When you're in the land of HOPE, you're done, get out of there, WALK AWAY
- #19,524
- Nov 26, 2013 8:15pm Nov 26, 2013 8:15pm
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
This day was testing again my patience. Had 3 scalps on EJ and finally, i got my 50pips run. You can see, i jumped later in the trade, because - i was waiting for the break. {image}
Most excellent FOM
This day was testing again my patience. Had 3 scalps on EJ and finally, i got my 50pips run. You can see, i jumped later in the trade, because - i was waiting for the break. {image}
- #19,526
- Nov 26, 2013 9:39pm Nov 26, 2013 9:39pm
Hey,
I'm back after some time off forex. I had to fix some bad mistakes I was doing back about end of july, beginning of august. I had pretty decent success, but I should had listen to the old saying "Don't try to fix something which is already working". I did try to play with the TF, Arrow and stoch to find better entry and better exit. I also had a bad habit to overtrade when the price hitted my SL, which is a shame actually.
No worry about my balance though ; I did quit because I was disappointed with myself and not because I burn myself. So the good point now, is that I can start back where I left, with a brand new mindset!!!
Here's my AU trade yesterday. I did go in because of Stoch pointing down, Matrix and Arrows on my side (the W1 was red at that time). My RR was 1:1 at first. One of my past problem was that I was getting out of good trade prematurely. For my return, I did prepare myself to let the winner run. So once my trade did hit DP, I did ask myself "Do I have a reason to get out of that trade?" The answer was no, which mean : Move SL to BE +1. Next target, S1. When the price did hit S1, I did ask myself the same question. From my point of view, I didn't see any threat, so I did move my SL to DP, which was about +18. Once again, I did the same thing when the price did reach S2, same question again, same answer. I did close my trade when the matrix all turned white and stoch was pointing up. That was my signal. The result was a wonderful +86 pips!
Thanks Genesis! I'm back home
I'm back after some time off forex. I had to fix some bad mistakes I was doing back about end of july, beginning of august. I had pretty decent success, but I should had listen to the old saying "Don't try to fix something which is already working". I did try to play with the TF, Arrow and stoch to find better entry and better exit. I also had a bad habit to overtrade when the price hitted my SL, which is a shame actually.
No worry about my balance though ; I did quit because I was disappointed with myself and not because I burn myself. So the good point now, is that I can start back where I left, with a brand new mindset!!!
Here's my AU trade yesterday. I did go in because of Stoch pointing down, Matrix and Arrows on my side (the W1 was red at that time). My RR was 1:1 at first. One of my past problem was that I was getting out of good trade prematurely. For my return, I did prepare myself to let the winner run. So once my trade did hit DP, I did ask myself "Do I have a reason to get out of that trade?" The answer was no, which mean : Move SL to BE +1. Next target, S1. When the price did hit S1, I did ask myself the same question. From my point of view, I didn't see any threat, so I did move my SL to DP, which was about +18. Once again, I did the same thing when the price did reach S2, same question again, same answer. I did close my trade when the matrix all turned white and stoch was pointing up. That was my signal. The result was a wonderful +86 pips!
Thanks Genesis! I'm back home
Slowly, but surely...
- #19,527
- Nov 26, 2013 10:00pm Nov 26, 2013 10:00pm
- | Joined Feb 2011 | Status: Carpe diem | 630 Posts
Hey, I'm back after some time off forex. I had to fix some bad mistakes I was doing back about end of july, beginning of august. I had pretty decent success, but I should had listen to the old saying "Don't try to fix something which is already working". I did try to play with the TF, Arrow and stoch to find better entry and better exit. I also had a bad habit to overtrade when the price hitted my SL, which is a shame actually. No worry about my balance though ; I did quit because I was disappointed with myself and not because I burn myself. So...
A lovely trade that!!PM1
- #19,531
- Nov 26, 2013 10:33pm Nov 26, 2013 10:33pm
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #19,532
- Nov 27, 2013 12:00am Nov 27, 2013 12:00am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #19,533
- Nov 27, 2013 2:40am Nov 27, 2013 2:40am
Hi all,
Thank you RJ for approving me to join this thread.
I am Malaysian, hope my English is understandable.
I love to post chart if time is allowed.
I am using M1 method and only trade EA and GJ.
Today, there is a buy signal around 00.36 GMT (On the left hand side) on GBPJPY. The gree color on right hand side is SMA 60 (M15 graft) which using by Martyfish.
The trade is closed by +78 pips which hit our 30 pips target per day and there is some bonus!!
Hope anyone is able to catch this trend.
Ray.
Thank you RJ for approving me to join this thread.
I am Malaysian, hope my English is understandable.
I love to post chart if time is allowed.
I am using M1 method and only trade EA and GJ.
Today, there is a buy signal around 00.36 GMT (On the left hand side) on GBPJPY. The gree color on right hand side is SMA 60 (M15 graft) which using by Martyfish.
The trade is closed by +78 pips which hit our 30 pips target per day and there is some bonus!!
Hope anyone is able to catch this trend.
Ray.
- #19,534
- Nov 27, 2013 4:24am Nov 27, 2013 4:24am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Here is an example of scaling in that I do sometimes. I entered both of these trades on the M1, but the M5 is shown because otherwise the chart is too wide to be able to see here properly!!
Anyway, you can see the 2 trades.....both SL's are in the same place, which if hit, would give me +31. If the trade(s) go to the target at R1 then trade 1 = +56 and trade 2 = +30.
So for a move of +56 I have will have grabbed another +30, to give +86. If R1 gets smashed, I'll probably scale in another one and go for R2.
The reason I'm doing this now is just to show you because I mentioned this some time back, and because if you check out the Daily chart, you can see that 1.5000 BRN is solid.....and it has turned back the PA twice....so....perhaps 1.5000 is going to be a magnet and drag the PA up there
EDIT: As I was posting this R1 got hit, so I have moved both SL's to 12 pips under R1, which would give a total of about +63 if hit....
Anyway, you can see the 2 trades.....both SL's are in the same place, which if hit, would give me +31. If the trade(s) go to the target at R1 then trade 1 = +56 and trade 2 = +30.
So for a move of +56 I have will have grabbed another +30, to give +86. If R1 gets smashed, I'll probably scale in another one and go for R2.
The reason I'm doing this now is just to show you because I mentioned this some time back, and because if you check out the Daily chart, you can see that 1.5000 BRN is solid.....and it has turned back the PA twice....so....perhaps 1.5000 is going to be a magnet and drag the PA up there
EDIT: As I was posting this R1 got hit, so I have moved both SL's to 12 pips under R1, which would give a total of about +63 if hit....
Doing what you like is Freedom. Liking what you do is Happiness.
- #19,535
- Nov 27, 2013 4:27am Nov 27, 2013 4:27am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Hi all, Thank you RJ for approving me to join this thread. I am Malaysian, hope my English is understandable.
Doing what you like is Freedom. Liking what you do is Happiness.
- #19,536
- Nov 27, 2013 4:35am Nov 27, 2013 4:35am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
Well sometimes things just work out in your favor. I placed several of my longer TF trades before bed last night and they moved nicely.
So now the idea for MM is to move to higher time frame monitor. I've pulled my stops up a little to underneath 15M structure, but I want to give the trade room to breathe. I'll go to the 4H or 1H initially. I'm looking for price to stay above the MA.
Once established if price pulls back to the MA on the 4H I'll close half the position.
Not loving the PA on Chf/Jpy so will monitor that more closely.
If price continues in my direction after this correction, then I'll move to D1 and watch for the same, etc.
To be fair, I also had two trades that stopped out last night on Nzd/Usd and Eur/Aud. Pity on the EA as its rebounded nicely now.
So now the idea for MM is to move to higher time frame monitor. I've pulled my stops up a little to underneath 15M structure, but I want to give the trade room to breathe. I'll go to the 4H or 1H initially. I'm looking for price to stay above the MA.
Once established if price pulls back to the MA on the 4H I'll close half the position.
Not loving the PA on Chf/Jpy so will monitor that more closely.
If price continues in my direction after this correction, then I'll move to D1 and watch for the same, etc.
To be fair, I also had two trades that stopped out last night on Nzd/Usd and Eur/Aud. Pity on the EA as its rebounded nicely now.
- #19,537
- Nov 27, 2013 4:44am Nov 27, 2013 4:44am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Well sometimes things just work out in your favor. I placed several of my longer TF trades before bed last night and they moved nicely. {image} {image} {image} So now the idea for MM is to move to higher time frame monitor. I've pulled my stops up a little to underneath 15M structure, but I want to give the trade room to breathe. I'll go to the 4H or 1H initially. I'm looking for price to stay above the MA. Once established if price pulls back to the MA on the 4H I'll close half the position. Not loving the PA on Chf/Jpy so will monitor that more...
Doing what you like is Freedom. Liking what you do is Happiness.
- #19,538
- Nov 27, 2013 4:47am Nov 27, 2013 4:47am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
{quote} It's nice to make pips while you're sleeping!! I must admit that it's rare that I leave trades open over night.....I like to have a clean slate in the morning, but you're trading longer TF's than me so I can see why you would want to do it.
Just wanted to say many thanks for the Genesis system. I think the variety of ways that traders are generating pips with this is testament to the versatility and fundamental strength of the system.
- #19,539
- Nov 27, 2013 4:52am Nov 27, 2013 4:52am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} I have the trades set up to move to BE at +25 pips, so that helps. Just wanted to say many thanks for the Genesis system. I think the variety of ways that traders are generating pips with this is testament to the versatility and fundamental strength of the system.
Xaphod deserves much credit because he is the developer of the Matrix and other indies that we use and is a valuable part of this team effort to take the banks money!!
Doing what you like is Freedom. Liking what you do is Happiness.