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Genesis Matrix Trading

  • #3,801
  • Sep 7, 2012 3:54am Sep 7, 2012 3:54am
Quoting realjumper
Ah you bought the bounce of S1?
Got that one too, seemed pretty good but got out at yesterdays low, started to show some stalling. Also b/c I forgot to check my lot size before I entered the trade (happened to be higher than my usual b/c of my news scalps from y'day) either way the end result was equal to what the account would have made if I had left it going to the next pivot. Lesson learned tho lol.
  • #3,802
  • Sep 7, 2012 3:57am Sep 7, 2012 3:57am
Quoting mannai70
Got that one too, seemed pretty good but got out at yesterdays low, started to show some stalling. Also b/c I forgot to check my lot size before I entered the trade (happened to be higher than my usual b/c of my news scalps from y'day) either way the end result was equal to what the account would have made if I had left it going to the next pivot. Lesson learned tho lol.
Looks like a good trade with a great R:R......not sure why I didn't take that one....doh!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,803
  • Sep 7, 2012 6:28am Sep 7, 2012 6:28am
Too scared to take this long because stoch was too high.
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  • #3,804
  • Sep 7, 2012 6:34am Sep 7, 2012 6:34am
Quoting iwan73
Too scared to take this long because stoch was too high.
Right, but the Stoch 15 M was high but this also means continuing trend., While 5 m was correct. Believe me from personal experience.
Try to also use this method:
- The refusal of Pivot - Support or Resistance, take the next signal Genesis, Genesis basically confirms that the point of refusal is confirmed and most of the time the market reaches the x Toggle Pivot.

Hello
  • #3,805
  • Sep 7, 2012 6:36am Sep 7, 2012 6:36am
Quoting iwan73
Too scared to take this long because stoch was too high.
Nothing wrong with that.....I didn't take it either, for the same reason. It's all well and good to look at it now and say 'damn, I should have taken that', but that is with our 20/20 hindsight. If you were in that trade when it began, at market open this morning, then it is a great trade to stay in because the stoch is showing how strong the move is. So strong in fact that it is not giving us any chance of a safe re-entry/entry since Frankie open.

No point worrying about, there was a good trade on AU that Olivia took and there was a good trade on GU as well.

Taking the high probability trades is what this is all about.....there will be others
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,806
  • Sep 7, 2012 6:38am Sep 7, 2012 6:38am
Quoting Matrix8756
Try to also use this method:
- The refusal of Pivot - Support or Resistance, take the next signal Genesis, Genesis basically confirms that the point of refusal is confirmed and most of the time the market reaches the x Toggle Pivot.
Yep, that's a good point too.....Genesis gives the entry in the strong trend that I just spoke of. Not sure that I'm keen to do that, but you make a valid point
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,807
  • Sep 7, 2012 6:47am Sep 7, 2012 6:47am
should have stayed in the EA trade. Even had my SL at BE +1, but oh well I guess I got something so should be content with that.

one thing I've noticed is that whatever system you are trading, you should just focus in on that and not worry about any other info you hear anywhere, that all falls into the discipline of trading and believing in your approach to the market.
I read somewhere that, two people with completely different strategies giving two different signals can both be equally profitable.
  • #3,808
  • Sep 7, 2012 6:49am Sep 7, 2012 6:49am
Quoting mannai70
should have stayed in the EA trade. Even had my SL at BE +1, but oh well I guess I got something so should be content with that.

one thing I've noticed is that whatever system you are trading, you should just focus in on that and not worry about any other info you hear anywhere, that all falls into the discipline of trading and believing in your approach to the market.
I read somewhere that, two people with completely different strategies giving two different signals can both be equally profitable.
When did you get it and when you close it?
  • #3,809
  • Sep 7, 2012 6:53am Sep 7, 2012 6:53am
Quoting mannai70
one thing I've noticed is that whatever system you are trading, you should just focus in on that and not worry about any other info you hear anywhere, that all falls into the discipline of trading and believing in your approach to the market.
I read somewhere that, two people with completely different strategies giving two different signals can both be equally profitable.

I agree 100%

I follow the system and I don't care what any analyst says, I don't care what harmonic patterns may be in play, I don't care about Elliot waves and I don't care about predictions of any sort. The Genesis Matrix system is all I'm interested in because it consistently makes money for me!!

Jumping between threads/systems is just as bad. Of course you have to jump around to find what suits you, but when you find it, immerse yourself in it and let it be your guide without distraction.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,810
  • Sep 7, 2012 6:55am Sep 7, 2012 6:55am
Quoting Matrix8756
When did you get it and when you close it?
got in at the genesis signal @ .2244ish and out at @ .2260ish

PA was getting congested around yesterdays low.
  • #3,811
  • Sep 7, 2012 6:59am Sep 7, 2012 6:59am
Quoting realjumper
I agree 100%

I follow the system and I don't care what any analyst says, I don't care what harmonic patterns may be in play, I don't care about Elliot waves and I don't care about predictions of any sort. The Genesis Matrix system is all I'm interested in because it consistently makes money for me!!

Jumping between threads/systems is just as bad. Of course you have to jump around to find what suits you, but when you find it, immerse yourself in it and let it be your guide without distraction.
Just sit there and watch the pattern form basically lol, no one ever said the trading part of trading is fun, it's actually quite boring.

Now that this week is almost out of the way along with all that news from this week, next week and onward should make for some nice trading.
  • #3,812
  • Sep 7, 2012 7:02am Sep 7, 2012 7:02am
RJ,

Do you take into consideration of Weekly pivots and SR levels?


To anyone considering taking that short signal on EA that genesis just displayed I would strongly advise against it because NFP news is due to be released in 30mins or so.
  • #3,813
  • Sep 7, 2012 7:04am Sep 7, 2012 7:04am
Quoting mannai70
Just sit there and watch the pattern form basically lol, no one ever said the trading part of trading is fun, it's actually quite boring.

Now that this week is almost out of the way along with all that news from this week, next week and onward should make for some nice trading.
Oh yeah....it gets very boring sometimes.

Don't forget the NFP circus is coming in a little while......fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,814
  • Sep 7, 2012 7:05am Sep 7, 2012 7:05am
Quoting mannai70
RJ,

Do you take into consideration of Weekly pivots and SR levels?


To anyone considering taking that short signal on EA that genesis just displayed I would strongly advise against it because NFP news is due to be released in 30mins or so.
No I don't. I only worry about daily pivots, round numbers and previous s/r levels that can be seen on the larger charts....H4 etc etc
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,815
  • Sep 7, 2012 7:09am Sep 7, 2012 7:09am
Took this short with rejection R2 and confirms Genesis.
Let's see where it goes .......

I should add that we are going 'against' so the TP will be more modest and providing a more attention.
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  • #3,816
  • Sep 7, 2012 7:21am Sep 7, 2012 7:21am
Quoting mannai70
Do you take into consideration of Weekly pivots and SR levels.
i'm not rj

but you see they are calculated in different manners. if these levels cluster around certain numbers, then you can bet your $, husband, dog and kids that they provide a very strong resistance/support, that when broken, expect a rally
Challenger
  • #3,817
  • Sep 7, 2012 7:29am Sep 7, 2012 7:29am
All my trades are closed.....let the NFP show begin...*grabs a coffee and some cookies*....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,818
  • Sep 7, 2012 7:35am Sep 7, 2012 7:35am
i guess there's a first time for everything..i had never seen ej and eu going in opposite directions on nfp until now!
  • #3,819
  • Sep 7, 2012 7:38am Sep 7, 2012 7:38am
Quoting bubola
i guess there's a first time for everything..i had never seen ej and eu going in opposite directions on nfp until now!
Take a look at UJ and you'll see why! Azumi san won't be smiling!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,820
  • Sep 7, 2012 7:39am Sep 7, 2012 7:39am
Quoting realjumper
Take a look at UJ and you'll see why! Azumi san won't be smiling!
Yep
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