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Genesis Matrix Trading

  • #17,101
  • Aug 20, 2013 4:05am Aug 20, 2013 4:05am
Quoting PipMonster1
Well that's 20 pips in profit.............SL to BE+1
I'm at BE +1 also.....it may be a bit early because my entry wasn't as good as yours, but this is a VERY CT trade, so it might be prudent of me.....or else I'm a hee hee hee
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,102
  • Aug 20, 2013 4:26am Aug 20, 2013 4:26am
Quoting realjumper
{quote} I'm at BE +1 also.....it may be a bit early because my entry wasn't as good as yours, but this is a VERY CT trade, so it might be prudent of me.....or else I'm a hee hee hee
It is a VERY CT trade but I've found if you want to stop or reverse those trades a nice bounce (many bounces) off Resistances will do just that. All trends come to an end sometime - why not now?
  • #17,103
  • Aug 20, 2013 4:29am Aug 20, 2013 4:29am
Quoting PipMonster1
{quote} It is a VERY CT trade but I've found if you want to stop or reverse those trades a nice bounce (many bounces) off Resistances will do just that. All trends come to an end sometime - why not now?
That's right...nothing goes up forever and the trade looked good. I seem to have been getting into a few more CT trades over the past few days, but the setups have all looked good. Even the little trades add up
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,104
  • Aug 20, 2013 4:39am Aug 20, 2013 4:39am
Quoting realjumper
{quote} That's right...nothing goes up forever and the trade looked good. I seem to have been getting into a few more CT trades over the past few days, but the setups have all looked good. Even the little trades add up
They all add up...........I've exited on the EA.......can't seem to break through that .50 and support to the left..........a quick +21 for me......I'll see what NY has for me.

PM1


EDIT - Just as I exit down through .50
  • #17,105
  • Aug 20, 2013 4:40am Aug 20, 2013 4:40am
Quoting PipMonster1
{quote} They all add up...........I've exited on the EA.......can't seem to break through that .50 and support to the left..........a quick +21 for me......I'll see what NY has for me. PM1
Fair enough. Nothing wrong with taking profits

I have about +18 with SL at BE +1, so I'll let it ride to the SL or TP.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,106
  • Aug 20, 2013 5:16am Aug 20, 2013 5:16am
Quoting realjumper
{quote} Fair enough. Nothing wrong with taking profits I have about +18 with SL at BE +1, so I'll let it ride to the SL or TP.....
NY is not going to play this one for me....I took the manual exit at +15
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,107
  • Aug 20, 2013 5:20am Aug 20, 2013 5:20am
NY open... Makes things hard! Nice CT trade, then NY slapped it up again... Watching it is... Hard heh.
  • #17,108
  • Aug 20, 2013 5:31am Aug 20, 2013 5:31am
Quoting realjumper
{quote} NY is not going to play this one for me....I took the manual exit at +15
A good +15 there............well that push through the .50 didn't go anywhere.......so a reasonable exit in the end............
  • #17,109
  • Aug 20, 2013 5:42am Aug 20, 2013 5:42am
Quoting PipMonster1
{quote} A good +15 there............well that push through the .50 didn't go anywhere.......so a reasonable exit in the end............
Yep.....2 reasonable CT trades and a trend trade today so that's all good. A quick reverse entry after the exit on EA would have been nice, but it really went a bit quick for me to analyse properly. Never mind, it's been a strange day but still in the green

I might have some coffee and then call it a day seeing as there is news coming.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,110
  • Aug 20, 2013 5:43am Aug 20, 2013 5:43am
Quoting hunter101
NY open... Makes things hard! Nice CT trade, then NY slapped it up again... Watching it is... Hard heh.
Yep, any new session open can be tricky and it's a nervous time of you have a trade open that's not protected by a SL in profit.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,111
  • Aug 20, 2013 5:45am Aug 20, 2013 5:45am
Quoting realjumper
{quote} NY is not going to play this one for me....I took the manual exit at +15
I was on the same trade, half closed on 20 pips, another closed on BE +2 pips.

RJ,
would you mind to share how did you decide that NY wouldn't do any good to the EA CT trade?

-dc-
  • #17,112
  • Aug 20, 2013 5:56am Aug 20, 2013 5:56am
Quoting realjumper
{quote} Yep.....2 reasonable CT trades and a trend trade today so that's all good. A quick reverse entry after the exit on EA would have been nice, but it really went a bit quick for me to analyse properly. Never mind, it's been a strange day but still in the green I might have some coffee and then call it a day seeing as there is news coming.....
I don't see any big news releases later...........I might call it a night...........see you guys tomorrow....

PM1
  • #17,113
  • Aug 20, 2013 5:56am Aug 20, 2013 5:56am
Quoting dreamcatcher
{quote} I was on the same trade, half closed on 20 pips, another closed on BE +2 pips. RJ, would you mind to share how did you decide that NY wouldn't do any good to the EA CT trade? -dc-
Apart from the CCI on the Matrix, everything else was white......both stochs were climbing and we had 2 white candles , one of which was almost completely above the yellow 5ma. Because the trade was CT, and because we just had a session change there was enough warning bells going off to suggest an exit was in order
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,114
  • Aug 20, 2013 5:57am Aug 20, 2013 5:57am
Quoting PipMonster1
{quote} I don't see any big news releases later...........I might call it a night...........see you guys tomorrow.... PM1
I'll be off soon too......see you tomorrow PM1......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,115
  • Aug 20, 2013 7:02am Aug 20, 2013 7:02am
AU looked OK for a short but it turned out to be a loss...
Any comments appreciated.
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  • #17,116
  • Aug 20, 2013 7:17am Aug 20, 2013 7:17am
Short on EJ, CT Trade. Got in cos of the divergence on 15M Stoch

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Let your plan trade for you, not your emotion!!!
  • #17,117
  • Aug 20, 2013 7:35am Aug 20, 2013 7:35am
Quoting Cold_W
AU looked OK for a short but it turned out to be a loss... Any comments appreciated. {image}
I was in the same trade
  • #17,118
  • Aug 20, 2013 7:45am Aug 20, 2013 7:45am
Quoting Marviin
{quote} I was in the same trade
Well, it happens
That trade was with trend and with decent Matrix setup. Did not see a reason to stay out..
  • #17,119
  • Aug 20, 2013 7:47am Aug 20, 2013 7:47am
Not sure with many people, but today had 2 CT trades hit BE+1... I guess CT trades are that risky.... Placed a trade, i see it +25 pips (CT trade) and went to shower.. Come back and hit SL! Can never take a break heh. Oww well...
  • #17,120
  • Aug 20, 2013 8:06am Aug 20, 2013 8:06am
Quoting Cold_W
{quote} Well, it happens That trade was with trend and with decent Matrix setup. Did not see a reason to stay out..
The down move started 200pips ago, without any real pullback. So I guess it was quite exhausted.
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