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Genesis Matrix Trading

  • #11,041
  • Mar 20, 2013 3:01am Mar 20, 2013 3:01am
Quoting kosmo
Ahh, hindsight. Got it!
A few times I see nice set ups from pivots .... as long as you keep an eye on Frankie ...
.... laughing all the way to the bank
  • #11,042
  • Mar 20, 2013 3:01am Mar 20, 2013 3:01am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting kosmo
But that wouldn't be the case today; nice slope up from one hour before FO.. or am I missing something?
Yes, often everything looks perfect pre-frankie, I mean all your indicators line up but then it changes at open or just lacks momentum more often than not so the filter is - don't trade pre-frankie----but just now it took off--- of course all rules are to be broken by price !!! another train comin
  • #11,043
  • Mar 20, 2013 3:05am Mar 20, 2013 3:05am
Quoting Jamz
Yes, often everything looks perfect pre-frankie, I mean all your indicators line up but then it changes at open or just lacks momentum more often than not so the filter is - don't trade pre-frankie----but just now it took off--- of course all rules are to be broken by price !!! another train comin

You know you could always switch to scalping...
mind over matter
  • #11,044
  • Mar 20, 2013 3:13am Mar 20, 2013 3:13am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting kosmo
You know you could always switch to scalping...
Yes, scalping has created quite an interest but I've always been interested in longterm trading, I think one needs a bigger account for that, so I have enjoyed finding genesis for entries but need to refine exits for taking profit. Keep the scalping chat going tho.......
very interesting.
  • #11,045
  • Mar 20, 2013 3:36am Mar 20, 2013 3:36am
Quoting Thoughts
quite an unorthodox thread, but very mentally stimulating..

Attached, hope thats what you meant..


Thanks mate but i think the problem is from my side. My adobe Reader is acting-up.Can you be kind enough to send it through winrar.
  • #11,046
  • Mar 20, 2013 3:49am Mar 20, 2013 3:49am
GU 5M +27 pips. Late though.. Thank you!

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,047
  • Mar 20, 2013 4:02am Mar 20, 2013 4:02am
Quoting Jamz
Yes, scalping has created quite an interest but I've always been interested in longterm trading, I think one needs a bigger account for that, so I have enjoyed finding genesis for entries but need to refine exits for taking profit. Keep the scalping chat going tho.......
very interesting.
Surprisingly not. One could start with as little as 100$ and let compounding do the job. It's just a different approach to 'longterm'. A hidden face of patience. But of course, everyone's got their own ways. We're safe with Genesis anyway
mind over matter
  • #11,048
  • Mar 20, 2013 4:07am Mar 20, 2013 4:07am
Quoting heispark
GU 5M +27 pips. Late though.. Thank you!

Attachment
Attachment
Good trade. I was watching GU since before Frankie to see whether it was going to be rejected by the DP....and so it was
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,049
  • Mar 20, 2013 4:11am Mar 20, 2013 4:11am
Quoting kosmo
Surprisingly not. One could start with as little as 100$ and let compounding do the job. It's just a different approach to 'longterm'. A hidden face of patience. But of course, everyone's got their own ways. We're safe with Genesis anyway
As we've always said, Genesis will get you into a trade that has got a HP of working out, provided you follow the rules. However, for the exit, your on your own. I use pivots, BRN etc etc, but the point is that Genesis gives good entries. How you manage your trade is up to you. If you want to take (say) 10 pips with high lot size or high leverage.....or low lot size and compound (as you say), or keep it 'slow and steady' in the traditional way, or whatever.....what you do when you're in a trade is up to you. As long as you make money, it doesn't matter
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,050
  • Mar 20, 2013 4:21am Mar 20, 2013 4:21am
Quoting realjumper
As we've always said, Genesis will get you into a trade that has got a HP of working out, provided you follow the rules. However, for the exit, your on your own. I use pivots, BRN etc etc, but the point is that Genesis gives good entries. How you manage your trade is up to you. If you want to take (say) 10 pips with high lot size or high leverage.....or low lot size and compound (as you say), or keep it 'slow and steady' in the traditional way, or whatever.....what you do when you're in a trade is up to you. As long as you make money, it...
That is exactly how I understand it. Genesis is the cradle of success. The rest is up to us and our trade & money management skills
mind over matter
  • #11,051
  • Mar 20, 2013 4:47am Mar 20, 2013 4:47am
I'm still by page 15, so maybe I haven't read enough to be posting yet. Anyway, this is a trade I just took based on what I read in those pages. I believe it followed the rules, but would appreciate your comments. TY.
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  • #11,052
  • Mar 20, 2013 4:52am Mar 20, 2013 4:52am
Quoting ForexIdiot
I'm still by page 15, so maybe I haven't read enough to be posting yet. Anyway, this is a trade I just took based on what I read in those pages. I believe it followed the rules, but would appreciate your comments. TY.
Looks pretty good to me....ticks all the boxes and is with the current trend....well done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,053
  • Mar 20, 2013 6:42am Mar 20, 2013 6:42am
hi RJ and mentors,

Just need some guidance or clarifications whether what I find is correct as per attached.
At point 1, perhaps its not advisable to enter the long at that position where m15 stoch although is in OB zone but its starting to decline a bit, though its a possibility that it can still continue to go uptrend at that time, but would you have entered the trend at this point?

At point 2, no reason to enter a short here as the m15 at that time though is crossed but still inside OB zone and this is against the trend, hence if trade is taken here, it'll be very risky, right?

At point 3, though m15 stoch at that time is not ready to go up again yet, but is this the right entry to enter this uptrend as compared to point 1? On a strong trend like this one, is it best to wait for a full red matrix where short is not possible then wait for the full white matrix to appear to consider for entry rather than at point 1 when the matrix only half agree then turn all white as shown in the circle?

then TP is up to anyone. Best entry today is still before frankfurt open, but not every time so hence let it be a miss rather than risk.

Thanks for your hindsight on high leverage scalping mentality. Its really tempting and it must be very discipline to take the trade. Though its only a few pips scalp, one must not be too careless on entry, follow rules to scalp is the safest and I dun think I would set 100pips SL for scalp, if PA can run 100pips, then it probably has already change its course of trend, hence just cut and reverse to save pips rather than let it get stopped out.
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  • #11,054
  • Mar 20, 2013 6:54am Mar 20, 2013 6:54am
Quoting kwissy
hi RJ and mentors,

Just need some guidance or clarifications whether what I find is correct as per attached.
At point 1, perhaps its not advisable to enter the long at that position where m15 stoch although is in OB zone but its starting to decline a bit, though its a possibility that it can still continue to go uptrend at that time, but would you have entered the trend at this point?
Please.....for the sake of my sanity.....use the considerable resources that we have made available to you on Post #1......use the Search function of this thread. I am not going to to keep on repeating the same thing ad infinitum......sigh......the Stochastic IS NOT an oversold/overbought indicator. If it was, it would have been included in the Matrix. The stochastic can stay 'overbought' for a LONG time.....it is showing the strength of the bulls.....it does NOT mean that the PA needs to reverse.


Quoting kwissy
At point 2, no reason to enter a short here as the m15 at that time though is crossed but still inside OB zone and this is against the trend, hence if trade is taken here, it'll be very risky, right?
Not only that, it would be trading against the trend, which we have also spoken repeatedly about......and it would be shorting right on top of the Daily Pivot......which......yes.....we have also spoken about!!!



Quoting kwissy
At point 3, though m15 stoch at that time is not ready to go up again yet, but is this the right entry to enter this uptrend as compared to point 1? On a strong trend like this one, is it best to wait for a full red matrix where short is not possible then wait for the full white matrix to appear to consider for entry rather than at point 1 when the matrix only half agree then turn all white as shown in the circle?
Point 3 is a perfect opportunity to re-enter if you had exited, or add another trade if you didn't exit. This was explained recently in the little movie that I made.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,055
  • Mar 20, 2013 6:58am Mar 20, 2013 6:58am
Bearish divergence on EU and EJ M15...
mind over matter
  • #11,056
  • Mar 20, 2013 7:01am Mar 20, 2013 7:01am
Quoting realjumper
Please.....for the sake of my sanity.....use the considerable resources that we have made available to you on Post #1......use the Search function of this thread. I am not going to to keep on repeating the same thing ad infinitum......sigh......the Stochastic IS NOT an oversold/overbought indicator. If it was, it would have been included in the Matrix. The stochastic can stay 'overbought' for a LONG time.....it is showing the strength of the bulls.....it does NOT mean that the PA needs to reverse.




Not only that, it would be trading against the...



....... I can bet you any money you weren't smiling when you were typing that .
Did you not see angry face or something?
.... laughing all the way to the bank
  • #11,057
  • Mar 20, 2013 7:02am Mar 20, 2013 7:02am
Quoting itsallover
....... I can bet you any money you weren't smiling when you were typing that .
Did you not see angry face or something?
I had a fresh pot of coffee that I didn't want to spill
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,058
  • Mar 20, 2013 7:03am Mar 20, 2013 7:03am
Quoting kosmo
Bearish divergence on EU and EJ M15...
I'm watching these two as well but I wonder if we'll get any movement before the GBP News
.... laughing all the way to the bank
  • #11,059
  • Mar 20, 2013 7:04am Mar 20, 2013 7:04am
Quoting realjumper
I had a fresh pot of coffee that I didn't want to spill


...... that old chestnut?
.... laughing all the way to the bank
  • #11,060
  • Mar 20, 2013 7:05am Mar 20, 2013 7:05am
I'll be fast asleep, but the big market mover could be the FOMC in about 6 hours from now.....it often is worth a look at
Doing what you like is Freedom. Liking what you do is Happiness.
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