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Genesis Matrix Trading

  • #21,121
  • Jan 14, 2014 2:05pm Jan 14, 2014 2:05pm
Quoting spyderman
{quote} You're probably right. I'm pretty tight trying to get a good R:R What type of ratio are you guys typically shooting for.
1:1 is fine for M1 in my opinion...........as long as it doesnt become an exit criteria/target.
If trading Tokyo/London reward is usually alot higher

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,122
  • Jan 14, 2014 2:23pm Jan 14, 2014 2:23pm
Quoting spyderman
So as promised, here was my next trade. ASCT was good on the higher 30 and was green on 5 when entered. Matrix and stochs were good. Had recently come of DP. The better entry (in terms of results) came at the blue line...after I went to bed. Stochs weren't perfect on the blue line though. IMO Thoughts? {image}
Just had a look at your chart on my platform
BRN 15100 was 12 pips below the DP, which was tested by the spike down that took you out.
Had you taken that into account, you would have had approx 35pip SL, which is alot considering how far out from LO you were and current PA.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,123
  • Jan 14, 2014 6:38pm Jan 14, 2014 6:38pm
Hi, did you guys take this trade? Any comments? Should I exit now?

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-m5.png Size: 43 KB
  • #21,124
  • Jan 14, 2014 6:46pm Jan 14, 2014 6:46pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting Gold Miner
Hi, did you guys take this trade? Any comments? Should I exit now? Thanks! {image}

CT.....hard to say......stop to BE is my advice or TP anytime you like........ My exit plan when in "no man's land" is whenever. DP is a long way off.
No I didn't take the trade and watching GA decided not to go against major move either.
  • #21,125
  • Jan 14, 2014 6:52pm Jan 14, 2014 6:52pm
Quoting Gold Miner
Hi, did you guys take this trade? Any comments? Should I exit now? Thanks! {image}
Hi

Tell us why you entered and the plan for the trade
Post a split screen shot of M1 and M5 if you can (assuming you are M1 trader)......or 2 separate charts

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,126
  • Jan 14, 2014 6:58pm Jan 14, 2014 6:58pm
Quoting Jamz
{quote} CT.....hard to say......stop to BE is my advice or TP anytime you like........ My exit plan when in "no man's land" is whenever. DP is a long way off. No I didn't take the trade and watching GA decided not to go against major move either.
Thank you for your comment. I exit manually and earn some pips...
  • #21,127
  • Jan 14, 2014 7:02pm Jan 14, 2014 7:02pm
Quoting Martyfish
Closed EJ long +48 pips Entered on the open of 15:35 candle - EMA30 crossed through SMA60 on M5 (all stochastics were strong) Closed at Weekly-PP
Marty,

Thanks for all your trade times and results - they are invaluable.

PM1
  • #21,128
  • Jan 14, 2014 7:04pm Jan 14, 2014 7:04pm
Quoting jjre65
{quote} Hi Tell us why you entered and the plan for the trade Post a split screen shot of M1 and M5 if you can (assuming you are M1 trader)......or 2 separate charts J
Hi jjre65, thanks for your comment too!

Well, I am not a M1 trade and the trade was based on m5. I saw the M15 and M30 stochs looks good and just enter...I am not sure whether it is CT or not?

My target is BRN.
  • #21,129
  • Jan 14, 2014 7:05pm Jan 14, 2014 7:05pm
Luckily I exited..
  • #21,130
  • Jan 14, 2014 7:05pm Jan 14, 2014 7:05pm
Quoting spyderman
{quote} You're probably right. I'm pretty tight trying to get a good R:R What type of ratio are you guys typically shooting for.
If you can improve your entry to an extent that your win-loss ratio gets very good, then the R:R (whether it is 1:1 or 0.8:1) isn't that big of an issue, in my opinion, as you'll get enough winners that run pass your initial target prices.

What matters is your overall R-multiple, or roughly a combination of your risk reward + win-loss ratio. One impacts the other, so you can never really look at it separately. You can have a strategy that has low R:R but high win-loss ratio that works, or the other way around a low win-loss ratio but high R:R (but you'll need very strong mental strength for this).

So the ultimate goal is to get so good at Genesis that you improve the win-loss ratio and risk:reward at the same time, to get a high R-multiple strategy.
  • #21,131
  • Jan 14, 2014 7:09pm Jan 14, 2014 7:09pm
Quoting jjre65
{quote} Just had a look at your chart on my platform BRN 15100 was 12 pips below the DP, which was tested by the spike down that took you out. Had you taken that into account, you would have had approx 35pip SL, which is alot considering how far out from LO you were and current PA. J
Good analysis J - if the SL is too expensive or you don't feel comfortable with the amount of risk - don't trade. Wait for the next train to come along - there's always.....always another one coming your way.

PM1
  • #21,132
  • Jan 14, 2014 7:18pm Jan 14, 2014 7:18pm
Quoting Gold Miner
Luckily I exited..
Good Call Gold Miner. I was in the midst of typing when you posted that. I was gonna say target the range that developed around 1:30 pm EST. Some news must have hit or something cuz most pairs have jumped immensely... except GU :S
  • #21,133
  • Jan 14, 2014 7:31pm Jan 14, 2014 7:31pm
Quoting Gold Miner
{quote} Hi jjre65, thanks for your comment too! Well, I am not a M1 trade and the trade was based on m5. I saw the M15 and M30 stochs looks good and just enter...I am not sure whether it is CT or not? My target is BRN.
Its a CT against a very strong trend
For Genesis 5-15 your M5 stoch was to low for a CT, with only a handful of pips to BRN 17100

It was a good CT for an M1 trader, with moderate expectations..............but not a 5-15 trade in my book.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,134
  • Jan 14, 2014 7:36pm Jan 14, 2014 7:36pm
Quoting PipMonster1
{quote} Good analysis J - if the SL is too expensive or you don't feel comfortable with the amount of risk - don't trade. Wait for the next train to come along - there's always.....always another one coming your way. PM1
Hi PM1, hope you had a nice xmas etc!

The lead up to LO always feels like a 'jockey for positioning' going on.............its often wishy washy and not trustworthy, especially on not a full set of signals and stochs.

Good to see you
J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,135
  • Jan 14, 2014 7:55pm Jan 14, 2014 7:55pm
Quoting JaguarTrader
{quote} Good Call Gold Miner. I was in the midst of typing when you posted that. I was gonna say target the range that developed around 1:30 pm EST. Some news must have hit or something cuz most pairs have jumped immensely... except GU :S
Oh, you took the trade? Ya, must be something on or just extend the rally..
  • #21,136
  • Jan 14, 2014 7:58pm Jan 14, 2014 7:58pm
Quoting jjre65
{quote} Its a CT against a very strong trend For Genesis 5-15 your M5 stoch was to low for a CT, with only a handful of pips to BRN 17100 It was a good CT for an M1 trader, with moderate expectations..............but not a 5-15 trade in my book. Cheers J.
OK, noted. thanks.
  • #21,137
  • Jan 14, 2014 8:22pm Jan 14, 2014 8:22pm
Quoting Gold Miner
{quote} Oh, you took the trade? Ya, must be something on or just extend the rally..
haha I chicked out after I saw the huge run-up. jjre65 is right about it being a risky counter trade but it was good for 10ish pips and would have been good for a 1R return.

If anyone was watching USD/CHF that would have been a killer trade 20/20 hindsight of course I really need to keep focus. It is really my worst problem at this point. Sitting and waiting for a setup then getting distracted reading etc. I find alot of trades set up right at or before Tokyo open and US open. Yesterday was a prime example during US open. To bad I was working.
  • #21,138
  • Jan 14, 2014 8:33pm Jan 14, 2014 8:33pm
Buy GJ @ 171.374
SL: 171.258

Everything Positive -- m15 stoch decent.

Initially targeting recent highs for quick scalp.....will see how it goes.
  • #21,139
  • Jan 14, 2014 8:41pm Jan 14, 2014 8:41pm
Quoting JaguarTrader
{quote} haha I chicked out after I saw the huge run-up. jjre65 is right about it being a risky counter trade but it was good for 10ish pips and would have been good for a 1R return. If anyone was watching USD/CHF that would have been a killer trade 20/20 hindsight of course I really need to keep focus. It is really my worst problem at this point. Sitting and waiting for a setup then getting distracted reading etc. I find alot of trades set up right at or before Tokyo open and US open. Yesterday was a prime example during US open. To bad I was...
I think CT can always give you some pips. just have to be alert. Try and manage your time again?
  • #21,140
  • Jan 14, 2014 8:43pm Jan 14, 2014 8:43pm
Quoting JaguarTrader
Buy GJ @ 171.374 SL: 171.258 Everything Positive -- m15 stoch decent. Initially targeting recent highs for quick scalp.....will see how it goes.
I took the trade also, but my entry was @ 171.402.a bit late...looks ok and positive now..
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