Took this one on G/J. Price stalled and I got out at +8 pips.
Genesis Matrix Trading
- #21,381
- Jan 20, 2014 7:09pm Jan 20, 2014 7:09pm
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
- #21,384
- Jan 20, 2014 8:30pm Jan 20, 2014 8:30pm
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
- #21,385
- Jan 20, 2014 8:49pm Jan 20, 2014 8:49pm
Hi,
For me, I only trade EA and GJ.
Trade session: Tokyo market open.
Rules:
1.) Buy above SMA 60 in M15. (To identify trend.)
2.) Buy above Daily Pivot in M15. (To identify trend.)
After identify trend, change to M1 chart look for entry.
3.) Genesis signal confirmed in M1.
- Stoch M5&M15 cross up "Open Mouth"
- Arrow M1&M5 agree.
- Genesis agree and all white.
4.) SL put at previous swing low.
5.) Target 50pips. ==> Still learning for exit point.
This trade close at +51pips.
For me, I only trade EA and GJ.
Trade session: Tokyo market open.
Rules:
1.) Buy above SMA 60 in M15. (To identify trend.)
2.) Buy above Daily Pivot in M15. (To identify trend.)
After identify trend, change to M1 chart look for entry.
3.) Genesis signal confirmed in M1.
- Stoch M5&M15 cross up "Open Mouth"
- Arrow M1&M5 agree.
- Genesis agree and all white.
4.) SL put at previous swing low.
5.) Target 50pips. ==> Still learning for exit point.
This trade close at +51pips.
- #21,386
- Jan 20, 2014 9:17pm Jan 20, 2014 9:17pm
{quote} Sorry guys, I was planning to but I was busy and later away from my platform so I could't post chart until now. Reasons why I entered was because H1 and H4 matrix turned red, both completed with the closing candle, plus M15 and M5 matrix already red. SL was cheap 10 pips (there was no last swing high so I put it above S1..it's wasn't by the rules though), and stoch looked a little bit better during time of entryI thought it was good opportunity for re-entry. Anyway, my SL got hit although you can't actually see the price hitting...
The m5 stoch was already going up when you entered - it couldn't look much better. Anyway it was very low.
SL wasn't at all cheap. You'd probably stay out had you been following the general stop placement rule.
You don't have BRNs on the chart and price was glued to it the whole day yesterday.
Your pivots are a little off [at least yesterday but better check here].
The single most important factor is having control of your own life.
- #21,387
- Jan 20, 2014 9:47pm Jan 20, 2014 9:47pm
- Joined Feb 2013 | Status: constructively provocative | 1,505 Posts
The house is back to ship-shape and no apparent damage structurally, and just a few things broken. Luckily the tequila was not amoung the victims!! I have to cross the Manawatu Gorge to go see Mum but it's dangerous now as rock falls are continung with the aftershocks etc. Mum is ok though and she has a good network of friends...On a good note, my fish think they now have a wave pool...lol
mind over matter
- #21,389
- Jan 21, 2014 12:06am Jan 21, 2014 12:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Personally I don't see what difference this makes to other readers. It's either a good Genesis trade that followed the rules, or a bad Genesis trade that didn't follow the rules, regardless of live or demo.
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,390
- Jan 21, 2014 12:08am Jan 21, 2014 12:08am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Just passing by to say glad you and your Mum are ok, RJ
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,392
- Jan 21, 2014 1:31am Jan 21, 2014 1:31am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,394
- Jan 21, 2014 1:56am Jan 21, 2014 1:56am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #21,399
- Jan 21, 2014 6:13am Jan 21, 2014 6:13am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.