Genesis Matrix Trading | Page 858 | 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

  • #17,141
  • Aug 20, 2013 9:40pm Aug 20, 2013 9:40pm
Quoting Cold_W
{quote} At the moment I trade with http://forex-bcs.com/ I've already started registration process with Oanda. Or maybe you could give me a better advice?
My correct chart is oanda 2. picture.

my complaint is their Time Zone.
  • #17,142
  • Aug 20, 2013 9:56pm Aug 20, 2013 9:56pm
Quoting Cold_W
{quote} At the moment I trade with http://forex-bcs.com/ I've already started registration process with Oanda. Or maybe you could give me a better advice?
I can't say about Oanda because I've never traded with them. I have been with FXCM Australia for a few years, but their server offset is wrong and they have the Sunday candle so the charts are useless for our purposes. To that end I have been charting only with FXPro, who's server set up is correct.

However, I have opened an account recently with Pepperstone due to their good name and low spreads, and their server offset is correct also. So for me, Pepperstone is the winner due to it's low spreads and no dealing desk and correct server settings. So far I have found their service and help desk to be excellent.

It's fair to say that FXCM Australia has always offered good service as well, and I will keep an account with them for the time being.

So far though, Pepperstone is the winner for me.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,143
  • Aug 20, 2013 10:01pm Aug 20, 2013 10:01pm
Here is my trade this morning. This is my 2nd trade, my first trade.... Was not good, did not adhere to this system, it hit my SL and i need it to learn from my mistakes.. 'Shit happens' but that was my fault... Trigger happy i guess.. Now back to the real meat.

EUR/JPY Sell 130.78 130.46; + 32 pips


I could have kept it open but seeing it's a CT trade, i have to be very tight with my exits. Yesterday was a prime example. 3 CT trades (all Genesis worthy) go in my favor then easily popped the other way. All three trades were about +20 to +30 pips, then it went to BE +1. Regardless this is a good week for me and hopefully on track to my 100 pip goal this week. Currently +78.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Sell Order.png Size: 137 KB
  • #17,144
  • Aug 20, 2013 10:16pm Aug 20, 2013 10:16pm
Quoting hunter101
Here is my trade this morning. This is my 2nd trade, my first trade.... Was not good, did not adhere to this system, it hit my SL and i need it to learn from my mistakes.. 'Shit happens' but that was my fault... Trigger happy i guess.. Now back to the real meat. EUR/JPY Sell 130.78 130.46; + 32 pips I could have kept it open but seeing it's a CT trade, i have to be very tight with my exits.. {image}
By checking M15 chart with MAs it looks like EJ has no clear trend now, it's more of a sideways action in pretty wide range. What do you think, RJ?
  • #17,145
  • Aug 20, 2013 10:18pm Aug 20, 2013 10:18pm
Quoting Cold_W
{quote} By checking M15 chart with MAs it looks like EJ has no clear trend now, it's more of a sideways action in pretty wide range. What do you think, RJ?
It is slightly CT, but there's not much in it....even looking at the H1 chart, the price seems to be consolidating at the moment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,146
  • Aug 20, 2013 10:19pm Aug 20, 2013 10:19pm
Quoting hunter101
Here is my trade this morning. This is my 2nd trade, my first trade.... Was not good, did not adhere to this system, it hit my SL and i need it to learn from my mistakes.. 'Shit happens' but that was my fault... Trigger happy i guess.. Now back to the real meat. EUR/JPY Sell 130.78 130.46; + 32 pips I could have kept it open but seeing it's a CT trade, i have to be very tight with my exits. Yesterday was a prime example. 3 CT trades (all Genesis worthy) go in my favor then easily popped the other way. All three trades were about +20 to +30 pips,...
Hi Hunter101,
looking at your entry on EJ, did you take the entry before genesis matrix close?

thanks,
-dc-
  • #17,147
  • Aug 20, 2013 10:20pm Aug 20, 2013 10:20pm
Quoting hunter101
Here is my trade this morning. This is my 2nd trade, my first trade.... Was not good, did not adhere to this system, it hit my SL and i need it to learn from my mistakes.. 'Shit happens' but that was my fault... Trigger happy i guess.. Now back to the real meat. EUR/JPY Sell 130.78 130.46; + 32 pips I could have kept it open but seeing it's a CT trade, i have to be very tight with my exits. Yesterday was a prime example. 3 CT trades (all Genesis worthy) go in my favor then easily popped the other way. All three trades were about +20 to +30 pips,...
You're going really well Hunter.....just keep your feet on the ground and you'll be fine. CT trades are a strange thing, sometimes they are well worth taking, other times we need to stay away from them.....or at least take a modest profit when one is offered to us....as you have done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,148
  • Aug 20, 2013 10:32pm Aug 20, 2013 10:32pm
@ Dream. I took it during the candle. When the arrow came, i had to look to see if trade was valid. Everything was in white and not red. Then after the arrow, TVI, CCI T3 and GHL went red, not only that the Period M15 Stoch was angling down. So i got in at the right time. One min later, i would not have gotten this trade. I was lucky heh.

I do not trade arrow, i just use it to see if it warrants a trade or not. It can be misleading. I am also just looking at two currency pairs EJ and EU, it makes my thought process easier.

@RJ, thanx, though i am progressing, it is 'early' stages for me with this system. Started this one month ago and first two weeks was down over 140 pips! Since those first two weeks, i regained most of it back. Hopefully this will keep up, no one can predict the market. But i can say is that the 80% you say is correct! Then exiting is the tricky part, esp in CT trades.
  • #17,149
  • Aug 20, 2013 11:03pm Aug 20, 2013 11:03pm
Quoting realjumper
{quote} I can't say about Oanda because I've never traded with them. I have been with FXCM Australia for a few years, but their server offset is wrong and they have the Sunday candle so the charts are useless for our purposes. To that end I have been charting only with FXPro, who's server set up is correct. However, I have opened an account recently with Pepperstone due to their good name and low spreads, and their server offset is correct also. So for me, Pepperstone is the winner due to it's low spreads and no dealing desk and correct server settings....
Hi RJ

Any opinion on Std account vs Razor account re Pepperstone?

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,150
  • Aug 20, 2013 11:11pm Aug 20, 2013 11:11pm
Quoting jjre65
{quote} Hi RJ Any opinion on Std account vs Razor account re Pepperstone? J
I have the Edge Razor account....so far the super low spreads + the commission is still a very good deal. Combine this with the Aslan monthly rebate and it's a very good deal. Time will tell how this works out over the long term, but so far so good.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,151
  • Aug 20, 2013 11:17pm Aug 20, 2013 11:17pm
Quoting realjumper
{quote} I have the Edge Razor account....so far the super low spreads + the commission is still a very good deal. Combine this with the Aslan monthly rebate and it's a very good deal. Time will tell how this works out over the long term, but so far so good.
Thanks

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,152
  • Aug 20, 2013 11:30pm Aug 20, 2013 11:30pm
Boss use fxpro. I've opened an demo account with excitement. I will let you know my Asctrend not like RJ again.
Attached Image (click to enlarge)
Click to Enlarge Name: 20082013fxproaudusdm5.png Size: 59 KB
  • #17,153
  • Aug 21, 2013 12:26am Aug 21, 2013 12:26am
Quoting ozgsnr
Boss use fxpro. I've opened an demo account with excitement. I will let you know my Asctrend not like RJ again. {image}
I also have an FXPro account and it reads like yours. I guess there is going to be subtle differences between brokers as Xaphod was saying. At least FXPro has the server offset correct so the pivots will be pretty accurate.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,154
  • Aug 21, 2013 12:34am Aug 21, 2013 12:34am
Here's a CT trade I entered before dinner......now it's dessert time so perhaps it will jump down again while I'm gone!!
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 258 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,155
  • Aug 21, 2013 12:37am Aug 21, 2013 12:37am
Quoting realjumper
{quote} Good to see you back wiz.....and good to see your impeccable analysis again M30 (imo) could be a good TF to trade with......I've never tried it so I'm keen to see how this works out, but it's a nicely placed TF because (for me) the h1 is just too slow. If I was going to trade H1 I'd have to drink green tea!!
Thank you RJ,
I agree with you ... my preferred TF is still 5-15 but with some good set up and market conditions M30 could give good opportunities for swinging.
Concerning the tea ... you know Italians are used to drink "espresso", small quantity but long duration
You control how you trade; the market controls how and when you'll get paid
  • #17,156
  • Aug 21, 2013 12:40am Aug 21, 2013 12:40am
Quoting Simon H
{quote} Question tho, any particular reason why you are using the gbpnzd? It has a high spread and with the (comparitively) low liquidity I find market orders can get a horrendous slippage. Ok for when you get home runs, but when you need to pull the pin early it can catch you out (well at least it has to me). So I have been using the gbpaud. Moves just as much but the spread is half the amount. I personally rate it as one of the best pairs to trade as I like the way it 'moves'.
Simon,
you are right but I pay particularly attention to market conditions and set up to make my decisions too. This time GBPNZD felt me more confident ... I wouldn't be surprise if it could hit 2,00 (recent high)
You control how you trade; the market controls how and when you'll get paid
  • #17,157
  • Aug 21, 2013 12:55am Aug 21, 2013 12:55am
Quoting realjumper
Here's a CT trade I entered before dinner......now it's dessert time so perhaps it will jump down again while I'm gone!! {image}
You did not take the first signal down since there were no confirmation on M15?
  • #17,158
  • Aug 21, 2013 12:57am Aug 21, 2013 12:57am
Quoting Cold_W
{quote} At the moment I trade with http://forex-bcs.com/ I've already started registration process with Oanda. Or maybe you could give me a better advice?
Like RJ, I'd also recommend Pepperstone. I've been with them for over a year now and can't find any fault with them, spreads very low, fast execution and no dealing desk. Their server time is based on NY 5pm close, which means all your pivots and daily high/lows are correct. I also get the rebate through Aslan, I think details about this can be found on Pepperstones website.

Prior to Pepperstone I was with Oanda. I found their MT4 use to lag a lot when placing orders, spreads use to increase dramatically during news, even non-high impact news and their server times are not based on NY close.

Hope that helps.
  • #17,159
  • Aug 21, 2013 1:00am Aug 21, 2013 1:00am
Quoting Trekker
{quote} Like RJ, I'd also recommend Pepperstone. I've been with them for over a year now and can't find any fault with them, spreads very low, fast execution and no dealing desk. Their server time is based on NY 5pm close, which means all your pivots and daily high/lows are correct. I also get the rebate through Aslan, I think details about this can be found on Pepperstones website. Prior to Pepperstone I was with Oanda. I found their MT4 use to lag a lot when placing orders, spreads use to increase dramatically during news, even non-high impact...
Thank you, Trekker. It's really helpful information!
  • #17,160
  • Aug 21, 2013 1:16am Aug 21, 2013 1:16am
Quoting Cold_W
{quote} You did not take the first signal down since there were no confirmation on M15?
Yes I did. I have been sitting on it for ages while I prepared, cooked and ate dinner......and it looks like it's going to net me 1 pip!!
Doing what you like is Freedom. Liking what you do is Happiness.
11 traders viewing now