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Genesis Matrix Trading

  • #12,141
  • Apr 24, 2013 4:03am Apr 24, 2013 4:03am
Short trade on EA. Closed on S1
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  • #12,142
  • Apr 24, 2013 4:13am Apr 24, 2013 4:13am
Quoting JasonDeaN
Good afternoon. Great start to trade. +32 pips. {image}
I am intrigued to understand your logic.

You have Genesis arrow matrix on your chart.

And M30/M15 are both blue - and yet you sell ?? H1 arrows were also blue/green !!

Trading news is very risky, particularly counter-trend news spikes


You can tell it is counter-trend by the long lower wicks

EJ then very nicely pivoted off DP, for a nice trend trade
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,143
  • Apr 24, 2013 4:36am Apr 24, 2013 4:36am
Hi Marty.
In my opinion there is a lot of input confirmation. Just EMA 25 is close and almost broken.


Sorry I find it hard to speak their mind, I do not know much English
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #12,144
  • Apr 24, 2013 4:36am Apr 24, 2013 4:36am
Quoting Martyfish
{quote} I am intrigued to understand your logic. You have Genesis arrow matrix on your chart. And M30/M15 are both blue - and yet you sell ?? H1 arrows were also blue/green !! Trading news is very risky, particularly counter-trend news spikes You can tell it is counter-trend by the long lower wicks EJ then very nicely pivoted off DP, for a nice trend trade
Looking at that trade on my chart I see the M5 arrow was present and the Matrix was there...stochs not perfect, but not bad. The trade was certainly a counter trend trade, and not one I would have taken, but I see the reasons Jason took it.

A word to the wise Jason....taking those sorts of counter trend trades are not high probability trades, especially when they are right on top of the Daily Pivot. But you got away with it....this time
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,145
  • Apr 24, 2013 4:52am Apr 24, 2013 4:52am
RJ I correct every thing now its working properly I really thank you and the team..Time to collect Pips
  • #12,146
  • Apr 24, 2013 4:53am Apr 24, 2013 4:53am
Quoting JasonDeaN
Hi Marty. In my opinion there is a lot of input confirmation. Just EMA 25 is close and almost broken. Sorry I find it hard to speak their mind, I do not know much English {image}
I agree there are reasonable setup confirmation on M5.

Just as long you were aware at the time of entry you entering a H1/M30/M15 counter-trend news spike. Probably about as risky as you can get.

There is absolutely nothing wrong (ish) with counter-trend trades - PROVIDED - at the time of entry you are aware of it, and only expect a small profit, and a choppy trade.

Counter-trend trades very rarely breakout to turn into big winners !!

Whereas trend trades have the greater potential to turn into big winners - which after all is what we really want !!

Another point, is if you take counter-trend trades and get a nice profit, you can fool yourself into thinking they are a HPT setup, and then when PA turns back to trend, you are so busy patting yourself on the back, you miss the big trend move.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,147
  • Apr 24, 2013 4:53am Apr 24, 2013 4:53am
Quoting ngt25
RJ I correct every thing now its working properly I really thank you and the team..Time to collect Pips
What was the problem in the end?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,148
  • Apr 24, 2013 4:58am Apr 24, 2013 4:58am
Another deal +30 pips EJ
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #12,149
  • Apr 24, 2013 5:15am Apr 24, 2013 5:15am
Quoting JasonDeaN
Another deal +30 pips EJ {image}
Congrats, much better trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,150
  • Apr 24, 2013 5:31am Apr 24, 2013 5:31am
Quoting Martyfish
{quote} Congrats, much better trade !!
Thanks.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #12,151
  • Apr 24, 2013 7:13am Apr 24, 2013 7:13am
My only trade so far is EU +28
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  • #12,152
  • Apr 24, 2013 7:14am Apr 24, 2013 7:14am
Quoting nikz
My only trade so far is EU +28 {image}
What was the solution to your install problem?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,153
  • Apr 24, 2013 7:20am Apr 24, 2013 7:20am
Quoting realjumper
{quote} What was the solution to your install problem?
Hmm...I'm not sure what you mean?

Maybe you confused me with someone else?
  • #12,154
  • Apr 24, 2013 7:24am Apr 24, 2013 7:24am
Quoting nikz
{quote} Hmm...I'm not sure what you mean? Maybe you confused me with someone else?
Ah yes sorry....it was ngt25 who was having trouble....sorry
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,155
  • Apr 24, 2013 7:28am Apr 24, 2013 7:28am
Quoting realjumper
{quote} Ah yes sorry....it was ngt25 who was having trouble....sorry
No problemo
  • #12,156
  • Apr 24, 2013 7:32am Apr 24, 2013 7:32am
Very weak US durable goods ????????????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,157
  • Apr 24, 2013 7:40am Apr 24, 2013 7:40am
I hope that you will understand me. If there are errors it all translet google

I have one problem is that I can not hold the position for a long time, I close up very early, I close my position for no reason. Just the fear of losing money is always chasing me, I have a successful transaction only when I force myself to close the terminal! I do not know what to do, can you give me some advice? It really is a huge minus for me.
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #12,158
  • Apr 24, 2013 7:40am Apr 24, 2013 7:40am
Quoting Martyfish
Very weak US durable goods ????????????
Yep.....that will push the Yen crosses down for a while....then we can buy the dips again. For all the "bold action" of Abe, there is an equal and opposite "bold action" from Genesis traders.....LOL
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,159
  • Apr 24, 2013 7:47am Apr 24, 2013 7:47am
Quoting JasonDeaN
I hope that you will understand me. If there are errors it all translet google I have one problem is that I can not hold the position for a long time, I close up very early, I close my position for no reason. Just the fear of losing money is always chasing me, I have a successful transaction only when I force myself to close the terminal! I do not know what to do, can you give me some advice? It really is a huge minus for me. {image} {image}
Perhaps you are risking too much money? Perhaps you are over leveraged?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,160
  • Apr 24, 2013 7:55am Apr 24, 2013 7:55am
Quoting JasonDeaN
I hope that you will understand me. If there are errors it all translet google I have one problem is that I can not hold the position for a long time, I close up very early, I close my position for no reason. Just the fear of losing money is always chasing me, I have a successful transaction only when I force myself to close the terminal! I do not know what to do, can you give me some advice? It really is a huge minus for me. {image} {image}
You could read the book - High Probability Trading by Marcel Link, which RJ prefers. There you have a chapter explaining the consequences of premature TP's.
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