Genesis Journal

Just going to post my way of trading Genesis for my own development

Took this last night

Should have moved my SL to +10 and let it hit my TP. I need to work on my exits.

I dropped the MA's for now and added M30/H1 arrow matrix

First trade of the week.

Small 3 pip scalp

Price seemed to be caught up at the daily open with a lot of buyers


It finally took off and took out my TP. Eh

Took forever but closed around +10. This week has been tough... a lot of girlfriend drama

hi acroix
about this trade, where did you put the SL? it can be huge?

I put it were the red mark is, the last swing high

Sorry for not posting lately I have been busy

Loss I just closed

-25 pips


Reasons

No M15 arrow
TVI was still above zero
H1 Stoch was in oversold

A 'classic' M5 Genesis trade on the surface Acroix.

Trend was down all asian session, pull back to DP followed by the Genesis matrix and the arrow to signal the short.....perfect set up right?.......not quite.

First of all, I don't see the fact that M5 TVI being above the zero line is too much of an issue (others may disagree). What is an issue is the M15 TVI was not indicating a short.

Secondly, H1 stoch in oversold???? not on my chart. It was very much heading up and the M30 stoch was also against the trade. These, together with the M15 TVI, are the main reasons I would not have entered at this point.

Also, taking a short so close after the formation of a M15 long arrow is always a very risky strategy.

If you're looking to trade M5 always ensure the M15 TVI and M30 stoch are solidly in the trade direction at least. I also Like to see the H1 stoch in my favour before an entry, I never trade against it whether trading M5 or M15.

Hope this helps.......