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Genesis Matrix Trading

  • #21,181
  • Jan 15, 2014 7:36am Jan 15, 2014 7:36am
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}

Mikkk

Your chart raises another question I've wondered about. How does everyone feel about entering a little late on the Matrix signal. In other words if the stochs finally line up a few bars after the actual signal, are you still taking it depending on other factors.
  • #21,182
  • Edited 10:00am Jan 15, 2014 9:19am | Edited 10:00am
Quoting spyderman
{quote} Mikkk Your chart raises another question I've wondered about. How does everyone feel about entering a little late on the Matrix signal. In other words if the stochs finally line up a few bars after the actual signal, are you still taking it depending on other factors.
Surely I wait for some time till my criteria is met. That's the plan - enter only when everything lines up!! Especially if conditions are favourable for a HPT to form. It's not an aggressive one when I wanna get in as well as out asap but recently I take them less and less - there're enough HPTs on offer - why to get in a risky one... And it's 'very' rare to get a HPT in an m1 bar. If it's really too late and set-up gets ugly I'll just wait for the next one!
The single most important factor is having control of your own life.
  • #21,183
  • Jan 15, 2014 10:44am Jan 15, 2014 10:44am
Its only demo however a few pips a day with Genesis
does seam easy 15+ pts
15-01-2014 16-39-47.gif
Attached Image (click to enlarge)
Click to Enlarge Name: 15-01-2014 16-39-47.gif Size: 30 KB
  • #21,184
  • Jan 15, 2014 12:31pm Jan 15, 2014 12:31pm
Asithaya,

EDIT: Appears Asithaya deleted his post ???

As you probably have seen, there are many ways to trade Genesis.

Genesis traders use different TFs, and different filters, that is the beauty of the system.

What you have described is a very sensible approach.

But yes and strong trending market is very easy to trade, and is where you should be aiming to make the majority of your profits.

Rangebound days, are obviously far harder to trade.

But I dont change my entry criteria, just alter my expectations/exits.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,185
  • Jan 15, 2014 1:29pm Jan 15, 2014 1:29pm
Quoting Martyfish
Asithaya, EDIT: Appears Asithaya deleted his post ??? As you probably have seen, there are many ways to trade Genesis. Genesis traders use different TFs, and different filters, that is the beauty of the system. What you have described is a very sensible approach. But yes and strong trending market is very easy to trade, and is where you should be aiming to make the majority of your profits. Rangebound days, are obviously far harder to trade. But I dont change my entry criteria, just alter my expectations/exits.
I m sorry marty , I deleted the post to post a more detailed one tomorrow. I will post my trading method tomorrow to get suggestions from all the genesis members . It is not easy me to type my ideas as i want. language barrier goodnight everyone. it is 1am here.
gEt BusY LiVinG oR Get bUsy dyIng
  • #21,186
  • Jan 15, 2014 1:34pm Jan 15, 2014 1:34pm
No problems
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #21,187
  • Jan 15, 2014 3:06pm Jan 15, 2014 3:06pm
Quoting Martyfish
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
Thanks for the trade analysis Marty.

PM1
  • #21,188
  • Jan 15, 2014 3:55pm Jan 15, 2014 3:55pm
Quoting eltax100
Its only demo however a few pips a day with Genesis does seam easy 15+ pts 15-01-2014 16-39-47.gif {image}
Marty,

A question for you.............looking at eltax's post #21186 and the attached chart, the point you were making the other day about overlaying M5/M15 and watching the M5 break up through a rising M15 stoch - that chart, for the last long trade, would be a great example of what you were explaining???

PM1
  • #21,189
  • Jan 15, 2014 6:40pm Jan 15, 2014 6:40pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
That blast on GA froze my platform. I was considering playing news with a sell as low SO......but no, I don't play news!!!! Gosh, 150 pips in a nano second....
  • #21,190
  • Jan 15, 2014 6:54pm Jan 15, 2014 6:54pm
More I read these posts more I realize that the only ingredient for profitable trade not provided by Genesis is my patience.
  • #21,191
  • Jan 15, 2014 7:00pm Jan 15, 2014 7:00pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 798 Posts
Quoting ZoranB
More I read these posts more I realize that the only ingredient for profitable trade not provided by Genesis is my patience.

I agree there Zoran....and it is surprising how hard that can be to realize so you're doing well. The 10 pips per day is a good one to start with and then how to play winning trades correctly to your strategy which can lead to the 10 being 15 or 20. When you are satisfied with your plan, big moves, although still exiting to watch, don't mean you have "missed" something.
Patience with a calm mind........
  • #21,192
  • Jan 15, 2014 9:46pm Jan 15, 2014 9:46pm
Quoting ZoranB
More I read these posts more I realize that the only ingredient for profitable trade not provided by Genesis is my patience.

Well yea its m5 trading, you are going to get 5 bad signals on average each LO. Waiting for that one good one is what brings in money to your account
  • #21,193
  • Jan 15, 2014 9:50pm Jan 15, 2014 9:50pm
Quoting Acroix70
{quote} Well yea its m5 trading, you are going to get 5 bad signals on average each LO. Waiting for that one good one is what brings in money to your account
5 bad signals?so many? Is it during LO?What about before LO?
  • #21,194
  • Jan 15, 2014 9:58pm Jan 15, 2014 9:58pm
Quoting Gold Miner
{quote} 5 bad signals?so many? Is it during LO?What about before LO?

What I mean by bad signals could be stoch's not at a good angle, BRN close by etc etc

Taking every matrix grid signal doesnt work


Before or after LO doesn't matter.
  • #21,195
  • Jan 15, 2014 10:13pm Jan 15, 2014 10:13pm
Quoting Acroix70
{quote} What I mean by bad signals could be stoch's not at a good angle, BRN close by etc
Why would a BRN close mean the signal is bad?
The single most important factor is having control of your own life.
  • #21,196
  • Jan 15, 2014 10:22pm Jan 15, 2014 10:22pm
Quoting Mikkk01
{quote} Why would a BRN close mean the signal is bad?

-Sell Entry

-BRN----------------


Seems kinda risky selling right above a BRN or Buying below one. Thats just my opinion
  • #21,197
  • Jan 15, 2014 10:27pm Jan 15, 2014 10:27pm
Quoting Acroix70
{quote} -Sell Entry -BRN---------------- Seems kinda risky selling right above a BRN or Buying below one. Thats just my opinion
My opinion is - that depends. You'll miss a lot of nice set-ups if you set a rule to never enter when BRN is on the way...
The single most important factor is having control of your own life.
  • #21,198
  • Jan 15, 2014 11:03pm Jan 15, 2014 11:03pm
Quoting Mikkk01
{quote} My opinion is - that depends. You'll miss a lot of nice set-ups if you set a rule to never enter when BRN is on the way...
good point.
  • #21,199
  • Jan 16, 2014 12:13am Jan 16, 2014 12:13am
Quoting Gold Miner
{quote} good point.
Moot points

Each set up is like a snow flake..............similar in form but all unique to their own.

Discussion about signals close to a BRN or other should always be put into context, with a chart. The variables on offer are many and varied....TF, session, trading style, chart set up, R:R, MM, which way the wind is blowing etc etc.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,200
  • Jan 16, 2014 12:15am Jan 16, 2014 12:15am
Quoting PipMonster1
{quote} Marty, A question for you.............looking at eltax's post #21186 and the attached chart, the point you were making the other day about overlaying M5/M15 and watching the M5 break up through a rising M15 stoch - that chart, for the last long trade, would be a great example of what you were explaining??? PM1
Exactly !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
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