Genesis Matrix Trading | Page 385 | 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

  • #7,681
  • Nov 22, 2012 4:19am Nov 22, 2012 4:19am
Quoting realjumper
You're welcome......I learned this partly the hard way, and partly because some very good traders like acumen and AtLast helped me when I too was struggling.
You got me think could you point me in the right direction maybe best place to get better understanding of PA. Or could you maybe give me your point that you look at when you do your PA analysis. This will be great help for me.
  • #7,682
  • Nov 22, 2012 4:20am Nov 22, 2012 4:20am
Quoting Jamz
Hmmmmmm, my R1 is at 1.5996
Check your pivots against the table at actionforex ..... they are the real deal! Make sure you click the 'Daily' tab
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,683
  • Edited 4:25am Nov 22, 2012 4:24am | Edited 4:25am
Quoting realjumper
Well it is a valid way to trade, but I think that for new traders it's probably better to avoid using the M1 charts if at all possible. Everything happens so fast on the M1 that it's easy to make mistakes. I do use M1......but only when I'm looking for an entry (or re-entry) during a long slow day long climb or fall of the PA, and the stoch is 'on the roof' on 'on the floor' and Genesis M5 & M15 is not helping. The choices are to forget about the trade because I missed the best entry, or to take the riskier option of drilling down to M1 and looking...
Hmmm, thanks again RJ. So much to learn, eh?
I am only trading EU & EJ.
I must be trying to run before i can walk. Having said that, i feel I am slowly getting an understanding of Genesis.

Also thanks for the previous post about:
"That's how it's done......it takes 10 minutes and it tells the story in detail of this 2850-ish level of s/r "

Also a thanks to the other "chart posters"
  • #7,684
  • Nov 22, 2012 4:25am Nov 22, 2012 4:25am
Quoting jono717
You got me think could you point me in the right direction maybe best place to get better understanding of PA. Or could you maybe give me your point that you look at when you do your PA analysis. This will be great help for me.
What I just explained to you here is how I do my TA, especially when looking for s/r levels. If you look at my profile you'll see my favourite book there......buy it from amazon, it's cheap, and you'll learn a lot. It's easy to read and it's written by a guy who lost a LOT of money trading before he got the hang of it, and now he's a great trader. I must have read the book 200 times, and I still read it a couple of times a year and find a new gem in it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,685
  • Nov 22, 2012 4:26am Nov 22, 2012 4:26am
Quoting Ta Hui
Hmmm, thanks again RJ. So much to learn, eh?
I am only trading EU & EJ.
I must be trying to run before i can walk. Having said that, i feel I am slowly getting an understanding of Genesis.

Also thanks for the previous post about:
"That's how it's done......it takes 10 minutes and it tells the story in detail of this 2850-ish level of s/r "

Also a thanks to the other "chart posters"
Yeah there is a lot to learn......and the learning never stops.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,686
  • Nov 22, 2012 4:32am Nov 22, 2012 4:32am
Quoting realjumper
What I just explained to you here is how I do my TA, especially when looking for s/r levels. If you look at my profile you'll see my favourite book there......buy it from amazon, it's cheap, and you'll learn a lot. It's easy to read and it's written by a guy who lost a LOT of money trading before he got the hang of it, and now he's a great trader. I must have read the book 200 times, and I still read it a couple of times a year and find a new gem in it.
Thanks will do that.
  • #7,687
  • Nov 22, 2012 4:33am Nov 22, 2012 4:33am
Quoting realjumper
The trade was entered about 7 pips below R1, which is crazy. The PA will stop at R1 9 times out of 10 and with the SL placed under the swing low, which is about -20.....that gives and almost 1:3 R/R........which is even more crazy!!

And the worst sin is that the high of today.....just before Tokyo open has not been broken since the beginning of the month, showing that that level is a strong support/resistance area.
The bulls are having anther crack at this level. I will watch from the sidelines!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,688
  • Nov 22, 2012 4:34am Nov 22, 2012 4:34am
Just want to confirm,RJ you have a PM...
  • #7,689
  • Nov 22, 2012 4:37am Nov 22, 2012 4:37am
Quoting frenetic
Just want to confirm,RJ you have a PM...
Yep....I got it.....I haven't forgotten you. I just have about 30 hours of things to do every 24 hours at the moment!! I will get back to you after the markets close
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,690
  • Nov 22, 2012 4:48am Nov 22, 2012 4:48am
Quoting vahn
decided to buy on EU. i know that it's a bit risky consider the price is near the R1 Pivot line. So i will pay attention closely to this trade
hi i take the same trade but.. i see that we have strong R at .2867 so i wait and enter when wen we bounce of 23.6 fib and break 50 fib,
sl about 10-11 pips , closed +12pips
Attached Image (click to enlarge)
Click to Enlarge Name: 22-11.png Size: 81 KB
  • #7,691
  • Nov 22, 2012 5:27am Nov 22, 2012 5:27am
Quoting sp33ncer
hi i take the same trade but.. i see that we have strong R at .2867 so i wait and enter when wen we bounce of 23.6 fib and break 50 fib,
sl about 10-11 pips , closed +12pips
i took buy position again based on genesis signal @1.2860. already +16 pips for now. locked the profit at BE+1
  • #7,692
  • Nov 22, 2012 5:32am Nov 22, 2012 5:32am
Quoting vahn
i took buy position again based on genesis signal @1.2860. already +16 pips for now. locked the profit at BE+1
good for U, i miss that one


and for me .2875 i good place to close this trade )
  • #7,693
  • Nov 22, 2012 5:42am Nov 22, 2012 5:42am
Quoting sp33ncer
good for U, i miss that one


and for me .2875 i good place to close this trade )
.2875 is a strong resistance. so i moved my sl to BE +10
  • #7,694
  • Nov 22, 2012 6:15am Nov 22, 2012 6:15am
Quoting vahn
i took buy position again based on genesis signal @1.2860. already +16 pips for now. locked the profit at BE+1
Right below DR1? Good you're in profit, but not a HPT ...
  • #7,695
  • Nov 22, 2012 6:19am Nov 22, 2012 6:19am
Quoting RainyDay1
Right below DR1? Good you're in profit, but not a HPT ...
yes. i aware of that
  • #7,696
  • Nov 22, 2012 6:25am Nov 22, 2012 6:25am
Quoting realjumper
Yep....I got it.....I haven't forgotten you. I just have about 30 hours of things to do every 24 hours at the moment!! I will get back to you after the markets close
Sorry RJ,hope that I'm not a nuisance to you and others...
  • #7,697
  • Nov 22, 2012 6:27am Nov 22, 2012 6:27am
Quoting frenetic
Sorry RJ,hope that I'm not a nuisance to you and others...
No it's no problem......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,698
  • Nov 22, 2012 6:31am Nov 22, 2012 6:31am
I'm taking a back seat today, don't like PA and what with Thanksgiving in US, staying out.
I am no longer getting email notification when new posts are added to this thread, how about everyone else?
Please Do Not PM Me With Coding Enquiries
  • #7,699
  • Nov 22, 2012 6:34am Nov 22, 2012 6:34am
Quoting Gumrai
I'm taking a back seat today, don't like PA and what with Thanksgiving in US, staying out.
I am no longer getting email notification when new posts are added to this thread, how about everyone else?
Yeah I have done my trading for today on the Aussie pairs and a little short on GU. The r/r on offer for other pairs with USA not in play today is not acceptable to me.

I can't help you regarding the email notifications for this thread because I have then turned off.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7,700
  • Nov 22, 2012 7:00am Nov 22, 2012 7:00am
close EU at R2. +37 pips

time to relax now
11 traders viewing now