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Genesis Matrix Trading

  • #9,241
  • Feb 6, 2013 4:48am Feb 6, 2013 4:48am
Quoting iwan73
Hi RJ. I am not trading this week because i am on winter holidays. With heavy heart i discovered that GU continued down move yesterday.

In the post i quoted above you mentioned about checklist. Can you post (if it is not a secret) a sample of that checklist. As maybe you remember i try to take and learn only HPT.
What means that i check
1. if it is any reason on M15 to trade (you taught me that)
2. what is a trend in last 24 hours by zooming out M5 chart (olivierforex taught me that)

I am sure that knowledge what questions should i ask myself...
My check list includes:

Stoch position
5ema state
Matrix
News
ATR
Arrows
Pivots
Round numbers etc etc

There is all the info in the thread, just make a list of things that you need to check to stop you entering a trade and then realising that you didn't see the big round number lurking 5 pips away!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,242
  • Feb 6, 2013 4:48am Feb 6, 2013 4:48am
Quoting Forex Lion
Hello Genesis Group,

after reading thousand of interesting post within this thread and installing the Genesis-System, I want to say many many thanks to all the involved people. This is really a wonderful tool, thanks again Realjumper...great job.

Now I will go on with reading the missing pages, and learning the system.

I will come back later...have a nice day...
Welcome to the thread
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,243
  • Feb 6, 2013 4:53am Feb 6, 2013 4:53am
Quoting heispark
Anyone got this EURCHF? I was hesitating and didn't take it. Do you call this HPT?

Attachment
I didn't take it either....the HPT trade was earlier in the day......as it was for many pairs today. But I was busy so I didn't get a chance to enter any of them
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,244
  • Feb 6, 2013 4:59am Feb 6, 2013 4:59am
Very slow night tonight.....not much news on the horizon either.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,245
  • Feb 6, 2013 5:28am Feb 6, 2013 5:28am
Quoting realjumper
Very slow night tonight.....not much news on the horizon either.....
Yup, very choppy !!

EJ refuses to go down, managed a few small trades, but after yesterday, I'm not complaining
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,246
  • Feb 6, 2013 6:08am Feb 6, 2013 6:08am
Hopefully all this selling pressure on EJ, will cause a pop to the upside when US opens ????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,247
  • Feb 6, 2013 9:52am Feb 6, 2013 9:52am
Quoting Martyfish
Hopefully all this selling pressure on EJ, will cause a pop to the upside when US opens ????
seems liek it so far
  • #9,248
  • Feb 6, 2013 9:58am Feb 6, 2013 9:58am
Quoting Ati_82
seems liek it so far
Hi Ati, took a little longer than I thought but when its nice green pips, I'm a patient man.

Once again Genesis arrow and M5 tape rides to the rescue
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,249
  • Feb 6, 2013 10:02am Feb 6, 2013 10:02am
Quoting Martyfish
Hi Ati, took a little longer than I thought but when its nice green pips, I'm a patient man.

Once again Genesis arrow and M5 tape rides to the rescue
That will do me + 35
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,250
  • Feb 6, 2013 10:05am Feb 6, 2013 10:05am
Need to go to the gym !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,251
  • Feb 6, 2013 10:36am Feb 6, 2013 10:36am
Quoting Ati_82
seems liek it so far
Hope you got some !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,252
  • Feb 6, 2013 12:05pm Feb 6, 2013 12:05pm
Quoting Martyfish
Hope you got some !!
my emotions took over a while ago, I know I should ignore my feelings but being a huge skeptic of this jpy deprecation / eur rally it seems I'm just weak and can't for now. Although i do learn overtime so have stayed out of the market instead going against the trend
  • #9,253
  • Edited 1:08pm Feb 6, 2013 12:51pm | Edited 1:08pm
Quoting Ati_82
my emotions took over a while ago, I know I should ignore my feelings but being a huge skeptic of this jpy deprecation / eur rally it seems I'm just weak and can't for now. Although i do learn overtime so have stayed out of the market instead going against the trend
That's very honest of you to admit that.

I agree the concept of Euro strength, is conceptually difficult to get your head around, except the fact that currencies are a zero sum game.

So comparatively, if ECB are not undertaking conventional QE, and US and Japan are going full guns blazing, comparatively that makes the Euro strong. QE is the "elephant in the room" at the moment - thats why GBP is weak - QE and a weak economy.

What Japan is threatening to do, is a multi-decade game-changer - so after decades of strength, it is now being a lot weaker, QE/trade deficits/weak economy - strength - what strength ?? The trade deficit, has real consequences on demand for Yen.

As I stated yesterday, once the strong Euro wreaks havoc on the EU economies, watch the Euro capitulate, but until then whatever logic tells you, just follow your charts.

Another example is the number of times Genesis will give a correct signal just prior to or on major news release, that is usually because the buying/selling pressures by big banks taking positions sends us signals.

So during trading hours, I switch off my economic mind, and switch on my traders mind - that is absolutely critical. I even "talk" to my "trading persona", going over and over my signals ticking them off prior to a potential setup.

My wife is constantly joking with me for talking to myself (she tells me I am mad!! - maybe I am ??), I ignore everything else, just trading signals, over and over again. That is all that matters.

We are technical traders (especially on these timeframes), not fundamental traders - so why consider fundamentals during trading ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,254
  • Feb 6, 2013 1:24pm Feb 6, 2013 1:24pm
Quoting Martyfish

We are technical traders (especially on these timeframes), not fundamental traders - so why consider fundamentals during trading ??
Wise words ... I agree 100%.
You control how you trade; the market controls how and when you'll get paid
  • #9,255
  • Feb 6, 2013 1:35pm Feb 6, 2013 1:35pm
Cheers Wiz !!

Oh just on the wires ....

The OECD spokeman says the Euro strength will not hurt the EZ economy

But Japanese Finance Minister says Japan needs a weaker exchange rate to help boost their weak economy

Now please tell me who is lying
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,256
  • Feb 6, 2013 1:41pm Feb 6, 2013 1:41pm
Quoting Martyfish
Cheers Wiz !!

Oh just on the wires ....

The OECD spokeman says the Euro strength will not hurt the EZ economy

But Japanese Finance Minister says Japan needs a weaker exchange rate to help boost their weak economy

Now please tell me who is lying
Both the guys ... Of course
You control how you trade; the market controls how and when you'll get paid
  • #9,257
  • Feb 6, 2013 1:51pm Feb 6, 2013 1:51pm
These guys just crack me up.

I wonder what qualifications you need to join the OECD ?

A PHD in bullshit ?? Or a Masters in Incompetance ??
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,258
  • Feb 6, 2013 2:00pm Feb 6, 2013 2:00pm
Quoting Martyfish
That's very honest of you to admit that.
Thanks, I agree on everything you said, both on the how to and the economic part. If I start to think about it I get to the same conclusion I will slowly scale myself back in when I have the ability to do intra-day trades. At the moment I should hold positions overnight which I feel not being capable of right now.

Truth is that I've made a few mistakes lately which led to serious decline on my account. Not game over yet luckily and it's a micro account so it won't have an impact on my life. However my ego is bleeding hard looking back at my trades as it clearly shows that I've been so silly. Doing beginner mistakes over and over again which I do recognize and know to my back.

The learning curve is not easy or cheap in this business, so I take every slap as a lesson This thread and the people in it really help a LOT, a very good thing that RJ keeps strict order here.

So thanks for everyone that shares experience and suggestions, apologies for the coming out just couldn't keep it in anymore
  • #9,259
  • Feb 6, 2013 2:04pm Feb 6, 2013 2:04pm
Also another point Ati,

The EU politicians cant admit the EU economy is really weak, otherwise everyone will say, oh yeah, your right, and money will run out of their banks, and the sh#t hits the fan

So all words out of EU is saying everything is being fixed everything is on course, and the maket seems to believe them ????

Until .... the last straw is carefully laid somewhere sometime, and ..... pfffft
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #9,260
  • Feb 6, 2013 2:17pm Feb 6, 2013 2:17pm
Quoting Ati_82
Thanks, I agree on everything you said, both on the how to and the economic part. If I start to think about it I get to the same conclusion I will slowly scale myself back in when I have the ability to do intra-day trades. At the moment I should hold positions overnight which I feel not being capable of right now.

Truth is that I've made a few mistakes lately which led to serious decline on my account. Not game over yet luckily and it's a micro account so it won't have an impact on my life. However my ego is bleeding hard looking back at...
Hang in Ati .... Sooner or later you will come out as a winner
You control how you trade; the market controls how and when you'll get paid
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