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Genesis Matrix Trading

  • #13,381
  • May 16, 2013 1:46am May 16, 2013 1:46am
Quoting realjumper
{quote} I'm on the other side of the planet to you...just go to http://www.fxcm.co.uk and click the 'Contact Us' link at the top of the page. Also, FXCM runs a thread here at FF...go to http://www.forexfactory.com/showthre...=8960&page=242 and make a post to Jason (lol) as he is the FXCM rep who I'm sure will help you
Thanks RJ, you are helping me with everything, and so thanks to you I study English
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,382
  • May 16, 2013 2:04am May 16, 2013 2:04am
short
Attached Image (click to enlarge)
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Don't give up
  • #13,383
  • May 16, 2013 2:10am May 16, 2013 2:10am
Quoting geomink
short {image}
I think that you have entered is too early to
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,384
  • May 16, 2013 2:13am May 16, 2013 2:13am
Quoting geomink
short {image}
Be careful on that trade, because lately EJ and UJ have been pretty correlated. UJ seems to reject DP and stochs on EJ don't seem perfect to me. I didn't take the short signal on EJ for that reason. I am, however waiting to see how things develop on UJ.
  • #13,385
  • May 16, 2013 2:17am May 16, 2013 2:17am
Quoting geomink
short {image}
When you did exactly this yesterday I said: http://www.forexfactory.com/showthre...46#post6680946
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,386
  • May 16, 2013 2:19am May 16, 2013 2:19am
Quoting WDays
{quote} Be careful on that trade, because lately EJ and UJ have been pretty correlated. UJ seems to reject DP and stochs on EJ don't seem perfect to me. I didn't take the short signal on EJ for that reason. I am, however waiting to see how things develop on UJ.
luck of momentum
closed all
Don't give up
  • #13,387
  • May 16, 2013 2:26am May 16, 2013 2:26am
long
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Click to Enlarge Name: usdjpym5.png Size: 57 KB
Don't give up
  • #13,388
  • May 16, 2013 2:39am May 16, 2013 2:39am
Quoting geomink
long {image}
be
Don't give up
  • #13,389
  • May 16, 2013 2:48am May 16, 2013 2:48am
Quoting geomink
short {image}
I find it quite fascinating that most traders in the early stages, want to constantly want to take the hero trade against the HTF trend.

I know for ages, that was exactly how I traded.

Constantly getting chopped up. Or the rare occasion I got a reversal, there was massive volatility, and by the time my trade entered profit, I was so relieved, I would close with a small profit. Not very profitable (in fact, losses), but also hugely stressful.

Forex markets are renown for their strong trends, which is why we are all here in the first place.

There are so many easy trades, trading with HTF trend, I think the mindset should be "I am looking for retracement to enter with HTF trend", NOT "here is a reversal that is going to turn the entire markets, and I am going to get a huge reversal"

The later rarely happens, the former happens most of the time !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,390
  • May 16, 2013 2:58am May 16, 2013 2:58am
You're right Marty, I'm exactly the same, I always go in ahead of time, but thanks to this thread I'm starting to have to act calmly and deliberately.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,391
  • May 16, 2013 3:00am May 16, 2013 3:00am
Quoting Martyfish
{quote} I find it quite fascinating that most traders in the early stages, want to constantly want to take the hero trade against the HTF trend. I know for ages, that was exactly how I traded. Constantly getting chopped up. Or the rare occasion I got a reversal, there was massive volatility, and by the time my trade entered profit, I was so relieved, I would close with a small profit. Not very profitable (in fact, losses), but also hugely stressful. Forex markets are renown for their strong trends, which is why we are all here in the first place....
the trend is your friend, until it bends and ends
Don't give up
  • #13,392
  • May 16, 2013 3:14am May 16, 2013 3:14am
Quoting Martyfish
{quote} ... There are so many easy trades, trading with HTF trend...
Thanks Marty, wise words, sometimes a different mindset is required to properly read HTF, I have the feeling of being always "late" and selling the bottoms, or buying the tops, but that's what SL are for, to avoid getting caught in the wrong side on a real reversal.
The rules are so clear regarding this that should be painless. The most difficult thing I guess is to properly take the losses, sit and wait (especially if you have only a few hours of trading time). Anyway having a look at the daily/weekly charts is reassuring, trends are long and full of opportunities!
Good judgement comes from experience, experience comes from poor judgement
  • #13,393
  • May 16, 2013 3:26am May 16, 2013 3:26am
Quoting geomink
{quote} be
out

every kind of traps in this market infested by each type of bot and HFT
Don't give up
  • #13,394
  • May 16, 2013 3:34am May 16, 2013 3:34am
Quoting geomink
{quote} out every kind of traps in this market infested by each type of bot and HFT
How much profit (pips) were you in when you went to BE?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,395
  • May 16, 2013 3:47am May 16, 2013 3:47am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
I hope someone is on EURNZD ---- I wasn't watching...... Seems no one except our Finance Minister liked the Kiwi budget.
  • #13,396
  • May 16, 2013 3:50am May 16, 2013 3:50am
Quoting Jamz
I hope someone is on EURNZD ---- I wasn't watching...... Seems no one except our Finance Minister liked the Kiwi budget.
I liked it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,397
  • May 16, 2013 3:57am May 16, 2013 3:57am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} I liked it
Ha ha, good on you RJ. My delayed action thinking made me a little behind the 8ball as they say. No one skyped me a heads up either? Oh, I deleted my skype that's right! I have 5 or 6 currencies I now try to trade but hadn't checked.
  • #13,398
  • May 16, 2013 4:05am May 16, 2013 4:05am
Quoting realjumper
{quote} How much profit (pips) were you in when you went to BE?
15
Don't give up
  • #13,399
  • May 16, 2013 4:06am May 16, 2013 4:06am
Quoting Jamz
{quote} Ha ha, good on you RJ. My delayed action thinking made me a little behind the 8ball as they say. No one skyped me a heads up either? Oh, I deleted my skype that's right! I have 5 or 6 currencies I now try to trade but hadn't checked.
I never had a position on the Kiwi or the Aussie today due to the budget, so I was doing other things instead. I had a short on EU for most of the day but I Killed it at +10 as the bears seem to be exhausted for now.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,400
  • May 16, 2013 4:07am May 16, 2013 4:07am
RJ,

if I may ask, why don't you like trading eur/gbp and GBP pairs?

I don't want to know your private questionw, only with purpose of well understanding

hope not too OT

thx
Don't give up
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