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Genesis Matrix Trading

  • #20,401
  • Dec 17, 2013 1:42am Dec 17, 2013 1:42am
Quoting Islander
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! PS Trade sheet attached as requested {file}
Yeah the market has been a bit quiet today......but sitting in the sun eating fresh nectarines is not bad to spend some time instead!!

It's amazing what can be repaired with just the basics if we put out think caps on
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,402
  • Dec 17, 2013 2:24am Dec 17, 2013 2:24am
It's going to be interesting to see where EA goes from here......
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,403
  • Dec 17, 2013 3:23am Dec 17, 2013 3:23am
This was hard work and I was hoping that EU would drop down to its DP a few pips lower and take EJ with it, but as soon as I noticed green creeping into the 1m matrix, after the WRB on higher volume, I closed with the 20 pips on offer
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Trading Levels with WRBs
  • #20,404
  • Dec 17, 2013 3:28am Dec 17, 2013 3:28am
Quoting Islander
This was hard work and I was hoping that EU would drop down to its DP a few pips lower and take EJ with it, but as soon as I noticed green creeping into the 1m matrix, after the WRB on higher volume, I closed with the 20 pips on offer {image}
Nice one.....I don't have EJ at the moment, I'm on GJ for the time being and there's nothing on offer there yet....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,405
  • Dec 17, 2013 3:35am Dec 17, 2013 3:35am
G M/E

I was short on E/U
Perfect M15 + M30 stochs aligned pointing south
Price did not reach DP and data coming, so I closed @ BE

Right?

Wrong?

What do you think about it buddies?
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  • #20,406
  • Dec 17, 2013 3:44am Dec 17, 2013 3:44am
Quoting jimi
G M/E I was short on E/U Perfect M15 + M30 stochs aligned pointing south Price did not reach DP and data coming, so I closed @ BE Right? Wrong? What do you think about it buddies? {image}
In the same trade but still open ...

My reasons for being still open :

  1. The stochs were very strong, so reasonable confidence it'll go down
  2. Euro news isn't until 11 (my time - 17 mins from now)
  3. I was actually away from the computer the first time it hit DP (babies will cause that sometimes!)
  4. Had thought about exiting at DP, although I would prefer more profit, so now that we're there again, I'm at BE+1. I'm content to see if this trade has strength. Will re-evaluate just before news.

1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,407
  • Dec 17, 2013 3:45am Dec 17, 2013 3:45am
Quoting jimi
Wrong?
yes

almost 12 pips unrealized......................
  • #20,408
  • Dec 17, 2013 4:02am Dec 17, 2013 4:02am
Quoting antantnz
{quote} In the same trade but still open ... My reasons for being still open : The stochs were very strong, so reasonable confidence it'll go down Euro news isn't until 11 (my time - 17 mins from now) I was actually away from the computer the first time it hit DP (babies will cause that sometimes!) Had thought about exiting at DP, although I would prefer more profit, so now that we're there again, I'm at BE+1. I'm content to see if this trade has strength. Will re-evaluate just before news.
Update :

  1. Wasn't really enough profit to justify closing trade prior to news
  2. Knocked out at BE +1

Nevermind, was worth a try.

1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,409
  • Dec 17, 2013 4:06am Dec 17, 2013 4:06am
Quoting antantnz
{quote} Update : Wasn't really enough profit to justify closing trade prior to news Knocked out at BE +1Nevermind, was worth a try.
EA isn't very interested in these good numbers for Germany.....must be coffee time!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,410
  • Dec 17, 2013 4:11am Dec 17, 2013 4:11am
Quoting realjumper
{quote} EA isn't very interested in these good numbers for Germany.....must be coffee time!
Other than the initial reaction, not much interest now on EU either, pretty much back where it was pre-news.

Maybe the numbers were too good, and everyone's suspicious? Or maybe everyone's just awaiting the big FOMC showdown?

Anyway, enjoy your coffee, bed time for me!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #20,411
  • Dec 17, 2013 4:13am Dec 17, 2013 4:13am
Quoting antantnz
{quote} Other than the initial reaction, not much interest now on EU either, pretty much back where it was pre-news. Maybe the numbers were too good, and everyone's suspicious? Or maybe everyone's just awaiting the big FOMC showdown? Anyway, enjoy your coffee, bed time for me!
Yes...FOMC will be interesting. See you tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,412
  • Dec 17, 2013 4:23am Dec 17, 2013 4:23am
Quoting jimi
G M/E I was short on E/U Perfect M15 + M30 stochs aligned pointing south Price did not reach DP and data coming, so I closed @ BE Right? Wrong? What do you think about it buddies? {image}
here is the secure way to NOT reached the daily target.................
  • #20,413
  • Dec 17, 2013 4:27am Dec 17, 2013 4:27am
Please, let me spend just two words to my friends here.............

a) My rules are clearly written here: http://www.forexfactory.com/showthre...62#post7156662

so,

1) I know exactly what they are
2) I know exactly that they works, because of done it several times in simulation mode

then

A) Why do not respect the rules?
B) If I have not trust in me, how could I trust in a third part system?

Sorry for this words, I hope not too OT; if so, please, tell me and I'll delete the post soon
  • #20,414
  • Dec 17, 2013 4:31am Dec 17, 2013 4:31am
Quoting jimi
Please, let me spend just two words to my friends here............. a) My rules are clearly written here: http://www.forexfactory.com/showthre...62#post7156662 so, 1) I know exactly what they are 2) I know exactly that they works, because of done it several times in simulation mode then A) Why do not respect the rules? B) If I have not trust in me, how could I trust in a third part system? Sorry for this words, I hope not too OT; if so, please, tell me and I'll delete the post soon
Patience and Discipline Jimi.................................the Holy Grail

Keep practicing

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #20,415
  • Dec 17, 2013 4:38am Dec 17, 2013 4:38am
Quoting jimi
Please, let me spend just two words to my friends here............. a) My rules are clearly written here: http://www.forexfactory.com/showthre...62#post7156662 so, 1) I know exactly what they are 2) I know exactly that they works, because of done it several times in simulation mode then A) Why do not respect the rules? B) If I have not trust in me, how could I trust in a third part system? Sorry for this words, I hope not too OT; if so, please, tell me and I'll delete the post soon
We....that is *us humans* are the weakest part of any system...and that's a fact. That goes for all things in life too. In skydiving (for instance) the odds of hitting the ground and dieing are about 60,000:1. Yet people die every year. The bottom line is that the equipment (the system) is 10 times more reliable that the person operating it!! It's just the way we are...we see something and act upon it, when we should just trust the system. I'm no different....every time I think I know better than the system I get slapped!!!

Having said that, I wouldn't have been very keen to enter your trade because entering a Sell trade just above the DP is not something that I would do.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,416
  • Dec 17, 2013 5:39am Dec 17, 2013 5:39am
Quoting jimi
A) Why do not respect the rules?
Jimi, I think most have us have been there.

All I can suggest, is not changing anything, keep your written trading rules beside you, even tick them off prior to entering every trade (thats what I do) .

Before your trading day starts, close your eyes, and reiterate them. Then at the end of the day, write down for each trade, did you follow your rules, how did it feel, when you did enter a disciplined trade, and how you felt, when you didnt.

Prove to yourself, you can follow your rules, and gradually you will turn the corner.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #20,417
  • Dec 17, 2013 5:46am Dec 17, 2013 5:46am
Quoting Martyfish
{quote} Jimi, I think most have us have been there. All I can suggest, is not changing anything, keep your written trading rules beside you, even tick them off prior to entering every trade (thats what I do) . Before your trading day starts, close your eyes, and reiterate them. Then at the end of the day, write down for each trade, did you follow your rules, how did it feel, when you did enter a disciplined trade, and how you felt, when you didnt. Prove to yourself, you can follow your rules, and gradually you will turn the corner.
Well said marty
  • #20,418
  • Dec 17, 2013 6:45am Dec 17, 2013 6:45am
Quoting jimi
Please, let me spend just two words to my friends here............. a) My rules are clearly written here: http://www.forexfactory.com/showthre...62#post7156662 so, 1) I know exactly what they are 2) I know exactly that they works, because of done it several times in simulation mode then A) Why do not respect the rules? B) If I have not trust in me, how could I trust in a third part system? Sorry for this words, I hope not too OT; if so, please, tell me and I'll delete the post soon
Well, these are clearly psychological issues. It's pretty obvious what you need in order to sort them out...

Yep, that
Quoting Mikkk01
'tricky psychological crap'
The single most important factor is having control of your own life.
  • #20,419
  • Dec 17, 2013 8:00am Dec 17, 2013 8:00am
Quoting Martyfish
{quote} Jimi, I think most have us have been there. All I can suggest, is not changing anything, keep your written trading rules beside you, even tick them off prior to entering every trade (thats what I do) . Before your trading day starts, close your eyes, and reiterate them. Then at the end of the day, write down for each trade, did you follow your rules, how did it feel, when you did enter a disciplined trade, and how you felt, when you didnt. Prove to yourself, you can follow your rules, and gradually you will turn the corner.
Good advice indeed and in case this helps others here to develope their own set of Trading Rules, here are mine for my personal way of trading off the 1 minute charts - actually my third update since I started using Genesis.....

27 Nov 2013

3D + Genesis Trading Rules


When the GM 1m Alert pops up


1. On the 5m chart first confirm that the 30m stoch green line is sloping in the direction of the trade and that a minimum of three components of the G Matrix are the same colour as the direction of the trade. If this stoch is >70 or <30 ignore it as it is OB or OS and just consider the Matrix

2. Do the red and green 60m stoch lines agree with the entry - if NOT then consider reducing the size of the trade.

An entry against is considered a CT trade, thus has less potential

3. On the 1 min chart, the 5m stoch must be crossed and "opening" in the direction of the trade and the G Matrix

have all four colours in agreement.

4. On the 1 min chart, the 15m stoch must be at least flat and preferably sloping in the direction of the trade

5. When 1,3 and 4 "allow" a trade, enter after the first closed 1m candle that crosses the 1m 25ema in the direction of the trade - provided that the entry is within 4 pips of the 25ema

If > 4pips wait for a pull back towards the 25ema

5. Exit part or all after a Wide Ranged Bar with higher volume around a level provided that more than 20 pips are available - less during FH

8 Do NOT overtrade. If in doubt, wait for a pull back or for the next 30m Time Line.

9. Hard Stop Loss is a maximum of 15 pips. Mental SL 25ema / band


NB These rules are for entering the more volatile contracts for 2 hours after LO and from NYO 1 for three hours with the objective of banking a minimum average of 30 pips a day - 600 / month. The entries are aggressive. Yen crosses may be entered from FO.



Trading Levels with WRBs
  • #20,420
  • Dec 17, 2013 8:18am Dec 17, 2013 8:18am
Okay...

Need a little input from you pros on this.

Took this G/J trade this morning. (Ignore the news spike for now. Didn't think US news would effect G/J but nearly got taken out.)

Anyways...seems like conservative entry. Price went to about +15 by which time I was at BE +2. On 5m didn't really see much to exit.
Stoch's still seemed strong. Anyways got taken out at BE+2
Seems to be happening consistently. Should I be quicker on my exits? Maybe take that candle close below 5MA on 5M?

Thanks in advance.

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