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Genesis Matrix Trading

  • #21,441
  • Jan 23, 2014 5:55am Jan 23, 2014 5:55am
Quoting iwan73
{quote} You throw cold water on my idea of trend. May i disagree with you in this matter? When i look at M15 chart i see up trend. Maybe you are right that this entry is not absolute top class and perfect through and through. {image}
I think J meant today's [immediate] trend...
The single most important factor is having control of your own life.
  • #21,442
  • Jan 23, 2014 10:17am Jan 23, 2014 10:17am
My trades for today EURAUD +21 and +20, first chart and AUCHF +16 second chart.
Had to go out, so I closed my second EA trade and AC too early.
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  • #21,443
  • Jan 23, 2014 1:53pm Jan 23, 2014 1:53pm
Quoting iwan73
{quote} You throw cold water on my idea of trend. May i disagree with you in this matter? When i look at M15 chart i see up trend. Maybe you are right that this entry is not absolute top class and perfect through and through. {image}
Hi

Trend can be subjective, and its easy to find a trend on a zoom out or another TF to support any trade.
Trading against a 97 pip bear move does not qualify as trading w the trend in my book.

Aside from the trend, the M5 stoch was very high, and the trade was opened on London Open, which in itself, is a very high risk option.

There were some good signs for the trade, stochs, matrix, ASCT, bounc off DP, but not enough to counter the negatives.

I hope youre not taking my comments on the trade personally. We are all striving to be good traders, and taking HPTs is a big part of the road to success.

Cheers J.
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Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,444
  • Jan 23, 2014 1:59pm Jan 23, 2014 1:59pm
Quoting panamamike
{quote} Well, I think you are a little hasty in your critique. First of all, if trading using risk % (which i believe is much better than set lots as all trades are different), the size of the stop loss means squat. Secondly, in looking at a 15 min chart, one can see that the previous high was about 100 pips from his entry point, thus a reasonable R:R if that was his selected target. In addition that was the second rejection of the pivot based on a 15 min chart. It was a clean signal, although his entry was a bit late. I fail to see a problem with...
"the size of the stop loss means squat"

Are you sure about that ????????????
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,445
  • Jan 23, 2014 2:12pm Jan 23, 2014 2:12pm
Quoting jjre65
{quote} I hope youre not taking my comments on the trade personally. We are all striving to be good traders, and taking HPTs is a big part of the road to success. Cheers J.
Of course i am not taking it personally. I appreciate that you described more precisely why my trade wasnt good.

I think i have to take rest day tommorow. It is not possible to end this week with 50 pips in the pocket.
  • #21,446
  • Jan 23, 2014 3:49pm Jan 23, 2014 3:49pm
Quoting jjre65
{quote} "the size of the stop loss means squat" Are you sure about that ????????????
I think Mike means if you are trading a % of risk then the SL does mean squat as your risk is the same $$ amount just the position size is much smaller. If you are trading and the SL is 25 pips well your position size will be twice as large ( with the same $$ risk) as it would be for a 50 pip SL. But you need to ask yourself the question, which is where you are coming from J, is that risk worthy of a good trade as the position size will be so reduced any move will be insignificant and unworthy of time spent managing.

Correct me please if I have this wrong.

PM1
  • #21,447
  • Jan 23, 2014 3:52pm Jan 23, 2014 3:52pm
Quoting nikz
My trades for today EURAUD +21 and +20, first chart and AUCHF +16 second chart. Had to go out, so I closed my second EA trade and AC too early. {image} {image}
I like the first trade Nikz but the second trade getting short above support, and support that has held for a few tests, ...........it paid off anyway but when I do that I always get burnt......must be me??

PM1
  • #21,448
  • Jan 23, 2014 4:54pm Jan 23, 2014 4:54pm
Quoting PipMonster1
{quote} I think Mike means if you are trading a % of risk then the SL does mean squat as your risk is the same $$ amount just the position size is much smaller. If you are trading and the SL is 25 pips well your position size will be twice as large ( with the same $$ risk) as it would be for a 50 pip SL. But you need to ask yourself the question, which is where you are coming from J, is that risk worthy of a good trade as the position size will be so reduced any move will be insignificant and unworthy of time spent managing. Correct me please if...
I understand the maths here, but trading 5-15, a 50 pip SL, which equates to a 50 pip minimum win expectation doesnt stack up IMHO.
Trading HTFs would put the SL into context.

But each to their own

Cheers J.
Winning isnt everything but coming second sucks (Charlie Brown)
  • #21,449
  • Jan 23, 2014 5:06pm Jan 23, 2014 5:06pm
Quoting jjre65
{quote} I understand the maths here, but trading 5-15, a 50 pip SL, which equates to a 50 pip minimum win expectation doesnt stack up IMHO. Trading HTFs would put the SL into context. But each to their own Cheers J.

I agree J. It really is a silly trade to take on a 50 pip stop for 5/15 trading. But as you say, each to their own.

PM1
  • #21,450
  • Jan 23, 2014 5:09pm Jan 23, 2014 5:09pm
Quoting PipMonster1
{quote} I like the first trade Nikz but the second trade getting short above support, and support that has held for a few tests, ...........it paid off anyway but when I do that I always get burnt......must be me?? PM1
Yes you are right for the AUDCHF trade. But although it bounced a little bit from support, it didn't go up either. It was downtrend for the whole day and as London close approaches, chances are less that in this time of day, pair has enough strength to reverse that strong downtrend. In my opinion of course Also stochs looked great in my book and SL was cheap, around 12 pips. But you are right, shorting above support is a huge minus when validating potential entry.
  • #21,451
  • Jan 23, 2014 5:18pm Jan 23, 2014 5:18pm
Quoting nikz
{quote} Yes you are right for the AUDCHF trade. But although it bounced a little bit from support, it didn't go up either. It was downtrend for the whole day and as London close approaches, chances are less that in this time of day, pair has enough strength to reverse that strong downtrend. In my opinion of course Also stochs looked great in my book and SL was cheap, around 12 pips. But you are right, shorting above support is a huge minus when validating potential entry.
I have absolutely no experience with the London close and as you say the stochs looked quite tasty. It was a good call nevertheless.

PM1
  • #21,452
  • Jan 23, 2014 6:19pm Jan 23, 2014 6:19pm
Quoting jjre65
Trend can be subjective, and its easy to find a trend on a zoom out or another TF to support any trade.

That's right...it's much like horoscopes, one can curve fit any of them to suit if need be!!

Generally speaking, when I trade M1 I'm looking at M5 as well to see the immediate trend. I might have a look at M15 once or twice during the day, but that's as high as I need to go.

For M5 trading, I look at M15 for immediate trend and I look at M30/H1 once or twice during the day.

For 515 trading, I look to M15, M30 and H1, and I check H4 once or twice.

The larger trend H4 / Daily, is good to at least be aware of, but it doesn't have much bearing on the shorter term trends, or the immediate trends of M1, M5 trading...... imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,453
  • Jan 23, 2014 7:04pm Jan 23, 2014 7:04pm
Quoting iwan73
Long entry on GJ. Overall trend is up. Stochs M30 and H1 crossed up. {image}
My 2 cents to this trade.
I like the trade

For some reason I would take this trade too.

  1. double bottom
  2. Over DP
  3. SL 20, fine for M5 trading
  4. M15 stoch looks fine

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  • #21,454
  • Jan 23, 2014 7:18pm Jan 23, 2014 7:18pm
Quoting Fame of me
I have no idea what happen here right now....
May I kindly ask what you ment by this FOM
Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #21,455
  • Jan 23, 2014 7:27pm Jan 23, 2014 7:27pm
Quoting anthm
{quote} May I kindly ask what you ment by this FOM Kind Regards Anthm
Really?

Here we go:

Quoting anthm
{quote} In reference to Stradas Ultra Stoch idea, I did a bit of looking around this morning and took these two screen shots. Technically speaking its not an Indi supplied by the Genesis team, But it seems very very similar and more accurate. Straight away I am seeing the REAL TIME value in it. Any thoughts?? Regards Anthm {image} {image}
But the reaction was straight here:

Quoting realjumper
{quote} Well...sorry to have to say this, but what we have now is a perfect example of why i will not allow outside indicators on this thread. I opened to 'door' just a crack, and people want to start posting untested indicators, which is against the rules of Post #1 It is impossible to see "REAL TIME" value in anything without extensive testing. Everything on Genesis has been tested for not less than 4 continuous weeks and has proved itself in all kinds of markets and under all conditions....and this is why the indicators as supplied are the ONLY...
  • #21,456
  • Jan 23, 2014 7:32pm Jan 23, 2014 7:32pm
Quoting Fame of me
{quote} Really? Here we go: {quote} But the reaction was straight here: {quote}
Oh ok,
I was not sure if was aimed at the market or at me.
Yes indiscretion of posting the ultra stoch was remiss of me, fortunately I saw the error of my ways and cleared it up with RJ.
Must say I don't see bundled moving averages mentioned in post 1??
Kind Regards
Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #21,457
  • Jan 23, 2014 7:41pm Jan 23, 2014 7:41pm
FOM, you back.Welcome back...
  • #21,458
  • Jan 23, 2014 7:45pm Jan 23, 2014 7:45pm
Quoting iwan73
{quote} You throw cold water on my idea of trend. May i disagree with you in this matter? When i look at M15 chart i see up trend. Maybe you are right that this entry is not absolute top class and perfect through and through. EDIT: I decided to remove chart from this post because i dont want to break thread rules. The chart was clean (without any indies) so it wasnt genesis. To be baned is the last thing i want. I gave myself time till end of march. If i will not make any progress in trading and cant regulary earn 10 pips a day then i will give...

You see above my 2 cents to your trade. And I like it. For which reason also look above.
What me make nervous your reason for taken the trade. Right now the main reason was Stoch bla bla bla and bla bla bla.
But what is with the price? And where and what make the price?over dp - double bottom and and and...

Because of the SL thing. After a while I come to the decision that we CANT use a hard SL.
Why?
The market give a shit on what we want, we have to do what the market want.
And for this, we have to use the last high/low as SL.
As described on the first page, I guess..lol..

Why you want give up? I mean, for ME your entry was fine. And with the SL thing, you can learn it. We all learn.
  • #21,459
  • Jan 23, 2014 7:48pm Jan 23, 2014 7:48pm
Quoting Gold Miner
FOM, you back.Welcome back...
psssstttt
But yes, I am here. This was not my plan, but I feel I have to support RJ.
  • #21,460
  • Jan 23, 2014 7:54pm Jan 23, 2014 7:54pm
Quoting Fame of me
{quote} psssstttt But yes, I am here. This was not my plan, but I feel I have to support RJ.
I am so glad to "see" you here.hehe.
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