If memory serves me right, one of Yelena's successful strategies was based on the movement pre NY open...

Genesis Matrix Trading

Your original entry was against the downtrend but you got the rest of Genesis spot on. 4 things: 1) a more cautious trader might have waited for the PA to at least turn a bit and show a Higher Low (HL) 2) by the time you got your HL and the next ...

Genesis Matrix Trading

That is so wrong hehehehe ..... it's ..... "look after the pennies, and the pounds will look after themselves" (you mess with the Queens' english at your peril)

Genesis Matrix Trading

Now you're entering into the more 'discretionary' part of trading...I suggest that you keep a journal of all the 'potential' TRT that you spot and at the end of the week see what has worked and what hasn't worked for all the instruments that you ...

Genesis Matrix Trading

A good example showing that even with the HTF M15 Stox on the floor the price can carry on going in the same direction for many more pips: .OB/OS Stox on their own aren't a reason to exit a trade (although you should be careful when entering as it's ...

Genesis Matrix Trading

Excel but paper works fine too. Type of work I did at the end of the day or weekend for new instruments/strategies. After a while once you have enough data you can stop doing it as the average/minumum/maximum for most figures will be kinda ...

Genesis Matrix Trading

Hi Al, It means 'what was the most pips that I could have got from that trade from the entry/signal point to the end of that move' (if I had a 'perfect exit'). This is work that is only done once a move has finished. Obviously we never/rarely get a ...

Genesis Matrix Trading

Stoch-Tape Warning — Again just a quick word of advice/warning regarding Stoch-Tape that makes a signal look better/stronger in hindsight than it did in real-time. On the M5 signal candle, the M15 Stox was quite clearly rising and in conflict ...

Genesis Matrix Trading

So true, setting unrealistic TPs with big RRR is one of Forex's easier pasttime. As per the usual, it's a good idea to keep a journal of each trade, including DrawDown, pips banked, most pips 'seen', % of TP achieved and so on....If you consistently ...

Genesis Matrix Trading

FWIW — I think that if you're trading EU & Euro-related pairs, the Euro Index (EurX) is a better proxy than the $ Index (UsdX, which only has 58% Euro 'weight' in it). EurX broke out of that (inverted) H&S pattern earlier than UsdX & has ...

Genesis Matrix Trading

Glad to hear you banked some pips and remembered the similar conversation about SL placement 2 days ago...

Genesis Matrix Trading

I can't see a M5 stox divergence + the M15 divergence didn't 'reveal' itself until 5 minutes later (when the M15 candle closed) and the M15 stox was flat if not still pointing down when the signal appeared (at least on my charts)

Genesis Matrix Trading

+ Hindsight problem with any MTF on lower TFs is that you can't tell what it was at the time: those 2 H1 & H4 Tape could have turned at least grey (neutral) on that dip down before the entry line but they closed blue 7 bars later after the pop ...

Genesis Matrix Trading

That wasn't a good day either if like me you were long silver, short crude and long stocks. I remember so many alarms on so many instruments all sounding at the same time around 4/5am UK time lol

Genesis Matrix Trading

Bar the M15 Stox non-OB bit you mentioned earlier it was ok; M15 matrix was also already neutral + you had M15 arrow too, bounce down from DP...

Genesis Matrix Trading

To me these levels (1.29xx) will always be remembered as my first proper market ass-kicking as a newbie trader in early 2004 when the idea of a Stop Loss was for other people because quite clearly "I was born to be a successful trader" (anyone else ...

Genesis Matrix Trading

We've all been there

Genesis Matrix Trading

Testing support trendline as I type (caution for Shorts). Potential Target Point Projections for contracting triangles: 1) calculate 'height' of triangle (41 pips) 2) add this number of pips at the point of breakout to either side: Up: 1.0260 (also ...

Genesis Matrix Trading

1) it was the first Sell signal after a 55 pips move up so it needs a bit of caution as potentially you're counter-trending (on M5 chart anyway). But again, that's a 2 edged-sword because if you're too cautious you'd have missed out on the previous ...

Genesis Matrix Trading

If I may, I'll use Frontline's chart to explain why my views on M15 OB/OS Stox are part of my 'discretionary arsenal' rather than 'hard rules' so that there's no confusion: .I could say that the M15 Stox didn't quite go in OS territory first (white ...

Genesis Matrix Trading