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Genesis Matrix Trading

  • #4,661
  • Sep 26, 2012 6:46am Sep 26, 2012 6:46am
Quoting ohammond
OMG RJ!!
Yup.....I know
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,662
  • Sep 26, 2012 6:50am Sep 26, 2012 6:50am
Quoting Martyfish
Unlucky, mate, BOJ news which rocked all yen crosses
Hi all,

Had no luck today. Was short EURJPY ard the 80 lvls (after we had a 15M Sell Arrow) and got stopped on that spike. It was not easy to trade this market...at least for me. In the last few days we often had larger directional moves during the US or Asia Session. The european sessions on the other hand were characterized by non-directional moves/choppy price action. I currently only trade EURUSD, EURJPY and AUDUSD. Hope that I will have better luck tomorrow
  • #4,663
  • Sep 26, 2012 6:58am Sep 26, 2012 6:58am
Quoting realjumper
Here is a true story for you. A while ago a trader placed a fairly sizeable long trade on the UJ pair and didn't set the SL because the phone rang. The phone call was about a huge earthquake that had happened in Japan and because that trader has friends in Japan, he listened to all the details. Then he turned on the TV to see it all live and watch tsunami etc, and then tried phoning friends in Japan. Suddenly he remembered his trade and rushed back to the desk expecting to see a decent profit as the Yen weakened due to the earthquake/tsunami etc......but...
Flash crash 3k profit in 20 min. entered a short eur/usd postion and then went to Walmart
Complained to the wife about the high price of a grill she wanted. got back home and saw the grill was paid for.
Look at something long enough, you will eventually get it.
  • #4,664
  • Sep 26, 2012 7:02am Sep 26, 2012 7:02am
Say it to yourself for every trades:
"Stop Loss are In, Emotions are Out"
Copyright: Oscar
Attached Image (click to enlarge)
Click to Enlarge Name: stopless%20trader.png Size: 545 KB
Attached Image
  • #4,665
  • Sep 26, 2012 7:04am Sep 26, 2012 7:04am
Quoting traco1
Flash crash 3k profit in 20 min. entered a short eur/usd postion and then went to Walmart
Complained to the wife about the high price of a grill she wanted. got back home and saw the grill was paid for.
So you made her do all the cooking right?........right?........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,666
  • Sep 26, 2012 7:08am Sep 26, 2012 7:08am
Quoting realjumper
So you made her do all the cooking right?........right?........
Not my wife
Look at something long enough, you will eventually get it.
  • #4,667
  • Sep 26, 2012 7:09am Sep 26, 2012 7:09am
Quoting traco1
Not my wife
I tell you one thing, thats the day she stop complaining about my trading.
Look at something long enough, you will eventually get it.
  • #4,668
  • Sep 26, 2012 7:11am Sep 26, 2012 7:11am
why is it so slow, is there some big news or event coming ?
  • #4,669
  • Sep 26, 2012 7:21am Sep 26, 2012 7:21am
Thanks for sharing your lack of stop loss situations, so we don't go through that. I am sorry to hear that it costed you that much, RJ. Further,may I ask you (RJ) if you entered any positions today and which, since I would also like to trade, according to you, only the high probability trades. Thanks!
  • #4,670
  • Sep 26, 2012 7:25am Sep 26, 2012 7:25am
Quoting olivierforex
In Rob's example, one candle later it looks like the M5 Stox was already near OS levels when in fact it really was still just below 50 when the decision to enter was made (yellow arrow)...

Yeh / Neh ?
Oui,you're right...

Another thing i found is.... (this also based on Yelena's style)

See attached pic 1&2...
- Genesis Signal
- M15 Stox ... RIGHT of M5 Stox (never ever on the LEFT!!!!!)
....Go!! pull the trigger

on attached pic3
maybe these are what RJ call 'High Probability Trade Setup'...it's just so amazing, how close they are to each other

Hope this useful for you guys...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: stox1.gif Size: 21 KB
Click to Enlarge Name: stox2.gif Size: 20 KB
Click to Enlarge Name: stox3.gif Size: 25 KB
i worshipped... Momentum
  • #4,671
  • Sep 26, 2012 7:25am Sep 26, 2012 7:25am
Quoting ttaro27
why is it so slow, is there some big news or event coming ?
Well, 120 pips already on EU from London close to NY open can do that to a session ...
  • #4,672
  • Sep 26, 2012 7:28am Sep 26, 2012 7:28am
Quoting ForexNerds
Thanks for sharing your lack of stop loss situations, so we don't go through that. I am sorry to hear that it costed you that much, RJ. Further,may I ask you (RJ) if you entered any positions today and which, since I would also like to trade, according to you, only the high probability trades. Thanks!
This is the question I'd like to ask RJ everyday I think we can also learn a lot from trades not entered (as well as trades entered)
  • #4,673
  • Sep 26, 2012 7:35am Sep 26, 2012 7:35am
Quoting ForexNerds
Thanks for sharing your lack of stop loss situations, so we don't go through that. I am sorry to hear that it costed you that much, RJ. Further,may I ask you (RJ) if you entered any positions today and which, since I would also like to trade, according to you, only the high probability trades. Thanks!
Yes....it was an expensive lesson to learn, but you tend to not repeat those mistakes!!

I haven't entered any trades today. There just hasn't been anything that I considered was worth the risk. Better to keep my money in my pocket for another day tomorrow.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,674
  • Sep 26, 2012 7:37am Sep 26, 2012 7:37am
Quoting rockrobb
Oui,you're right...

Another thing i found is.... (this also based on Yelena's style)

See attached pic 1&2...
- Genesis Signal
- M15 Stox ... RIGHT of M5 Stox (never ever on the LEFT!!!!!)
....Go!! pull the trigger

on attached pic3
maybe these are what RJ call 'High Probability Trade Setup'...it's just so amazing, how close they are to each other

Hope this useful for you guys...
It 'also true that in the midst of the second trade of Pic3 there would be another short but went Loss, with the same settings for the other.
  • #4,675
  • Sep 26, 2012 7:37am Sep 26, 2012 7:37am
Quoting RainyDay1
Well, 120 pips already on EU from London close to NY open can do that to a session ...
120 pips ?? Are my charts screwed, the total range if we count asia doesn't reach 100 pips... What do you mean exactly
  • #4,676
  • Edited 7:49am Sep 26, 2012 7:37am | Edited 7:49am
Quoting rockrobb
Oui,you're right...

Another thing i found is.... (this also based on Yelena's style)

See attached pic 1&2...
- Genesis Signal
- M15 Stox ... RIGHT of M5 Stox (never ever on the LEFT!!!!!)
....Go!! pull the trigger

on attached pic3
maybe these are what RJ call 'High Probability Trade Setup'...it's just so amazing, how close they are to each other

Hope this useful for you guys...
I'm expecting Yelena's answer ... "you're complicated, I'm pea brained" as if that has any chance of being true ... haha
Don't want this to come across wrongly. I have great admiration for Yelena as a trader and for teaching us through her trades. Just that she is so much smarter than she tries to portray herself as.
  • #4,677
  • Sep 26, 2012 7:39am Sep 26, 2012 7:39am
Quoting realjumper
Yes....it was an expensive lesson to learn, but you tend to not repeat those mistakes!!

I haven't entered any trades today. There just hasn't been anything that I considered was worth the risk. Better to keep my money in my pocket for another day tomorrow.
That this is something to learn. Great RJ. But I have not been stopped and obviously I have some pips to recover.
There is always more to learn.
Hello RJ
  • #4,678
  • Sep 26, 2012 7:39am Sep 26, 2012 7:39am
Quoting realjumper
Yes....it was an expensive lesson to learn, but you tend to not repeat those mistakes!!

I haven't entered any trades today. There just hasn't been anything that I considered was worth the risk. Better to keep my money in my pocket for another day tomorrow.
I admire your patience! Well done! I entered couple of trades and got out with a small profit, but could end up in negative too. Need to further discipline myself! As I am looking on charts now, there indeed wasn't any high probability entries in today's session. See you all tomorrow!
  • #4,679
  • Sep 26, 2012 7:44am Sep 26, 2012 7:44am
Quoting ttaro27
120 pips ?? Are my charts screwed, the total range if we count asia doesn't reach 100 pips... What do you mean exactly
Let's check if we have the same numbers

London close is 3 hours after NY open. Close around 1.2968
NY open is 5 hours after London open. Open around 1.2847

So around 120 pips
  • #4,680
  • Sep 26, 2012 7:52am Sep 26, 2012 7:52am
Quoting RainyDay1
Let's check if we have the same numbers

London close is 3 hours after NY open. Close around 1.2968
NY open is 5 hours after London open. Open around 1.2847

So around 120 pips
No, London closes in around 1 hour and 8 minutes from now, it has moved around 100 pips since then, but most people count the amount of pips from NY close to NY close for the ATR.
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