Genesis Matrix Trading | Page 883 | 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

  • #17,641
  • Sep 5, 2013 4:47am Sep 5, 2013 4:47am
Quoting PipMonster1
{quote} I think it is great that you share your trades.....both successful and not.........we all learn from this and maybe we pick up something we hadn't thought about before..... Thanks RJ. PM1
No problem PM1...nobody wins all their trades!

Lets have a look at this failed trade.

For the trade:

* The major trend is down, so arguably, the trade was with the main trend. But....looking at the H1 chart, is the trend trying to turn?
* Possible pivot rejection
* Pretty good signal from Matrix, and M15 stoch......M5 stoch a bit suspect.

Against the trade:

* Counter to the post London strong bull run
* M5 stoch not well placed
* Euro seems to want to push up and AUD wants to push down...which will result in EA going up, not down.

Conclusion...... the technicals were no toooooooo bad, but as PM1 mentioned, M5 stoch was poorly positioned. Further analysis of each currency, AUD & Euro shows that this trade was not going to fly, and the EU pair confirms this.

So, here we have a CT trade that failed, and that closer examination would have shown that this was a poor trade.

Thems the breaks!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,642
  • Sep 5, 2013 5:04am Sep 5, 2013 5:04am
Quoting realjumper
{quote} No problem PM1...nobody wins all their trades! Lets have a look at this failed trade. For the trade: * The major trend is down, so arguably, the trade was with the main trend. But....looking at the H1 chart, is the trend trying to turn? * Possible pivot rejection * Pretty good signal from Matrix, and M15 stoch......M5 stoch a bit suspect. Against the trade: * Counter to the post London strong bull run * M5 stoch not well placed * Euro seems to want to push up and AUD wants to push down...which will result in EA going up, not down. Conclusion.........
M15 stoch not out of the woods either.......at least on my chart........Mr Link is pretty adamant about it

Thanks for sharing RJ

J

EDIT: M15 Fast and Slow
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,643
  • Sep 5, 2013 5:06am Sep 5, 2013 5:06am
Back to trading just one pair. It's the only way to build up my patience.
  • #17,644
  • Sep 5, 2013 5:09am Sep 5, 2013 5:09am
Quoting nikz
Back to trading just one pair. It's the only way to build up my patience.
Im from 6 down to 2
Only way to build knowledge.................and pips

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,645
  • Sep 5, 2013 5:12am Sep 5, 2013 5:12am
Quoting jjre65
{quote} Im from 6 down to 2 Only way to build knowledge.................and pips J
You're right. I will add second pair when I buy another screen and when I'm satisfied with the results of trading just one pair.
  • #17,646
  • Sep 5, 2013 5:16am Sep 5, 2013 5:16am
Quoting nikz
{quote} You're right. I will add second pair when I buy another screen and when I'm satisfied with the results of trading just one pair.
Way to go
I can see in my mind where PA could be heading when Im at work, away from computer, on 2 pairs....I know hwere they are, what they are up to, what might happen next.........................its so much easier and much more fun

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,647
  • Sep 5, 2013 5:19am Sep 5, 2013 5:19am
Just took exit on EJ re entry for +.5 pips
took 24 pips on LO and early exit..................had to put one of the kids to bed.......................still like managing the trades hands on

J

im sure it will now bust through...............................now that Im out.................ha
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,648
  • Sep 5, 2013 5:28am Sep 5, 2013 5:28am
Quoting jjre65
Just took exit on EJ re entry for +.5 pips took 24 pips on LO and early exit..................had to put one of the kids to bed.......................still like managing the trades hands on J im sure it will now bust through...............................now that Im out.................ha
There's nothing better than pips in your pocket though....and the kids won't mind either
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,649
  • Sep 5, 2013 5:36am Sep 5, 2013 5:36am
Quoting realjumper
{quote} There's nothing better than pips in your pocket though....and the kids won't mind either
Happy trader when I hit the sack tonight

J

EDIT:..............and off it goes
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,650
  • Sep 5, 2013 5:38am Sep 5, 2013 5:38am
Quoting jjre65
{quote} Happy trader when I hit the sack tonight J EDIT:..............and off it goes
Yep...looking for R1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,651
  • Sep 5, 2013 5:41am Sep 5, 2013 5:41am
Quoting realjumper
{quote} Yep...looking for R1
Closely followed by ATR and Sinatra............................I Did It My Way
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,652
  • Sep 5, 2013 5:43am Sep 5, 2013 5:43am
Quoting jjre65
{quote} Closely followed by ATR and Sinatra............................I Did It My Way
I like the Sid Vicious version!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,653
  • Sep 5, 2013 5:46am Sep 5, 2013 5:46am
That EJ.. Dang.. I knew i shouldnt have taken that 30 min nap.. Oww well, live and learn.. To drink coffee!
  • #17,654
  • Sep 5, 2013 5:52am Sep 5, 2013 5:52am
Quoting realjumper
{quote} I like the Sid Vicious version!!
only when its trending and volitile...................rangebound needs gentle crooning........and Manhattens made w very good bourbon
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,655
  • Sep 5, 2013 5:54am Sep 5, 2013 5:54am
Quoting jjre65
{quote} only when its trending and volitile...................rangebound needs gentle crooning........and Manhattens made w very good bourbon
Sinatra was a connected man....worthy of unpredictable PA
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,656
  • Sep 5, 2013 5:55am Sep 5, 2013 5:55am
Well theres 20 pips I should have had instead of trying to be a smartass on he thread.........

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,657
  • Sep 5, 2013 5:56am Sep 5, 2013 5:56am
Quoting realjumper
{quote} Sinatra was a connected man....worthy of unpredictable PA
Touche Maestro
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,658
  • Sep 5, 2013 6:34am Sep 5, 2013 6:34am
Gooooood Morning

jumped last night in a long trade at GJ - set hard tp and sl 50
Lucky girl, worked out
Attached Image (click to enlarge)
Click to Enlarge Name: GJ m5.png Size: 34 KB
  • #17,659
  • Sep 5, 2013 7:53am Sep 5, 2013 7:53am
Although not a true Genesis trade (so I won't post a chart), the news trades gave back my earlier loss, plus a bit more, so I suppose I should thank Draghi....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,660
  • Sep 5, 2013 8:22am Sep 5, 2013 8:22am
Quoting realjumper
Although not a true Genesis trade (so I won't post a chart), the news trades gave back my earlier loss, plus a bit more, so I suppose I should thank Draghi....
I knew EA was a short trade..................

PM1
64 traders viewing now