Hey minako, took the same trades on eur/usd cut the loss on the short quickly -10 +60 on the long trade august is usually a crappy month to trade, given the low ATR on most pairs lately. In retrospect taking that short was a bad move (right above ...

Genesis Matrix Trading

yes, and this was trading only from frankfurt opening to london close, the best time to trade. In my experience, trading eur/usd during asia and NY session alone is not worth it.

Genesis Matrix Trading

yes, this week was kinda difficult but still, I managed to get over 240+ pips on eur/usd alone. Week after week, consistent profit. when you learn the basics of trading and apply this trading system, amazing things will happen. I want to ...

Genesis Matrix Trading

also keep in mind that 1.2533 was last day's high, and eur/usd has been moving above it since frankfurt opening. not the best idea to short right above it. but today was not a very good day, tight range. Sometimes the signal is good but the market ...

Genesis Matrix Trading

very tight range on eur/usd and most pairs right now better to wait the market to start moving before taking any trade

Genesis Matrix Trading

actually I shorted a little earlier at 1.2350 15m stochastics was also falling, price opened clear of 5 SMA, SL was reasonably small (20 pips) so yeah, I took the risk, but only because all my other criteria had been met. edit: let me add that I ...

Genesis Matrix Trading

sure, why not? double top, second high a bit lower than first (good), clear signal from genesis, stochastics coming down from overbought territory... SL at swing high

Genesis Matrix Trading

Now that I am thinking of it, I believe the problem was that the arrow I was using was the one you could alter max bars, to backtest purposes. after installing arrow.mq4 you provided it seemed the arrow reverted back to the one you cannot alter max ...

Genesis Matrix Trading

Yes!! It's working now thanks Cody, great help.

Genesis Matrix Trading

yep, did that as well. Still nothing, this is strange.

Genesis Matrix Trading

I did that several times, still not working. Yes, I do.

Genesis Matrix Trading

anyone else is having problem with MTF arrow? this is what happens when I attach it to the chart: edit: I tried both version, dots and arrow, neither will work on my charts.

Genesis Matrix Trading

looking back I should have taken EJ as well, nice double top there on 30M~1H and R1 right above (last days high also). Would be another 30-40 pips in my bag. Oh well. Market will stay there, no doubt. can't say I'm sad though, just met my target for ...

Genesis Matrix Trading

you gotta love genesis — short at 1.23257 closed at 1.22764 (around 80% of ATR) SL: 20 pips +49 pips great signal, PA below DP making lower highs edit: and in direction of 15M arrow

Genesis Matrix Trading

your problem is that you are shorting into an obvious uptrend. Take a look at what PA did pre-london. zoom out your charts, draw trendlines and tell me what you see. go on 15m charts, it was no close to give a short signal.

Genesis Matrix Trading

trend for today is obviously down, take a look on 15M in such days of strong trend I think it's safer to only go counter-trade if signal is generated at strong S/R and if ADR is already exausted. eur/usd has not yet touched 80% of it's ADR, so it ...

Genesis Matrix Trading

I'm basically in the same trade, but on eur/usd

Genesis Matrix Trading

one thing I noticed is that this MM strategy will work significantly better the higher your hitrate is. not sure what kind of system this trader was using, so I cannot make any further comments.

Genesis Matrix Trading

Arctic4x, You are still not getting my point here. I am not saying to use a smaller SL mandatorily. Most traders here, including RJ and olivia use last swing high/low for SL placement. Therefore, depending on the trade, the size of SL will vary, it ...

Genesis Matrix Trading

I understand what you are saying, but that's not exactly what I am trying to say. The point is adjustable lot size in relation to the size of stop loss needed for each trade. The 2% risk (or whatever number you want) remains the same, always. ...

Genesis Matrix Trading