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Genesis Matrix Trading

  • #13,461
  • May 17, 2013 2:59am May 17, 2013 2:59am
Quoting JasonDeaN
You advise not to trade against the trend (D1), but there are very big trends. How to be here? {image}
I did not say Day trend is the only trend to look for. I clarify again, I am in the learning phase and my quest is for a method of analysing the dominant trend. It is still not clear to me how to define "dominant trend", in which time frame. My simplistic view is that if there is a strong trend in H1, H4, not to against the trend. If there is "ranging" going on in H1, H4, to take small trades based on M15, on M5 time frame or not to trade at all. If there a well defined longer time frame trend, then to wait for a set up in smaller time frame to enter, like on a pull back as Marty said yesterday.

These are a few questions going on in my mind, but I did not want to ask on this forum since this is not a platform to discuss "how to trade". I was hesitating to ask such basic questions. I am writing only because I saw Geomink's post.
What the mind does not know, the eyes cannot see
  • #13,462
  • May 17, 2013 3:05am May 17, 2013 3:05am
Quoting realjumper
{quote} Please don't post charts with extra indicators on them.....this is quite clear in Post #1 and the issue has been revisited as recently as this week.
Edited.. thanks
  • #13,463
  • May 17, 2013 3:14am May 17, 2013 3:14am
Quoting pundit78
{quote} Edited.. thanks
Thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,464
  • May 17, 2013 3:17am May 17, 2013 3:17am
Closed GU -25 pips.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,465
  • May 17, 2013 3:25am May 17, 2013 3:25am
Quoting JasonDeaN
Closed GU -25 pips.
G/U was in oversold territory on the hourly when you entered the short. You needed to have waited for a retrace if you wanted to trade with the higher TF trend. Unless you're just taking every scalp trade for a few pips, but then you should get out quickly. Just my op.
  • #13,466
  • May 17, 2013 3:27am May 17, 2013 3:27am
Quoting MKFXTrader
{quote} G/U was in oversold territory on the hourly when you entered the short. You needed to have waited for a retrace if you wanted to trade with the higher TF trend. Unless you're just taking every scalp trade for a few pips, but then you should get out quickly. Just my op.
Okay. Thank you. I will follow this value.
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,467
  • May 17, 2013 3:28am May 17, 2013 3:28am
Oil trades

I took the long trade indicated when price broke out of the range it was in - it made it to yesterday's high +30pips.

There were 2 earlier trades good for +20 each but both were before LO.
Attached Image (click to enlarge)
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  • #13,468
  • May 17, 2013 3:31am May 17, 2013 3:31am
Quoting niktrad
Oil trades I took the long trade indicated when price broke out of the range it was in - it made it to yesterday's high +30pips. There were 2 earlier trades good for +20 each but both were before LO. {image}
I'm in on the crude trades as well. Congrats.
  • #13,469
  • May 17, 2013 3:44am May 17, 2013 3:44am
I am reading this thread and I had 2 trades today +10 and +15 pips. Can you check if I am correct. First one M5 and M15 arrow, 123 move, stoch is looking up, not in the right place, but up. TP Pivot. Second one Divergence stoch, and going from OS, M15 is turning up, we have HH and HL, TP previous resistance
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #13,470
  • May 17, 2013 3:44am May 17, 2013 3:44am
Quoting niktrad
Oil trades I took the long trade indicated when price broke out of the range it was in - it made it to yesterday's high +30pips. There were 2 earlier trades good for +20 each but both were before LO. {image}
you trade only oil?
Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,471
  • May 17, 2013 3:57am May 17, 2013 3:57am
Quoting niktrad
Oil trades I took the long trade indicated when price broke out of the range it was in - it made it to yesterday's high +30pips. There were 2 earlier trades good for +20 each but both were before LO. {image}
My crude chart. Good for +30.
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  • #13,472
  • May 17, 2013 4:18am May 17, 2013 4:18am
Quoting JasonDeaN
{quote} you trade only oil?
I have oil + 5 forex charts on my screen. Oil looked like the best trade at the time.
  • #13,473
  • May 17, 2013 4:35am May 17, 2013 4:35am
One more trade for today. I think I followed all the rules. I am not sure, If I did some thing wrong please correct me. Trade +12 pips. +37 pips for first day with a system, with my daily target for 20 pips, It is pretty good results.

Price refused to go hire Pivot 2 times. M15 and M5 stoch is going down from OB, No arrows but I got an arrow on the next candle. SL Above previous swing. TP in previous support.
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #13,474
  • May 17, 2013 5:01am May 17, 2013 5:01am
Quoting monocor
One more trade for today. I think I followed all the rules. I am not sure, If I did some thing wrong please correct me. Trade +12 pips. +37 pips for first day with a system, with my daily target for 20 pips, It is pretty good results. Price refused to go hire Pivot 2 times. M15 and M5 stoch is going down from OB, No arrows but I got an arrow on the next candle. SL Above previous swing. TP in previous support. {image}
Sorry, Monocor, which pair is this?
What the mind does not know, the eyes cannot see
  • #13,475
  • May 17, 2013 5:03am May 17, 2013 5:03am
Quoting padila
{quote} Sorry, Monocor, which pair is this?
EU
Even though I walk through the darkest valley, I will fear no evil
  • #13,476
  • May 17, 2013 5:34am May 17, 2013 5:34am
Did you guys see how the dollar started strengthening 5 minutes before the Canadian high impact fundies were released? Goes to show that market makers have the info before they are even released to the public. Just trade the signals and don't even pay attention to the news. Price action shows the way and most often the move is done when the news hits the wire. That's my op.
  • #13,477
  • May 17, 2013 5:36am May 17, 2013 5:36am
Quoting monocor
{quote} EU
nice trade.

GU +30 pips
Attached Image (click to enlarge)
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Do not be afraid to make mistakes, be afraid to repeat them.
  • #13,478
  • May 17, 2013 5:38am May 17, 2013 5:38am
E/U short good for +30 pips. Taken 5 minutes before Canadian fundie release.
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  • #13,479
  • May 17, 2013 5:43am May 17, 2013 5:43am
+50 pips gold.
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  • #13,480
  • May 17, 2013 5:47am May 17, 2013 5:47am
Quoting MKFXTrader
+50 pips gold. {image}
good trade, how much you spread on gold?
Do not be afraid to make mistakes, be afraid to repeat them.
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