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Genesis Matrix Trading

  • #15,901
  • Jul 1, 2013 11:54am Jul 1, 2013 11:54am
Second trade after LO, GJ. Perhaps it was too close to Red news (>30 mins). Loss.
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  • #15,902
  • Jul 1, 2013 12:21pm Jul 1, 2013 12:21pm
Quoting ericjschroed
First trade last night in Asia, UJ. Took forever to reach TP about 1:1. {image}
Good examples, ericjschroed

Thanks for posting.
What the mind does not know, the eyes cannot see
  • #15,903
  • Jul 1, 2013 12:38pm Jul 1, 2013 12:38pm
Quoting ericjschroed
Second trade after LO, GJ. Perhaps it was too close to Red news (>30 mins). Loss. {image}
Dear Eric

Thanks for posting. Yesterday I requested to see -if possible- more losing trades. I think that we can learn quite a few things analyzing them.
In your example, yes generally speaking we should avoid entering before important announcements but either way I was never going to enter where you did.
For me the entrance point for this trade is where I have marked.
If for any reason (time of day, missed opportunity etc), I have not entered there I will just wait for the next "wave".

I would like though to hear any other opinion or comment.
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  • #15,904
  • Jul 1, 2013 5:32pm Jul 1, 2013 5:32pm
Quoting thomasK
{quote} Dear Eric Thanks for posting. Yesterday I requested to see -if possible- more losing trades. I think that we can learn quite a few things analyzing them. In your example, yes generally speaking we should avoid entering before important announcements but either way I was never going to enter where you did. For me the entrance point for this trade is where I have marked. If for any reason (time of day, missed opportunity etc), I have not entered there I will just wait for the next "wave". I would like though to hear any other opinion or...
Yes that is something I should consider. Maybe for now, 1st (or maybe 2nd) entry only. My choice for trading is either a) stay to see what happens later in Asia (a coin toss) or b) sleep for a few hours and get up for LO, and trade 2 to 3 hours. I would prefer to just stay up for Asia and get a decent sleep but it depends which offers more/better. If I get my goal in the first few hours of Asia I don't have to trade LO, but if not, I have to decide: sleep or stay? I will decide over the next few weeks I guess.
  • #15,905
  • Edited 8:46pm Jul 1, 2013 8:16pm | Edited 8:46pm
Quoting thomasK
{quote} Dear Eric Thanks for posting. Yesterday I requested to see -if possible- more losing trades. I think that we can learn quite a few things analyzing them. In your example, yes generally speaking we should avoid entering before important announcements but either way I was never going to enter where you did. For me the entrance point for this trade is where I have marked. If for any reason (time of day, missed opportunity etc), I have not entered there I will just wait for the next "wave". I would like though to hear any other opinion or...
Very valid points. Most often there isn't a great deal to learn from losing trades, assuming the entry criteria was met....sometime the market just 'outsmarts' the system and catches us out. That will always be the case, which is why we use SL's and good Money Management. having said that though, it is interesting to see them. I'll post the next one that happens to me.

With the M15 testing that I'm doing, I will post the details of each trade when the test is complete. I realise that this will make it difficult to go back and analyse each trade, but that's not the purpose of the test. The purpose is to see what advantages the M15 with the M30 stoch provides, if any.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,906
  • Jul 1, 2013 8:26pm Jul 1, 2013 8:26pm
Regarding Exemptions to the 10v restriction

In my post explaining why I placed this restriction on the thread, and how a group of people would be exempt right from the start, I also stated VERY clearly (a couple of times since as well), that further exemptions would be granted when the team was in a position to spend the time on it, and when that time comes come I will open my PM (Private Message) facility for people to use to put their names forward. I also said that this would not happen for the next 2 weeks.

And what do I see? People posting their requests on my profile page!!!! FFS........did I say post your request to my profile page???? No.....I did not say that.

Anyone who cannot, or will not follow the simple instructions will simply go right to the back of the que.....and if those same people do it again, I will suspend you from FF immediately, and then the FF admin will decide whether or not you should be banned from FF permanently. If you can't follow this simple rule, you will not only go to the back of the que, it's also a clear indication of your inability to show discipline, and that alone is going to stop you from becoming a profitable trader.

You can all read the the thread.....so be content with that until the team has more time to spend on approving members to post.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,907
  • Jul 1, 2013 9:24pm Jul 1, 2013 9:24pm
Aussie news in about 6 minute for any AU or EA traders....maybe even for the Kiwi traders too (NU)......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,908
  • Jul 1, 2013 9:45pm Jul 1, 2013 9:45pm
Quoting realjumper
Aussie news in about 6 minute for any AU or EA traders....maybe even for the Kiwi traders too (NU)......
well that was weird, the AUD cash rate didn't change but AUD went nutz, maybe the RBA rate? Since FF and FPA don't show any info with that one, I don't know what they said or why the reaction.

P.S. Thanks RJ.
  • #15,909
  • Jul 1, 2013 10:24pm Jul 1, 2013 10:24pm
Quoting ericjschroed
{quote} well that was weird, the AUD cash rate didn't change but AUD went nutz, maybe the RBA rate? Since FF and FPA don't show any info with that one, I don't know what they said or why the reaction. P.S. Thanks RJ.
I had to step out for a few minutes....some info from forexlive.com here and here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,910
  • Jul 2, 2013 12:21am Jul 2, 2013 12:21am
Because I'm trading M15 at the moment I haven't got an entry on this pair yet....but the M5 looks ok, but it is a CT trade so it may not fly......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,911
  • Jul 2, 2013 12:27am Jul 2, 2013 12:27am
Quoting realjumper
Because I'm trading M15 at the moment I haven't got an entry on this pair yet....but the M5 looks ok, but it is a CT trade so it may not fly...... {image}
Same on AUDUSD , RJ is it better to wait for a retest and then enter here?
In Love with Genesis
  • #15,912
  • Jul 2, 2013 12:32am Jul 2, 2013 12:32am
Quoting SohaibKhan
{quote} Same on AUDUSD , RJ is it better to wait for a retest and then enter here?
I'm not trading that pair just at the moment, so you'll have to make your own decision on that.

The reason I don't mind taking a CT on the EA pair is the long term resistance level the PA is currently at...check out a Daily and/or Weekly chart and you will see that this level has been problem for EA many times in the past.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,913
  • Jul 2, 2013 12:34am Jul 2, 2013 12:34am
Quoting realjumper
{quote} I'm not trading that pair just at the moment, so you'll have to make your own decision on that. The reason I don't mind taking a CT on the EA pair is the long term resistance level the PA is currently at...check out a Daily and/or Weekly chart and you will see that this level has been problem for EA many times in the past.
Thanks for the advice
In Love with Genesis
  • #15,914
  • Jul 2, 2013 12:41am Jul 2, 2013 12:41am
Quoting SohaibKhan
{quote} Thanks for the advice
Here's the EA Weekly chart....see how this level has been a problem for the PA in the past? Of course that doesn't mean that the PA can't break through and go north, but the risk of a short trade might be worth it.....and I would have taken it had I been on the M5 trade this week!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,915
  • Jul 2, 2013 12:59am Jul 2, 2013 12:59am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Had my eye on this one too but now it has settled on the DP or thereabouts and I've gone for coffee ........ again...... I see it has reversed...
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  • #15,916
  • Jul 2, 2013 1:07am Jul 2, 2013 1:07am
Quoting realjumper
Because I'm trading M15 at the moment I haven't got an entry on this pair yet....but the M5 looks ok, but it is a CT trade so it may not fly...... {image}
For anyone who took this, you'd be at about +40 by now. The M15 signal for me is now a bit too close to the Pivot, so I will wait and this could be one of those times when the M5 beats the M15. Early days yet though....we shall see....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,917
  • Jul 2, 2013 1:13am Jul 2, 2013 1:13am
One entry tonight for me so far, CJ ...

Reasons for entry :

  1. Pretty much ideal M5 & m15 stochs
  2. Reasonably sharp turnaround after crossing R1
  3. Approx 25 pips room from entry down to DP

Risks :

  1. Certainly against the day trend so far

Other factors :

  1. Would love to say I noticed it at the time, but I didn't - it's earlier high point today happened to be WR1 and also a high point it failed to breach on 20th June

Trade management :

  1. Because it was CT, it was a relief when my trade manager moved SL to BE. I then took half of the trade off at 10 pips so at least I got something if it did reverse, and once it moved down further adjusted the SL to +10 on the other half. At time of writing, that SL will probably get hit. [Edit - hit, so +10 on the whole trade].

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1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,918
  • Jul 2, 2013 1:26am Jul 2, 2013 1:26am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting realjumper
{quote} For anyone who took this, you'd be at about +40 by now. The M15 signal for me is now a bit too close to the Pivot, so I will wait and this could be one of those times when the M5 beats the M15. Early days yet though....we shall see....

I guess that is just an example of quite a sudden reversal where the indicators have to catch up unlike where price makes a pullback and then continues on its way......yes, I'm sticking up for the M15!.....
  • #15,919
  • Jul 2, 2013 1:27am Jul 2, 2013 1:27am
Quoting antantnz
One entry tonight for me so far, CJ ... Reasons for entry : Pretty much ideal M5 & m15 stochs Reasonably sharp turnaround after crossing R1 Approx 25 pips room from entry down to DPRisks : Certainly against the day trend so farOther factors : Would love to say I noticed it at the time, but I didn't - it's earlier high point today happened to be WR1 and also a high point it failed to breach on 20th JuneTrade management : Because it was CT, it was a relief when my trade manager moved SL to BE. I then took half of the trade off at 10 pips so at least...
Great trade analysis.....thank you

I have dropped CJ from my 'watched pairs' simply because it seems to run very similar to EJ and GJ, and some extent, UJ.....and those 3 pairs all seem to move considerably more. AJ and GJ are my favourite Yen crosses at the moment, but I like UJ because it is the leading Yen cross (imo), that the others seem to follow.

I have also dropped GU from my list as well. Not that there isn't good pips to be made, but for me, it's the 'last cab off the rank' and it's pretty rare that I trade it.......so I may as well not clutter my mind up with something that I almost certainly won't trade!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,920
  • Jul 2, 2013 1:29am Jul 2, 2013 1:29am
Quoting Jamz
{quote} I guess that is just an example of quite a sudden reversal where the indicators have to catch up unlike where price makes a pullback and then continues on its way......yes, I'm sticking up for the M15!.....
Yep, exactly. Such is the nature of reversals. Still....I hope someone took it in M5
Doing what you like is Freedom. Liking what you do is Happiness.
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