{quote} Just checked the "blue skies" for EA and see it might settle down around the 1.6350 mark - not a bias but I'd hang in there RJ......I'm often wrong so it could even go higher than that! Jesse Livermore's quote is pure gold, just about a trading plan in itself.
I am following genesis from day one studying –not reading- every page.
In spite my thousands of trading hours, I can still find invaluable information here.
The latest “enlightenment” moment this thread gave me was to manage the trades from M15 and be more relaxed –or not- according to what I see there.
Let us see a trade from yesterday (sorry but I trade indices only).
Dax short trade.
Entered at 10.45 just below S1 at 8377. Quite typical.
Where should I put my TP 
Hmm, at S2 of course for a nice almost 25 pips profit.
Oh wait! The price action looks good! I will aim for S3 and 55 pips profit!
Nice eh?
Sure! But there is a guy down under who a few weeks ago commented “look at M15 before you exit”
And I looked. And saw nothing! For many hours!
In order to make a long story short, 12 hours and 172 pips later this trade was closed just because I never leave a trade open overnight.
Thanks RJ
I am following genesis from day one studying –not reading- every page. In spite my thousands of trading hours, I can still find invaluable information here. The latest “enlightenment” moment this thread gave me was to manage the trades from M15 and be more relaxed –or not- according to what I see there. Let us see a trade from yesterday (sorry but I trade indices only). Dax short trade. Entered at 10.45 just below S1 at 8377. Quite typical. Where should I put my TP
I'm holding an EA long at +15 at the moment. All the signs seem to be be good, but we are at a 3 year high for this pair, and only just over the BRN 1.5000......and a (kind of) double top from 3 years ago. Still....we shall see......
{quote} And the result is...stopped out for -20. That was one of those trades that I should have thought about more before I entered, because right after I entered I had doubts! Never mind....looking at an EJ short perhaps very soon...
I really don't like doing that and CT as well. Back to sleeping crocodile mode......
{quote} I have found those breaking new high trades very tough. I've read how they are meant to take of into the blue but I have found otherwise. Of course the EA chart proves it happens though. I scalped +10 off an EA sell. I wasn't brave enough to wait for BE.
Good Day Genesistarians Hope we are taking the banks to the cleaners as usual? Trades for today 1st trade - GBPJPY long +30, it was a CT, and the TP was the pivot, missed it though but +30 is still good. Keeps the books in green. 2nd trade - GBYJPY short floating +16, +7, watching it with hawk eyes though, not seeing the required momentum. target is S1 {image}
@ RJ, Thanks a lot, checking out the pivot now. And i'm sure its the market that is not in sync with you yet.
Update on GJ trade Closed One leg for +45 at yesterdays low, second leg moved to BE +30. Total pips on GJ London Session, +30+45+30 = 105pips ( with potential to gain more) Have to step out, back at NewYork Open. More Pips to everyone. {image}
{quote} Yep...the 515 method is a great way to keep in the trade and it pays huge dividends on a decent move like on thomask's USDX trade......
.{quote} RJ and all other friends, Today a great day for me. Because for the first time I making +125 Pips. I stop for today. I wish for myself, Today Whether like the worst day. Thank you for everyone and RJ. I wanted share my happiness.
.{quote} RJ and all other friends, Today a great day for me. Because for the first time I making +125 Pips. I stop for today. I wish for myself, Today Whether like the worst day. Thank you for everyone and RJ. I wanted share my happiness.
{quote} Yeah, its been very helpful. It really allows potential for maximum pip gain. ThomasK trade was so cool.
