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Genesis Matrix Trading

  • #20,001
  • Dec 5, 2013 8:48am Dec 5, 2013 8:48am
GOLD 200 pips
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #20,002
  • Dec 5, 2013 9:08am Dec 5, 2013 9:08am
Quoting Bernhard
GOLD 200 pips {image}
WOW!!! sehr schön... Yes you can...trade anything with Genesis...! (and with money ofcourse...)
There`s no life before COFFEE!
  • #20,003
  • Dec 5, 2013 9:52am Dec 5, 2013 9:52am
Quick update on long term Gbp/Jpy.

Hit 5ma on daily so exited additional 1/2 of position. Left with 1/4 of original position and will monitor on weekly.

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  • #20,004
  • Dec 5, 2013 10:43am Dec 5, 2013 10:43am
Morning G-Family, its a sloooow morning for me.
No sun over my house and i still need more coffee.

Catch a CT scalp on EJ M5
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  • #20,005
  • Dec 5, 2013 10:45am Dec 5, 2013 10:45am
Quoting realjumper
Over 4 million views, and nearly 20,000 posts
AWEEEESOME
  • #20,006
  • Dec 5, 2013 10:59am Dec 5, 2013 10:59am
Quoting Bernhard
GOLD 200 pips {image}
  • #20,007
  • Dec 5, 2013 12:32pm Dec 5, 2013 12:32pm
Okay, had some time so looking at 515. I know its not best time to trade but took this on Gbp/Usd.

Any suggestions or critique? Be gentle ...
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  • #20,008
  • Dec 5, 2013 12:48pm Dec 5, 2013 12:48pm
Quoting spyderman
Okay, had some time so looking at 515. I know its not best time to trade but took this on Gbp/Usd. Any suggestions or critique? Be gentle ... {image}
Seems like you cheated a bit on SL-set-rule? - technically there was only one signal after bounce from BRN so SL was supposed to be somewhat 3 times wider.
P.S. Hope it was gentle enough and correct me, please, if I'm wrong...
The single most important factor is having control of your own life.
  • #20,009
  • Dec 5, 2013 1:03pm Dec 5, 2013 1:03pm
Quoting Mikkk01
{quote} Seems like you cheated a bit on SL-set-rule? - technically there was only one signal after bounce from BRN so SL was supposed to be somewhat 3 times wider. P.S. Hope it was gentle enough and correct me, please, if I'm wrong...

So that pullback isn't enough of a "swing" to place s/l behind?

PS: Exited at -3.8 pips. 15m turned against.

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  • #20,010
  • Edited 2:53pm Dec 5, 2013 1:11pm | Edited 2:53pm
Quoting spyderman
{quote} So that pullback isn't enough of a "swing" to place s/l behind? PS: Exited at -3.8 pips. 15m turned against. {image}
Not really sure here - it'll be good to see other people's opinion [if I'm asked, though - assuming entered - I would put it at BRN].
Talking about a pullback: a point to consider is that Genesis didn't give an opposite signal [change colour], so [roughly speaking] there was no one.
The single most important factor is having control of your own life.
  • #20,011
  • Dec 5, 2013 2:46pm Dec 5, 2013 2:46pm
Congrats for 20.000 posts.

Talking about today's trades i am not proud of myself, again.
GNz long trade (SL hit) - i should think twice before entry below BRN 2.000.
EJ short trade - i moved SL down too soon because i was scared to loose money once again today. SL hit on little recovery of price.
Am I trading or gambling? I have to answer this question myself.
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  • #20,012
  • Dec 5, 2013 2:51pm Dec 5, 2013 2:51pm
Quoting spyderman
Any suggestions or critique? Be gentle ... {image}
Hi Spiderman,

aside from the time as you say I like the idea if you were looking for a swing trade.
6300 not only is a BRN but also an old monthly resistence. The trend is clearly bullsih and the first attack to this level today after the retracement kept and the daily bar looks like to close above 6300 (pic 1)

Personally I would prefer to see tomorrow if price tests it again and bounces then I could think to take a long trade according to Genesis signal (it could be interesting eventaully also to use here the M1 approach close to 6300).

Concerning your entry I didn't like the position (once again aside from time). You just took the trade belove a secondary resistence (pic 2), in general it isn't wise ;-)

Specifically concerning the Genesis signal it looks like weak in my opinion.

Any comment is welcome

ciao

wiz
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You control how you trade; the market controls how and when you'll get paid
  • #20,013
  • Dec 5, 2013 3:04pm Dec 5, 2013 3:04pm
In addition if someone is looking for going long GBU I would pay attention also to area 6230 if 6300 breaks out ... there are some interesting HTF confluences which combined with daily pivots could boost a long impulse.
You control how you trade; the market controls how and when you'll get paid
  • #20,014
  • Dec 5, 2013 3:08pm Dec 5, 2013 3:08pm
Quoting iwan73
Congrats for 20.000 posts. Talking about today's trades i am not proud of myself, again. GNz long trade (SL hit) - i should think twice before entry below BRN 2.000. EJ short trade - i moved SL down too soon because i was scared to loose money once again today. SL hit on little recovery of price. Am I trading or gambling? I have to answer this question myself. {image} {image}
Hi

Read the M1 PDF again, and pay particular attention to how the stochs should, and shouldnt look [applies to all TFs for standard entries], there you will find your answers.

Also, you dont have the ASCT 2 TF matrix on your M1 chart, so you dont know if youre making an aggressive entry or conservative.

Trade demo IFR for a week.

J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,015
  • Dec 5, 2013 4:13pm Dec 5, 2013 4:13pm
Congrats Genesis Team .
Let your plan trade for you, not your emotion!!!
  • #20,016
  • Dec 5, 2013 4:23pm Dec 5, 2013 4:23pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
1001 trombones lead the big parade!!!
  • #20,017
  • Dec 5, 2013 4:35pm Dec 5, 2013 4:35pm
Quoting iwan73
Congrats for 20.000 posts. Talking about today's trades i am not proud of myself, again. GNz long trade (SL hit) - i should think twice before entry below BRN 2.000. EJ short trade - i moved SL down too soon because i was scared to loose money once again today. SL hit on little recovery of price. Am I trading or gambling? I have to answer this question myself. {image} {image}
What I didn't like in the first chart right away is the choppy market + PA is in the tight range. Thats more than enough to stay out for me + M15 stoch isn't that good.
The single most important factor is having control of your own life.
  • #20,018
  • Dec 5, 2013 6:13pm Dec 5, 2013 6:13pm
Quoting iwan73
Congrats for 20.000 posts. Talking about today's trades i am not proud of myself, again. GNz long trade (SL hit) - i should think twice before entry below BRN 2.000. EJ short trade - i moved SL down too soon because i was scared to loose money once again today. SL hit on little recovery of price. Am I trading or gambling? I have to answer this question myself. {image} {image}
Iwan

At the foot of your posting page you have the phrase: 'Where is my M15 Stoch coming from? Has it visited OS or OB area last?'.
In both cases, if you had applied this logic when considering your options, I think you would have turned both trades down.
Also, keep a careful eye on the angle of the m15 stoch and the width of the mouth (as highlighted in the m1 pdf).

Keep on pippin!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #20,019
  • Dec 5, 2013 7:12pm Dec 5, 2013 7:12pm
Anyone looking at short setting up on EJ? 5 min
Let your plan trade for you, not your emotion!!!
  • #20,020
  • Dec 5, 2013 7:22pm Dec 5, 2013 7:22pm
Quoting xremmy
Anyone looking at short setting up on EJ? 5 min
hmmm no
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