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Genesis Matrix Trading

  • #12,521
  • Apr 30, 2013 8:54am Apr 30, 2013 8:54am
Quoting realjumper
{quote} Interesting story Marty.....we took different routes but end up min the same place!!
Yes, but you have your Ducati, and I still look at photos of them
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,522
  • Apr 30, 2013 8:54am Apr 30, 2013 8:54am
Quoting Martyfish
{quote} Nothing really, EJ just popped off S1 beautifully
Hmmm I notice that the Swissy and the Euro are the strongest currencies as we speak....hmmmm...SNB.......hmmmmmmm!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,523
  • Apr 30, 2013 8:57am Apr 30, 2013 8:57am
Quoting realjumper
{quote} Hmmm I notice that the Swissy and the Euro are the strongest currencies as we speak....hmmmm...SNB.......hmmmmmmm!!
... whats SNB again?
.... laughing all the way to the bank
  • #12,524
  • Apr 30, 2013 8:59am Apr 30, 2013 8:59am
Quoting itsallover
{quote} ... whats SNB again?
Swiss National Bank
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,525
  • Apr 30, 2013 9:01am Apr 30, 2013 9:01am
Quoting realjumper
{quote} Swiss National Bank

.... but of course... what else would it be ... lol....
.... laughing all the way to the bank
  • #12,526
  • Apr 30, 2013 9:05am Apr 30, 2013 9:05am
Quoting itsallover
{quote} .... but of course... what else would it be ... lol....
Have a look at your CSM and you'll see the Swissy right at the top, with the Euro right behind......I wonder why that is????
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,527
  • Apr 30, 2013 9:09am Apr 30, 2013 9:09am
Quoting realjumper
{quote} Have a look at your CSM and you'll see the Swissy right at the top, with the Euro right behind......I wonder why that is????
Dont care who is doing it, just get in there !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,528
  • Apr 30, 2013 9:15am Apr 30, 2013 9:15am
Quoting realjumper
{quote} Have a look at your CSM and you'll see the Swissy right at the top, with the Euro right behind......I wonder why that is????



... I smell a rat .... lol
.... laughing all the way to the bank
  • #12,529
  • Apr 30, 2013 9:15am Apr 30, 2013 9:15am
Quoting Martyfish
{quote} Dont care who is doing it, just get in there !!
For sure....but I want to know....lol.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,530
  • Apr 30, 2013 9:16am Apr 30, 2013 9:16am
Quoting itsallover
{quote} ... I smell a rat .... lol
Yeah....hiding inside a cuckoo clock I dare say.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,531
  • Apr 30, 2013 9:20am Apr 30, 2013 9:20am
Damn I missed all that action. Kept waiting for a retrace at the pivot leves or something to indicate a reentry, but it just blew right past 3 of them
  • #12,532
  • Apr 30, 2013 9:27am Apr 30, 2013 9:27am
Quoting realjumper
{quote} Yeah....hiding inside a cuckoo clock I dare say.......

.... that never tells the right time....
.... laughing all the way to the bank
  • #12,533
  • Apr 30, 2013 9:31am Apr 30, 2013 9:31am
Quoting Zerrox
Damn I missed all that action. Kept waiting for a retrace at the pivot leves or something to indicate a reentry, but it just blew right past 3 of them
I think this rally is bullshit. EU has rallied 100 pips now, based on what? I would be very careful about getting into this now......I do small a rat and I would think that whoever is doing this will be taking profits at some stage and the rally will die. Also, many countries have a bank holiday for May1st so the market will be very thin, then there's the ECB rate coming up......or is this rally because the rate news is leaking out???..........No matter what.....follow the system but be careful....this rally is not normal....imo.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,534
  • Apr 30, 2013 9:48am Apr 30, 2013 9:48am
Actually i'm rather 'happy' about not getting in, as the initial signals i got just before it took off didn't quite meet my requirements. But it's always frustrating seeing a big move like that, and not being in it But i stuck to my trading plan and that's probably a better option in the long run. ^_^
  • #12,535
  • Apr 30, 2013 9:51am Apr 30, 2013 9:51am
Quoting Zerrox
Actually i'm rather 'happy' about not getting in, as the initial signals i got just before it took off didn't quite meet my requirements. But it's always frustrating seeing a big move like that, and not being in it But i stuck to my trading plan and that's probably a better option in the long run. ^_^
Yup...for sure

There will always be other trades, so no need to worry. It's always better to be out, wishing in.....that it is to be in, wishing out!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,536
  • Apr 30, 2013 3:08pm Apr 30, 2013 3:08pm
Quoting Martyfish
RJ, Your trading "life" history was a fascinating read. Mine, was a far more tortuous route. ...... even better one.
Thanks Marty, for sharing your story. Very inspirational.
What the mind does not know, the eyes cannot see
  • #12,537
  • May 1, 2013 1:02am May 1, 2013 1:02am
Martyfish,

I have been trolling here as a newbie and need to get some
good advice on trend changes, especially with regards to currency strength:

There seem to be two opposite schools of thought.

1. First (more popular) says look at trend in higher TFs and go with the flow.
So, if trading M5 , look at trend in higher TFs like M15, M30, H1 etc.

2. Second says, hold on... trends start changing from lower TFs and over time are
propagated into the higher TFs. So look at lower TFs- if there is a trend change, say,
from M1 to M5 to M15, then logically, there will be propagation into H1, H4 and D1.
Thus lower TFs ought to count for trading higher TFs if there is a change setting in
from lower TFs.

What do your recommend?

Regards,
Athar.



Quoting Martyfish
{quote} Dont care who is doing it, just get in there !!
  • #12,538
  • May 1, 2013 1:06am May 1, 2013 1:06am
I know it's before Frankie, but it looks good and the SL is very cheap.......
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 247 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,539
  • May 1, 2013 1:15am May 1, 2013 1:15am
Quoting padila
{quote} Thanks Marty, for sharing your story. Very inspirational.
I hope it helps in some small way, but I also know most will still go ahead and make the same mistakes.

It strange how we know what we should do, but I just want to look and see what this indicator will do, what about changing that setting. Yet most are not trained in how to test/evaluate a trading system, but yet to try anyway. Having blind faith in their own abilities/gut-instinct.

Part of my previous career was implementing computer & accounting systems, so I was specifically trained in testing systems, and I still struggled to build my own trading system.

I know that with my own strategy, the more bizarre sounding the more intrigued I would want to test it

The first couple of losses, and we want to change something, that just may help stopping me make that error. And the viscous circle begins.

And very tough to break, very tough.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,540
  • May 1, 2013 1:25am May 1, 2013 1:25am
Quoting atharmian
Martyfish, I have been trolling here as a newbie and need to get some good advice on trend changes, especially with regards to currency strength: There seem to be two opposite schools of thought. 1. First (more popular) says look at trend in higher TFs and go with the flow. So, if trading M5 , look at trend in higher TFs like M15, M30, H1 etc. 2. Second says, hold on... trends start changing from lower TFs and over time are propagated into the higher TFs. So look at lower TFs- if there is a trend change, say, from M1 to M5 to M15, then logically,...
That my friend is a fatal mistake.

Trying to catch to turn in trend (catching falling knives) is a low probability trade.

I DONT want the hero trade (as I call them) catching that change in trend. I actually have that written down, and read every morning.

I want the "meat in the middle".

There are so many pips available in a day, and I only want a small fraction, why would I want to be a hero, I am no guru trader with phenomenal trading abilities, just trying to take the MOST HPT trades I can find.

I remember the first trading course I went on, they demanded 4 TFs to allign before entering, what did I do, after 2 days and no trades - thought they were idiots, that didnt know what they were talking about. Now 4 years later, I am doing just that
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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