{quote} pssssttttBut yes, I am here. This was not my plan, but I feel I have to support RJ.
Genesis Matrix Trading
{quote} So how is your trading so far?
Without the thread, I had lot of time for trading and learning and improve my skills.
Still trade my way with Genesis on M1 but in M5 I want trade the standard Genesis to show here in the thread how easy it could be for everyone
{quote} I am more then fine. Thanks for asking
{quote} Yes I do. Its not trading like M30 or higher. On higher timeframe you have more free time. On the smaller timeframes you need to see what happen. The biggest mistake what you can do is, take old signals. I guess, thats one of the biggest problems what "newbies" have. Its better to let the trade go and wait for a fresh signal. Patience is the biggest challenge which we all have.
- #21,466
- Jan 23, 2014 9:28pm Jan 23, 2014 9:28pm
{quote} Ya. You are right. What do you mean by old signals? calm and cool..more
Hi Gold Miner,
For me, as a newbie, M1-M5/M5-M15 method, sometime there is 3-4 signal come out per pair in a day, some may loss some is profit, are you take every single trade?
- #21,469
- Jan 23, 2014 10:04pm Jan 23, 2014 10:04pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} good..non-stop learning. Me too, trade with Genesis on RJ's M1-M5. So did you see the chart every second? sometimes I miss the trade, I think I need to watch it closely..
If Tokyo market is best for your location, then perhaps one of the Yen crosses (GJ or EJ) would suit. If London market is easier for you, perhaps EA would suit.
No matter which pair....stick with that pair. Get to know it well....get to understand how it reacts to news and it reacts to different times of the day. Find out what an average move might be (not a news event). Perhaps it moves it steps of 15 pips....perhaps more, or less. The only way you will know this is if you focus on the job in front of you. You won't do it by glancing at several pairs, reading the thread, checking up on Facebook (or whatever) when you think nothing is happening...because....when you're not concentrating....it will happen, and you will miss it!!
Tokyo market hasn't offered anything today on the pairs I mention, and given that we are 4 hours into the session, perhaps nothing will happen until Frankie/London market. We can never be sure, but from my own observations, mostly if it hasn't happened by now, then it probably isn't going to!!
I will cook dinner and see what happens at Frankie/London. If the Yen pairs move in 10 minutes from now and I miss it...too bad. Another trade will be along later
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} You MUST watch it closely....there's no other way on the M1-M5 method. My advice would be to pick a single pair only....and i would choose *either* EA of GJ...perhaps even EJ....but only one of those pairs. They each give pretty good ATR and they are consistent. If Tokyo market is best for your location, then perhaps one of the Yen crosses (GJ or EJ) would suit. If London market is easier for you, perhaps EA would suit. No matter which pair....stick with that pair. Get to know it well....get to understand how it reacts to news and it reacts...
"when you think nothing is happening"..straight to the point
and I like this word. It is always happen on me, haha..will change my mindset now.We do have a CT for EJ and GJ right? Don't you grab that? It is lunch now, I have to go..hehe. Enjoy your dinner, RJ.
- #21,471
- Jan 23, 2014 10:41pm Jan 23, 2014 10:41pm
- 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.
- #21,472
- Jan 23, 2014 10:42pm Jan 23, 2014 10:42pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Thank you RJ. I will put your comments into my notes. Yup, you are right, that's why I love EJ and GJ. I think my location is best for TO, FO, LO and even NYO, but will miss after LO and before NYO (in between), because knock off from work. "when you think nothing is happening"..straight to the point
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,473
- Jan 23, 2014 11:48pm Jan 23, 2014 11:48pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Thank you RJ. I will put your comments into my notes. Yup, you are right, that's why I love EJ and GJ. I think my location is best for TO, FO, LO and even NYO, but will miss after LO and before NYO (in between), because knock off from work. "when you think nothing is happening"..straight to the point
Obviously those moves were not meant for me. No need to be upset about it, that's the way it goes. No one (apparently) knew that China was going to make waves about credit risks etc, which is what caused the EA climb (the Aussie drop), and that's just the way it goes.
Smile....have a coffee and look for the next train to come into the station
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} There we have the perfect example.....EA climbed 100+ pips and GJ dropped about 40 while I was cooking and eating!! Obviously those moves were not meant for me. No need to be upset about it, that's the way it goes. No one (apparently) knew that China was going to make waves about credit risks etc, which is what caused the EA climb (the Aussie drop), and that's just the way it goes. Smile....have a coffee and look for the next train to come into the station
..thanks ya!
- #21,476
- Jan 24, 2014 12:21am Jan 24, 2014 12:21am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
COFFEE with SMILE! Relax...
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,480
- Jan 24, 2014 1:18am Jan 24, 2014 1:18am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Everyone loves coffee...................... {image} PM1
Doing what you like is Freedom. Liking what you do is Happiness.