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Genesis Matrix Trading

  • #14,941
  • Jun 14, 2013 11:02am Jun 14, 2013 11:02am
Quoting itsallover
{quote} WD, Well come join us because there's more green pips on this side
Yeah I dunno about that, it just messes with my head I'm okay with just looking at m5/m15 stoch to enter a trade, it works out almost always... I'll try to post a screenshot of the couple of setups (matrix+stoch only) that I'm looking for this weekend, maybe benefit from some criticism from you guys I hope I'm not in denial here, but it's like I said... If I stuck to my trades long enough instead of just jumping away like I was sitting on lava, I'd be waaay more profitable
  • #14,942
  • Jun 14, 2013 11:15am Jun 14, 2013 11:15am
Quoting flash4
{quote} TP hit perhaps i set it too close?
targeting the next support is a good way to go,
you also could have let the trade run and protected the trade.
if you search a bit you will find a few posts talking on how to do that

"no one ever went broke taking profit" realjumper
  • #14,943
  • Jun 14, 2013 11:39am Jun 14, 2013 11:39am
Quoting WDays
{quote} Yeah I dunno about that, it just messes with my head I'm okay with just looking at m5/m15 stoch to enter a trade, it works out almost always... I'll try to post a screenshot of the couple of setups (matrix+stoch only) that I'm looking for this weekend, maybe benefit from some criticism from you guys I hope I'm not in denial here, but it's like I said... If I stuck to my trades long enough instead of just jumping away like I was sitting on lava, I'd be waaay more profitable
... and Xaphod has made it sooo easy for you to have the 1Hr stoch on your preferred timeframe chart .... you even have a choice... tape or the normal mtf stoch
.... laughing all the way to the bank
  • #14,944
  • Jun 14, 2013 12:05pm Jun 14, 2013 12:05pm
Quoting WDays
{quote} {quote}{quote} Oh, bro I feel your pain Just train your "trading psyche" and you'll get there... With Wiz's permission, I can post what he sent me and I find helpful. Also read RJ's post a few pages back, which should really help you pull the trigger.
Sorry WD it isn't mine and due to copyrights I can't allow.
You control how you trade; the market controls how and when you'll get paid
  • #14,945
  • Jun 14, 2013 12:31pm Jun 14, 2013 12:31pm
Quoting itsallover
{quote} ... and Xaphod has made it sooo easy for you to have the 1Hr stoch on your preferred timeframe chart .... you even have a choice... tape or the normal mtf stoch
That really is a stroke of genius. It has transformed the way I look for entries.
What the mind does not know, the eyes cannot see
  • #14,946
  • Jun 14, 2013 12:34pm Jun 14, 2013 12:34pm
Quoting padila
{quote} That really is a stroke of genius. It has transformed the way I look for entries.


... yes it is. Couldn't trade without these tools
.... laughing all the way to the bank
  • #14,947
  • Jun 14, 2013 1:57pm Jun 14, 2013 1:57pm
Martyfish,

I searched but couldn't find your chart.
Are you trading the 5 minute chart or the 15 minute chart?
Are you using:
Your moving average's.
The MTF stochastic set on 1 hour.
The ASTC 4 trend matrix.
Would you post a picture of your chart?

Thanks for all your help

snarlyjack
  • #14,948
  • Edited 6:24pm Jun 14, 2013 6:07pm | Edited 6:24pm
Quoting itsallover
{quote} ... and Xaphod has made it sooo easy for you to have the 1Hr stoch on your preferred timeframe chart .... you even have a choice... tape or the normal mtf stoch
I have a H1 chart open at all times to keep the HTF trend in mind, I have a stochastic on it as well as arrows and a matrix. I barely need to use it, though. I do use it when I'm re-entering in an on-going trend!

Quoting wiz3003
{quote} Sorry WD it isn't mine and due to copyrights I can't allow.
I understand
  • #14,949
  • Jun 14, 2013 6:58pm Jun 14, 2013 6:58pm
Quoting WDays
{quote} {quote} I know about you guys and the hourly stoch But yeah not saying one shouldn't, I'm just saying that I don't use it
I don't either. I do have a look at the H1, and H4 charts once or twice during the day, and if there is a decent trend I will not trade against it....but I don't watch the H1 stoch. Like you, I am more interested in the M5 and m15 stochs for entry, and if trading with the trend, everything will be ok.

Like Marty says though, we all have our own ways of doing it.............
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,950
  • Jun 15, 2013 5:43pm Jun 15, 2013 5:43pm
"Somewhere deep down inside the European Union's leaders must know how foolish they are with their constant proclamations that the worst of the crisis is over and that growth will return any moment now." ................. Amen to that!!!

zerohedge.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,951
  • Jun 15, 2013 9:25pm Jun 15, 2013 9:25pm
Quoting realjumper
"Somewhere deep down inside the European Union's leaders must know how foolish they are with their constant proclamations that the worst of the crisis is over and that growth will return any moment now." ................. Amen to that!!! zerohedge.com
Shooting up like a rocket ... crazy stuff.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #14,952
  • Jun 16, 2013 12:46am Jun 16, 2013 12:46am
Quoting antantnz
{quote} Shooting up like a rocket ... crazy stuff.
Yup....but if it's trade-able.....hell.....I'll trade it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,953
  • Jun 16, 2013 5:14pm Jun 16, 2013 5:14pm
It seems fed will be watched closely this week, doesn't it? Maybe we could see a (temporary maybe?) come back to regular trading hours? I'm watching markets asia to 2-3 hours after LO today, then sleeping throughout the rest of the day. Would love to see some direction...
  • #14,954
  • Jun 16, 2013 5:26pm Jun 16, 2013 5:26pm
Helllooooooooooo and welcome to a new trading week.

Saw a opportunity on EJ, was a CT trade and closed them with 31pips
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 6 KB
  • #14,955
  • Edited 9:20pm Jun 16, 2013 5:44pm | Edited 9:20pm
Quoting Fame of me
Helllooooooooooo and welcome to a new trading week. Saw a opportunity on EJ, was a CT trade and closed them with 31pips {image}
Pretty ballsy! Good for you! I'm waiting for a possible rejection of 126.00 now...

edit: horrible time to trade imo
  • #14,956
  • Jun 16, 2013 11:14pm Jun 16, 2013 11:14pm
Hello Everyone ..Just took this CT trade on 5M EJ .. Hoping to get some pips out of this setup.
Attached Image
  • #14,957
  • Jun 16, 2013 11:23pm Jun 16, 2013 11:23pm
short
GBP/NZD
EUR/NZD
GBP/AUD

Long
NZD/USD
AUD/USD

Soon I will post my system. Turned $5000 to $22,000 in 7 weeks live account.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm-h1-ibfx-inc.png Size: 62 KB
You will learn the most from your losing Trades
  • #14,958
  • Jun 16, 2013 11:24pm Jun 16, 2013 11:24pm
Quoting Skat
Hello Everyone ..Just took this CT trade on 5M EJ .. Hoping to get some pips out of this setup. {image}
That's right under the Daily Pivot....very risky move.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,959
  • Jun 16, 2013 11:48pm Jun 16, 2013 11:48pm
Quoting Skat
Hello Everyone ..Just took this CT trade on 5M EJ .. Hoping to get some pips out of this setup. {image}
Check your pivots too because they don't look right to me....what I have my chart is only 2 pips difference to actionforex.......
Attached Image (click to enlarge)
Click to Enlarge Name: pivots.jpg Size: 347 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,960
  • Jun 17, 2013 12:19am Jun 17, 2013 12:19am
Hi, all. I've been reading here for a while (up to page 207) and just wanted to post one before I hit the sack. The best trading time for me is Asia so it's a little harder I think, but here is my EJ trade. (Also spent most of the time reading Emotion Free Trading, thanks RJ.) I saw the previous resistance (small brown line) and was waiting to see if price would break through and find support AND give time for the M15 Stoch to pull down, which it FINALLY did, and I was planning to take this trade for 2 hours, which is something I have never done before, but usually worried about missing trades. Maybe the book helped; visualizing success. When the setup finally came I took it and started trailing the SL until price hit this recent high and moved to BE. I could have taken profit for 1:1 at that point but I was at BE so no worries. Price did hit my BE and has given a sell signal but with the same S&R right below (and my bedtime), I won't be taking that one. (Yes, my pivots are different because the broker is GMT +0; commenting to RJ's last post.) The nice thing was learning to wait for the trade and not get panicked. I see there were other setups with some profit on different pairs but I'm just focusing on one unless nothing is happening there, until I am more comfortable. I have added the bottom Stoch because a previous RJ post showed similarity to the M15 stoch (but I set it to 33,9,9 which is 3x 11,3,3 right?) and it's nearly identical, because I tried backtesting using ST (and editing the weekend spread thanks to another poster, sorry forgot who) but the M15 stoch won't work correctly in ST and that seems to be a very important part for picking higher probability trades.

Thanks everyone who has contributed here and my friend who has helped me alot.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m5-finfx-trading-oy.png Size: 49 KB
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