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Genesis Matrix Trading

  • #5,121
  • Oct 2, 2012 7:57am Oct 2, 2012 7:57am
Quoting makron
You sell at support line + EJ in uptrend
Baccarat (crystal?):
Very true Makron (old resistance area now potential support at 100.80/85) but 2 other quick points:
1) Genesis rule is to have SL above recent high (101.06) so you should/could still be 'alive' with that in mind...
2) Also around there is R1 at 101.09 and really the SL should be at least a few pips above that (to account for any overspill) and that brings me to the R/R/R (Risk/Reward/Ratio) that would have kept me out of that trade: original entry at 100.82 & SL at least at 101.14: that's 32+ pips, maybe a bit too much?
If it works out though, a convergence of TPs is nicely situated a good distance away from your entry:
100.46 WP
100.43 DP
100.36 80%ATR
  • #5,122
  • Oct 2, 2012 7:58am Oct 2, 2012 7:58am
Quoting Patti
I took the very same trade - below R1 - lower high and good stox - already stopped out as I moved my stop down after matrix turned all blue -
If M5 & M15 stoch are both OB/OS close to a pivot point, highly unlike to break it.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,123
  • Oct 2, 2012 7:59am Oct 2, 2012 7:59am
Quoting olivierforex
Baccarat (crystal?):
Very true Makron (old resistance area now potential support at 100.80/85) but 2 other quick points:
1) Genesis rule is to have SL above recent high (101.06) so you should/could still be 'alive' with that in mind...
2) Also around there is R1 at 101.09 and really the SL should be at least a few pips above that (to account for any overspill) and that brings me to the R/R/R (Risk/Reward/Ratio) that would have kept me out of that trade: original entry at 100.82 & SL at least at 101.14: that's 32+ pips, maybe a bit too much?
If...
Yes i am still alive. Good point with the RR, i only saw that DP was like 50 pips away and said to myself whatever the stoploss will be it cant be more than 50 haha..still 30 is quite a lot. got it 5 pips above R1.

Maybe should just have waited for the retest as just now there was a better entry opportunity.
  • #5,124
  • Oct 2, 2012 8:04am Oct 2, 2012 8:04am
Oh and olivier, no, not crystal...a cardgame of chances or as others would put it, gambllleee
  • #5,125
  • Oct 2, 2012 8:25am Oct 2, 2012 8:25am
Quoting baccarat
Oh and olivier, no, not crystal...a cardgame of chances or as others would put it, gambllleee
Similarities between card games and trading: nobody knows what is going to happen next (which way the market will go or which card will turn up next) but by using high probability setups with Genesis we at least are able to have an edge in the same way that some have by counting cards...
  • #5,126
  • Oct 2, 2012 8:38am Oct 2, 2012 8:38am
hehe exactly . just that i can punch the villains in a cardgame into their faces...but where's the market if i need him...
  • #5,127
  • Oct 2, 2012 8:38am Oct 2, 2012 8:38am
Quoting Martyfish
Why have you got M15 and M30 stochs- thats too close together. Basically tells the same story

Standard TFs are M5 & M15; M15 & H1

Plus you have M15 stoch and M15 stoch tape ????

Plus you you 2 versions of the same Genesis tape ?????
Yes,, those similar indy showed me stronger signal of M15
  • #5,128
  • Oct 2, 2012 8:41am Oct 2, 2012 8:41am
Quoting Zimarz
Yes,, those similar indy showed me stronger signal of M15
What he means is the M15 genesis and the M15 tape are exactly the same thing. the M15 stoch and stoch tape are exactly the same thing there is no point to having 2 of each on the chart.
  • #5,129
  • Oct 2, 2012 8:43am Oct 2, 2012 8:43am
Quoting baccarat
hehe exactly . just that i can punch the villains in a cardgame into their faces...but where's the market if i need him...
Mister market is the one who does the slapping down in this business....and we just have to keep on getting up again!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,130
  • Oct 2, 2012 8:47am Oct 2, 2012 8:47am
Quoting ohammond
What he means is the M15 genesis and the M15 tape are exactly the same thing. the M15 stoch and stoch tape are exactly the same thing there is no point to having 2 of each on the chart.
U mean it would be better if I change 1 each of them to the higher time frame, i.e. H1 genesis tape and H1 stoch tape on my m15 chart?
  • #5,131
  • Oct 2, 2012 8:48am Oct 2, 2012 8:48am
Quoting realjumper
Mister market is the one who does the slapping down in this business....and we just have to keep on getting up again!!

Quote of the week !! In bucketloads !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,132
  • Oct 2, 2012 8:50am Oct 2, 2012 8:50am
Quoting ohammond
What he means is the M15 genesis and the M15 tape are exactly the same thing. the M15 stoch and stoch tape are exactly the same thing there is no point to having 2 of each on the chart.
Thx Olivia, for translating for me again
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,133
  • Oct 2, 2012 8:51am Oct 2, 2012 8:51am
Quoting Zimarz
U mean it would be better if I change 1 each of them to the higher time frame, i.e. H1 genesis tape and H1 stoch tape on my m15 chart?
Well you only need 1 lot of H1 stoch, indi, in preference to tape.

So no stoch tape

Remember the Genesis moto: Less is more
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,134
  • Oct 2, 2012 8:56am Oct 2, 2012 8:56am
Quoting realjumper
Mister market is the one who does the slapping down in this business....and we just have to keep on getting up again!!
!!! its not about how hard you hit..its about how hard you can get hit and keep moving forward!!!!!!
  • #5,135
  • Oct 2, 2012 9:33am Oct 2, 2012 9:33am
Quoting Martyfish
Well you only need 1 lot of H1 stoch, indi, in preference to tape.

So no stoch tape

Remember the Genesis moto: Less is more
Now I understand,, thank you
  • #5,136
  • Oct 3, 2012 1:41am Oct 3, 2012 1:41am
Closed GU short +13 pips (yes I opened just before frankie open)

Stoch: H1,M15,M5
Tape: H4,H1,M5

Strong divergence: H1,M15 & M5

Closed on S1
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,137
  • Oct 3, 2012 2:07am Oct 3, 2012 2:07am
I try 4 sell :
Attached Image (click to enlarge)
Click to Enlarge Name: 03_10_2012(1).JPG Size: 205 KB
  • #5,138
  • Oct 3, 2012 2:10am Oct 3, 2012 2:10am
Quoting Martyfish
Closed GU short +13 pips (yes I opened just before frankie open)

Stoch: H1,M15,M5
Tape: H4,H1,M5

Strong divergence: H1,M15 & M5

Closed on S1
Hi Marty,

Just want to confirm, the Stoch divergence is Hidden Div right?
Failure leads to Success if one learns from mistakes and never give up
  • #5,139
  • Oct 3, 2012 2:19am Oct 3, 2012 2:19am
Quoting Martyfish
Closed GU short +13 pips (yes I opened just before frankie open)

Stoch: H1,M15,M5
Tape: H4,H1,M5

Strong divergence: H1,M15 & M5

Closed on S1
I opened an EU sell last night lol and still in it. I have moved to the M15 as I'm trying to practise holding on for longer and still holding it Entered at 1.29365 after London close, but noticed M30 bearish divergence.
  • #5,140
  • Oct 3, 2012 2:43am Oct 3, 2012 2:43am
Quoting imperatorfr
I try 4 sell :
bad trip, all SL hit.
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