Totally nothing to do with trading but something interesting I found - {image} PM1
Doing what you like is Freedom. Liking what you do is Happiness.
Genesis Matrix Trading
- #21,561
- Jan 28, 2014 12:23am Jan 28, 2014 12:23am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
- #21,563
- Jan 28, 2014 12:44am Jan 28, 2014 12:44am
{quote} Nice trade asithayaIn my opinion, your entry was good, except entry candle wasn't off 5MA. I'm not sure about previous entry that you've mentioned. I would also be worried about the pullback and change in direction, plus M1 arrow was against. Also bottom sotch looks flat. As for stoploss, as an alternative, you can drag your SL line above next swing high. In that case you have secured some pips in your pocket and you give your trade room to breathe in case it goes further south. Cheers!
3rd chart "is this the right place to enter" - well yes............your actual entry I would categories as a re-entry.
gEt BusY LiVinG oR Get bUsy dyIng
- #21,564
- Jan 28, 2014 12:55am Jan 28, 2014 12:55am
{quote} Yup...and we need to remember that whenever we enter their environment
hahaa .. when i was reading the first few words in your picture , i thought white sharks actually eat lots of humans a year... i think humans are getting more and more inhuman day by day. nature will stop this craziness soon. what will happen to the FX market that day?
sell sell sell.. bears will be winning 
gEt BusY LiVinG oR Get bUsy dyIng
- #21,566
- Jan 28, 2014 1:49am Jan 28, 2014 1:49am
- 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.
- #21,568
- Jan 28, 2014 2:02am Jan 28, 2014 2:02am
- 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.
- #21,569
- Jan 28, 2014 2:33am Jan 28, 2014 2:33am
Hi, guys. Any comments for this chart (signal)? {image} {image}
And what do you think of the situation as S1 was broken?
If I took that trade, i will target for MS2 and then s2.. Now the first target has hit .. and I have missed those pips
gEt BusY LiVinG oR Get bUsy dyIng
- #21,570
- Jan 28, 2014 2:40am Jan 28, 2014 2:40am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
If I took that trade, i will target for MS2 and then s2.. Now the first target has hit .. and I have missed those pips
But to enter where GM first signaled his entry would have been fine. I think GM you need to go back and re-read the m1 trading PDF. It clearly says in that PDF: "The M30 stoch on the M5 chart is the last thing I really want to talk about. It is there more as a guide as to what's going on the larger TF. Obviously, if the M5, M15 and M30 stochs all agree, assuming that the Matrix etc also agrees, you're in for a HPT. You don't have to wait for the M30 stoch to agree, but if you enter against the M30 stoch your trade may not develop into a big one.....so be prepared to exit with modest gains."
As I keep saying....ALL the information is already in the thread......SEARCH for it!!!
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,571
- Jan 28, 2014 2:53am Jan 28, 2014 2:53am
{quote} The point I'm trying to get GM to see is that even if he had waited for S1 to break, there is still a pretty good short entry there. I'm in this trade and we'll see how it goes.
gEt BusY LiVinG oR Get bUsy dyIng
- #21,572
- Jan 28, 2014 2:58am Jan 28, 2014 2:58am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} s2 got hit know? a 85pips trade , risk is less than 20pips .. is that right ? feeling great as a genesis member..
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Didn't quite touch S2 and I was out of the room at the time so I gave back a few pips. Entry was under S1, so +45 was my total
Just one question, these are situations where you will enter before LO? Were you BE before LO?
I've entered later for +20. M1 works great in these situations. Gives you very nice chance for re-entry. S2 + BRN is good enough reason for me to exit the trade.
- #21,576
- Jan 28, 2014 3:33am Jan 28, 2014 3:33am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Nice haul
I had to leave the room and I wasn't expecting the PA to drop so quick, so when I came back I took a manual exit. Hindsight says I should have waited for S2 or BRN, but +45 is good enough!
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} No I wasn't at BE yet.....my SL was still in place. I had to leave the room and I wasn't expecting the PA to drop so quick, so when I cam back I took a manual exit. Hindsight says I should have waited for S2 or BRN, but +45 is good enough! {image}
- #21,580
- Jan 28, 2014 9:49am Jan 28, 2014 9:49am
I have seen somewhere RJ or marty had said that he don't want to see candles for the entry. I also have noted that for the entry, candles force us not to take good trades. But i cant say that surely. Do you agree with that? but in most cases I use the HA candle chart to determine the trend. 
gEt BusY LiVinG oR Get bUsy dyIng