Genesis Matrix Trading | Page 953 | 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

  • #19,041
  • Nov 1, 2013 5:32am Nov 1, 2013 5:32am
Quoting realjumper
{quote} I don't really know Jamz. I always thought that anyone can call themselves a Lawyer and tout for business under that name, but they can't do that if they want to use the word 'Solicitor'......kinda like anyone can be an 'Accountant'.....but to be a 'Chartered Accountant' and to use that title, you must be qualified. I think it's the same with lawyer/solicitor, but I could be wrong......
My understanding is historically a solicitor is one of the two types of lawyer, the other being a barrister. A barrister does court work, a solicitor does the non court work (e.g. property agreements etc).

However, like jjre said, in NZ, this distinction is largely abandoned, at least, according to Wikipedia ... http://en.wikipedia.org/wiki/Barrister#New_Zealand
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #19,042
  • Nov 1, 2013 5:36am Nov 1, 2013 5:36am
Quoting antantnz
{quote} My understanding is historically a solicitor is one of the two types of lawyer, the other being a barrister. A barrister does court work, a solicitor does the non court work (e.g. property agreements etc). However, like jjre said, in NZ, this distinction is largely abandoned, at least, according to Wikipedia ... http://en.wikipedia.org/wiki/Barrister#New_Zealand

Hmm...I thought a barrister was just a flash name for a person who makes coffee!!.........oops.....that's a barister, my bad
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,043
  • Nov 1, 2013 6:04am Nov 1, 2013 6:04am
This my second attempt at shorting EA tonight.....last time was a -5 exit......
Attached Image (click to enlarge)
Click to Enlarge Name: eam1.jpg Size: 98 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,044
  • Nov 1, 2013 6:30am Nov 1, 2013 6:30am
Quoting realjumper
This my second attempt at shorting EA tonight.....last time was a -5 exit...... {image}

SL to BE (at last!)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,045
  • Nov 1, 2013 6:37am Nov 1, 2013 6:37am
Quoting realjumper
{quote} SL to BE (at last!)
I'm in there too.............BE+2...............5 pips from 1st target

PM1
  • #19,046
  • Nov 1, 2013 6:40am Nov 1, 2013 6:40am
Quoting PipMonster1
{quote} I'm in there too.............BE+2...............5 pips from 1st target PM1
Nice....

I'm now at BE +10

Edit: +15 now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,047
  • Nov 1, 2013 6:58am Nov 1, 2013 6:58am
Quoting realjumper
{quote} Nice.... I'm now at BE +10 Edit: +15 now
Closed at +20.....difficult PA on this pair tonight
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,048
  • Nov 1, 2013 7:05am Nov 1, 2013 7:05am
Quoting realjumper
{quote} Closed at +20.....difficult PA on this pair tonight
Target hit for half position for me at +24 but the other half still sitting there at +15...........

PM1

EDIT - Trailing Stop hit so avg +19.5pips.........I've got my +10 for today plus some change..
  • #19,049
  • Nov 1, 2013 7:10am Nov 1, 2013 7:10am
Quoting PipMonster1
{quote} Target hit for half position for me at +24 but the other half still sitting there at +15........... PM1
With a bit of luck NY will give it a push down for you.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,050
  • Nov 1, 2013 7:31am Nov 1, 2013 7:31am
From a TA standpoint.....EU seems to be entering a support area.....and maybe a Head & Shoulders might form here and if that pans out, technically speaking it brings 1.32 into view.

This support area will be what's holding up EA I guess too

Just sayin'......
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 124 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,051
  • Nov 1, 2013 7:53am Nov 1, 2013 7:53am
Quoting realjumper
From a TA standpoint.....EU seems to be entering a support area.....and maybe a Head & Shoulders might form here and if that pans out, technically speaking it brings 1.32 into view. This support area will be what's holding up EA I guess too Just sayin'...... {image}
WOW, there's heaps of support there..........thanks for the chart RJ.

PM1
  • #19,052
  • Nov 1, 2013 7:56am Nov 1, 2013 7:56am
Quoting PipMonster1
{quote} WOW, there's heaps of support there..........thanks for the chart RJ. PM1
You're welcome PM1.....I don't go much for those Head and Shoulders things, but I thought I'd point it out anyway.....I have to let Kosmo know that I still can do the TA thing when I have to :nerd:
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,053
  • Nov 1, 2013 8:03am Nov 1, 2013 8:03am
Fed's Bullard, just started a speech.

His comments can move the market, so beware
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,054
  • Nov 1, 2013 8:05am Nov 1, 2013 8:05am
Quoting Martyfish
Fed's Bullard, just started a speech. His comments can move the market, so beware
Thanks for the heads up Marty...................wondering why the GJ started bouncing....

PM1
  • #19,055
  • Nov 1, 2013 8:06am Nov 1, 2013 8:06am
Quoting Martyfish
Fed's Bullard, just started a speech. His comments can move the market, so beware
Thanks Marty.....I've opened the tequila so no more trading for me, but I'm keen to see what Bullard has to say....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,056
  • Nov 1, 2013 8:12am Nov 1, 2013 8:12am
Fed’s Bullard: Small taper would still leave very stimulative policy

^^^ click the link for updates if you want to know what he's yappin about...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,057
  • Nov 1, 2013 8:18am Nov 1, 2013 8:18am
Quoting Martyfish
Fed's Bullard, just started a speech. His comments can move the market, so beware
Hmmm...he seems to be painting a pretty optimistic picture there Marty....do you have any more details?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,058
  • Nov 1, 2013 9:18pm Nov 1, 2013 9:18pm
Quoting realjumper
{quote} You're welcome PM1.....I don't go much for those Head and Shoulders things, but I thought I'd point it out anyway.....I have to let Kosmo know that I still can do the TA thing when I have to :nerd:
Lol...Kosmo does not need to be persuaded to know how versatile your trading knowledge is, Professor. I am not much interested in price formations like HS, either. My main focus is on HTF areas of strong confluence, namely S/D (supply/demand) zones, coupled with key S/R and simple candlestick reversal patterns. I am far from forming a bias on the basis of such analysis, though. Instead, once I've spotted a potential setup, Genesis steps in to confirm the entry.
Some might disagree, but for me this is what constitutes smart, stress free and effective high probability trading with optimal risk management. A holistic yet simple approach to trading, where the big picture meets precision, and in which Genesis plays an important role.
What I really love about this approach, is that because I monitor the H4+ charts for setups, I have plenty of time to analyse 15+ pairs, which makes up for the inherent lower frequency of trades on the HTFs.

I certainly do not want to go against the thread rules, so I will only post this once to illustrate how I look at the HTFs. I will delete the post should you wish, RJ.
The example below is my last short trade on CHFJPY. The screenshot should be self-explanatory, but I will just add that (if well managed) the trade could give 165 pip profit for 35 pip SL, i.e. 4.7:1 RR. I only caught 90 pips of it, but it's still early days for me.

So...back to my 'fools game' next week... Have a great weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: supdem4h.jpg Size: 67 KB
mind over matter
  • #19,059
  • Nov 2, 2013 5:31pm Nov 2, 2013 5:31pm
Quoting kosmo
So...back to my 'fools game' next week...
Point taken!!

Actually I don't disagree with much of what you said because clearly you are a) learning to trade the larger TF's, and b) have recognised that 'reversal patterns' can be unreliable.....but tend to be more reliable as the TF gets larger. Personally I don't like 'reversal patterns' any more than I like H & S type patterns because I have seen them fail more often than succeed, and they always look good in hindsight, which is what most analysts ever show!

But....having said that, there's nothing wrong with taking note of these patterns and other area's of s/r to keep in the back of your mind for future reference. I do this too.

What really winds me up though, and I saw this earlier on in the week.....some person (on another thread) stating that when the currency pair 'gets to x level, he was going to short it.'.....'x' level being 160 pips further north! So he/she is going to sit and watch the PA travel 160 pips north, and then short it, just because that is the plan that he/she has convinced himself of. To me.....one word fit's that trader...MUPPET!!!

Why not trade the 160 pips north if the trader is so certain that it's going to get there? And why pre-determine that if/when it gets there that it will reverse?......because it did in the past?......because it is a historic s/r area? So it's simply impossible for the PA to carry on even further north??

Those are the sorts of things that lead a trader into losses......

I have no objection to your charts Jo, at all. They are long term 'possibilities' and I have posted plenty of those sorts of charts here in the past. It's when people close their minds (as the trader above) to anything other than their bias that I get upset, because it's foolish and WILL lose a trader money!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,060
  • Nov 3, 2013 1:49am Nov 3, 2013 1:49am
Quoting realjumper
{quote} Point taken!! Actually I don't disagree with much of what you said because clearly you are a) learning to trade the larger TF's, and b) have recognised that 'reversal patterns' can be unreliable.....but tend to be more reliable as the TF gets larger. Personally I don't like 'reversal patterns' any more than I like H & S type patterns because I have seen them fail more often than succeed, and they always look good in hindsight, which is what most analysts ever show! But....having said that, there's nothing wrong with taking note of...
Great RJ
I agree with everything you said. Unfortunately, it is our heads that makes us do those considerations and the difficulty is that propio, ie only analyze what you see.

Another thanks to RJ.
87 traders viewing now