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Genesis Matrix Trading

  • #15,501
  • Jun 25, 2013 2:15am Jun 25, 2013 2:15am
Quoting jinchu
Thank you Kelly and WDays for sharing your ways of trading Genesis
You can share yours too jinchu... you had a very good trade there. ..... and you're welcome
.... laughing all the way to the bank
  • #15,502
  • Jun 25, 2013 2:20am Jun 25, 2013 2:20am
WD,
We may just be able to go back for an encore on EA and AU
.... laughing all the way to the bank
  • #15,503
  • Jun 25, 2013 2:20am Jun 25, 2013 2:20am
Quoting Sixfour
Some more nice setups today on my favourite EUR/AUD and the little brother AUD/USD. Im waiting on GBP/USD long to see if it plays out otherwise my trading is done for the day. Results are excellent still and looking forward to more trades perhaps later today and tomorrow. Happy trading and once again great thread here Six {image} {image}
Hi Sixfour, can i know why you didn't enter the previous candle? previous candle seems valid entry, but i noticed that strong buyer come out.i don't understand here..can you guide me? thank you.
  • #15,504
  • Jun 25, 2013 2:23am Jun 25, 2013 2:23am
Quoting jinchu
closed GJ at S1 with 68 pips {image}

Nice trade!
  • #15,505
  • Jun 25, 2013 2:24am Jun 25, 2013 2:24am
Quoting Gold Miner
{quote} Hi Sixfour, can i know why you didn't enter the previous candle? previous candle seems valid entry, but i noticed that strong buyer come out.i don't understand here..can you guide me? thank you.

Hi Gold miner. On which trade, the EUR/AUD or the AUD/USD pair?
  • #15,506
  • Jun 25, 2013 2:27am Jun 25, 2013 2:27am
Quoting Sixfour
{quote} Hi Gold miner. On which trade, the EUR/AUD or the AUD/USD pair?
both trade...One was short and the other one was long right?i mean both also have that senario. thanks.
  • #15,507
  • Edited 2:49am Jun 25, 2013 2:33am | Edited 2:49am
Quoting Gold Miner
{quote} both trade...One was short and the other one was long right?i mean both also have that senario. thanks.
While we're waiting for sixfour's response, I noticed for the first signals, that the stochs were in the wrong place.... too low to go short ..... and too high to go long
.... laughing all the way to the bank
  • #15,508
  • Jun 25, 2013 2:42am Jun 25, 2013 2:42am
Quoting itsallover
{quote} You can share yours too jinchu... you had a very good trade there. ..... and you're welcome
Mine is almost same with you Kelly,
bounce pivot, price beyond MA60 and all stoch agree
but I do not wait for the stoch to cross, they just need to be pointing down
and I also did not wait for M15 arrow

Good luck everybody, I am done for today, see u tomorrow
Failure leads to Success if one learns from mistakes and never give up
  • #15,509
  • Jun 25, 2013 2:47am Jun 25, 2013 2:47am
Quoting jinchu
{quote} Mine is almost same with you Kelly, bounce pivot, price beyond MA60 and all stoch agree but I do not wait for the stoch to cross, they just need to be pointing down and I also did not wait for M15 arrow Good luck everybody, I am done for today, see u tomorrow

Thankyou jinchu. Your tips will help others too.
.... laughing all the way to the bank
  • #15,510
  • Jun 25, 2013 2:49am Jun 25, 2013 2:49am
Quoting itsallover
{quote} While we're waiting for sixfour's response, I noticed that the stochs were in the wrong place.... too low to go short ..... and too high to go long
Ya, you noticed that too? very strange, here..if that scenario occurs, I will enter previous candle (a few candles before sixfour enter), but i really don't understand why sixfour enter that one..anyway, hope we can get the answer and learn together.
  • #15,511
  • Jun 25, 2013 2:51am Jun 25, 2013 2:51am
Quoting Gold Miner
{quote} both trade...One was short and the other one was long right?i mean both also have that senario. thanks.

Hi Goldminer,

To start with AUD/USD trade, the candle immediately before my entry was not confirmed by the matrix. All other aspects were in place, and I was waiting for the matrix to align and confirm long signal to enter the market. Look at the two images below to see the difference in the two...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-m5-hf-markets-ltd-2.png Size: 47 KB
Click to Enlarge Name: audusd-m5-hf-markets-ltd-4.png Size: 46 KB
  • #15,512
  • Jun 25, 2013 2:52am Jun 25, 2013 2:52am
Quoting Gold Miner
{quote} Ya, you noticed that too? very strange, here..if that scenario occurs, I will enter previous candle (a few candles before sixfour enter), but i really don't understand why sixfour enter that one..anyway, hope we can get the answer and learn together.
..... no I was talking about the first Genesis signals in both trades. The reasons I would not have taken them was because the stochs were not right.
As far as I can see the trades were taken on the second signal.
.... laughing all the way to the bank
  • #15,513
  • Jun 25, 2013 2:55am Jun 25, 2013 2:55am
Quoting itsallover
{quote} ..... no I was talking about the first Genesis signals in both trades. The reasons I would not have taken them was because the stochs were not right. As far as I can see the trades were taken on the second signal.
Is it because the stochs @ the bottom (Oversold position)?
  • #15,514
  • Jun 25, 2013 2:56am Jun 25, 2013 2:56am
Quoting jinchu
Thank you Kelly and WDays for sharing your ways of trading Genesis
You are most welcome and thank you too, for participating.

Quoting itsallover
WD, We may just be able to go back for an encore on EA and AU
DOH was buying breakfast but I see nothing came out of it..
  • #15,515
  • Jun 25, 2013 2:58am Jun 25, 2013 2:58am
Quoting Gold Miner
{quote} Is it because the stochs @ the bottom (Oversold position)?

Sorry guys just noticed my charts I wrote overbought, but actually meant "Oversold."

You asked originally why I did not enter on the "previous bar"?

Did you mean why didnt I enter on the "Previous signal?""

Becaue these are two completely different things.
  • #15,516
  • Jun 25, 2013 3:03am Jun 25, 2013 3:03am
Ok not a live trade but one worth sharing at least ... EJ, exited for + 40

Entry reasons :

  1. Main reason - bounce off of DP
  2. Additional factors - good m5 & m15 stochs and with trend based on the majority of dots in the asc matrix

During trade :

  1. Expected that it may take some time to come to fruition, so made sure my SL remained on other side of DP. I do make use of a trade manager (when I'm patient enough to let it do what it's supposed to), so just let that set to BE and move stops at the appropriate time.

Exit :

  1. In the ideal world, would have exited when it was closing in on S1 but not paying enough attention. Decided to exit now as there are other resistances between current price and S1 (namely MS1 and WP), and also appears to be stalling.

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-06-25 21_57_25-EJ - EURJPY,M5.png Size: 55 KB
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,517
  • Jun 25, 2013 3:04am Jun 25, 2013 3:04am
Regarding the 3 dots matrix.... A genesis trader had once said that 3 dots should put u in "alert mode"... and you should consider where your entry point should be as well as the trade parameters (SL, TP, lot size...).
  • #15,518
  • Jun 25, 2013 3:06am Jun 25, 2013 3:06am
Quoting antantnz
Ok not a live trade but one worth sharing at least ... EJ, exited for + 40 Entry reasons : Main reason - bounce off of DP Additional factors - good m5 & m15 stochs and with trend based on the majority of dots in the asc matrixDuring trade : Expected that it may take some time to come to fruition, so made sure my SL remained on other side of DP. I do make use of a trade manager (when I'm patient enough to let it do what it's supposed to), so just let that set to BE and move stops at the appropriate time.Exit : In the ideal world, would have exited...

...... great trade... the stochs were indeed perfect.....
.... laughing all the way to the bank
  • #15,519
  • Jun 25, 2013 3:08am Jun 25, 2013 3:08am
What on earth happened? HAs RJ gone? Is he coming back? wh..wh...what is this all about?
  • #15,520
  • Jun 25, 2013 3:16am Jun 25, 2013 3:16am
Quoting antantnz
Ok not a live trade but one worth sharing at least ... EJ, exited for + 40 Entry reasons : Main reason - bounce off of DP Additional factors - good m5 & m15 stochs and with trend based on the majority of dots in the asc matrixDuring trade : Expected that it may take some time to come to fruition, so made sure my SL remained on other side of DP. I do make use of a trade manager (when I'm patient enough to let it do what it's supposed to), so just let that set to BE and move stops at the appropriate time.Exit : In the ideal world, would have exited...

I was wondering what the reason was that I didn't take this trade and I've remembered.... I expected PA to retest the DP and when it didn't I thought sods law it makes a play for the DP as soon as I go short ...lol... as it turns out it decided not to because I didn't enter
.... laughing all the way to the bank
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