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Genesis Matrix Trading

  • #12,581
  • May 1, 2013 4:05am May 1, 2013 4:05am
Quoting Jamz
{quote} Just because I missed the EJ trade there is no excuse to get me started about beautiful smelling compost heaps as they are probably off topic. Although it is just really useful to follow RJ through that trade and see how to move stoploss, TP etc. Both Jason and RJ entered on the correct candle after the Genesis arrow appeared - matrix already hinting at green for go. I have a rule not to chase price so seeing entry had passed tried re-entry on demo with some success but not how I'd like it to go live. Now it is knocking along R1 Not overtrading...

....good on you Jamz.... stick to your rules....

you know that compost around the bank ..... how do we get in....?
.... laughing all the way to the bank
  • #12,582
  • May 1, 2013 4:06am May 1, 2013 4:06am
Quoting Cold_W
And GU takes off without me. Anybody took it?
Really strong GU signal, pre-news, took a lower risked trade
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,583
  • May 1, 2013 4:07am May 1, 2013 4:07am
Quoting realjumper
SL to +50 as target 2 achieved
Closed manually at +55.....looks like R1 is going to hold for now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,584
  • Edited 9:42am May 1, 2013 4:10am | Edited 9:42am
Quoting Loy
Hi all, I discovered this system in another thread and I think it's a really rock! After reading and lurked so long, this is my first post here Thanks a lot to all managers and contributors in this thread. I'm posting a thread I took earlier. Now I'm out @ BE, but price seems to refall in the right direction. There was something wrong in your opinion? Something I could have managed in different and best way? Any comment would be really appreciated. Thank you very much {image}
reentered
  • #12,585
  • May 1, 2013 4:10am May 1, 2013 4:10am
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,...
Quite an interesting question. I think RJ and Marty make very important and valid points, considerably benefiting especially newer traders. I have an alternative view of the matter personally. I surmise its not really where youre looking at (HTF or LTF) that matters; but how you think about and employ the information youre seeing. I came about this a bit of a while ago by studying the work of two ForexFactory Greats (at least to me), speaking specifically about 'magnumfreak' and 'spudfyre'. During the weekend, if youve got the will and opportunity, look up these threads:

http://www.forexfactory.com/showthread.php?t=192455

http://www.forexfactory.com/showthread.php?t=119483

Both of these gentlemen have trading paradigms that work from LTFs upward very very successfully. I prefer not to distract from the flow of this thread so we'll leave the specifics to your sense of discovery.

On a general note, I would advise newer traders especially to stick with Genesis; its the most logically structured and disciplined trading system I've found on FF. If you want a system that will give you the skills for thorough evidence-based decision making in the markets then Genesis is it, you WILL learn how to trade using what you have here, if you stick to it.

By the way, my hats off to you RJ..and everyone who has made Genesis what it is. (special thanks to Xaphod for 'jerking the slack out of my conceptual chain' year ago)
  • #12,586
  • May 1, 2013 4:13am May 1, 2013 4:13am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
{quote} ....good on you Jamz.... stick to your rules.... you know that compost around the bank ..... how do we get in....?

First, you become a gardener.....no, no, I was imagining RJ's Genesis team meeting coming off the cruise ship, laptops at the ready, and the Bankers trying to protect themselves with a security compost heap, especially the SNB ..... can a cruise ship get close to there? Geography not my cup of tea.
  • #12,587
  • May 1, 2013 4:16am May 1, 2013 4:16am
Quoting Martyfish
{quote} Really strong GU signal, pre-news, took a lower risked trade
Marty, sorry for being so muddle-headed... I didn't understand if you took it or not.
  • #12,588
  • May 1, 2013 4:19am May 1, 2013 4:19am
Quoting Loy
{quote} great!! That was the same trade as for EUr/Usd Why did you prefer Eu/Jpy? Cause off the daily pivot?

Yes RJ, It would be interesting to know why you picked EJ over EU. Initially I went with EU and then jumped ship and went with EJ.
.... laughing all the way to the bank
  • #12,589
  • May 1, 2013 4:23am May 1, 2013 4:23am
Quoting Jamz
{quote} First, you become a gardener.....no, no, I was imagining RJ's Genesis team meeting coming off the cruise ship, laptops at the ready, and the Bankers trying to protect themselves with a security compost heap, especially the SNB ..... can a cruise ship get close to there? Geography not my cup of tea.


.... genius.... ....I even now know what SNB means so I know exactly what you mean....
.... laughing all the way to the bank
  • #12,590
  • May 1, 2013 4:25am May 1, 2013 4:25am
Quoting itsallover
{quote} Yes RJ, It would be interesting to know why you picked EJ over EU. Initially I went with EU and then jumped ship and went with EJ.
Because the Yen is the big mover lately.....and the Yen crosses pay better
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,591
  • Edited 4:40am May 1, 2013 4:27am | Edited 4:40am
Quoting Martyfish
{quote} Really strong GU signal, pre-news, took a lower risked trade
when the matrix alignes, M5 and M15 were red
if I have understood well, this was not a trade to take
am I wrong with it?
Don't give up
  • #12,592
  • May 1, 2013 4:27am May 1, 2013 4:27am
Quoting Loy
{quote} great!! That was the same trade as for EUr/Usd Why did you prefer Eu/Jpy? Cause off the daily pivot?
Yep...the Daily Pivot was certainly a major reason that got my attention, but also because the Yen is being weakened by Abe's 'bold action' so the Yen crosses have been moving quite well this year....and the Yen crosses pay better than the EU pair
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,593
  • May 1, 2013 4:37am May 1, 2013 4:37am
Quoting geomink
{quote} when the matrix alignes, M5 and M15 are red if I have understood well, this was not a trade to take am I wrong with it?
Look at the H1/M15 MA and stoch setup
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,594
  • May 1, 2013 4:41am May 1, 2013 4:41am
Quoting Martyfish
{quote} Look at the H1/M15 MA and stoch setup
so, did you take the long side against M5 and M15 arrow?
just a bit confused, sorry
Don't give up
  • #12,595
  • May 1, 2013 4:44am May 1, 2013 4:44am
Quoting realjumper
{quote} Yep...the Daily Pivot was certainly a major reason that got my attention, but also because the Yen is being weakened by Abe's 'bold action' so the Yen crosses have been moving quite well this year....and the Yen crosses pay better than the EU pair
Don't give up
  • #12,596
  • May 1, 2013 4:48am May 1, 2013 4:48am
Quoting geomink
{quote} so, did you take the long side against M5 and M15 arrow? just a bit confused, sorry

.... well if he did... he must have his reasons.... Marty trades the news so he may have knowledge that will help him make his decisions which others may not have.
.... laughing all the way to the bank
  • #12,597
  • May 1, 2013 4:54am May 1, 2013 4:54am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Martyfish
{quote} Look at the H1/M15 MA and stoch setup
When you look at the H1 chart, the GBP is in an uptrend, the MAs are coming together, an hour arrow appears, it is calling out BUY. Just IMHO of course and now that I've had a look in retrospect..... I seem to be seeing evrything afterwards lately but one night I will see it just right!
  • #12,598
  • May 1, 2013 5:01am May 1, 2013 5:01am
Quoting Jamz
{quote} When you look at the H1 chart, the GBP is in an uptrend, the MAs are coming together, an hour arrow appears, it is calling out BUY. Just IMHO of course and now that I've had a look in retrospect..... I seem to be seeing evrything afterwards lately but one night I will see it just right!
... I missed that trade.... it happened quite fast ... I'll be ready next time...
.... laughing all the way to the bank
  • #12,599
  • May 1, 2013 5:01am May 1, 2013 5:01am
Quoting realjumper
{quote} Yep...the Daily Pivot was certainly a major reason that got my attention, but also because the Yen is being weakened by Abe's 'bold action' so the Yen crosses have been moving quite well this year....and the Yen crosses pay better than the EU pair
I see
thank you
  • #12,600
  • May 1, 2013 5:01am May 1, 2013 5:01am
Quoting geomink
{quote} so, did you take the long side against M5 and M15 arrow? just a bit confused, sorry
geomink,

You tell me ?

Looking at the H1/M15 MAs and stochs as at 9:00 candles, then the M5 9:20 candle that was with H4/H1 arrows & H4/H1/M30/M15 MAs

GU regularly creates M15/M5 fakeouts pre-news, this one also was an M30 fake-out
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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