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Genesis Matrix Trading

  • #13,641
  • May 21, 2013 1:23am May 21, 2013 1:23am
Quoting Cold_W
{quote} Sorry about that


,,,, sorry about that? ..... you have to think about these things CW..... it doesn't take very much to get this guy excited!
.... laughing all the way to the bank
  • #13,642
  • May 21, 2013 1:24am May 21, 2013 1:24am
I will remove this templ in couple hours. Just to show settings
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File Type: tpl 1111111.tpl   120 KB | 558 downloads
Even though I walk through the darkest valley, I will fear no evil
  • #13,643
  • May 21, 2013 1:25am May 21, 2013 1:25am
I hope the news doesn't upset my Kiwi trade......
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 260 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,644
  • May 21, 2013 1:35am May 21, 2013 1:35am
UK PPI both negative ????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,645
  • May 21, 2013 1:42am May 21, 2013 1:42am
Quoting Martyfish
UK PPI both negative ????
Yes, that doesn't look good does it?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,646
  • May 21, 2013 1:55am May 21, 2013 1:55am
Quoting realjumper
{quote} Yes, that doesn't look good does it?
With all the expansonary monetary policy, we are supposed to have rampant inflation ???

WTF is going on ???

Quiz time:

What was the name of the band that sang....


Turning Japanese ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,647
  • May 21, 2013 1:58am May 21, 2013 1:58am
Quoting Martyfish
{quote} With all the expansonary monetary policy, we are supposed to have rampant inflation ??? WTF is going on ??? Quiz time: What was the name of the band that sang.... Turning Japanese ??
The band was The Vapors......and I think inflation is coming....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,648
  • May 21, 2013 2:00am May 21, 2013 2:00am
Quoting realjumper
I hope the news doesn't upset my Kiwi trade...... {image}
but to find out which part of the signal as a currency should I do? I have all the graphics front?



per capire su quale valuta parte il segnale come devo fare?? devo avere tutti i grafici davanti?
  • #13,649
  • May 21, 2013 2:01am May 21, 2013 2:01am
Killed prematurely an AJ short from 71 to 55 (y'days high) because it was CT and I got real nervous again... Target got reached, of course. God damn it why can't I keep myself in a trade that was totally heading towards my target?! I thought I was over this
  • #13,650
  • May 21, 2013 2:03am May 21, 2013 2:03am
Quoting realjumper
{quote} The band was The Vapors......and I think inflation is coming....
I totally agree,

But this lower inflation, will encourage more QE, which will only make the inflationary hit even worse
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,651
  • May 21, 2013 2:05am May 21, 2013 2:05am
Quoting WDays
Killed prematurely an AJ short from 71 to 55 (y'days high) because it was CT and I got real nervous again... Target got reached, of course. God damn it why can't I keep myself in a trade that was totally heading towards my target?! I thought I was over this
But the Aussie and the Yen are both weakening, so an AJ trade is kind of knee-capped. The best trades are strong vs weak (or vice versa), but weak vs weak is always going to be a difficult trade
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,652
  • May 21, 2013 2:06am May 21, 2013 2:06am
Quoting Martyfish
{quote} I totally agree, But this lower inflation, will encourage more QE, which will only make the inflationary hit even worse
That's what I think too....and I wonder whether these muppets in suits actually know what they are going to cause to happen in the not too distant future.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,653
  • May 21, 2013 2:09am May 21, 2013 2:09am
Quoting realjumper
{quote} But the Aussie and the Yen are both weakening, so an AJ trade is kind of knee-capped. The best trades are strong vs weak (or vice versa), but weak vs weak is always going to be a difficult trade
I agree, that's why I didn't feel sure throughout the whole trade... Then again my target was hit, there was nothing standing between my entry and my target, but I just panicked because I'm still getting used to playing big ass lots with a live account and I'm having trouble accepting a SL, still, which is idiotic. I do place one, just do everything I can not to have it hit, thus killing a lot of good trades prematurely... I need to stop checking numbers and only abide by candles, or else I'm going to end the week with 50 1 pip trades....
  • #13,654
  • May 21, 2013 2:19am May 21, 2013 2:19am
Quoting WDays
{quote} I agree, that's why I didn't feel sure throughout the whole trade... Then again my target was hit, there was nothing standing between my entry and my target, but I just panicked because I'm still getting used to playing big ass lots with a live account and I'm having trouble accepting a SL, still, which is idiotic. I do place one, just do everything I can not to have it hit, thus killing a lot of good trades prematurely... I need to stop checking numbers and only abide by candles, or else I'm going to end the week with 50 1 pip trades....
I think we've all been there, and sometimes that ghost of the past comes to visit me too. About the only way to combat it is to be like an Ostrich...lol....stick your head in the sand!! Get your trade to BE, and either go do something else or watch different charts. If it hits BE, you got one more pip that you used to have. If it goes to TP....fine.....tick that one off and look for something else. If you can't get it to BE and you feel that it's not going to fly, no matter why, then there's nothing wrong with a manual exit for 1 pip. For instance, my Kiwi trade is protected at BE +1. I could cash it in now for +27 because the PA is stalling......and there would be nothing wrong with that. But my target is the Pivot and I think it will get there, sooner or later, so I'll let the trade do whatever it wants.

So, the questions are

Q1. Do I TP now and put +27 in my pocket?
Q2. Do I leave it alone and wait for the DP and +50?
Q3. What if it reverses and I don't see it because I'm making coffee?

A1. I choose not to
A2. Yeah, why not?....I can't lose anything at all!
A3. So what?.....enjoy the coffee, smile and move on...I lost nothing.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,655
  • May 21, 2013 2:32am May 21, 2013 2:32am
RJ

Head and Shoulder on EU daily. Do you think will allow us more volatility on this summer, if it brokes the neckline?
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  • #13,656
  • May 21, 2013 2:36am May 21, 2013 2:36am
I would like some advice how to behave, peppestone does not have the buy signal on eurusd while active trader is
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  • #13,657
  • May 21, 2013 2:37am May 21, 2013 2:37am
Quoting vamtop
RJ Head and Shoulder on EU daily. Do you think will allow us more volatility on this summer, if it brokes the neckline? {image}
We've been watching it on the Weekly chart, but the Daily is just as good...perhaps even better. If you have a look at the stoch on the Daily you can see that it doesn't look ready for a big drop....of course it might defy the stoch and drop anyway, but it seems unlikely. If the neckline breaks while the h&S is intact, then I see 1.20 as technically possible over the next few weeks.

But the H&S might equally just dissolve into nothing.....we just need to carry on trading, but keep an eye on that formation to see what happens
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,658
  • May 21, 2013 2:37am May 21, 2013 2:37am
Quoting realjumper
{quote} I think we've all been there, and sometimes that ghost of the past comes to visit me too. About the only way to combat it is to be like an Ostrich...lol....stick your head in the sand!! Get your trade to BE, and either go do something else or watch different charts. If it hits BE, you got one more pip that you used to have. If it goes to TP....fine.....tick that one off and look for something else. If you can't get it to BE and you feel that it's not going to fly, no matter why, then there's nothing wrong with a manual exit for 1 pip. For...
Thanks for the advice, I try to do just that and avoid checking my profit in $$ at all cost, but sometimes its stronger than me.

I'm struggling with the part where I have to trail my SL to b/e+1 when I'm in a CT trade, or I'm scalping a quick 10-15 pips right below a resistance/above a support. If I move it too soon, its bound to get hit, if I dont move it at all... well I have had this happen to me in the past, be in a decent profit, target missed by 1 pip and move reverses until my 5 pips SL and a winner turns into a loser for no reason. I need to figure this out before I take any more such trades, because it's what kills me and makes me feel naked and defenseless when I have a non-freetrade.

Then again all trades that I have gotten into the past two days have reached my target spot on, sometimes even overshot (like just now, on AJ), so if that keeps happening, I expect it to be a good confidence boost. If I'm right 99% of the time I don't have any reason to doubt and close before target or stop is reached, right? Right?
  • #13,659
  • May 21, 2013 2:39am May 21, 2013 2:39am
Quoting braciola
I would like some advice how to behave, peppestone does not have the buy signal on eurusd while active trader is {image}
Bear in mind any EU long is CT. A bounce off 2900 would mean a LL on h4.
  • #13,660
  • May 21, 2013 2:39am May 21, 2013 2:39am
Quoting realjumper
{quote} I think we've all been there, and sometimes that ghost of the past comes to visit me too. About the only way to combat it is to be like an Ostrich...lol....stick your head in the sand!! Get your trade to BE, and either go do something else or watch different charts. If it hits BE, you got one more pip that you used to have. If it goes to TP....fine.....tick that one off and look for something else. If you can't get it to BE and you feel that it's not going to fly, no matter why, then there's nothing wrong with a manual exit for 1 pip. For...
Hi RJ, great thread.
Do you ever consider a partial exit? Take half off at your 27 pips and let the other half run?
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