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Genesis Matrix Trading

  • #16,641
  • Aug 5, 2013 5:37am Aug 5, 2013 5:37am
Quoting PipMonster1
{image} Big rejection with the Open and FPV.............watching.... PM1
Yeah....that's looking quite inviting...hmmmm
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,642
  • Aug 5, 2013 5:38am Aug 5, 2013 5:38am
Quoting realjumper
{quote} I beg your pardon Jo...yes, they are PM1's doji's. I have edited my post. Yep, I see the EJ Daily doji...almost an evening star formation which *may* indicate a change of trend.....so they say!
No problem, RJ. Have some more coffee

EJ, as you said recently, is a bit of a mixed bag. The trend on the Daily is generally still up, but it looks like it's losing steam gradually. No predictions though, no bias, just my 2 cents. Come on S2, break break!
mind over matter
  • #16,643
  • Aug 5, 2013 5:41am Aug 5, 2013 5:41am
Quoting Cold_W
{quote} Hey, PM I'm watching this one too. I did not take short signal no M5 as M15 stochastic was not clearly pointing south. Maybe there will be an entry on M15, we'll see. I did enter short on Kiwi earlier, but exited prematurely with only couple of pips in profit.
Waiting for BRN on AU to get out of the way...........

PM1
  • #16,644
  • Aug 5, 2013 5:44am Aug 5, 2013 5:44am
Quoting PipMonster1
{quote} Waiting for BRN on AU to get out of the way........... PM1
Here is my entry on NU, I wasn't patient enough to keep it.
Attached Image (click to enlarge)
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  • #16,645
  • Aug 5, 2013 5:46am Aug 5, 2013 5:46am
That's a great trend.............. Great M5/M15 stox as well.

Well I'm short AU so we'll see how this plays out.

PM1
  • #16,646
  • Aug 5, 2013 5:47am Aug 5, 2013 5:47am
Quoting Cold_W
{quote} Here is my entry on NU, I wasn't patient enough to keep it. {image}
Before you took that exit, a quick look at the M15 may have convinced you to hang in there.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,647
  • Aug 5, 2013 5:48am Aug 5, 2013 5:48am
Quoting kosmo
{quote} No problem, RJ. Have some more coffee EJ, as you said recently, is a bit of a mixed bag. The trend on the Daily is generally still up, but it looks like it's losing steam gradually. No predictions though, no bias, just my 2 cents. Come on S2, break break!

More coffee....now there's an idea
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,648
  • Aug 5, 2013 5:51am Aug 5, 2013 5:51am
M15 AU..................doesn't look too bad.....IFR trading tells me this is a HPT................time will tell.

Attached Image (click to enlarge)
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PM1
  • #16,649
  • Aug 5, 2013 5:52am Aug 5, 2013 5:52am
Quoting realjumper
{quote} Before you took that exit, a quick look at the M15 may have convinced you to hang in there.....
Thank you, RJ. I did check M15 actually...I know there was no reason to kill that trade, except for my fears. I will work hard on that.
  • #16,650
  • Aug 5, 2013 6:00am Aug 5, 2013 6:00am
Quoting Cold_W
{quote} Thank you, RJ. I did check M15 actually...I know there was no reason to kill that trade, except for my fears. I will work hard on that.
Sometimes when you can see no reason to exit, it's better to walk away and have some coffee (always a good idea) and come back in 30 minutes and see what has happened.....if nothing much has happened, it's a good sign to perhaps give it another half hour and check again. Sitting and watching can be very hard to do sometimes so it's better to walk away, especially if you made a decent entry with the trend as you did.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,651
  • Aug 5, 2013 6:01am Aug 5, 2013 6:01am
Quoting PipMonster1
M15 AU..................doesn't look too bad.....IFR trading tells me this is a HPT................time will tell. {image} PM1
I'm looking at it on my chart too, it does look pretty good.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,652
  • Aug 5, 2013 6:03am Aug 5, 2013 6:03am
Quoting realjumper
{quote} Sometimes when you can see no reason to exit, it's better to walk away and have some coffee (always a good idea) and come back in 30 minutes and see what has happened.....if nothing much has happened, it's a good sign to perhaps give it another half hour and check again. Sitting and watching can be very hard to do sometimes so it's better to walk away, especially if you made a decent entry with the trend as you did.
Excellent advice. Next time I'm in doubt for no solid reason it's coffee break!!!
  • #16,653
  • Aug 5, 2013 6:40am Aug 5, 2013 6:40am
Gee this AU is slow tonight....the doji bounce off the PV on the EU (M15) might tell us something....
  • #16,654
  • Aug 5, 2013 6:45am Aug 5, 2013 6:45am
Quoting PipMonster1
Gee this AU is slow tonight....the doji bounce off the PV on the EU (M15) might tell us something....
EU is not so easy to trade while it's stuck in this range.....I'm looking at EA, but it seems to do best in Tokyo session so perhaps not tonight.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,655
  • Aug 5, 2013 6:46am Aug 5, 2013 6:46am
Quoting realjumper
{quote} EU is not so easy to trade while it's stuck in this range.....I'm looking at EA, but it seems to do best in Tokyo session so perhaps not tonight.
Very slow....I'll see what NY has to offer otherwise might hit the hay early tonight...
  • #16,656
  • Aug 5, 2013 6:50am Aug 5, 2013 6:50am
Hi all

Been away for a while on holiday . Good to be back trading and back to this thread.

Took this trade earlier today. It turned out to be a winner with a good risk reward, but I wanted to check that it was a valid High Probability Trade (pretty sure it was valid, but not sure about being a HPT), as most of the trades I see posted seem to be when price has just turned and the stochs are midway, rather than when price has been trending and the stochs are firmly stuck above 80 or below 20.

I started the day at LO and took the trade after price had broken the previous days high (white dashed line). Price had been trending up on M5 and M15, so both stochs were above 80 and the Genesis Matrix was all white. I then entered on the first candle that opened both above the previous days high and above the 5MA. Maybe should have waited for a retest of the previous days high, which would have given me an entry 3 candles later, but a slightly higher price? TP was R1.

I think the trade was a valid, but could it be considered a HPT or not? (I'm trying to only take HPT!)


Thanks
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  • #16,657
  • Aug 5, 2013 7:06am Aug 5, 2013 7:06am
Quoting Trekker
Hi all Been away for a while on holiday . Good to be back trading and back to this thread. Took this trade earlier today. It turned out to be a winner with a good risk reward, but I wanted to check that it was a valid High Probability Trade (pretty sure it was valid, but not sure about being a HPT), as most of the trades I see posted seem to be when price has just turned and the stochs are midway, rather than when price has been trending and the stochs are firmly stuck above 80 or below 20. I started the day at LO and took the trade after price...
Good analysis. HPT trade?......yes and no...lol!

The perfect entry would have been when I have placed the blue line......but I'm not sure what time that was as I don't have the GU chart set up at present. Having said that.....the move that you participated in was all one big long and strong move which started at the blue line. Where you entered the Matrix was perfect, the stochs were solidly bullish and you had an arrow and momentum......so from that standpoint, it was a good trade.

The risk was that the move could have ended at any time and you may have been left 'high and dry.' Of course the PA can always reverse 'at any time', but the odds increase as the move continues....we don't know where it will exhaust itself. When we get into the trade at the perfect point, or close to it, we (mostly) have the benefit of being 'in at the ground floor' and as such we can expect a reasonable chance of a decent ride.

Your entry would be a perfect re-entry, or scaling in another long to compliment an existing and 'in profit' long, but I can't say that it was a HPT...imo
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,658
  • Aug 5, 2013 7:18am Aug 5, 2013 7:18am
Quoting PipMonster1
I believe that would be a pyramiding trade....but you haven't mentioned this yet.......(I'm guessing) PM1
You are believing, and guessing, correctly!! I have always done this when we get a decent trend, but it's possible to do it on the small TF's as well and to really take in some big pippage. The testing that I'm doing now lends itself really well to this, and you can see it in the charts I post. We can get into this more at the end of the test, but you are correct
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,659
  • Aug 5, 2013 7:23am Aug 5, 2013 7:23am
Quoting realjumper
{quote} You are believing, and guessing, correctly!! I have always done this when we get a decent trend, but it's possible to do it on the small TF's as well and to really take in some big pippage. The testing that I'm doing now lends itself really well to this, and you can see it in the charts I post. We can get into this more at the end of the test, but you are correct
Pyramiding is good with a strong trend but adds more risk.....sometimes undoing good profit from the original trade.....it's a hard trade to get right IMHO. (Othertimes it pays you in spades!!)??

7 pips to go for PT on AU trade............gee this has dragged....
  • #16,660
  • Aug 5, 2013 7:26am Aug 5, 2013 7:26am
Quoting PipMonster1
{quote} Pyramiding is good with a strong trend but adds more risk.....sometimes undoing good profit from the original trade.....it's a hard trade to get right IMHO. (Othertimes it pays you in spades!!) 7 pips to go for PT on AU trade............gee this has dragged....
The way I do it involves minimal risk, certainly no more, and often less risk than the initial trade. But we can get into this later and thrash it out and see what we end up with. So hold those thoughts cos I'll be very keen to hear them in a couple of weeks
Doing what you like is Freedom. Liking what you do is Happiness.
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