Genesis Matrix Trading

Quoting realjumper

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{quote} I stand to be corrected, but I wouldn't think so. For instance, liquidity is low during holiday periods, but volatility is often high because smaller players (hedge funds etc) can move the market when the central banks are at the beach.....

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Quoting realjumper

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{quote} 10 pips might be a bit tight to bring your SL to BE.....in many cases the normal market 'breathing' will take out that SL. Mostly I don't move until +20 unless it's a CT trade or something. Many of those EJ candles have been 5 - 8 pips...add the spread and you're in danger of getting knocked out! Still......getting knocked out at BE isn't so bad.....it just gets frustrating, that's all!

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Quoting jjre65

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Took this in a slow night yesterday I waited for M15 signal before entry as conformation hence latish entry PA below DP all day Last move up was counter trend pullback HTF stochs in nice positions Took lucky exit.....................tired and went to bed Would have left to TP and BE+20 SL but I noticed possible divergence on the M5 stoch so played it safe. J {image}

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Quoting hunter101

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{quote} Yea i kinda understand now. EJ is not like EU. EU isnt as volitional as EJ, nowadays at least. Just watching EJ going south and with no end reason to get out of it in sight (exiting in terms of Genesis Rule 3), i can blame myself. At the same time, i'm not too mad (well not even mad just lucked out), because there will be more opportunities in the future. So my +1 at BE did hit, as you predicted heh. Being up 1 pip is better than nothing! . GL with your EJ trade, i am done for the day 1 pip positive and smiling! The EU trade prior to Euro...

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Quoting PipMonster1

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Had my coffee......................let's go!!

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Yup...just finished dinner and done the dishes....coffee in hand....lets go!!

Quoting Jamz

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{quote} {quote} I hope this doesn't lead into a stagnant 4 hour coffee coffee coffee session now you 2 are so eager to get going........

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Quoting realjumper

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{quote} That was a pretty good trade....the reversal would have been even better but us Kiwi's were asleep by then. Hope someone got it?

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Quoting dreamcatcher

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Have some positions from Tokyo session. Took a long on AU, closed half position on 20 pips, another half closed on BE +2. Took a long on EJ, SL 20 pips. Took a short on EA, closed half position on 20 pips, another half still floating currently +18 pips. All three positions are counter trend Hope to have a more ideal setup this afternoon. -dc-

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Quoting hunter101

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{quote} EJ long is not a counter trend, it IS the trend right now! All depends where you entered EJ. I could have entered prior to Tokyo open, but i entered a short (i should be very careful when trading and esp with CT (counter trend) trades. That is why having ASCTrend is essential to understand the direction of PA (i learned this from my loss trade this morning). So to get back to the point, you most likely did not enter a CT trade on EJ, probably a 'Re-entry.' Any senior members can tell me if i'm right or wrong, would def be great to hear....

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Quoting nikz

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It was such a nice EJ setup at the London Open. Very easy 27 pips and I missed it

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Quoting PipMonster1

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{quote} Don't kick yourself nikz as it was a re-entry trade. PM1

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Quoting realjumper

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{quote} Exactly right. I took GJ rather than EJ, but it too was a re-entry trade. I must admit to being a bit hesitant to take it as ATR was close at LO, as was R3...but I took it anyway! I've got +30 locked in (just under R3) so we'll see

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Quoting jjre65

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{quote} hi RJ Is this where you entered? J {image}

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Quoting realjumper

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{quote} That looks about right...the entry was 5093. Not smartest entry for many reasons, but I got away with it

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Quoting jjre65

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{quote} without nit picking my chart says 1st obstacle was R2..........? J

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