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Genesis Matrix Trading

  • #21,021
  • Jan 13, 2014 12:10am Jan 13, 2014 12:10am
Quoting ExcessFX
GJ has been giving out the pips on the Tokyo session today, +45 pips {image}
Nice trade!
  • #21,022
  • Jan 13, 2014 1:13am Jan 13, 2014 1:13am
Quoting ExcessFX
GJ has been giving out the pips on the Tokyo session today, +45 pips {image}
Nice trade !!

Congrats
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,023
  • Jan 13, 2014 2:16am Jan 13, 2014 2:16am
Quoting Martyfish
{quote} Nice trade !! Congrats
I must give you some credit for this Martyfish, I'm paying extra attention to the HTF signals thanks to yourself.
its keeping me out of a lot of fake moves! Using M5 TF and only GJ
Learn from your mistakes until you succeed. It's that simple.
  • #21,024
  • Jan 13, 2014 2:30am Jan 13, 2014 2:30am
Failed trade for the day! Yaa me!!!

EJ Trade Entered at 141.5 closed at 141.38, -17 pips 1 Min entry.


1) Was LO, so it thought it was a 'valid trade.'
2) I thought the stoches were lining up, but the 5 min stoch had a 'tiny mouth.'
3) The 5 min stoch did have a tiny mouth, which shoulda have indicated a 'no trade.'
4) It was a counter to the moves earlier today, careful with counters.
5) I entered the valid trade minutes after (going south) i closed the bad trade.. But it was wrong units, so i closed out of it .... Man, that just blows!



Oww well, live and let learn! Time to write in my dear journal!
Attached Image (click to enlarge)
Click to Enlarge Name: ej trade 1 13 2014 failed review tonight.png Size: 231 KB
  • #21,025
  • Jan 13, 2014 2:36am Jan 13, 2014 2:36am
Quoting ExcessFX
{quote} I must give you some credit for this Martyfish, I'm paying extra attention to the HTF signals thanks to yourself. its keeping me out of a lot of fake moves! Using M5 TF and only GJ
Really pleased its working for you !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,026
  • Jan 13, 2014 2:49am Jan 13, 2014 2:49am
Closed GU short +54

Entered on Open of 8:15 candle

Probably a bad close, but got more than I expected from a quiet no news Monday
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,027
  • Jan 13, 2014 2:56am Jan 13, 2014 2:56am
Quoting Martyfish
Closed GU short +54 Entered on Open of 8:15 candle Probably a bad close, but got more than I expected from a quiet no news Monday
Good work Martyfish!
Learn from your mistakes until you succeed. It's that simple.
  • #21,028
  • Jan 13, 2014 3:03am Jan 13, 2014 3:03am
Quoting Martyfish
Closed GU short +54 Entered on Open of 8:15 candle Probably a bad close, but got more than I expected from a quiet no news Monday
No news today, but nice trades..
I got in GA much to late, but made +49 pips. Can`t post the chart because I used FOM-bundles plus Genesis on M1 and I do not want to get expelled here....
There`s no life before COFFEE!
  • #21,029
  • Jan 13, 2014 3:03am Jan 13, 2014 3:03am
Quoting hunter101
Failed trade for the day! Yaa me!!! EJ Trade Entered at 141.5 closed at 141.38, -17 pips 1 Min entry. 1) Was LO, so it thought it was a 'valid trade.' 2) I thought the stoches were lining up, but the 5 min stoch had a 'tiny mouth.' 3) The 5 min stoch did have a tiny mouth, which shoulda have indicated a 'no trade.' 4) It was a counter to the moves earlier today, careful with counters. 5) I entered the valid trade minutes after (going south) i closed the bad trade.. But it was wrong units, so i closed out of it .... Man, that just blows! Oww well,...
According to my M5 chart, there wasn't a valid long trade happening there. Rather CT as you say.…
Good to post these trades however, that way we all learn!

Heres how it looked on my setup:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-01-13 at 9.50.49 pm.png Size: 78 KB
Learn from your mistakes until you succeed. It's that simple.
  • #21,030
  • Jan 13, 2014 3:08am Jan 13, 2014 3:08am
Quoting ExcessFX
{quote} According to my M5 chart, there wasn't a valid long trade happening there. Rather CT as you say.… Good to post these trade however, that way we all learn! Heres how it looked on my setup
Can I also add, H4 & H1 asc arrows were red; D1, H4 & H1 Genesis Matrix were red
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,031
  • Jan 13, 2014 3:11am Jan 13, 2014 3:11am
Quoting jalkok
{quote} No news today, but nice trades.. I got in GA much to late, but made +49 pips. Can`t post the chart because I used FOM-bundles plus Genesis on M1 and I do not want to get expelled here....
No problem, nice trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,032
  • Jan 13, 2014 3:15am Jan 13, 2014 3:15am
Doesn't it totally suck when you short EA and then go to short GA but it has already moved "too far" to get in now -

Arrrggghhhhh
  • #21,033
  • Jan 13, 2014 3:18am Jan 13, 2014 3:18am
Quoting hunter101
Failed trade for the day! Yaa me!!! EJ Trade Entered at 141.5 closed at 141.38, -17 pips 1 Min entry. 1) Was LO, so it thought it was a 'valid trade.' 2) I thought the stoches were lining up, but the 5 min stoch had a 'tiny mouth.' 3) The 5 min stoch did have a tiny mouth, which shoulda have indicated a 'no trade.' 4) It was a counter to the moves earlier today, careful with counters. 5) I entered the valid trade minutes after (going south) i closed the bad trade.. But it was wrong units, so i closed out of it .... Man, that just blows! Oww well,...
Hunter,

Have a look at the H1 and H4 for the current trend.......................it is screaming that there is heaps of weakness..............

I also saw the same signal as you entered but stayed away because of the HTF's..................Marty is right here!

PM1
  • #21,034
  • Jan 13, 2014 3:28am Jan 13, 2014 3:28am
There is no doubt you can make money with CT trades, its just they are greatly higher risk trades.

But if you trade with the H1 or M30 or even the M15 trend, there is a greater chance price will go further, yielding more profits.

So what is more preferable, a choppy small profit, or as I got this morning (and ExcessFX, and Jalkok) an unexpected greater profit
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,035
  • Jan 13, 2014 3:31am Jan 13, 2014 3:31am
A simple Genesis rule could be if H1 & M15 Asc arrows are alligned only trade in that direction ??

You can use the AscTrend Matrix for that rule.

A M5 asc arrow in the opposite direction, would be an alert, of a potential trade when M5 asc flicks back in the same direction
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,036
  • Jan 13, 2014 3:34am Jan 13, 2014 3:34am
Quoting Martyfish
Closed GU short +54 Entered on Open of 8:15 candle Probably a bad close, but got more than I expected from a quiet no news Monday
Nice trade - I was in it too - might I ask what was your signal to exit...
Trading Levels with WRBs
  • #21,037
  • Jan 13, 2014 3:39am Jan 13, 2014 3:39am
Quoting Islander
{quote} Nice trade - I was in it too - might I ask what was your signal to exit...
Islander, as I have stated many please dont follow my exits, it is just gut feeling - nothing better

Sometimes I am way off sometimes, I surprise myself at really good exits.

I have tried loads of exit strategies, and haven't found a hard and fast rule that I like.

If someone has a good rule, I would like to hear from you.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,038
  • Jan 13, 2014 3:39am Jan 13, 2014 3:39am
Quoting Islander
{quote} Nice trade - I was in it too - might I ask what was your signal to exit...
Oh and congrats on the trade
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,039
  • Jan 13, 2014 3:51am Jan 13, 2014 3:51am
Quoting Martyfish
{quote} Islander, as I have stated many please dont follow my exits, it is just gut feeling - nothing better Sometimes I am way off sometimes, I surprise myself at really good exits. I have tried loads of exit strategies, and haven't found a hard and fast rule that I like. If someone has a good rule, I would like to hear from you.
LOL - I've been having the same problem and I've been working with some other ideas, which in respect to AJ, are posted elsewhere - you know how to find them.....
Trading Levels with WRBs
  • #21,040
  • Jan 13, 2014 4:42am Jan 13, 2014 4:42am
Quoting Martyfish
Closed GU short +54 Entered on Open of 8:15 candle Probably a bad close, but got more than I expected from a quiet no news Monday
Hi Marty
I am not sure if your 8:15 candle is the same as my 8:15 candle. So can you show me chart with your entry candle, please?
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