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Genesis Matrix Trading

  • #19,401
  • Nov 24, 2013 8:44pm Nov 24, 2013 8:44pm
Quoting spyderman
Hey all. Thanks for the admittance and the hard work you're all doing here. I've been following you all from the shadows these past months and use to post here back in 2012, so glad to be back on board. Haven't quite got the hand on the M1 you started recently but I have been developing a higher TF approach that looks very promising. Hope to be able to contribute as things progress. Cheers and happy trading.
Hi...I'm certain that others here will be very interested in any HTF approaches
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,402
  • Nov 24, 2013 10:27pm Nov 24, 2013 10:27pm
Dear RJ and all

Thanks for the admittance and for those who contributing in this thread. i have been follow this thread everyday, really nice thread, but i have to say my big problem is impatience and some revenge trades (somehow my emotion controlling me). I have no choice coz i really urgently need some money to settle my debts and I know that is wrong. Anyway, i will learn from the lesson and hope all of us will learn together in this thread.

cheers and happy trading!
  • #19,403
  • Nov 24, 2013 11:02pm Nov 24, 2013 11:02pm
Well, I missed the EJ and EA trades earlier, but got a slow moving +22 on AU ...
  • #19,404
  • Nov 24, 2013 11:04pm Nov 24, 2013 11:04pm
Hi All,

Its great to be a part of the thread. I've been lurking for quite a while now.
Special thanks to RJ and the team for the wealth of information on here.

Looking forward to contributing.

Keep up the good work Genesis team!
Learn from your mistakes until you succeed. It's that simple.
  • #19,405
  • Nov 24, 2013 11:09pm Nov 24, 2013 11:09pm
My very first M1 trade from earlier today, even grabbed a few pips! (10 ish)
Exited way too soon however.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ M1.png Size: 54 KB
Learn from your mistakes until you succeed. It's that simple.
  • #19,406
  • Nov 24, 2013 11:19pm Nov 24, 2013 11:19pm
Quoting ExcessFX
My very first M1 trade from earlier today, even grabbed a few pips! (10 ish) Exited way too soon however. {image}
Hi ExcessFX

Have you got pivots and market open times attached to your charts?

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,407
  • Nov 24, 2013 11:28pm Nov 24, 2013 11:28pm
Quoting jjre65
{quote} Hi ExcessFX Have you got pivots and market open times attached to your charts? J
I was going to say the same thing. ExcessFX, You should be able to see the Tokyo Open and also DR1 Pivot (which is ~164.56) on your chart. Even though it didn't have an impact on this particular trade, it is still very important to be aware of these.
  • #19,408
  • Nov 24, 2013 11:35pm Nov 24, 2013 11:35pm
Hi J

I use the reasonably discrete pivots indi that only show up at the front of the chart, also use RJs sweet spots indi.
I must sort out the market open indi, i had it all sorted prior to daylight saving...

I've attached an example of chart setup, open to comments of course...

XS
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-25 at 6.32.51 pm.png Size: 87 KB
Learn from your mistakes until you succeed. It's that simple.
  • #19,409
  • Nov 24, 2013 11:44pm Nov 24, 2013 11:44pm
Quoting ExcessFX
Hi J I use the reasonably discrete pivots indi that only show up at the front of the chart, also use RJs sweet spots indi. I must sort out the market open indi, i had it all sorted prior to daylight saving... I've attached an example of chart setup, open to comments of course... XS {image}
Its very easy to make basic mistakes and not having the market open times running is risky, esp around FFO/LO

Aside from protecting yourself it also allows other traders in a diff time zones to be able to look at your trades easily on their own platforms when you are asking questions or seeking help.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,410
  • Nov 24, 2013 11:45pm Nov 24, 2013 11:45pm
Thanks for the feed back guys, and for pointing that out. All taken onboard.
Trade was during my lunch hour (NZ time), Tokyo would have been about to open.

XS
Learn from your mistakes until you succeed. It's that simple.
  • #19,411
  • Nov 25, 2013 12:07am Nov 25, 2013 12:07am
Quoting ExcessFX
My very first M1 trade from earlier today, even grabbed a few pips! (10 ish) Exited way too soon however. {image}
Nice one, as you can see from earlier post I entered 11 minutes after you, as it was CT I wanted to see it push trough the YH line then use YH as a cheap exit if it went against me. which it obviously eventually did.
Cheers
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #19,412
  • Nov 25, 2013 12:38am Nov 25, 2013 12:38am
Quoting ExcessFX
Hi J I use the reasonably discrete pivots indi that only show up at the front of the chart, also use RJs sweet spots indi. I must sort out the market open indi, i had it all sorted prior to daylight saving... I've attached an example of chart setup, open to comments of course... XS {image}
For us Kiwi's, the market open times indi is easy to set. These are my settings...take note that I don't have Frankie open because it's just 1 hour before London (8pm), and I don't have NY open (2am) either. I just focus on Tokyo open and London open.

In the indi....

Tokyo open : 2
London Open: 10
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,413
  • Nov 25, 2013 12:56am Nov 25, 2013 12:56am
Quoting realjumper
{quote} For us Kiwi's, the market open times indi is easy to set. These are my settings...take note that I don't have Frankie open because it's just 1 hour before London (8pm), and I don't have NY open (2am) either. I just focus on Tokyo open and London open. In the indi.... Tokyo open : 2 London Open: 10
As long as your brokers server is in NY RJ?

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,414
  • Nov 25, 2013 1:06am Nov 25, 2013 1:06am
Thanks RJ, these settings are working for me. Good idea about NY etc. I have blacked these out.

XS
Learn from your mistakes until you succeed. It's that simple.
  • #19,415
  • Nov 25, 2013 1:11am Nov 25, 2013 1:11am
Quoting ExcessFX
Thanks RJ, these settings are working for me. Good idea about NY etc. I have blacked these out. XS
Doesn't really matter where the server is, as long as the GMT offset is correct, which I think is GMT+3 at the moment
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,416
  • Nov 25, 2013 1:21am Nov 25, 2013 1:21am
slow moving long on GU off the DP....................not surprising how far GJ has travelled today

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,417
  • Nov 25, 2013 1:42am Nov 25, 2013 1:42am
Just had my loss for the day, J seems we where on the same trade.
Finished for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 25 Nov.jpg Size: 258 KB
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #19,418
  • Nov 25, 2013 1:47am Nov 25, 2013 1:47am
Quoting anthm
Just had my loss for the day, J seems we where on the same trade. Finished for the day. {image}
Its going to have to take out the BRN before I quit on it
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,419
  • Nov 25, 2013 1:48am Nov 25, 2013 1:48am
Quoting anthm
Just had my loss for the day, J seems we where on the same trade. Finished for the day. {image}
This is why I use the M5 and M1 together if I'm going to enter m1 trades. GU (M5) has been going down since Tokyo open, so your long trade was counter to the trend (CT). If you're going to trade CT, you have to be prepared to exit with small profits and not stay in the trade too long in case the trend resumes and knocks you out.

Better to trade with the trend......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,420
  • Nov 25, 2013 2:21am Nov 25, 2013 2:21am
Hi RJ,

Thanks for the invite,Ive been following for quite some time now. I used to trade longer timeframe's but have been trying to find a suitable method on the shorter timeframes.
I have been using the Genesis system with 3 range bar charts. It really smooths out the noise . But i follow all the rest of the rules as per your PDF's.

Thanks for the work you guy's and girl's have put into this thread and system. I like that there isn't many hindsight trade's . A lot of the time you give your entry points and possible target in real time. I'm not consistant enough yet with it ,but hope to get there soon.


cheers..........ECO.
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