I am a fallible imperfect person; so I must be a fallible imperfect trader.
Genesis Matrix Trading
- #21,601
- Jan 29, 2014 1:32pm Jan 29, 2014 1:32pm
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
- #21,603
- Jan 29, 2014 8:05pm Jan 29, 2014 8:05pm
Hi Excess,
I think it was not safe to take EA trade untill CNY news come out.This pair takes CNY news seriously due to AUD.
if it were not CNY data day,I would have waited for it to break today's high to enter long. ( Pardon me if my conditional sentence is wrong grammetically
English is my 2nd language 
)
It was my 2cent as I am learning, I hope you find it little helpful .
Regards
I think it was not safe to take EA trade untill CNY news come out.This pair takes CNY news seriously due to AUD.
if it were not CNY data day,I would have waited for it to break today's high to enter long. ( Pardon me if my conditional sentence is wrong grammetically
English is my 2nd language )It was my 2cent as I am learning, I hope you find it little helpful .
Regards
EA failed trade. Entered because: - Trend was bullish since LO - H1 & H4 Stochs were high - M5 & M15 Stoch were curling up from OS - Entered at close of M5 Matrix PA turned However.…. Dang it. {image}
Did you ever put your sl exact on the high/low ?
I recommend to add few pips to the SL. Because, often the PA retest the area again.
Just my 2 cents.
- #21,605
- Jan 29, 2014 9:07pm Jan 29, 2014 9:07pm
Thanks for the comments team.
@Fame, Yes i put SL pretty much on the swing low. I see PA eventually went in the planned direction (without me)
XS
@Fame, Yes i put SL pretty much on the swing low. I see PA eventually went in the planned direction (without me)
XS
Learn from your mistakes until you succeed. It's that simple.
- #21,606
- Jan 29, 2014 10:15pm Jan 29, 2014 10:15pm
Thanks for the comments team. @Fame, Yes i put SL pretty much on the swing low. I see PA eventually went in the planned direction (without me)
I probably wouldn't have taken your trade, but if I did, given that the swing low (1.5608 on my chart) - 5 = 1.5603, I probably would've put my SL on the otherside of 1.56 - e.g. 1.5598 - just to give that tiny little extra bit of room.
Just my 2 cents, I'm by no means perfect at this either.
1 pip at a time ... if the entries are strong, the rest will follow ...
- #21,607
- Jan 29, 2014 10:59pm Jan 29, 2014 10:59pm
{quote} If you'd added just 5 pips, you might've just scraped in ... I always add 5 pips, just in case of retest and also spread variations etc ... I probably wouldn't have taken your trade, but if I did, given that the swing low (1.5608 on my chart) - 5 = 1.5603, I probably would've put my SL on the otherside of 1.56 - e.g. 1.5598 - just to give that tiny little extra bit of room. Just my 2 cents, I'm by no means perfect at this either.
XS
Learn from your mistakes until you succeed. It's that simple.
- #21,609
- Jan 30, 2014 2:12am Jan 30, 2014 2:12am
GJ M5 Short, 37 Pips. Entered Because: - Frankie open - M5 Matrix - M5, M15, H1 Stochs dropping (H4 Already on the floor) Exited first sign of M5 Matrix discolouration for some safe pips. ExcessFX {image}
Nice work ... I got to the screens a bit too late but it did look pretty good - certainly a trade I would've taken.
1 pip at a time ... if the entries are strong, the rest will follow ...
GJ M5 Short, 37 Pips. Entered Because: - Frankie open - M5 Matrix - M5, M15, H1 Stochs dropping (H4 Already on the floor) Exited first sign of M5 Matrix discolouration for some safe pips. ExcessFX {image}
PM1
{quote}
I was also late on the scene Ant..........sideways PA......a nice valid Genesis signal...........+37
PM1
- #21,613
- Jan 30, 2014 2:34am Jan 30, 2014 2:34am
{quote}
Learn from your mistakes until you succeed. It's that simple.
- #21,614
- Jan 30, 2014 2:37am Jan 30, 2014 2:37am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #21,615
- Jan 30, 2014 2:38am Jan 30, 2014 2:38am
{quote} Excellent trade FX - very patient waiting for the break of those HA lows............didn't eventuate so take the profit.......
Frankie/London being a lot better for me tonight.
XS
Learn from your mistakes until you succeed. It's that simple.
- #21,616
- Jan 30, 2014 2:41am Jan 30, 2014 2:41am
{quote} Absolute pip machine !! Great trading Excess !!
The key is knowing what to look for
Had some rough Tokyo sessions this week, jiggled my charts a little to include H1 & H4 Stochs and now being rather strict as to what i enter.
It seems to be paying off.
XS
Learn from your mistakes until you succeed. It's that simple.
- #21,617
- Jan 30, 2014 2:44am Jan 30, 2014 2:44am
EA short 45 Pips Entered because: - Frankie Open - M5, 15, H1, H4 Stochs all dropping - M5 Matrix Exited M5 Matrix discolouration (safe pips) ExcessFX {image}
nice trade . EA had been ranging , so i was afraid to take that trade 
gEt BusY LiVinG oR Get bUsy dyIng
- #21,618
- Jan 30, 2014 2:53am Jan 30, 2014 2:53am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
{quote} Thanks Marty, been waiting 13 hours for these setups. The key is knowing what to look for
Think you mention two key skills there:
- Patience; and
- Discipline
Re H4, I keep an eye on it, but will happily trade against it if H1/M30/M15 allign. May alter my profit expectations.
Depends on the upcoming news
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #21,619
- Jan 30, 2014 2:55am Jan 30, 2014 2:55am
{quote}
On my GJ trade in post 611 i actually took a very cheeky pre frankie long with a very tight SL.
The M5 stoch was punching up into the M15, also the H1 was looking good, PA never took off.
XS
Learn from your mistakes until you succeed. It's that simple.
