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Genesis Matrix Trading

  • #16,941
  • Aug 14, 2013 1:20am Aug 14, 2013 1:20am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
Ok....here we go again!! Quite a reversal on the Yen crosses while I was busy.....hope someone took advantage of that. If not...never mind...it looks like there is a lot of news tonight so there might be some more pips for us...
I was doing chores......
  • #16,942
  • Aug 14, 2013 1:36am Aug 14, 2013 1:36am
Quoting Jamz
{quote} I was doing chores......
Same.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,943
  • Aug 14, 2013 2:10am Aug 14, 2013 2:10am
I'm having a CT day today.....
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,944
  • Aug 14, 2013 2:18am Aug 14, 2013 2:18am
Quoting realjumper
Ok....here we go again!! Quite a reversal on the Yen crosses while I was busy.....hope someone took advantage of that. If not...never mind...it looks like there is a lot of news tonight so there might be some more pips for us...
I was napping while all that happened... But woke up prior to LO and entered EJ sell. I caught the EJ sell (right after Tokyo open) earlier this morning, but i closed the trade to be at -10 pips then the pair bounced back downwards... Like yesterday, i did not respect my SL (you made a post about it.. Guess my emotions got ahead of me). Learning....
  • #16,945
  • Aug 14, 2013 2:21am Aug 14, 2013 2:21am
Quoting realjumper
I'm having a CT day today..... {image}
SL to BE
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,946
  • Aug 14, 2013 2:22am Aug 14, 2013 2:22am
Quoting hunter101
{quote} I was napping while all that happened... But woke up prior to LO and entered EJ sell. I caught the EJ sell (right after Tokyo open) earlier this morning, but i closed the trade to be at -10 pips then the pair bounced back downwards... Like yesterday, i did not respect my SL (you made a post about it.. Guess my emotions got ahead of me). Learning....
Yup...those pesky emotions are difficult sometimes. Did you read the PDF about emotions?...there's a link in Post #1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,947
  • Aug 14, 2013 2:28am Aug 14, 2013 2:28am
Quoting realjumper
{quote} Yup...those pesky emotions are difficult sometimes. Did you read the PDF about emotions?...there's a link in Post #1
Going to read it this weekend. Someone mentioned the book too (forgot the person) this weekend. Need down time to digest it all.

So for your EJ (also same trade as you, got in @130.48) what is your ideal TP? I read a post earlier from you, this month i believe, that TP would usually be at pivot points or round numbers, would the Rule #3 as in the Genesis manual, be good for TP as well?
  • #16,948
  • Aug 14, 2013 2:29am Aug 14, 2013 2:29am
Quoting realjumper
{quote} SL to BE
The trade is at +26 and seems to be struggling a bit, but no reason to exit. So SL to +6 and we have 20 pips to 'breath'......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,949
  • Aug 14, 2013 2:31am Aug 14, 2013 2:31am
Quoting hunter101
{quote} Going to read it this weekend. Someone mentioned the book too (forgot the person) this weekend. Need down time to digest it all. So for your EJ (also same trade as you, got in @130.48) what is your ideal TP? I read a post earlier from you, this month i believe, that TP would usually be at pivot points or round numbers, would the Rule #3 as in the Genesis manual, be good for TP as well?
The low of the day is just above the DP, so I will look to exit at the low of today, or if the momentum is good I'll bring the SL down to +40 and see what happens
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,950
  • Aug 14, 2013 2:32am Aug 14, 2013 2:32am
Quoting realjumper
I'm having a CT day today..... {image}
RJ,
hope you don't mind with my (similar) question about stoch M5 for your EJ setup on London opening. The only thing that prevent me from taking that setup was the stoch on M5 which I thought was too low. I was trying to look for divergence but I didn't find one. I would be glad if you share your opinion about this.

Btw, I did take the EJ short earlier on Tokyo session and closed on +10 which should be hit my TP, I still caught in my own fear. I read the PDF and trying to exercise, apparently visualization is not so easy for me. Need more practice....

thanks,
-dc-
  • #16,951
  • Aug 14, 2013 2:34am Aug 14, 2013 2:34am
Quoting dreamcatcher
{quote} RJ, hope you don't mind with my (similar) question about stoch M5 for your EJ setup on London opening. The only thing that prevent me from taking that setup was the stoch on M5 which I thought was too low. I was trying to look for divergence but I didn't find one. I would be glad if you share your opinion about this. Btw, I did take the EJ short earlier on Tokyo session and closed on +10 which should be hit my TP, I still caught in my own fear. I read the PDF and trying to exercise, apparently visualization is not so easy for me. Need more...
Did you watch the little movie I made about the stoch? It applies perfectly to this trades situation
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,952
  • Aug 14, 2013 2:40am Aug 14, 2013 2:40am
Quoting realjumper
{quote} Did you watch the little movie I made about the stoch? It applies perfectly to this trades situation
I watched it. When stoch stays on the lower area, it means bear is strong and vice versa.

thank you, RJ
  • #16,953
  • Aug 14, 2013 2:43am Aug 14, 2013 2:43am
Quoting dreamcatcher
{quote} I watched it. When stoch stays on the lower area, it means bear is strong and vice versa. thank you, RJ
Yes...and the stoch was very high at the time of the swing high just a few candles back.....so the place I entered was a continuation of the same bear swing that began about 10 candles (or so) before
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,954
  • Aug 14, 2013 2:47am Aug 14, 2013 2:47am
Getting ready for a possible exit here.....
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 289 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,955
  • Aug 14, 2013 2:51am Aug 14, 2013 2:51am
Quoting realjumper
Getting ready for a possible exit here..... {image}
I took the exit at +19. That will do for a CT trade....best to not push my luck!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,956
  • Aug 14, 2013 2:52am Aug 14, 2013 2:52am
Quoting realjumper
Getting ready for a possible exit here..... {image}
I took that one too RJ. Out now for a 1RR. When price reached 2RR I moved my stop down to 1RR. Not sure whether its the best way to trail, but it at least locks in my profits on the way down.
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  • #16,957
  • Aug 14, 2013 2:56am Aug 14, 2013 2:56am
Quoting Trekker
{quote} I took that one too RJ. Out now for a 1RR. When price reached 2RR I moved my stop down to 1RR. Not sure whether its the best way to trail, but it at least locks in my profits on the way down. {image}
Yup...that's not a bad way to go for a CT trade Trekker. CT trades are ok if everything lines up, as it did in this case, but we have to remember that it IS a CT trade, so we have to be ready to take a modest profit.

You did well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,958
  • Aug 14, 2013 3:18am Aug 14, 2013 3:18am
Quoting realjumper
{quote} Yup...that's not a bad way to go for a CT trade Trekker. CT trades are ok if everything lines up, as it did in this case, but we have to remember that it IS a CT trade, so we have to be ready to take a modest profit. You did well
Cheers RJ.

Good to know I'm taking the same trades as you and looks like it was the right decision to get out where we did.
  • #16,959
  • Aug 14, 2013 3:29am Aug 14, 2013 3:29am
Quoting Trekker
{quote} Cheers RJ. Good to know I'm taking the same trades as you and looks like it was the right decision to get out where we did.
Yep...that's half the battle in trading....to have a target but don't get married to it! Be prepared to exit if the plan A is not going to work.....especially with CT trades
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,960
  • Aug 14, 2013 4:01am Aug 14, 2013 4:01am
Quoting realjumper
{quote} I took the exit at +19. That will do for a CT trade....best to not push my luck!!
Nice trade! I made 1.5 pips... Being a teacher sux for trading... Place a trade, go teach and come back to see it hit my SL! Part time work coming up! But yea, i will note that for CT trades, one has to be 'tight' with exiting.
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