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Genesis Matrix Trading

  • #4,601
  • Sep 26, 2012 3:22am Sep 26, 2012 3:22am
Quoting kristjantelve
Out -18
Idem
  • #4,602
  • Sep 26, 2012 3:28am Sep 26, 2012 3:28am
Quoting makron
Long EU GU EJ
SL's hitted
  • #4,603
  • Sep 26, 2012 3:32am Sep 26, 2012 3:32am
got a slowly lucky trade

short AJ

+20 pips
  • #4,604
  • Sep 26, 2012 3:44am Sep 26, 2012 3:44am
OK now it is time to make some progress on my learning curve.
So if some of the senior members can give me some advice.
By looking my entry what would have been the conditions to make this trade as a higher probability trade?
One thing have been mentioned here already higher highs and higher lows, that was missing.
At the same time all other conditions were there we had second bounce off from S1, Stoch on all TF was positive. So what was missing?
Can someone also advise what your exit strategy is when the trade is not going your way and you are in a loss?

K.
Attached Image (click to enlarge)
Click to Enlarge Name: genesis long 26.09.jpg Size: 127 KB
  • #4,605
  • Sep 26, 2012 3:47am Sep 26, 2012 3:47am
Hi guys..
I m new here n hv been following this thread for a couple of week,
congratulations to all of u guys for this high winning percentage threads..
Wishing green pips to all.....
to rj n team..u all r great





sorry about my english (Not my mothers languagge)
regards

zimarz
  • #4,606
  • Sep 26, 2012 3:53am Sep 26, 2012 3:53am
Quoting kristjantelve
OK now it is time to make some progress on my learning curve.
So if some of the senior members can give me some advice.
By looking my entry what would have been the conditions to make this trade as a higher probability trade?
One thing have been mentioned here already higher highs and higher lows, that was missing.
At the same time all other conditions were there we had second bounce off from S1, Stoch on all TF was positive. So what was missing?
Can someone also advise what your exit strategy is when the trade is not going your way and you...
kristjantelve: One missing piece is enough to turn a high probability trade into a so-so probability trade (as I've painfully learned and am continuing to learn) ...

RJ: It's not the quantity of posts that count, it's the quality. Let's help each other take money from the banks ...
  • #4,607
  • Sep 26, 2012 4:04am Sep 26, 2012 4:04am
Quoting kristjantelve
OK now it is time to make some progress on my learning curve.
So if some of the senior members can give me some advice.
By looking my entry what would have been the conditions to make this trade as a higher probability trade?
One thing have been mentioned here already higher highs and higher lows, that was missing.
At the same time all other conditions were there we had second bounce off from S1, Stoch on all TF was positive. So what was missing?
Can someone also advise what your exit strategy is when the trade is not going your way and you are...
I can't see you entry on your chart....so it's hard to comment on it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,608
  • Sep 26, 2012 4:06am Sep 26, 2012 4:06am
PA moving around DS1 level and hv touched level 1 ATR..psychological level of 1.2850 also..
will wait for long signal
  • #4,609
  • Sep 26, 2012 4:13am Sep 26, 2012 4:13am
Quoting realjumper
I can't see you entry on your chart....so it's hard to comment on it
Entry is marked now with green vertical line.

K.
Attached Image (click to enlarge)
Click to Enlarge Name: genesis long 26.09.jpg Size: 130 KB
  • #4,610
  • Sep 26, 2012 4:19am Sep 26, 2012 4:19am
Higher probability trade are buy/sell with the H1/H4 bias..
Buy/sell above/below recent H1 high/lows with the M5/M15 Matrix offers higher probability counter bias trades..

Quoting kristjantelve
OK now it is time to make some progress on my learning curve.
So if some of the senior members can give me some advice.
By looking my entry what would have been the conditions to make this trade as a higher probability trade?
One thing have been mentioned here already higher highs and higher lows, that was missing.
At the same time all other conditions were there we had second bounce off from S1, Stoch on all TF was positive. So what was missing?
Can someone also advise what your exit strategy is when the trade is not going your way and you are...
  • #4,611
  • Sep 26, 2012 4:21am Sep 26, 2012 4:21am
Quoting kristjantelve
Entry is marked now with green vertical line.

K.
Hi Kristjan,
Not much wrong with your Long entry: yes we had been going down earlier but by the time the signal came we had been ranging for 2 hours, as you say nice retest of S1, all the higher TFs Stox (M15 ----> H4) were nicely positioned at the bottom of their range, you got the Arrow too ... yet you 'disobeyed (lol)' one of Genesis basic rule/basic PA:
"Set your SL at least a few pips below the recent low (6160)..."
Your SL would have survived intact as even on the 3rd dip we still didn't get below the original low
  • #4,612
  • Sep 26, 2012 4:24am Sep 26, 2012 4:24am
awaiting matrix line up to enter long
stochastic divergence



M15
Attached Image (click to enlarge)
Click to Enlarge Name: eu ..awaiting matrix line up m15.gif Size: 17 KB
  • #4,613
  • Sep 26, 2012 4:24am Sep 26, 2012 4:24am
Quoting kristjantelve
Entry is marked now with green vertical line.

K.
Thanks. What immediately catches my eye is the m5 stochastic. When you entered that trade the stoch was almost at 80 level, yet only 5 candles back, it was at the 20 level. That in itslef is not such a big deal, but what I don't like is that those 5 candles are very small candles, and yet look how far the stoch traveled. Also, the M15 stoch was very flat......not showing too much interest in going up. And finally, a long trade was against the trend.

Such a trade could work, and you can see that right now the PA has gone up 30 pips.....but that doesn't change the fact that the set up was not a high probability trade, and that's what kept me from entering. It was more of a gamble than anything else, and I'm not here to gamble!!

Am I sad because I didn't get those 30 pips? Not at all......I'm happy because the decision to wait for a high probability set up was the right thing to do
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,614
  • Sep 26, 2012 4:25am Sep 26, 2012 4:25am
Quoting olivierforex
Hi Kristjan,
Not much wrong with your Long entry: yes we had been going down earlier but by the time the signal came we had been ranging for 2 hours, as you say nice retest of S1, all the higher TFs Stox (M15 ----> H4) were nicely positioned at the bottom of their range, you got the Arrow too ... yet you 'disobeyed (lol)' one of Genesis basic rule/basic PA:
"Set your SL at least a few pips below the recent low (6160)..."
Your SL would have survived intact as even on the 3rd dip we still didn't get a candle closing below S1 nor...
Sorry Oli but SL was supposed to be under 6148 - 4-5 pips because I read 6160?
  • #4,615
  • Sep 26, 2012 4:31am Sep 26, 2012 4:31am
Closed GU long +20 pips

15M & 5M Dash; 5M arrows, H1,M15,M5 stochs
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #4,616
  • Sep 26, 2012 4:36am Sep 26, 2012 4:36am
T

long at 1.2876
SL 1.2843
TP at daily pivot

Comments are wellcome

Attached Image (click to enlarge)
Click to Enlarge Name: eu ..awaiting matrix line up m15.gif Size: 17 KB
  • #4,617
  • Sep 26, 2012 4:39am Sep 26, 2012 4:39am
Quoting realjumper
Thanks. What immediately catches my eye is the m5 stochastic. When you entered that trade the stoch was almost at 80 level, yet only 5 candles back, it was at the 20 level. That in itslef is not such a big deal, but what I don't like is that those 5 candles are very small candles, and yet look how far the stoch traveled. Also, the M15 stoch was very flat......not showing too much interest in going up. And finally, a long trade was against the trend.

Such a trade could work, and you can see that right now the PA has gone up 30 pips.....but that...
Thank you very much.
I will try to keep those advise in my mind.

K.
  • #4,618
  • Sep 26, 2012 4:45am Sep 26, 2012 4:45am
Quoting olivierforex
Hi Kristjan,
Not much wrong with your Long entry: yes we had been going down earlier but by the time the signal came we had been ranging for 2 hours, as you say nice retest of S1, all the higher TFs Stox (M15 ----> H4) were nicely positioned at the bottom of their range, you got the Arrow too ... yet you 'disobeyed (lol)' one of Genesis basic rule/basic PA:
"Set your SL at least a few pips below the recent low (6160)..."
Your SL would have survived intact as even on the 3rd dip we still didn't get below the original low
Thank you
When I put my SL then I took into account the last low but what I did not take into account was the sort of spike that happened before the trading session.
I will keep that suggestion also in mind when entering a trade.

K.
  • #4,619
  • Sep 26, 2012 4:53am Sep 26, 2012 4:53am
Quoting Zimarz
T

long at 1.2876
SL 1.2843
TP at daily pivot

Comments are wellcome
if i were to counter trend trade, i'd prefer entering only when it's high probability.

if you display your M15 stoch it will show you that that long trade wasn't high probability. but it doesn't mean it can't win. being picky does mean missing out some good trades too. it's just that in my head, i'm investing real $ and real emotions. i want my 100 pips and i will place orders only when it's high probability.
  • #4,620
  • Sep 26, 2012 4:54am Sep 26, 2012 4:54am
Quoting Matrix8756
Sorry Oli but SL was supposed to be under 6148 - 4-5 pips because I read 6160?
You're right, I mistyped (I looked at the wrong candle) and SL should've been below 6148 instead but the rest still stands and the setup was even better 1 hour 50 minutes later on the next Long signal (M5 Stox was better placed).
This is a good example of a trade setup that can be viewed in a different light depending on what is more important to each trader (see RJ's comments)...
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