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Genesis Matrix Trading

Quoting kosmo
{quote} Yes, the market is just motionless. I'd better stop looking at the charts or else I might start entering some silly trades and seeing things that aren't there, lol!
Feels like I should have stayed in bed Maybe NYSE open will kick it up a bit.
Tight Stop Losses are False Economy - RJ
Quoting realjumper
{quote} I've gone to my laptop now and I'm making pumpkin fritters....lol.....that will keep me busy for a little while!!
Those sound amazing Enjoy!
Tight Stop Losses are False Economy - RJ
Quoting realjumper
{quote} I've gone to my laptop now and I'm making pumpkin fritters....lol.....that will keep me busy for a little while!!
Sounds delicious, but... haven't you just had a soup?

Enjoy!
mind over matter
Quoting kosmo
{quote} Sounds delicious, but... haven't you just had a soup? Enjoy!
Yep......I still have another 14 pumpkins in my kitchen too!!
Doing what you like is Freedom. Liking what you do is Happiness.
GBP/JPY short. I'll be moving it to BE+1 asap with 149.00 in the way...

(RJ, let me know if you want me to change anything on this posted chart. It's pretty close to what you like I think.)
EDIT: stopped out above swing high.
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Tight Stop Losses are False Economy - RJ
Quoting Pippicidal
GBP/JPY short. I'll be moving it to BE+1 asap with 149.00 in the way... (RJ, let me know if you want me to change anything on this posted chart. It's pretty close to what you like I think.) {image}
Your chart is fine.

Can't say the same for the PA though!! There's one or two scalping opportunities on the M5, but nothing much for me on M15...EJ is tempting, but I don't want to leave any trades open because idiot Bernanke is going to yappin while I'm sleeping!!
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting Pippicidal
GBP/JPY short. I'll be moving it to BE+1 asap with 149.00 in the way... (RJ, let me know if you want me to change anything on this posted chart. It's pretty close to what you like I think.) {image}
The MTF arrow up was there and the M30/H1 stochs were already climbing when you entered.
mind over matter
Quoting kosmo
{quote} The MTF arrow up was there and the M30/H1 stochs were already climbing when you entered.
Right you are Let me give my reasons for the trade and then please critique them.
I assumed it was a pullback in the longer term downtrend of the last few days. There was M5 stoch divergence and the M15 stoch had crossed down out of the 80 area. The GMTS dash had lots of supportive red as did the ASCTrend matrix. Secondary/non Genesis factors: SMA60 was still pointed down, other JPY crosses seemed to be finding resistance at their respective S/R levels. H1 stoch was slightly upturned but still way down low, perhaps signaling continued strength of the downtrend (at the time, not anymore). I'm undecided on whether to classify this losing trade as non HPT or just one of the ones that inevitably doesn't work..
All feedback appreciated.
Kosmo, do you never trade against the MTF arrow? I need to go back and review my trades and see how that filters out. Thanks
Tight Stop Losses are False Economy - RJ
Quoting kosmo
{quote} The MTF arrow up was there and the M30/H1 stochs were already climbing when you entered.
Reviewing my best trades (I'll go thru the rest of them after London closes) 6 out of 7 were opened in the direction of the MTF 15 arrow. Thanks for bringing that out Kosmo.
Tight Stop Losses are False Economy - RJ
Quoting Pippicidal
{quote} Right you are Let me give my reasons for the trade and then please critique them. I assumed it was a pullback in the longer term downtrend of the last few days. There was M5 stoch divergence and the M15 stoch had crossed down out of the 80 area. The GMTS dash had lots of supportive red as did the ASCTrend matrix. Secondary/non Genesis factors: SMA60 was still pointed down, other JPY crosses seemed to be finding resistance at their respective S/R levels. H1 stoch was slightly upturned but still way down low, perhaps signaling continued...
Critique is the last thing on my mind, Pippi. We're here to learn from each other. As RJ always says, analysing the charts and signals involves a lot of discretion, and it's often easy to make a bull and a bear case at the same time.

I agree it could have looked like the pullback might be over on the M5, but to me PA was somewhat in no man's land, not even reaching S1. To short, I would have waited at least until PA bounced off S1 firmly. Plus, if you looked at the M15, the matrix was all white and both stochs were clearly climbing. You entered on the second red candle (inside the blue box) which did not look strong at all compared to the preceding bull candles; it didn't even cross the 5EMA. All in all, not a HPT short for me. But that's just my 2 cents

I can't say I never trade against the MTF arrow, but I certainly take it into account before I pull the trigger.
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mind over matter
Quoting kosmo
{quote} Critique is the last thing on my mind, Pippi. We're here to learn from each other. As RJ always says, analysing the charts and signals involves a lot of discretion, and it's often easy to make a bull and a bear case at the same time. I agree it could have looked like the pullback might be over on the M5, but to me PA was somewhat in no man's land, not even reaching S1. To short, I would have waited at least until PA bounced off S1 firmly. Plus, if you looked at the M15, the matrix was all white and both stochs were clearly climbing. You...
Critique is not a negative term to me, I'm very much appreciative of constructive criticism (maybe positive feedback is a better term, haha). And one of the reasons I'm posting trades here is to learn from all of you and to have my trades analyzed/critiqued (hopefully others can learn from them as well). Thanks for the great perspective Kosmo. I can see I need to pay more attention to the M15 charts from what you've shown me. It's pretty clear on the M15 that the short was a weak signal. Great analysis.
I've got a new sticky on my MT4 screen saying 'MTF ARROW DIRECTION'
Also, that's a very important point regarding rejection/bounces off of support lines versus in 'no man's land'. I'll be waiting for that confirmation from now on.
Thanks much
Tight Stop Losses are False Economy - RJ
Traded after a couple of days' break.
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What the mind does not know, the eyes cannot see
Quoting padila
Traded after a couple of days' break. {image}
Come on, said the rabbit to the duck, at least post a genesis trade.
Quoting Marviin
{quote} Come on, said the rabbit to the duck, at least post a genesis trade.
Do you mean the entry about an hour before? I was not watching then.
What the mind does not know, the eyes cannot see
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
My intention was to get up early and catch Beranke the senior Muppet of the USA but sleep patterns take more than one day to alter ....and all those sleepy posts complaining about no price action ....ha ha..... It has gone down another 40 as I print this!
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Quoting Jamz
My intention was to get up early and catch Beranke the senior Muppet of the USA but sleep patterns take more than one day to alter ....and all those sleepy posts complaining about no price action ....ha ha..... It has gone down another 40 as I print this! {image}
Jamz.......Bernanke got downgraded to 'Idiot' by R & J some time ago

I see eur/usd has moved 244 pips already.....back into the 1.30's......sigh....yet again!
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting padila
Traded after a couple of days' break. {image}
Good that your trade worked out, but it so easily could have gone the other way.

1. PA was nearly flat lining
2. Both stochs were well into bull country, which is ok, but so easily could have turned over and is not great for an entry position
3. Pretty close to the underside of the DP

None of these things on their own are necessarily a bad thing, but I certainly wouldn't have entertained an entry there. You got away with with it, and you have pips in your pocket....you may not get away with it next time though
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting kosmo
{quote} Critique is the last thing on my mind, Pippi. We're here to learn from each other. As RJ always says, analysing the charts and signals involves a lot of discretion, and it's often easy to make a bull and a bear case at the same time. I agree it could have looked like the pullback might be over on the M5, but to me PA was somewhat in no man's land, not even reaching S1. To short, I would have waited at least until PA bounced off S1 firmly. Plus, if you looked at the M15, the matrix was all white and both stochs were clearly climbing. You...
Great analysis Jo......you see the value in peeking at the M15 TF
Doing what you like is Freedom. Liking what you do is Happiness.
ADR on EU is currently at 423%
Tight Stop Losses are False Economy - RJ
Quoting Pippicidal
ADR on EU is currently at 423%
LOL!

No idiot, (or muppet) has ever made a lasting change to the direction of the price. Essentially fundamentals do that, and nothing has really changed. Bernanke didn't choose his words carefully when he spoke this time....or last time...one of two....which is why he's an idiot.

Whether this will give the USD Index is required retrace to get it out of overbought state or whether that was really the double top of USDX, we shall see in due course.
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Doing what you like is Freedom. Liking what you do is Happiness.
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