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Genesis Matrix Trading

  • #11,301
  • Mar 26, 2013 4:52am Mar 26, 2013 4:52am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
Seems like you got out just in time
I would have liked price to keep running to RJ. Seems like EJ can't make it's mind up tonight and loves that 121 spot.
  • #11,302
  • Mar 26, 2013 5:01am Mar 26, 2013 5:01am
Quoting Jamz
I would have liked price to keep running to RJ. Seems like EJ can't make it's mind up tonight and loves that 121 spot.
None of the pairs I watch seem to know what they want to do today
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,303
  • Mar 26, 2013 5:44am Mar 26, 2013 5:44am
That will do for now. I don't want to get hurt in this choppy market
Attached Image (click to enlarge)
Click to Enlarge Name: 26scalp.jpg Size: 43 KB
mind over matter
  • #11,304
  • Mar 26, 2013 5:59am Mar 26, 2013 5:59am
Quoting kosmo
That will do for now. I don't want to get hurt in this choppy market
Well done.
What the mind does not know, the eyes cannot see
  • #11,305
  • Mar 26, 2013 6:06am Mar 26, 2013 6:06am
Quoting kosmo
That will do for now. I don't want to get hurt in this choppy market
Well done Jo
.... laughing all the way to the bank
  • #11,306
  • Mar 26, 2013 6:23am Mar 26, 2013 6:23am
Quoting kosmo
That will do for now. I don't want to get hurt in this choppy market
It's true Jo...sometimes it's better to stay out. There will be plenty of traders getting whipsawed out of their funds today.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,307
  • Mar 26, 2013 6:33am Mar 26, 2013 6:33am
Quoting padila
Well done.
Quoting itsallover
Well done Jo

Thank you
mind over matter
  • #11,308
  • Mar 26, 2013 6:36am Mar 26, 2013 6:36am
Quoting realjumper
It's true Jo...sometimes it's better to stay out. There will be plenty of traders getting whipsawed out of their funds today.....
Yes, even scalping for just 4 pips can be very tricky with such PA. I'm actually tempted to practise on M1 for better entries.
mind over matter
  • #11,309
  • Mar 26, 2013 6:43am Mar 26, 2013 6:43am
Quoting kosmo
Yes, even scalping for just 4 pips can be very tricky with such PA. I'm actually tempted to practise on M1 for better entries.
M1 trading can be very intense, and you have to make quick decisions, but it can be done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,310
  • Mar 26, 2013 7:33am Mar 26, 2013 7:33am
Shorted EJ on its second bounce off DP for 20 pips. Going to stop.
What the mind does not know, the eyes cannot see
  • #11,311
  • Mar 26, 2013 7:34am Mar 26, 2013 7:34am
Quoting kosmo
Yes, even scalping for just 4 pips can be very tricky with such PA. I'm actually tempted to practise on M1 for better entries.
Please keep us posted how you get on.
What the mind does not know, the eyes cannot see
  • #11,312
  • Mar 26, 2013 8:13am Mar 26, 2013 8:13am
Quoting realjumper
M1 trading can be very intense, and you have to make quick decisions, but it can be done
...and it might be an exciting option for trading tight ranges. Ok, on with the challenge then
mind over matter
  • #11,313
  • Mar 26, 2013 8:14am Mar 26, 2013 8:14am
Quoting padila
Please keep us posted how you get on.
mind over matter
  • #11,314
  • Mar 26, 2013 4:37pm Mar 26, 2013 4:37pm
Quoting realjumper
Impossible to say of course, and we're not here to try and predict, but I wonder if the Kiwi will go for a re-test of the trendline....which will coincide with the round number of 84
Getting closer now......this might be interesting.....
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 259 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,315
  • Mar 26, 2013 7:34pm Mar 26, 2013 7:34pm
Hi,

I have a question about one of my entries yesterday on EURUSD. The first one (marked with letter A) was profitable, the second (marked with letter B) was a loss. Meanwhile on both trades I identified stochastic H1, M15 and M5 all went down also HA bar below MA, Genesis matrix are all red.

Please comment about my entries, and is there anyway to avoid that point B trade?

thank you
-dreamcatcher-
Attached Image
  • #11,316
  • Mar 26, 2013 7:59pm Mar 26, 2013 7:59pm
Dreamcatcher, probably you weren't wrong. The market were wrong.... Better avoid it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,317
  • Mar 27, 2013 12:46am Mar 27, 2013 12:46am
Quoting dreamcatcher
Hi,

I have a question about one of my entries yesterday on EURUSD. The first one (marked with letter A) was profitable, the second (marked with letter B) was a loss. Meanwhile on both trades I identified stochastic H1, M15 and M5 all went down also HA bar below MA, Genesis matrix are all red.

Please comment about my entries, and is there anyway to avoid that point B trade?

thank you
-dreamcatcher-
Your second trade was against the direction of the MTF 15 Arrows.....which is something I prefer not to do.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,318
  • Mar 27, 2013 1:34am Mar 27, 2013 1:34am
Quoting realjumper
Your second trade was against the direction of the MTF 15 Arrows.....which is something I prefer not to do.
Hi RJ,
thank you for your comment.. sometimes I analyze things too complex meanwhile that M15 arrow have been explained on your PDF.
practice again today.. yesterday I made my profit become a loss.... hopefully I can learn to be consistent then will use real account.

Since reading this thread, I became aware about the high probability trade. Previously I would take any available setup trades which give me some good result with more bad results. I really want to take only those with high probability trade to eliminate that loss trades... Any tips/suggestions would be appreciated..

heispark: thank you for your comment also.... I am still struggling with understanding when the market is good/bad to trade.

regards
-dreamcatcher-
  • #11,319
  • Mar 27, 2013 1:39am Mar 27, 2013 1:39am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting dreamcatcher
Hi RJ,
thank you for your comment.. sometimes I analyze things too complex meanwhile that M15 arrow have been explained on your PDF.
practice again today.. yesterday I made my profit become a loss.... hopefully I can learn to be consistent then will use real account

regards
-dreamcatcher-
Yes you're on the right track - slowly eliminate the errors by recognizing the market takes time - it is quite hard to explain that the market was choppy yesterday but you see the sell after London and then it goes back up so just maybe that second sell doesn't quite ring true? maybe? but we never know for sure.....staying out protects your capital for another trade.....slowly your analysis becomes clearer and not so complex....
  • #11,320
  • Mar 27, 2013 1:39am Mar 27, 2013 1:39am
Quoting dreamcatcher
Hi,

I have a question about one of my entries yesterday on EURUSD. The first one (marked with letter A) was profitable, the second (marked with letter B) was a loss. Meanwhile on both trades I identified stochastic H1, M15 and M5 all went down also HA bar below MA, Genesis matrix are all red.

Please comment about my entries, and is there anyway to avoid that point B trade?

thank you
-dreamcatcher-
Hi D/C

I am by no means an expert here, but the thing which caught my eye immediately was the 15min stoch window. It looks like you have an extra ma there and that shows you why you should not have taken the second trade. It probably would have looked slightly different at the time of your trade, but you cannot just jump into every matrix signal as if it were a green "GO" sign/light. Hope this helps.

Good trading, everybody.

Pete
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