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Genesis Matrix Trading

  • #13,821
  • May 23, 2013 4:53am May 23, 2013 4:53am
Quoting Cold_W
{quote} I had the same mess in my head regarding all that trend stuff. If you you search for Marty's posts (as RJ already answered) you will find some very valuable tips if you should take a CT signal.
It's very difficult to pin a trend down to a specific TF. The reality is that trends become apparent on different TF's and if I go out on a limb and say (for example) 'I mean the H4 trend'........there's going to come a time when the H4 is ranging but there is a decent trend on the H1, and even better on M30.....so I will trade that trend, but bearing in mind that it is a relatively weak trend. As soon as I do that, someone is going to jump down my throat and say "but RJ, you siad the trend was on H4 and there is not H4 trend so WTF are you doing?"....lol.....so I'm not going out on that limb.

Trends are on many TF's...the larger the TF, the stronger the trend and the longer the trade *may* run for. I spot the trend without thinking, and so do many others here......it's just one of things that will come to everyone over time as they spend more and more hours looking at charts!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,822
  • May 23, 2013 4:54am May 23, 2013 4:54am
Quoting Cold_W
{quote} And everything else can be fixed with VODKA!
ROFL........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,823
  • May 23, 2013 4:56am May 23, 2013 4:56am
Quoting Lio46
{quote}Thank you Cold, i'll search, but at this stage i prefer trading only with trend, may be on day. By the way, what do you think about E/U short after DP rejection now? should we wait for M15 confirmation?
I'm still a newbie, so you choose the wrong person to ask
What I suggest is to look how twisted M15 stoch now, M5/M15/M30 bullish and (although not a part of M5 Genesis) H1 stoch pointing up.
  • #13,824
  • May 23, 2013 4:57am May 23, 2013 4:57am
Quoting kosmo
{quote} Thx WD. To make things worse (and make you feel better; wink wink), I had my SL already moved to BE+1 when the price stalled, so the trade was safe and a little patience would have given me double the profit I exited with. But I'm not going into the woulda shoulda coulda in order to stay sane. I'm happy with my profit! P.S. Fight Club is one of my favourite movies. Love it!
Haha nah, it doesn't make me feel better I woulda rathered you got double the profit obviously, but I can totally relate to that, I do the same - exiting prematurely when real money is at stake

Fight Club is one of my favorite movies too
  • #13,825
  • May 23, 2013 5:01am May 23, 2013 5:01am
Quoting Lio46
{quote}Thank you Cold, i'll search, but at this stage i prefer trading only with trend, may be on day. By the way, what do you think about E/U short after DP rejection now? should we wait for M15 confirmation?
Hi, I have gone short on the EUR/USD, I have been entering far too many trades today, i seem to have missed the besties..!!

Please forgive the writing on the screen, these are for my own records, makes the screen look a bit messy but it helps me to keep track of things.ta

Attached Image (click to enlarge)
Click to Enlarge Name: 23 MAY.png Size: 249 KB
  • #13,826
  • May 23, 2013 5:03am May 23, 2013 5:03am
Jeepers, thank Genesis I waited m15 stoch out instead of taking a short on GU after what seemed to be a rejection of DP... That could have been hazardous! GU and EU seem to be behaving the same way today, I might take trades on both later on, IF there is a setup with NY open momentum...
Attached Image (click to enlarge)
Click to Enlarge Name: gu stoch.jpg Size: 92 KB
  • #13,827
  • May 23, 2013 5:04am May 23, 2013 5:04am
Quoting WDays
{quote} Haha nah, it doesn't make me feel better I woulda rathered you got double the profit obviously, but I can totally relate to that, I do the same - exiting prematurely when real money is at stake Fight Club is one of my favorite movies too
A good way to cure that is to have an EA or script manage the trade for you. Ohammond posted a good one a while back that follows behind the last bull candle in a buy and last bear candle in a sell. I set it to move to breakeven at a certain amount of pips as well as setting a take profit. Works perfectly for leaving it alone.
  • #13,828
  • May 23, 2013 5:04am May 23, 2013 5:04am
Quoting sio bel
{quote} Hi, I have gone short on the EUR/USD, I have been entering far too many trades today, i seem to have missed the besties..!! Please forgive the writing on the screen, these are for my own records, makes the screen look a bit messy but it helps me to keep track of things.ta {image}
Why did you put your SL so close?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,829
  • May 23, 2013 5:06am May 23, 2013 5:06am
Quoting lastingwell
{quote}A good way to cure that is to have an EA or script manage the trade for you. Ohammond posted a good one a while back that follows behind the last bull candle in a buy and last bear candle in a sell. I set it to move to breakeven at a certain amount of pips as well as setting a take profit. Works perfectly for leaving it alone.
Yes she did....that's right. If you know where that post is can you let me know please? Perhaps I could link to it from Post #1.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,830
  • May 23, 2013 5:10am May 23, 2013 5:10am
Quoting lastingwell
{quote}A good way to cure that is to have an EA or script manage the trade for you. Ohammond posted a good one a while back that follows behind the last bull candle in a buy and last bear candle in a sell. I set it to move to breakeven at a certain amount of pips as well as setting a take profit. Works perfectly for leaving it alone.
I have no experience with EAs and I dread the day where I close an account because I set it up all wrong But I guess it's a good thing to have, and I'll gladly test it out on demo if I find it.
  • #13,831
  • Edited 5:28am May 23, 2013 5:15am | Edited 5:28am
Quoting realjumper
{quote} Why did you put your SL so close?
thanks for looking at my chart, I put the S/L at the top of the recent candles, it is 10 pips away from the entry,

would you say that I am too close, what would you have done on this trade,

I am grateful for your advice, thanks,
  • #13,832
  • May 23, 2013 5:17am May 23, 2013 5:17am
Quoting realjumper
{quote} Yes she did....that's right. If you know where that post is can you let me know please? Perhaps I could link to it from Post #1.
Just did a search of her posts and she posted it in the symphonie thread but this is what she said:

Well that was quick, got his permission to put both files out in ex4. The functions.ex4 goes into metraderfolder/experts/libraries and the ea goes into the metatraderfolder/experts.

Allow live trading and dll, it has my settings in there at the moment, although it does have a setting for taking half off when moving to breakeven that doesn't work very well so its set to 0 and I wouldn't recommend using it. Other than that it works perfectly.

Try it on demo first and you will get to know what it does. Note: It will only start moving behind the candle if it leaves you in profit not otherwise, but you can change that if you want to.
and these are the attachments.
Attached File(s)
File Type: ex4 FXGuru_TradeManager-BETPC2.ex4   40 KB | 670 downloads
File Type: ex4 FXGuru_Functions.ex4   119 KB | 694 downloads
  • #13,833
  • May 23, 2013 5:24am May 23, 2013 5:24am
Quoting sio bel
{quote} thanks for looking at my chart, I put the S/L at the top of the recent candles, it is 10 pips away from the entry, would you say that I am too close, what would you have done on this trade, ?? I am grateful for your advice, thanks,
The PA has tested the Daily Pivot 5 times.....the pivot has held but the price might test it a 6th time, and if it does, your SL will get hit. Personally I'd put it at least 10 pips above the pivot.......at least if the pivot gets tested again your SL will be safe.

It's not so much a matter of hiding behind the nearest tree in the forest, it's more a matter of hiding behind the biggest tree in the forest!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,834
  • May 23, 2013 5:25am May 23, 2013 5:25am
Quoting lastingwell
{quote}Just did a search of her posts and she posted it in the symphonie thread but this is what she said: Well that was quick, got his permission to put both files out in ex4. The functions.ex4 goes into metraderfolder/experts/libraries and the ea goes into the metatraderfolder/experts. Allow live trading and dll, it has my settings in there at the moment, although it does have a setting for taking half off when moving to breakeven that doesn't work very well so its set to 0 and I wouldn't recommend using it. Other than that it works perfectly....
Thanks.....I'll have a close look at this tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,835
  • May 23, 2013 5:30am May 23, 2013 5:30am
Quoting realjumper
{quote} Thanks.....I'll have a close look at this tomorrow
I use it all the time, its great! I vary the move to breakeven input depending on currency/swings etc and set a 100 pip take profit when on M15. The only time I intervene is if I see a good signal the other way but by that time its usually taken the trade out anyway.
  • #13,836
  • May 23, 2013 5:32am May 23, 2013 5:32am
Quoting realjumper
{quote} The PA has tested the Daily Pivot 5 times.....the pivot has held but the price might test it a 6th time, and if it does, your SL will get hit. Personally I'd put it at least 10 pips above the pivot.......at least if the pivot gets tested again your SL will be safe. It's not so much a matter of hiding behind the nearest tree in the forest, it's more a matter of hiding behind the biggest tree in the forest!!
Thanks for the advice,, very true about the big tree/candle.

I think I have lost my nerve a bit today, I have missed the good ones and traded the losers...!!!

My stop has been hit and I have gone in short again,

Livin and learning....Cheers
  • #13,837
  • May 23, 2013 5:33am May 23, 2013 5:33am
Quoting lastingwell
{quote}I use it all the time, its great! I vary the move to breakeven input depending on currency/swings etc and set a 100 pip take profit when on M15. The only time I intervene is if I see a good signal the other way but by that time its usually taken the trade out anyway.
That sounds good....can I make you the 'point person' to answer any questions about it if people ask, after I post it to Post #1?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,838
  • May 23, 2013 5:42am May 23, 2013 5:42am
I think I'm not going to attempt anything else today, constant retests of DP on EU/GU, might end up breaking, lack of momentum and I have no idea what's going on, better to not trade than f@#k up I guess...

Good luck to you all, stay green!
  • #13,839
  • May 23, 2013 5:50am May 23, 2013 5:50am
Quoting realjumper
{quote} That sounds good....can I make you the 'point person' to answer any questions about it if people ask, after I post it to Post #1?

That will be ok dont mind at all Ive been using it quite a while now.
  • #13,840
  • May 23, 2013 5:54am May 23, 2013 5:54am
Quoting lastingwell
{quote} That will be ok dont mind at all Ive been using it quite a while now.
That would be great....thanks for your help. I'll set it up tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
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