Genesis Matrix Trading | Page 353 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #7,041
  • Nov 8, 2012 12:58am Nov 8, 2012 12:58am
Quoting vahn
decide to take buy position on E/U.

Even the PA in strong downtrend yesterday, but PA seems refuse to down further and start to create a higher low in H1 TF. because there is divergence in M15 TF, i decide to take a risk to enter position even M5 stoch already at overbought level, because the risk is only 5 pips.
Even i took this trade but closed it because PA was struggling in the weekly s2.
  • #7,042
  • Nov 8, 2012 12:59am Nov 8, 2012 12:59am
Quoting realjumper
Yep...yesterday was a good day, but yesterday is gone and forgotten. Today is all that matters.
Yes but the confidence you get is priceless
  • #7,043
  • Nov 8, 2012 1:00am Nov 8, 2012 1:00am
Quoting insainty
Even i took this trade but closed it because PA was struggling in the weekly s2.
agree with you. i closed too for +10 pips
  • #7,044
  • Nov 8, 2012 1:11am Nov 8, 2012 1:11am
Short EA and EJ.

Reasons:

1. DP has been falling
2. PA below DP
3. Stochs coming down from OB
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 45 KB
  • #7,045
  • Nov 8, 2012 1:46am Nov 8, 2012 1:46am
Quoting sho
Short EA and EJ.

Reasons:

1. DP has been falling
2. PA below DP
3. Stochs coming down from OB
Both closed manually for a loss.

Thinking of not trading Frankie anymore unless there is a VERY HPT.
  • #7,046
  • Nov 8, 2012 1:55am Nov 8, 2012 1:55am
re-entry buy position on E/U
  • #7,047
  • Nov 8, 2012 2:08am Nov 8, 2012 2:08am
Quoting sho
Both closed manually for a loss.

Thinking of not trading Frankie anymore unless there is a VERY HPT.
Have to remember that it isn't compulsory to be in a trade just because the market is open.....if the market doesn't look good or you don't feel good about the trade....best to sit it out and wait until something comes along that you feel confident about.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,048
  • Nov 8, 2012 2:12am Nov 8, 2012 2:12am
Quoting vahn
re-entry buy position on E/U
struggle on Daily High. i don't like the PA. closed +6
  • #7,049
  • Nov 8, 2012 2:24am Nov 8, 2012 2:24am
the market move in trading range. seems i will stay out of the market for a moment
Attached Image (click to enlarge)
Click to Enlarge Name: 20121108-03.jpg Size: 243 KB
  • #7,050
  • Nov 8, 2012 2:48am Nov 8, 2012 2:48am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quote
realjumper

Have to remember that it isn't compulsory to be in a trade just because the market is open....


Have added new sign on desk near screen...............being so eager to get into it is not a good trading strategy I keep proving this to myself.
  • #7,051
  • Nov 8, 2012 3:27am Nov 8, 2012 3:27am
Quoting realjumper
Have to remember that it isn't compulsory to be in a trade just because the market is open.....if the market doesn't look good or you don't feel good about the trade....best to sit it out and wait until something comes along that you feel confident about.
I wish it was easy to follow this advice, when I am at the pc it feels like I have to trade, why else am I here then.

Working on controlling my trading urges.

Thanks RJ
When all conditions are met - Enter trade - sit back and FRET !!!
  • #7,052
  • Nov 8, 2012 3:37am Nov 8, 2012 3:37am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
You are so right JSF. It is part of the forex trading that is so strange - you know what to do, you are ready, you are in front of your screen and the best thing to do is nothing!!!!???? Just when you want to be working hard! It is not something that you can explain to the uninitiated either - they don't know what you are talking about. It is like you can never be right or wrong with forex either -- until afterwards. I guess experience will teach us.....Cheers JSF....happy trading.
  • #7,053
  • Nov 8, 2012 3:44am Nov 8, 2012 3:44am
Took the EU trade, jumped in a bit early due to PA. Noticed some bearish divergence as well.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-8-12.png Size: 42 KB
  • #7,054
  • Nov 8, 2012 3:46am Nov 8, 2012 3:46am
Quoting jsf
I wish it was easy to follow this advice, when I am at the pc it feels like I have to trade, why else am I here then.

Working on controlling my trading urges.

Thanks RJ
When you have your criteria for entering a trade firmly embedded in your mind, you will often be absolutely sure that there is not going to be a set-up for a while.
You are sitting at your computer, so instead of driving yourself crazy watching the market move tick by tick, why not look back over some charts.
When I'm not trading or have spare time, I am currently looking at oil charts. Genesis is looking like it could work very well with oil on M30 charts and so I am trying to find the best way to trade it.
Please Do Not PM Me With Coding Enquiries
  • #7,055
  • Nov 8, 2012 3:57am Nov 8, 2012 3:57am
Quoting Jamz
You are so right JSF. It is part of the forex trading that is so strange - you know what to do, you are ready, you are in front of your screen and the best thing to do is nothing!!!!???? Just when you want to be working hard! It is not something that you can explain to the uninitiated either - they don't know what you are talking about. It is like you can never be right or wrong with forex either -- until afterwards. I guess experience will teach us.....Cheers JSF....happy trading.
I had this problem as well. Slowly weeding it out. Only took the EU and GU shorts so far today (about 25min ago). Exited both, and GU early because ... it is GU and I have a scardy cat mentality on GU. +23 and +6.

I think the thing to remember, is ... wait for it ... you're here to make money, NOT to trade. And anything that reduces the amount of money you make, is not worth it. A baseball analogy would be you're here to get on base, not swing.

But yeah ... it is hard.
  • #7,056
  • Nov 8, 2012 3:59am Nov 8, 2012 3:59am
Quoting RainyDay1
A baseball analogy would be you're here to get on base, not swing.

I like that analogy......excellent
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,057
  • Nov 8, 2012 4:15am Nov 8, 2012 4:15am
Quoting realjumper
Have to remember that it isn't compulsory to be in a trade just because the market is open.....if the market doesn't look good or you don't feel good about the trade....best to sit it out and wait until something comes along that you feel confident about.
Thanks a lot for the advice, RJ.

I think my biggest trading weakness right now is the fear of missing out on the big move...it can get me into what seems to be a decent trade only for the trade to reverse and turn into a fake-out.

Thankfully, I've had a lot more time to trade these past 2 months so I've been able to get a better "feel" of the market (if that makes any sense) which is something that you can only get from screen-time.

By the way, I'm currently in the GU and EA trades and recovering nicely!
  • #7,058
  • Nov 8, 2012 4:15am Nov 8, 2012 4:15am
Quoting realjumper
I like that analogy......excellent
Been lurking in the background, learning from you guys, and doing some limited trading and more analyzing.

Inspired by Martyfish's dedication to study (3 years on non-stop looking at charts) as he posted earlier. There is no short cuts to this business. And it is no wonder Marty's basically killing it on a daily basis.
  • #7,059
  • Nov 8, 2012 4:23am Nov 8, 2012 4:23am
Quoting sho
Thanks a lot for the advice, RJ.

I think my biggest trading weakness right now is the fear of missing out on the big move...it can get me into what seems to be a decent trade only for the trade to reverse and turn into a fake-out.

Thankfully, I've had a lot more time to trade these past 2 months so I've been able to get a better "feel" of the market (if that makes any sense) which is something that you can only get from screen-time.

By the way, I'm currently in the GU and EA trades and recovering nicely!
That's great! When I get burned, I find it hard to get back in on the next signal.
  • #7,060
  • Nov 8, 2012 4:29am Nov 8, 2012 4:29am
Quoting RainyDay1
That's great! When I get burned, I find it hard to get back in on the next signal.
That was actually a problem I had early on in my trading career...accepting losses.

Until I compared it to dating and accepting rejection (at least when I was younger)!!!

As long as you conquer your fear of losses like the fear of rejection, then you will eventually find the perfect trade!

There are plenty of fish in the sea! Take the loss and move on is what I say!
3 traders viewing now