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Genesis Matrix Trading

  • #21,141
  • Jan 14, 2014 8:45pm Jan 14, 2014 8:45pm
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.
What is your target price JaguarTrader?
  • #21,142
  • Jan 14, 2014 9:03pm Jan 14, 2014 9:03pm
I set my TP @ 171.470. which triggered before I decided to try and extend it...so just shy of 1R return. I was uneasy about he trade so Ill definitely take what I got.

Looks like it was a decent exit as of now. I was in the middle of writing a whole shpeel on targets haha. 171.65 area then R1 which coincided with Pivot manipulated consolidation from last week.

You still in Gold Miner?
Attached Image
  • #21,143
  • Jan 14, 2014 9:10pm Jan 14, 2014 9:10pm
Quoting JaguarTrader
I set my TP @ 171.470. which triggered before I decided to try and extend it...so just shy of 1R return. I was uneasy about he trade so Ill definitely take what I got. Looks like it was a decent exit as of now. I was in the middle of writing a whole shpeel on targets haha. 171.65 area then R1 which coincided with Pivot manipulated consolidation from last week. You still in Gold Miner? {image}
Oh I see..Yup, I am still in...don't know what will happen later...scare.
  • #21,144
  • Jan 14, 2014 9:17pm Jan 14, 2014 9:17pm
haha I think everyone here knows that feeling rather well. I would personally exit with a few pips and wait for a clearer picture. EJ made a lower high and looks like its ready to cycle down into consolidation or to the DP so GJ might correlate and stay put since it looks somewhat stronger. EA is heading into a consolidation area from further back in the chart so who knows what will happen. USD pairs seem the more volatile right now but have tapered off. I think once volume picks up around EURO open more action will come and sort the mess out lol.

Thats all she wrote for me tonight. Caught some pips so Im happy

Till next time ladies and gentlemen!

JaguarTrader
  • #21,145
  • Jan 14, 2014 9:41pm Jan 14, 2014 9:41pm
Thought Id post this chart to show a CT trade and a Trend trade back to back, M1 trading.
The point here, is to reiterate the danger in CTs and the insurance offered w trend trades.

Trade 1:
CT short against strong up trend, I got out at the first sign of PA stall or reversal for +5.

Trade 2:
Trend trade. The trade survived the pullback. I paid very close attention to the M15 and M30 stochs as price went against the trade. +20
Stochs:
1. M5 complete run down to O/S
2. M15 turned over but not dragged beyond the 50 mark.............this is the first sign for me that this is a pullback, not reversal.
3. M30 never got turned over.............second sign and confirmation of a pull back, not reversal.

Matrix and ASCT on other charts but confirmed stochs. Ill post them if anyone wants to see.

Cheers J.
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Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,146
  • Jan 14, 2014 9:53pm Jan 14, 2014 9:53pm
Quoting jjre65
{quote} 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
Had a great Christmas J................I saw some lovely fish you caught a few pages back............I'll have to get down to Lake Taupo - it looks like a beautiful area in NZ.

PM1
  • #21,147
  • Jan 14, 2014 9:54pm Jan 14, 2014 9:54pm
Just closed GJ long trade for 165 pips. The uptrend appeared to be running out of puff.
Quite enjoying the HTF, however its a good test of both fear and greed

ExcessFX
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Learn from your mistakes until you succeed. It's that simple.
  • #21,148
  • Jan 14, 2014 10:15pm Jan 14, 2014 10:15pm
Quoting jjre65
Thought Id post this chart to show a CT trade and a Trend trade back to back, M1 trading. The point here, is to reiterate the danger in CTs and the insurance offered w trend trades. Trade 1: CT short against strong up trend, I got out at the first sign of PA stall or reversal for +5. Trade 2: Trend trade. The trade survived the pullback. I paid very close attention to the M15 and M30 stochs as price went against the trade. +20 Stochs: 1. M5 complete run down to O/S 2. M15 turned over but not dragged beyond the 50 mark.............this is the first...
jjre65, can you post your Matrix and ASCT? I want to see.

Thanks.
  • #21,149
  • Jan 14, 2014 10:55pm Jan 14, 2014 10:55pm
Quoting ExcessFX
Just closed GJ long trade for 165 pips. The uptrend appeared to be running out of puff. Quite enjoying the HTF, however its a good test of both fear and greed ExcessFX {image}
Congrats on that beautiful trade! Can I ask how did you manage to follow up the trade, as it run for nearly about 24H? Did you put a comfortable SL or did you set an alarm on any mobile device? You did pick ma curiosity! Hehe

Malouin
Slowly, but surely...
  • #21,150
  • Jan 14, 2014 11:03pm Jan 14, 2014 11:03pm
Quoting Malouin
{quote} Congrats on that beautiful trade! Can I ask how did you manage to follow up the trade, as it run for nearly about 24H? Did you put a comfortable SL or did you set an alarm on any mobile device? You did pick ma curiosity! Hehe Malouin
It's by far the biggest trade I've ever done. Martyfish will be proud of me using the HTFs
had a M30 chart, entered when the H1 Matrix, M30 and H1 arrow presented. My exist strategy was going to be M30 arrow in opposite direction, however i got the jitters and exited an hour ago or so when PA was stalling.
Yes i left it over night. I was well in profit, so set the trade to a comfortable S/L and let it run.

ExcessFX
Learn from your mistakes until you succeed. It's that simple.
  • #21,151
  • Jan 14, 2014 11:33pm Jan 14, 2014 11:33pm
Quoting Gold Miner
{quote} jjre65, can you post your Matrix and ASCT? I want to see. Thanks.
Just call me J................less to type

This is my M1 set up while looking for entry opportunities, same for M5
The ASCT M5 never turned red during the pullback..............for me, confirming the stochs

Cheers J.
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Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,152
  • Jan 14, 2014 11:50pm Jan 14, 2014 11:50pm
Quoting jjre65
{quote} Just call me J................less to type This is my M1 set up while looking for entry opportunities, same for M5 The ASCT M5 never turned red during the pullback..............for me, confirming the stochs Cheers J. {image}

Ya J..thanks for your post and info.
  • #21,153
  • Jan 15, 2014 12:36am Jan 15, 2014 12:36am
Quoting ExcessFX
Just closed GJ long trade for 165 pips. The uptrend appeared to be running out of puff. Quite enjoying the HTF, however its a good test of both fear and greed ExcessFX {image}
Congrats Excess !!! Awesome !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,154
  • Jan 15, 2014 12:51am Jan 15, 2014 12:51am
Quoting ExcessFX
Just closed GJ long trade for 165 pips. The uptrend appeared to be running out of puff. Quite enjoying the HTF, however its a good test of both fear and greed ExcessFX {image}
awesome!
  • #21,155
  • Jan 15, 2014 1:07am Jan 15, 2014 1:07am
Quoting spyderman
{quote}I think part of my frustration is that I'm not awake during what seems to be the best trading time
Different parts of the world but in our summer I feel that I'm missing out a lot of the "best trading time" too. I feel bad about missing the US session, and I guess you feel bad about missing the London session.

One thing I do everyday is go through the charts for the day before and mark out the good strong entries that occurred during my trading hours - generally ones that would've made 20 pips or more.

Now each pair usually has 1 or 2 of those strong entries every day in the 3 - 4 hours that I can trade. That is, each pair usually has at least 1 - 2 strong setups that generated a good profit during the time that I traded.

This eases my frustration levels because it reinforces everyday that the strong setups are there, and that there's really no need to jump into less than optimal trades.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #21,156
  • Jan 15, 2014 1:56am Jan 15, 2014 1:56am
Quoting antantnz
{quote} Different parts of the world but in our summer I feel that I'm missing out a lot of the "best trading time" too. I feel bad about missing the US session, and I guess you feel bad about missing the London session. One thing I do everyday is go through the charts for the day before and mark out the good strong entries that occurred during my trading hours - generally ones that would've made 20 pips or more. Now each pair usually has 1 or 2 of those strong entries every day in the 3 - 4 hours that I can trade. That is, each pair usually has...
Great philosophy Ant !!

And I like your strap line
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,157
  • Jan 15, 2014 2:04am Jan 15, 2014 2:04am
Quoting antantnz
{quote} Different parts of the world but in our summer I feel that I'm missing out a lot of the "best trading time" too. I feel bad about missing the US session, and I guess you feel bad about missing the London session. One thing I do everyday is go through the charts for the day before and mark out the good strong entries that occurred during my trading hours - generally ones that would've made 20 pips or more. Now each pair usually has 1 or 2 of those strong entries every day in the 3 - 4 hours that I can trade. That is, each pair usually has...
Couldnt agree more Ant

Ive got to say Im at the point where I dont even look back at previous sessions now that Im trading M1 and candle free for set ups and got some time under my belt.

I now.....after a long time...........know that Im going to pick up 20 pips plus a day........and thats plenty. Nothing beats time at the coal face......and a killer system

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,158
  • Jan 15, 2014 2:17am Jan 15, 2014 2:17am
Quoting antantnz
{quote} Different parts of the world but in our summer I feel that I'm missing out a lot of the "best trading time" too. I feel bad about missing the US session, and I guess you feel bad about missing the London session. One thing I do everyday is go through the charts for the day before and mark out the good strong entries that occurred during my trading hours - generally ones that would've made 20 pips or more. Now each pair usually has 1 or 2 of those strong entries every day in the 3 - 4 hours that I can trade. That is, each pair usually...

One way of doing this is to plot the turns in an Excel Spreadsheet. For me, working off a 5m chart, I plot the London Open as 0, the Frankfurt Open as -12 and LO + one hour as +12 etc. If my chosen swing is say 20 pips, then I plot the time, number of pips and time taken for each swing......the results can be very interesting
Trading Levels with WRBs
  • #21,159
  • Jan 15, 2014 2:20am Jan 15, 2014 2:20am
Quoting Islander
{quote} One way of doing this is to plot the turns in an Excel Spreadsheet. For me, working off a 5m chart, I plot the London Open as 0, the Frankfurt Open as -12 and LO + one hour as +12 etc. If my chosen swing is say 20 pips, then I plot the time, number of pips and time taken for each swing......the results can be very interesting
Interesting Islander thx !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,160
  • Jan 15, 2014 2:56am Jan 15, 2014 2:56am
Quoting Islander
{quote} One way of doing this is to plot the turns in an Excel Spreadsheet. For me, working off a 5m chart, I plot the London Open as 0, the Frankfurt Open as -12 and LO + one hour as +12 etc. If my chosen swing is say 20 pips, then I plot the time, number of pips and time taken for each swing......the results can be very interesting
The thing to bear in mind here, is that back testing will always show fantastic entry and exit points.
Forward testing, or testing live, is very different.
Genesis doesnt repaint, we know that, BUT, the matrix, ASCT, and stochs will always re-form themselves within their set time frames. RJs PDF on M1 trading shows perfect examples of this.
I went a long time looking back at sessions the day before and found 90% + examples of great set ups. Lets not forget that those set ups only confirm themselves after 'periods' finish.
To quote....'trading from the right side of the chart is much harder than the left'..................or something to that nature............PM1 I think.

J
Winning isnt everything but coming second sucks (Charlie Brown)
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