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Genesis Matrix Trading

  • #20,381
  • Dec 16, 2013 4:26am Dec 16, 2013 4:26am
Quoting Islander
{quote} I agree - as I posted before, I also keep an A4 book open and update certain readings every hour. IMO the writing down of some basic info helps keep me focused as I try to take some in house exercise away from my screen whilst waiting for set-ups.... @ ExcessFX - I can post the word doc if you want it.....and I closed my GJ when it hit the Australasian high....two trades and the daily quota is in
Yes please, the word doc would be great thanks.
For the first time, prior to trading today i printed off some 1H charts of the pairs i trade. I found it helpful to reference back to throughout the day.
I pretty much just do the Tokyo session and LO if i'm lucky, so my trading day is now over.

For my GJ trade, i closed when PA punched through my 60SMA on the M1 chart. Probably a late exit in retrospect, but i still got 38 pips.

Night All, i'm off.

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #20,382
  • Dec 16, 2013 4:42am Dec 16, 2013 4:42am
Quoting jimi
There would be this trade E/J I didn't take it because it wasn't stick to my rules (before LOo) {image}
EDIT: more than max 45
  • #20,383
  • Dec 16, 2013 5:19am Dec 16, 2013 5:19am
Islander
Thank you for your detailed reply. You seem to be extremely disciplined and well organised. Your trade sheet is quite impressive. I use a massive excel sheet, although less detailed than yours. Perhaps I should incorporate some of your inputs. Thanks again for sharing.
Also, it looks as if I should indeed wake up earlier! Damn!


By the way, as if to prove my point on system cycles, Dax listened to my complaints and today is behaving very well, an impressive 130 points (although I took profit at R2, 70 points: there is always a reason to be dissatisfied)!!!!! I entered on a gap filling BO, which coincided with a Genesis signal.
Cheers
  • #20,384
  • Edited 6:30am Dec 16, 2013 6:13am | Edited 6:30am
@yesIknow

Since I am still in the dax trade you mentioned , just a small comment.
M5 matrix is positive for the last 6 hours and still is.
I never exit a winning trade as long as M5 matrix is positive.
Sometimes I even wait for M15 matrix (placed on M5 template) to start turning before I exit.
Check some of your past trades to see if this is of any help to you.

PS
Imo this is most suitable for those who trade the 5-15 method than the M1 method
Enter Signature
  • #20,385
  • Dec 16, 2013 6:34am Dec 16, 2013 6:34am
Quoting jjre65
{quote} Hi What are those green and purple dotted lines on your charts? Look like an umbrella exit strategy indie or cloud indie.................... J.

No those are just the MA's that Marty (I think) uses. Apologies...I should have removed those before posting.
To tell the truth I haven't been using them on these test cases anyway.
  • #20,386
  • Dec 16, 2013 6:37am Dec 16, 2013 6:37am
Missed this EA while I was staring at the screen. Just before NYO though so we'll see.

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  • #20,387
  • Dec 16, 2013 8:42am Dec 16, 2013 8:42am
Quoting spyderman
Missed this EA while I was staring at the screen. Just before NYO though so we'll see. {image}

Looks like it stalled at previous resistance for about 20 pips
  • #20,388
  • Dec 16, 2013 9:08am Dec 16, 2013 9:08am
Quoting thomasK
@yesIknow Since I am still in the dax trade you mentioned , just a small comment. M5 matrix is positive for the last 6 hours and still is. I never exit a winning trade as long as M5 matrix is positive. Sometimes I even wait for M15 matrix (placed on M5 template) to start turning before I exit. Check some of your past trades to see if this is of any help to you. PS Imo this is most suitable for those who trade the 5-15 method than the M1 method

Wow, Thomask, well done on your jumbo Dax trade. I guess you’re still in? I can’t remember the last time I got 180 DAX points in one go!!!
I agree with you, I shouldn’t have gone out there. The point is that I set my second target at R2 (>110% of ATR anyway) when I originally entered the trade. PA shot up 12-13 points in less than ½ minute at 10.09 GMT and I was not quick enough to move my target. Still, 70 and 30 (first target at gap close) Dax points are not bad, considering the past weeks!

Also, I agree that Genesis applied to DAX fares much better on 5-15 than 1-5. The latter is not bad, but it is too much of a scalping operation and the R/R is usually way too low.
Great trade!
  • #20,389
  • Dec 16, 2013 2:20pm Dec 16, 2013 2:20pm
Interesting article for you guys to digest.

http://www.telegraph.co.uk/finance/f...-eurozone.html
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,390
  • Dec 16, 2013 3:56pm Dec 16, 2013 3:56pm
Quoting Islander
GM - looking at some numbers over the weekend - the average ranges during the European Session - GU 77 pips; EJ 79 pips and GJ 136 pips - I decided to pay some attention to GJ and thus took this trade. I've also attached my Trade Sheet for the trade - I was asked for a copy....I start filling in this check sheet as soon as I see a potential trade, so some of the figures change as time moves on....also the "within 4 pips of the 25ema" refers to chart readings and thus exclude the spread.... PS I'm now in another long in GJ from 8:35.... {image} {image}...
Thanks for sharing Islander.

PM1
  • #20,391
  • Dec 16, 2013 5:14pm Dec 16, 2013 5:14pm
Quoting Martyfish
Interesting article for you guys to digest. http://www.telegraph.co.uk/finance/f...-eurozone.html
Good article Marty.....thanks for that. It goes right along with my own thinking on the situation too....no matter what the various 'analysts' say, EU is still 'in it' up their neck!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,392
  • Edited 6:05pm Dec 16, 2013 5:15pm | Edited 6:05pm
I hope everyone had a good day yesterday.....I'm running around (as you do!) pre Christmas getting everything sorted out and I just remembered that I broke a tent pole last time in the tent, so I'm trying to find a replacement....lol...usual last minute stuff!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,393
  • Dec 16, 2013 7:32pm Dec 16, 2013 7:32pm
Quoting spyderman
{quote} No those are just the MA's that Marty (I think) uses. Apologies...I should have removed those before posting. To tell the truth I haven't been using them on these test cases anyway.
I know what you mean...............I had a 60sma on a couple of my charts for a while and forgot they were there

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,394
  • Dec 16, 2013 8:17pm Dec 16, 2013 8:17pm
Quoting realjumper
I hope everyone had a good day yesterday.....I'm running around (as you do!) pre Christmas getting everything sorted out and I just remembered that I broke a tent pole last time in the tent, so I'm trying to find a replacement....lol...usual last minute stuff!!!
I found a how-to pic for you RJ.

Attached Image


PM1
  • #20,395
  • Dec 16, 2013 8:29pm Dec 16, 2013 8:29pm
Quoting PipMonster1
{quote} I found a how-to pic for you RJ. {image} PM1
LOL....actually that's very similar to what I did. I cut a strip of tin from a baked bean can......cut a length of wire from a fence down the road a bit (shhhh) and bound the strip of tin around the break with the fencing wire. Then I covered the whole repair with a finger bandage from the first aid kit
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,396
  • Dec 16, 2013 8:37pm Dec 16, 2013 8:37pm
Quoting realjumper
{quote} LOL....actually that's very similar to what I did. I cut a strip of tin from a baked bean can......cut a length of wire from a fence down the road a bit (shhhh) and bound the strip of tin around the break with the fencing wire. Then I covered the whole repair with a finger bandage from the first aid kit
MacGyver
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,397
  • Dec 16, 2013 8:54pm Dec 16, 2013 8:54pm
Quoting jjre65
{quote} MacGyver
  • #20,398
  • Dec 16, 2013 9:25pm Dec 16, 2013 9:25pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting jjre65
{quote} MacGyver

My daughter's first love - but no, he would have used the elastic from his undies!
  • #20,399
  • Dec 16, 2013 9:29pm Dec 16, 2013 9:29pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
https://encrypted-tbn3.gstatic.com/i...ch9q7Ru5ZPFWSF
  • #20,400
  • Dec 17, 2013 1:36am Dec 17, 2013 1:36am
It looks like a quiet start here in Europe - perhaps the UK CPI at 9:30 gmt and German ZEW at 10 am will bring some activity.

BTW, I always travel - by land, sea or on foot with duct tape, cable ties, a hank of light line and a wire coat-hanger. With my trusty leatherman wave I can repair a multitude of things - although a broken arm only benefited from a splint which caused the doc much amusement!
The straps from a bikini top also make a good temporary fan belt

PS Trade sheet attached as requested
Attached File(s)
File Type: doc Trade Sheet.doc   22 KB | 794 downloads
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