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Genesis Matrix Trading

  • #4,541
  • Sep 25, 2012 8:53am Sep 25, 2012 8:53am
Is it good position for short (red vertical line)? all seems to be good +double top
I didnt take coz big SL
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  • #4,542
  • Sep 25, 2012 9:07am Sep 25, 2012 9:07am
Welcome back RJ (& the team), it is great to have you back! I am following this thread since the end of july. During the last days I re-read the whole thread and cleaned my charts. Looking forward to learn from your experience!
  • #4,543
  • Sep 25, 2012 9:10am Sep 25, 2012 9:10am
Quoting makron
Is it good position for short (red vertical line)? all seems to be good +double top
I didnt take coz big SL
Genesis and Stoch were fine, but:
1) it's been an uptrend across the board so taking a GU short may have been lower probability
2) GU has been one of the strongest pairs recently (look how little it has corrected since the recent top vs the other major pairs)
3) chart patterns like double tops or candlesticks etc are less reliable at the smaller TFs. Probably better to stick to 1H or higher for patterns.

Can't say it would've been a bad trade. The high SL is probably the best reason not to + Draghi yapping.
  • #4,544
  • Sep 25, 2012 9:11am Sep 25, 2012 9:11am
The white lines are my entries. I normally exit in cross Stoch M15.
Any opinions?
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  • #4,545
  • Sep 25, 2012 9:13am Sep 25, 2012 9:13am
Here is my EU trade from earlier today.
Initial SL was below Low made after Frankfurt open, target just below Daily Pivot.
If left alone, it would have been a sucessful trade, but a premature move of SL resulted in a losing trade.
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  • #4,546
  • Sep 25, 2012 9:14am Sep 25, 2012 9:14am
Closed EJ long +24 pips

Stoch div + H1,M15,M5 G tape
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,547
  • Sep 25, 2012 9:19am Sep 25, 2012 9:19am
Quoting yelena
i like 1-2 sets of trade/day. lesser effort, optimum gain.

@ olivia: me? always right? maybe in the choice of sundae~flawless! hehehehe
I seem to enjoy doing it hard way, lots of trades and stress

Closed GU long +8 pips

Thats +73 pips for the day

I need a break
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,548
  • Sep 25, 2012 9:39am Sep 25, 2012 9:39am
welcome back rj and olivia !!


Here's a EJ chart

besides the rule of "never trade against yelena", can anyone pls comment why the EJ short trade is a failing one? : )

both 5+15 stox trends down and comes from OB zone

5m signal agreed

thanks
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  • #4,549
  • Sep 25, 2012 9:51am Sep 25, 2012 9:51am
Quoting frontline141
welcome back rj and olivia !!


Here's a EJ chart

besides the rule of "never trade against yelena", can anyone pls comment why the EJ short trade is a failing one? : )

both 5+15 stox trends down and comes from OB zone

5m signal agreed

thanks
Only it was making higher lows and higher highs by that time. Also a glance at H1 at the time would have shown you it was still looking bullish so all in all a bit risky.
  • #4,550
  • Sep 25, 2012 10:06am Sep 25, 2012 10:06am
Quoting ohammond
Only it was making higher lows and higher highs by that time. Also a glance at H1 at the time would have shown you it was still looking bullish so all in all a bit risky.

I am late due to the picture ;-)
Attached Image (click to enlarge)
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You control how you trade; the market controls how and when you'll get paid
  • #4,551
  • Sep 25, 2012 10:06am Sep 25, 2012 10:06am
also, keep in mind that the holy grail is trade management (keeping losers small and riding winners). The focus should not be on trying to totally eliminate losing trades because it is impossible to avoid them. Sometimes there will not be an answer as to why a perfectly good setup failed because there is no such thing as 100% winners. You can only learn how to select good trades that have a "pretty good" chance of working out...but the money will be made over time in how you manage each and every trade.
  • #4,552
  • Sep 25, 2012 10:12am Sep 25, 2012 10:12am
Quoting wiz3003
I am late due to the picture ;-)
Or more simply because he had to go so .........
There are no trade 100% sure.
Returning to figure how many times have we seen a rejection of a Pivot and then invert the signal Genesis!
Many times. In this case the market is still bull by which to resumed its trend.
I have not taken a position because I was not in front of the monitor, but on other occasions I entered myself for the reasons stated.
  • #4,553
  • Sep 25, 2012 10:16am Sep 25, 2012 10:16am
woooahh..what a ride catching up reading through the thread..been sort of super busy offline; offices, hospitals and stuff...just thought I should say I love you guys!

Ps. RJ, will be sending you a PM in a couple of days; hopefully as soon as things here settle down, had been working on some genesis tests (though in the commodities arena) since the last chat...need to share those ideas..see what you think.

Pps. Genesis (team and technique) rocks!! (esp. you girls!! )
  • #4,554
  • Sep 25, 2012 10:33am Sep 25, 2012 10:33am
Quoting Mas_fx
The white lines are my entries. I normally exit in cross Stoch M15.
Any opinions?
try using S/R lines like pivots and round numbers as your core exit strategy. And use other methods as emergency exits or when prices don't look like they can reach the S/R.
  • #4,555
  • Sep 25, 2012 10:36am Sep 25, 2012 10:36am
Quoting Matrix8756
Or more simply because he had to go so .........
There are no trade 100% sure.
Returning to figure how many times have we seen a rejection of a Pivot and then invert the signal Genesis!
Many times. In this case the market is still bull by which to resumed its trend.
I have not taken a position because I was not in front of the monitor, but on other occasions I entered myself for the reasons stated.

Matrix,

what you say is right, this is a probability game ..... but aside from trend if you look at the PA the reverse is weak (HA candle didn't convince me to take the trade particularly from 3rd to 6th after signal).
You had to be fast with the mouse to get out from a trade like this in the case you are in.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #4,556
  • Sep 25, 2012 10:53am Sep 25, 2012 10:53am
Quoting wiz3003
Matrix,

what you say is right, this is a probability game ..... but aside from trend if you look at the PA the reverse is weak (HA candle didn't convince me to take the trade particularly from 3rd to 6th after signal).
You had to be fast with the mouse to get out from a trade like this in the case you are in.

ciao

wiz
Probably if I had gone I would have kept a very tight SL and have just seen that was not in the right direction I would be left with a few pips of Loss. In any case, I would have tried because there were all the conditions for entry.
Then the market is not always what we want.
Hello
  • #4,557
  • Sep 25, 2012 11:05am Sep 25, 2012 11:05am
Closed GU short +22 Pips

This was a "Yelana" trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,558
  • Sep 25, 2012 11:09am Sep 25, 2012 11:09am
Quoting Martyfish
Closed GU short +22 Pips

This was a "Yelana" trade !!
What is a "Yelana trade" ? It was also a "Marty trade" I believe... according to your rules
  • #4,559
  • Sep 25, 2012 12:24pm Sep 25, 2012 12:24pm
Quote
Olivia is going to be my 2ic in the thread from here on, and anything she says, is fine with me. If she asks you to remove something, or anything at all, and you do not do as she asks, I will remove you, with no hesitation.

Now…..lets get on with business and with helping each other take the banks money

RJ

The boss and 2ic(ohammond) are back! God bless you guys and the thread.
  • #4,560
  • Sep 25, 2012 1:14pm Sep 25, 2012 1:14pm
Great news, so glad that both of you came back.

Been trading Genesis for a few months live,wouldn't dare trade without it.

S/R, 2 stox at same time (in my case 5m and 15m) retracements, everything I learned here quietly from the team running Genesis.

Yes, to be truthful I test all the indicators that come up in the thread,(demo) but invariably I come back to the Genesis system with the improvements tnat the team made.

Minako and Yelena are incredible,in a few words simply put

[size="5"]WELCOME BACK AND SO GLAD YOU ARE BACK:
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