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Genesis Matrix Trading

  • #4,041
  • Sep 13, 2012 12:49am Sep 13, 2012 12:49am
Hi,

I am new to this thread and have just started using this system would like to post my chart and would like to confirm if the red vertical line was a valid short entry on M5.

I would really appreciate if anyone can guide me as I starting with the system.

Thanks
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  • #4,042
  • Sep 13, 2012 1:29am Sep 13, 2012 1:29am
Good entry.

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  • #4,043
  • Sep 13, 2012 1:35am Sep 13, 2012 1:35am
Quoting hullas
Hi,

I am new to this thread and have just started using this system would like to post my chart and would like to confirm if the red vertical line was a valid short entry on M5.

I would really appreciate if anyone can guide me as I starting with the system.

Thanks
On the 'plus side'....

* M15 stoch position is good
* Matrix is all red
* Bear candle opened under the 5ema
* Arrow was present.

On the 'minus side'....

* M5 stoch not so good......nor bad, but not great.
* Trade was entered before Frankfurt open
* Trend has CLEARLY been UP all day

Would I have entered the trade?......not in a million years!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,044
  • Sep 13, 2012 1:42am Sep 13, 2012 1:42am
Think short signal not very good, but I take.

Attachment
  • #4,045
  • Sep 13, 2012 1:44am Sep 13, 2012 1:44am
Attached Image (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 118 KB
  • #4,046
  • Sep 13, 2012 1:49am Sep 13, 2012 1:49am
Quoting realjumper
On the 'plus side'....

* M15 stoch position is good
* Matrix is all red
* Bear candle opened under the 5ema
* Arrow was present.

On the 'minus side'....

* M5 stoch not so good......nor bad, but not great.
* Trade was entered before Frankfurt open
* Trend has CLEARLY been UP all day

Would I have entered the trade?......not in a million years!
Thanks RJ,

This is what I really like about this thread that you are still active and taking time for the new members!

Two questions

1) Had the M5 stoch been a little close to top and reaching the bottom so the condition would be more favorable right ?

Can I ask what SL I should be using when I start off when following your system?
  • #4,047
  • Sep 13, 2012 1:50am Sep 13, 2012 1:50am
Quoting realjumper
On the 'plus side'....

* M15 stoch position is good
* Matrix is all red
* Bear candle opened under the 5ema
* Arrow was present.

On the 'minus side'....

* M5 stoch not so good......nor bad, but not great.
* Trade was entered before Frankfurt open
* Trend has CLEARLY been UP all day

Would I have entered the trade?......not in a million years!
RJ I do not think Stoch 5M was so bad in fact.
Only negative before opening Frankfurt.
Then he made a new small max, but in general it did not seem so bad.
  • #4,048
  • Sep 13, 2012 1:52am Sep 13, 2012 1:52am
Quoting Matrix8756
RJ I do not think Stoch 5M was so bad in fact.
Only negative before opening Frankfurt.
Then he made a new small max, but in general it did not seem so bad.
I didn't say it was "so bad". I said "M5 stoch not so good......nor bad, but not great"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,049
  • Sep 13, 2012 1:56am Sep 13, 2012 1:56am
Quoting realjumper
I didn't say it was "so bad". I said "M5 stoch not so good......nor bad, but not great"
Ok.
Again, apart from the time, many times with the Stoch 5M so I took position.
Sorry solamnete just to better understand .........

I entered the signal after also because of the small divergence almost the same price.
  • #4,050
  • Sep 13, 2012 2:00am Sep 13, 2012 2:00am
Quoting Matrix8756
Ok.
Again, apart from the time, many times with the Stoch 5M so I took position.
Sorry solamnete just to better understand .........

I entered the signal after also because of the small divergence almost the same price.
I understand.

If I am going to enter a trade outside the recommended times, I want to see all the indicators perfectly placed......for me, near enough is not good enough when we are outside the recommended times.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,051
  • Sep 13, 2012 2:05am Sep 13, 2012 2:05am
Quoting realjumper
I understand.

If I am going to enter a trade outside the recommended times, I want to see all the indicators perfectly placed......for me, near enough is not good enough when we are outside the recommended times.
Sure.
If our friend Hullas held the position with the stop a little higher than the max, should be in place (for now).
  • #4,052
  • Sep 13, 2012 2:17am Sep 13, 2012 2:17am
To do some of the academy, because in the event of an increase the rate U.S. benefits the dollar?. The money would not cost more?
  • #4,053
  • Sep 13, 2012 2:23am Sep 13, 2012 2:23am
Quoting Matrix8756
Sure.
If our friend Hullas held the position with the stop a little higher than the max, should be in place (for now).
I have always allowed on a sell 5 pips + spread above the swing high or for a buy 5 pips below the swing low. It means a bit bigger stop loss but the amount of times price will go just a couple of pips above the swing and then turn means I am kept in a lot more than getting stopped out.
  • #4,054
  • Sep 13, 2012 2:30am Sep 13, 2012 2:30am
Thanks to you RJ and every menbers of this great forum, have read all about this system looks great and nice, this is my first live trade i place with Genesis Matrix signal, pls i want someone to help me out if im right, the redline on the 5mins chart is my entry point, thanks.
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  • #4,055
  • Sep 13, 2012 2:32am Sep 13, 2012 2:32am
First trade today short EU and now +10 pips in my pocket

K.
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  • #4,056
  • Sep 13, 2012 2:45am Sep 13, 2012 2:45am
I don't know if anyone else has noticed this but I have noticed that more times than not when we get a signal on the matrix that is formed suddenly or within few colors showing up the signal tends to be a strong one. Also when we get a signal that took some time to form it tends to be a weaker one that stalls quite quickly after the signal is formed. This might mean that PA is consolidating and one should be a little cautious when examining the validity of the signal.
  • #4,057
  • Sep 13, 2012 3:02am Sep 13, 2012 3:02am
Quoting mannai70
I don't know if anyone else has noticed this but I have noticed that more times than not when we get a signal on the matrix that is formed suddenly or within few colors showing up the signal tends to be a strong one. Also when we get a signal that took some time to form it tends to be a weaker one that stalls quite quickly after the signal is formed. This might mean that PA is consolidating and one should be a little cautious when examining the validity of the signal.
can you show an example of it? Thank you!
  • #4,058
  • Sep 13, 2012 3:07am Sep 13, 2012 3:07am
Quoting kristjantelve
First trade today short EU and now +10 pips in my pocket

K.
Rj,

do you think the trade on EU I quote is quite better than the previous ones you were speaking?

Thanks
  • #4,059
  • Sep 13, 2012 3:14am Sep 13, 2012 3:14am
Quoting vamtop
Rj,

do you think the trade on EU I quote is quite better than the previous ones you were speaking?

Thanks
Yes it is a better looking trade, but I didn't take it..
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,060
  • Sep 13, 2012 3:20am Sep 13, 2012 3:20am
Quoting Agoronaoka
Thanks to you RJ and every menbers of this great forum, have read all about this system looks great and nice, this is my first live trade i place with Genesis Matrix signal, pls i want someone to help me out if im right, the redline on the 5mins chart is my entry point, thanks.
It was all good Agoronaoka + the M5 Stox also showed a bearish divergence in the same way that your M5 Macd did + M15 Stox was also nicely coming down from OB levels.
WeeklyR1 is at 2921 (same level as the previous high pullback) and if this holds we'll likely get another test of the 'big round number' at 2900 and a break of that would open the way for a test of the DP (2883).
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