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Genesis Matrix Trading

  • #12,601
  • May 1, 2013 5:05am May 1, 2013 5:05am
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!

Jamz,
Do you know what can help you spot the move early next time? ....no.... not a gas mask ... lol... I'm using the pipware chart indie and as I have limited space I've got the 1 Hr chart with the normal MAs and then the 15 min chart on the corner with a 60 MA. When I see something I like I pull out the proper template.
.... laughing all the way to the bank
  • #12,602
  • May 1, 2013 5:10am May 1, 2013 5:10am
geomink, dont make things complicated.
you will make easier money with the simple way.

i have prepare a chart for you.

you see i have recalculate my stoch, i use just 8-3-3 instead of 11-3-3 it works for me better.
so, i change it to 24-9-9, the reason is, i dont like mtf indicators

for newbies there is a easy rule, over the DP just long under just short, easy? yeah it is.
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  • #12,603
  • May 1, 2013 5:15am May 1, 2013 5:15am
Quoting Fame of me
there is a easy rule, over the DP just long under just short, easy? yeah it is.
That is an 'old school' rule that still works to this day.....it might limit some trades, but it is a good practice to be in, especially for new traders
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,604
  • May 1, 2013 5:17am May 1, 2013 5:17am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting itsallover
{quote} Jamz, Do you know what can help you spot the move early next time? ....no.... not a gas mask ... lol... I'm using the pipware chart indie and as I have limited space I've got the 1 Hr chart with the normal MAs and then the 15 min chart on the corner with a 60 MA. When I see something I like I pull out the proper template.
OK Itsallover, I will check out that indie, much as I need another one, but I'll have a look. I don't usually trade GBP but just had a look like Marty suggested so it did look good on the H1. I didn't have the pivots up so don't know if that made a difference.

Enough, plant those pumkin seeds!

Thanks Fame for your earlier comment about "don't trade in no-man's land" -- that one has stuck in my mind and been very helpful.
  • #12,605
  • May 1, 2013 5:22am May 1, 2013 5:22am
Quoting geomink
{quote}
Plus all the recent economic news on UK has been turning up, so if my HTF charts are indicating a buy, then I am expecting more goods news.

BUT, inexperienced traders should steer clear of news events !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,606
  • May 1, 2013 5:23am May 1, 2013 5:23am
Quoting Jamz
{quote} OK Itsallover, I will check out that indie, much as I need another one, but I'll have a look. I don't usually trade GBP but just had a look like Marty suggested so it did look good on the H1. I didn't have the pivots up so don't know if that made a difference. Enough, plant those pumkin seeds! Thanks Fame for your earlier comment about "don't trade in no-man's land" -- that one has stuck in my mind and been very helpful.
So here's what you end up with.
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.... laughing all the way to the bank
  • #12,607
  • May 1, 2013 5:24am May 1, 2013 5:24am
Quoting Martyfish
BUT, inexperienced traders should steer clear of news events !!
And GU itself...imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,608
  • May 1, 2013 5:30am May 1, 2013 5:30am
Quoting realjumper
{quote} And GU itself...imo
And that is not bad advice either
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,609
  • May 1, 2013 5:52am May 1, 2013 5:52am
Quoting realjumper
{quote} That is an 'old school' rule that still works to this day.....it might limit some trades, but it is a good practice to be in, especially for new traders
The oldies are usually the best
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,610
  • May 1, 2013 5:55am May 1, 2013 5:55am
Quoting Martyfish
{quote} The oldies are usually the best
Yeah...it was Acumen (Mike) who taught me that rule.....he would only take longs if the PA was above the DP, and vice-versa. His win:loss rate was pretty good.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,611
  • May 1, 2013 6:06am May 1, 2013 6:06am
Quoting atharmian
Marty, Thanks. So its best to stay away from trend changes. But then how does one judge a trend continuation from change? Just hope that the 3-4 TF alignment continues? Athar. {quote}
Hi atharmian,

I agree with Marty ... higher TFs plus S/R are the satellite to have the big picture.
Here a little help to answer your question (http://www.forexfactory.com/showthre...63#post6553463) ... remember nobody can forecast where is the end of a trend; the best it is following the market despite of fundamental and any kind of bias.
If you learn reading the charts then price will tell you what it is doing ;-)
You control how you trade; the market controls how and when you'll get paid
  • #12,612
  • May 1, 2013 7:13am May 1, 2013 7:13am
ADP Non-Farm Employment Change.......2 minutes
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,613
  • May 1, 2013 7:18am May 1, 2013 7:18am
Quoting realjumper
ADP Non-Farm Employment Change.......2 minutes
154k expected.......119k actual.....lol.....missed by the proverbial country mile....oops!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,614
  • May 1, 2013 7:53am May 1, 2013 7:53am
Quoting realjumper
{quote} 154k expected.......119k actual.....lol.....missed by the proverbial country mile....oops!!
Not sure what is going on in the US economy, everyone wants to be bullish, but data is just yo-yoing ?????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,615
  • May 1, 2013 8:00am May 1, 2013 8:00am
Quoting Martyfish
{quote} Not sure what is going on in the US economy, everyone wants to be bullish, but data is just yo-yoing ?????
Well, for a long time I have wondered about these 'expected' numbers. How open to manipulation are they? We know when the 'actual' misses the target it can drive the price quite a long way.....it has been know to be 'the last straw' which turns a trend (in the case of a badly missed NFP). So having influence over those 'expected' numbers would be a very useful tool, would it not?..........sniff...sniff.....is that a rat I smell?......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,616
  • May 1, 2013 8:21am May 1, 2013 8:21am
Quoting realjumper
{quote} Well, for a long time I have wondered about these 'expected' numbers. How open to manipulation are they? We know when the 'actual' misses the target it can drive the price quite a long way.....it has been know to be 'the last straw' which turns a trend (in the case of a badly missed NFP). So having influence over those 'expected' numbers would be a very useful tool, would it not?..........sniff...sniff.....is that a rat I smell?......
Mate,

You need some kind of super-rat catcher !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,617
  • May 1, 2013 8:30am May 1, 2013 8:30am
Quoting Martyfish
{quote} Mate, You need some kind of super-rat catcher !!
I'll put it on the list....right after I get the Monster
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,618
  • May 1, 2013 8:43am May 1, 2013 8:43am
Quoting realjumper
{quote} I'll put it on the list....right after I get the Monster



Wish there was a smiley for envious, but you know what I mean !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #12,619
  • May 1, 2013 9:42am May 1, 2013 9:42am
trying to become a "genesis killer"
but I think the way is long yet........
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  • #12,620
  • May 1, 2013 9:49am May 1, 2013 9:49am
Quoting Martyfish
RJ, Your trading "life" history was a fascinating read. Mine, was a far more tortuous route... So here I am at the end of an incredible journey, but at the start of an even better one.
Marty, thank you for sharing your story.

It seems to have involved more of a psychological struggle than RJ's, but it's equally motivating. You are an example to follow in overcoming one's misconceptions about trading.
mind over matter
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