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Genesis Matrix Trading

  • #5,681
  • Oct 16, 2012 6:24am Oct 16, 2012 6:24am
Holding H1 Matrix long & scaling in on M5 setups.. very bullish intraday PA & STO (Oli ) setups with potential target 1.3050~70 where I'll dip into my HTF toolbox & Genesis HTF Matrix to asset the PA for continuation or reversal..

Quoting cdndollar
Yo Oli! I left Loonieland for many moons now.. Thank you for your great STO insights..
My trades are more S/T swing & M/T position oriented while I do M5 20 pip trades when I am bore & see a good Genesis setup..
H1 & H4 Genesis is a good confirmation tool among the many different tools in my HTF FX toolbox..cheers
  • #5,682
  • Oct 16, 2012 6:32am Oct 16, 2012 6:32am
Quoting cdndollar
Holding H1 Matrix long & scaling in on M5 setups.. very bullish intraday PA & STO (Oli ) setups with potential target 1.3050~70 where I'll dip into my HTF toolbox & Genesis HTF Matrix to asset the PA for continuation or reversal..
You have a PM
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,683
  • Oct 16, 2012 6:38am Oct 16, 2012 6:38am
Quoting frenetic
Took a long trade on EU and opposite short signal on UC. EU bounced at R1,UC bounced at S1
Hi frenetic, could you post that dash indicator that you have on the right side of your screen?
Currently I have all those values on separate indicators and my chart is a mess
  • #5,684
  • Oct 16, 2012 6:53am Oct 16, 2012 6:53am
check yours

Quoting realjumper
You have a PM
  • #5,685
  • Oct 16, 2012 6:59am Oct 16, 2012 6:59am
My long EA trade just hit R2. Pity I jumped ship when price stuttered at yesterday high. Oh well.....Should have stuck to my plan...Lesson learned!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #5,686
  • Oct 16, 2012 7:00am Oct 16, 2012 7:00am
Quoting cdndollar
check yours
Back at cha!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,687
  • Oct 16, 2012 7:02am Oct 16, 2012 7:02am
Quoting scarlet pipe
My long EA trade just hit R2. Pity I jumped ship when price stuttered at yesterday high. Oh well.....Should have stuck to my plan...Lesson learned!
Don't be angry......you didn't lose anything!!

To make you feel better, I missed the entry of EA after Frankie because I wasn't paying attention! My bad......I just got the little run from R1 to R2. Better than nothing though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,688
  • Oct 16, 2012 7:06am Oct 16, 2012 7:06am
Quoting realjumper
Don't be angry......you didn't lose anything!!

To make you feel better, I missed the entry of EA after Frankie because I wasn't paying attention! My bad......I just got the little run from R1 to R2. Better than nothing though
You're right RJ, but can't help being a little frustrated with myself for not letting it run. As I said...lesson learned.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #5,689
  • Oct 16, 2012 7:14am Oct 16, 2012 7:14am
Closed EJ and GU both at R2

Great day for me !!

Sounds as if most of us are doing well today
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,690
  • Oct 16, 2012 7:20am Oct 16, 2012 7:20am
Quoting scarlet pipe
You're right RJ, but can't help being a little frustrated with myself for not letting it run. As I said...lesson learned.
This is why I manually trail my trades......I will do a live one next time I see a good set up early on in the session. Just briefly, taking EA for example...if you took the trade as the PA left the pivot and had your SL below the swing low, then as the Pivot got hit, move the SL to BE. Now the trade is free...the risk is removed....you can't lose from here on! As the PA moves up from the PA and heads to R1, bring up the SL to (say) +10. Now you will get 10 pips no matter what. As the PA moves up towards R2, bring the SL to just under R1 (+15 more or less). When R2 is hit, ATR is 2 pips short of the max.....so now you either take your profit, or you move the SL again and aim for S3. Given that ATR is maxed out.....although it could go higher, I would take my 50 pips and look for another set up.

It's just a matter of not being greedy. If your trade is at (say) +15, and it reverses and hits your SL at BE.....so what? You lost nothing.....don't cry about the 15 you have had because you haven't got it!!!!! But......what a shame to cash it in at +15 and then watch it go to +50, no?

But don't worry.....we have all been there, and we all revisit that dilemma from time to time!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,691
  • Oct 16, 2012 7:36am Oct 16, 2012 7:36am
Quoting realjumper
This is why I manually trail my trades......I will do a live one next time I see a good set up early on in the session. Just briefly, taking EA for example...if you took the trade as the PA left the pivot and had your SL below the swing low, then as the Pivot got hit, move the SL to BE. Now the trade is free...the risk is removed....you can't lose from here on! As the PA moves up from the PA and heads to R1, bring up the SL to (say) +10. Now you will get 10 pips no matter what. As the PA moves up towards R2, bring the SL to just under R1 (+15 more...
Thanks for the heads up RJ. I think I'll make a hard copy of your post and sticky-note it on my monitor for future reference with a footnote to slap my hand if I don't take notice!!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #5,692
  • Oct 16, 2012 10:06am Oct 16, 2012 10:06am
Quoting realjumper
This is why I manually trail my trades......I will do a live one next time I see a good set up early on in the session. Just briefly, taking EA for example...if you took the trade as the PA left the pivot and had your SL below the swing low, then as the Pivot got hit, move the SL to BE. Now the trade is free...the risk is removed....you can't lose from here on! As the PA moves up from the PA and heads to R1, bring up the SL to (say) +10. Now you will get 10 pips no matter what. As the PA moves up towards R2, bring the SL to just under R1 (+15 more...
Just reading through your post..good advice as always but was looking at the chart while reading it (haven't even opened EA today) and noticed that plan wouldn't have worked too well with IBFX not sure what happened to make that spike down but none of my other brokers have it and yes its a live account with IBFX.
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  • #5,693
  • Oct 16, 2012 10:10am Oct 16, 2012 10:10am
Another EJ & GU trade, short this time.

closing GU now at R1, though it will probably go further, I need my cup of tea !!

Classic Genesis trades

Big day today, over 120 pips
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,694
  • Oct 16, 2012 10:45am Oct 16, 2012 10:45am
Quoting ohammond
Just reading through your post..good advice as always but was looking at the chart while reading it (haven't even opened EA today) and noticed that plan wouldn't have worked too well with IBFX not sure what happened to make that spike down but none of my other brokers have it and yes its a live account with IBFX.

Ouch
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #5,695
  • Edited 10:44pm Oct 16, 2012 11:24am | Edited 10:44pm
Hi, I have marked the 3 trades I have taken according to Genesis rules today with red vertical lines. Am I correct that these were the only trades today that met the genesis entry criteria on eur/usd? I often see Genesis Signals take off with many pips but do not trade them due to the stoch not coming off 20/80. Any help would be appreciated.
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  • #5,696
  • Oct 16, 2012 2:12pm Oct 16, 2012 2:12pm
Quoting realjumper
This is why I manually trail my trades......I will do a live one next time I see a good set up early on in the session. Just briefly, taking EA for example...if you took the trade as the PA left the pivot and had your SL below the swing low, then as the Pivot got hit, move the SL to BE. Now the trade is free...the risk is removed....you can't lose from here on! As the PA moves up from the PA and heads to R1, bring up the SL to (say) +10. Now you will get 10 pips no matter what. As the PA moves up towards R2, bring the SL to just under R1 (+15 more...
or just take some off the table.
Look at something long enough, you will eventually get it.
  • #5,697
  • Oct 16, 2012 5:28pm Oct 16, 2012 5:28pm
Quoting ohammond
Just reading through your post..good advice as always but was looking at the chart while reading it (haven't even opened EA today) and noticed that plan wouldn't have worked too well with IBFX not sure what happened to make that spike down but none of my other brokers have it and yes its a live account with IBFX.
Yes it would have....there was no spike down on EA on my broker
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,698
  • Oct 16, 2012 5:30pm Oct 16, 2012 5:30pm
Quoting traco1
or just take some off the table.
That's not the object of the exercise though....the point is to not be in a habit of exiting early......to let the winners run.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,699
  • Oct 16, 2012 10:08pm Oct 16, 2012 10:08pm
Quoting realjumper
Yes it would have....there was no spike down on EA on my broker
Yes I know As I said, there was no spike down on any of the other brokers I have just IBFX which would have been taken out at BE. If I had put a trade in I would have been onto them to sort out the spike
  • #5,700
  • Oct 16, 2012 11:56pm Oct 16, 2012 11:56pm
As you can see I am a new comer and I hope I am going to be accepted as others. Thanks to the initiators of this tread. Pls do this system I mean Genesis Matrix as anything to do with news. I mean do you advice not to trade during news?
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