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Genesis Matrix Trading

  • #5,041
  • Oct 1, 2012 7:42am Oct 1, 2012 7:42am
Quoting jinchu
Hi,

I remember at the early pages of this thread Olivia have mentioned that we should only took trades that goes according to prevailing trend, and what defines a trend?
a basic definition for an uptrend is when price action will make Higher High and Higher Low
while in a Downtrend, it will make a Lower High and Lower Low

some people would use indis such as Moving average to help them to spot the trend, but for trained eyes they could easily spot them without any indis

The trade was definitely executed when price is in an Uptrend and therefore...
Been out and just got back in catching up with some posts, and thank you....I really didn't want to have to point this out for the third time to macron, each trade posted by him that has failed he was going against the prevailing trend with no divergence and he did it again today, really didn't want to have to repeat myself again
  • #5,042
  • Oct 1, 2012 7:45am Oct 1, 2012 7:45am
Quoting makron
Guys, thanks for answers!
Can we take position like this?
Price reject from R1 and resistance, double retest, good genesis signal
And what do you know, there is divergence too
  • #5,043
  • Oct 1, 2012 7:47am Oct 1, 2012 7:47am
Hi, i have open 3 orders :
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  • #5,044
  • Oct 1, 2012 8:13am Oct 1, 2012 8:13am
Took 32 pips on 2 EJ trades.
Bullish flag is good continuation pattert. I think price go further up
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  • #5,045
  • Oct 1, 2012 8:18am Oct 1, 2012 8:18am
Take profit at RN
Totally +36p
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Everything is possible!!! Step by Step...
  • #5,046
  • Oct 1, 2012 8:35am Oct 1, 2012 8:35am
Quoting DmitryFX
Take profit at RN
Totally +36p
Attachment

Stochs were perfect but weren't you scared of the 1.2900? Thats the reason why i didnt take the trade..
  • #5,047
  • Oct 1, 2012 8:40am Oct 1, 2012 8:40am
Quoting baccarat
Stochs were perfect but weren't you scared of the 1.2900? Thats the reason why i didnt take the trade..
Why scared? It's good targets to take your profit - Pivot & S/R (daily & weekly), RN's (xx00, xx50, xx25), Daily open etc...
Everything is possible!!! Step by Step...
  • #5,048
  • Oct 1, 2012 8:44am Oct 1, 2012 8:44am
Quoting DmitryFX
Why scared? It's good targets to take your profit - Pivot & S/R (daily & weekly), RN's (xx00, xx50, xx25), Daily open etc...
You opened the trade just a few pips below the 1.2900, thats why?
  • #5,049
  • Oct 1, 2012 8:56am Oct 1, 2012 8:56am
Quoting baccarat
You opened the trade just a few pips below the 1.2900, thats why?
Oh, i see.
Look at the rules:
Quoting realjumper
...I will enter a Sell trade if all the following conditions have been met:

  1. The Matrix is all the same colour after the current candle is closed, ie, Matrix cannot repaint
  2. Stochastic if falling from a recent overbought state
  3. A Bear candle has opened under the Yellow 5 EMA
  4. The Arrow…..now I don’t always wait for the arrow because in a sudden PA reversal it may be late…but….if an arrow doesn’t arrive within the next couple of candles, I become concerned!!

As you can see all rules was executed.
And it was very nice 1-2-3 pattern.
And it was retracement from Daily Pivot.
So, my mental part was agree that there is high possibility to take good pips from this trade.
Everything is possible!!! Step by Step...
  • #5,050
  • Oct 1, 2012 9:08am Oct 1, 2012 9:08am
AU finally reached my target, +18pips


the market is abit tricky for the US PMI today, I only can got half of my 100 pips daily goal

I'm done today, green pips to all !!
  • #5,051
  • Oct 1, 2012 9:10am Oct 1, 2012 9:10am
Quoting DmitryFX
Why scared? It's good targets to take your profit - Pivot & S/R (daily & weekly), RN's (xx00, xx50, xx25), Daily open etc...
He's just pointing out that round numbers very ofter ac as s/r too, so it pays to be a little careful when trading around them. Doesn't always work out, like it didn't this time, but often it does so it's good to be a little cautious imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,052
  • Oct 1, 2012 9:13am Oct 1, 2012 9:13am
Quoting realjumper
He's just pointing out that round numbers very ofter ac as s/r too, so it pays to be a little careful when trading around them. Doesn't always work out, like it didn't this time, but often it does so it's good to be a little cautious imo
I see, but I am already explain why I did my trade this time.
Everything is possible!!! Step by Step...
  • #5,053
  • Oct 1, 2012 9:19am Oct 1, 2012 9:19am
Quoting DmitryFX
I see, but I am already explain why I did my trade this time.
Sigh......I know......I'm just letting you know what he meant when he referred to 1.2900
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,054
  • Oct 1, 2012 9:23am Oct 1, 2012 9:23am
Quoting realjumper
Sigh......I know......I'm just letting you know what he meant when he referred to 1.2900
Everything is possible!!! Step by Step...
  • #5,055
  • Oct 1, 2012 9:32am Oct 1, 2012 9:32am
Quoting realjumper
Sigh......I know......I'm just letting you know what he meant when he referred to 1.2900

Hi RJ
I understand your sigh. Difference of some nuance of our language?
Good night.
  • #5,056
  • Oct 1, 2012 9:37am Oct 1, 2012 9:37am
Quoting ttaro27
This one didn't make me smile, because it is more scientific and they quantify their results, it is not just an opinion. And I recognize some caracter from pro traders that I met, including me.

Your link make me laugh because it is an opinion, just like the thread where we can read that in order to be succesfull you HAVE TO trade with naked chart, no way you will make money with indicators, or to have succes you MUST use this system, this is the holy grail, nothing else work... You know what I mean, in trading discussion there is plenty of those...
Actually, I like the "7 Things Each Trader ... " link RJ posted. Yes, it is opinion, and it is NOT the only thing that matters in trading, but it is hard to find arguments against it being sound concepts to follow. Eg you may not lose 10 in a row, but you better be prepared for it, less hubris leads you to an overly large risk per trade (tail events do happen more frequently than statistics suggest - eg why Black Scholes don't work or read The Black Swan by Nick Taleb).

The scientific research "Traders aren't wired like us", on the other hand (taken at face value based on the story, and not the complete research which wasn't made available), is most likely flawed as it uses a sample size of only 28, doesn't discuss over how many years the research was undertaken (people behave differently in bull vs bear markets, financial traders probably behaved differently pre vs post QE, and probably differently since the Greenspan put vs the Volcker era), which nationality the traders were (cultural differences), or even what age/sex they were.

Or what type of traders they are (day, swing, position etc), and how they trade. Or whether they are trading with own money or client/firm money, and how they are incentivised (a good year by taking a lot of risk = $$$ for retirement vs a bad year = zero bonus or looking for another job). And all these influence how a trader is 'wired'. And you can't get a good enough representation with a 28 sample size.

I'd much rather take the sound advice and opinion of an experienced and successful trader (or a fundamentalist like Buffett), than a piece of research that might be seriously flawed (eg efficient market hypothesis).
  • #5,057
  • Edited 10:53am Oct 1, 2012 9:55am | Edited 10:53am
Nice divergence M5 on the AU & EU, but not taking the EU genesis short given a couple of resistances nearby - round number + DP, and the AU genesis signal came too late (SL a bit larger than I'd like, especially against trend).

DmitryFX - hope you can understand from this example what baccarat and RJ was trying to explain to you. Yes, the Genesis, stochastics, bear candle below 5EMA line etc may be present, but it may still not be a high probability trade if you consider other factors such as S/R nearby and (& in AU's case, borderline SL levels especially considering it is against trend).

When all things aligned -> high probability trade.
When 6 or 7 out of 8 -> possibly still make money, but probability lower.

I'm not saying you took the trade or would've taken the trade. Just an example sharing. Peace

Edit: Actually EU had even larger SL than AU. The 1.29 level + DP being so close together as support in an uptrend was enough for me not to enter.
  • #5,058
  • Oct 1, 2012 10:03am Oct 1, 2012 10:03am
Quoting RainyDay1
Nice divergence 5M on the AU & EU, but not taking the EU genesis short given a couple of resistances nearby - round number + DP, and the AU genesis signal came too late (SL a bit larger than I'd like, especially against trend).

DmitryFX - hope you can understand from this example what baccarat and RJ was trying to explain to you. Yes, the Genesis, stochastics, bear candle below 5EMA line etc may be present, but it may still not be a high probability trade if you consider other factors such as S/R nearby and (& in AU's case, borderline...
Which example?
Everything is possible!!! Step by Step...
  • #5,059
  • Oct 1, 2012 10:11am Oct 1, 2012 10:11am
Quoting DmitryFX
Take profit at RN
Totally +36p
Attachment
Nice enter

Я почти так же заходил. Сегодня евро радует.
  • #5,060
  • Oct 1, 2012 10:12am Oct 1, 2012 10:12am
Quoting DmitryFX
Which example?
About 40-50 min ago EU/AU gave a short entry signal on genesis, plus the conditions you described above + negative divergence.
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