Wasn't in the yen-cross trades, but this is a good reminder to have stop losses on at all times. Actually, what I do is set an automatic SL of 30pips that is triggered when I enter a trade, and then I adjust it to the last swing high/low +/- 5 pips ...

Genesis Matrix Trading

I think if you were to countertrade, it would be better not to go into the M15 timeframe to trade, as it is more likely (not definitely) countertrend trades are shorter in length. If you look back at your entry pint on the M5 TF chart, M5 stoch was ...

Genesis Matrix Trading

kristjantelve: One missing piece is enough to turn a high probability trade into a so-so probability trade (as I've painfully learned and am continuing to learn) ... RJ: It's not the quantity of posts that count, it's the quality. Let's ...

Genesis Matrix Trading

No sign of higher high higher low in PA.

Genesis Matrix Trading

Perhaps this can go into post one as a reminder for people ...

Genesis Matrix Trading

try using S/R lines like pivots and round numbers as your core exit strategy. And use other methods as emergency exits or when prices don't look like they can reach the S/R.

Genesis Matrix Trading

Genesis and Stoch were fine, but: 1) it's been an uptrend across the board so taking a GU short may have been lower probability 2) GU has been one of the strongest pairs recently (look how little it has corrected since the recent top vs the other ...

Genesis Matrix Trading

Welcome back RJ and Olivia Even in time for Draghi speech ...

Genesis Matrix Trading

Yelena, can I ask for: GU - there was a WP above your entry -> do you give little weight to WP and MP etc because it is daytrading? AU - DP just above? Do you take the cue from EU/EJ and CJ and expect AU to break the DP, or is it because you have ...

Genesis Matrix Trading

Let's get back to trading (& definitely no need for fighting in this thread). Another low-range day, and ignoring the pre-FF open actions and GU which is hard to trade ... there hasn't been much on offer so far.

Genesis Matrix Trading

Thanks for Genesis, please come back — Dear RJ and Ohammond (and Yelena, Cody, Xaphod, Minako, Olivierforex etc) Just want to say a big thank you for creating and sharing Genesis and your trade experience with us. You guys are selfless. I just ...

Genesis Matrix Trading

Yes, if you look at the major pairs like EU, GU, we're up against very solid resistance (use say daily chart, look left), and stoch is very OB. No predictions, can go either way (as RJ says), but it is entirely possible the upward move may be a bit ...

Genesis Matrix Trading

You're really nailing that EA pair almost day after day

Genesis Matrix Trading

Can people here post some successful trades today? Seems like quite tough going today ...

Genesis Matrix Trading

This ( url ) give news snippets as they develop. Can be useful for those that like their news faster (but drawback is less complete).

Genesis Matrix Trading

Was that a sweep?

Genesis Matrix Trading

The EU will announce the details of the banking union proposal at 07:00 GMT, the German high court will announce the ESM decision at 08:00.

Genesis Matrix Trading

With mostly red candles and the last test of DP so weak, would it work to take profit on half position at S1 and hold remaining down to round number or S2 (with SL say half way between DP and S1)?

Genesis Matrix Trading

AU long after breaching DP and retest? EA short was beautiful

Genesis Matrix Trading

Thanks RJ, I understand your message. I was only taking a look at Carmillas (Minako mentioned yesterday), and there's a TDI matrix that is pretty much soon to go (you know I joined here from BigE's thread). The rest are just simple ...

Genesis Matrix Trading