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Genesis Matrix Trading

  • #13,961
  • May 24, 2013 5:12am May 24, 2013 5:12am
Quoting realjumper
{quote} I think you need to take a break. Have a rest from trading and re-think your strategy and apply some logic to it. Also, re-read all the stoch information on Post #1. See the chart below.....the stoch has fallen....yet the price continues to fall. Just because the stoch has fallen that does not necessarily mean that the price is over sold...it can also mean that the bulls are very strong, so a short entry on a pullback is valid. Also, when Cody, Olivia, Wiz3003 and I worked on the 15/5 strategy, we looked first the 60 - 5 strategy developed...
I was talking about the m5 stochastic on my screenshot, it isnt falling, but has fallen. Also h1 AND m15 show a bullish run, so what you have said in the "how I trade the m5/m1" pdf should apply here, no? I figured because of that a short trade should be avoided, no? You are right, though, I need a break everything's turning to mush in my head...

I was reading olivierfx's post earlier in the genesis thread and I also read his warning about 5-60 not working in a ranging market, in which case I can switch to 5-15. it's just that trading with the hourly tf gives me the confidence to pull the trigger and allowed me to stay safe after 2 short signals today :?
Attached Image (click to enlarge)
Click to Enlarge Name: Stoch.png Size: 73 KB
  • #13,962
  • Edited 5:28am May 24, 2013 5:13am | Edited 5:28am
Quoting WDays
{quote} Kosmo, I'm adopting a m5-m60 strategy for now, and I'm looking for a setup after a h1 pullback. This trade you took, I hesitated about taking it but wasn't sure yet. Case in point, I got my m5 short signal which I ignored, now if I get a long one after, unless things have changed and price isn't making higher lows, I just might take it. It seems logical to me. {image}
I pay attention to the H1 stoch on the M15 chart and then the H4 is the ultimate confirmation of the market direction.

EDIT: No more mentioning M5-M60. Just read RJ's post, so I'd better keep quiet!
mind over matter
  • #13,963
  • May 24, 2013 5:22am May 24, 2013 5:22am
Quoting WDays
{quote} I was talking about the m5 stochastic on my screenshot, it isnt falling, but has fallen. Also h1 AND m15 show a bullish run, so what you have said in the "how I trade the m5/m1" pdf should apply here, no? I figured because of that a short trade should be avoided, no?
And in my chart, the stoch has fallen......yet the PA continues to fall another 80 pips!!!

The relationship between M1 and M5 (as in the "how I trade the m5/m1" pdf is much, much different:

M1 - M5 relationship: 5 m1 blocks = m5

M5 - M15 relationship: 3 m5 blocks = m15

M5 - H1 relationship: 12 m5 blocks = H1

Do you see the huge difference?

Between M1 and M5 there is no other TF available, so we use what we have
Between M5 and M15 there is no other TF available, so we use what we have
Between M5 and H1 we have the choice of the closest relation which is M15.....we have another choice of M30 as well.....yet you're stretching it out to H1. The relationship is getting too distant, imo.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,964
  • May 24, 2013 6:30am May 24, 2013 6:30am
This market is in a coma....lol....it might be an early night for me....we'll see but Jose is looking pretty good about now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,965
  • May 24, 2013 6:35am May 24, 2013 6:35am
Quoting realjumper
This market is in a coma....lol....it might be an early night for me....we'll see but Jose is looking pretty good about now

Lunch time in London, no? Might as well last until Monday
mind over matter
  • #13,966
  • May 24, 2013 6:41am May 24, 2013 6:41am
Quoting kosmo
{quote} Lunch time in London, no? Might as well last until Monday
I think London and NY are both on holiday on Monday Jo....sigh.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,967
  • May 24, 2013 7:30am May 24, 2013 7:30am
Quoting realjumper
{quote} I think London and NY are both on holiday on Monday Jo....sigh.....
You're right RJ. I should know that too. Ahhh... Fridays...
mind over matter
  • #13,968
  • May 24, 2013 7:34am May 24, 2013 7:34am
Quoting kosmo
{quote} You're right RJ. I should know that too. Ahhh... Fridays...
Yeah...my last trade was hours ago, although I'm tempted to short the Kiwi....we'll see.

It doesn't bode well for Monday though, unless we get a cracking Tokyo session....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,969
  • May 24, 2013 7:56am May 24, 2013 7:56am
Hello traders.

I had seen this thread back when it started but a few loses made me shy away but I understand better and have adapted the template with my own inputs.

My first live trade with this and 36.3 pips (target well chosen).
Attached Image (click to enlarge)
Click to Enlarge Name: GENESIS.png Size: 110 KB
Let it turn and find your entry.
  • #13,970
  • May 24, 2013 8:03am May 24, 2013 8:03am
Quoting realjumper
{quote} Yeah...my last trade was hours ago, although I'm tempted to short the Kiwi....we'll see. It doesn't bode well for Monday though, unless we get a cracking Tokyo session....
...which means I did right to keep away from the charts after my morning EU trade.

I don't follow the Kiwi, but it looks like it's stalled on some key support on D1. Still, M15 looks tempting for a short with PA stuck under the DP.
mind over matter
  • #13,971
  • May 24, 2013 8:08am May 24, 2013 8:08am
BREAK-EVEN

Moved to be too early that would have been 70 pips
Attached Image (click to enlarge)
Click to Enlarge Name: [EURJPY,M15]_2013-05-24_14-04-54-GENESIS.png Size: 114 KB
Let it turn and find your entry.
  • #13,972
  • May 24, 2013 8:10am May 24, 2013 8:10am
Quoting kosmo
{quote} ...which means I did right to keep away from the charts after my morning EU trade. I don't follow the Kiwi, but it looks like it's stalled on some key support on D1. Still, M15 looks tempting for a short with PA stuck under the DP.
Yup.....time is running out for me though....I don't like leaving trades open over night, and I hate leaving them open over the weekend, so unless we get some movement soon, I might have to just sit it out until Tokyo on Monday.......which will be ok....if mister market wants to be stingy, so be it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,973
  • May 24, 2013 8:13am May 24, 2013 8:13am
Quoting Intrepidpips
Hello traders. I had seen this thread back when it started but a few loses made me shy away but I understand better and have adapted the template with my own inputs. My first live trade with this and 36.3 pips (target well chosen). {image}
Hi...welcome to the mad house!!

Today is not such a great day for us, but yesterday we had a ball. Such is life. Anyway...welcome
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,974
  • May 24, 2013 8:18am May 24, 2013 8:18am
Quoting realjumper
{quote} Hi...welcome to the mad house!! Today is not such a great day for us, but yesterday we had a ball. Such is life. Anyway...welcome

Thanks for the welcome, yesterday I missed my entries.
Let it turn and find your entry.
  • #13,975
  • May 24, 2013 8:20am May 24, 2013 8:20am
Quoting Intrepidpips
{quote} Thanks for the welcome, yesterday I missed my entries.
The good thig is that the market is going anywhere......lol.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,976
  • May 24, 2013 8:25am May 24, 2013 8:25am
Just waiting, would a buy be valid anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: [EURAUD,M15]_2013-05-24_14-22-43-WAITING.png Size: 107 KB
Let it turn and find your entry.
  • #13,977
  • May 24, 2013 8:29am May 24, 2013 8:29am
Quoting realjumper
{quote} Yup.....time is running out for me though....I don't like leaving trades open over night, and I hate leaving them open over the weekend, so unless we get some movement soon, I might have to just sit it out until Tokyo on Monday.......which will be ok....if mister market wants to be stingy, so be it!!
I'm sure you want to check if Jose is not missing you

Have a great weekend, RJ!

My week closed in green, so I'm a happy girl
mind over matter
  • #13,978
  • May 24, 2013 8:30am May 24, 2013 8:30am
Quoting kosmo
{quote} My week closed in green, so I'm a happy girl
I am happy for you too, great job.
Repeat it!
  • #13,979
  • May 24, 2013 8:31am May 24, 2013 8:31am
Quoting Intrepidpips
Just waiting, would a buy be valid anyone? {image}
Your stoch settings are not standard Genesis settings ??

We use 11,3,3
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #13,980
  • May 24, 2013 8:32am May 24, 2013 8:32am
Quoting kosmo
{quote} I'm sure you want to check if Jose is not missing you Have a great weekend, RJ! My week closed in green, so I'm a happy girl
Well done Jo....that's what it's all about
Doing what you like is Freedom. Liking what you do is Happiness.
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