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Genesis Matrix Trading

  • #19,841
  • Dec 3, 2013 3:00pm Dec 3, 2013 3:00pm
Here is an EA short trade i took, all the Stochs we looking pretty good… There was a BRN in the way, but PA go through it ok.
Not the best time of day to be taking trades. But it worked out ok.

ExcessFX
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Click to Enlarge Name: EA 4.11.13.png Size: 123 KB
Learn from your mistakes until you succeed. It's that simple.
  • #19,842
  • Dec 3, 2013 3:47pm Dec 3, 2013 3:47pm
Quoting ExcessFX
Here is an EA short trade i took, all the Stochs we looking pretty good… There was a BRN in the way, but PA go through it ok. Not the best time of day to be taking trades. But it worked out ok. ExcessFX {image}
Hi

Did you take that trade on the 20:27 candle M1?

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,843
  • Edited Dec 4, 2013 5:14am Dec 3, 2013 3:59pm | Edited Dec 4, 2013 5:14am
RJ, looks like you touched the ego of those guys on *T* - they gifted us with their presence and trashed like a page of posts [even unrelated ones for some weird reason]!
EDIT: interesting, posts are back...
The single most important factor is having control of your own life.
  • #19,844
  • Dec 3, 2013 4:23pm Dec 3, 2013 4:23pm
Hi J

On the 20:28 Candle M1...

XS
Learn from your mistakes until you succeed. It's that simple.
  • #19,845
  • Dec 3, 2013 4:35pm Dec 3, 2013 4:35pm
Quoting ExcessFX
Hi J On the 20:28 Candle M1... XS
Which means 20:25 candle on M5
My chart, and I think yours shows that the matrix hadnt formed all red to signal the sell.

If this is the case:

An aggressive entry is fine but you really should wait for the system signals.
You made some very nice pips but it was a very high risk entry. Ive been burnt in the past not waiting for time periods to finish.
Im guessing the matrix was all red during the 20:25 candle, which is when you took it, but closed mainly white.
The BRN wasnt proving to much trouble so you had that on your side, plus ranging PA, but it was still high risk.

If you end up watching trades like that go by because the set up doesnt complete in order, so what?.........wait for the next set up.
None of us know what PA is going to do next, as long as the market is open anything can happen, which is why we trade the system.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,846
  • Dec 3, 2013 4:49pm Dec 3, 2013 4:49pm
Quoting jjre65
you really should wait for the system signals.
Oh, you really shouldn't... you MUST - if you're gonna succeed some day of course
Quoting jjre65
If you end up watching trades like that go by because the set up doesnt complete in order, so what?.........wait for the next set up. None of us know what PA is going to do next, as long as the market is open anything can happen, which is why we trade the system. Cheers J.
Yeah...
The single most important factor is having control of your own life.
  • #19,847
  • Dec 3, 2013 6:35pm Dec 3, 2013 6:35pm
Long EA on a news trade.............................no idea what PA looks like, experimental
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,848
  • Dec 3, 2013 6:46pm Dec 3, 2013 6:46pm
Quoting jjre65
Long EA on a news trade.............................no idea what PA looks like, experimental
stalling and M! TVI has 7 red in a row
+20

50 pips late getting in

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,849
  • Dec 3, 2013 6:59pm Dec 3, 2013 6:59pm
Quoting jjre65
Long EA on a news trade.............................no idea what PA looks like, experimental
Spooky.
Fortunately, I don't trade before TO - maybe would've entered short.
Quoting jjre65
{quote} stalling and M! TVI has 7 red in a row +20 50 pips late getting in J
What a crazy trade! [kidding of course]
The single most important factor is having control of your own life.
  • #19,850
  • Dec 3, 2013 7:06pm Dec 3, 2013 7:06pm
Quoting jjre65
Well Im shot Another interesting test day: Trades 3 Wins 2 Losses 1 (poor entry, not to spec) Pips +24 Have a good day/night J.
You are doing quite better then I am with my learning... I guess time for me to get more selective with my entries...
  • #19,851
  • Dec 3, 2013 7:17pm Dec 3, 2013 7:17pm
Quoting ZoranB
{quote} You are doing quite better then I am with my learning... I guess time for me to get more selective with my entries...
Hi

All Im doing is following the system as well as I can.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,852
  • Dec 3, 2013 7:17pm Dec 3, 2013 7:17pm
Here is an EU entry as Tokyo opened... Appreciate comments if this entry is considered low risk or I need more filtering.... Thanks...
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  • #19,853
  • Dec 3, 2013 7:20pm Dec 3, 2013 7:20pm
Quoting Mikkk01
{quote} Glad to put my 2c in [if that helps of course] That's what we're doing here it this thread, that's not EU one
It help of course. Yup, learning together. Why not EU? EU moves too slow? hehe..
  • #19,854
  • Dec 3, 2013 7:34pm Dec 3, 2013 7:34pm
Quoting ZoranB
Here is an EU entry as Tokyo opened... Appreciate comments if this entry is considered low risk or I need more filtering.... Thanks... {image}
ZB

Im assuming youre new to Genesis
Close all your charts, decide which TF you want to trade, and then set up 1 chart group exactly as shown, in either post #1 or in the M1 PDF.
Get used to the set up, and dont customise it in any way until you are familiar with whats going on.

There are a few very experienced traders here who have modified their charts to suit their trading style, but they started w the basics and went from there.

Come back w some demo trades when you are set up correctly and you are following entry rules and exit strategies.

Then we can help you as much as you need.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,855
  • Dec 3, 2013 7:36pm Dec 3, 2013 7:36pm
Time to sleep for me, so I'll be laconic
Quoting ZoranB
Here is an EU entry as Tokyo opened... Appreciate comments if this entry is considered low risk or I need more filtering.... Thanks... {image}
My advice: be picky to the limit.
When you're ready you'll just know when to adjust. *When in doubt - go without*.
Quoting Gold Miner
{quote} It help of course. Yup, learning together. Why not EU? EU moves too slow? hehe..
Oh yeah, everybody is learning something here! :nerd:
I once visited that it - Donnybrook Fair - to sum up. Don't like fairs...
http://drunkard.com/issues/02_05/ima...nneybrookt.jpg
The single most important factor is having control of your own life.
  • #19,856
  • Dec 3, 2013 7:53pm Dec 3, 2013 7:53pm
Quoting jjre65
{quote} ZB Im assuming youre new to Genesis Close all your charts, decide which TF you want to trade, and then set up 1 chart group exactly as shown, in either post #1 or in the M1 PDF. Get used to the set up, and dont customise it in any way until you are familiar with whats going on. There are a few very experienced traders here who have modified their charts to suit their trading style, but they started w the basics and went from there. Come back w some demo trades when you are set up correctly and you are following entry rules and exit strategies....

OK - let me go back to the post 1.... I was under impression no modification was done on my side since I used the Genesis M5/15 arrows and Genesis 2.21 indicator. In addition to that the MTF stocs that are under the Genesis indicators and I am under impression they are part of the Genesis - I see it in post 2 as well but please let me know if I am wrong).
The other item I have on my chart is yellow MA 5 (part of the Genesis), and Pivot points since exits are some times based on pivots. I have time to candle close not to be a part of the system so I can remove that if it is an issue here.
Not trying to be disrespectful to rules (could be a bit slow) so I will re-read the post one again. Thanks for the feedback...
  • #19,857
  • Dec 3, 2013 7:57pm Dec 3, 2013 7:57pm
Quoting Mikkk01
Time to sleep for me, so I'll be laconic {quote} My advice: be picky to the limit. When you're ready you'll just know when to adjust. *When in doubt - go without*. {quote} Oh yeah, everybody is learning something here! :nerd: I once visited that it - Donnybrook Fair - to sum up. Don't like fairs... {image}
Donnybrook fair on 1835..
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Click to Enlarge Name: Donnybrook-fair-1835.JPG Size: 279 KB
  • #19,858
  • Dec 3, 2013 9:15pm Dec 3, 2013 9:15pm
Quoting ZoranB
{quote} OK - let me go back to the post 1.... I was under impression no modification was done on my side since I used the Genesis M5/15 arrows and Genesis 2.21 indicator. In addition to that the MTF stocs that are under the Genesis indicators and I am under impression they are part of the Genesis - I see it in post 2 as well but please let me know if I am wrong). The other item I have on my chart is yellow MA 5 (part of the Genesis), and Pivot points since exits are some times based on pivots. I have time to candle close not to be a part of the...
I have to appologise ZB, I was looking at another chart you posted as an attachment while I was responding to you and doing a few other things at the same time..................so sorry about that.

However, the more you can make your charts look and feel the same as most of the traders here the easier it is to compare other traders charts to your own, in the beggining anyway.
Eg. the ASCTrend matrix.
Im not sure you have got your stochs set properly either (11,3,3,) ?..... they look a bid odd.....

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #19,859
  • Dec 4, 2013 1:20am Dec 4, 2013 1:20am
Evening all.....it's been a very busy, but very good day today. I just finished eating so I just about made it here in time. Lets see if we can take some more money from the bank today
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,860
  • Dec 4, 2013 1:32am Dec 4, 2013 1:32am
Quoting realjumper
Evening all.....it's been a very busy, but very good day today. I just finished eating so I just about made it here in time. Lets see if we can take some more money from the bank today
Yeah! $ $ $ come..Open Sesame..hehe.
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