Genesis Matrix Trading

Quoting MKFXTrader

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Current E/J trade. Currently up 60+ pips. SL set to BE. {image}

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Quoting padila

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{quote} Once again, excellent trades MK! Just for my learning, can I ask about this EJ H1 ASCTrend? The H1 was showing downtrend at the point of entry. I suppose, the fact that other time frames were showing uptrend and the overall Day/Week being strongly up went into the consideration? Also, on the hourly chart, the deep pullback was more obvious.

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Quoting MKFXTrader

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Already closed Gold position out for 40 pips. All three trades today were all positives and "HPT". All in line with the tide and wave. Will post results of the two open trades later.

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Quoting MKFXTrader

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Hello guys. Just caught up on all post since yesterday evening. I have seen a couple of posters with not such successful trades, even though they THINK they are trading with the higher TF trend. You must realize that after yesterday's very bearish run on most pairs, there would have needed to be some kind of a retrace. The retraces can be best evaluated using the hourly TF stochastics. Once Stochastics reaches it retrace extremes OB/OS, then IMO, one can start looking for trade setups again using the lower TF(per genesis rules) to pull the trigger...

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Quoting monocor

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{quote} What is the connection with m5 time frame. Weekly and Daily time frame and opening position with H1 it does make sense. But you are talking about position trading. When you hold trade for weeks or may moths. You need a pretty big account and other aspects.Using H1 and H4 for 5 minute chart does make sense. Following the short time trend. What you are doing is scalping. I didn't see that you have been holding trades for at least a couple of days.

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Quoting MKFXTrader

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{quote} I am NOT talking about position trading, as you have seen I close all my positions same day. What I am describing is trading that allows for high probability trades. Who is to say that my trading style can only be done as a position trader. You have never heard me mention anything of the sort, as I do NOT hold positions overnight and do NOT like EVER being in drawdown. I have a hard SL and TP targets on all my trades, and it has been posted here a few times. My TP targets allow me to have rewards to risk of at least 2-1. Sometimes 3 or 4...

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Quoting MKFXTrader

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{quote} Great question. Although the hourly ASC had not flipped green, hourly stochs was pointing up (at a 1 or 2 O'Clock angle) and just came out of O/S conditions, thus it was in line with the prevailing trend(HTF). Remember I said ripple+wave+tide=HPT. Can't always wait for all the MTF's to line up because you are triggering on the 5min TF while hourly candle is still open. 30min TF already flipped green so it's good enough for me. Hope that answers.

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Quoting MKFXTrader

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An example of a trade I have open(U/J) that isn't going anywhere and I may close out for a small loss. All conditions were met that would be consider a HPT but it's been going sideways. One thing that can be said is if a HPT goes against you, the loss is kept to a minimal as the prevailing short term and long term trend is in agreement. {image}

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Quoting Fame of me

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I am still smiling but now i want to show my last Trade from EJ. First we take a look an H1:{image} And now to M5:{image} 294 Pips i got from this awesome set up. Thanks Genesis, Thanks Market

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Quoting lastingwell

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{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....

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Quoting MKFXTrader

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An example of a trade I have open(U/J) that isn't going anywhere and I may close out for a small loss. All conditions were met that would be consider a HPT but it's been going sideways. One thing that can be said is if a HPT goes against you, the loss is kept to a minimal but often times it just goes sideways, as the prevailing short term and long term trend is in agreement. {image}

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Quoting MKFXTrader

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One more HPT on Crude +50pips. Never in draw down. {image}

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Quoting MKFXTrader

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{quote} Update on U/J. PA still holding near entry. {image}

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Quoting MKFXTrader

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{quote} OK. I'm out of the U/J trade. Doesn't look like it's going much of anywhere and it's getting ridiculous. All positions are closed and done for the day. U/J loss -10 pips. Overall 5 trades- 4 winners =180 pips for the day. Another successful day. Thank you Mr Market and Genesis. {image}

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Quoting padila

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{quote} Well done!

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Quoting MKFXTrader

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{quote} OK. I'm out of the U/J trade. Doesn't look like it's going much of anywhere and it's getting ridiculous. All positions are closed and done for the day. U/J loss -10 pips. Overall 5 trades- 4 winners =180 pips for the day. Another successful day. Thank you Mr Market and Genesis. {image}

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Quoting MKFXTrader

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{quote} Thanks padila. Genesis been killing it this week. Lost count of how many pips.

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Quoting MKFXTrader

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{quote} Thanks padila. Genesis been killing it this week. Lost count of how many pips.

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