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Genesis Matrix Trading

  • #21,161
  • Jan 15, 2014 1:27am Jan 15, 2014 1:27am
Quoting jjre65
{quote} 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...

I agree with all of your comments. My point was that IMO traders should begin by focusing on one contract that is well suited to the time when they can trade. Viz: do not try to trade EurUsd or GbpUsd outside of the European Session. If you are trading in the AustralAsian Session, look at a contract with Aud or Jpy in its name. Then spend some time looking at the actual moves that your chosen contract makes during your trading period. This will help not only if you are trading the 1m chart to bank intra day pips, but also with entries for longer term trades.
Trading Levels with WRBs
  • #21,162
  • Jan 15, 2014 1:44am Jan 15, 2014 1:44am
My EJ trade for today for 20 pips. Also M15 matrix was full, H1 matrix was forming (formed before exit), and good H1 stoch
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 87 KB
  • #21,163
  • Jan 15, 2014 1:51am Jan 15, 2014 1:51am
Quoting jjre65
{quote} 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.
Cant disagree with the principles you raise, but we deal in probabilities, probabilities from our trade setups.

If there is also a consistency, as to the timing of when our setups occur, then that is alerting us as to be alert around certain times of the day, when the probabilities of a setup MAY occur.

Adds another confirming aspect to your setup.

Quoting jjre65
{quote}To quote....'trading from the right side of the chart is much harder than the left'
JJ, I have read that somewhere as well.

But thinking about it, when a setup occurs, at the current candle, you wait for the candle to close, at that stage there should be no thinking, just action - pressing the button.

So in that sense, trading from the right or left makes no difference.... you see a setup, and press the button.

The only difference is how you manage the trade....thats the tough bit !! With the vagaries, and uncertain outcome.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,164
  • Jan 15, 2014 1:51am Jan 15, 2014 1:51am
Quoting Islander
{quote} I agree with all of your comments. My point was that IMO traders should begin by focusing on one contract that is well suited to the time when they can trade. Viz: do not try to trade EurUsd or GbpUsd outside of the European Session. If you are trading in the AustralAsian Session, look at a contract with Aud or Jpy in its name. Then spend some time looking at the actual moves that your chosen contract makes during your trading period. This will help not only if you are trading the 1m chart to bank intra day pips, but also with entries for...
Absolutely Islander...................focus on applicable pairs for the session but always watch a companion pair for S/R etc

Thats why I like EA and GJ so much. You watch EJ and GU and get to trade all four pairs if you want but usually only 2 at a time.

I still only trade EA and GJ predominantly for all sessions, but take the odd GU when it fits better during LO and beyond if Im up.

I think we are on the same page.

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,165
  • Jan 15, 2014 1:56am Jan 15, 2014 1:56am
Quoting Martyfish
{quote} Cant disagree with the principles you raise, but we deal in probabilities, probabilities from our trade setups. If there is also a consistency, as to the timing of when our setups occur, then that is alerting us as to be alert around certain times of the day, when the probabilities of a setup MAY occur. Adds another confirming aspect to your setup. {quote} JJ, I have read that somewhere as well. But thinking about it, when a setup occurs, at the current candle, you wait for the candle to close, at that stage there should be no thinking,...
I think we should agree to agree with each other............a sum total of good points

Cheers J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,166
  • Jan 15, 2014 1:58am Jan 15, 2014 1:58am
Close EJ short +28 pips

Entered on the open of the 7:15 candle
Closed at DP

Entry M15 - PA below SMA60; M5 EMA30 crossed SMA60
Plus stochs H1/M30/M15
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,167
  • Jan 15, 2014 2:27am Jan 15, 2014 2:27am
Quoting nikz
My EJ trade for today for 20 pips. Also M15 matrix was full, H1 matrix was forming (formed before exit), and good H1 stoch {image}
Nice Trade !!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,168
  • Jan 15, 2014 2:35am Jan 15, 2014 2:35am
Posted earlier elsewhere......I've just found time to show this as a Genesis trade.....

The 171.50 level was rejected 5 times in the AustralAsian Session and the 5m & 15m matrix were red, 30m stoch down, 15m holding at 20 and the 5m opening down again, price under the 25ema and 60 sma and 1m matrix turned red. Sell at the open of the 7:07 bar. After LO price spiked lower (and the volumes increased) so I'm looking to bank some pips and the **75 sweet spot is next, so hold on with my finger on the exit button and take the hit for +43
Attached Image (click to enlarge)
Click to Enlarge Name: jan15 gj 1m 0840.png Size: 37 KB
Trading Levels with WRBs
  • #21,169
  • Jan 15, 2014 2:42am Jan 15, 2014 2:42am
Quoting Martyfish
{quote} Nice Trade !!!
Thanks! We took the same trade...You entered earlier though
  • #21,170
  • Jan 15, 2014 2:50am Jan 15, 2014 2:50am
Quoting Martyfish
{quote} Nice Trade !!!
Took the same trade at 8:05
  • #21,171
  • Jan 15, 2014 2:54am Jan 15, 2014 2:54am
Great minds Nikz & Acroix !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,172
  • Jan 15, 2014 3:23am Jan 15, 2014 3:23am
Quoting Islander
Sell at the open of the 7:07 bar. After LO price spiked lower (and the volumes increased) so I'm looking to bank some pips and the **75 sweet spot is next, so hold on with my finger on the exit button and take the hit for +43 {image}
Great trade !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,173
  • Jan 15, 2014 4:18am Jan 15, 2014 4:18am
Anyone take the retest of 142.00 E/J? I didnt like the angle of the 15 min stoch
  • #21,174
  • Jan 15, 2014 4:26am Jan 15, 2014 4:26am
I have entered short twice today. Both trades closed on Pivot. Total 16 pips gain. Daily target done.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 56 KB
  • #21,175
  • Jan 15, 2014 4:46am Jan 15, 2014 4:46am
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...

Thanks j...nice post
  • #21,176
  • Jan 15, 2014 4:50am Jan 15, 2014 4:50am
Quoting Acroix70
Anyone take the retest of 142.00 E/J? I didnt like the angle of the 15 min stoch
Not for me Acroix. Too close to the BRN/DP for my liking.

I did take the short on EA at the 13:25 candle....closed for +20 on bounce off BRN.

SP.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #21,177
  • Jan 15, 2014 5:09am Jan 15, 2014 5:09am
GJ short

Very clear HPT signal with all trendy stochs and stuff - well, for me it is...

While I'm writing it's coming to a BRN, together with GU btw - action stations!

http://content.screencast.com/users/...01-15_1701.png
The single most important factor is having control of your own life.
  • #21,178
  • Edited 5:25am Jan 15, 2014 5:12am | Edited 5:25am
Quoting Acroix70
Anyone take the retest of 142.00 E/J? I didnt like the angle of the 15 min stoch
Yup I took it, strong H1 stochs, and struggled above M5 EMA30, once recrossed down, entered.

closed +19; price stalling, no other reason ????????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,179
  • Jan 15, 2014 5:19am Jan 15, 2014 5:19am
Quoting Mikkk01
GJ short Very clear HPT signal with all trendy stochs and stuff - well, for me it is... While I'm writing it's coming to a BRN, together with GU btw - action stations! {image}
BRN broken

+32 so far

SL to BE - you never know...
The single most important factor is having control of your own life.
  • #21,180
  • Jan 15, 2014 5:36am Jan 15, 2014 5:36am
Quoting Mikkk01
{quote} BRN broken +32 so far SL to BE - you never know...
Previous swing reached, still 30 pips till DP and I'm afraid of no man's land... lol

Out +35

Wow, I didn't take another screen but - exit was just in time - 30 pip spike up would make me exit anyway!!

http://content.screencast.com/users/...01-15_1727.png
The single most important factor is having control of your own life.
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