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Genesis Matrix Trading

  • #13,301
  • May 14, 2013 7:00pm May 14, 2013 7:00pm
How wrong, my time 3:00
Attached Image
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,302
  • May 14, 2013 7:02pm May 14, 2013 7:02pm
Quoting JasonDeaN
How wrong, my time 3:00 {image}
Tokyo opened 1 minute ago....and that's a fact!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,303
  • May 14, 2013 7:06pm May 14, 2013 7:06pm
Thanks, I'll correct time
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,304
  • May 14, 2013 7:08pm May 14, 2013 7:08pm
Quoting JasonDeaN
Thanks, I'll correct time
If you look at the bottom of the homepage here (www.forexfactory.com) you can see in real time which markets are open or closed. If you put your cursor on the markets you will see the correct times *provided* that you set the clock on the homepage to match your own local time
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,305
  • May 14, 2013 7:10pm May 14, 2013 7:10pm
Quoting realjumper
{quote} If you look at the bottom of the homepage here (www.forexfactory.com) you can see in real time which markets are open or closed. If you put your cursor on the markets you will see the correct times *provided* that you set the clock on the homepage to match your own local time
It turns out I have been trading for a month with the wrong settings

Close buy.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,306
  • May 14, 2013 7:12pm May 14, 2013 7:12pm
Quoting JasonDeaN
{quote} It turns out I have been trading for a month with the wrong settings Close buy.
Ok...so you got it right now!

Pity you closed that trade because it might have worked out seeing as the pivot was right there. Never mind.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,307
  • May 14, 2013 7:14pm May 14, 2013 7:14pm
Quoting realjumper
{quote} Some days are like that. I didn't have a good day either. Not because there weren't any good set ups, just that I was 'out of tune' with the market for some reason. No big deal though, a sleep and shower and bit of outside exercise will soon sort that out! Any of the indicators that come from Xaphod, ASCTrend included, are good indicators and are complimentary to the system. I use many of Xaphods indies, but I don't show them on the charts I post because I want to keep my posts clean for the newcomers to the thread etc. You may feel more...
RJ, what indicators are you using? than this time your system differs from the initial?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,308
  • May 14, 2013 7:16pm May 14, 2013 7:16pm
Quoting JasonDeaN
{quote} RJ, what indicators are you using? than this time your system differs from the initial?
ASCTrend Matrix 4TF
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,309
  • May 14, 2013 7:18pm May 14, 2013 7:18pm
Quoting realjumper
{quote} ASCTrend Matrix 4TF
and you'll be enough?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,310
  • May 14, 2013 7:21pm May 14, 2013 7:21pm
Sorry if I ask a lot of questions, I just really important to know your opinion and how you trade.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,311
  • May 14, 2013 7:21pm May 14, 2013 7:21pm
Quoting JasonDeaN
{quote} and you'll be enough?
It is in addition to the other tools we use....the genesis Matrix, stochastics m5 and m15 etc etc etc
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,312
  • May 14, 2013 7:22pm May 14, 2013 7:22pm
Quoting JasonDeaN
Sorry if I ask a lot of questions, I just really important to know your opinion and how you trade.
It's ok, but you just need to read my posts, especially the ones with charts and you will see how I trade. I try to post live trades when I get time, but it's not always possible when the market gets busy.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,313
  • May 14, 2013 7:22pm May 14, 2013 7:22pm
Quoting realjumper
{quote} It is in addition to the other tools we use....the genesis Matrix, stochastics m5 and m15 etc etc etc
You wait until ASCTrend will be the same color all 4 TF?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,314
  • May 14, 2013 7:24pm May 14, 2013 7:24pm
Quoting JasonDeaN
{quote} You wait until ASCTrend will be the same color all 4 TF?
No...but it gives me an over view of the market to bear in mind. of course if (say) the M5 is bullish and the other 3 are bearish, it's unlikely that I'll enter a long trade
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,315
  • May 14, 2013 7:28pm May 14, 2013 7:28pm
Maybe that's my problem. I walk almost always at the very end of the trend. I'm waiting for ASCTrend be all one color.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,316
  • May 14, 2013 7:40pm May 14, 2013 7:40pm
Quoting realjumper
... a sleep and shower and bit of outside exercise will soon sort that out!
More and more I realize that both mental and physical health are very important factors to win the trade.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #13,317
  • May 14, 2013 7:42pm May 14, 2013 7:42pm
Quoting JasonDeaN
Maybe that's my problem. I walk almost always at the very end of the trend. I'm waiting for ASCTrend be all one color.
If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite....BUT.....I will be well aware that the larger TF trend (M30 and H1) are opposite, so I know that this trade may not be a big one, and that I should consider exiting in profit at the next pivot, round number or whatever. If I am lucky enough to enter a trade where all 4 ASCTrend TF's agree, and the MAtrix, stoch etc also agree, then the trade may turn into a decent runner and instead of exiting at the next pivot, round number etc, I will move my SL up into (more) profit and look to see if the PA is going to move on to the next pivot etc etc.

It's just a matter of experience, but, as I said a while back, all you need to do right now is to get consistent. 20 pips per day is great start. 20 pips per day compounding (as per the spreadsheet on Post #1) is still a very good earn over 6 months. There;'s no need to look for 'home runs' every time you sit down to trade. 4 trades of 5 pips = 20 pips.

Anyway, I hope that helps.....I'm off to do some chores.....back for Frankie
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,318
  • May 14, 2013 7:42pm May 14, 2013 7:42pm
Quoting heispark
{quote} More and more I realize that both mental and physical health are very important factors to win the trade.....
Yes indeed....healthy mind, body and soul!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,319
  • May 14, 2013 7:44pm May 14, 2013 7:44pm
Quoting heispark
{quote} More and more I realize that both mental and physical health are very important factors to win the trade.....
Totally agree with you. I have for example a big problem at the moment, is that I open the transaction earlier than necessary.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,320
  • May 14, 2013 7:49pm May 14, 2013 7:49pm
Quoting realjumper
{quote} If I have the M5 and M15 agree with each other, and our other indicators (Matrix, stochs etc) also agree, then I will take the trade. even if the M30 and H1 ASCTrend say opposite....BUT.....I will be well aware that the larger TF trend (M30 and H1) are opposite, so I know that this trade may not be a big one, and that I should consider exiting in profit at the next pivot, round number or whatever. If I am lucky enough to enter a trade where all 4 ASCTrend TF's agree, and the MAtrix, stoch etc also agree, then the trade may turn into a decent...
Thank you very much for the advice.
Do not be afraid to make mistakes, be afraid to repeat them.
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