EU short — Trade getting close to DP and BRN at 1.2800, getting ready to really tighten up SL if it gets there

Genesis Matrix Trading

Moved stop to lock in 7 pips. Best to be cautious this week with the way PA has been going

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You mean that you took the short after the triple top? With the benefit of hindsight I can see that indicated that the bulls were losing control. I don't know why it didn't register at the time. Perhaps I am too obsessed with not trading when the ...

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I'm cautious today and once again moved my SL to BE very quickly

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Took the short on EU, had broken below R1 and at last there seems to be some momentum. Trigger finger at the ready to get out quick if the trade moves against me.

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I am out of my EU long trade at BE. Pa has now been rejected twice at the bottom of the range at the peak of the Asian session. Suggests that maybe the bears are gaining strength. Maybe a short signal soon, but if taken, need to be ready to get out ...

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With early signs of rejection at the bottom of the Asian range, I have moved my SL to BE

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EU long — Decided to take the long signal on EU M5, Small SL, small stake

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Personally, I will wait for a break out from the box on my chart and make my decision then. That's IMHO.

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You can, but PA has been stalling for the last 2 hours, market has no direction, stoch is confused and didn't go below 20.

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I'm out now with 40 Pips profit. Not a bad start to the trading day

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EU Asian session — Price has penetrated but not been able to close above R2 for 3 candles so tightening my SL and locking in 40 pips.

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Thanks R2 hit and so moved stop just below R1, locking in 20 pips.

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EU Asian session — I looked at the Hourly chart on EU and saw that price had made a higher low and that the stoch had turned up from the 20 level. H1 had a bullish arrow in place for quite a few candles. So down to the M15 chart, it didn't ...

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Good post Sometimes trading is really boring when you are only taking the best trades. When you are passing on mediocre set-ups that turn out to be winners, the temptation is always there to lower your criteria. This has happened to me in the ...

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Braciola, I feel that you are one of those people who have started with Forex either because you believe all the hype and think that it is a way to get rich quickly, or you have financial difficulties and think that this is the solution with a few ...

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Look at your chart! You have higher highs and higher lows! You can't possibly think that this is a high probability trade. Look at the M15 chart. You have an expanding triangle. In situations like this, switch off your computer and walk away. The ...

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Really difficult to tell where you entered from your chart. I hope you don't normally have it zoomed in so much. I'm pretty sure that you mean the trade with the vertical line on this chart. If so, then your trade initially went about 11 pips in ...

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You need to take a good look at yourself and what you are doing. I have known people who have lived to trade/gamble. Their whole life is cycles of hope, elation and despair. If you recognise this in yourself, be warned, you do not have the mindset ...

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I hope that something has been lost in your English. Please confirm that by "borrow" you mean that you are trading a demo account and not that you are borrowing real money to trade on a real account !

Genesis Matrix Trading