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Genesis Matrix Trading

  • #15,321
  • Jun 24, 2013 2:15am Jun 24, 2013 2:15am
Hello Great Genesis Family,
Trades at red vertical lines look great setups,with each trade giving more than 30 pips.
EJ 5M chart, lower matrix is ASCTrend 3TF (5,15,30), Middle one is 3 stochs (5,15,1hour).
Attached Image
  • #15,322
  • Jun 24, 2013 2:23am Jun 24, 2013 2:23am
Quoting Skat
Hello Great Genesis Family, Trades at red vertical lines look great setups,with each trade giving more than 30 pips. {image}

And this currency pair would be???..... .....Ahhhh....EJ...I see it in your text now....sorry...my bad!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,323
  • Jun 24, 2013 2:27am Jun 24, 2013 2:27am
Nice trade
  • #15,324
  • Jun 24, 2013 2:29am Jun 24, 2013 2:29am
Quoting realjumper
{quote} And this currency pair would be???.....
Sorry RJ forgot to mention earlier, its EJ 5M chart.Just edited and mentioned pair on above post.
  • #15,325
  • Jun 24, 2013 2:32am Jun 24, 2013 2:32am
Quoting Skat
{quote} Sorry RJ forgot to mention earlier, its EJ 5M chart.Just edited and mentioned pair on above post.
Yeah I see in your text...thanks.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,326
  • Jun 24, 2013 2:38am Jun 24, 2013 2:38am
And my bad-beat just keeps going and going...

downtrend - check
matrix - check
m5 arrow - check
m5 stoch - check
m15 stoch - at the time, check
below RN - check

target: DS1

trade failed nevertheless.

Just when I thought euro had finally gone back to its original rhythm...

So how is your day going?
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.jpg Size: 307 KB
  • #15,327
  • Jun 24, 2013 2:42am Jun 24, 2013 2:42am
Quoting WDays
And my bad-beat just keeps going and going... downtrend - check matrix - check m5 arrow - check m5 stoch - check m15 stoch - at the time, check below RN - check target: DS1 trade failed nevertheless. Just when I thought euro had finally gone back to its original rhythm... So how is your day going? {image}

..... that's the thing with OB/OS stochs.... you never know when they decide to change direction
.... laughing all the way to the bank
  • #15,328
  • Jun 24, 2013 2:42am Jun 24, 2013 2:42am
Quoting WDays
And my bad-beat just keeps going and going... downtrend - check matrix - check m5 arrow - check m5 stoch - check m15 stoch - at the time, check below RN - check target: DS1 trade failed nevertheless. Just when I thought euro had finally gone back to its original rhythm... So how is your day going? {image}
Yeah...EU is choppy today. Your entry was fair enough, nothing wrong with it. Can't win them all though! My M15 EU is still alive, but it's like a cat with nine lives......and they're running out quite quickly!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,329
  • Jun 24, 2013 2:43am Jun 24, 2013 2:43am
Quoting itsallover
{quote} ..... that's the thing with OB/OS stochs.... you never know when they decide to change direction
Or any other indicator.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,330
  • Jun 24, 2013 2:44am Jun 24, 2013 2:44am
Quoting itsallover
{quote} ..... that's the thing with OB/OS stochs.... you never know when they decide to change direction

.... and I'm talking about the 1 Hr stoch......
.... laughing all the way to the bank
  • #15,331
  • Jun 24, 2013 2:45am Jun 24, 2013 2:45am
Quoting realjumper
{quote} Yeah...EU is choppy today. Your entry was fair enough, nothing wrong with it. Can't win them all though! My M15 EU is still alive, but it's like a cat with nine lives......and they're running out quite quickly!
I am also going to try m15 out, I find I need to change something about the way I trade because obviously it is not working so far... Tweaked my lot size so I keep myself in good trades, going to ditch eu because quite frankly I'm tired of market turning against me each and every time I enter a trade on EU... and finally I'll stop taking trades in the middle of pivot levels... I'll look for rejection/break of pivot levels to enter. Dunno how good an idea that is, but I REALLY think something's got to change.
  • #15,332
  • Jun 24, 2013 2:51am Jun 24, 2013 2:51am
Quoting WDays
{quote} I am also going to try m15 out, I find I need to change something about the way I trade because obviously it is not working so far... Tweaked my lot size so I keep myself in good trades, going to ditch eu because quite frankly I'm tired of market turning against me each and every time I enter a trade on EU... and finally I'll stop taking trades in the middle of pivot levels... I'll look for rejection/break of pivot levels to enter. Dunno how good an idea that is, but I REALLY think something's got to change.
Apart from a couple of minor runs...one up and one down, EU has been persistently range bound since April. It's a pain in the ass pair imo because the fundamentals don't match the price.....it's bullshit and I also don't like trading it at the moment. I took the M15 trade today as part of my 4 week test to try to make the test as unbiased as possible.....although I have withdrawn GU and CJ from my list for the time being.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,333
  • Jun 24, 2013 2:52am Jun 24, 2013 2:52am
Quoting realjumper
{quote} Or any other indicator.......
..... all things being equal ... yes....
.... laughing all the way to the bank
  • #15,334
  • Jun 24, 2013 2:53am Jun 24, 2013 2:53am
German Ifo Business Climate in about 6 minutes......that will either make or break my trade.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,335
  • Jun 24, 2013 3:02am Jun 24, 2013 3:02am
Quoting realjumper
German Ifo Business Climate in about 6 minutes......that will either make or break my trade.
Break!!.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,336
  • Jun 24, 2013 3:04am Jun 24, 2013 3:04am
Quoting realjumper
{quote} Break!!.......
Join the club
  • #15,337
  • Jun 24, 2013 3:06am Jun 24, 2013 3:06am
Quoting WDays
{quote} Join the club
Yup. On to the next one.....there's no more news really....I wonder if this is going to be a really crappy Monday. I think coffee is need before anything else....yeah....coffee...that's what I need
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,338
  • Jun 24, 2013 3:15am Jun 24, 2013 3:15am
Hi all, can i know how do you guy avoid the false trading? Is it we have to screen through by using the H1 (trend e.g. above pivot point, then we only enter for long @ 5 mins chart and not go for short unless it is below pivot point?)thank you..
  • #15,339
  • Jun 24, 2013 3:19am Jun 24, 2013 3:19am
Quoting Gold Miner
Hi all, can i know how do you guy avoid the false trading? Is it we have to screen through by using the H1 (trend e.g. above pivot point, then we only enter for long @ 5 mins chart and not go for short unless it is below pivot point?)thank you..
Some of us use an H1 stoch, others a 60 SMA (no shorts above and no longs below)... some (me) use m15 arrows to filter trades (e.g. normally I won't enter short if I dont have an arrow pointing down on m15).
  • #15,340
  • Jun 24, 2013 3:24am Jun 24, 2013 3:24am
Quoting realjumper
{quote} Break!!.......
I moved to M15 a week ago, but I prefer H1 stoch (although I keep M30 in the ASCTrend), I'm used to the 1:4 ratio for the two stochs. I didn't enter that trade because of the previous bounces around the 1.3100 round number while H1 stochs were getting slowly out of the OS zone.

Edit: Regular bullish divergence according to Divergence Cheat Sheet??
Good judgement comes from experience, experience comes from poor judgement
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