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Genesis Matrix Journal

  • #1
  • First Post: May 18, 2015 10:07pm May 18, 2015 10:07pm
Today trade,

Rejection of 00" Level and pivot point,
SL 35pips
TP next support level.

Let see what will happen.

Quoting Raymond00
Today trade, Rejection of 00" Level and pivot point, SL 35pips TP next support level. Let see what will happen. {image}
BE+2,

risk removed, free trade
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  • #2
  • May 19, 2015 2:10am May 19, 2015 2:10am
Quoting Raymond00
Today trade, Rejection of 00" Level and pivot point, SL 35pips TP next support level. Let see what will happen. {quote} BE+2, risk removed, free trade {image}
hehe, what a pity here is i did not let the trade fly, haiz.....

Instead i take a profit just below S1 for 60pips...

I saw the price stall around S1 so i take the profit before LO...

How do you guys handle this problems?
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  • #3
  • May 19, 2015 2:12am May 19, 2015 2:12am
Quoting Raymond00
{quote} hehe, what a pity here is i did not let the trade fly, haiz..... Instead i take a profit just below S1 for 60pips... I saw the price stall around S1 so i take the profit before LO... How do you guys handle this problems? {image}
In my opinion, i think there is only one way to handle this situation, set a trailing stop....

That is the thing i learnt from this trade.

Happy trading....
  • #4
  • May 19, 2015 4:46am May 19, 2015 4:46am
Nice trade - don't get greedy, just take profit and be happy.
  • #5
  • May 22, 2015 1:27am May 22, 2015 1:27am
Quoting Raymond00
{quote} In my opinion, i think there is only one way to handle this situation, set a trailing stop.... That is the thing i learnt from this trade. Happy trading....
Hi Raymond

Very nice journal you have here. Genesis is a very solid system in my opinion.

On the bigger TFs the trailing SL works well especially if you trail it manually behind the the recent High or Lows but it might be even better to have your position split into 2 or 3 parts to be able to take partial profit in target areas as it can be frustrating to have a nice push in a direction and then a reversal of +/- 30 pips on the 5min TF that knocks you out , knowing you could have bagged a couple in a support or resistance level.

Hope you dont mind me sharing this here.you might have considered it already and decided this is how you want to go about it

Each to their own

All the best


Rooi
We miss 100% of the shots we don't take
  • #6
  • Last Post: Jun 24, 2015 7:06pm Jun 24, 2015 7:06pm
yesterday small profit +20 pips.

entry rules:
1.) 4 matrix in line
2.) bar open above 5ema
3.) M5 arrow also there
4.) most importantly, the m5 stoch is cross up and have retrace before i enter the trade, in line with m15 stoc also.

so, take the trade

exit rules:
still need to work hard on exit, scared to lose so just take a small profit below pivot. thinking about trailing stop, when do you guys start to put trailing stop?

thanks/.
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