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Genesis Matrix Trading

  • #9,101
  • Feb 1, 2013 6:40am Feb 1, 2013 6:40am
Quoting realjumper
30 degrees for us tomorrow Jamz
I lived in Christchurch for a whole year back in 2004 and I remember we also had a hot summer at that time. Generally weather in NZ is mild and pleasant... I envy Kiwis.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,102
  • Edited 7:46am Feb 1, 2013 7:35am | Edited 7:46am
Made a quick tiny +17 pip trade of AUDJPY. Expected R1 target but when it was struggling at RN, I just quit.

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: genesis2.png Size: 5 KB

(All the trades I make is DEMO)

Nice Genesis again....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,103
  • Feb 1, 2013 7:44am Feb 1, 2013 7:44am
Quoting heispark
Made a quick +170 pip trade of AUDJPY. Expected R1 target but when it was struggling at RN, I just quit.

Attachment

Attachment
(All the trades I make is DEMO)

Nice Genesis again....
Dont you mean +17 pip?
  • #9,104
  • Feb 1, 2013 7:46am Feb 1, 2013 7:46am
Quoting lastingwell
Dont you mean +17 pip?
Oops! sorry for the typo. Yes. it's tiny +17.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,105
  • Feb 1, 2013 7:47am Feb 1, 2013 7:47am
Quoting heispark
Oops! sorry for the typo. Yes. it's tiny +17.
Profit is profit
  • #9,106
  • Feb 1, 2013 10:45am Feb 1, 2013 10:45am
My best trade since start of the year. 97 pips.
Trend is down.
Breakout of pivot and retest.
Both stochs pointing down.
Matrix all red before High Impact News. Do you remember that few months ago it was told in this thread that genesis signal before news is good prediction of direction after news?
TP placed at S2. I couldnt sit at my PC since opening this trade. In other way i would closed that trade much earlier with less profit. Patience is my probem.

Look at H1 chart. Maybe bounce to the upside is over on GU. It was Matrix signal at 11am plus stoch div.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 30 KB
  • #9,107
  • Feb 1, 2013 2:20pm Feb 1, 2013 2:20pm
Quoting heispark
Was this yours?

Attachment
Yep...it was. The trade was really against the trend but the SL was so cheap that it was worth a shot. I had plenty of time to close out in profit but I hung on to see whether the bottom would fall out of the Kiwi. As we know, the Kiwi continued on up and so I let it go to the Sl. The trade was speculative and it cost nothing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,108
  • Feb 1, 2013 2:24pm Feb 1, 2013 2:24pm
Quoting iwan73
My best trade since start of the year. 97 pips.

Look at H1 chart. Maybe bounce to the upside is over on GU. It was Matrix signal at 11am plus stoch div.
Good trade

Yeah the pullback/correction on GU has been quite impressive, perhaps it has now exhausted itself and the bear run can continue. It will be interesting to see next week
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,109
  • Feb 1, 2013 3:52pm Feb 1, 2013 3:52pm
Quoting realjumper
Yep...it was. The trade was really against the trend but the SL was so cheap that it was worth a shot. I had plenty of time to close out in profit but I hung on to see whether the bottom would fall out of the Kiwi. As we know, the Kiwi continued on up and so I let it go to the Sl. The trade was speculative and it cost nothing
Thank you for details. I am learning from other people's trading decisions...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #9,110
  • Feb 1, 2013 4:10pm Feb 1, 2013 4:10pm
Quoting heispark
Thank you for details. I am learning from other people's trading decisions...
You're welcome.

Generally I won't go against the trend without good reason....I'd rather wait and go with the trend. In the case of the Kiwi though, the price is pretty high and the trade I took had such a cheap SL that it was worth the risk. If the SL had have been 20 or pips I would not have attempted the trade. As it happens, I got the SL to BE and once that happened I was content to let it either hit the SL or pay me well.

It hit the SL
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,111
  • Feb 1, 2013 10:25pm Feb 1, 2013 10:25pm
Another postive week..
Thanks to the system (RJ and the Team)

Have a great weekend guys..
i worshipped... Momentum
  • #9,112
  • Feb 2, 2013 6:23am Feb 2, 2013 6:23am
Quoting realjumper
Good trade
Thanks RJ. I am still learning Genesis and still finding this system more effective. Could you post everyday more of your HPT? It is very important part of learning.
  • #9,113
  • Feb 2, 2013 9:15am Feb 2, 2013 9:15am
TYPICAL EXAMPLE of EXIT MISTAKE

In the picture you can find a trade I took 3 days ago (01/29) on EJ with the goal to ride this beatifull trend.

In the small window a zoom of the M5 entry point.
I was a little late to pull the trigger because:
1. I was more focused on EU where I was in with more money
2. I wanted wait for a break of the previous LL (blue line)

My TP1 was the last daily high @ 123 with a RR = 1:3

After the breakout of the previous day close and DP I moved my SL to BE+1 and the day after I moved it below the daily low with the purpose to let the trade go as much as possible ...... but @ 124,24 I achieved my monthly goal (... and it was the last day of the month) , suddenly my mind made the decision to listen emotions and didn't pay attention to the PA which was telling me : "hey Wiz I broke out and rebounded on your TP1 and I am still going up".

I closed the trade with +242 pips and lost another impulse which could give me double pips.

As RJ always points out the entry point is simple ... but the exit is another story, another lesson to learn.

Have a great week end.

ciao

Wiz
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 2013-01-28.jpg Size: 276 KB
You control how you trade; the market controls how and when you'll get paid
  • #9,114
  • Feb 3, 2013 6:20am Feb 3, 2013 6:20am
Wooow,this was a hell of a ride.....

After 2 weeks of reading whole thread I must say that I am impressed with generosity of RJ and team.

We all need to be happy to be here and learn from such a wise man and his company.

I want a be part of this method and team too.

RJ i like your attitude,you are harsh but also really fair and that the way to go if you want to be succesfull in this hard bussiness,i like it very much.I can't understand some people who don't even read first post and complain.I read many many threads and try many methods but i think i will stay with this one.Agree with everything you said RJ.

Please continue with your thread like you are doing now,you have one more follover

I wrote some tips from this thread which can help newbies with rules and great teachings of RJ

Hope it can help.If you want me to remove it i will do so RJ.

Higest regards and thank you Team!
Attached File(s)
File Type: docx GMT.docx   22 KB | 588 downloads
  • #9,115
  • Feb 3, 2013 7:07am Feb 3, 2013 7:07am
Quoting wiz3003
TYPICAL EXAMPLE of EXIT MISTAKE



Wiz
Wiz,
Why is this trade an exit mistake? You made 242 pips and you're moaning about not making more? Come on! You've made profit and that is all that matters. Once you consistently make profits you should pat yourself on your back and say well done.
.... laughing all the way to the bank
  • #9,116
  • Feb 3, 2013 7:37am Feb 3, 2013 7:37am
Quoting itsallover
Wiz,
Why is this trade an exit mistake? You made 242 pips and you're moaning about not making more? Come on! You've made profit and that is all that matters. Once you consistently make profits you should pat yourself on your back and say well done.
Hi itsallover,

even if I did many pips (and I am very happy for this) I try to re-analyze my trades in the week end in order to improve my performances.
From a TA standpoint this exit is a mistake because after the HH BO and re-test price started to go up again and, at this point, I closed the trade without any technical reason .... it doen't make sense! (have a look at the pic, no indies or PA is telling me be carefull).
The right management would have been to trail my SL below the blue line and wait ... as I did early.

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #9,117
  • Feb 3, 2013 7:50am Feb 3, 2013 7:50am
Quoting wiz3003
Hi itsallover,

even if I did many pips (and I am very happy for this) I try to re-analyze my trades in the week end in order to improve my performances.
From a TA standpoint this exit is a mistake because after the HH BO and re-test price started to go up again and, at this point, I closed the trade without any technical reason .... it doen't make sense! (have a look at the pic, no indies or PA is telling me be carefull).
The right management would have been to trail my SL below the blue line and wait ... as I did early.

ciao

wiz


........ just don't let the perfect become the enemy of the good .....

.... just saying Wiz......
.... laughing all the way to the bank
  • #9,118
  • Feb 3, 2013 9:41am Feb 3, 2013 9:41am
Quoting itsallover
........ just don't let the perfect become the enemy of the good .....

.... just saying Wiz......
You are absolutely right !
It is one of my demons
You control how you trade; the market controls how and when you'll get paid
  • #9,119
  • Feb 3, 2013 10:55am Feb 3, 2013 10:55am
Quoting wiz3003
You are absolutely right !
It is one of my demons
Wiz,

I have loads of demons lol.... the worst being my love for Prada Bags sigh!

Maybe you should have two trades for every entry - a conservative one and an aggressive one. That way you don't lose out completely if PA goes against you.
As for me, I have decided scalping is the way forward even though I don't really think it suits my personality - I take a small chunk of the action for each little move .
.... laughing all the way to the bank
  • #9,120
  • Feb 3, 2013 11:33am Feb 3, 2013 11:33am
Quoting itsallover
Wiz,

I have loads of demons lol.... the worst being my love for Prada Bags sigh!
eh eh eh ... my worst being my love for female beauty
You control how you trade; the market controls how and when you'll get paid
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