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Genesis Matrix Trading

  • #16,361
  • Jul 22, 2013 3:17am Jul 22, 2013 3:17am
Quoting realjumper
{quote} Always the way isn't it!! I have a long on EA which is in profit, and a long on EJ which is not! I guess lack of news events and the digesting of the G8 meetings have something to do with it.....and Abe is probably drunk on Sake by now, so the BOJ will be following along.....as they do.... LOL
Yeah, it just goes my way without me...and I don't see a chance to re-enter.
Could you show your EJ entry?
  • #16,362
  • Jul 22, 2013 3:20am Jul 22, 2013 3:20am
Quoting realjumper
{quote} Sorry...you lost me there
Pardon me. I deleted that.
  • #16,363
  • Jul 22, 2013 3:28am Jul 22, 2013 3:28am
Quoting realjumper
{quote} ..and Abe is probably drunk on Sake by now, so the BOJ will be following along.....as they do.... LOL
Well, here's the proof!
Attached Image
  • #16,364
  • Jul 22, 2013 3:34am Jul 22, 2013 3:34am
Here is what I'm talking about with the M5/M15. The entry on the M5 was obvious....yes, it was below the DP, but that aside, it met the criteria. Having entered, I am now managing the trade on the M15 TF....meaning....that I'm watching the M15 TF to monitor my trade.

You can see that not too long after the entry, there was a bear candle on the M15. Nothing else was interested though.....not the matrix, not ASCTrend, not the stoch, nothing. So I drink my coffee and not worry about it.

However, looking at that same time on the M5 shows that I may have made a mistake on the entry because the PA might be turning bearish....and the matrix is also turning bearish, although ASCTrend is not interested at this stage. M5 stoch has turned over and M15 stoch has crossed. Given the PA's behaviour, that may have caused me to exit the trade.....and then watched the trade take off without me.

But my managing the trade on the M15, I am drinking coffee with my SL in profit and I still in the trade.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,365
  • Jul 22, 2013 3:34am Jul 22, 2013 3:34am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Sometimes waiting for trades to fulfill themselves is the hardest part of trading. Sure, green pips is not to be argued but it often is those left behind which look the tastiest. Admittedly the DP was involved with this trade and "the kiss of death" was about to breakthru but I traded out, happy to see it just above, thinking it may suddenly go down bouncing off the pivot etc, etc. I still have to remind myself, "stop to BE is a great trade!" which is something I'm still learning to do and often forget......yes, slow learner.......Here's my EA trade tonight.....
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  • #16,366
  • Edited 4:52am Jul 22, 2013 3:37am | Edited 4:52am
Quoting Cold_W
{quote} Yeah, it just goes my way without me...and I don't see a chance to re-enter. Could you show your EJ entry?
No I won't post a chart of the EJ entry because it didn't meet the entry criteria...it was a silly trade and I shouldn't have taken it! The trade might work, but I don't want to have to answer heaps of questions on it because the fact is that the entry was a poor one and I should be slapped for taking it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,367
  • Jul 22, 2013 3:38am Jul 22, 2013 3:38am
Quoting Cold_W
{quote} Well, here's the proof! {image}
HAI!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,368
  • Jul 22, 2013 3:39am Jul 22, 2013 3:39am
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Ha ha, I will be your guinea pig -- you can use me as example (for a small fee of course) I traded out even seeing that M15 was just saying "stay there you idiot!!!"
  • #16,369
  • Jul 22, 2013 3:41am Jul 22, 2013 3:41am
Quoting Jamz
Ha ha, I will be your guinea pig -- you can use me as example (for a small fee of course) I traded out even seeing that M15 was just saying "stay there you idiot!!!"
LOL......now it's got to break 4300 and then the days high before it can go up any further.......don't know if it has the power to do so or not!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,370
  • Jul 22, 2013 3:46am Jul 22, 2013 3:46am
Quoting realjumper
{quote} No I won't post a chart of the EJ entry because it didn't meat the entry criteria...it was a silly trade and I shouldn't have taken it! The trade might work, but I don't want to have to answer heaps of questions on it because the fact is that the entry was a poor one and I should be slapped for taking it!!
Good to know I'm not the only person here who makes silly trades
  • #16,371
  • Jul 22, 2013 3:47am Jul 22, 2013 3:47am
Quoting Cold_W
{quote} Good to know I'm not the only person here who makes silly trades
Sometimes I'm my own worst enemy at trading...still....we're all human!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,372
  • Jul 22, 2013 5:11am Jul 22, 2013 5:11am
Quoting realjumper
{quote} LOL......now it's got to break 4300 and then the days high before it can go up any further.......don't know if it has the power to do so or not!!
EA is doing ok now....it's got through both of those barriers and SL is now at +40. Target is R1 so it might be a longer wait for me!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,373
  • Jul 22, 2013 5:36am Jul 22, 2013 5:36am
I took the exit at +51...the divergence is an issue for me, especially on this night where there seems to be little power and zero news to help things along. I think +51 in pocket is a good thing right now....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,374
  • Jul 22, 2013 6:26am Jul 22, 2013 6:26am
Quoting realjumper
I took the exit at +51...the divergence is an issue for me, especially on this night where there seems to be little power and zero news to help things along. I think +51 in pocket is a good thing right now.... {image}
+51 in your pocket is good AT ANY TIME!!!! Great trade.

PM1
  • #16,375
  • Jul 22, 2013 6:59am Jul 22, 2013 6:59am
Quoting PipMonster1
{quote} +51 in your pocket is good AT ANY TIME!!!! Great trade. PM1
Thanks

I didn't like the way both stochs were slowly falling, and when I saw the divergence that was enough for me to take the money and run.......and it was a good call as it turns out.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,376
  • Jul 22, 2013 7:25am Jul 22, 2013 7:25am
First trade Today, its a CT on GJ

I closed the biggest part of my trade and let now the rest running.

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The reason why i took a CT in front of the DP, both stochs looks fine for me.
In the meantime as i write this post, the rest of my order was stop out at BE.

Attached Image
  • #16,377
  • Jul 22, 2013 7:30am Jul 22, 2013 7:30am
Quoting Fame of me
First trade Today, its a CT on GJ I closed the biggest part of my trade and let now the rest running. {image} The reason why i took a CT in front of the DP, both stochs looks fine for me. In the meantime as i write this post, the rest of my order was stop out at BE. {image}
The PA overshot the DP, but came back. Still, you lost nothing
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,378
  • Jul 22, 2013 9:04am Jul 22, 2013 9:04am
Quoting realjumper
{quote} The PA overshot the DP, but came back. Still, you lost nothing
Yep you right, 16 pips with a nice lot is nice and the rest out on BE which is totally ok.

Now, the PA was able to break the DP on the second try, and now again niceeeeeeeee pips.
  • #16,379
  • Jul 22, 2013 9:11am Jul 22, 2013 9:11am
Quoting Fame of me
{quote} Yep you right, 16 pips with a nice lot is nice and the rest out on BE which is totally ok. Now, the PA was able to break the DP on the second try, and now again niceeeeeeeee pips.
Well done

It's 2.15 am and I have a nice little haul too....so I'm off to sleep!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,380
  • Jul 22, 2013 9:53am Jul 22, 2013 9:53am
Quoting realjumper
M15 Test Conclusion Attached is a PDF with the results and analysis of the M15 test I have been doing for the last 4 weeks. The PDF is not as professional as Wiz3003 can produce, but I hope you'll be able to understand it anyway! In the document you will see the dilemma of M5 vs M15 trading. Both have their advantages and disadvantages. It's my intention to start a new 4 week test, beginning at market open to explore a way to combine the M5 and m15 in a way that is a little different to the way we have looked at the 15 - 5 method, which is already...
Thank you for your time and effort, RJ. Your results and conclusions are an inspiration for me. Time and again, you show us all how serious and professional you are about trading.

I've been taking some time off to catch a bit of sunshine this summer, but as always I follow the thread closely.

Regards and a bit of sunshine for all of you
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mind over matter
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