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Genesis Matrix Trading

  • #15,921
  • Jul 2, 2013 5:10am Jul 2, 2013 5:10am
RJ which pairs you are looking at the moment?
In Love with Genesis
  • #15,922
  • Jul 2, 2013 5:15am Jul 2, 2013 5:15am
One for the trades that didn't work file ... UJ

Entry reasons :

  1. Good m5 / m15 stochs
  2. With day's general direction so far following it's earlier bounce up off of DP. Also with higher time frame trends.

Risks :

  1. Kind of a "middle of nowhere" turning point (i.e. not off a resistance or support)
  2. Against a relatively fresh m15 arrow (although with all other higher time frame arrows)

Outcome :

  1. After 25 minutes trade had failed to cross entry point, and starting to hint at turning, so exited for a 2 pip loss. Sure, I could've hung on in the hope that it would carry on upwards (and maybe it will), but then it's turning into a coin toss rather than a HPT.


And on that note, with no news coming the market seems to have gone to sleep, so that's probably the extent of my trading for today.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY,M5.png Size: 34 KB
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,923
  • Jul 2, 2013 5:24am Jul 2, 2013 5:24am
Quoting antantnz
One for the trades that didn't work file
antantnz,

I dont trade this pair, but useful to look at CPM in this case, both USD & Yen have been strong today.

So UJ not a high probability pair.

There is more to consider than just pure Genesis signals.

Just a thought.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,924
  • Jul 2, 2013 5:27am Jul 2, 2013 5:27am
Quoting SohaibKhan
RJ which pairs you are looking at the moment?
AU, NU, EA, EU. GJ, EJ, UJ, AJ are the ones I watch......my favourites seem to be EA, EJ and GJ at the moment....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,925
  • Jul 2, 2013 5:41am Jul 2, 2013 5:41am
Quoting Martyfish
{quote} antantnz, I dont trade this pair, but useful to look at CPM in this case, both USD & Yen have been strong today. So UJ not a high probability pair. There is more to consider than just pure Genesis signals. Just a thought.
Hi Marty,

Yes, agreed ... I had a look at that after I'd entered and realised they were very evenly matched and thought "doh!" ... still getting my head around how to make best use of it at the moment, but I do see it's advantages and agreed it could've kept me out of this trade. Thanks!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,926
  • Jul 2, 2013 6:03am Jul 2, 2013 6:03am
Quoting antantnz
{quote} Hi Marty, Yes, agreed ... I had a look at that after I'd entered and realised they were very evenly matched and thought "doh!" ... still getting my head around how to make best use of it at the moment, but I do see it's advantages and agreed it could've kept me out of this trade. Thanks!

As your signature says "one pip at a time" !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,927
  • Jul 2, 2013 6:09am Jul 2, 2013 6:09am
Quoting antantnz
One for the trades that didn't work file ... UJ . {image}
Just a small remark. Maybe this trade could have been avoided since the m15 arrow and the H1 stoch were not in agreement.
Here I post a template according to recent RJ's rules (my posting template and not my actual template).
So no H1 stoch here but still M15 arrow is negative.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-02_1358.png Size: 61 KB
Enter Signature
  • #15,928
  • Jul 2, 2013 2:02pm Jul 2, 2013 2:02pm
Portugal political ruling party is falling apart.

Finance Minister - Gone !!
Foreign Minister - Gone !!

Coalition junior party - Is leaving the Government.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #15,929
  • Jul 2, 2013 5:56pm Jul 2, 2013 5:56pm
Quoting realjumper
USD Index Daily chart It's going to be interesting to see whether the greenback can make it another week of progress....looks like it has reached a level of 'make or break'..... {image}
Well the breakout north is interesting...the USD continues to gain power, which is reflected in the Yen breaking 100.00 again.....I wonder how long this will continue.......
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,930
  • Jul 2, 2013 7:29pm Jul 2, 2013 7:29pm
A new beginning, okay, i am here.
And here also my Chart from today.

GJ M5
Attached Image (click to enlarge)
Click to Enlarge Name: GJm5.png Size: 28 KB


I guess i dont need to explain so much.

1. trade, i was unsure and jump later in the trade.
2. CT trade - reaction of R2
3. trade - trend trade with reaction from R1

Yeah, hmmm, thats it.
Ah, and right now, you see i have open a sell. But is still CT trade.
  • #15,931
  • Jul 2, 2013 7:52pm Jul 2, 2013 7:52pm
Quoting antantnz
One for the trades that didn't work file ... UJ Entry reasons : Good m5 / m15 stochs With day's general direction so far following it's earlier bounce up off of DP. Also with higher time frame trends.Risks : Kind of a "middle of nowhere" turning point (i.e. not off a resistance or support) Against a relatively fresh m15 arrow (although with all other higher time frame arrows)Outcome : After 25 minutes trade had failed to cross entry point, and starting to hint at turning, so exited for a 2 pip loss. Sure, I could've hung on in the hope that it...
Question: You are a newbie on trading?
When not, sorry for this question, but there was no reason to close this trade.

When we open a trade, then for a really reallllyyy good reason, which you self explain very well.
When we open a trade, then we set a sl.
When we in a trade, we give the PA time to work.
When we in a trade, we dont make the Newbiemistake, to close the trade, when the PA is working.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ m5.png Size: 40 KB
  • #15,932
  • Jul 2, 2013 7:53pm Jul 2, 2013 7:53pm
Quoting Fame of me
A new beginning, okay, i am here. And here also my Chart from today. GJ M5 {image} I guess i dont need to explain so much. 1. trade, i was unsure and jump later in the trade. 2. CT trade - reaction of R2 3. trade - trend trade with reaction from R1 Yeah, hmmm, thats it. Ah, and right now, you see i have open a sell. But is still CT trade.
Hiya FOM.....nice to see you here. Some nice trades too.....you squeezing everything out of that pair!!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,933
  • Jul 2, 2013 7:59pm Jul 2, 2013 7:59pm
Quoting thomasK
{quote} Just a small remark. Maybe this trade could have been avoided since the m15 arrow and the H1 stoch were not in agreement. Here I post a template according to recent RJ's rules (my posting template and not my actual template). So no H1 stoch here but still M15 arrow is negative. {image}
Sorry, but i cant hear it anymore.
We dont trade here the arrow, or the mtf arrow.

It is just an toooooool, which is NOT important for an entry a trade or not.

Sorry, but after a while, really, i cant read it anymore.
RJ was saying this multitimes, and ever and ever again, peoples come with the reason THE ARROW..

omg, sorry.
  • #15,934
  • Edited 9:52pm Jul 2, 2013 9:04pm | Edited 9:52pm
Quoting Fame of me
{quote} Question: You are a newbie on trading? When not, sorry for this question, but there was no reason to close this trade. When we open a trade, then for a really reallllyyy good reason, which you self explain very well. When we open a trade, then we set a sl. When we in a trade, we give the PA time to work. When we in a trade, we dont make the Newbiemistake, to close the trade, when the PA is working. {image}
FOM - great trades.

Closing trades early.....something that works for me - ask yourself when you are in a trade....

1. The reason or reasons I'm still in this trade are still valid. ( Be it bounce of S/R, Pivot, BRN, whatever)
2. Is there another valid Genesis trade/signal starting to develop?? (In your chart where price action is going sideways is that a valid M15 stox to short? Well no....stay with original signal)
3. Is PA still favouring you.....(yes, sideways PA is no fun but the market does need to breathe.......is it ready to turnover or continue its original trend.......well you need to wait(the hardest thing to conquer)
4. If all above are good - and you have a SL in place or even better moved SL to BE - sit on your hands!!

PM1
  • #15,935
  • Jul 2, 2013 9:34pm Jul 2, 2013 9:34pm
Quoting Fame of me
A new beginning, okay, i am here. And here also my Chart from today. GJ M5 {image} I guess i dont need to explain so much. 1. trade, i was unsure and jump later in the trade. 2. CT trade - reaction of R2 3. trade - trend trade with reaction from R1 Yeah, hmmm, thats it. Ah, and right now, you see i have open a sell. But is still CT trade.
Wow, way to milk every last pip out of that pair. Great Job
Tight Stop Losses are False Economy - RJ
  • #15,936
  • Jul 2, 2013 9:36pm Jul 2, 2013 9:36pm
Quoting PipMonster1
{quote} FOM - great trades. Closing trades early.....something that works for me - ask yourself when you are in a trade.... 1. The reason or reasons I'm still in this trade are still valid. ( Be it bouncer of S/R, Pivot, BRN, whatever) 2. Is there another valid Genesis trade/signal starting to develop?? (In your chart where price action is going sideways is that a valid M15 stox to short? Well no....stay with original signal) 3. Is PA still favouring you.....(yes, sideways PA is no fun but the market does need to breathe.......is it ready to turnover...
Sage advice PM1. Sit on those hands until they fall asleep,
Tight Stop Losses are False Economy - RJ
  • #15,937
  • Jul 3, 2013 12:18am Jul 3, 2013 12:18am
Quoting Fame of me
{quote} Question: You are a newbie on trading? When not, sorry for this question, but there was no reason to close this trade. When we open a trade, then for a really reallllyyy good reason, which you self explain very well. When we open a trade, then we set a sl. When we in a trade, we give the PA time to work. When we in a trade, we dont make the Newbiemistake, to close the trade, when the PA is working. {image}
Neither a newbie nor a professional ... in that interim phase and yes, not great at leaving trades to run when they go slow. I think that's both :

  1. a confidence thing (how confident am I that it was a strong entry afterall?) - it's easy to doubt yourself when nothing happens
  2. and also in the past those premature exits have often turned out to be right - but I think a lot of that was because they were bad entries in the first place

It is definitely something I need to improve on though ... along with getting better at leaving winners to run.

Quoting PipMonster1
{quote} Closing trades early.....something that works for me - ask yourself when you are in a trade....

3. Is PA still favouring you.....(yes, sideways PA is no fun but the market does need to breathe.......is it ready to turnover or continue its original trend.......well you need to wait(the hardest thing to conquer)
Great list ... I've highlighted #3 because I think that exactly captures my struggle.

Although obviously UJ took off after New York open, in most cases I would've closed all my trades by then due to being in NZ and not being able to trade that session ... not at present at least.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #15,938
  • Jul 3, 2013 1:44am Jul 3, 2013 1:44am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
For those not sure if they are newbies or not, here are some signals developed on the thread to watch out for:

RJ's classic "I'm going to bed" signal. This signal means there will be some great trades really soon after making 100 pips at least.

Wiz "I'm watching the charts" signal. This means you may as well go to bed as nothing will happen for hours.

Fame's "I'm getting my beauty sleep" signal. Definately have a trade on GJ at this time as price will soar in one direction.

And now my own "I'm having a late lunch up town" signal - heaps of trades against Asian crosses, especially Oz as they know I'm not online!!!!

Only experienced traders will catch these I know......
  • #15,939
  • Edited 2:20am Jul 3, 2013 2:09am | Edited 2:20am
Quoting Fame of me
{quote} Sorry, but i cant hear it anymore. We dont trade here the arrow, or the mtf arrow. It is just an toooooool, which is NOT important for an entry a trade or not. Sorry, but after a while, really, i cant read it anymore. RJ was saying this multitimes, and ever and ever again, peoples come with the reason THE ARROW.. omg, sorry.
You are quite wright!
Arrow is just a tool. But tools are there - from ancient times- to be used and make our lifes easier.
This trade for me should not be made (but that's just me).

Either you enter where my first (left) line is and as you correctly said you let the trade breath, or you make a second trade where my second red line is.
Do you see anything wrong with using the "tools" there?
Attached Image (click to enlarge)
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Enter Signature
  • #15,940
  • Edited 2:31am Jul 3, 2013 2:19am | Edited 2:31am
I think the point that FOM is making is this......from Post #2....and repeated many times since:

"The Arrow…..now I don’t always wait for the arrow because in a sudden PA reversal it may be late…but….if an arrow doesn’t arrive within the next couple of candles, I become concerned!!"

If we are going to wait for the M15 Arrow before enter a trade, then we may as well just trade Arrow to Arrow!!
Doing what you like is Freedom. Liking what you do is Happiness.
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