It was not a guess. mazprofx.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
Genesis Matrix Trading
- #21,961
- Feb 26, 2014 9:36am Feb 26, 2014 9:36am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
- #21,962
- Feb 26, 2014 9:37am Feb 26, 2014 9:37am
{quote} No need for "embarrass" just learn, practice, write notes to yourself, "talk" to yourself during the trade, and... "Breathe" let yourself breathe and let the trade breathe !!
And, will talk to "myself" during the trade..Instead of talking to "myself"after the trade (why i closed that one)..
Noted, Golden Words: "Breathe" let yourself breathe and let the trade breathe !!
mazprofx.
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
- #21,963
- Feb 26, 2014 9:42am Feb 26, 2014 9:42am
{quote} M5 TVI didnt switch off until the 15:00 candle, so I exited 5 minutes early
mazprofx.
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
- #21,964
- Feb 26, 2014 9:46am Feb 26, 2014 9:46am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
{quote} Yes, i was right, it's just that you are too humble to accept your greatness..
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #21,967
- Feb 26, 2014 10:18am Feb 26, 2014 10:18am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
{quote} Enter on the close of the 13:20 candle by any chance Marty....................
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #21,968
- Feb 26, 2014 10:34am Feb 26, 2014 10:34am
- | Joined Feb 2012 | Status: Don't let the bastards grind u down | 217 Posts
{quote} Open of the 13:20
I took half off at S1 for +33 then panicked and closed the remaining half on the short pullback to BRN for +43.
I think exits will always be........WORK IN PROGRESS!!!!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
- #21,969
- Feb 26, 2014 11:31am Feb 26, 2014 11:31am
EA +30 trade i took today. I took trade because the PA had rejected two times from daily pivot. but right after i enter there was another pullback to pivot, but i didn't exit, place the SL below last swing low and waited . Placed TP some pips below R1. after couple of hours tp was hit. 
gEt BusY LiVinG oR Get bUsy dyIng
- #21,970
- Feb 26, 2014 12:04pm Feb 26, 2014 12:04pm
{quote} No need for "embarrass" just learn, practice, write notes to yourself, "talk" to yourself during the trade, and... "Breathe" let yourself breathe and let the trade breathe !!
When I was trading genesis at first, most trades were loosing trades. Then I look back to those trades and noted my mistakes. The mistake which have written most is "exiting early" . I had got frustrated in pullbacks. Then I decided to place the SL in the right place and wait till it hit. After that decision most of the trades were profitable.
Next main mistake I had done is trading out of the system or trying to enter early.
If you can correct those mistakes you ll be definitely profitable. ( with common forex analysis , like S/R, trend, Pivot, BRN ...)
gEt BusY LiVinG oR Get bUsy dyIng
- #21,971
- Feb 26, 2014 1:34pm Feb 26, 2014 1:34pm
{quote} It means: "it's better (for your pocket) to be out, wishing in....than it is to be in, wishing out!!! "
You control how you trade; the market controls how and when you'll get paid
- #21,972
- Feb 26, 2014 2:20pm Feb 26, 2014 2:20pm
{quote} Good. But, not great..{quote} We both need to try, manual trailing as RJ said in his earlier post, Golden Words..
EDIT: EJ approx +77 pips from my entry..It really hurts to see that..
mazprofx.
Aswell as manual trailing the stop, it is important to focus on the system indicators during the trade, not the candles, as you do in watching for set ups.
The Matrix, ASCT and stochs will tell you when price is running out of steam.
If you both look at your exit point you will see there is no sign of weakness in the move according to the system indicators.
Trading M1 I take notice when the TVI and T3 change colour on the M1 Matrix, and usually take action when they change colour on my M5 chart, unless it is a big trade and I am managing the trade on M15, or price is due for a pullback or a rest before moving on.......anyway the point being the indicators are there as much for trade management as they are for trade identification.
We all leave pips on the table sometimes. Dont worry about it, just learn from it. Nothing wrong with taking profits. You dont need to squeeze every last pip out of every trade. With good MM, 10 - 30 pips a day is plenty enough to make a lot of money if you compound your account. If youre not using PM1's trade calculator xls I would strongly recommend it.
Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
- #21,973
- Feb 26, 2014 6:56pm Feb 26, 2014 6:56pm
- Joined Apr 2013 | Status: trading is less better than more | 250 Posts
{quote} yes, the entry was a HPT one, all stochs M5, M15, M30 were in agreement and a strong H1 stoch. It would be good if you practice on exits, simultaneously (once u got good entry), because it needs more experience, more practice & tons of live trading hours, than entry. Just an advise, entry is first preference though. mazprofx.
patience is a virtue
- #21,974
- Feb 26, 2014 7:02pm Feb 26, 2014 7:02pm
- Joined Apr 2013 | Status: trading is less better than more | 250 Posts
{quote}
a good habit is forming!experience talking buddy!
patience is a virtue
- #21,975
- Feb 26, 2014 7:08pm Feb 26, 2014 7:08pm
- Joined Apr 2013 | Status: trading is less better than more | 250 Posts
{quote} Hi to you both. Aswell as manual trailing the stop, it is important to focus on the system indicators during the trade, not the candles, as you do in watching for set ups. The Matrix, ASCT and stochs will tell you when price is running out of steam. If you both look at your exit point you will see there is no sign of weakness in the move according to the system indicators. Trading M1 I take notice when the TVI and T3 change colour on the M1 Matrix, and usually take action when they change colour on my M5 chart, unless it is a big trade and...
patience is a virtue
- #21,977
- Feb 27, 2014 2:20am Feb 27, 2014 2:20am
Great start today Ej for 38 pips down to ds1 2:1 return , made safe at plus 20 hope others were involved !!! Been a great week this week. I haven't really been trading much and have done my quota of 50 and a bit more besides.
- #21,978
- Feb 27, 2014 2:50am Feb 27, 2014 2:50am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
{quote} It has been a difficult week for ..... It's just a matter of finding what suits you best, but above all, patience is the key......and it always will be! Sooner or later the GU is going to turn south, so is the EU pair.......the Yen?....well......this artificial weakness thanks to Abe's possibly silly actions will end too. The Kiwi's stubbornness to stay above 80 will also end...etc etc etc. All that will happen...for sure.....and if we have the patience to collect...
Pretty much sums up a great deal of what has been happening.
I wish I had found this thread sooner in my trading.Its a great system with good traders showing the way and giving support in the tough times.
To all teaching here I salute you.You are doing a great job
To all learning here. Take in as much as you can from the guys giving it out.It really is one of the best threads to learn from here at FF!
All the best and I hope you guys take plenty of the banks money.
Rooi
We miss 100% of the shots we don't take
- #21,979
- Feb 27, 2014 4:02am Feb 27, 2014 4:02am
Closed EJ for +40 just above S1 & then entered again on the break of S1 and Closed at +35..just above S2.
Learned a Lesson, Yesterday, executed well today..Thanks, Marty & jjre, for your advice.
Still a long way to go, to learn, how to manage good exits.
mazprofx.
Learned a Lesson, Yesterday, executed well today..Thanks, Marty & jjre, for your advice.
Still a long way to go, to learn, how to manage good exits.
mazprofx.
Secret Lies in buy LOW sell HIGH concept keep working on it until u succeed
- #21,980
- Feb 27, 2014 4:22am Feb 27, 2014 4:22am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
Closed EJ for +40 just above S1 & then entered again on the break of S1 and Closed at +35..just above S2. Learned a Lesson, Yesterday, executed well today..Thanks, Marty & jjre, for your advice.
Got pretty much the same, plus a cheeky +20 on GU
I am a fallible imperfect person; so I must be a fallible imperfect trader.