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Genesis Matrix Trading

  • #21,341
  • Jan 20, 2014 2:29am Jan 20, 2014 2:29am
Quoting Skat
EA short (-20 pips) .. I never enter trade just before and after Euro Open..I broke my rule and market punished me . Pros. 1.With trend 2.Stochs were fine. 3.breaking BRN and passing below S1. Cons. 1. Timing 2. Just Before News ( blunder I rarely did !! ) 3. Past PA not very convincing .. If any of you can shed some experience what went wrong in your opinion/experience. Regards {image}
I didn't enter that trade. The key bad factors [IMO] are:

1. M5 was way too low and I don't usually enter if m5 is that high/low - it's important for m1 entry IMO. Well, if all the other conditions are perfect - maybe only then. But it's not the case here.
2. BRN - price was messing around it all day and keeping on with that even now...
The single most important factor is having control of your own life.
  • #21,342
  • Jan 20, 2014 2:44am Jan 20, 2014 2:44am
Quoting Mikkk01
{quote} I didn't enter that trade. The key bad factors [IMO] are: 1. M5 was way too low and I don't usually enter if m5 is that high/low - it's important for m1 entry IMO. Well, if all the other conditions are perfect - maybe only then. But it's not the case here. 2. BRN - price was messing around it all day and keeping on with that even now...
Good points Mikkk01 . TY
  • #21,343
  • Jan 20, 2014 2:56am Jan 20, 2014 2:56am
Quoting Skat
{quote} Good points Mikkk01 . TY
You're welcome!
The single most important factor is having control of your own life.
  • #21,344
  • Jan 20, 2014 3:09am Jan 20, 2014 3:09am
Quoting Skat
EA short (-20 pips) .. I never enter trade just before and after Euro Open..I broke my rule and market punished me . Pros. 1.With trend 2.Stochs were fine. 3.breaking BRN and passing below S1. Cons. 1. Timing 2. Just Before News ( blunder I rarely did !! ) 3. Past PA not very convincing .. If any of you can shed some experience what went wrong in your opinion/experience. Regards {image}
I'll throw my 5c into the ring as well....you opened right in front of the Frankie session opening. As we know, Frankie has it's own mind and does whatever it wants, so there's no way I would enter a trade that close to Frankie open without a very good reason indeed. Also, as Islander said, you were just too slow out of the gate.....you opened the short past the optimum time.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,345
  • Jan 20, 2014 3:14am Jan 20, 2014 3:14am
closed GU long +18

Entered on the open 8:05

Standard early morning setup
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,346
  • Jan 20, 2014 3:18am Jan 20, 2014 3:18am
Quoting realjumper
{quote} I'll throw my 5c into the ring as well....you opened right in front of the Frankie session opening. As we know, Frankie has it's own mind and does whatever it wants, so there's no way I would enter a trade that close to Frankie open without a very good reason indeed. Also, as Islander said, you were just too slow out of the gate.....you opened the short past the optimum time.
Correct RJ .. Timing was not optimum for both the market and the trade.
Thanks
  • #21,347
  • Edited 3:36am Jan 20, 2014 3:25am | Edited 3:36am
Quoting Skat
EA short (-20 pips) .. I never enter trade just before and after Euro Open..I broke my rule and market punished me . Pros. 1.With trend 2.Stochs were fine. 3.breaking BRN and passing below S1. Cons. 1. Timing 2. Just Before News ( blunder I rarely did !! ) 3. Past PA not very convincing .. If any of you can shed some experience what went wrong in your opinion/experience. Regards {image}
Hi

Looks like you took a manual exit too?
If Im reading your chart right (always best to show the actual trade - click and drag he trade from account history onto chart).....had you stuck w your SL (30 pips?) you would still be in the trade or, had an opportunity to exit at BE

If 30 pips is not within your tolerance...............dont take the trade

cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,348
  • Jan 20, 2014 3:27am Jan 20, 2014 3:27am
E J could be falling over
  • #21,349
  • Jan 20, 2014 3:27am Jan 20, 2014 3:27am
Quoting Martyfish
closed GU long +18 Entered on the open 8:05 Standard early morning setup
Hi Marty

I took that too and exited near the 1.6454, which has proven solid resistance...................

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,350
  • Jan 20, 2014 3:29am Jan 20, 2014 3:29am
Quoting Martyfish
closed GU long +18 Entered on the open 8:05 Standard early morning setup
Great trading Marty!
You are really doing great with EJ and GU. I'm certain that you will be equally successful with your third pair.
  • #21,351
  • Jan 20, 2014 3:38am Jan 20, 2014 3:38am
Quoting jjre65
{quote} Hi Marty I took that too and exited near the 1.6454, which has proven solid resistance................... J
Congrats JJ

GU HTFs look very strong ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,352
  • Jan 20, 2014 3:42am Jan 20, 2014 3:42am
Quoting eltax100
E J could be falling over
H4 is strongly down, but H1 strongly up ???
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,353
  • Jan 20, 2014 3:44am Jan 20, 2014 3:44am
Quoting nikz
{quote} Great trading Marty! You are really doing great with EJ and GU. I'm certain that you will be equally successful with your third pair.
TY Nikz, just comfortable with my setup now, amazing what happens when you stop fiddling with things and just concentrate on trading.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,354
  • Edited 4:04am Jan 20, 2014 3:45am | Edited 4:04am
Quoting jjre65
{quote} Hi Looks like you took a manual exit too? If I reading your chart right (always best to show the actual trade - click and drag he trade from account history onto chart).....had you stuck w your SL (30 pips?) you would still be in the trade or, had an opportunity to exit at BE If 30 pips is not within your tolerance...............dont take the trade cheers J
Hi jjre,
It was SL hit as I set the SL following M1 recent Swing High ..
Attached Image (click to enlarge)
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  • #21,355
  • Jan 20, 2014 3:48am Jan 20, 2014 3:48am
Quoting Martyfish
{quote} Congrats JJ GU HTFs look very strong ??
Im in 2 minds

D1 is looking good but up to that everything else is topping out
Im waiting for a decent pullback and take it from there
The last time I called a similar situation w PM1 (short) it ran 100 pips long in the next 10 mins, hahaha................so as much as I like to consult HTFs all the way up, I dont build it into my M1 trading.

J

EDIT: until a trade is running
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,356
  • Jan 20, 2014 3:50am Jan 20, 2014 3:50am
Quoting Skat
{quote} Hi jjre, It was SL hit as I set the SL following M1 recent Swing High ..
Hi

is the thick red line your entry point?
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,357
  • Jan 20, 2014 3:59am Jan 20, 2014 3:59am
closed EJ long +11 pips

Entered on open of 9:35 candle
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,358
  • Jan 20, 2014 4:03am Jan 20, 2014 4:03am
Quoting Martyfish
closed EJ long +11 pips Entered on open of 9:35 candle
9:35 Marty or 9:45?

PM1
  • #21,359
  • Jan 20, 2014 4:03am Jan 20, 2014 4:03am
Entered EA short
  • #21,360
  • Jan 20, 2014 4:08am Jan 20, 2014 4:08am
Quoting Skat
{quote} Hi jjre, It was SL hit as I set the SL following M1 recent Swing High .. {image}
right
Winning isnt everything but coming second sucks (Charlie Brown)
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