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Genesis Matrix Trading

Quoting JasonDeaN
Maybe that's my problem. I walk almost always at the very end of the trend. I'm waiting for ASCTrend be all one color.
If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite....BUT.....I will be well aware that the larger TF trend (M30 and H1) are opposite, so I know that this trade may not be a big one, and that I should consider exiting in profit at the next pivot, round number or whatever. If I am lucky enough to enter a trade where all 4 ASCTrend TF's agree, and the MAtrix, stoch etc also agree, then the trade may turn into a decent runner and instead of exiting at the next pivot, round number etc, I will move my SL up into (more) profit and look to see if the PA is going to move on to the next pivot etc etc.

It's just a matter of experience, but, as I said a while back, all you need to do right now is to get consistent. 20 pips per day is great start. 20 pips per day compounding (as per the spreadsheet on Post #1) is still a very good earn over 6 months. There;'s no need to look for 'home runs' every time you sit down to trade. 4 trades of 5 pips = 20 pips.

Anyway, I hope that helps.....I'm off to do some chores.....back for Frankie
Doing what you like is freedom. Liking what you do is happiness.
Quoting heispark
{quote} More and more I realize that both mental and physical health are very important factors to win the trade.....
Yes indeed....healthy mind, body and soul!!
Doing what you like is freedom. Liking what you do is happiness.
Quoting heispark
{quote} More and more I realize that both mental and physical health are very important factors to win the trade.....
Totally agree with you. I have for example a big problem at the moment, is that I open the transaction earlier than necessary.
Do not be afraid to make mistakes, be afraid to repeat them.
Quoting realjumper
{quote} If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite....BUT.....I will be well aware that the larger TF trend (M30 and H1) are opposite, so I know that this trade may not be a big one, and that I should consider exiting in profit at the next pivot, round number or whatever. If I am lucky enough to enter a trade where all 4 ASCTrend TF's agree, and the MAtrix, stoch etc also agree, then the trade may turn into a decent...
Thank you very much for the advice.
Do not be afraid to make mistakes, be afraid to repeat them.
Nice SL sweep just before the German Prelim GDP.....lol.....they will have to get out of bed a bit earlier than that if they want to catch most of us!!
Doing what you like is freedom. Liking what you do is happiness.
morning/evening all

took this
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I'm learning to fly, around the clouds; but what goes up must come down
geomink All Time Return: 153.3%
EUR/USD H4 Chart Short

AUD/JPY Short still running

EUR/GBP Long still running

USD/CAD Long still running

8% Exposure I won't be entering any more trades until these play out.
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Quoting stevepatt
EUR/USD H4 Chart Short AUD/JPY Short still running EUR/GBP Long still running USD/CAD Long still running 8% Exposure I won't be entering any more trades until these play out. {image}
At what stage do you move you SL into profit Steve?

My way of doing it is to never have more than 2 trades open at any one time, unless the trades are protected by a SL in profit, even if the profit is 1 pip....at least then the trade has no more risk. When I have the trade protected I am free to open another one, either on the same pair or on another pair. So I can end up with 4 or more trades open at any one time, but never will more than 2 of them be unprotected by at least 1 pip.
Doing what you like is freedom. Liking what you do is happiness.
Quoting geomink
morning/evening all took this {image}
worst way to start day trading
I'm learning to fly, around the clouds; but what goes up must come down
geomink All Time Return: 153.3%
Morning guys !!

Another load of poor EU data ??

French CPI: -0.1% from 0.8% the previous month - Wow
I am a fallible imperfect person; so I must be a fallible imperfect trader.
Quoting geomink
{quote} worst way to start day trading
Well....I did wonder why you would short EJ. You're going against the overall trend and surely it cannot have escaped you that the Yen is being weakened since almost the beginning of the year.

EU was a much better bet for a short.
Doing what you like is freedom. Liking what you do is happiness.
Quoting Martyfish
Morning guys !! Another load of poor EU data ?? French CPI: -0.1% from 0.8% the previous month - Wow
Yeah.....it's almost a given at the moment isn't it?
Doing what you like is freedom. Liking what you do is happiness.
EJ +13pips

Please tell me, what you spread on GJ and EJ?
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Do not be afraid to make mistakes, be afraid to repeat them.
Quoting JasonDeaN
EJ +13pips Please tell me, what you spread on GJ and EJ? {image}
EJ = 1.6

GJ = 3.2
Doing what you like is freedom. Liking what you do is happiness.
Quoting realjumper
{quote} EJ = 1.6 GJ = 3.2
You can tell the address of your broker? My broker EJ 3, GJ 7
Do not be afraid to make mistakes, be afraid to repeat them.
Quoting JasonDeaN
{quote} You can tell the address of your broker? My broker EJ 3, GJ 7
Just google FXCM in your area

You can probably get even better spreads at pepperstone, but there is a commission to pay
Doing what you like is freedom. Liking what you do is happiness.
Quoting realjumper
{quote} Just google FXCM in your area You can probably get even better spreads at pepperstone, but there is a commission to pay
Thanks.
Do not be afraid to make mistakes, be afraid to repeat them.
Quoting stevepatt
EUR/USD H4 Chart Short AUD/JPY Short still running EUR/GBP Long still running USD/CAD Long still running 8% Exposure I won't be entering any more trades until these play out. {image}
Steve,

Nice to see how you are doing H4. Learning from your trades.
What the mind does not know, the eyes cannot see
Quoting geomink
{quote} worst way to start day trading
At that time German GDP released. Better avoid news releases. NU or AU were good I think.
Simplicity is the ultimate sophistication - Leonardo da Vinci
I'm french, It's official recession in France, the president must see curator of the EU for major change in the country
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