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Genesis Matrix Trading

  • #4,441
  • Edited Sep 25, 2012 5:28pm Sep 24, 2012 7:46pm | Edited Sep 25, 2012 5:28pm
we shall carry on.

template: #4564
entry: genesis system
exit: 100 pips daily target or PA or PAnic, whichever comes first
i bare in mind: "in FX we just need to react, not expect"
in my ears: squawkbox

WARNING: i am a newbie (Feb 2012 start of live trading), pea-brained, trades correlated pairs (ambivalent abt cross pairs), and with a patience as long as the wick of the candlestick (the visible part only).

hence, i exit quite prematurely (haven't cured that yet) and has every intention of ignoring questions already answered in the first 3 pages of the thread if not in post #1.

Set - ups i look out for:
Attached Image
  • #4,442
  • Sep 24, 2012 10:47pm Sep 24, 2012 10:47pm
I just can't got 100pips daily like the masters : )

anyway I will try my best


the first 20pips today
Attached Image (click to enlarge)
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  • #4,443
  • Sep 25, 2012 12:40am Sep 25, 2012 12:40am
GU long +26pips

Full Genesis dash, 5M arrows and strong stochs

Actually took first pullback, due to overbought 5M stoch
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,444
  • Sep 25, 2012 12:42am Sep 25, 2012 12:42am
Nice trade frontline, I was holding my finger over the trigger, but dont like trading pre-frankie open
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,445
  • Sep 25, 2012 12:46am Sep 25, 2012 12:46am
Quoting frontline141
I just can't got 100pips daily like the masters : )

anyway I will try my best


the first 20pips today
Nice trade,can you share that indi you have on your chart that display all four time frame?.
  • #4,446
  • Sep 25, 2012 12:50am Sep 25, 2012 12:50am
great job ! Martyfish

Didnt take that trade as Gbp always act like a bitch to me ~_~|

have to demo trade more first before I trade that again


and I'll starting learning to looking at dashboard like u now : )
  • #4,447
  • Sep 25, 2012 12:51am Sep 25, 2012 12:51am
Quoting stunna29
Nice trade,can you share that indi you have on your chart that display all four time frame?.
Stunna,

believe me you really don't need anything else than the original Genesis template to make money. Try to use it for few days

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #4,448
  • Sep 25, 2012 12:51am Sep 25, 2012 12:51am
Quoting stunna29
Nice trade,can you share that indi you have on your chart that display all four time frame?.
go to pipware : )
  • #4,449
  • Sep 25, 2012 12:56am Sep 25, 2012 12:56am
Quoting Martyfish
Nice trade frontline, I was holding my finger over the trigger, but dont like trading pre-frankie open
hai!

it could have easily skinned one alive. we are bound to miss some good moves. besides, it wasn't high probability.
Challenger
  • #4,450
  • Sep 25, 2012 12:59am Sep 25, 2012 12:59am
Quoting frontline141
great job ! Martyfish

Didnt take that trade as Gbp always act like a bitch to me ~_~|

have to demo trade more first before I trade that again


and I'll starting learning to looking at dashboard like u now : )
I would NEVER trade against H4 & H1 where they were both (dash & stoch) alligned.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,451
  • Sep 25, 2012 1:01am Sep 25, 2012 1:01am
i'm so greedy
wanted to close at R1 +32, but closed at BE
Attached Image (click to enlarge)
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  • #4,452
  • Sep 25, 2012 1:20am Sep 25, 2012 1:20am
makron,

I'm opposite, usually close too early !!

But at least I take the money to the bank !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,453
  • Sep 25, 2012 1:25am Sep 25, 2012 1:25am
Quoting Martyfish
makron,

I'm opposite, usually close too early !!

But at least I take the money to the bank !!
Hehe, i allways close 10-15 pips, and allways surprise how can RJ and other skilled traders can hold 30+ pips...
  • #4,454
  • Sep 25, 2012 1:28am Sep 25, 2012 1:28am
Let's get back to trading (& definitely no need for fighting in this thread).

Another low-range day, and ignoring the pre-FF open actions and GU which is hard to trade ... there hasn't been much on offer so far.
  • #4,455
  • Sep 25, 2012 1:33am Sep 25, 2012 1:33am
Quoting makron
Hehe, i allways close 10-15 pips, and allways surprise how can RJ and other skilled traders can hold 30+ pips...
That will come in time once you've had plenty of 10-15 pips trades and you are not 'desperate' (wrong word & I can't think of any other right now but you get my drift I hope) for your next trade, you'll allow them to 'breathe' a bit more & just stick your SL @B/E and let it develop.
But there will always be plenty of trades that won't show you more than 10-15 pips and no matter how experienced you are, you won't get more than 10-15 pips lol
  • #4,456
  • Sep 25, 2012 1:42am Sep 25, 2012 1:42am
Quoting RainyDay1
Let's get back to trading (& definitely no need for fighting in this thread).
Yeahh..guysss...
Lets get back to work...

Quoting makron
i'm so greedy
wanted to close at R1 +32, but closed at BE
Me too..i should've closed+10 on GU,greedy me...

Quoting yelena
indeed. keep it simple.
Which one for you is more important...Genesis line up together,pointing certain direction or an Arrow?

Thankss
i worshipped... Momentum
  • #4,457
  • Sep 25, 2012 1:52am Sep 25, 2012 1:52am
rockrob,

You cant just look at 1 indi, you need to take it all in:

- HTF trend
- CTF trend

- HTF stoch
- CTF stoch

- ADR
- S&R
- Trading times
- News

Did I miss anything ????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,458
  • Sep 25, 2012 1:58am Sep 25, 2012 1:58am
Merkel speech started a little while ago.

Loads of Euro speeches today - BEWARE !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,459
  • Sep 25, 2012 2:06am Sep 25, 2012 2:06am
Quoting makron
Hehe, i allways close 10-15 pips, and allways surprise how can RJ and other skilled traders can hold 30+ pips...
One option is to split your trades ... Close half your trade at 10 - 15, set BE on the other half, and then let the other half continue ... Has pros and cons ...

Pro - there'll be times the remaining half trade gallops away and you make more pips than if you'd fully exited at 10 - 15

Con - there'll be the other times the remaining half hits your b/e and you make less pips than if you'd fully exited at 10 - 15

Only time and experience will tell you whether full exits or 50/50 will make you more pips in the long run - just need to figure out which one would work best for you.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #4,460
  • Sep 25, 2012 2:10am Sep 25, 2012 2:10am
Quoting antantnz
One option is to split your trades ... Close half your trade at 10 - 15, set BE on the other half, and then let the other half continue ... Has pros and cons ...

Pro - there'll be times the remaining half trade gallops away and you make more pips than if you'd fully exited at 10 - 15

Con - there'll be the other times the remaining half hits your b/e and you make less pips than if you'd fully exited at 10 - 15

Only time and experience will tell you whether full exits or 50/50 will make you more pips in the long run - just need to figure...
The problem is that i trade 0.01 lot so, i cant close half position
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