Genesis Matrix Trading | Page 978 | 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

  • #19,541
  • Nov 27, 2013 7:42am Nov 27, 2013 7:42am
Quoting realjumper
Here is an example of scaling in that I do sometimes. I entered both of these trades on the M1, but the M5 is shown because otherwise the chart is too wide to be able to see here properly!! Anyway, you can see the 2 trades.....both SL's are in the same place, which if hit, would give me +31. If the trade(s) go to the target at R1 then trade 1 = +56 and trade 2 = +30. So for a move of +56 I have will have grabbed another +30, to give +86. If R1 gets smashed, I'll probably scale in another one and go for R2. The reason I'm doing this now is just to...

Both trades were stopped for a total of +95. That will do. Now is sleep time
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,542
  • Nov 27, 2013 7:49am Nov 27, 2013 7:49am
Quoting realjumper
{quote} Both trades were stopped for a total of +95. That will do. Now is sleep time
Cool trade (as usual) - congrats! That's one of many times when m1 beats m5 so badly as on m5 I haven't entered in either of those. Maybe should have taken the second but definitely wouldn't have take the first with 35p SL and 10m left before LO.
The single most important factor is having control of your own life.
  • #19,543
  • Nov 27, 2013 7:56am Nov 27, 2013 7:56am
Quoting spyderman
Well sometimes things just work out in your favor. I placed several of my longer TF trades before bed last night and they moved nicely. {image} {image} {image} So now the idea for MM is to move to higher time frame monitor. I've pulled my stops up a little to underneath 15M structure, but I want to give the trade room to breathe. I'll go to the 4H or 1H initially. I'm looking for price to stay above the MA. Once established if price pulls back to the MA on the 4H I'll close half the position. Not loving the PA on Chf/Jpy so will monitor that more...
Very interesting approach, seems to work out pretty good for you. Just curious when you go to D1 management how long do you usually keep your trade going - I mean it surely depends but on average?
The single most important factor is having control of your own life.
  • #19,544
  • Nov 27, 2013 8:09am Nov 27, 2013 8:09am
Quoting Mikkk01
{quote} Very interesting approach, seems to work out pretty good for you. Just curious when you go to D1 management how long do you usually keep your trade going - I mean it surely depends but on average?

The plan is to stay in on the D1 as long as price is above the 5MA.
So if price drops below MA on H4 close 1/2 position.
When price drops below MA on D1 close 1/2 of remaining.
When price drops below MA on Wk1 close remainder.

That's all assuming those retracements head back the original way.
Haven't gotten that far yet...
  • #19,545
  • Nov 27, 2013 8:43am Nov 27, 2013 8:43am
Good US news ????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,546
  • Nov 27, 2013 8:52am Nov 27, 2013 8:52am
Quoting spyderman
{quote} The plan is to stay in on the D1 as long as price is above the 5MA. So if price drops below MA on H4 close 1/2 position. When price drops below MA on D1 close 1/2 of remaining. When price drops below MA on Wk1 close remainder. That's all assuming those retracements head back the original way. Haven't gotten that far yet...
Weekly charts... pretty widescale, however, that doesn't matter what you do if you're ok with that and it brings you pips. I had some issues with overanalyszing - almost went nuts from that. Thus no HTF for me so far. Recently even got rid of m15 - a lot more comfortable with only M5.
The single most important factor is having control of your own life.
  • #19,547
  • Nov 27, 2013 9:12am Nov 27, 2013 9:12am
Quoting Mikkk01
{quote} Weekly charts... pretty widescale, however, that doesn't matter what you do if you're ok with that and it brings you pips. I had some issues with overanalyszing - almost went nuts from that. Thus no HTF for me so far. Recently even got rid of m15 - a lot more comfortable with only M5.

Yeah I hear ya. Hard to know how far to take it. But at that point there would only be 1/4 of the original position left, so might as well let it run.

How'd you like to be in on one of these weekly runs though...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudiweekly.png Size: 65 KB
  • #19,548
  • Nov 27, 2013 9:17am Nov 27, 2013 9:17am
Quoting Martyfish
Good US news ????
Closed EJ +13
Closed GU +11

EDIT: YES, I know GU was CT, but just couldn't help myself !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,549
  • Edited 9:48am Nov 27, 2013 9:37am | Edited 9:48am
Here's a quick poll, how much higher can the Euro go ??

Its almost out of control, money flooding in, buying the Euro, as the anti rises about how much/what QE the ECB will start doing/printing.

Will we get another leg up tonight ??

Just looked back, it was around a year ago, EJ was at 100 !! Incredible
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,550
  • Nov 27, 2013 10:07am Nov 27, 2013 10:07am
Voting currently going on in Italian Parliament to kick Berlusconi
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,551
  • Nov 27, 2013 10:43am Nov 27, 2013 10:43am
Yeah, Berlusconi is out of Parliament !!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,552
  • Nov 27, 2013 11:30am Nov 27, 2013 11:30am
Quoting Martyfish
Yeah, Berlusconi is out of Parliament !!!
Well, sooner or later, it was bound to happen. Just his *bunga bunga* activities, so to speak, were pretty much enough, let alone he's a rogue!
The single most important factor is having control of your own life.
  • #19,553
  • Nov 27, 2013 1:23pm Nov 27, 2013 1:23pm
Quoting Martyfish
{quote} Closed EJ +13 Closed GU +11 EDIT: YES, I know GU was CT, but just couldn't help myself !!
Did you do the morning 09:30 GU trade, Marty?
What the mind does not know, the eyes cannot see
  • #19,554
  • Nov 27, 2013 2:06pm Nov 27, 2013 2:06pm
Quoting padila
{quote} Did you do the morning 09:30 GU trade, Marty?
Hi Padila,

Entered at the open of the 9:45 M5 candle for +61

Hope you got some of it.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #19,555
  • Nov 27, 2013 2:27pm Nov 27, 2013 2:27pm
I wasn't in front of my charts today, but most of you guys did amazing job! Congrats!
  • #19,556
  • Nov 27, 2013 3:40pm Nov 27, 2013 3:40pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting spyderman
{quote} Yeah I hear ya. Hard to know how far to take it. But at that point there would only be 1/4 of the original position left, so might as well let it run. How'd you like to be in on one of these weekly runs though... {image}
What I like about that weekly run is that it is a 2000 pip "pullback" if you check the monthly chart! Sets up a great discussion regarding "trends".
  • #19,557
  • Nov 27, 2013 3:42pm Nov 27, 2013 3:42pm
Quoting Jamz
{quote} What I like about that weekly run is that it is a 2000 pip "pullback" if you check the monthly chart! Sets up a great discussion regarding "trends".
Lol...yeah, everything's a fractal. Would be nice to have several 1/4 positions stacked on that "pullback"
  • #19,558
  • Nov 27, 2013 5:17pm Nov 27, 2013 5:17pm
Quoting spyderman
{quote} Yeah I hear ya. Hard to know how far to take it. But at that point there would only be 1/4 of the original position left, so might as well let it run. How'd you like to be in on one of these weekly runs though... {image}
Hard to disagree with that)
By the way "Intended risk is 10%" means risk of that only one trade?
The single most important factor is having control of your own life.
  • #19,559
  • Nov 27, 2013 5:31pm Nov 27, 2013 5:31pm
Quoting Mikkk01
{quote} Cool trade (as usual) - congrats! That's one of many times when m1 beats m5 so badly as on m5 I haven't entered in either of those. Maybe should have taken the second but definitely wouldn't have take the first with 35p SL and 10m left before LO.
Thanks.

Remember that screenshot was of the M5 chart, but the entries were on the M1 chart so it was a bit difficult to be accurate with the entry lines I drew. Here is the M1 chart but it's zoomed out a lot so that I can fit both trades in!!

As we can see, there was more pips left on the table but it was 2.45am for me, so that was enough!
Attached Image (click to enlarge)
Click to Enlarge Name: EAM!.jpg Size: 306 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,560
  • Nov 27, 2013 5:43pm Nov 27, 2013 5:43pm
Quoting Mikkk01
{quote} Hard to disagree with that) By the way "Intended risk is 10%" means risk of that only one trade?

Yeah, I started this on a small account and am going heavy on the lot size. I'll reduce as balance grows.
2 traders viewing now