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Genesis Matrix Trading

  • #17,841
  • Sep 15, 2013 7:45pm Sep 15, 2013 7:45pm
Quoting realjumper
{quote} Today and tomorrow I will be sort of, 'in and out' because tomorrow at 6am (shock) I have to be at the hospital with Mum for the first of her cataract operations, so trading might be a bit disrupted for me. Still....we'll see, and at worst it's only a couple of days.....
All the best for your Mum RJ.

Summers' withdraw for Fed post gapped up/down the market ... take your time ;-)
You control how you trade; the market controls how and when you'll get paid
  • #17,842
  • Sep 15, 2013 10:43pm Sep 15, 2013 10:43pm
Quoting wiz3003
{quote} All the best for your Mum RJ. Summers' withdraw for Fed post gapped up/down the market ... take your time ;-)
Thank you Wiz

Not sure how long I'll be here for as I need to be up early tomorrow, but I'll be here for the next few hours anyway.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,843
  • Sep 15, 2013 11:51pm Sep 15, 2013 11:51pm
Quoting realjumper
{quote} Thank you Wiz Not sure how long I'll be here for as I need to be up early tomorrow, but I'll be here for the next few hours anyway.....
There's no RED news tonight except the Muppet Show which is starting soon.....................I don't think you are going to miss anything dramatic..

Only 1 trade for me today so far - AU short for +15 (earlier today) (start the week off slow...)

PM1
  • #17,844
  • Sep 15, 2013 11:56pm Sep 15, 2013 11:56pm
Quoting PipMonster1
{quote} There's no RED news tonight except the Muppet Show which is starting soon.....................I don't think you are going to miss anything dramatic.. Only 1 trade for me today so far - AU short for +15 (earlier today) (start the week off slow...) PM1
Yup....no way of knowing how the charts will react to chief Muppets yappin!

Was your AU trade on M1 or was it a 'normal' trade?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,845
  • Sep 16, 2013 12:01am Sep 16, 2013 12:01am
Quoting realjumper
{quote} Yup....no way of knowing how the charts will react to chief Muppets yappin! Was your AU trade on M1 or was it a 'normal' trade?
Normal trade -

I'll attach a pic soon.........london open...

PM1

EDIT - Must learn how to attach cropped files....Word seems easy but there must be an easier way.
Attached File(s)
File Type: doc ff.doc   64 KB | 598 downloads
  • #17,846
  • Sep 16, 2013 12:06am Sep 16, 2013 12:06am
Quoting PipMonster1
{quote} Normal trade - I'll attach a pic soon.........london open... PM1 EDIT - Must learn how to attach cropped files....Word seems easy but there must be an easier way. {file}
Thanks.....I was just wondering as you made a nice M1 trade last week.

Are you having a problem cropping images?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,847
  • Sep 16, 2013 12:28am Sep 16, 2013 12:28am
I've entered 2 trades today...both sells, both on M1. I probably exited both trades a bit too soon, but it's a learning curve for me too. Even still....

EA - +17 (entered at 4328)
GJ - +23 (entered at 5782)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,848
  • Sep 16, 2013 12:36am Sep 16, 2013 12:36am
Quoting realjumper
I've entered 2 trades today...both sells, both on M1. I probably exited both trades a bit too soon, but it's a learning curve for me too. Even still.... EA - +17 (entered at 4328) GJ - +23 (entered at 5782)
EXCELLENT work RJ.

Cropping - I save all my pics of entry with an extra indicator (that I use) and wanted to take it out. Word was easy but now that I think of it Paint would also work. Is there anything else that is commonly used?

PM1
  • #17,849
  • Sep 16, 2013 12:39am Sep 16, 2013 12:39am
EA trade time- 0752 ??

GJ trade - 0820 ??

PM1
  • #17,850
  • Sep 16, 2013 12:43am Sep 16, 2013 12:43am
Quoting PipMonster1
{quote} EXCELLENT work RJ. Cropping - I save all my pics of entry with an extra indicator (that I use) and wanted to crop it out. Word was easy but now that I think of it Paint would also work. Is there anything else that is commonly used? PM1
I use Photoshop CS2 for my image work, but there must be a zillion free graphics programs available. Perhaps someone has something simple to share?

My first 2 m1 trades worked out in the green, so that's great.....if I had have checked th4e M5 before exiting, I might still be in the EA sell trade. I'm not crying about it....just something I need to add to my M1 check list
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,851
  • Sep 16, 2013 12:46am Sep 16, 2013 12:46am
Quoting PipMonster1
EA trade time- 0752 ?? GJ trade - 0820 ?? PM1

07.55 & 08.24
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,852
  • Sep 16, 2013 12:50am Sep 16, 2013 12:50am
Quoting realjumper
{quote} 07.55 & 08.24
Thanks. I just wanted to see what you are looking for in the chart. Considering the times are close we have the same idea.

PM1
  • #17,853
  • Sep 16, 2013 12:53am Sep 16, 2013 12:53am
Quoting PipMonster1
{quote} Thanks. I just wanted to see what you are looking for in the chart. Considering the times are close we have the same idea. PM1
Yep.....I'll try and post charts and 'live' trades where possible because this will make it easier for everyone. Today and tomorrow is a bit difficult though because I need about 6 pairs of hands!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,854
  • Sep 16, 2013 1:16am Sep 16, 2013 1:16am
Quoting realjumper
{quote} Yep.....I'll try and post charts and 'live' trades where possible because this will make it easier for everyone. Today and tomorrow is a bit difficult though because I need about 6 pairs of hands!!
Thanks RJ.


I know you are testing the M1...........just curious of your entry.......charts...only when you have time......

PM1
  • #17,855
  • Sep 16, 2013 2:30am Sep 16, 2013 2:30am
Not sure I quite understand trading a different TF, because of a change in market conditions ?

The Fed meeting on Thursday night, has been the main event looming over the financial markets all summer (will they/wont they TAPER ??). Add in US budget talks and the German elections.

We may actually find volatility returning to normal very soon, just as some start trading a new TF.

Anyway, my thoughts, for what they are worth ????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,856
  • Sep 16, 2013 2:40am Sep 16, 2013 2:40am
Quoting Martyfish
Not sure I quite understand trading a different TF, because of a change in market conditions ? The Fed meeting on Thursday night, has been the main event looming over the financial markets all summer (will they/wont they TAPER ??). Add in US budget talks and the German elections. We may actually find volatility returning to normal very soon, just as some start trading a new TF. Anyway, my thoughts, for what they are worth ????
I think I spoke about it here Marty. In essence, because the past 2 weeks have been pretty flat, I'm investigating whether or not our system can be used safely in the m1 TF. Initial testing suggests that it can work, and given that all moves start with M1, if the trades are taken with the medium term trend, then small SL's and early entries are possible, for a potential outrageous R:R....in fact if I had have been managing the EA trade properly, the R:R would have been about 6:1 or more!! So there should be no disadvantage to doing this, but the added advantage of being able to eek out some pips in safety, when the PA is flat

It's testing to see if we can have (for want of a better name) a m1-M5 method in much the same way that we have the 515 method etc etc.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,857
  • Sep 16, 2013 2:56am Sep 16, 2013 2:56am
RJ,

I have been reading this thread all along, and respect your logic for investigating the potential of a M1/M5 strategy.

My profitability has been hit over the last 2 months, but my thoughts are that I am prepared to wait for a return to normal market conditions ( as it may be sooner than we think), rather than move down a TF.

I was actually discussing with another trader friend, of preparing for a potential significant increase in volatility, as we all know the longer a tight range lasts, the bigger the breakout.

All the talk over the last 12/18 months has been what would happen when the Fed began tapering.

Well we are finally here.

If some of the less experienced traders moving to M1, at a time of (potentially) significant increase in volatility, could be unfortunate timing.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,858
  • Sep 16, 2013 3:08am Sep 16, 2013 3:08am
Quoting realjumper
{quote} I use Photoshop CS2 for my image work, but there must be a zillion free graphics programs available. Perhaps someone has something simple to share?
I use pixlr.com - online image editing ... if you choose advanced, then it's basically very similar to photoshop but free!

Even better, if you're a chrome user you can install it as an app (and possibly on firefox too).
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #17,859
  • Sep 16, 2013 3:12am Sep 16, 2013 3:12am
Quoting Martyfish
RJ, I have been reading this thread all along, and respect your logic for investigating the potential of a M1/M5 strategy. My profitability has been hit over the last 2 months, but my thoughts are that I am prepared to wait for a return to normal market conditions ( as it may be sooner than we think), rather than move down a TF. I was actually discussing with another trader friend, of preparing for a potential significant increase in volatility, as we all know the longer a tight range lasts, the bigger the breakout. All the talk over the last 12/18...
Yes, you're quite right Marty....I'm not advocating anyone follow what I'm doing at this stage....I'm just investigating whether it can be done safely or not. For instance, I know that you won't trade against the H1 stoch. If a similar safety 'valve' can be incorporated into the M1 chart to gain a good entry with the trend, then it could be advantageous. As I mentioned in that link I posted above, I'm sure that many newer traders lost a lot of money over the past couple of weeks trying to trade the PA that actually offered no trade at all......you and I and other more experienced traders just sit out the doldrums and wait for the volatility to return.

But what if, as we saw last week, the PA is going up and down 20-30 pips all day? If offers no entry on the M5 charts, but it offers good entries on the M1 charts. With SL placed above the swings as per normal, the risk is minimal.....10 pips at most and the SL is just as safe as in the M5 chart, because it is place in the same spot. So....if the overall trend is (say) down, but the swings are too small to trade on the M5, but are trade-able on the M1, then the trader can simply 'sell the rallies'.......same as he/she would do on any other TF. The SL is less, the risk is small, the profits are small, but potentially good........and the trader who feels he/she must trade (and we have all been there), can at least do it with safety.

It might not work out that way Marty....but it's worth investigating, imo.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,860
  • Sep 16, 2013 3:31am Sep 16, 2013 3:31am
RJ,

I would never question your ability to design a comprehensive strategy.

I find the biggest problem, is when waking each morning, what kind of market we will have "today".

Scouring H4 & H1, for potential setups. I couldn't possibly imagine being able to assess in advance that, the market was suitable for M1 scalping.

Re markets that, as you said, bounce around, all I do is trade with my HTF stoch.

Just putting the thought out there, that, if anyone wishes to follow, M1 trading takes a huge amount of discipline to trade, as signals come and go, at lightening speed.

Then if volatility suddenly exploded, changing to different TF strategies, is not easy.

Maybe, I am just getting old and set in my ways (yes !! finally achieved it !! )
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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