Genesis Matrix Trading | Page 806 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #16,101
  • Jul 9, 2013 1:18am Jul 9, 2013 1:18am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Finally I'm catching on a little.......... the hour and a quarterj wait was quite unbearable....I am issueing a complaint to Ecoffin Meeting chairman to speed things up next time. Instead I made a batch of scones, got the dinner ready, mowed the lawns and painted the roof to keep myself together....I lied a bit there.
I did wait for M15 to line up. I did go back to M5 and want to close it out about 3 times. Instead I have a perfect trade, hitting my target just below R1. I'm sure it looks obvious now but to enter against the strength of the dollar was tough. There are many reasons can go through your mind but Genesis is the Boss!
You don't need another indicator. You need to be satisfied with genesis and learn to trade it. The simplicity of genesis is perfect for me.
Attached Image (click to enlarge)
Click to Enlarge Name: euro28.jpg Size: 56 KB
  • #16,102
  • Jul 9, 2013 1:21am Jul 9, 2013 1:21am
Quoting Jamz
Finally I'm catching on a little.......... the hour and a quarterj wait was quite unbearable....I am issueing a complaint to Ecoffin Meeting chairman to speed things up next time. Instead I made a batch of scones, got the dinner ready, mowed the lawns and painted the roof to keep myself together....I lied a bit there. I did wait for M15 to line up. I did go back to M5 and want to close it out about 3 times. Instead I have a perfect trade, hitting my target just below R1. I'm sure it looks obvious now but to enter against the strength of...
Good on you Jamz....that's the way!

Patience is the holy grail....and coffee of course. I've been in town all day so no trades for me, but I'm happy that you were rewarded for your tenacity and patience
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,103
  • Jul 9, 2013 1:31am Jul 9, 2013 1:31am
Speaking of dollar strength....we can see on the USD Index chart (weekly) that after the double (or triple) top, the usdx hasn't been able to move from there. Whether it will move on, or whether it will back off is something we will see in due course........
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,104
  • Jul 9, 2013 2:00am Jul 9, 2013 2:00am
My First Entry for today

EA moved about 35 pips already

Attached Image (click to enlarge)
Click to Enlarge Name: 01.png Size: 34 KB
In Love with Genesis
  • #16,105
  • Jul 9, 2013 3:19am Jul 9, 2013 3:19am
Quoting SohaibKhan
My First Entry for today EA moved about 35 pips already {image}
Nice trade there.....did you exit yet?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,106
  • Edited 4:00am Jul 9, 2013 3:25am | Edited 4:00am
Quoting realjumper
{quote} Nice trade there.....did you exit yet?
Thanks RJ Still in Trade SL +25

Edit: Closed at 30+
In Love with Genesis
  • #16,107
  • Jul 9, 2013 6:13am Jul 9, 2013 6:13am
Quoting realjumper
I honestly do believe that trading a single currency pair will teach you a lot. It's like learning language. You might need to speak 4 different languages, but you have to learn them one at a time.....only adding a new language when you have one already well and truly understood. If you try and learn all 4 at the same time, you'll never make it happen!! On any of the popular pairs, there will be a 30 - 60 pip move every day....or almost every day. That's all you need!!!
Hmmmm ... wise words me thinks, and I think I might be doing this as well ... trying to run before I can walk is not doing me any favours, and because often you get alerts all at once it's actually really easy to miss the good trades ... ironic because part of your brain is going "the more pairs, the more opportunities", but I think it's actually "the more pairs, the more missed opportunities".

Back to basics! I know people like Marty are doing it with one or two pairs, time to give that a try.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #16,108
  • Jul 9, 2013 6:18am Jul 9, 2013 6:18am
A slow day so far, again
  • #16,109
  • Jul 9, 2013 6:35am Jul 9, 2013 6:35am
Quoting antantnz
{quote} Hmmmm ... wise words me thinks, and I think I might be doing this as well ... trying to run before I can walk is not doing me any favours, and because often you get alerts all at once it's actually really easy to miss the good trades ... ironic because part of your brain is going "the more pairs, the more opportunities", but I think it's actually "the more pairs, the more missed opportunities". Back to basics! I know people like Marty are doing it with one or two pairs, time to give that a try.

Yeah....someone else on this thread trades only a single pair and does very, very well at it. When you get to know a particular pair, you get to understand how it moves, and eventually you'll understand how it reacts to certain circumstances like news etc. You'll be watching it creeping along and you know that it's going to breakout.....it hasn't happened yet....Genesis is looking good blah, blah, blah.....and then it breaks out just as you expected. That sort of familiarity is invaluable and eventually it makes your trading life much easier.

Trading, or rather, watching many pairs is a double edged sword. You get to see more opportunities, but how many of them do you stop at and analyse to see whether it really is a good opportunity?.......eventually you decide, 'nah...better not' (because you don't know that pair too well), only to come back to see your favourite pair, and bloody hell....you missed a perfect opportunity!!!

It happens.....it happens to me too.....and that's yet another benefit of doing this M15 test. Because I'm trying to give the test the best chance of decent amount of trades, I'm limiting the pairs I watch to just 3.....and the pips are coming easier than ever.....although that could be the TF, hard to be certain.

If you want (say) 50 pips/day as your target, then there's no point in watching 10 pairs. Any of the majors will give you an opportunity to grab 50 on average. Some days less, some days considerably more.

So it's a 'swings and roundabouts' thing, but getting to know a single pair intimately can only be a good thing....imo!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,110
  • Jul 9, 2013 6:36am Jul 9, 2013 6:36am
Quoting Marviin
A slow day so far, again
For me too.....the best opportunities were when I was in town...never mind, such is life
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,111
  • Jul 9, 2013 8:51am Jul 9, 2013 8:51am
IMF cuts 2013 GDP growth for:

- US
- EZ
- China
- Brazil

IMF raises 2013 GDP growth for:

- Japan
- UK
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #16,112
  • Jul 9, 2013 10:01am Jul 9, 2013 10:01am
Quoting Martyfish
IMF cuts 2013 GDP growth for: - US - EZ - China - Brazil IMF raises 2013 GDP growth for: - Japan - UK
I was wondering what was moving the markets... Thanks Marty.
Tight Stop Losses are False Economy - RJ
  • #16,113
  • Jul 9, 2013 10:01am Jul 9, 2013 10:01am
My trade of the day, EU short for + 60, taken after the DP finally gave up. Initial target was S2, but decided not to be greedy and exited at ATR h1
Attached Image (click to enlarge)
Click to Enlarge Name: eu0907.png Size: 62 KB
mind over matter
  • #16,114
  • Jul 9, 2013 10:02am Jul 9, 2013 10:02am
Quoting Martyfish
IMF cuts 2013 GDP growth for: - US - EZ - China - Brazil IMF raises 2013 GDP growth for: - Japan - UK
Thanks for keeping us informed, Marty
mind over matter
  • #16,115
  • Jul 9, 2013 10:06am Jul 9, 2013 10:06am
EU (I trade mostly) short = +55 pips: (I do charting on MT4 and trading on MT5)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 37 KB
There`s no life before COFFEE!
  • #16,116
  • Jul 9, 2013 10:08am Jul 9, 2013 10:08am
Quoting kosmo
My trade of the day, EU short for + 60, taken after the DP finally gave up. Initial target was S2, but decided not to be greedy and exited at ATR h1 {image}
Took USD/CHF long for 50, same trade in reverse
Tight Stop Losses are False Economy - RJ
  • #16,117
  • Jul 9, 2013 10:15am Jul 9, 2013 10:15am
Quoting jalkok
EU (I trade mostly) short = +55 pips: (I do charting on MT4 and trading on MT5) {image}
Same train. I bet you enjoyed the views as much as I did
mind over matter
  • #16,118
  • Jul 9, 2013 11:19am Jul 9, 2013 11:19am
Quoting kosmo
{quote} Same train. I bet you enjoyed the views as much as I did
you bet...yeah...great minds think alike
There`s no life before COFFEE!
  • #16,119
  • Jul 9, 2013 1:39pm Jul 9, 2013 1:39pm
Also that last spike on euro was Italy being downgraded by S&P
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #16,120
  • Jul 9, 2013 3:38pm Jul 9, 2013 3:38pm
Quoting Pippicidal
{quote} Took USD/CHF long for 50, same trade in reverse
Sorry, have only just noticed your post. Great job, Pippicidal!
mind over matter
2 traders viewing now