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Genesis Matrix Trading

  • #6,361
  • Oct 29, 2012 1:46am Oct 29, 2012 1:46am
medici,

"entirely psychological" - ABSOLUTELY !!

And it took me a long time to convince myself, I didnt have the right psychology for M1 trading.

I couldn't differentiate high probability setups.

That is probably the toughest aspect of trading, is finding the right system and timeframes that suit your personality.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,362
  • Oct 29, 2012 2:00am Oct 29, 2012 2:00am
Quoting Martyfish
medici,

"entirely psychological" - ABSOLUTELY !!

And it took me a long time to convince myself, I didnt have the right psychology for M1 trading.

I couldn't differentiate high probability setups.

That is probably the toughest aspect of trading, is finding the right system and timeframes that suit your personality.
Thanks Marty. Sorry for not being clearer, but what I meant was that it's not about having the right psychology for M1, but about having the right psychology for trading. With that, the timeframe doesn't matter.

As for the talk about finding the right system for your personality - I don't believe in it. Rather it's about finding the right personality for the market you want to trade, and the best personality is no personality. Let the market do the talking. Personality is an obstacle, in trading as in life, and trading offers a great opportunity for discovering that.

Apologies, RJ, if this is off-thread. If so, let me know, and I'll shut up.
  • #6,363
  • Oct 29, 2012 2:31am Oct 29, 2012 2:31am
Medici,

I dont disagree with anything you have written, perhaps "personality" was the wrong word to use in previous post.

Perhaps trading style, might have been a more appropriate phrase for me.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,364
  • Oct 29, 2012 2:46am Oct 29, 2012 2:46am
Quoting Martyfish
Medici,

I dont disagree with anything you have written, perhaps "personality" was the wrong word to use in previous post.

Perhaps trading style, might have been a more appropriate phrase for me.
I didn't mean to be critical or polemical. Apologies if you took it that way. The intention was to be helpful and suggest that anything personal is irrelevant when it comes to trading (including trading style). Trading systems (and styles) are much like all the poems ever written about a rose - as long as you've never smelled a rose they stimulate your imagination and desire, but once once you smell the rose you do not need them in the same way.
  • #6,365
  • Oct 29, 2012 2:47am Oct 29, 2012 2:47am
Quoting chanx
In EUR/USD 1hr Matrix Chart TVI stays only in blue colour and doesn't change. how to solve this problem? Attaching an SS.
You need to increase the bar count of the T3 indicator. See here:

http://www.forexfactory.com/showthre...70#post6115670
  • #6,366
  • Oct 29, 2012 2:53am Oct 29, 2012 2:53am
Quoting medici
Thanks Marty. Sorry for not being clearer, but what I meant was that it's not about having the right psychology for M1, but about having the right psychology for trading. With that, the timeframe doesn't matter.

As for the talk about finding the right system for your personality - I don't believe in it. Rather it's about finding the right personality for the market you want to trade, and the best personality is no personality. Let the market do the talking. Personality is an obstacle, in trading as in life, and trading offers a great opportunity...
No it's fine medici.....it's a refreshing way to look at things that I imagine everyone here will be able to absorb and understand.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,367
  • Oct 29, 2012 3:27am Oct 29, 2012 3:27am
In, no way critical - interesting discussion.

If "anything personal", is irrelevannt to trading, how does someone even choose a trading strategy/timeframe, or even trading a source of income ?

Regarding "roses", I would disagree (in a fairly substantial way), my personal preference, is too listen to early morning birdsong, particularly the Songthrush, which inspires me, and every morning I hear it, it fills me with hope and optimism. As for roses, we have about a dozen rose bushes, each, the most fragrant varieties, which on a spring morning, will always put a smile on my face.

To listen to Duke Ellington, is another personal preference.

So I guess, we must agree to disagree, but then that is our own personal preference


Quoting medici
I didn't mean to be critical or polemical. Apologies if you took it that way. The intention was to be helpful and suggest that anything personal is irrelevant when it comes to trading (including trading style). Trading systems (and styles) are much like all the poems ever written about a rose - as long as you've never smelled a rose they stimulate your imagination and desire, but once once you smell the rose you do not need them in the same way.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,368
  • Edited 3:44am Oct 29, 2012 3:33am | Edited 3:44am
Thanks for the system, especially for matrix. It helped to modify our matrix to get a wished results !!!!!!!
  • #6,369
  • Oct 29, 2012 3:48am Oct 29, 2012 3:48am
Did anyone have something from mr market today? The market is quite choppy right now
  • #6,370
  • Oct 29, 2012 4:05am Oct 29, 2012 4:05am
Quoting frenetic
Did anyone have something from mr market today? The market is quite choppy right now
There was a nice little drop just on Frankie open that some would have caught....but I didn't!! It's a strange market today...ATR of not quite 50 on EU so there is plenty of room yet. Perhaps when NY comes online....bearing in mind the storm etc...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,371
  • Oct 29, 2012 4:07am Oct 29, 2012 4:07am
Today It's perfect to learn how patience is important, I haven't had with EJ long -11 pip.

Pips will be back
  • #6,372
  • Oct 29, 2012 4:11am Oct 29, 2012 4:11am
Quoting vamtop
Today It's perfect to learn how patience is important, I haven't had with EJ long -11 pip.

Pips will be back
I saw that EJ long on the M5, but a quick flick to the M15 showed that Genesis wasn't at all interested in it.....even though the stoch looked promising
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,373
  • Oct 29, 2012 4:11am Oct 29, 2012 4:11am
RJ, your right think the NY storms, may have put some on the sidelines today ??

I caught the EJ & GU breakdowns just after the Europe open.

In both cases, very strong H1, M15 tape & H4/H1/M30/M15 arrows
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #6,374
  • Oct 29, 2012 4:14am Oct 29, 2012 4:14am
Quoting realjumper
There was a nice little drop just on Frankie open that some would have caught....but I didn't!! It's a strange market today...ATR of not quite 50 on EU so there is plenty of room yet. Perhaps when NY comes online....bearing in mind the storm etc...
We was suffered a really big storm over here too . Anyway, EU drop on FF open was really nice but don't you think the 5M and 15M stoch at that time was quite a mess,RJ? I don't think I have enough confident to take that trade. What is your opinion on this RJ?
  • #6,375
  • Oct 29, 2012 4:15am Oct 29, 2012 4:15am
Quoting Martyfish
RJ, your right think the NY storms, may have put some on the sidelines today ??

I caught the EJ & GU breakdowns just after the Europe open.

In both cases, very strong H1, M15 tape & H4/H1/M30/M15 arrows
Dunno.....the stock exchange is still working, but it's all electronic rather than floor trading, so it shouldn't make a huge difference. But, this is a massive storm and it has the potential to cause a lot of damage, so I expect a lot of people are evacuated and businesses closed, so maybe it will have an impact. I really have no idea.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,376
  • Oct 29, 2012 4:17am Oct 29, 2012 4:17am
Quoting frenetic
We was suffered a really big storm over here too . Anyway, EU drop on FF open was really nice but don't you think the 5M and 15M stoch at that time was quite a mess,RJ? I don't think I have enough confident to take that trade. What is your opinion on this RJ?
Yeah, that's the reason I didn't take it.....but....with our 20/20 hindsight, the SL was pretty cheap so it might have been worth a punt. Nothing wrong with sitting it out though.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,377
  • Oct 29, 2012 4:20am Oct 29, 2012 4:20am
Quoting realjumper
I saw that EJ long on the M5, but a quick flick to the M15 showed that Genesis wasn't at all interested in it.....even though the stoch looked promising
RJ
I entered with te second signal long after the short rally at 10.50 gmt +1. The M5 stocastic was coming back from the OB and turning back.

Thank's in advance for your comment

P.s . OPS wrong attachment, just a pic while I was surfing.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 133 KB
  • #6,378
  • Oct 29, 2012 4:26am Oct 29, 2012 4:26am
Quoting vamtop
RJ
I entered with te second signal long after the short rally at 10.50 gmt +1. The M5 stocastic was coming back from the OB and turning back.

Thank's in advance for your comment

P.s . OPS wrong attachment, just a pic while I was surfing.
The stoch was on it's way down from OB......it was merely taking a breather mid way down.....you can't enter long on the stoch like that. In order to enter long, the stoch needs to be coming from OS......but it wasn't....it was still coming from OB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,379
  • Oct 29, 2012 4:27am Oct 29, 2012 4:27am
Quoting realjumper
Yeah, that's the reason I didn't take it.....but....with our 20/20 hindsight, the SL was pretty cheap so it might have been worth a punt. Nothing wrong with sitting it out though.....
Thank you RJ. Now let it go and look for another setup
  • #6,380
  • Oct 29, 2012 4:33am Oct 29, 2012 4:33am
Quoting realjumper
The stoch was on it's way down from OB......it was merely taking a breather mid way down.....you can't enter long on the stoch like that. In order to enter long, the stoch needs to be coming from OS......but it wasn't....it was still coming from OB
You are corret. It has been a big mistake. I traded with immagination rather than with my eyes.

Sometimes still happen
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