Genesis Matrix Trading | Page 403 | 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

  • #8,041
  • Dec 5, 2012 2:42am Dec 5, 2012 2:42am
Quoting Jamz
Now I see you mentioned that already RJ. Martyfish, don't sound so fresh and bright it's dark here and I'm sleepy already!!!
Sorry, but 1 strong coffee and tea, means

Hey, RJ, yup I'm still here
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #8,042
  • Dec 5, 2012 2:51am Dec 5, 2012 2:51am
Countertrend short trade on demo to test the waters.
Why S?
1. Double top
2. Rejection of R1
3. All candle below MA
4. Div on M15 stoch and M5 stoch
5. Arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: eu qq.gif Size: 25 KB
  • #8,043
  • Dec 5, 2012 2:55am Dec 5, 2012 2:55am
Quoting iwan73
Countertrend short trade on demo to test the waters.
Why S?
1. Double top
2. Rejection of R1
3. All candle below MA
4. Div on M15 stoch and M5 stoch
5. Arrow.
Yes, I'm considering a small short as well, depending on how things look at the top of the hour is 5 minutes....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,044
  • Dec 5, 2012 3:00am Dec 5, 2012 3:00am
Quoting iwan73
Countertrend short trade on demo to test the waters.
Why S?
1. Double top
2. Rejection of R1
3. All candle below MA
4. Div on M15 stoch and M5 stoch
5. Arrow.
Yesterday's high seems to be providing a bit of support at the moment........Something to bear in mind.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #8,045
  • Dec 5, 2012 3:05am Dec 5, 2012 3:05am
Quoting Martyfish
Morning everyone !!
Morning
  • #8,046
  • Dec 5, 2012 3:36am Dec 5, 2012 3:36am
PA is difficult so far.....I didn't take the EU short but I did take a very small CJ short, but that's not looking too secure at the moment......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,047
  • Dec 5, 2012 3:42am Dec 5, 2012 3:42am
I took short on USDCAD
  • #8,048
  • Dec 5, 2012 3:53am Dec 5, 2012 3:53am
Quoting jono717
I took short on USDCAD
Why?
In front of is the S1

This is what i mean, a trade in "no mans land".
There is nothing in the back to give power.
  • #8,049
  • Dec 5, 2012 3:54am Dec 5, 2012 3:54am
Quoting Fame of me
Why?
In front of is the S1

This is what i mean, a trade in "no mans land".
There is nothing in the back to give power.
Jip saw this just after I made the Trade
  • #8,050
  • Dec 5, 2012 3:57am Dec 5, 2012 3:57am
Quoting jono717
Jip saw this just after I made the Trade
I made the same mistake at the beginning ;-)

Just train your eyes :-)
  • #8,051
  • Dec 5, 2012 4:01am Dec 5, 2012 4:01am
Quoting Fame of me
I made the same mistake at the beginning ;-)

Just train your eyes :-)
Just alot to grasp, wish it was easlier like all the mail I receive saying forex is easy and I can make lot of money blah blah well I will burst everyones bubble that believes in that spam. But I am getting there one has to crawl to can walk and then run.
  • #8,052
  • Dec 5, 2012 4:05am Dec 5, 2012 4:05am
Quoting jono717
Just alot to grasp, wish it was easlier like all the mail I receive saying forex is easy and I can make lot of money blah blah well I will burst everyones bubble that believes in that spam. But I am getting there one has to crawl to can walk and then run.
And you *will* get there because you have the right attitude
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,053
  • Dec 5, 2012 4:07am Dec 5, 2012 4:07am
Quoting realjumper
PA is difficult so far.....I didn't take the EU short but I did take a very small CJ short, but that's not looking too secure at the moment......
SL to BE on CJ.....I know it's a bit soon but I'm not comfortable with the scatty PA
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,054
  • Dec 5, 2012 4:10am Dec 5, 2012 4:10am
Quoting jono717
Jip saw this just after I made the Trade
Besides the proximity of S1, a quick switch onto the HTF's would have told you straight away this was a no-go trade. Both M15 and H1 stochs were rising sharply. Don't just go on what you see on M5.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #8,055
  • Dec 5, 2012 4:11am Dec 5, 2012 4:11am
Those who took the EU short from R1 are sitting pretty
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,056
  • Dec 5, 2012 4:11am Dec 5, 2012 4:11am
Quoting realjumper
And you *will* get there because you have the right attitude
Thanks RJ
  • #8,057
  • Dec 5, 2012 4:12am Dec 5, 2012 4:12am
Quoting scarlet pipe
Besides the proximity of S1, a quick switch onto the HTF's would have told you straight away this was a no-go trade. Both M15 and H1 stochs were rising sharply. Don't just go on what you see on M5.
Exactly! I don't trade the looney but I checked it after that post and switched to the M15 after seeing the M5 and thought 'uh oh'......I don't think that is going to fly!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,058
  • Dec 5, 2012 4:15am Dec 5, 2012 4:15am
Quoting scarlet pipe
Besides the proximity of S1, a quick switch onto the HTF's would have told you straight away this was a no-go trade. Both M15 and H1 stochs were rising sharply. Don't just go on what you see on M5.
I know exactly what you talking about as I took the trade I switch over to the HTF and saw that was not good move. But thank I will keep that in mind.
  • #8,059
  • Dec 5, 2012 4:24am Dec 5, 2012 4:24am
Quoting jono717
Thanks RJ
Just for a bit of inspiration, here is a spreadsheet that I thought I posted before, but I can't find it so I must be dreaming...lol....anyway, the spreadsheet shows what is possible by taking 50 pips/day. The lot size traded increases for every $1,000 profit, so the risk is virtually the same all the way through. The spreadsheet doesn't allow for losses or withdrawals, (because I suck at Excel), but it will show you what can be achieved. You could do the same study with 20 pips/day......and you will be amazed at the end result. We don't need to hit a 'home run' every time we trade....we just have to be consistent!
Attached File(s)
File Type: xls do-able.xls   10 KB | 860 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #8,060
  • Dec 5, 2012 4:31am Dec 5, 2012 4:31am
Quoting realjumper
Just for a bit of inspiration, here is a spreadsheet that I thought I posted before, but I can't find it so I must be dreaming...lol....anyway, the spreadsheet shows what is possible by taking 50 pips/day. The lot size traded increases for every $1,000 profit, so the risk is virtually the same all the way through. The spreadsheet doesn't allow for losses or withdrawals, (because I suck at Excel), but it will show you what can be achieved. You could do the same study with 20 pips/day......and you will be amazed at the end result. We don't need to...
RJ that is my main goal at the moment trying to preserve capital and trying to make 20 pips per day and trying staying constant with that some days goes great and some aren't at the moment I am preserving my capital but not making profit as of yet. So still learn, learn and trading.
11 traders viewing now