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Genesis Matrix Trading

  • #19,461
  • Nov 25, 2013 9:03pm Nov 25, 2013 9:03pm
Quoting jjre65
{quote} Really should have been a +30 trade. 7 pips late getting into it and current PA was giving good indications of its intentions, plus PA was ranging from a bear break so the long was CT if anything Getting the eye trained for M1 takes a bit of work as does the quicker decision making when there is a quick turn in PA but its getting easier the more time I spend w it. Still dont have any 'noise' issues at all. When I finally looked at that buy set up taking the trade only took a second or 2.......had benn watching all morning though. Getting...

Yup...that all sounds good....you're getting the hang of this well.

My GU is at BE +2 at the moment
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,462
  • Nov 25, 2013 9:04pm Nov 25, 2013 9:04pm
Quoting ExcessFX
2nd trade for me today, a humble 13 pips.... GJ M1. TP was at BRN {image}
13 pips in your pocket is a great deal
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,463
  • Nov 25, 2013 9:13pm Nov 25, 2013 9:13pm
Quoting realjumper
{quote} Yup...that all sounds good....you're getting the hang of this well. My GU is at BE +2 at the moment
seems to be getting snagged at the GJ BRN..............free ride though as you say

J

Edit: BRN/ yesterdays low
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,464
  • Nov 25, 2013 9:24pm Nov 25, 2013 9:24pm
Welcome to all new Genesis traders

@spyderman - nice to have another HTF lover on board
mind over matter
  • #19,465
  • Nov 25, 2013 9:42pm Nov 25, 2013 9:42pm
Just to say hi to everyone here...

RJ - thanks for allowing to join...
  • #19,466
  • Nov 25, 2013 10:21pm Nov 25, 2013 10:21pm
Quoting jjre65
{quote} . The good signals seem very very clear. The poor ones are when the stochs havent got the hungry mouth going. Onwards and upwards J
Yes, the wide open mouths are lovely on the stochastic prior to entry but I see it as a trade off. The wider the mouth the higher the probability of strong move but it also means the move has started which in turn opened the stochs mouth to begin with and with that the SL is becoming more and more expensive and further to that the higher probability of a retrace toward the SL.

Like everything in life its a trade off.
Anybody with any thoughts on how to tackle this one?
Regards Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #19,467
  • Nov 25, 2013 10:56pm Nov 25, 2013 10:56pm
Quoting jjre65
BTW PM1, and I'm not trying to turn the thread into a Vicars tea party...................................but are you anywhere near the Beerwah Glasshouse Mountains? Played football [soccer to other nations] on a school 1st X1 trip there decades ago and beat the under 18 rep side 2-1.........I think, but I could be re-writing history. Had a great time and all the lads got billeted out w very nice people. Break over and back to work. J.
Sorry for taking so long to get back to you J........no I live out in the Western Suburbs...........a Westie!!

Beerwah is North of me.......nice little area up there.

PM1
  • #19,468
  • Nov 25, 2013 11:33pm Nov 25, 2013 11:33pm
Quoting anthm
{quote} Yes, the wide open mouths are lovely on the stochastic prior to entry but I see it as a trade off. The wider the mouth the higher the probability of strong move but it also means the move has started which in turn opened the stochs mouth to begin with and with that the SL is becoming more and more expensive and further to that the higher probability of a retrace toward the SL. Like everything in life its a trade off. Anybody with any thoughts on how to tackle this one? Regards Anthm
Hi anthm

Yes, risk/reward
This is how I read the situation, remembering we are trading signals and rules here.

Chart 1. M1:
1. is a heads up that something might be building. Price isnt cracking the BRN but its nudging at it like its in the way and its not being truely rejected.
2. VERY strong stochs in tandem.....this is important to me cause theyre going together at the same pace and momentum.
These are perfect stochs, too sharp a rise can be as weak a signal as too flat.
Now we have the M5 signal starting too and a white out complete outside a 5min bracket.....cant repaint, and a breach of the BRN albeit minor

Chart 2. M5
PA is pretty obvious
3. and 4. there were easy crosses of the BRN w not much bouncing, which tells me a softish BRN as it is being broken regularly despite providing S/R
5. and now the M5 and start of the MTF arrow
Stochs are very good on M15 and M30. It takes a stong push to get M15 and M30 to flip like that without it being a news spike.
6. the real bounce line and where I put my SL....18 pips I think it was. To be honest I didnt check the SL before I opened the trade because I knew it was in the 20 ball park, and the signal, to me was a no brainer.

Finally, look left...................nice pattern............pity I didnt pay more attn to it at exit time!

Now Id been looking at that pair since Sydney open, and storing all that info away in the build up. On M1 you have to get more used to processing the final piece of the puzzle a lot faster than on M5 for eg. Im down to 2 pairs from 3.....ditched GU this morning for the reasons above.......there is the same amount of watching to do but you need to be more nimble at execution time and for me, not have a lot of other pair info in the mind. Yes it was a CT and I knew the possible limitations.......................but no way in hell would I have not gone long there.

Cheers J
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpym1antm1.png Size: 52 KB
Click to Enlarge Name: antm5.png Size: 60 KB
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,469
  • Nov 25, 2013 11:39pm Nov 25, 2013 11:39pm
Quoting anthm
{quote} Yes, the wide open mouths are lovely on the stochastic prior to entry but I see it as a trade off. The wider the mouth the higher the probability of strong move but it also means the move has started which in turn opened the stochs mouth to begin with and with that the SL is becoming more and more expensive and further to that the higher probability of a retrace toward the SL. Like everything in life its a trade off. Anybody with any thoughts on how to tackle this one? Regards Anthm
What you are saying Anthm is quite true. The wider the mouth the greater the SL but I have also found if that M15 mouth gets wide quite quickly the trade is not that good to ride. How to tackle this - don't trade and wait for something else to come along.

Go back in the charts and look at M15 with mega mouths and see how they turned out............look at mouths that are just right and see how the turn out..........while you are at it look at the steepness of the M5 stoch...........if mega steep and against the trend - stay away!! The only time this doesn't work is at news event times.

PM1
  • #19,470
  • Nov 25, 2013 11:43pm Nov 25, 2013 11:43pm
Quoting jjre65
{quote} Hi anthm Yes, risk/reward This is how I read the situation, remembering we are trading signals and rules here. Chart 1. M1: 1. is a heads up that something might be building. Price isnt cracking the BRN but its nudging at it like its in the way and its not being truely rejected. 2. VERY strong stochs in tandem.....this is important to me cause theyre going together at the same pace and momentum. These are perfect stochs, too sharp a rise can be as weak a signal as too flat. Now we have the M5 signal starting too and a white out complete...
Yeah what J said!!

PM1
  • #19,471
  • Nov 25, 2013 11:45pm Nov 25, 2013 11:45pm
Quoting PipMonster1
{quote} Yeah what J said!! PM1
you do make me laugh PM1.............hope you had a nice weekend!

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,472
  • Nov 25, 2013 11:55pm Nov 25, 2013 11:55pm
Quoting jjre65
{quote} you do make me laugh PM1.............hope you had a nice weekend! Cheers J.
I had a huge weekend J.............too huge I couldn't trade yesterday morning - if you know what I mean. A great weekend with family and friends.

You are doing very well. I like your analysis.

PM1
  • #19,473
  • Nov 25, 2013 11:57pm Nov 25, 2013 11:57pm
Quoting PipMonster1
{quote} I had a huge weekend J.............too huge I couldn't trade yesterday morning - if you know what I mean. A great weekend with family and friends. You are doing very well. I like your analysis. PM1
boy that is a big slurp up if you cant trade................bet it was fun though

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,474
  • Nov 26, 2013 12:04am Nov 26, 2013 12:04am
Quoting PipMonster1
{quote} What you are saying Anthm is quite true. The wider the mouth the greater the SL but I have also found if that M15 mouth gets wide quite quickly the trade is not that good to ride. How to tackle this - don't trade and wait for something else to come along. Go back in the charts and look at M15 with mega mouths and see how they turned out............look at mouths that are just right and see how the turn out..........while you are at it look at the steepness of the M5 stoch...........if mega steep and against the trend - stay away!! The only...
Thanks PM for your take on the subject,
cheers anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #19,475
  • Nov 26, 2013 12:09am Nov 26, 2013 12:09am
Quoting jjre65
{quote} boy that is a big slurp up if you cant trade................bet it was fun though J
Had a ball!!

One of my trading rules is that I must not be under the influence..................no matter how good the trade looks.

Also, can't be sick................basically be at my best because I know the traders against me are at their best!

PM1
  • #19,476
  • Nov 26, 2013 12:12am Nov 26, 2013 12:12am
Quoting PipMonster1
{quote} Had a ball!! One of my trading rules is that I must not be under the influence..................no matter how good the trade looks. Also, can't be sick................basically be at my best because I know the traders against me are at their best! PM1
or how good the booze looks
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,477
  • Nov 26, 2013 1:01am Nov 26, 2013 1:01am
Quoting Jamz
{quote} Hi Goldminer, It looks like it is me to help you out as I recognize something similar here.... At lease you know you're wrong. If I may talk generally, yes, we need the money NOW hurry up!!! but actually, money is not like that with trading. Money is the tool, the lever that we can use in forex and money may be the result but other than that, it has nothing to do with trading. That is something else and why on this thread we talk about pips. Mr Market doesn't care or know your circumstances. It is frustrating learning but that...
Yup.you are right Jamz and thanks for your advice. I will take it into my note. Ya, accumulating pips is most important part here. I have to change my mindset from now, slowly and consistent...yaya, sometime the price reversals and I quite often facing this kind of situation, then I started to nervous and let go quickly...then all of you should know what happen next right? ..It is ok Jamz, your comments really useful to me..Thanks ya.Have a nice day. Cheers
  • #19,478
  • Nov 26, 2013 1:04am Nov 26, 2013 1:04am
Hi, anyone here know what happening to my chart? For your info, I am using Fxprimus. Any ideas? Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m1.png Size: 30 KB
  • #19,479
  • Nov 26, 2013 1:12am Nov 26, 2013 1:12am
Quoting Gold Miner
Hi, anyone here know what happening to my chart? For your info, I am using Fxprimus. Any ideas? Thank you. {image}
change to another time frame and then back to M1
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,480
  • Nov 26, 2013 1:17am Nov 26, 2013 1:17am
Quoting jjre65
{quote} change to another time frame and then back to M1
Hi, jjre65. I have been tried so many times, but still the same.don't know why...thanks.
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