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Genesis Matrix Trading

  • #17,221
  • Aug 22, 2013 3:37am Aug 22, 2013 3:37am
Quoting iwan73
It was terrible day for me yesterday. From the morning till evening all went wrong. I was angry at my work and i thought that earning some pips made me feel better. Took 4 trades, all lose (-90pips) what made me more angry and flustrated. What is a lesson? Dont trade if you are angry. It is almost sure that all decisions made in that state of mind would be wrong. Lesson learned.
Yep....emotions at either end of the scale are dangerous for trading.....have to be cool, calm and collected or else go out for a walk and settle down.

As they say on the TV, 'sorry for your loss,'.....as long as your account is still in good shape, you can recover those pips, when the market is ready to give them up
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,222
  • Aug 22, 2013 3:47am Aug 22, 2013 3:47am
These are my "excellent" trades from yesterday.
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  • #17,223
  • Aug 22, 2013 3:49am Aug 22, 2013 3:49am
Quoting iwan73
It was terrible day for me yesterday. From the morning till evening all went wrong. I was angry at my work and i thought that earning some pips made me feel better. Took 4 trades, all lose (-90pips) what made me more angry and flustrated. What is a lesson? Dont trade if you are angry. It is almost sure that all decisions made in that state of mind would be wrong. Lesson learned.

Yea i hear you.. I also made a bad trade, though it made me angry. Placed EJ short trade right before news announcement. Everything was perfect in terms of Matrix, even went my way 8 pips (was looking at Daily pivot or close to it as my TP). I should have closed it due to high impact news coming, which i found out when RJ made a post about it heh. Still learning the system. If i did not place the trade and waited after the news, i would have saw the long order for EJ. But shit happens... Lesson learned. Now im mad so i wont touch the laptop for the day, still positive in terms of pips for the day, but little mistakes are killer.
  • #17,224
  • Aug 22, 2013 5:07am Aug 22, 2013 5:07am
Finally able to take a trade!

It was counter trend so TP was at DP. Took the trade in addition to the normal GM signals, because of the rejection of R1, yesterdays high and the BRN 1.40.
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  • #17,225
  • Aug 22, 2013 5:55pm Aug 22, 2013 5:55pm
Quoting Trekker
Finally able to take a trade! It was counter trend so TP was at DP. Took the trade in addition to the normal GM signals, because of the rejection of R1, yesterdays high and the BRN 1.40. {image}
Good trade...well done.

I didn't enter any trades so I made a start on the 515 pdf instead. Today may be tricky because of this Jackson Hole crap going on...but it's early days, so we shall see
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,226
  • Aug 22, 2013 7:50pm Aug 22, 2013 7:50pm
Quoting realjumper
{quote} Good trade...well done. I didn't enter any trades so I made a start on the 515 pdf instead. Today may be tricky because of this Jackson Hole crap going on...but it's early days, so we shall see
Great, look forward to reading your PDF. Been a really tricky month, for me at least, though a good test of my patience.

I've been looking at using the 5 15 method, but I think I'll wait to September before I try it out properly, as I think this month we will not have seen the full potential of using this approach?

Got up early to give the Asian session a try. See what happens?
  • #17,227
  • Aug 22, 2013 8:01pm Aug 22, 2013 8:01pm
Tricky Week for me. Was sleeping when the good runs was.
Today i was waiting 7 hours for 67 pips
  • #17,228
  • Aug 22, 2013 8:12pm Aug 22, 2013 8:12pm
Quoting Trekker
{quote} Great, look forward to reading your PDF. Been a really tricky month, for me at least, though a good test of my patience. I've been looking at using the 5 15 method, but I think I'll wait to September before I try it out properly, as I think this month we will not have seen the full potential of using this approach? Got up early to give the Asian session a try. See what happens?
It's been a tricky month all round Trekker.....this is where patience and discipline plays such a big part in trading. We just have to wait until the market gives up some pips for us. It's easy to enter silly trades and immediately regret it.....it's hard to be patient, but the account likes it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,229
  • Aug 23, 2013 1:53am Aug 23, 2013 1:53am
Quoting Fame of me
Tricky Week for me. Was sleeping when the good runs was. Today i was waiting 7 hours for 67 pips
I wouldn't mind to wait 8 or 10 hours for that 67 pips comparing yesterday I have no entry at all because I avoid high impact news and apparently yesterday there are some news in a few hours apart so it's hard for me to find a setup.

-dc-
  • #17,230
  • Aug 23, 2013 2:38am Aug 23, 2013 2:38am
Goodmorning all,
this post just to inform you I could double for the fisrt time an account. This is not to brag ... but just to inspire you.
I still make some stupid mistakes but now I have more confidence in my trading skills and with patience and time you can achieve the same goals ... I can't assure you can succeed but if you commit seriously you have a chance and this is much more most of the people can say

I would like also to thank RJ for the effort he put in this thread and the tons of emails we share every week

ciao

wiz
Attached Image
You control how you trade; the market controls how and when you'll get paid
  • #17,231
  • Aug 23, 2013 3:03am Aug 23, 2013 3:03am
Quoting wiz3003
Goodmorning all, this post just to inform you I could double for the fisrt time an account. This is not to brag ... but just to inspire you. I still make some stupid mistakes but now I have more confidence in my trading skills and with patience and time you can achieve the same goals ... I can't assure you can succeed but if you commit seriously you have a chance and this is much more most of the people can say I would like also to thank RJ for the effort he put in this thread and the tons of emails we share every week ciao wiz {image}...
Well done Wiz.....now you just have to do it again and like the new car that Fame just bought, it shows what is possible with a bit of determination.......and coffee
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,232
  • Aug 23, 2013 3:43am Aug 23, 2013 3:43am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting wiz3003
Goodmorning all, this post just to inform you I could double for the fisrt time an account. This is not to brag ... but just to inspire you. I still make some stupid mistakes but now I have more confidence in my trading skills and with patience and time you can achieve the same goals ... I can't assure you can succeed but if you commit seriously you have a chance and this is much more most of the people can say I would like also to thank RJ for the effort he put in this thread and the tons of emails we share every week ciao wiz {image}...
Good on you Wiz, yes it does inspire. I like this forum because we can see the progress of all kinds of people.....and not feel alone with the "stupid mistake" department too.
waiting for car photo.......
  • #17,233
  • Aug 23, 2013 3:43am Aug 23, 2013 3:43am
Quoting wiz3003
Goodmorning all, this post just to inform you I could double for the fisrt time an account. This is not to brag ... but just to inspire you. I still make some stupid mistakes but now I have more confidence in my trading skills and with patience and time you can achieve the same goals ... I can't assure you can succeed but if you commit seriously you have a chance and this is much more most of the people can say I would like also to thank RJ for the effort he put in this thread and the tons of emails we share every week ciao wiz {image}...
Wow, congrats....
  • #17,234
  • Aug 23, 2013 4:43am Aug 23, 2013 4:43am
my stupid trade for today
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  • #17,235
  • Aug 23, 2013 4:59am Aug 23, 2013 4:59am
Plenty of news from UK and we never know how it will affect GU. That is why it's smart to wait for everything to settle down before taking any trades. Besides, I agree with RJ - GU is not the best pair to trade as it can be very erratic.
  • #17,236
  • Aug 23, 2013 5:12am Aug 23, 2013 5:12am
Totally agree.

I thought I've checked the news but I didn't
  • #17,237
  • Aug 23, 2013 5:32am Aug 23, 2013 5:32am
Quoting nikz
Totally agree. I thought I've checked the news but I didn't

NIkz add to your one chart newscal-v107( This is Forex Factory calendar) set up first alarm 15m second 5. And I set up only High impact News and Holidays, Meetings, Speech.

It is help me.
  • #17,238
  • Aug 23, 2013 5:54am Aug 23, 2013 5:54am
Quoting ozgsnr
{quote} NIkz add to your one chart newscal-v107( This is Forex Factory calendar) set up first alarm 15m second 5. And I set up only High impact News and Holidays, Meetings, Speech. It is help me.
Thanks ozgsnr!
It looks very handy, I will definitely try it
  • #17,239
  • Aug 23, 2013 5:56am Aug 23, 2013 5:56am
Quoting nikz
{quote} Thanks ozgsnr! It looks very handy, I will definitely try it

You're welcome.
  • #17,240
  • Aug 23, 2013 10:04am Aug 23, 2013 10:04am
Quoting nikz
my stupid trade for today {image}
Well, wait untill AFTER the news. It is easy to drive the account against the wall...I did it several times in the past; very easy...

My last trade for this week now : = + 51 pips.
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