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Genesis Matrix Trading

  • #12,381
  • Apr 26, 2013 4:31am Apr 26, 2013 4:31am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting kosmo
{quote} Great idea, Jamz! Getting better at spotting good setups still doesn't stop me from falling pray to the illusion of trying to convince myself that what I see is a HPT when in fact it's not. More visual training should be the right answer I guess...
I need it because when I look now at EJ M15 and see where I'm trying to do trades......what a waste of time! Of course, it really looks like a Sell but is it? Stoch is pointing down, mixed matrix, MAs apart.... I have looked back so many times to see where the trade went that I thought of a visual reminder that might help me and stop me taking trades --- well, loosers to put it bluntly. I think I get some mental image of where I think price will go which if I could really do that! YaY!.....but I can't....RJ called it being mesmerised by price....he is away writing his book now i guess.....
I hope I stick to my guns and await a setup I recognise before trading again....every trade is unique but still, patterns repeat themselves.
  • #12,382
  • Apr 26, 2013 4:40am Apr 26, 2013 4:40am
Quoting oprad
{quote} So far but there were some pips to take ^^ well A/U hit S1
Missed by 2 pips on my chart (s1 - 1.0261)
  • #12,383
  • Apr 26, 2013 4:51am Apr 26, 2013 4:51am
I'm in:
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 42 KB
Don't give up
  • #12,384
  • Apr 26, 2013 4:56am Apr 26, 2013 4:56am
Quoting geomink
I'm in: {image}
hmm.. too near Weakly R1 for me i think...
  • #12,385
  • Apr 26, 2013 5:06am Apr 26, 2013 5:06am
Quoting kjuk3mb3rt
Please, how can i determine if i am really ready to real account?? because i think that i am but what if im not..any advice? thx
That's not a question for this thread. This thread is about trading with our system as it clearly states in Post #1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,386
  • Apr 26, 2013 5:06am Apr 26, 2013 5:06am
Quoting Jamz
{quote} Thanks CW my computer skills in Paint ...
Jamz, i think it is really good idea to make this kind of screenshots, print it and remember forever. But...
i think that much better is hide/erase part of chart after signal candle. It is much natural because when we watch live chart we cant see future candles.As we all know it is so easy to spot good setups in becktesting but much harder in live trading.

My chart is the same as yours first from the left side.
Is it a good sell setup? Stochs are OK, M15 arrow is red. But i am not sure that H1 arrow was red at time of taking the trade and trend was up for sure. Is it HPT?
Attached Image (click to enlarge)
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  • #12,387
  • Apr 26, 2013 5:07am Apr 26, 2013 5:07am
Quoting kjuk3mb3rt
Please, how can i determine if i am really ready to real account?? because i think that i am but what if im not..any advice? thx
The answer is easy, you will lose money.
  • #12,388
  • Apr 26, 2013 5:11am Apr 26, 2013 5:11am
Quoting Fame of me
{quote} The answer is easy, you will lose money.
Yup...that's a certainty!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,389
  • Apr 26, 2013 5:14am Apr 26, 2013 5:14am
Quoting Jamz
{quote} I need it because when I look now at EJ M15 and see where I'm trying to do trades......what a waste of time! Of course, it really looks like a Sell but is it? Stoch is pointing down, mixed matrix, MAs apart.... I have looked back so many times to see where the trade went that I thought of a visual reminder that might help me and stop me taking trades --- well, loosers to put it bluntly. I think I get some mental image of where I think price will go which if I could really do that! YaY!.....but I can't....RJ called it being mesmerised...
Mesmerised...That's a perfect way to describe it!

And the funny thing is that HPTs are not really so difficult to spot. They just don't happen every 5 minutes, and that's where the trap is for me.
mind over matter
  • #12,390
  • Apr 26, 2013 5:43am Apr 26, 2013 5:43am
Quoting Jamz
{quote} Thanks CW my computer skills in Paint have now doubled but this is a start. They are all M15 EJ and I ask myself why isn't my account as big as....or how obvious they look but I missed them or got caught in chop trying to enter or maybe exited with only 25 pips etc, etc. M15 may slow you down a little on entry but keep you in for longer...I usually have a black background so the charts look a bit weird and forget spaghetti knitting it is only and RSI which doesn't show up on my charts. {image}
What settings do you have for your slow MA on M15?
  • #12,391
  • Apr 26, 2013 5:55am Apr 26, 2013 5:55am
Quoting realjumper
{quote} That's not a question for this thread. This thread is about trading with our system as it clearly states in Post #1
I am sorry RJ I spy symphonie and then this forum long time...and that was the only question which i do not have clear...and thank you and GMTS crew for whole work.. nice job..
  • #12,392
  • Apr 26, 2013 6:40am Apr 26, 2013 6:40am
Long entry. The only thing i am worry about is M5 stoch level. Lets see
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  • #12,393
  • Apr 26, 2013 6:44am Apr 26, 2013 6:44am
Quoting kjuk3mb3rt
{quote} I am sorry RJ I spy symphonie and then this forum long time...and that was the only question which i do not have clear...and thank you and GMTS crew for whole work.. nice job..
That's ok.....we need to be a little strict to keep the thread focused on it's job.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,394
  • Apr 26, 2013 6:50am Apr 26, 2013 6:50am
Quoting kosmo
{quote} Mesmerised...That's a perfect way to describe it! And the funny thing is that HPTs are not really so difficult to spot. They just don't happen every 5 minutes, and that's where the trap is for me.
Indeed they don't, and it is a trap that requires some discipline to avoid. The HPT's will come, usually at least once a day per pair, if not more. But sometimes they don't come at all. Those are the days when we make nothing.....but more importantly, we lose nothing. Entering trades that do not meet our criteria in every way may work, but they may fail......I'm not here to gamble! The best chance of having a winning trade is to wait for the perfect setup, and then enter....anything less than perfect is for someone else...but not me! If there is a holy grail in trading, it is simply.....Patience!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,395
  • Apr 26, 2013 7:02am Apr 26, 2013 7:02am
Quoting realjumper
...If there is a holy grail in trading, it is simply.....Patience!!
That, and a $99 robot called "just-gimme-your-money"..
  • #12,396
  • Apr 26, 2013 7:23am Apr 26, 2013 7:23am
Quoting geomink
I'm in: {image}
sl@be
Don't give up
  • #12,397
  • Apr 26, 2013 7:24am Apr 26, 2013 7:24am
Quoting kosmo
EU's rejecting the Asian resistance. Let's see if it can break the bottom of the range and then 1.3000...
Good call...but closed the trade way too early, didn't let it breathe as RJ'd put it
mind over matter
  • #12,398
  • Apr 26, 2013 7:25am Apr 26, 2013 7:25am
Quoting geomink
{quote} sl@be


USA news in 5 minutes.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,399
  • Apr 26, 2013 7:39am Apr 26, 2013 7:39am
Quoting realjumper
{quote} Indeed they don't, and it is a trap that requires some discipline to avoid. The HPT's will come, usually at least once a day per pair, if not more. But sometimes they don't come at all. Those are the days when we make nothing.....but more importantly, we lose nothing. Entering trades that do not meet our criteria in every way may work, but they may fail......I'm not here to gamble! The best chance of having a winning trade is to wait for the perfect setup, and then enter....anything less than perfect is for someone else...but not me! If...
And this shall be printed and framed. Thank you RJ!

Actually, it might be a good idea to get some more frames
mind over matter
  • #12,400
  • Apr 26, 2013 7:44am Apr 26, 2013 7:44am
Quoting kosmo
{quote} And this shall be printed and framed. Thank you RJ! Actually, it might be a good idea to get some more frames
The analogy I use most often is....

I sit under the forex tree with my hands cupped and outstretched ready to catch any fruit that falls from the tree. This fruit is mine to keep. But if I get greedy or impatient and I climb the tree to steal the fruit from the branches, the chances of me falling from the tree and getting hurt are great. So I sit here and wait to see if the forex tree will drop some fruit into my waiting hands! The End!
Doing what you like is Freedom. Liking what you do is Happiness.
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