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Genesis Matrix Trading

  • #19,881
  • Dec 4, 2013 3:51am Dec 4, 2013 3:51am
Quoting realjumper
{quote} Sounds more like good trading than good luck to me! It's the pre-market analysis that you speak of that I didn't have time for today, but something might come along later. It was good to take Mum out and see her happy with her new eyes, so that's enough to make me smile even if I get no trades at all!
Nice.....................

PM1
  • #19,882
  • Dec 4, 2013 3:53am Dec 4, 2013 3:53am
I was short with GU right after LO. Before the news, I put my SL at BE, and news pushed the price to S1 for +31.
  • #19,883
  • Dec 4, 2013 3:55am Dec 4, 2013 3:55am
Quoting PipMonster1
{quote} I thought S1 was achievable but placed second PT at S2 while I was having dinner, not thinking it would get hit unless something random happened.........well random spike happened..........so the pips are mine. PM1
Nice going PM1 !!!

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,884
  • Dec 4, 2013 3:56am Dec 4, 2013 3:56am
Quoting realjumper
{quote} Sounds more like good trading than good luck to me! It's the pre-market analysis that you speak of that I didn't have time for today, but something might come along later. It was good to take Mum out and see her happy with her new eyes, so that's enough to make me smile even if I get no trades at all!
I'm glad to hear that everything is ok now
  • #19,885
  • Dec 4, 2013 3:58am Dec 4, 2013 3:58am
Quoting PipMonster1
{quote} I thought S1 was achievable but placed second PT at S2 while I was having dinner, not thinking it would get hit unless something random happened.........well random spike happened..........so the pips are mine. PM1
on my chart, prices had more than 20 pips to go until S2, but I guess different spikes for different platforms.


I entered similar to you but exited about 5 minutes before the Services PMI news to avoid being caught in any SL hunting.

It was still a solid trade.
  • #19,886
  • Dec 4, 2013 4:06am Dec 4, 2013 4:06am
Quoting RainyDay1
{quote} on my chart, prices had more than 20 pips to go until S2, but I guess different spikes for different platforms. I entered similar to you but exited about 5 minutes before the Services PMI news to avoid being caught in any SL hunting. It was still a solid trade.
Thanks RD1. Just checked pivots online and the template I'm using is WRONG!!!!!!!!!!!!!!!!!!!!!!!!! What the???? I'll check this out and see what bug I've got.

See you can even make pips with wrong pivots..............lol.......

PM1
  • #19,887
  • Dec 4, 2013 4:11am Dec 4, 2013 4:11am
Quoting PipMonster1
{quote} Thanks RD1. Just checked pivots online and the template I'm using is WRONG!!!!!!!!!!!!!!!!!!!!!!!!! What the???? I'll check this out and see what bug I've got. See you can even make pips with wrong pivots..............lol....... PM1
Wouldn't mind a mistake like that turn out so well
  • #19,888
  • Dec 4, 2013 4:15am Dec 4, 2013 4:15am
Thats me for the day folks

missed a few ops but ended w 2 from 2 and +29

Day 4 tomorrow, see you at FFO or LO

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,889
  • Dec 4, 2013 4:19am Dec 4, 2013 4:19am
Quoting jjre65
Thats me for the day folks missed a few ops but ended w 2 from 2 and +29 Day 4 tomorrow, see you at FFO or LO Cheers J.
Sweet dreams J.................

PM1
  • #19,890
  • Dec 4, 2013 4:20am Dec 4, 2013 4:20am
Quoting jjre65
Thats me for the day folks missed a few ops but ended w 2 from 2 and +29 Day 4 tomorrow, see you at FFO or LO Cheers J.
Hope you left a few pips for us?!?!?!

later man....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,891
  • Dec 4, 2013 6:19am Dec 4, 2013 6:19am
Hi everyone

Its been a while since I was last here but Im now hoping to pick up where I left off and continue with my goal of becoming a full time trader.

Thanks to RJ for allowing me in once again. I hope to contribute more to the thread as time progresses.

Green pips to you all.....
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #19,892
  • Dec 4, 2013 6:43am Dec 4, 2013 6:43am
Long entry EU M1
1. Double bottom
2. Divergence on M5 stoch
3. Recovery above Pivot.

Stopped for 2 pips on long wick marked with gray circle.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 56 KB
  • #19,893
  • Dec 4, 2013 7:47am Dec 4, 2013 7:47am
Quoting iwan73
Long entry EU M1 1. Double bottom 2. Divergence on M5 stoch 3. Recovery above Pivot. Stopped for 2 pips on long wick marked with gray circle. {image}
I recall RJ having said that chart patterns/candlesticks and divergences tend to be less reliable the lower the TF.

Perhaps that's the reason.
  • #19,894
  • Edited 8:37am Dec 4, 2013 8:21am | Edited 8:37am
Quoting iwan73
Long entry EU M1 1. Double bottom 2. Divergence on M5 stoch 3. Recovery above Pivot. Stopped for 2 pips on long wick marked with gray circle. {image}

I think that's similar to the trade that I posted earlier in # 19,876. If so then 10am on your chart was the London Open and at 10:45 poor Italian Services PMI data came out, giving the spike down.....I locked in some +ve pips with a SL before the news....
Trading Levels with WRBs
  • #19,895
  • Dec 4, 2013 8:56am Dec 4, 2013 8:56am
The ADP data at 13:15 gmt sent € quickly down before price retraced back to the 1m 25 ema allowing a sell for the ride down to the area of Proven Support from my 15m chart. Now waiting for the ISM and Housing data at 15:00 gmt / 10am EST....
Attached Image (click to enlarge)
Click to Enlarge Name: dec4 eur 1m5m 1449 gmt.png Size: 141 KB
Trading Levels with WRBs
  • #19,896
  • Edited 5:12pm Dec 4, 2013 9:19am | Edited 5:12pm
Quoting RainyDay1
{quote} I recall RJ having said that chart patterns/candlesticks and divergences tend to be less reliable the lower the TF. Perhaps that's the reason.
Divergences [LTF] - agree - don't work. Double [triple...] tops and bottoms ARE reliable - not as a pattern but if price fails to get somewhere it's a point to take into consideration. Anyway, wouldn't look for sophisticated patterns on M1!
The single most important factor is having control of your own life.
  • #19,897
  • Dec 4, 2013 10:41am Dec 4, 2013 10:41am
Quoting RainyDay1
{quote} I recall RJ having said that chart patterns/candlesticks and divergences tend to be less reliable the lower the TF. Perhaps that's the reason.
RD,

Absolutely, and trying to fish at the bottom trying to pick tops and bottoms, is a sure way lose money very quickly.

My motto is "I try to take the meat in the middle"

Wait for a trend to establish, then trade in that direction, when you get a pullback.

M1 double/triple bottoms/tops... M5 stoch divegences....

Well, not for me, and if someone out there is trading them successfully, congrats to you.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,898
  • Dec 4, 2013 11:30am Dec 4, 2013 11:30am
Quoting Mikkk01
{quote} Divergences [LTF] - agree - don't work. Double [triple...] tops and bottoms ARE reliable - not as a pattern but more like a level of S/R. However, wouldn't look for this on M1: {image}
hmm, dont like to see screens like this here.
when everyone will do it, the thread will change in a whole mess
  • #19,899
  • Dec 4, 2013 11:33am Dec 4, 2013 11:33am
My last EJ M5 trade.
Saw this a little bit to late but got the jump in.
Was good for 35 pips

Attached Image (click to enlarge)
Click to Enlarge Name: ejm5.png Size: 9 KB
  • #19,900
  • Dec 4, 2013 11:51am Dec 4, 2013 11:51am
Quoting scarlet pipe
Hi everyone Its been a while since I was last here but Im now hoping to pick up where I left off and continue with my goal of becoming a full time trader. Thanks to RJ for allowing me in once again. I hope to contribute more to the thread as time progresses. Green pips to you all.....
welcome back
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