below RN.
2. If candle closed right on RN or 1-2 pips below/above it (and candle is not a pinbar and not very small), I will tighten my SL at few pips above/below of 50% of the candle.
3. If candle closed right on RN or 1-2 pips below/above it and it's a pin, I will tighten SL above/below pin, or even close it manually (depends on profit amount and my mood ).
You can also find an examples below.

Sometimes it works well, sometimes it doesn't, but in general it's working pretty well for me personally.
Hope it helps.

P.S. Please take a note that I'm using this method only when I'm in good profit already, because if you get out from trades too soon and very often - it's not good for your MM.
Attached Image(s) (click to enlarge)
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Let's go with the flow
  • #8,759
  • Jan 18, 2013 5:14am Jan 18, 2013 5:14am
Quoting artem_t
Hello, nikz!

RN (especially, big RN - *.*1000, *.*2000 etc.) is a reasonable point for exiting. But, if you want to let your trade run or if you have another target for TP, you can take a note of what I usually do......

Great! Thank you for your advices and examples, your post goes to my notebook

Do you think the same logic goes for HA candles?
  • #8,760
  • Jan 18, 2013 5:32am Jan 18, 2013 5:32am
Quoting nikz
Great! Thank you for your advices and examples, your post goes to my notebook

Do you think the same logic goes for HA candles?
I personally don't like HA and don't use them. But, you can try to use similar method with HA, of course (except candlestick formation, because you don't see it on HA).
Let's go with the flow
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