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Genesis Matrix Trading

  • #17,881
  • Sep 18, 2013 2:06am Sep 18, 2013 2:06am
As you all probably know, we have the eagerly awaited FOMC meeting at GMT 18:00 this evening.

This has been the meeting that the US Fed is expected to announce that it MAY commence tapering of their QE.

This is probably the biggest financial event of the last 6 months.

So beware !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,882
  • Sep 18, 2013 2:58am Sep 18, 2013 2:58am
Morning/evening to all,

Before LO took very CT short trade on EJ. Normal Genesis setup was strengthened by divergence on both stochastics. SL was small and TP was on DP. Since trade was CT moved SL to BE as soon as I could. Only 13 pips but it's OK with current type of PA.
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  • #17,883
  • Sep 18, 2013 3:13am Sep 18, 2013 3:13am
Quoting Cold_W
Morning/evening to all, Before LO took very CT short trade on EJ. Normal Genesis setup was strengthened by divergence on both stochastics. SL was small and TP was on DP. Since trade was CT moved SL to BE as soon as I could. Only 13 pips but it's OK with current type of PA. {image}
I was committed on EA and GJ (M1) so I couldn't take that trade, but glad you got it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,884
  • Sep 18, 2013 3:16am Sep 18, 2013 3:16am
Quoting realjumper
{quote} I was committed on EA and GJ (M1) so I couldn't take that trade, but glad you got it
Thank you
Looks like DP did not really stopped it and I could have 10-15 pips more but it's OK, I'm still learning. BTW would you close that trade on DP or would you let it run?
  • #17,885
  • Sep 18, 2013 3:22am Sep 18, 2013 3:22am
Quoting Cold_W
{quote} Thank you Looks like DP did not really stopped it and I could have 10-15 pips more but it's OK, I'm still learning. BTW would you close that trade on DP or would you let it run?
I closed GJ at the DP, but once again, I didn't check the M5 chart. If I had checked the M5 I might well have stayed in the trade with a BE SL. That's twice I've made the same mistake......I'd better not do it a 3rd time or my shears might get confiscated!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,886
  • Sep 18, 2013 3:31am Sep 18, 2013 3:31am
Took a few pips from EA before news at 8:30 red flag GBP

Defensive trading but every little bit counts

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,887
  • Sep 18, 2013 3:33am Sep 18, 2013 3:33am
Quoting realjumper
{quote} I was committed on EA and GJ (M1) so I couldn't take that trade, but glad you got it

I think i was in the same trade as you (short order for EA). I closed out because i was afraid of it 'ranging' for +5 pips... Now it just popped southwards.. This PA now a days makes me second guess my trades. How do you do it? I guess Patience is a key phrase..

EDIT: Aww nevermind.. You were doing M1. Forgot you were testing.

That EJ.. If it were not for the pivot, i would have entered it.
  • #17,888
  • Sep 18, 2013 3:40am Sep 18, 2013 3:40am
This is where M1 "CAN" obscure your view of the bigger picture.

Unless you have multiple monitors, where you can see HTFs.

Just closed EJ trade for 52 pips
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,889
  • Sep 18, 2013 3:41am Sep 18, 2013 3:41am
Quoting hunter101
{quote} I think i was in the same trade as you (short order for EA). I closed out because i was afraid of it 'ranging' for +5 pips... Now it just popped southwards.. This PA now a days makes me second guess my trades. How do you do it? I guess Patience is a key phrase.. EDIT: Aww nevermind.. You were doing M1. Forgot you were testing. That EJ.. If it were not for the pivot, i would have entered it.
Wrong side of the DP for me too

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,890
  • Sep 18, 2013 3:46am Sep 18, 2013 3:46am
Quoting Martyfish
This is where M1 "CAN" obscure your view of the bigger picture. Unless you have multiple monitors, where you can see HTFs. Just closed EJ trade for 52 pips
Target BRN?
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,891
  • Sep 18, 2013 3:47am Sep 18, 2013 3:47am
Quoting Martyfish
This is where M1 "CAN" obscure your view of the bigger picture. Unless you have multiple monitors, where you can see HTFs. Just closed EJ trade for 52 pips
Don't need to see the HTF. The stochastic shows everything we need to know.

I checked the H1 charts before Frankie and EJ is not showing a trend on that TF. That said, provided the stochs all line up and Genesis Matrix agrees, then enter the trade....SL was 8 pips (on GJ).....profit was +19, and would have been +35-ish if I had used M5 to manage the trade, which is what I was supposed to do....doh!!!

I'm going to keep quiet about this M1 trading for the rest of the test now.....once the test is complete, I'll explain step by step how this is working and you might be surprised.....assuming it works and I don't have an M1 disaster of course!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,892
  • Sep 18, 2013 3:49am Sep 18, 2013 3:49am
Quoting hunter101
{quote} I think i was in the same trade as you (short order for EA). I closed out because i was afraid of it 'ranging' for +5 pips... Now it just popped southwards.. This PA now a days makes me second guess my trades. How do you do it? I guess Patience is a key phrase.. EDIT: Aww nevermind.. You were doing M1. Forgot you were testing. That EJ.. If it were not for the pivot, i would have entered it.
Yup was M1.....but all will be revealed in due course. With FOMC coming, perhaps that will clear the air and bring back volatility as Marty said
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,893
  • Sep 18, 2013 3:50am Sep 18, 2013 3:50am
Quoting Martyfish
This is where M1 "CAN" obscure your view of the bigger picture. Unless you have multiple monitors, where you can see HTFs. Just closed EJ trade for 52 pips
Awesome trade, Marty! I wish I was smart enough to stay in longer
  • #17,894
  • Sep 18, 2013 3:54am Sep 18, 2013 3:54am
Quoting jjre65
{quote} Target BRN?
jj,

Price just seem to stall at mS2, and was happy with +50 pips (haven't had that kind of trade for awhile)

I dont set targets, I let price tell me when to exit.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,895
  • Sep 18, 2013 4:00am Sep 18, 2013 4:00am
Quoting Martyfish
{quote} jj, Price just seem to stall at mS2, and was happy with +50 pips (haven't had that kind of trade for awhile) I dont set targets, I let price tell me when to exit.
Thanks

I dont set daily/weekly pip targets any more for the same mind set..................youll get what the trades are worth

Im trying to incorporate it my trades

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #17,896
  • Sep 18, 2013 4:15am Sep 18, 2013 4:15am
Quoting Cold_W
{quote} Awesome trade, Marty! I wish I was smart enough to stay in longer
Cold,

Its not about "being smart", its having a solid exit plan and sticking to it.

I was lucky on this trade, I still exit early sometimes, but if it in accordance with my strategy, I cant grumble.

An exit strategy is probably more important than a entry strategy.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #17,897
  • Sep 18, 2013 4:21am Sep 18, 2013 4:21am
Quoting Martyfish
{quote} Cold, Its not about "being smart", its having a solid exit plan and sticking to it. I was lucky on this trade, I still exit early sometimes, but if it in accordance with my strategy, I cant grumble. An exit strategy is probably more important than a entry strategy.
Could not agree with you more, Marty.
Now when I'm finally able to spot entry I need to work hard on my exit strategy. Thank you for sharing your experience!
  • #17,898
  • Sep 18, 2013 6:44am Sep 18, 2013 6:44am
Time for a nap for me.....back for the FOMC and we'll see if there is anything worth trading there......

Keep the coffee hot
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,899
  • Sep 18, 2013 6:52am Sep 18, 2013 6:52am
Quick question for the veterans here about FOMC... I am wondering, how do you trade this? For me it will be at 2AM (China time), not sure if i will be up, but FOMC is very volatile and not sure if there will be a good signal for Genesis to enter a trade (including wide spread). Just having thoughts here. Of course as Marty says, hopefully this will spice things up in a stale market.
  • #17,900
  • Sep 18, 2013 6:52am Sep 18, 2013 6:52am
Yes, RJ, it will be fascinating stuff in a few hours.

May be massive volatility, or a damp sqib, or somewhere in between !!

My bet is on the former
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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