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Genesis Matrix Trading

  • #4,461
  • Sep 25, 2012 2:29am Sep 25, 2012 2:29am
Quoting makron
The problem is that i trade 0.01 lot so, i cant close half position
Increase it to 2 x 0.01, then you can test which approach suits you better. I definitely like to open two positions at least so I can manage my exits. That cures my "what would have happened voodoo" feeling which i didn't outgrow yet
  • #4,462
  • Sep 25, 2012 2:41am Sep 25, 2012 2:41am
EJ scalp (an hour ago) +11 pips

Daft GU scalp (lucky to get away with this one) +2 pips

Lesson - Dont get greedy
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,463
  • Sep 25, 2012 2:50am Sep 25, 2012 2:50am
Quoting Martyfish
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 ????
Cant be more agree with you,Mighty Marty?

I just noticed that sometime price moved,… Genesis all 4 colors lined up…but no arrow,VICE VERSA
Any advice on this situation?
i worshipped... Momentum
  • #4,464
  • Sep 25, 2012 2:51am Sep 25, 2012 2:51am
Quoting Martyfish
EJ scalp (an hour ago) +11 pips

Daft GU scalp (lucky to get away with this one) +2 pips

Lesson - Dont get greedy
Marty, did you sorted GU?
  • #4,465
  • Sep 25, 2012 2:54am Sep 25, 2012 2:54am
I very "lucky" with SL...
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  • #4,466
  • Sep 25, 2012 2:54am Sep 25, 2012 2:54am
Quoting Martyfish
EJ scalp (an hour ago) +11 pips

Daft GU scalp (lucky to get away with this one) +2 pips

Lesson - Dont get greedy
Hello. Sorry can you tell me which of the two positions I have indicated on the graph you get.

Hello and thank you
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  • #4,467
  • Sep 25, 2012 2:58am Sep 25, 2012 2:58am
Quoting rockrobb
Cant be more agree with you,Mighty Marty?

I just noticed that sometime price moved,… Genesis all 4 colors lined up…but no arrow,VICE VERSA
Any advice on this situation?
In RJ's words, if the arrow doesn't show up shortly after the genesis signal, it's often a sign the entry may not be such a good one.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #4,468
  • Sep 25, 2012 2:59am Sep 25, 2012 2:59am
Quoting rockrobb
Cant be more agree with you,Mighty Marty?

I just noticed that sometime price moved,… Genesis all 4 colors lined up…but no arrow,VICE VERSA
Any advice on this situation?
Rockrob,

I would say for starters, just stick to arrows, then when you build up confidence/knowledge/experience, progress from there
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,469
  • Sep 25, 2012 3:00am Sep 25, 2012 3:00am
Quoting makron
Marty, did you sorted GU?
Yes, stupid short
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,470
  • Sep 25, 2012 3:09am Sep 25, 2012 3:09am
Quoting Matrix8756
Hello. Sorry can you tell me which of the two positions I have indicated on the graph you get.

Hello and thank you
Matrix,

My entry was at the open of 9:40 candle, just as it had broken daily open

15M stoch crossed down, H1 stoch already crossed down and below 10, dash was virtually all red.

Identical signals/reasoning as yesterday !! and for that matter all my scalps, must be with (virtually) full dash, and strong H1 & M15 stoch, bouncing off/broken S&R.

My favourite re S&R is broken then failed retest. Like the BNR trade yesterday

And strong signal from CPM

But I will only enter scalps once most of my daily profit is already made, with very tight MM
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,471
  • Sep 25, 2012 3:23am Sep 25, 2012 3:23am
Quoting makron
I very "lucky" with SL...
Glad to hear your SL survived.
That's why you should never have your SL on or just above a minor trendline (blue line) because it is likely to be hit (yellow circle) - 5 pips above/below would be the absolute minimum for me.
Ideally you want your SL to be above the major trendline (green line) - I mean 'major' (only on M5 charts) as it takes the 2 highest highs.
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  • #4,472
  • Edited 4:04am Sep 25, 2012 3:30am | Edited 4:04am
Quoting Matrix8756
Hello. Sorry can you tell me which of the two positions I have indicated on the graph you get.

Hello and thank you
I didn't take either EJ Shorts because:
1) M15 Stox was rising (conflict with M5 Stox)
2) M5 Stox was rising and not in a great position + S1 only 16 pips away

Edit:
.exact same reasons/setup on CJ
.sorry see chart in my follow up post here -----> http://www.forexfactory.com/showthre...50#post6039850
  • #4,473
  • Sep 25, 2012 3:40am Sep 25, 2012 3:40am
Quoting olivierforex
I didn't take either EJ Shorts because:
1) M15 Stox was rising (conflict with M5 Stox)
2) M5 Stox was rising and not in a great position + S1 only 16 pips away

Edit: exact same reasons/setup on CJ
Yes, of course I have not taken any position, but I wanted to understand the reasons for Martyfish of his scalping.
  • #4,474
  • Sep 25, 2012 3:49am Sep 25, 2012 3:49am
GJ +12pips : )
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  • #4,475
  • Sep 25, 2012 3:49am Sep 25, 2012 3:49am
long CJ,EJ,EU. hope they fly to R4 before 10am EST 9/25
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  • #4,476
  • Sep 25, 2012 3:57am Sep 25, 2012 3:57am
Quoting yelena
long CJ,EJ,EU. hope she flies to R4 before 10am EST 9/25

On EJ H1 and M15 stochs seperating massively, think we will get a retracement/reversal.

EJ H1 looks very bearish
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,477
  • Sep 25, 2012 4:02am Sep 25, 2012 4:02am
Quoting olivierforex
I didn't take either EJ Shorts because:
1) M15 Stox was rising (conflict with M5 Stox)
2) M5 Stox was rising and not in a great position + S1 only 16 pips away
If you are using the M15 Stox, you should start 'thinking' about a 'potential' Short once the M15 Stox gets into OB territory (yellow rectangle) and then look for a M5 Genesis short signal (+ good M5 Stox position) later on to corelate your M15 Stox.



Important: I am not predicting anything, I'm just putting myself in 'possible' Short alert mode: as we know, price can carry on moving up and the M15 Stox can stay in OB territory for ages.
But look at the price movement leading to the yellow rectangle: yes it is up but not by very much (less than 20 pips and it found Resistance at the DP 100.84).
Also note that the first short didn't work too well (although you would have still survived with your SL above the highs) but when the 2nd one came we also had a Stox Bearish Divergence (price flat - Stox down) and that gave a great signal (I know, it's outside Genesis trading hours but it's a good example of M5/M15 Stox dance & Divergence)



Compare that to the Orange rectangle when the M15 Stox has gone into OS territory: not the same scenario because the price has followed the Stox down by a lot more (60 pips) so you now have a downtrend and that tells you to be more careful about taking an opposite position. In those situations it's generally a good idea to wait for at least a retest/confirmation of those levels first before attempting a Long.
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  • #4,478
  • Sep 25, 2012 4:04am Sep 25, 2012 4:04am
Quoting makron
Look at my chart! I not take second trade because price was near resistance trend line
Thanks
  • #4,479
  • Sep 25, 2012 4:05am Sep 25, 2012 4:05am
Quoting Martyfish
Thats over 100 pips today for me - well deserved tea break !!
My new favourite trader :-)

Please keep posting the trades. It's great to learn from success.
  • #4,480
  • Sep 25, 2012 4:08am Sep 25, 2012 4:08am
Quoting Chicky
Since you people disappointed RJ, he is resting at the moment.

Let me help you with this thread.

You can trust me, ...........look at my vouches. It includes one from RJ too.

Now to start with, I know what is a Matrix, but you tell me what is Genesis so that I start guiding you through this method.

Chicky
Quoting Chicky
.................. and then the fight started!
Yes, Chicky, you were right, you have to take over this thread!
Gentlemen always play by the rules. If they can't, they change the rules.
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